tv Washington Journal 12062018 CSPAN December 6, 2018 7:00am-10:01am EST
he lost his reelection bid in pennsylvania's 12th district. later, john garamendi of california on the democrats agenda as they prepare to take control of the house in january. ♪ good morning. it is thursday, december 6. meet brieflyset to and set to approve a two-week federal funding bill. it would stave off a partial government shutdown until midnight december 21 as negotiation's continue over funding over the border wall and with that deadline postponed, we want to turn that deadline -- to the topic of personal finances.
we want to know what impact the stock market swings have had on your financial situation. give us a call. we split our phone lines differently. if the stock market has had a major impact on your finances, 202-748-8000. if it has had a minor impact, 202-748-8001. if it has made no difference to you, 202-748-8002. if you are not in the stock market, 202-748-8003. you can also catch up with us on social media. on twitter it is @cspanwj. on facebook it is facebook.com/cspan. toery good thursday morning you. you can start calling in now. we will take your phone calls in just a second. for more discussion on the stock market and what has happened lately, we turn to heather long, the economics correspondent for the washington post. after two days ago when stock markets dropped nearly 800
points and after it was off yesterday in observance of the funeral of george h. w. bush, take us through what you will be looking for today at the opening bell. guest: it looks like it could be another rocky day for the markets. dow futures, the indication of where the market could open is currently pointing to an opening down 400 points. not as dramatic as tuesday. people were hoping there would be a rebound or stabilization. if we see another drop like that, that shows you the alarm, the concerns about trade and where the economy is headed in 2019 are still around. two of the things we're looking at early today, the trade --cern cap reef layered, re--- s have
huawei was arrested yesterday and that caused the markets to go in a downturn. we have been talking about something called an inverted yield curve and we see that this morning. that is usually a precursor to a recession. host: take it on the trade aspect and how much that latest news on the arrest you were talking about is likely to upset moreof what seemed like generous words on the trade situation between the united states and china when it comes to actually coming to a deal. guest: the chinese side is taking this as a huge personal affront. the chinese embassy in canada strongly protests these actions , a this company, huawei
technology and cell phone provider. i was in shanghai and this is one of their marquee companies like apple is to us. if there are implications this company is very much tied to the communist party in china. china is saying, we thought we just struck a deal and thought we had good relations with president trump and a handful of days later, you turn around and arrest one of our business leaders. host: you mentioned the yield curve. explain what that is and why it being inverted has set off alarm bells on wall street. guest: that is a great question. it's not the easiest thing to explain. i think a lot of us understand home mortgages and when you go to get a home mortgage, if you get a 30 year, you have to pay higher interest than if you get a 10 year one. you get a better deal doing the
short duration. it kind of works the same way in the bond market. normally we expect a higher yield, higher interest rate basically if you are going on a longer bond than if you are taking the shorter bond. when the yield curve inverts, the flipside happened. what we saw on monday and what we see again today is suddenly the two-year and the three-year bonds are yielding a little bit more than the five year bond. what this is telling us is that there is concerns about growth down the road. when you start to see people moving that bond yield down on the five-year and a lot of people are really watching the 10-year closely, although the 10-year has not inverted it. it has also come down sharply in the past few days.
flag, not aa yellow red alarm bell, but when this starts to happen, within about two years we see a recession. it is playing into the seam we we have been running in the post since october, the feeling the u.s. economy has peaked. you look around and say how are things going to get better from here? it looks like it is going to get worse. indicatorg economic coming out tomorrow, the november jobs report. what are the expectations for that report? guest: that is right. that might be what really stands the selloff, turns it around or stabilizes it when we see that data tomorrow morning. the john market has been the strongest point of this economy right now. stronginue to add very numbers of jobs every month. we have another expectation of
200,000 jobs being added in november after a stellar 250,000 in october. if we see a number around 200,000 or higher, that is a reality check and a reminder to may slows, the economy in 2019, but we are slowing from a place of strength and still growing above trend. @st: heather long, it is byhealtherlong. thank you for your time this morning. guest: thank you. host: expectations of another potentially down day on the stock market. we want to know how these swings --e impacted your personal if they have had a minor impact, 202-748-8001. if it has made no difference to you, 202-748-8002.
if you are not in the stock market, 202-748-8003. eric is up first from atlanta, georgia. good morning. caller: good morning, thank you. situation toerfect talk about president trump, -- president bush, the one that the died, when he critiqued republican economic agenda. this always happens when you cut taxes. when reagan cut taxes, we had to raise taxes again with the next president. taxes to cut taxes, raise again. when clinton got in office, we had to raise taxes. was is how the budget balanced. every time a republican get -- gets in office, it is not -- nothing but a sugar high. we end up in a deep recession, just about a depression.
we have a trillion dollar deficit coming up. all it does is help the rich, it never helps the poor. when a republican president gets in office, you cast out your 401(k). after the stock market goes up, it is going to crash. democrats bring the budget down and the deficit down and stabilize it. for republicans, this is a sugar high. host: you cashed out entirely from your 401(k) when donald trump came into office? caller: when donald trump came to office, yes. the stock market went up because of the tax cuts. anybody can cut taxes. what i am saying is anyone can cut taxes. it is simple. cut taxes when the stock market is good and when the stock
market is bad. it is like robin hood in reverse. they are taking money from poor people and giving it to the rich. in baltimore, maryland, good morning. caller: good morning. . am a teacher i invest, i look at my stock market statements. i know the president likes to talk the stock market is up and everyone is happy with 401(k), etc., as someone trying to work day to day and pay the bills and take care of my kills, the data day has not day impacted me the most because the cost of living has gone up from taxes to food, gas, you name it, pretty much everything we pay for has gone up. whether or not my 401(k) will have some money in it when i
retire, that makes no difference to my day to day life. host: christian in woodbridge, connecticut. caller: thank you for taking my call. if i could just point out a couple of observations i have about the stock market. i like to refer to the stock market as a wealth inequality index. the stock market has been in a series of bubbles since 2000. we had a big bubble. 2008 we had a bubble and now we have a huge bubble right now. the schiller p/e ratio is at its highest point. the only times it has been bubbleis during the .com in 1929. incredibly high. where does this come from?
theomes from central banks, federal reserve. they lower interest rates to zero and flood the market with liquidity. they had quantitative easing 1, 2, and 3. central banks have pumped $20 trillion into the markets. they are insanely overvalued. host: what do you do with your money? caller: we have a small amount in the stock market and i do not have enormous amounts of money. i just don't have a lot of money to put into the stock market. invested here. i like to invest in things like real estate, things i could hold and things i could touch instead of these markets that are not exactly transparent. the derivative situation
everybody complained about in 2008 did not go away. there are more derivatives than there have ever been. the federal reserve was the main reason for our crash and dodd frank gave the federal reserve more power. anybody who has been alive for the last 20 or 30 years and they are still in the market right now deserves to lose it all. took ahe washington post look at who actually owns stock in american households, looking at the numbers nationwide, only about 13.9% of american households own stock directly and another 35.4% own indirectly, for example through 401(k) accounts. 50.7% of households own no stock in america. the caller mentioned 2008 and the financial collapse.
gallup poll looking at young americans and whether they are investing in the stock market a decade after 2008. their recent report saying those younger americans are leery of investing their money in stocks. the stock market has climbed above precrash levels. the percentage of adults younger than 35 with money in the stock market stands at 37%, down from ranger people in that age in the two years leading up to the crash. with swings on the stock market, we want to know how they have impacted your finances. if it has -- had a major impact, 202-748-8000 is the number you can call. if it had a minor impact, 202-748-8001. if it has had no impact, 202-748-8002. if you are not in the stock market, we want to hear from you as well, 202-748-8003.
luther, west palm beach florida. go ahead. caller: simply, i think when you look at your 401(k) and what is happening with it, primarily because of the tariff situation, you have less available cash and even though it is retirement money, you say to your self, i better defer major purposes -- purchases. if this continues, we are going to find less major purchases and less cars being bought and less employment and things will turn around and the recession may well be coming. the approach to the tariff situation is extreme and needs to be moderated and republicans need to wake up and not just follow trump blindly. host: what would you suggest as we take a look at democrats taking control of one of the chambers of congress? -- because they
will be in the majority, i think they need to do what can be done within appropriate procedures in congress to limit this tariff war. nobody is gaining from it. we hear about what is happening to the farmers in the midwest and while at the same time, trump is attempting to throw money to the midwest. i understand their needs. if we stop at the beginning and somehow work with moderation on this situation, it would be better off. i would love to know the legality of the arrest this morning of the daughter of the huawei chinese company. it seems a little bit far out that we can arrest -- have her arrested and extradited because she has not supported the
iranian embargo crude i don't understand that. i think that needs more investigation and the chinese will react to that. host: the market is already reacting to that as we heard from heather long from the washington post. this from cnn business, the huawei's executive -- huawei executive's arrest sends shocks through the headline. this comes on the same morning we were seeing headlines on perhaps a brighter headline on trade. beijing -- the trade cease-fire could lead to lasting peace after a selloff exposed widespread investor fears a g20 deal lacked any substantive agreement. china's government said it was "confident a conference of agreement could be released before the tariff freeze expires in three months."
mr. trump hailed the "strong signals from beijing." that all before the arrest and what happened since then. robert in frostburg, maryland, you are next. caller: good morning, john. how are you doing? host: doing well. caller: seven times in our united states history, we have .ad these economic crises in 1873 under grant, we had the first great depression. in 1893, we had the second great depression and teddy roosevelt -- the industrialist bite 1896 -- carnegie,the vanderbilt, rockefeller, carnegie.- andrew then teddy roosevelt came with antitrust laws and the economy boomed again.
by 1929, the same thing happened and each of these times it happened is under the republican administration. in 1987, you had the recession under reagan. and 2008 and then 2007 we had the big meltdown again. each of these times it is under a republican administration. these corporate vultures suck money out of the economy and the american people have to pay for it. the thing is, what a lot of people don't know is this is what gave hitler the rise to power in 1929. he predicted accurately we would have this economic breakdown in get 2%d he was able to of the votes in germany before that happened and after it happened, he was considered to
be a genius and it elevated his status prayed every time he greeted people to take control of the economy -- these greedy people take control of the economy, we have these problems. caller: good morning. i am on disability. i hadst economic crisis, to go in a group home because even though i tried to live independently, the economy doesn't affect me because i barely can afford rent as it is. my family survived the great depression. we were a farm family. the rent is not affordable, they are region to refining and the problem is the fed and i find there is no difference between democrats and republicans and how they deal with this, they are making the problem worse. i just get by each day and struggle with my disability.
