donald trump outlikes his plan to try to boost the u.s. economy as hillary clinton returns to the campaign trail. in a speech before the economic club of new york this morning trump made some bold promises about growing the economy other the next ten years. but critics say his goal of 3.5% growth doesn't add up. meantime, hillary clinton campaigns today for the first time since she was side lined by pneumonia. her first stop will be in greensboro, north carolina where she'll give a speech focusing in on children and families. clinton released a letter from her doctor saying she is recovering well from her bout with pneumonia. doctors said clinton remains, quote, healthy and fit to serve as president. trump also released a two-page medical letter after discussing the results on the dr. oz show. let's get more on trump's economic speech, which was just delivered, whether the numbers add up. our political reporter sara murray is covering the trump campaign for us. sara, trump painted a really gloomy picture of the u.s. economy right now. what does he plan to do to turn
that around? >> well, wolf, he laid out a lot the policies he's previously proposed. very deep tax cuts not only for businesses but also for news, his child care policy he unveiled earlier this week. he talked a bit about trade. all of these lumped together, he and his cam pain, the economists they've consulted with, they say will amount to big growth. donald trump pegged it at 3.5% to 4% annually and they said that under that kind of growth rate, you would create 25 million jobs over the course of a decade. now, we haven't seen growth near 3.5% since about 2004, 2005. but of course as we know it's no secret that politicians like to aim high when they put out their economic proposals and so we shouldn't necessarily be surprised to see a very sunny optimistic idea for how much donald trump could spark economic growth. i do thing he's going to face some criticism for the deficit reduction side of this. he put forward a plan that would essentially cut nondefense
discretionary spending and not cut entitlements at all. this is what republicans were concerned about, the notion you'll be able to do any kind of credible deficit cutting without dealing with entitlements. at least from a republican perspective, when they look, they'll see a lot of things they like in terms of tax cuts, wanting to streamline regulation. but i think they're still going to be wary about the trade policies included in this as well as the attempted deficit reduction, wolf. >> how is he received over there at the new york economic club? >> it was interesting, as we were kind of fighting our way to get back out of here in time for this live shot. a number of people were shouting about donald trump's speech and they actually seemed fairly impressed with it. some women were chatting about how he seeped calm in his delivery and he has sort of a way of commanding attention and respect when he takes the stage. i think people were also interested to see him lay out a plan where he did run through a number of the policies he laid out and that actually did have, you know, they were calling them facts and certainly the kinds of facts his campaign and his
economists are putting out. obviously other economists will dispute those but that's a broader debate i'm sure we'll have over the next few days, wolf. >> i'm sure we will, sara murray, thank you. our chief business correspondent, christine romans. christine, trump made these bold promises about growing the u.s. economy. let me play this little clip. >> under our plan, the economy will average 3.5% growth and create a total of 25 million new jobs. you can visit our website, just look at the math, it works. it will be accomplished through a complete overhaul of our tax regulatory energy and trade policies. >> we're also showing our viewers, chris teen, these are live pictures coming in from white plains, new york. the former first lady of the united states, the former secretary of the state, now the democratic presidential nominee, hillary clinton, getting ready
to leave white plains, not far from her home up there in westchester outside of new york city. there she is. she's walking out of that van. she's going to be boarding the stairs to head off to north carolina. this is the first time we've seen her since that incident sunday morn. let's just listen in a little bit. all right, she's smiling, she's waving, she's going inside her plane to fly to north carolina. first time she's been on the campaign trail since she had that incident sunday morning right at that 9/11 memorial ceremony in new york city. she was diagnosed with pneumonia as we all know on friday. her doctor told her rest. she didn't rest over the weekend. she had that incident. she nearly collapsed sunday morning. but she has been resting since
then. now, no more rest. she's on the campaign trail. she'll be in north carolina this afternoon delivering a speech and later tonight here in washington for another speech. chris teen, we were talking about donald trump's economic plan. we'll have more on hillary clinton's situation. that's come up in a little bit. let's talk about the numbers. we just heard him make that bold claim, do the numbers, based on everything you're hearing from economic experts, add up? >> look, he's talking about robust growth. he's shooting for the moon here on his growth forecast. i want to show you some context here. we haven't had 4% growth consistently since bill clinton was the president the united states. you haven't had it, as sara said, since 2004. 3.5% on average for a decade, that is a very, very bullish, as they say, forecast here. and how he would do it, it he would have to have every one of his policies in place. draw in your mind, everybody, an imaginary big green line at that 4% mark and you can see what his