i don't make enough money to be impacted by the stock market. i am concerned about, can i afford rent? .uckily, there are services that is my concern because there are more people becoming homeless and more people with disability and they don't have a plan -- we need a plan on how to deal with that. host: thank you for sharing your situation. barbara in california and says the stock market swings have made a major impact on her finances. go ahead. caller: hello. tariffstely feel the tooting andas been -- down our throats not only is hurting the stock market, but also hurting us on the other
side, the consumer goods. --ave a small for of to be 9( i inherited when my husband pastb0 -- small 402(b ) i inherited when my husband passed. been decreasing, which affects me every year. everyone that i know is suffering. there has got to be some common to how these wild tweets can affect our market so radically up and down. everything is overpriced, the giftax cuts were namely a
to the wealthy and little income is disappearing. it is very sad. this country was actually built on more than middle income, as we know it today. that is what i have to say. host: helene owens in the washington post with a column "it is trump's market now." president is in a box of his own making. he took credit for 2016 stock market gains. "working on trade deals that will be great for the u.s. and workers." i predicted this would not end well for trump. "should the american economy or market make a -- hit a rough -- gettrump will be stuck holding the bag."
while predicting what causes gyrations in the stock market is not a science, most observers think the culprit is obvious, belligerent talk about trade could trigger a trade war and recession in the united states. jake, annapolis, maryland said the stock market had a minor impact on his finances. caller: how are you doing this morning? host: doing well. caller: good. i want to address something i sent -- think callers have brought up. if you are interested in the stock market and it crashes, that is a buying opportunity, take out youro investment. you lose that value and you lose on all the compound interest over time you would have accumulated. if you are thinking the market is going down, i lost my money, look at the long-term trend and what the stock market has done throughout history.
beeneneral trend has upward around anywhere from 7% to 8%. if you keep your money in and have extra cash to invest when stocks are cheaper, you will be much better in the long run. i have been investing since i was 15, $50 a month is all i could swing as a teenager and i have been able to increase that since i was working. i have already got over $100,000 saved in the areas investments in the stock market. if you are thinking there is no way for me to get in the stock market, there absolutely is. there are apps on your phone like robin hood, it is easier than ever to get invested. you just need to devote yourself to setting aside a small amount every month so you invest consistently matter whether the market is up or down. host: what kind of work do you
do? caller: i am a consultant and i do environmental risk assessment. in california said that swings have had a major impact on his finances. caller: hi, thank you for taking my call. grossted saving 10% of my putting into savings, i am 59 so i use neutral funds when i was younger and it kept compounding. i had to leave the funds when the markets were way down to buy because as warren buffett said, if you think something is a good why wouldn't it be a great buy at $75? i retired at 55. i still wonder when i see a --ch of people in starbucks people spending money on fast
asideif you have not set 10% of your gross every year in savings, what are you doing spending on things like a five dollar cup of coffee? a lifetime living within my means and retired at 55 very comfortably. host: who taught you your sort of financial sense? where did you learn it from? caller: i think it is the way i was raised. i also found it interesting that -- i remember my father told me -- i was working while i was in college and he told me to put money in an ira when i was 20 years old. i think it is the way i was raised. host: robert a marilyn said the swings made no difference to him. go ahead. caller: when you talk about the stock market, the stock market is at the max. you never buy anything high.
i don't know what kind of financial advice people are getting. you would not buy stocks at the top, like the gentleman told you earlier, if they fall, that is how you make money. this market has been blown up by the fed and quantitative easing. if you are going to base the economy on the stock market, the stock market has already blown up as high as it is going to go. ,hen you talk about tariffs people have to understand one thing. in business, things are cost effective or not. trump is making it cost-effective for these companies to bring these jobs back to the united states. he is penalizing these companies for moving these jobs and products overseas. for thesesmart move companies to bring that work and higher american companies.
people who don't understand that and thirdly, you are so transparent. what you are trying to do is wantyou did with bush, you to talk down the economy and the stock market because we have an election in two years. that is what you are sitting here doing and don't even know what you are talking about. host: appreciate the call, robert treat we just want to hear about your finances and what is happening with them because of the recent swing. if the stock market has had a major impact on your finances, it is 202-748-8000. if they had a minor impact, it is 202-748-8001. if they made no difference, 202-748-8002. if you are not in the stock market, 202-748-8003. more of your phone calls in just a minute. 7:30 on theching east coast and we will continue to spend part of today, most of today saying goodbye to america's 41st president.
here are the headlines from yesterday's lying in state and state funeral. "hail and farewell" is the front page of the wall street journal. man."at, noble the state funeral was held yesterday and here are some of the remarks at the funeral. president george w. bush eulogizing his father yesterday. [video clip] >> dad taught me another special lesson, he showed me what it means to be a president who acts with love in his heart for the citizens of our country. when history books are written, they will say george h. w. bush was a great president of the united states, a diplomat of unmatched skill, a commander in chief of fermentable -- formid able accomplishment.
in his inaugural address, the 41st president of the united states said this, we cannot hope only to leave our children a bigger car, a bigger bank account, we must hope to give them a sense of what it means to be a loyal friend, loving parent, a citizen who leaves his home and neighborhood and town better than he found it. what do we want the men and women that work with us to say when we are no longer there? that we were more driven to succeed than anyone around us or that we stopped to ask if a sick child had gotten better and spent a moment to trade a word of friendship. we will remember you for exactly that and much more and we will miss you. your decency, sincerity and kind of soul will stay with us forever. through our tears, let us know the blessings of knowing and loving you, a great and noble
man. the best father a son or daughter could have. knowingrief, i smile dad is hugging robin and holding mom's hand again. host: in more remarks throughout the state funeral, we want to tell you the schedule today as events shift to houston and college station, texas. we will be showing you the funeral at saint martin's church in houston and the casket carrying the body of the president will be taken by train to college station, texas for a burial at the presidential -- there is a shot of saint martin's in houston where the president is lying in repose, has been there overnight.
morning.our calls this we are talking about your personal finances this morning in the wake of eligibility on the stock market. if that volatility has had a major difference, minor difference, no difference or if you are not involved in the stock market, we have phone lines for all of you. here is a few more of the about stocks and what has been happening over the past two days from the wall street journal. -- initialff fix -- over a trade between the u.s. and china faded and concerns about growth in the united states continued to resurface. tightening rate fears return to haunt investors. the story noting last week the u.s. stock market had its best weekly performance since 2011.
what happened on tuesday caused growing concerns and the story ating tomorrow's data will be key indicator. back to your calls, gary in orchard park, new york, go ahead. are you with us? missouri, to tom in not in the stock market. tom.r: this is this is the way i see it. kudos to president bush's brothers and how they handled the wake and everything. it was wonderful. people missed the big picture. i heard everybody talking about democrats and republicans. you have house, senate,
judiciary and the presidency. these are supposed to be different parts of government and keep checks and balance on everybody. what people don't realize is with the federal reserve system, you have an entity that sets -- 6 people decide what your interest rate will be and it is like a crime or anything else, you follow the money. i am a libertarian, i will admit it or read it is not controlled and people just don't see the forest through the trees. host: do you see any interest in congress in trying to rein in the fed more? caller: sure. the federal reserve is out of control. i guarantee in five years, you
will be able to use dollar bills as toilet paper. they print too much money. host: how do you plan for the future? great financial wizard, but i see the forest through the trees. i have social security and a pension from ups at this point. host: that is tom in missouri. this is tim in arlington heights. says the stock market has had a major impact. go ahead. caller: i retired from the postal service 11 years ago. 2 years ago i put my money -- i still have the thrift savings plan, the 401k and since bush maden two years ago, i $27,000. i think he is pretty good for the stock market. host: andrew, rochester, new york. go ahead. caller: it is great. it just keeps going up.
it is a rough ride, but you stay in. you will do fine. it has been going up since 1923. poor people invest in lottery tickets and people that are going to make it invest in the stock market, it is that simple. the lottery tickets is a very bad investment and people that live in nice neighborhoods do not have lottery ticket stubs in their back pocket, they have little statements from the row price or whatever they are into. the stock market is going to make it because the principle of investing is a good principle. jesus christ even talked about it in the scriptures. it has been going on for a long time, stocks have been going up since 1923.
we have bumps in the road, you just ride it out. host: before you go, where did jesus christ talk about it in the scriptures? caller: where? -- verses.e first many times he talked about the principles of investing. there are lots of principles in the bible about how to handle money. rochester, new york. a few comments from twitter as we have been having this conversation. jim says i am a long-term investor prepared for the ups and downs of the market. if i have concerns, will the luxury stop spending on -- wealthy stop spending on luxury items? the impact on my finances are the bills and taxes owed to support my family. how about reducing local county, state, and federal taxes so i can invest. eric saying my 401k graph looks
like a horrible roller coaster ride, annual percentage rate dropped by 16%. we are hearing from you. inne lines, if the shifts the stock market has had a major impact, 202-748-8000. if they have had a minor impact, it is 202-748-8001. if they have had no impact, 202-748-8002. if you are not in the stock market, it is 202-748-8003. you can continue to call and join in as we hear from iris in michigan. good morning. caller: good morning. i am calling because i just don't feel people are too .ducated often what they do with their money, they earn it and give it away to people they are supporting and they invest for you. better you would do stuffing your money under the
buying something that you could hold in your hand and there is an actual value. people are not being taught finance anymore and they are losing their shirt, but you are holding it over to strangers who are making their money and they invest it. host: where should we be teaching finance? in schools, in our homes? caller: you start the day you are born watching what is being put on your table. food is important. it is important to have food over your head and having something substantial you can actually say is mine, people rent everything and hand their money over to strangers. asurance companies are making fortune and they bargain with you to give your money back or
pay your bills for you. it should be taught from the day you are born until the day you die. the stark market was at a reasonable level and you put your money in, you understood what it was doing and now you just handed out because we are not teaching our children the value -- not of money, but of what money can buy. .t is very simplistic we have complicated everything and people are spending too much time on their little instruments they can hold in the palm of their hand going on the internet. yourbooks, listen, keep ears open and your eyes and be cautious what you have. you may not have it again. host: iris' advice this morning. week -- we put up a poll asking about the impact of the stock
market volatility on your finances. most people are saying they are not in the stock market. some 27% saying it made a minor difference and 23% saying it made a minor difference. 20% saying it made no difference. you can join the conversation in the poll @cspanwj. as we hear from steve, madison, nebraska. caller: good morning. i want to say the stock market is more of a perception. it is psychology, the psychology of the market. right now, the psychology is negative. we have to do something about wto, getting them to play fairly. if we don't, what kind of legacy are we leaving our children? whiny a bunch of cry baby
baby boomers that cannot learn how to think about the future and when they say time is money, time is money. if you have no money, look how you are spending your time. it is a matter of perception and if we don't do something now, what does the future hold in store because china has to learn how to compete fairly. that is pretty much all i have to say. host: more on what china would be doing if that deal does come together. some concern about that in the wake of the arrest of the chinese executive late yesterday. this is the story in the wall street journal about what china said it was doing when it comes to that deal, beginning to flush out the details of that tariff truce with the united states. acknowledged beijing agreed to the 90 day cease-fire to allow
negotiation's to take place. the ministry said they have a clear timetable and roadmap and china aims to quickly implement an agreed-upon consensus. government agencies and the supreme court announced punishment for infringing on intellectual property. together, the moves begin to fill in beijing's understand -- understanding of the agreement between president trump and xi jinping. time wei think some realize we don't understand how the stock market works. the stock market only works for those with a large amount of stock because they are constantly trading. 401(k) stays in there for years and you make 5%. i think this thing with the tariff, i think we are misrepresenting the facts. americans need to take control.