looked like in the past decades. one thing he did say is absolutely true, a fact check that's true, if this is the weak et job recovery since the great depression, and that is true, in part, because it was almost another great depression. when you look at average job growth over the past years. you've got 9 million or 10 million jobs created under the obama administration. if you look at the worst part of the recession, it's 14 million jobs have been created. so of late, lately, job growth has been doing better, but the credit, the blame probably doesn't lie with the president in those economic policies, it's probably more the fed, what the fed has been doing to bring the economy back to life there. so that claim of 25 million jobs over a decade, again, another very, very optimistic claim, wolf. >> here's what he said, christine, donald trump, about the economic recovery, watch this. >> right now, under the obama/clinton policies, the economy grew only 1.1% last quarter, a number that was
shocking to people that do this professionally and for life. it translates into millions of lost jobs and certainly millions of lost good jobs, because we don't have good jobs anymore. those jobs are gone and going. this is the weakest so-called recovery since the great depression. >> what do you make of that comment, christine? >> it is the weakest recovery since the great depression, that is true. the question now here though is why. is that the fault of barack obama and hillary clinton, the president and the former secretary of state, or is that the fault of just how severe, severe, the recession was and the fact that some people claim there wasn't enough concerted effort by congress on the fiscal side in recent years to get it done, to fix some of the things that are wrong with the american economy structurally and the
federal reserve is the only one that has been doing it. that is the question here. he's right on the fact that it is the weakest recovery since the great depression. the question is would he make it any better. would he have done any better than president obama. >> he also said this, christine, about household income. >> our manufacturing base has been crumbled, communities have been hollowed out, wages have declined and households are making less today than they were in the year 2000. >> is that accurate? >> wolf, we have brand-new numbers from the census that are really clear on this. you have household income coming back. for several years, the stum speech that, you know, americans have lost $4,000 in income since obama was -- president obama was in office, that was true, until the year 2015. these wages are coming back here. $56,516 was the median household
income last year, brand-new number, and that is pretty much equal to where we were, you know, in 1999, that was the record, $57,909, just below record high median household income. >> the numbers have improved lately and that's encouraging. christine, thank you very much. also today, hillary clinton getting back on to the campaign trail after following doctor's orders to take it easy at least for a few days. we just saw her board that flight. taking her to north carolina. she'll be delivering a speech later this afternoon. mark preston, our politics executive editor, is with us. so talk a little bit about the momentum that's going on right now, because if you look at all the polls, the national polls right now, mark, if you take a look at the polls and in the key battleground states, it looks like trump has the momentum, hillary clinton doesn't. >> no question about that, trending lines right now, as you say, as hillary clinton is returning to the campaign trail, as we've seen donald trump really trying to, you know, benefit from that, from her
absence. of course, she just acknowledged she contracted pneumonia. clinton is going to head to greensboro, north carolina. she'll talk about women and families, children and families. she'll also this evening head to washington, d.c. where she's going to join president obama at the congressional hispanic awards dinner. one day after she released that doctor's note outlining she is fit to serve as president. as national state polls show this race is tightening over the last few weeks. the clinton campaign is flooding one of these very important battleground states, that being ohio, with key surrogates, trying to convince younger voters to support the former secretary of state. today, we're going to see chelsea clinton appear at two stops in ohio and then this weekend, bernie sanders will be in ohio for several stops as will elizabeth warren. so what we're seeing, wolf, is an all on press from the clinton campaign as they are trying to deal with these plunging poll numbers, specifically in the key
state of ohio. wolf. >> we're showing our viewers, mark, live pictures from aboard the hillary clinton aircraft that's going to take her from white plains, new york, outside of new york city, over to north carolina for her speech that she's going to be delivering in a few hours there. we've got cameras on board this flight. let's see if she walks back in the course of this, speaks with reporters before takeoff. of course we'll have coverage of that. these are live pictures coming in from aboard the plane. mark, as you know, in recent days, before she was diagnosed with pneumonia, she allowed reporters to sit on her plane, to accompany her on her flights, and she also has been a little bit more available to those reporters to answer some questions. let's see if she comes back. but this is sort a new step. we all want to see how she's feeling, how she's doing following the diagnosis of pneumonia. >> no doubt, wolf, certainly in the past week or so, we've seen hillary clinton, her campaign being more open, holding a couple of press availabilities inside the plane as we're seeing that picture right now.
but also, she held a news conference after coming under very harsh criticism from the media as well as republicans saying that she was hiding. now, we're not sure if hillary clinton, as you said, is going to come back and speak, but we have seen her come out and talk about her health. she did call in to anderson cooper, our colleague, to discuss the incident that happened on september 11th that forced her to leech the ceremony early. that really disturbing -- >> hold on, hold on, she's coming back to speak to repo reporters, let's listen in. >> hey, guys. welcome back to stronger together. >> how are you doing? >> i'm doing great, thank you so much. and i think jan and nick have suggested we do an actual avail on the next flight. we get to north carolina, we'll do the speech and then we'll get back on and then we can answer questions, go from there.
>> -- last few days? >> i'll talk about that later too. i'll talk about that later. >> that will be tonight after the -- >> it's done. i am so sad. really. madam secretary however is coming back. so that's something that's -- >> is that odd to watch that? >> no, i actually get a big kick out of that. >> i watched it with a little bit of skepticism at first but i got so into it and really liked the story lines. they had some good, quasirealistic story lines. so anyway. >> -- north carolina -- >> excited to get to north carolina. >> all right, you just heard hillary clinton say she's going to give avail or availability, a little news conference, after her speech in north carolina aboard her aircraft on her way here to washington, d.c. we'll of course have coverage. she looked pretty good, she
sounded pretty good. she had been resting over these past several days following that diagnosis of pneumonia. >> she certainly does. again, going back to that really disturbing video where it appeared that she had tripped and then slumped down and needed help to get into the van. what we've been told by the campaign though is while she was resting at hoe, she had been working on debate prep. we all know that all important debate that's going to be coming up shortly here is really going to be the big showdown now that is going to show us right now where the real state of the race is, as we're seeing this race go up and down and up and down. as you said at the top, has tightened not only nationally but in the key states they're going to decide the election, wolf. >> jeff zeleny is aboard the aircraft with the democratic nominee. jeff, you're there. tell us what it's like on that plane. >> wolf, you certainly saw secretary clinton come back, say hello and show everyone that her health is better and she's eager to get back on the campaign trail. you heard her also say that she
will take questions later in the day, but not at this point. wolf, the campaign is desperate to get back to business, get back to their fight against donald trump, get back to the argument and not talk about pneumonia. you can see the smile on her face. she's just eager to get to work. she's entering a far different landscape now than one week ago when she made her last visit to the battleground state in north carolina as well. and just the fact that she is taking her first trip to north carolina certainly indicative of how important that state is, and several other battlegrounds. so much tighter than the clinton campaign expected at this point. but, wolf, the -- what's really transpired has been a window into how she may serve in the oval office if she's elected what her presidency could be. she did not disclose all the information she ended up doing. it's been a test run of sorts
for some campaign aides. she didn't necessarily pass that test in some regards. she acknowledged her staff could have done better. at this point i'm on the back of the plane. will be taking off shortly here. she'll be flying to greensboro, north carolina, for her first chip back to the battleground state in a week, wolf. >> all right, have a safe flight. let's continue our analysis of the situation. our chief political analyst gloria borger is with us. cnn politics editor, and cnn political analyst jackie kucinich who's also the washington bureau chief for the daily beast. gloria, she sounded pretty good. she's been resting. she's been fighting that pneumonia. now she's back on the campaign trail. >> and she looked energetic as if she was really looking forward to what's coming on the campaign trail. saying we're going to have a press conference. i think they realize they have
to turn this ship around. and that, you know, they've lost what they had after the convention. and donald trump gave an economic speech this morning. i'm sure she wants to respond to how his economic speech would affect the middle class. i'm sure we'll hear her talking about that. she has to let the american public know that she's energetic and she's ready and she had a small bout with that knopneumon move on. >> she's got a lot of work to do because the polls in the key battleground states and national polls this race is really tight. >> it absolutely is tight. if you look at the trends, the margins by which clinton had been ahead of trump. now all of these states, ohio specifically, a ton polls out of there, florida is a neck and neck race. critical to both candidates. this really is going to be the