the first thing we do is we buy foreign goods. the purpose of a tariff is to make american goods more competitive so americans can buy american goods and the money can come back into factories. it is not the president's fault, it is our fault by relying on foreign-made goods. we need to start dying american-made goods. i think a lot of us are forgetting that fact. as aoes that benefit us whole? how does it benefit as when we closingar manufacturer up shop? we need to buy american-made toducts and put americans
work. it is not the president, it is responsibility to take care of americans. host: scott paul will be here to talk about -- stick around for that conversation. in gainesville, virginia, go ahead. c-span.hi, good morning. thank you for c-span. here is my take on the stock market, basically. the stock market is the heart of capitalism. it generates so much wealth for companies that go public so they can grow bigger and larger and economy.u.s. economy
at the same time, it is a big -- as well. every corner, they need to keep up with the expectations of earnings. company keep -- companies keep cutting cost and that means they are cutting labor. this is one of the reasons why the larger companies get, they more they tend to -- of both. do a bit you are able to make money in the long run. -- sophisticated software. take money through your computer screen every day. you make some money and in the long run, it is a gamble. like netflixhaps or a tech company like apple or
microsoft. it is a gamble. the reason the market is jumping up and down is the trade war between china and the u.s. donald trump coming to power brought the market up because there was euphoria about trump being helpful to corporations. that is the only reason the market is high. every day workers are still juggling two jobs to make ends meet. it only works for the very rich crowd. host: we have about 10 minutes left to talk about the market jumping up and down. we are asking about the impact on your personal finances predicted has had a major impact, 202-748-8000. if it has had a minor impact, 202-748-8001. if it has had no impact, 202-748-8002. if you are not in the stock market, 202-748-8003. more of your phone calls in just
a minute. yesterday on this program we spend the first hour talking about the future of the u.s.-saudi relationship in the wake of the murder of journalist jamal khashoggi. this story in today's washington ambassador arabia's to the united states returned to washington for the first time since the killing of jamal khashoggi. of the lead, the younger brother of the crown prince -- dignitaries gathered for the funeral of former president george h. w. bush. it is not clear if he would resume his duties as the kingdom's ambassador in washington. khalid abruptly left washington in october as lawmakers called on the kingdom to straighten out one other story getting attention, the lead story from the post and several other papers, global emissions of
global -- carbon dioxide reaching the highest levels on record according to scientists with a report out. between 2014 and 2016, emissions remained flat. 1.6%, thessions were rise in 20 is projected to be 2.7% driven by a nearly 5% growth in emissions in china and 6% in india and growth in many other nations. emissions in the united states drew 2.5% while those in the european union declined by just under 1%. in today's usa today, the lead editorial is about this topic saying to save the planet, create an nra style super lobby when it comes to the climate. if you want to read the editorial board, that is in today's paper.
jason in arnold, maryland, not in the stock market. go ahead. in the stocke been market -- the stock market does play with us and how much money we can make an cannot make. ofare making tons advertising. at first, it dried up. the same thing happened with the housing industry. of the stock market crashed through the housing industry. been writing this wave of down for the last couple of years. this affects how much people buy for their companies and how much growth they have an affects our business a lot. host: thank you for the call. steve in california, go ahead. caller: good morning. i called in on the no impact line because i am invested
through an ira and i haven't started to draw from it yet. the main point i wanted to make is people, as they get closer to retirement, should have less invested in the stock market and more invested in safer money marketuch as , treasury bonds or things like that that don't fluctuate with the stock market. when you are young and you can withstand these ups and downs, that is the time to be heavily invested in the stock market and how you protect yourself against these ups and downs, reducing that risk as you get closer to retirement. host: this is a snapshot of the ups and downs. on can see that sharp turn
thursday and as we heard expectations of large drops. randy in wisconsin, good morning, not in the stock market. caller: good morning, john. the guy from georgia i think is spot on. buy american. i used to be in the stock market many, many years ago and then i -- ded . got out of it i watched the real estate market and got back into real estate and did very well. the psychological part of the stock market is put your money in. for all your life, you have that money in the stock market and when you get older, you don't want to take that money out youuse you worked so hard,
don't want to take it out. you figure you will go broke and take that money for something and the next thing you know, they are throwing dirt on you and someone else is using your money. use your money today, go to the casino and have some fun with your money. host: out to new mexico, truth or consequences, new mexico, jorge is waiting period -- is waiting. caller: citizens united are people, they are international and voting and affecting our elections. regulations that affect corporations like laws affect citizens and they are doing away with the laws for corporations, but imprisoning all the citizens. thank you very much. host: michael in ohio is next.
good morning. caller: this is mike johnson in springfield. my dad is in the market, i am not. in the last nine years, he lost a lot of money. host: because why? that isbecause of all the up and down in the market. i don't understand it myself. i keep up with it all the time. host: that is michael in ohio. time for a few more calls if you want to join in the conversation . the november jobs report will come out tomorrow, a key economic indicator in this country. here is information about global jobs. a new report about global unemployment. it has fallen to its lowest level in almost 40 years, a breakthrough economists attribute the changes including flexible working practices, low
interest rates. 5.2% in september, the lowest level since 5% in 1980 according , the analysis by ubs investment bank. the survey covered 48 emerging economies which accounted for 84% of global output. polish unemployment humbled from 6.1% with similar falls in croatia and slovakia. the decline in the figures is largely due to the sharp falls in unemployment in other industrialized countries, the u.s., germany, u.k., ireland. that story is in the financial times. doug is waiting in sebastian, florida. it says the recent stock market changes have made no difference. how so. caller: no difference at all.
host: are you invested at all? caller: no, i am not. i am a retired new york city firemen. i will tell you a quick story. when i was younger, i was a glazer as a profession and making a lot of money. i actually was making more money than my father was as a fireman. my father came in one day and goes, look, i know you are doing very well now. i signed you up for the fire department test. you can take it or you don't have to take it. the option is there. and got onk the test the job and took a beating. i lost a lot of money. my starting pay was $23,000 at that time. my glazerence between
er, which was making a lot of money, and the fire department was the benefits. unfortunately, i was in a collapse and put out on disability. if you have a good job with a good pension, good benefits and stuff, you don't need the stock market. that is the way i feel. thank you very much for your call. host: would you make the same decision today if you had that choice for your career path? caller: two be honest with you, i doubt it. the job has changed so much. act when i was a fireman and i say fireman because i was hired through the fireman test. it has changed so much but i still love the job and the members, the brothers. it is a brotherhood. you live together, you have --
you die together. host: what has changed about it? caller: i believe -- i don't know. i am out of it 20 years now. the camaraderie is there, but i don't think it is as tight as it used to be. i am out 20 years. just from what i hear. i have two other brothers that were firemen and two others that were cops. one of my brothers, one of the in 9/11.killed and 40 guys i used to work with. i am sorry. that is about it. host: thank you for the call from florida. ron in virginia, last caller in this segment. go ahead. caller: good morning. host: go ahead. caller: i think it is important
that kind of stock you purchase. i purchased dominion -- at one point it was called dominion resources and if you use what they call drips, dividend reinvestment, you find you can putreinvestment you can find tht you can put in a block of money and it starts to pay for itself. it will start to grow. in using stock, it should not be like a bank account for a person would sit around and watch tv and every time to is an up or down you start making changes. ifnvestment is the way to go you can find companies that offer that kind of stock. the impact on me has been more newecause i put money and. -- new money in. it starts to grow and makes earnings based on the dividends. quantity and value
continues to grow. host: what kind of work do you do? caller: i am now retired from the military and as a civil servant. host: thanks for that call. the last caller. up next we are joined by scott paul from the alliance for american manufacturing to talk about gm job cuts. later, we will speak without going representative keith rothfus of pennsylvania about the new congress and what is next for the gop after the 2018 midterms. first, the national cathedral yesterday for the state funeral of the late president george h.w. bush. here is more from his sun and former president george w. bush. [video] president bush: dad could relate
to people from all walks of life. devalued character over pedigree -- he valued character over pedigree, and he was no senate. he looked for the good in each person and usually found it. dad taught us public service is noble and necessary. that one conservative integrity and hold true to the important values like faith in family. he strongly believed it was important to give back to the community and country in which one lived. he recognized serving others enriched the giver's soul. was the brightest of a thousand points of light. in victory he shared credit. when he lost he shouldered the blame. he accepted failure is a part of living a full life. but taught us never to be defined by failure. he showed us how setbacks can
strengthen. none of his disappointments could compare with one of life's greatest tragedies, the loss of a young child. too young.ere later that dad, a man of quiet faith, pray for her daily. he was sustained by the love of the almighty and the real and enduring love of our mom. dad always believed one day he would hug his precious robin again. he loved to laugh. especially at himself. needle, butse and never out of malice. be placed great value on a good joke. -- he placed great value on a joke. that is why he chose simpson to speak. [laughter]
on email he had a circle of friends where he received the latest jokes. is grading system for the quality of the joke was classic george bush. sevens and eights are usually off-color. he nurtured and honored his many friendships with a generous and giving sole. -- soul. there exists thousands of handwritten notes thanking his friends and acquaintances. he had an enormous capacity to give of himself. many a person would tell you that became a mentor and a father figure in her life -- their life. he was their friend. hoades, jimdon r
nance, arnold schwarzenegger, and the many definitive -- and the man who defeated him, bill clinton. >> washington journal continues. served ast paul president for the lights of american manufacturing. he joins us 10 days after gm announced they were cutting nearly 15,000 jobs. i want to talk about that but also about the news this week about the u.s.-china trade deal, something you have been following closely in the wake of the back-and-forth and arrest yesterday of that key chinese tech executive. were the chances this deal will come together? guest: that's a great question. we have about 20 years of built up grievances with china, extended over a couple of administrations. the latest rounds focused on
intellectual property and that size of the trade deficit. it is hard to imagine solving all those issues in 90 days when we have not been able to do it over the course of three decades of a serious trade relationship. bob lighthizer, it was been appointed to head up these talks, really has his work cut out for him. i think a couple of things you youioned on top of this have the action where canadian authorities extradited to the feng, the chief executive officer of a key chinese telecom company and what have serious national security concerns around. that will escalate the tensions a little bit. you also have conflicting stories about what was actually agreed to. that are entirely different versions coming out from china
and from the u.s. government about what the path forward should be. i would like to hope we can make progress. what i hope doesn't happen is we sign a piece of paper saying we will revisit this in a couple of years because we know what has happened when we tried that. we have not make progress at all. host: what is the role of the alliance in this? are you talking to the white house about your concerns? guest: we are talking with the agencies, the white house about what some of our challenges are with respect to china. some of them are related to steel. that is being addressed through section 232 tariffs. some related intellectual property. there has been theft and trade secrets stolen. there was a justice department indictment handed down a few years ago in western pennsylvania related to chinese military operatives stealing
officers -- officers stealing secrets from our trade holders. jobs --lost billions of billions upon billions of dollars in intellectual property. a couple of million manufacturing jobs because of this imbalanced relationship and the trade barriers we face. host: who are your stakeholders? guest: we are a partnership between united steelworkers union, america's largest industrial union, and several domestic manufacturers. mostly in the steel sector. we look at the domestic operations of american manufacturing and how we can keep those imperative and what role does policy play in keeping those. host: we brought up the gm job layoffs announced last week. some 15,000 factory and white-collar jobs. andaid if the president
congress are serious about supporting factory workers, find a way to avoid these layoffs. how can the government over the layoffs? guest: there are a couple of short-term things and longer-term things that are more challenging. one of the things i think works reasonably well when we had the last downturn in the auto sector was at the forefront of that producens to retool and vehicles that were in demand. that helped to bridge some of the difficulties with the auto industry. when people say we don't want giving -- want the government giving subsidies to companies, everybody does it. everyone is invested in the success of their manufacturing industries. we stand alone as this adam smith philosophy driven nation
where we are reluctant to do that on the federal level. on the state level we do it all the time. foxconn and wisconsin. -- in wisconsin. host: has it not worked out for us so far? guest: we are losing market share. an manufacture a lot of goods but we are losing global market share. our export performance is poor compared to where it was two or three decades ago. we have not grown our industry. we have lost more manufacturing jobs per capita than other industrialized nations. it is not just robots in technology. part of it is policy and part of it is, do we have a manufacturing strategy? rhetorical question. the answer is no, that we need one. longer-term this is something we will have to reckon with. our companies are so german by quarterly earnings they loose
sight of what makes them sustainable over the long run. theyu saw with gm, announced 15,000 job cuts. the stock price goes up. there is something very perverse about the incentives that are built into the system. i'm not saying we throw it out but there are ways to mitigate that. oning worker representatives the corporate boards is something done in germany and other countries. i think that could work well in the united states. host: phone lines if you want to join the conversation with scott paul, it (202) 748-8000 if you work in manufacturing. your concerns. all of this can join at (202) 748-8001. you can start calling in now. we want to talk about the gm cuts. yesterday members of congress from ohio met about those cuts, expressing their concerns. this was a video released by
sharad brown's office, him talking with a senator about what they thought. [video] >> i spoke with president trump about this issue. he is committed to helping us. [indiscernible] we are trying everything we can to ensure the workers get the -- wet they deserve now are not asking for charity. we are asking to give the community and the workforce the opportunity. they are looking for ways to help these workers that lost jobs to work in other gm plants around the country. that number is finite. the work on it is ongoing. people want to stay in the and at this plant they
have been at for the last 53 years. we will continue to ask her to find a way, whether it is bringing production to mexico or building the electric vehicle there. they have this community. they had a threat like this 10 years ago. they fought back. we stand for the community to get something in this plant and keep these hundreds or thousands of gm workers employed. host: scott paul? guest: i think they made very good points. i think it is important to understand what would happen to youngstown and this community if the plants does go away. it would be devastating. we have seen it shown up in social indicators and this is pretty grim.