final frenzy. think that i why you see surrogates like warren, sanders, heading out to these states on clinton's behalf because her team realizes they don't have any time to waste. >> she did a couple of phone interviews but we didn't see her. this is really the first time we've seen her since sunday morning when she had that fall going into the van. she wanted to show all of us she strong, she'll healthy, she's ready to go. >> i think one thing this episode really drove home for the clinton campaign is their achilles heel is secrecy and this perception they're not transparent. this health issue really became more about the fact why wasn't the public told she had that kno pneumonia as opposed to her illness. what we'll see them do now in every possible way is try to
promote an image of transparency. >> everyone is watching her so closely. if she stumbles a little bit, people are going to draw all sorts of conclusions. one of the downsides of the secrecy if you will when they weren't forthcoming and alerting us she has pneumonia. >> i think it's one of the reasons she released her medical report yesterday to try to move on past, see what the numbers are, see what medications she's on. so they see she's a generally healthy person who doesn't get sick. this was a self-inflicted wound and they're working hard to move past it. >> they're trying to flip it on donald trump and say, okay, i'm transparent, i've releaseded more medical records, i've released my tax returns. we're going to hear more of that too. by comparison, she's going to say, you know, you're okay, and i'm completely transparent.
>> she's going to continue wanting to go after him on the taxes. >> absolutely, she's continue to go after him. the medical records, though, think it's important to know both trump and clinton have released significantly less than what we've seen from past presidential candidates. john mccain being the example that comes to mind. i do think we will see her continue to push the fact her campaign has been open. she's been giving the american people the information they have. trump continues to say my taxes are under audit, i can't release it. eric trump sending a completely different message about that. >> i think she used the romney and obama model because we didn't get a lot out of them either. not clearly the full mccain who released the most. but he's 71 and a cancer survivor and people were raising questions about it. they weren't raising a lot questions about the health of mitt romney and barack obama. >> donald trump, 70. and hillary clinton, 68. next month, 69 years old. roughly the same age that john mccain was and roughly the same age that i guess if you go back
in history, there were other presidents, ronald reagan was almost 70 years old himself so there are examples. they both seem to be, based on the letters we received so far, in pretty good shape but we'll go forward and see what else we learn. coming up, much more on donald trump and his outlined economic plan. our political panel is standing by to weigh in on that. and all the day's political news. we'll be right back. turn the trips you have to take, into one you'll never forget. expedia plus rewards. earn points on over one million hotels, flights, and packages. and you're talking to youro doctor about your medication... this is humira.
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john mccain, a war hero.
he's not a war hero, he's a war hero because he was captured. i like people that weren't captured ok. donald trump compared his sacrifices to the sacrifices of two parents who lost
their son in war. how would you answer that father? what sacrifice have you made for your country? i think i've made a lot of sacrifices, built great structures. i've had tremendous success, i think... those are sacrifices?
he made many bold statements in his economic speech before the new york economic club. what was your initial reaction when you went through the numbers and his plan? >> well, this is certainly improvement from donald trump's previous tax plan. his last plan cost $9 trillion. this one only cost about $4 trillion. but there's still a lot of pie in the sky here. still a lot of promises of economic growth that we can't possibly get. and still a reliance on just one-third of the budget to come up with all of the budget savings. >> why is it unrealistic to have 3.5% growth? that's what we had during parts of the clinton administration. when he says at least 3.5% over the next ten years, whiy is tha unrealistic? >> we had 3.5% during the '90s. that's when the baby boomers were at their prime working years. now they're retired. that's a point off growth. add the fact we're not in a tech boom, that's another half a point, that brings us down to what we think growth will be which is 2%. >> 2% is better than 1% or 1.5%.
when he says he can create all these jobs if he reduces taxes that will unleash industry for example, does he have a point? >> he has a colonel kernel of a. certainly regulatory reform can help to promote growth. we're talking about decimal points, not percentage points. >> when he says the u.s. has to be much tougher with mexico on trade, much tougher with china on trade, got to throw away nafta for example unless it's totally revised. forget about ttp. the whole trade issue. your reaction to that? >> well, this could go either way but if you ask most economists, repealing nafta and canceling ttp are not going forward would actually slow economic growth a little bit. >> tell us why -- why would that slow economic growth. >> well, the basic idea here is that trade makes both countries better. otherwise they wouldn't do it. when we throw up tariffs that inhabit trade, that's going to slow growth a little bit. it might be good for the
distribution of income but not good necessarily for overall economic growth. >> what would it do for consumers who want to buy a lot of products, obviously, for the cheapest possible price? >> typically prices would go up. of course not all prices, but part of the advantage of trade with mexico and with china and with japan is that we get lower prices at walmart and actually on many of our goods. >> if it's made in china for example, or mexico, it would be cheaper than if it were made in the united states. so it hurts the workers who are working at those plants if those jobs are exported. on the other hand it helps consumers because they can get the products cheaper. is that what you're saying? >> it's not that trade is all good. there are winners and losers. on net, most economists think trade increases the size of the economy and lowers prices in that economy. >> all right, mark goldwein, the vice president, senior policy director for the committee for responsible budget. gloria and our panel still with us. you get an assessment from an expert like that on trump's
numbers. basically suggesting they're not realistic. >> right, first of all, i have to say, i've never met a pessimistic presidential candidate who gives an economic plan and says this isn't going to provide "x" percent growth, this isn't going to be more money in your pocketbook, you know, that's fine. so we have to take every candidate with a grain of salt that way. look, i think there is a real economic debate about whether these kinds of tax cuts are going to make the kind of 4% growth that donald trump is predicting, particularly since there's no budget cut side to this. entitlements are allowed to grow. defense spending is allowed to grow. the only budget cuts i could really find were what he calls the penny plan. he says would reduce nondefense, nonsafety net spending by 1% of the previous year's total. so it's a different kind of sequester. it's just kind of saying i'm not going to make these decisions but i'm just going to lop off 1%
every year. that's the only cuts that i could really see. and, you know, you kind of just have to buy in to the whole economic theory of it or you don't. >> basically saying the u.s. is going to want to increase defense spending, not going to touch social security, not going to touch medicare. he says that's off limits. he doesn't want to touch that. but he says you can make -- you can find the money through waste, fraud and abuse. because there's a lot of money that the federal government wastes. he says you can come up with billions of dollars to pay for these new initiatives he's looking for. >> sure, mean, i'm not an economic expert but i think if you spoke to someone about this and we've seen this after the speech is they're saying sure, that may be out there, but to pay for the things that donald trump is propose, the numbers just may not add up. the thing that's interesting to me is that politically this is a good place for donald trump to be in, right, polls show that voters trust him more to teal with the economy than hillary clinton for the most part, although polls also show she
more understands the needs of the middle class. whether or not you agree or disagree with the substance of the speech in his plans is a good spot for him to be in if he wants to continue to gain more voters, to win more over, rather than some of the other, say, distracting issue he's been known to talk about on the campaign trail that are a bit more devicist. >> i want to get her thoughts, is it still the economy stupid? >> i think that is going to be a prime motivator for voters and the challenge for democrats and hillary clinton to push back against some of the things that don't add up in donald trump's speech is there are, despite indicators of an economic recovery and despite new evidence that household median income is up there are pockets in this country that are not feeling that. >> voters, they're going to like trump's cuts in taxes because who wants to pay a lot of taxes. >> right, but then there are, if you start a trade war with china and mexico and you see job loss
or goods go up, they're not going to like that. but when you talk about, i just want to go with what she was saying, when you talk waste, fraud and abuse, one of the reasons the budget is so hard because one person's waste fraud and abuse is someone else's critical program. that's why the specifics are so important. because he's going to be facing a battle every single day over some of these things he might want to cut. >> the maternity leave is also paid for by fraud and unemployment insurance. and so that's another issue. do you believe you can get the amount of money needed for this kind of maternity benefit? out of waste, fraud and abuse? some people say absolutely not. i don't know. i don't actually know what the number would be. i'm not so sure they do either. >> here's what's encouraging. >> they say the 5 billion. >> the five of us were talking about an issue, the economy, jobs, taxes, stuff like that. that should be at the forefront of this presidential debate. >> what happened on dr. oz. we have to go there. >> thanks very much to all of
you. donald trump and hillary clinton by the way, they will share the same stage in just 11 days from now. the first presidential debate. look for cnn's live all day coverage monday september 26th. another story we're following, you're about to see the syrian city of aleppo, the way it hasn't been seen in years. relatively quiet. no explosions or gunfire, no deaths in the street. it's the third day the cease-fire that appears, at least for now, to be holding. we have a cnn crew inside what's left aleppo. this is a cnn exclusive. we're going there live. we'll talk with our man in aleppo right now, fred pleitgen, right after this.