depths of despair, divorce rates, never recovering income. there has been lots of social science research about what happens when a plant closes. you want to try to avoid at all costs. will it be possible/ i think the answer -- will it be possible? i think the answer is yes. i think they will play a key role in determining the fate of this plant. i think senator brown is right. there are a number of new platforms that general motors is contemplating entering or is the process of entering in electric vehicles, alternative fuel vehicles, autonomous vehicles. the folks at lordstown nobody make these well. they have adjusted and gone through one model to another and done it quite successfully. the company ought to be investing in them. this goes back to shareholders.
it seems like gm is putting the interests of its shareholders way far ahead of its stakeholders, is communities and its workers. there has to be more balanced to that. host: that complex in lordstown looking to lose around 1600 jobs. it opened in 1966. we will start in ohio. tom is up from findlay, ohio. caller: good morning. thank you for c-span. my comment, and this is a shout out to sherrod brown -- i'm a retiree. we build dishwashers here. sherrod brown was at the forefront of addressing imports, washers and dryers brought into the united states and sold
unfairly cheap -- i want to give him a shout out for that. this is the second question. if an american company takes a product line to china or mexico to manufacture it -- an example is hershey who bought york peppermint patties and made them in mexico. i'm wondering if there could be deterrent on those products to stop manufacturers from taking these brand names overseas. guest: that is a great question by tom in ohio. i own a whirlpool dishwasher made in america. it is high-quality. thank you for all your work in making those. of tariffave any sort policy now where if the product was made -- once made in the
u.s. but is coming from overseas that it would be taxed. the president has tweeted about that a lot. he has tweeted but we don't have a policy yet. one of the things that senator brown and others support is a that would notaw allow companies to write off the expenses of essentially moving operations overseas. penaltyld impose some on them as well. there are a number of democrats who have been pushing this legislation. i would not be surprised to see this show up in the new congress. obviously in the senate it would be hard to get it passed given the makeup, but in the house it is certainly something to keep an eye on. host: dan, good morning. caller: hello. i would like to ask about all the promises manufacturing and government has made to us from the 1970's on.
like if we decrease the population is we don't want to get a billion people here, or we and get computers but -- robots but you are working a three-day job in making more money. i remember all of these things. what the heck happened? i would like to know. guest: dan is making a good point. there is a lot of alarmism and this receptions about the future of manufacturing for the past couple of decades. one of them is that robots would eat all the jobs. you can find that in the literature from the 1950's and 1960's. you have seen some technologies that have changed the nature of products,e invent new we increase our market share, we increase our output. there are other ways to mitigate that. some countries, and i think this is an important thing, are
looking at the next wave of technology and saying this will be different. the truth is no one really knows at this point what it is going to be like for manufacturing workers. we should have economic policies that are much more flexible and nimble, particularly a safety net we provide workers that are displaced. the type of either upscaling on and technicaleer information we are providing in addition to four-year college degrees. importantt is really in positioning us for the future. there is no substitute for a competitiveness policy. ourmanufacturing -- manufacturing competes more than any other sector except maybe agriculture for market share around the world. this is something where i think the president is right to be renegotiating agreements, taking
a tougher line with china. i may disagree on some of the tactics. i agree with others. we have to get in there because we haven't losing that market share because of this kind of hands-off policy. host: would you say at this point the president's trade wars are bringing manufacturing jobs back to the united states? the tradeon't know if actions are but there are a lot of manufacturing jobs that have been added. we have seen steady manufacturing job growth since 2010. this is important because there are people that say manufacturing jobs are not coming back. let's focus on services. we will all be computer programmers, and we will take the additional day off as the caller suggested. the truth is we have seen the longest, steadiest period of job growth since the 1960's.
that is remarkable to thank in the 21st century -- think and the 21st century it is possible. we have been developing energy and we have manufacturing processes around that. part of that has been we have been a little more competitive. steel sector the you have seen new investment in steel facilities and alumina facilities in at least a dozen states since the tariffs were announced. that is having some impact on that sector. host: james works in manufacturing in tom's river, new jersey. caller: good morning john, good morning scott. some facts here. we have a representative in government. i voted for the house of representatives. i vote for a senator and i vote for president. rossi don't understand is
perot debated bill clinton about nafta on larry king live. nafta, if they passed the companies will leave in waves.that is just what happened . them voted against it. eric sanders is one of them. i'm not sure about elizabeth warren. i know she voted against it. they are supposed to represent our best interests, this doesn't make any sense. they cut the american worker's throat. they let these companies go overseas. so why did they pass nafta? prospero told the truth. bill clinton lied. this was george bush the father's idea. bill and hillary picked up on it. they loved it. he paid for it and they got it through. paul?scott
guest: james is talking about nafta which is timely because we have the nafta 2.0 or the usmca. less rewind quickly because the idea of a free trade agreement with a country like mexico was a grand experiment. we had never done that before. say theit is free to experiment fell short. there were a number of workers displaced. the bigger impact was the depressed manufacturing wages in the united states because of the very low manufacturing wages in mexico. now, and i'mfor me glad james mentioned some of the democrats here because they were about 100 democrats who supported the north american free trade agreement in 1993 when it passed and president clinton was the president. -- playl pay very keep very key roles in what happens next.
the choices are still unclear. one choice may be the president signals he will withdraw from the existing nafta, which would probably cause a market disruption, i think, and put the pressure on congress to pass this usmca. a lot of democrats are looking at the new agreement with mexico and saying, is it strong enough on workers rights? is it going to prevent the type of outsourcing we're seeing gm do with the chevy blazer moving to mexico? i think those are unanswered questions until some of the politicians that james was talking about play a key role in the state of this moving at. host: what is the alliance telling politicians? guest: we need more information right now. i have been around these trade deals long enough to know the agreement is one thing.
what is presented to the congress is an additional thing. we have been counseling the congress to look very closely at the automotive origin. if you want terrified and free treatment to sell an automobile tariff-freerica -- treatment to sell an automobile in north america, it has to come from america. and to look at the wage requirements and look to see if the mexican labor law changes will really bring up wages in mexico. all of that would make a difference. those are unanswered questions. i think democrats should also and for some investments things that would help workers in the united states directly like infrastructure or workforce training. host: donald is waiting. works in manufacturing. what kind of work do you do? caller: i am retired.
i am a retired worker. i used to live in flint, michigan. the devastation of general motors leaving the community. is reagan and bush destroyed the middle class with destroying the unions and creating nafta. the last guy stole my thunder. i agree 100% for the last of him and -- with the last gentleman. if you employed an american citizen and pay him a good wage, he pays taxes, he buys products, he buys new cars. both sides, democrats and republicans, need to stop screwing with the american people. is a shame. that bless america and have a great day. -- it is a shame.
god bless america and have a great day. guest: flight suffered unbelievable job -- flint suffered unbelievable job loss. bornecturing workers have a disproportionate share of the economic pain of the united states over the last several decades. balance between capital and labor has made a big difference as well. almost uniquely have a terrible safety net for people who lose their jobs or are in transition. we lost one out of every three manufacturing jobs in the first decade of the century from 2000 0 2009. even worse than it was during the great depression for manufacturing. the question is, is that the
fate we are resigned to? president trump invokes this nostalgia. we are going to bring back these jobs. i'm a manufacturing booster. i think that's entirely possible, to bring back the manufacturing sector like it was in the 1950's or 1960's. that doesn't mean we can't have a 21st century manufacturing sector where we are the world's leaders in not only inventing things like the iphone but also making it here, or autonomous vehicles or other things with respect to clean energy. we should be on the cutting edge of that. public policy plays a key role. that is one of the messages we deliver to the congress. host: richard from brooklyn, good morning. caller: hi. thank you for taking my call. i think trump's policies will
help us make our economy better. i saw somepolicy -- theyan activities don't like trump's foreign policy. they just want to support saudi arabia for making our economy better. -- thank you. host: we only have about a minute left. lorentzen washington, d.c. -- lawrence in washington, d.c. caller: good morning. i have a question on the political dealings with this issue. mcconnell'ses mitch
isationship -- his wife, who i believe in the trump would likeion -- i to know because mitch mcconnell has a tendency behind-the-scenes working things. we never hear about it. has histhe belief he hand in that. i do know that his wife is of chinese origin. the first thing he did when he got in, he held that first meeting in florida with the chinese diplomats. host: got your point. on mitch mcconnell? --st: there is a lot of there are a number of senators and hours of congress who have been wrong on china policy for a long time. i will candidly say i don't think the origin of their
spouses or families probably has a lot to do with it. i can think of examples of folks of chinese descent who are very -- to push back a lot against aging as well. there is -- who push back against beijing as well. we have seen a change in the congress and perhaps the president has driven a little bit of that where you have senators who had been totally free trade with china like marco rubio who are now taking another look at this. this is having devastating impacts on the united states. that the scenario where you might see house democrats and senate republicans and the administration able to work together. from thett paul alliance for american manufacturing. americanmanufacturing.org. thank you for your time. up next we are joined by republican representative keith rothfus of pennsylvania to take a look at the lessons republicans can take from the midterm elections.