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the cease-fire in syria has been extended for another 48 hours but the diplomatic war of words rages on. take a look at this. from a russian drone over rebel-held aleppo watching over the city. the u and moscow are accusing one another of cease-fire violations. the pause in the fighting does allow us to see what syrians are dealing with. destruction is simply everywhere. so many are desperately in need of help. but diplomatic red tape is holding up u.n. aid trucks at turkey's border with syria. our senior reporter fred pleitgen inside ahelp poe now. what are you seeing where you are? >> we've been able to get to a lot of areas here in western aleppo that have absolutely been
destroyed. we were in one frontline area called cian which had a lot of houses absolutely flattened but still had people living in those houses trying to make do. the folks we speak to say they're not sure whether or not the cease-fire's going to last. they've had cease-fires here in the city in the past and they've always unravelled after a few days. we saw a couple of kids would for the first time in a long time were able to go outside and collect firewood. their parents were going to use that to make some food. the cease-fire itself is something welcome by the people here but at the same time they're not sure whether or not it is something that's going to be longer term. on the other hand, i've been here a few times, wolf, i have to say the destruction here is a lot more than the previous times that we've been here. even the road into aleppo was a lot more destroyed. you had that very heavy fight here in the city between the rebel forces and the government leading up to that cease-fire and that certainly has left its mark on the city that's already
been so battered because it's been right on the front line almost these entire five years of the civil war, wolf. >> what do you know about russia's accusing the u.s. of not abiding by the cease-fire? >> yes, it's something we've heard from the russians, they put out several statements during the course of the day where they on one hand were saying they believe the u.s. is disingenuous about the way they handled the cease-fire. they believe it was rebel forces who continue to shell government positions. they say the breaches of the cease-fire that have taken place so far have only come from what they call u.s.-backed rebels, and they say they've seen dozens of those happen not just in the area around aleppo but in other areas as well. of course the u.s. takes a very different view. they say they're not sure whether the russians are really serious about this cease-fire and they say there's been violations from both sides. just getting back to what we've seen on the ground, wolf, we did hear some outgoing fire throughout the time we were here, but it was a lot less than
you would have heard at other times. so by and large, really does appear as though it's a lot more quiet than it u to be. the war of words continues even as the two sides are trying to find a way to get aid into the city. i was just at the road that aid is supposed to come down but still, of course, a lot of negotiations that need to happen between the u.s. and russia but then also between the rebels and the government forces as well, wolf. >> because we know there's a whole bunch of u.n. trucks, c conv convoys, with a lot of aid waiting to come in. why won't these rebel groups allow that aid into aleppo? >> well, you know, it's a really complicated situation. it's not just the rebel groups that are the problem. you have the rebel groups on the one hand that obviously have to give these trucks safe passage. they are to say you're allowed to go through the area and make sure the u.n. remains safe. otherwise it's impossible to send these trucks. the syrian government also has to give its permissions for these trucks to move.
there's apparently 40 trucks waiting on the border between turkey and syria. 20 of them ready to go immediately. packed with food. very badly needed here right now. unclear when those trucks are going to make it. there seem to be preparations for possible aid delivery in the city. >> the folks there, they need it desperately. fred pleitgen is on the scene for us in aleppo, fred, be careful over there, we'll stay in close touch with you, thank you very, very much. other news we're following, hillary clinton campaigning once again today, this, for the first time since doctors ordered her to rest and recover from pneumonia. where she is right now, her campaign's reaction to donald trump's economic promises he made today. hillary clinton's campaign press secretary standing by to join us. your insurance company
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hillary clinton's back on the campaign trail this hour. later making an appearance in north carolina after taking a few days off to recuperate from pneumonia. joining us now from new york to talk about the campaign, hillary for america campaign, press secretary ryan fallon. thank you very much for joining us. >> good afternoon, wolf, how are you? >> good, thank you.
we saw her come back, speak very briefly with reporters. she looked good, she sounded good. how's she feeling? is she completely recovered from pneumonia? >> she's feeling much better. think she's going to continue to take the anti-biotic per her doctor's orders. i think if she had her druthers, she would be back out there on monday but we all thought it was the best coarse of action to rest. she did watch president obama when he campaigned for her in pennsylvania. you know, we're spending these next few speeches that she's going to be making talking about her aspirational vision for the country. what stronger together really means. i think it's important we get beyond the day to day back and forth. i think by now people are starting to learn why donald trump is uniquely unfit to be president of the united states but we want to do more. we want to talk about what hillary clinton would focus in
on as president. that's what she'll talk about today. >> trump laid out his economic plan before the economic club of new york just a little while ago. among other things, he says he wants to establish a national goal of reaching 4% economic growth. he vowed to reach 3.5% annual economic growth but he also took a serious swipe at hillary clinton. listen to this. >> not one single idea she's got will create one net american job or create one new dollar of american wealth for our workers. the only thing she can offer is a welfare check. that's about it. >> okay, brian, your reaction. >> well, hillary clinton and tim kaine have literally written a book on how to get wages rising. they published an entire volume that laid out their plans on how
to get the economy growing for middle class households. it's called "stronger together" available for purchase on amazon.com and on the "new york times" best-seller list. donald trump's campaign has been devoid of policy until now and in typical donald trump fashion he's making it up as he goes along. the one consistent thing he saw on his speech is he doubled down on his tax proposal to lavish huge tax breaks on people like himself and big corporations. this is somebody in donald trump who wants to cut the estate tax, corporate taxes on corporate interests. it would be a huge tax cut for people like himself and his family. just the estate tax alone would save him approximately several billion dollars in terms of -- in inheritance he would pass on to his kids someday. this is trickle down economics on steroids, he has no plans to pay for these tax cuts. in fact, the middle amount of cuts that he announced today would cut to the bone very
important programs like food safety and still it doesn't come close to covering the cost of his extreme policy of tax cuts for the wealthy. he doubled down on that approach as he tried to give a makeover to his economic plans but he has no serious credible plans for how to get wages rising again in this country. hillary clinton and tim kaine do. >> a cbs/"new york times" poll out today shows this race is very tight right now among likely voters nationwide. take a look. hillary clinton and trump are tied with 42%. polls also this week shows that the key battle ground states like florida, ohio, nevada and iowa very, very close as well. why has this race tighten sod dramatically? >> well, there's no question, wolf, i won't dispute the idea that this race has tightened but this is the race we expected to run all along and in fact i think the effect you're seeing now, this tightening is something people probably expected to happen earlier in august. i think we had a very good convention bounce after our convention this summer and then if you recall what donald trump
went ahead and did was engage in a bunch of taunts and insults of people like the khan family and insulting gold star families led us to jump to an even more exaggerated lead in the national poll which is i think distorted people's outlook on the race. we always knew the race would be tight. that's what we've built our campaign for. that's why in states like florida and ohio we have more than 50 offices open in each of those two states alone. we have more than 300 offices open in the key battleground states. we'll have a voter registration drive continuing to go over these next few weeks so we get more voters registered to participate and, look, i think there's a good thing that can come out of these poll which is is that if any supporters of hillary clinton or those that are rejecting donald trump who are starting to at all take anything for granted i hope these polls serve as a wakeup call for them. we have to work hard in these next two months. this race will be close all the way to the end. >> brian fallon is the press secretary for the clinton campaign. thank you so much for joining us. >> thank you, wolf, for having
me. donald trump says it's time for a businessman of his caliber, not a politician, to be the president of the united states. but if he were in charge, what would the u.s. economy look like? some hypothetical numbers, trump's senior economic advisor is standing by. we'll discuss with him when we come back. then your rates go through the roof. perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you twenty-four seven. call for a free quote today. liberty stands with you™. liberty mutual insurance.