later, democratic commerce been john about the -- john garamendi. moore from yesterday's state funeral from the national cathedral. spoke about his friend, george h.w. bush. [video] >> history books are treating him more fairly while uncovering some other powerful traits. is great competitiveness. his raw courage and self-discipline. recall the andrew's airbase conclave for congressional participants drafted a remarkable bill that dealt with two-year budgeting, entitlement reform, comprehensive and catastrophic health care, social security solvency and much more. it required a critical ingredient called revenue.
translated into the word "taxes." translated into the words "read my lips." the group went to george and said we can get this package done but we must have some revenue. he said, and i will never forget it, he said what i said on the subject ship with a hell of a lot of heat on me. but wen they said, yes, can get it done and it will be bipartisan. it, butaid ok, go for it will be a real punch in the gut. loyal or your ticket back to the senate. we won a strong bipartisan vote. house where to the his own party turned on him. surely one of the main factors assuring his return to private life. he often said, when the really
tough choices come it is the country, not me. it is not about democrats or republicans. it is for our country that i've fought for. he was a man of such great humility. those who traveled the high road of humility in washington, d.c. are not bothered by heavy traffic. [laughter] he had a very serious flaw known by all close to him. he loved a good joke. the richer the better. he would throw his head back and give a great laugh, but he never, ever can remember a punchline. [laughter] and i mean never. so the punch line for george herbert walker bush is this. youould have wanted --
would have wanted him underside. he never lost his sense of humor. humor is the universal solvent against the embrace of -- abrasive elements of life. that is what humor is. you never hated anyone. he knew what his mother and my mother always knew. hatred corrodes the container it is carried in. >> washington journal continues. host: outgoing congressman keith rothfus has served three terms representing southwest pennsylvania. he was defeated a month ago today from reelection -- for reelection by conor lamb. yours was more than 40 seats that swung from the republican column to the democratic column. guest: you have to take a look at the general nature of midterms. particularly when you have a party in power. the american people like to have a balance.
if they see one party get all the attention, to my be time to make a midterm check. i think that is what we saw. in pennsylvania we had a completely different situation. my district was a completely new district. the pennsylvania supreme court decided to impose a map outside of normal constitutional procedures and it substantially changed my district. you have to go district by district to see what happened. many factors were going into a number of different races. host: i want to get to redistricting. was this more of a midterm check -- was this more than just a midterm check? editorsserman, the house with a tweet saying democrats' national league is now 8.6%. that is the largest midterm loss ever and percentage margin since 1986.
guest: what were the democrats running on? what policy proposals were they talking about? i did not hear that much. i think they were talking about a check. i think the neck and people have seen the news and the chaos they perceive coming out of washington, d.c. we were trying to focus on the grid economy we have achieved. said wedone what we would do with reforming the tax code and the regulatory environment. we have had significant growth over the last year. there is more than that. people are concerned about health care. we had a proposal that we were trying to get out there, more flexibility, more choice. over 10 years actually reducing premiums. we have increased costs. chelsea clinton was talking about the crushing cost of obamacare. how to redo health care reform
and continue to do health care reform? we maintain protection for people with previous conditions. every family member -- host: were you able to get that message through? the democrats are running a lot on health care. guest: i ran a couple of messages talking about health care and protecting people with pre-existing conditions. we did that with the legislation we passed. you have a lot of misinformation about what we worked on. we have significant costs associated with health care in this country. i think that people should have more flexibility and choices. the affordable care act took away the right of people to choose the plan that works for their family. going forward we have to look at a health care reform package that will give more flexibility to people. host: democrats ran a lot of ads about donald trump. but kind of blame should he get?
guest: there were not really any ads about donald trump in our district. we were focus on the economy -- focused on the economy and the things we have done and trying to draw the differences we have between the parties. host: keith rothfus is with us this morning. republicans, (202) 748-8001. democrats, (202) 748-8000. independents, (202) 748-8002. -- three terms, six years in congress. guest: a remarkable six years. you look at the economic reforms we have done, i had significant work on the financial services community providing the community banks. i am proud of the work we did. i did a piece of legislation to restore the rights of seniors to switch their medicare advantage plans that will be effective this coming year. we are just wrapping it up.
at itave another crack o 31 toanuary 1 to march work with constituents to solve the cases you have with veterans and seniors who are concerned about the benefits they have earned. it has been a remarkable six years. host: is there one constituent case in particular you remember? guest: we got a call from a constituent who is having trouble getting a prescription authorized. this was a couple of days before christmas. we were able to get it done and they were able to get home for christmas eve. cases getof these addressed by every congressional office. it is a resource the american people should know about if they have an issue with any federal benefit that is out there, whether it is social security, the veterans of administration. usually your loca
resources.ive has caller: good morning. i want to make a comment and i don't have a question. you are saying about the republicans running on health care, no, there were not. he stopped having town halls. are people are concerned about pre-existing conditions. tryinge going to court to stop the a portable care act. -- affordable care act. woke.e a i will call him our president because i don't want to be rude, but donald trump has done so much. we are awoke right now.
it is a record number that is never been done. wake up, republicans. you have to talk to people. i'm a black woman from alabama. we voted for doug jones. we are all in america. we are all with america. you have to talk to every american. of the matter is we had health care plan that did address pre-existing conditions. the fact of the matter is you have skyrocketing costs in health care. i have not heard any solutions for the democratic side. you have folks advocating for medicare for all. that woulda program cost $32 trillion over 10 years
is just not right. that is not the direction we should be going in. we want to make sure people of access to affordable health care. that is what the focus should be. we do have a divided country right now. it was great to have reflections yesterday president bush's funeral. history is interesting. you would not have for the accolades about president bush we heard yesterday. host: you were at the state funeral? guest: it was a beautiful service. extremely well done. everyone who spoke about president bush really hit the nail on the head on his life of service. you have to look at what will unite this country. if you look at the 1850's and what abraham lincoln was talking about, he was adamant about going back to our declaration of independence. the idea we recognize the god-given rights to life, liberty and the pursuit of happiness. he said go back to the declaration. the whole notion of the
government by the people, for the people -- and we seem to have this super regulatory state that was to micromanage every aspect of american life deciding what will be in your health care plan, deciding what kind of energy you will use. this is a big country and you have to allow the american people to make the decisions. host: philip, republican, good morning. caller: the congressman stated earlier he felt like his district was illegally or unconstitutionally redistricted. could he elaborate on that statement? and on that point i would like to know what is the path ahead for republicans? i have not heard him articulate that. the path republicans getting control of the house? guest: the federal constitution
is quite clear. it delegates to state legis -- state legislatures the responsibility for conducting congressional elections. that include strong the maps. in pennsylvania we had a lawsuit in the state court system that went to the pennsylvania supreme court. they found the existing map violated certain aspects of the pennsylvania constitution. rather than giving the state legislature time to draw a new theyased on that opinion, imposed themselves a map that was drawn by a professor from stanford who had no appreciation for various unique issues going on within pennsylvania. johnstown, represent pennsylvania. this professor playing in the sandbox decided it would be a good idea to split the community between two representatives. no state legislature would never have done that.
there is no transparency done in this process. this is why state legislatures are supposed to do this work. if you can understand what is going into the drawing of a congressional map -- that was not done in this case. host: is gerrymandering a problem? guest: you want to take a look at how maps are being drawn. you can question one line being put one place or another. i look at the new map the supreme court put together, putting dominantly democratic suburbs into this new district and leaving other suburbs out. they key is to have transparency, open hearings so people understand why maps are being drawn the weather are. to know the path back for republicans to the majority. guest: is talking about what this country is and what it could be and what you do when you empower the american people and set up in powering washington, d.c. you look at the challenges we have ahead.
health care, border security. we are struggling with this horrific opioid crisis. 90% of the heroine and our country is coming from mexico. we have to do more work focusing on what the cartels have been doing down there. we have to have border security. we have to know who is coming into this country and what is coming into this country. when you have drugs pouring over the border coming from mexico and china, methamphetamines, if that is not a reason to secure the border, i don't know what is. mexico has an interest in securing the border. cash is feeling with the cartels are doing. eric,the keystone state, go ahead. caller: i would like to ask you a question that has a little bit of a qualifying preamble. immediatelyistrict south of the one i moved into and invested in about a decade
ago, you might be really able to answer this honestly. i have been puzzled in my time as a transplanted new yorker who lived in colorado, new jersey. given these districts in western pennsylvania do often go for republicans, i wonder if you would be willing to speculate or speak on how and why that is given that these areas are very high percentage social services recipients, a lot of retirees, people living on those kind of fixed incomes. those sorts of things. peers foren to my eight or nine years about how i perceive their community to be pretty racist. a very clear redline segregated area that confused me. i had not seen that and other places. lo and behold, almost a year ago
erie that the distinction of being the worst city in america to be black in. erie got number one. the homicide rate is setting a record this year. my property values have been nosediving since about 15 minutes after i bought them in 2009. therepuzzling to me how is a republican foothold in such places. is it the kinds of people they should be voting are not? is it actually that raises him really does factor in to people's voting and their identifying with those elements in the republican party that are pretty overtly willing to express some racist liens? guest: i have always read my campaign on the idea of getting every american back in the game again. too many people have been marginalized in our country. if we want this country to work
-- i look at the challenges we have ahead. making sure we are meeting the moral obligation we have for medicare. making sure we meet our obligation on social security. we need as many people working as possible. to go out to the highways and byways and talk about the opportunities that we need to have out there. i'm excited about the opportunities program we have in the tax bill. this is one of the most undersold pieces of this tax code. it brings private sector investment into communicate -- intoimmunities. -- communities. perhaps a failure on the part of the media to focus on what was in this tax bill. the rhetoric that came out about this was some kind of get away. away.iv families getting $2000 back in their pocket.
the top 1% are taking a greater share of the federal tax burden than before. you look at the opportunities program. that haveommunities not have the kind of private sector investment that washington, d.c. has had. you drive across the bridges into this town. just this morning i counted 16 construction cranes. this area seems to never want for economic growth. we have to have that economic growth back to the rest of the country. host: wrong, democrat. on, democrat.-- ri caller: i am honored to speak with you this morning. questioncomment, they -- a question, a little bit of everything. there is a huge difference between the far right and the far left. i guess you could call me the far left.
voting -- i in believe in bernie sanders again. he is the only potential candidate for 2020 that lee's we need to invest in our general population. other countries, both communist countries and socialist countries, they all invest in the population. they invest in their population's health. the general population, not the top 15%. they can afford to go out and care.e best health they invest in their populations, their health, their education. we don't do that here. you are basically on your own. you said for health care it is a matter of choosing your own doctor. for a lot of us we are lucky to have one doctor we can go and see at any point in time.