donald trump made lofty promises in his economic policy speech delivered in the past hour before the new york economic club, promises some experts say he will simply be unable to keep. trump today vowed that if elected the u.s. economy will see an average of 3.5% economic growth every year. that's a level that hasn't been reached in the past 12 years. trump also promises his plan will add 25 million jobs and he says all of this will be deficit-neutral. let's talk a bit more about his plan with one of the people behind it, trump's senior economic advisor is joining us from new york. david, thanks very much for joining us. >> hi, wolf, happy to be here. >> let's go through the critics just-released analysis by oxford economics estimates trump's policy would cost the u.s. $1
trillion over the next five years and cost four million jobs. i assume you've seen that analysis. your reaction? >> you know, i haven't looked at it, there are lots of economists around. a lot of people are simply against change. they're for the status quo and all of their clients are part of the status quo. they don't want to break out of it. i don't think there's too much to that kind of a study. >> on what basis do you think there could be at least 3.5%, he says 4%, maybe higher annual growth and he says he could do that for ten years. is that realistic at all? >> sure, that would be an average growth rate and the u.s. averaged 3.5% growth all the way from world war ii up through 2000. so that's the normal for the u.s. economy. somehow we've shifted and allowed people to say oh, no, we're not good enough, we should only grow 2% a year which is what we've been doing these last seven years so we have to break out of that mind-set and trump, i thought today, was very good
because he was optimistic, he was strong, and he set the right clear tone. you could really understand him and i think that's what's coming through to the public. >> trump says he wants to increase defense spending significantly, he doesn't want to touch social security or medicare, he's got other ideas to spend more money but he wants to cut taxes, waste, fraud and abuse. is that enough money to pay for all of this? >> you know, there's lots of ways to pay for it. one is cost cutting in the federal government. it's grown too big. but trump talked about the penny plan, the idea of cutting by 1% each year the spending and this way it's gradual and people can handle it within the federal government and holding harmless and not touching social security medicare, medicaid or the department. that gives you a billion dollars and then there is also a lot of
savings, a lot of growth, a lot of new revenues that come from regulatory reform. we're doing this big program for regulatory reform. i don't know if you heard trump say one of the first things he would do is dismiss the regulators because they haven't been doing the job well. that's a way to get the economy growing faster, creating jobs, the big ben fair area is the middle-class because -- and the lower incomes because they've been left out of this big boom that's happening in new york. >> you just heard the press secretary for the clinton campaign, brian fallon, saying trump wants to eliminate the estate tax and that would save him and his family potentially billions of dollars that could go for taxes. your reaction to that? >> i heard the guy on a little bit before. i was happy to hear him say how much they're spending in states where their polls are going down. the clinton campaign is spending
giant amounts of money and not really getting results. on the estate tax, trump would eliminate it. there are lots of beneficiaries but one of the big zest small businesses and people who are attiring to have an estate that uncle sam would want to tax. they have to hire a lawyer in case, just in case, they get rich they have to go and do a whole estate plan and that's really costly so the point of this is to simplify the tax code and remember trump said that there would be basis step up at death which means the untaxed capital gains in the economy now would begin to get taxed so it's actually going to bring in revenues. >> he would, though, if there were no estate tax, he would save atop of money, assuming he's worth $10 billion as he says he is, unfortunately we have to leave it on that note. david malpass is the senior
economic advisor. >> i'm not sure that's right. >> we'll continue this conversation down the road. appreciate it very much. >> nice to see you. that's it for me, thanks for watching. the news continues right now, right here on cnn. >> i'm brooke bald win, thank you for being with me. you're watching cnn very shortly we will see hillary clinton's comeback to the campaign trail after a couple days off, three to be precise as she has been back home in chappaqua recovering from her pneumonia. there she is embarking her plane in white plains headed to north carolina. we'll see her first rally live. meanwhile, donald trump laid out his plans for what he describes as an ailing economy -- millions of new jobs, major growth and