at whatou take a look happened after the affordable care act and a lot of people lost their choices on the health care plans and you're left with one insurer. that was not supposed to happen. i appreciate your talk about bernie sanders. he is authentic. he says it as he sees it and he communicates that the people. you talk about the far right and far left. most people are not far right or four left. -- far left. people are looking for practical solutions. lincoln looking to find what united this country. there are fundamental philosophical differences. frameworkack to this in the declaration of independence, talking about self-governance, sovereignty and the people, right sitter given by god and not by the state? president kennedy talked about that in his inaugural address.
god,ights to come from not the generosity of the state. within that context what can we be doing to move this country forward? host: what we do on january 4? guest: i have a number of different options available. it was an incredible privilege to do what i have done for the last six years. we have so many challenges ahead. we still have to talk about the debt in this country. how are we going to get a handle on that as we look at the next generation coming up? power every going to have a growing economy -- people the how are wees with -- going to have a growing economy? president reagan said never say never. this season of my time in congress is coming to an end. i will not rule out anything for the future. host: nancy from louisiana, a
republican. caller: i wanted to call and give a wonderful comment in reference to the people of pennsylvania. my own father was originally from youngstown, pennsylvania. the family was very interested in medicine. everything my father taught me growing up -- he was a world war ii veteran. mom from louisiana. the thing is what he taught me my entire life is that there are people out there that have no way of helping themselves. it was up to me to take care of those who could not speak or do for themselves. that has aom a state fantastic history.
i just wish everyone would look at this country as a piece of everyone from pennsylvania, to get people from louisiana that are still in need of a lot of help. texas going through another horrible hurricane. to look at the west coast with the fires. we all live in this united states of america and coming from a baby boomer at the bottom, but when my father and my mother spoke being of fair-minded -- my dad owned his own pharmacy. unfortunately when he passed away he was owed over $50,000. he did not care. host: thank you for that call from louisiana. guest: that is a great story.
is the keystone state. we are where america started. we had the signing of the declaration of independence back in philadelphia in 1776. western is a vignette i argue built the nation. you look at the industry from the 19th and early 20th century. western pennsylvania is a big part of rebuilding this country when you look at the different business groups we have. whether it is financial services, manufacturing, technology, education, world-class educational institutions, world-class health care. western pennsylvania is a unique place and was my leverage -- privileged to represent it. caller: good morning. i have two short questions. i would like to know what happened to the 50,000 or 100,000 kurds hanging out in iraq. and what happened to mr. dan
quayle? that is all i've got. guest: you go back to the warory of the first iraq and the was debate about do you go beyond liberating kuwait. there was a decision made not to go into iraq. there was a no-fly zone established that was pretty much held between the time of the end of the first gulf war and the 3, ininvasion in 200 response to what was happening to the kurds. they have been a tremendous ally to this country over the last number of years. we want to make sure they will be protected in the future.
dan quayle was at the funeral. we had the vice presidents lined up behind the presidents. somebody made a point the only vice president who has served since 1977 it was not in that lineup was president george h.w. bush. --t: what happened 50 happens 15 days from now only at the next funding deadline? guest: we have got to get to work. the balance of the appropriations bill needs to be passed. the president has been insistent on full border security. hi echo that concern. i look -- i echo the concern. i look at the drugs coming northbound and southbound. we need to do a better job of interdicting these flows, the cash and the narcotics. that is a thing we should be focused on.
host: congressman keith rothfus, appreciate your time. up next we will be joined by democratic congressman john garamendi of california to talk about what is next for the democraticthe democratic agenday look to take over the house in 2019. but first, the last speaker at yesterday's service for george the. bush, the director of church i say martin's. --poke during the during the final moments. to me, "youred know, that man changed my life." , secretary baker was at the foot of the presence bed. toward the end, jim baker rubbed and stroked the presidents feet for perhaps half an hour. the president smiled at the comfort of his dear friend. here i witnessed a world leader
who was serving a servant who had been our world leader. jesus.t came to mind was own -- thebefore his last night before his own crucifixion, having said everything he was to say, he wrapped a towel around his waist and without words watched his disciples feast. as jesus finished, he said, "i set an example for you. serve one another. by this a world will know you are my disciples, if you serve and love one another." , we allnd, we all knelt placed our hands on the president. together,r prayers and then we were silent for a man long measure, as this
who changed all of our lives, who changed our nation, who -- who our world left changed our world, left this life for the next. it was a beautiful end. it was a beautiful beginning. for a moment, but a moment only, ar point of light that we know as george herbert walker it shinesd, but brighter than it ever before has. and now this godly man, this , isant, this child of god in the loving arms of barbara and robin and the welcoming arms of our lord, who embraced him with his divine love. some have said this is the end of an era, but it does not have to be. perhaps it is an invitation to
fill the hole that has been left behind. the president so loved his church. he loves -- he loved the visible church. he so loved our great nation. he so loved you, his friends. he so loved every member of his family. but he was so ready to go to heaven. and heaven was so ready to receive him because he lived those two great commandments. if you want to honor him, and if you call yourself a daughter or a son of god, and love god, love your neighbor, there is no greater mission on planet earth. announcer: "washington journal" continues. california democratic irishman john garamendi joining us come on a day that congress is set to vote on a two-week
funding extension that we keep the government open through december 21. you have been through these funding fights before. where does this end? guest: it will end in a positive way. there is no appetite i can feel in congress for a government shutdown. it would take i think a president who simply refuses to other than his $5 billion for a wall. that being the case, we will see what happens. there is no appetite for it. guest: is there any appetite on the democratic side of the aisle to meet the president halfway? guest: there is always a deal to be done. the deal in your mind? guest: about $1.6 billion, which is what is being offered. and it is for better security. goingor by mexico is not to happen. certainly mexico is not going to pay for it. what is a wall going to do when
other things can be done, electronic surveillance in other ways that are much where effective? is fine. fence some has been built, some needs to be repaired, some need to be extended. we can do that. host: there are currently a lot of u.s. troops on the border. you are a member of the house armed services committee p how long are they going to be there? guest: not much longer, because those -- because the election is over. they will be coming back to their bases, and it is expensive, probably somewhere and $10060 million million. military programs are being prepared to do with the contingencies of war and peace. host: have you visited the troops on the border? guest: i have in the past, in -tijuana area.
we have had the national guard there for more than a decade. host: what are they doing right now? guest: on the border, they are putting up wire and standing around wondering what they are doing there. like i said, the political season is over and they can come home. host: john garamendi is with us through the and of the hour this morning. republicans, 202-7 48-8001. democrats, 748--- 202-7 48-8000. global carbon emissions have been -- this is after two years in which global emissions were flag and are now rising again. guest: which mr. trump wants to do.
he thinks coal is beautiful. and all of this is over two generations from now. sea levels have risen a matter -- a meter, three feet. cities around the world have flooded. hurricanes and fires are just decimating populations of millions, hundreds of millions of people forced to move because of climate change. we can look back on the president trump era and say, "why did you do this to us? why did you do this to us?" vilifygenerations will this president not because of incredibleoxious and things he is doing, but because of removing the united states' leadership on the climate crisis. this is a her and this problem. this presidency has many aoblem, -- -- this is horrendous problem. host: what can you do in
congress to solve this problem? guest: hammer at the issue. this is a huge ongoing crisis. it is not a new one. that the united states has to be a leader, and we cannot lead when we have a president who refuses to acknowledge that this is an issue. wonder about your thoughts on the lead editorial from "usa today." "say what you will about the national rifle association's take no prisoners approach to gun control. it has been successful. now it is time for climate activists, businesses harmed by global warming, to take a page from the nra playbook." guest: whatever kind of lobbying is necessary, and there are many organizations out there. usually they have different solutions.
what they need to do and what we need to do in congress is to coalesce around this issue and ofelop a specific set solutions. we know what they are. we know that they need to change the energy and economy of this nation away from carbon fuels. that means tax policy, investment, research or that means the united states needs to do what it did when it hope the interstate highway program. -- when it built the interstate highway program. 's is the coalition of america greatness around this problem. the solutions are known. you have to go to renewable, move away from carbon, have a tax policy that accomplishes that. you have to have incentives to do the green economy. ?hat does that take it takes congress to lead. i will tell you this. the democrats in the house of representatives will lead. we were elected to lead in a different direction, and we will do so. climate policy is one.
we will be talking about infrastructure that is green infrastructure. we are not going to be talking about enhancing the coal industry or the oil industry. we will talk about the green economy and investing in ways to do that -- electric cars and all the rest. john from arkansas, line for democrats. i heard theressman, report the other day on npr that september 10, 2001, one day before 9/11, donald rumsfeld made a speech about the waste and fraud in the pentagon, --ing there was $2.3 billion two point $3 trillion missing from the budget of the paragon. the next day 9/11 happened and knocked that story right off the headlines. i wonder if you guys in congress have ever discovered where that money is?
amountspending enormous of money on our defense budget. we spend more than the next eight countries combined, including russia and china. raised au certainly critical issue, one that has been plaguing the pentagon and military for decades, really. that is there has yet to be a full audit of where the money is spent on a yearly basis by the military. almostver $700 billion, three quarters of the trillion dollars on the department of defense. in iraq and afghanistan, we have $1 trillion on these wars. host: they tried to do that audit recently and failed. what will it take for the pentagon to pass an audit? guest: it will take congress continuing to hammer them. the of the republicans credit in
this last congress. they hammered them, went after them, together with the democrats. we will continue to do that. sarah $700700 -- billion plus being spent. it is misspent, sitting accounts, not used, one thing or another. the new democratic leadership on the house armed services committee, on which i will be a member, and possibly one of the leaders, we will hold the pentagon accountable. where are they spending the money? are they spending the money wisely? are we giving them the direction they need? host: president trump wants to see a cut from the pentagon budget. is there room to cut? guest: probably. that is our task. let's start with the new nuclear arms race that we are now engaged in with russia and china.
it will be well over $1.5 trillion over the next 15 years on spending on new nuclear systems. the result is a very dangerous world in the decades ahead. host: addison, mississippi, is next. carl, good morning. caller: i am retired military. i travel all over the world, and i do see that global warming is an issue. i look at china. riyadh when i was in desert storm. africa, you do not have a lot of vegetation in those areas. what has happened in the last 40 cuts, a lot of countries the timber, trees, so we have to put vegetation back on the are of so we can absorb the heat that is killing everybody. guest: you are certainly correct. first of all, thank you so much
for your service in the military. those particular wars, very dangerous areas. you correctly observed the gentrification, the expansion of deserts around the world, and we are seeing this in africa. the deserts are moving south, displacing millions of people. the pentagon 20 years ago said that the wars of the future will involve the migration of people because of climate change. that is definitely happening in many parts of the world, and we are seeing some of that happen in the united states as various parts of the country are drying out or burning out, as they have been in california over the last month. so, yes, it is a very real problem and it will lead to conflicts and it will lead to war in many parts of the world. host: william, oklahoma, democrat. caller: good morning. good morning.
it is good to talk to you. thank you for speaking with us. i am 74 years old and i have always voted, but i am really having a problem with our definition of "democracy." i am not even sure now that i know what democracy is. federal level, i cannot vote on any issues or any problem. i can vote for the president, be maybe that vote will vilified by the electoral college -- will be nullified by the electoral college. i can vote for my representative or senator, but he may not be mine. he may represent the opposite party, and thus he will support those that support him or her. i am having a problem trying to figure out, where is this democracy? guest: you raised a very
important set of issues, and that has to do with the way we conduct democracy here in america. presumably, every vote counts, citizen, mostible every place 18 years of age, a citizen of the united states, should be able to vote. what we have seen in the last elections, particularly this one in november, is that is not the case. in many parts of the country, the state and local governments are and acting specific programs to restrict voting. we saw what happened in georgia, more than 100,000 people removed from the rolls, and polling places shut down so that people had to line up for hours to vote or could not even get to the polling places. we have to change that. i will tell you this. the first bill that the democrats are going to introduce in the house of representatives on generate three is hr-1. it deals with voting rights
across this nation. we are going to do everything we can to stop the activities of those who are oppressing, repressing, and stopping people from the ability to vote. we are seeing what is going on in north carolina right now. we see efforts across this nation to restrict voting. hr-1 will stop that. it also deals with corruption, requires that there be a light shined upon every contribution. more black contributions will be allowed. every local action committee involved in an election will be required to report where their money comes from and to whom it is going. we think this is one of the most important reforms, so that our democracy can actually work. one more thing -- thank you for your concern. host: i think the caller was talking about being a democrat
in a red state. the starku do with division between red and blue states, people going to their separate camps and not talking to others in the other camp? guest: get involved in the electoral process, supporting candidates. win or lose, it is a process. you are not going to win all the time. races.lost a couple of i have been in 34 of them and lost two, but that is ok. , whenwhen people cannot they attempt to get involved and vote, and they are not allowed to vote because of the systems that have been put in place. go out toill california. kathy, independent. go ahead. caller: good morning. i was really disappointed in the opening statement about the -- i'mbecause the people
sorry, i was watching on tv. the people's position has never changed. in california, there are a lot of problems with voting. i do think it is right that you can only vote for one of two democrats and a lot of the positions on the election. but the biggest problem with the the past 30 years the people's position has not changed. i remember when governor brown sued the central government to close the border. you have been one democrat that i supported over the years, and it was sad to hear you say this again because it has just in -- you know, 30 years, decades of running oniticians closed borders. now this president is doing it, and you sit on there and say that. say no borderot
security. i said be smart about how we spend the money on border security. a big, dutiful wall is not going to solve the problem in many parts. there is a necessity to use modern technology to be able to secure the border. absolutely we need to secure the border, but we need to do it wisely. spend your tax money, my tax money wisely. going to the top to forward in california, it is wrong. that was an initiative. the previous caller talked about , a direct to vote democracy where the people vote for laws. california voted for the top two going forward, and it is wrong. it is wrong for the republicans, democrats, and the process. the institution was put in place by a republican, my colleague, arnold schwarzenegger, when i was independent governor.
we -- when i was lieutenant governor. we disagreed on this issue. host: talking about the impact on wildfires, you have already talked a little bit about that. effectwe are seeing the of climate change. the fire season in california has been 265 days. it has been for several years in california. we are seeing the effect of a rain,arm climate, winter rapid growth of vegetation, and the heat comes in and things get very dry. we are also building our communities into the wild urban interface. that is what happened in paradise. many of the survivors of the fire wound up in my district in yuba city at the fairgrounds. it is a horrible situation. the community of 26,000 essentially gone. steve, am ohio,
democrat. good morning. caller: good morning. mendi, i would like to say i would support a wall that trump.lease donald let's build a wall that he can fit in, something like a chimney. guest: there have certainly been political cartoons along that line, but the reality is we have to spend the tax money wisely and effectively. the previous caller talked about border security. i can assure you the democrats want border security as much as the republicans. and thankfully, the republicans are not thrilled by billing a 2000-mile or 1600-mile border wall. they want to spend the money wisely as we do. burlington, texas. tony, a republican. good morning. caller: good morning.
please bear with me. i am an old man. i have very important stuff to say. the problem with our government, republican or democrats, is you are all crooks. everything.t please do not cut me off. america is in trouble. you all are taking over the white house and you all are killing people. for no good reason. and you are lying about it. there is not one thing you all have done that helps the american people. you are killing us and you are destroying the world. what specific thing are they lying about? thing, what the hell are we doing in yemen, killing innocent people? we are not even supposed to be at war. why are we guarding opium from afghanistan? host: let's focus on those.
guest: we ought not be supporting saudi arabia and yemen. it is an undeclared war. congress has the constitutional -- the only authority to wage war. it has to come from congress. congress needs to take control back and we need to put a stop to the yemen war. 's congress getting a bill on the floor to do that? we will get a bill on the floor of the house of representatives. i think the senate will actually do it. will that rain in the -- will in the trump administration yak of notches tensse of the results -- of thousands of civilians have been killed in that war, but also it sends a very strong message to saudi arabia. to msdey be able to go and say you are responsible to
hold the count -- too cold the -- to hold the crown prince accountable? probably not. host: what about the opium trade? guest: it is an ongoing issue with afghanistan. it has been there forever. the various warlords, taliban for sure, and from time to time it is probably folks we have who are continuing to use that money for various kinds of war and conflicts that have and conflicts that have so disrupted that country and killed hundreds of thousands of people, including almost 6000 americans. host: time for a couple more calls. maurice is waiting, east dublin, georgia. a democrat. caller: good morning. i have a comment on immigration and a couple comments on hr-1.
number one, as it relates to immigration -- the only people -- do not want immigration the only reason people do not want immigration coming from these latin american countries is racism. 1, thelation to hr-one lobbying reform in hr-1, as it relates to proliferation of lobbying efforts -- if the runoff voting -- it is the runoff voting in hr-1. and lastly, it is the balloting in guest: hr-1. hr-1. guest: the answer is yes, yes, and yes.
parts of it deal with early balloting, the ability to get to the polls. for states with polling places, mail-in ballots, and all of those things are in hr-1. we do not have the time to go into all of those. with regard to the other questions you raised, i am trying to recall all of them. hr-1 is comprehensive in that it deals with corruption, openness in government, campaign finance reform. i believe there are some lobbying restrictions in hr-1. i do not have the details with me right now. with regard to -- i am not sure i got only questions that you raised. host: financing. guest: financing for state government. i tell you what i would really like that is not in hr-1 right now. i would like to change the election day from tuesday to
saturday and sunday so that people have time to get to the polls, to look at their ballots. it is really tough for people to vote. if they cannot do or do not do the mail-in ballots, how can they get there? at 8:00 or 6:00 or whatever, you have a two-hour commute. host: from virginia, go ahead. caller: he was talking about making public the dark money and stuff. i would hope that they would put in there all of the lobbyists and what congressmen and senators get money from the lobbyists, how much the lobbyists get. guest: excuse me for interrupting. part of the law today. it may need to be expanded, but all the campaign receipts and contributions that members of congress and people that are -- we door congress
have to report all of that. the problem lies on the other side, and these are the independent expenditure committees. this is where the dark money is. frankie, there is far more money coming in -- frankly, there is far more money coming into these elections from the independent committees, and it is directly contributed to candidates. that is what hr-1 will deal with. reidsville,in georgia, a republican. go ahead. caller: america is supposed to be the light of democracy. why are we trying to carry democracy at the end of a gun barrel to the world? unsuccessfully. what we are seeing from the current president is a movement away from one of our core values of human rights, of democracy. that is not part of the trump administration or the president upon's ethics. president's ethics.
we cannot create democracy at the end of a gun. there are many more things involved in that. certainly support for countries that are trying to move up in their economy and in democracy. we need to make sure that we use diplomacy. if we are going to use a gun, you have to have diplomacy with it. garamendiressman john , thank you. up next, it is open phones until 10:00 this morning. usual, for as republicans, democrats, and on yourents -- they are screen right now. we will be right back. announcer: coming up this weekend on booktv -- saturday at even upon p.m. sunday on q&a. >> i worked with four people, once and future presidents jimmy
carter, though clinton, barack obama, and to my surprise, donald j. trump. announcer: peter osnos. >> i also came to understand -- and this trump is profoundly important -- in his heart of hearts, he believes he always wins. here is a guy who has been in new york real estate, gambling, boxing, wrestling, television, construction. never been the target of a criminal investigation. that is astonishing in new york city. announcer: a conversation with ,ongtime journalist peter osnos on "q&a." coming up this weekend on booktv , saturday at 7 p.m. eastern, channel four news international
editor lindsay wholesome talks about the life and death of correspondent marie colson. does not change. it is about people living under bombs and trying to survive. , ander high tech it is people get interested in looking at -- that is not what it is about. it is about what happens on the ground. that is what she meant. she meant that you have to be there, and that if you as a journalist are not there, then you are not really telling the story. announcer: sunday at 7:00 p.m., 's" richard burr kaiser on john marshall. -- richard burr kaiser, on
john marshall. >> marshall's conclusion from these experiences was that washington was the rock on which the revolution rested. announcer: at 9:00 p.m. eastern on afterwords, tucker carlson talks about his book "ship of full." he is injured -- he is interviewed by the chairman of the american conservative union. >> everybody else is going to be angry and they will punish you with the political power that they have. populism is always a red alert that something is wrong with your democracy. donald trump's election is a warning. that this isf us going in the wrong direction. the population did not get the attention of policymakers, so they elected trump as a break fee glass case. listen tot going to
me, i am going to elect this orange guy to teach you. announcer: "washington journal" continues. host: here is where we are on capitol hill. a house is set to meet briefly at new today, at which time they are expected to vote on a short-term funding measure to keep the government open for two weeks. it is expected to be approved by unanimous consent. it goes to president trump for his signature. if that does happen, the funding deadline for the government would be pushed off until , giving on december 21 congress and the white house two weeks to continue to work out their dispute over federal funding for the president's key cabinetand nine agencies. we will cover that for the next two weeks on "the washington
journal." here's a capping on the funerals ,esterday for george h.w. bush his body continuing to lie in repose at saint martin's church. the official funeral will happen at 11:00 today. we will also cover later today, --5:15, when the president when the late president will be interred at the bush presidential museum in college station, texas. you can watch c-span throughout the day is america says goodbye to the 41st president. right now, open phones. the phone lines are open for you to talk about anything you want to talk about. 202-748-8000, democrats -- david is in franklin, tennessee,
a republican. good morning. about ai was calling color you guys had earlier with the representative. you guys hadller earlier with the representative who was concerned about his understanding of democracy. he mentioned that he could vote for local issues but not federal issues. for some reason, the representative gave a long diatribe about voter suppression, but it has nothing to do with that. inis because we do not live a democracy. we live in a representative republic. host: what would you have added if you had been sitting at the table with us for that conversation? we lost the caller. jay is in simi valley, california. a republican. good morning, c-span. good morning, america. my comment about the caravans coming north from the central -- one of theries
previous guests mentioned the drug money that americans send south to these countries, the illegal drug money that funds these cartels, that brings the violence and corrupts the military and their police, that is the reason people are leaving these countries and coming north . they have no way of combating it. we send billions down there, and at the same time we quibble ofut maybe tens of billions money to support the governments. it irritates me because nobody ever seems to bring it up. we jail ms 13me, we jail ms 13
members and other gang members. and then we send them back down there into these countries kunar -- these countries, so we make matters even worse. host: a democrat. good morning. caller: good morning. i love you guys. have you ever heard of the arkansas project? host: tell me about it, ron. it was executed when clinton won the white house. arkansasrdoch, the project, it was called. the national enquirer, tabloids, they would publish things about the clintons that wasn't true. they were hypotheticals.
they refined the arkansas project, roger stone, and they took it to russia. that is what is going on right now. under their nose about the arkansas project. america would really be interested. i have been disabled for 30 years. i have been on my back, and all i do is watch the house and the i have been following this from day one. you had mike murphy on once back in 19 news seven -- on nine -- back in 1997, 1998. thealked about what arkansas project was, and you clam up quick. and independent from santa rosa, california. caller: me? high. my question is concerning gun control. host: go ahead. caller: everyone probably
schoolrs the columbine shooting from 1999 that got the whole gun-control frenzy going. understandable, but there is one thing. you know how comedians are all know, youlike, you have to balance freedom of speech with the sensitivity to others? host: ok, finish your statement, william. , the balance is between public safety and the second amendment. because the second amendment explicitly gives us u.s. citizens the right to bear arms. yet why do we have all these gun control laws? host: this story in today's "washington post," democrats looking to roll back a
regulation,old having guns in their offices and carrying them around congressional rounds. being pressed to revisit it. he now has the support from nancy pelosi, nominated to be the next house speaker. multiple republican lawmakers said this week they were aware that colleagues kept guns in the capital complex -- in the capitol complex. rolling back lawmakers' ability to bear firearms has become a flashpoint between the democratic majority. next from morris dale, pennsylvania, a republican. good morning. caller: i am calling about the caravan problem that we have
going on. my thing is, if the californians want them so bad, hollywood does, then all the movie stars need to get together and take care of them. need aconcern is we do wall. they are coming in this country, thousands of them every day. our safety is at stake here. it is not a joke. as far as everybody feeling sorry for the mother with the child, then do not put your child in a situation like that. thank you. next, inhard, massachusetts. a democrat. good morning. caller: good morning. first of all, i would like to say you do not build walls in a free country. president what eisenhower said. watch out for the military-industrial complex to take over the country. pardon me? host: did you want to add to
that? caller: yeah, i want to say more. i did not know i was on. i tried to pick up where i left off. host: you have to listen through your phone and talk through your phone. for all of our viewers, that is the easiest way to have this conversation. turn down your television when you are waiting to chat. curtis from fredericksburg, virginia, a republican. go ahead. why don't these democrats get their heads out of behind, republicans get their heads out of the elephant's behind and get to work? host: what is a way they can do that? caller: congress should get their heads together and start doing the people's work on every issue. host: where would you start, curtis? i am going to go to carol,
waiting in marietta, ohio. a democrat. good morning. caller: good morning. my comment is on the drug addiction problem that we have here in our valley and all over the nation. and last year, over 70,000 people died because of drug overdose. that is almost twice as many as was killed in the vietnamese war. . am concerned i have that problem in my family with one of my grandchildren, and i would like to hear if there is any plan to try to stop this drug problem. we have no help here in our valley. we have no place to send our to get help for them. i would like to hear what you have to say about that. host: tell me about the valley a little bit more.
have you reached out to members of congress? what are people doing in the building working behind me? we have a member of congress here, bill johnson. i have never heard him mention this problem. i have communicated with him, and i have called many members of congress and talked to them, but you do not hear much about it anymore, and we do not hear anything. host: carol, thank you. we have 15 minutes left in our open phones segment. for republicans, democrats, and independents, let us know what is on your mind this morning. what will be on the mind of many americans today will be continuing to be the president -- the late president, george h.w. bush, the state funeral. great, nobley, "a
man." and the spread from "the wall street journal," "in remembrance of the 41st president." you can see the current president and past presidents there sitting in the front row, and other pictures from the national cathedral from the state funeral yesterday. the late president will be lying in repose this morning in saint martin's in houston. we will be covering those events today on c-span. arizona, a democrat. good morning. caller: good morning, how are you? host: doing well. caller: i would like to say something that our late -- hessman from arizona was born in claypool. i live only a mile from miami.
he was a good man, and god bless him. pennsylvania.ork, a republican. go ahead. --ler: i would like to know all these democrats are against this wall because illegals who country, from another the government supports them. if the only people coming in were for donald trump or republicans, the democrats would put up a 20-foot wall a long time ago. host: from the sea a democrat. good morning. caller: how are you? host: i am doing well. caller: i just read a report from "the washington post" .aying saudi is funded dumpedtly, the saudis
millions of dollars into trump's pockets. the u.s. support for the war flies onilling trump behalf of the -- killing trump's now on behalf of the -- and ignoring the lobbying reports. it is all starting to make more .ense this administration is corrupt to the core, and they want to -- just think about this. think about what the administration is doing to our country. this rests on the shoulders of who have been elected to congress. , support thisne appeasement. it is necessary to get rid of
this administration. host: who is we? caller: everyone. everyone. every american everywhere. urge.you say we i think we lost charlie. gary is in moorefield, west virginia. a democrat, good morning. caller: good morning. listening to the comments about the wall. if people had switched places with the people that are trying in, theytheir children might think a little bit more about what they can do down there because a lot of the used a lot inre vietnam. they haveother things out now. but i do have one question for you. when you have some of these
people making comments about unemployment and all of that here in the united states, why don't they address the welfare part of it? once you come off the role of being unemployed, you are automatically put on the welfare. it is all right there. online and can go find out that information. but they never say how many people are on the welfare system, just not showing up on the ready to work list. host: how do you feel about work requirements when it comes to receiving welfare in this country? ,aller: well, if you need it even if you can get part-time jobs -- you know, here in west virginia, none of this stuff is hitting west virginia.
if you can get some aid, that is fine. people have to live. it is really hard for them, and i do not mind giving it to them. but people like that will work harder because they do not really want to be there, and they will work. that is gary in west virginia. next caller, walker. caller: good morning. that just wanting to say the schools -- it disturbed me seeing the schools, some of them not -- host: some of them not what, walker? turn down your television if you are waiting to chat with us. we are here to have a
conversation richard, minneapolis, a republican. go ahead. caller: good morning. i would like to say i think trump did a good job stopping fentanyl. we have to put restrictions on this fentanyl coming in from china. one more thing on the construction industry here. a lot of the workers are illegal aliens from mexico. you: on the fentanyl issue, say the president is doing a good job. what are you seeing in minneapolis it gives the impression -- that gives the impression he is doing a good job? caller: it is mainly the national news. we have increased distribution of that drug that stops fentanyl or stops the overdose. otherere are still
various drugs out there that maybe the drug that stops the overdose cannot deal with, so we have got to get a handle on china and stop them from ripping us off. they are just dumping on us, dumping their steel, dumping their aluminum, they are dumping their drugs on us. it is terrible. miller place,in new york, a democrat. good morning. forer: thank you very much this opportunity. it is a wonderful thing that you folks do there. i would like to commend the new crop of moderators and producers on c-span, as well as all the people who work behind the scenes. when i doe program get to watch it, although my job prevents me from doing it most times because i am so busy. host: i appreciate that. what issues are on your mind today? caller: i would love you guys to snowden on or
julian assange, or let's discuss nuclear history and the destructive forces it is bringing to this planet because i do not think there is any way to contain the byproducts created. in the long run i think it is going to be our undoing if it is not so far. the ocean is becoming radioactive at a quick rate because of fukushima. 80% ofrstanding is nuclear reactors throughout the world, not just ours, are leaking directly into the water table. and then to fracking -- there were articles written in the 1960's about how they were going to use fracking as a way of disposing of a lot of nuclear waste by injecting the byproducts into the core of the earth to get rid of it. i wanted to say, i think it has been about 12 years if not
longer that greta has been on c-span. i cannot get over how quickly that went by. it seems like it was just yesterday. from troy, michigan, and independent. go ahead. caller: i want to talk about people crossing the border with their children. if americans were to involve their children in dangerous activity,nd illegal their children will be taken from them as social services. hoopla there is a big about separating these people who are exposing these children to these dangers, these illegal activities at the border. it does not make any since -- any sense that there are two different standards, one for people who come here illegally and one for those who are here
legally. in new york they are trying to pass a law where in order to get a permit for a gun, you have to surrender your social media account passwords to the government so they can check what you are posting on social media. host: on the border issue, i want to focus on that. president trump looking for $5 billion in this upcoming negotiation over federal funding for his border wall. if he does not get $5 billion for congress, should he not sign any sort of funding bill? are you willing to coordinate a government shutdown over that issue? caller: i don't think they should shut the government down, but they should give him the $5 billion. that is actually a drop in the bucket when it comes to what they spend. it really is. they spend more than that taking care of illegals in the country. i am an immigrant.
my parents and i emigrated to this country. come across the border are not immigrants. these people are actually foreign nationals in the country illegally. there is only one status for an immigrant, and that is a permanent resident. that status is issued by the american government. host: when did you come to the united states? caller: what's that? host: when did you come to the united states? caller: in 1966. host: and you remember that process? caller: i do remember that process. for that tos happen. my father had to have a trade that they needed in this country. then he had to secure an employer who guaranteed his employer -- who guaranteed his
employment so we would not become parasites of the government. and we had to report every year where we lived. if we moved, we had to report that within 10 days. we did that not on an immigrant status card, we did it on an alien registration card. host: do you think we should go back to that system? caller: absolutely. it should be a merit-based system. it should be based on the needs of america, not on people wanting to come here. host: jimmy from mississippi, an independent, good morning. i agreefirst of all, with everything the caller before me said. it is just ridiculous. from latin america, it is even worse. for generations, we have been denied from banks, from people from the government. basic, thenied just
process totally against us, from the war on drugs, everything. if we are not going to give reparations to these people, give them land. make them a separate country or whatever. because nobody seems to care about us being -- when immigrants come here to take our property, they take businesses and jobs from us. in liverpool, new york, a democrat. good morning. caller: i just want to say real quickly that i am a democrat that supports immigration control. control. -- i want toing make a comment for all senior citizens in this country as we head into the holiday season, i've been working at the post office my whole life, like 45 years. if you have old black and white
photographs of your relatives and you are going to mail them to your grandchildren or whomever, make sure they are secured. the post office, we are totally mechanized and sometimes these precious old photographs, black and whites from the 50's and -- from the 1950's and 1960's, senior citizens simply put them in envelopes and mail them and some don't make it. most will. mailnsible and how you your precious photographs. you want them to make it. people have held onto these things for 50 and 60 years. the citizens that held onto these photographs for 50 or 60 years. i know we are in a mechanized time but some senior citizens still have old black and white photographs. thanks for the publirv