RUSH TRANSCRIPT Joining us ░░░░░░░░ Doug holtz aiken and ░░░░░░░░ of economic advisers and ░░░░░░░░ Lou senior fellow at ░░░░░░░░ university of Virginia mellow ░░░░░░░░ Doug what did the ░░░░░░░░ do Break laws break ░░░░░░░░ never be briefed again ░░░░░░░░ tipping the hat about ░░░░░░░░ jobs report crazy morning ░░░░░░░░ I have no idea ░░░░░░░░ he broke the law ░░░░░░░░ he broke every protocol ░░░░░░░░ m familiar with the ░░░░░░░░ we use and everyone ░░░░░░░░ know of use is ░░░░░░░░ the data comes to ░░░░░░░░ White House complex the ░░░░░░░░ before select few people ░░░░░░░░ it nobody involved in ░░░░░░░░ comments on it until ░░░░░░░░ hour after the data ░░░░░░░░ to the public tweeting ░░░░░░░░ hour before the public ░░░░░░░░ a clear violation of ░░░░░░░░ protocol Why do they ░░░░░░░░ the president a heads ░░░░░░░░ about it Is there ░░░░░░░░ national security reason to ░░░░░░░░ him to arrange events ░░░░░░░░ s the reason to ░░░░░░░░ it early in the ░░░░░░░░ place It is important ░░░░░░░░ a national security point ░░░░░░░░ view Certainly you know ░░░░░░░░ hate to talk recessions ░░░░░░░░ we ve in recessions ░░░░░░░░ if you get bad ░░░░░░░░ news you want the ░░░░░░░░ ready so you can ░░░░░░░░ confidence in the path ░░░░░░░░ the economy no one ░░░░░░░░ to be seen as ░░░░░░░░ White House that s ░░░░░░░░ solid in the midst ░░░░░░░░ some sort of difficulty ░░░░░░░░ just reasons to ensure ░░░░░░░░ s been input how ░░░░░░░░ respond to the data ░░░░░░░░ I feel like you ░░░░░░░░ do that if you ░░░░░░░░ the president an hour ░░░░░░░░ of time Not saying ░░░░░░░░ changes the outcome but ░░░░░░░░ do you think about ░░░░░░░░ snafu Yeah Doug is ░░░░░░░░ right It not only ░░░░░░░░ a 198 protocol no ░░░░░░░░ but breaks every protocol ░░░░░░░░ any administration I know ░░░░░░░░ this as the deputy ░░░░░░░░ secretary I did not ░░░░░░░░ the numbers until a ░░░░░░░░ hour when they were ░░░░░░░░ I couldn t leave ░░░░░░░░ room until U 30 ░░░░░░░░ s a rule no ░░░░░░░░ comments on this before ░░░░░░░░ 30 what s incredible ░░░░░░░░ this is an unforced ░░░░░░░░ these were good numbers ░░░░░░░░ president sees it that ░░░░░░░░ Talking about it but ░░░░░░░░ he had the summit ░░░░░░░░ the north Korea is ░░░░░░░░ on no one in ░░░░░░░░ briefing that I heard ░░░░░░░░ asked about this about ░░░░░░░░ whole thing so it ░░░░░░░░ like he s just ░░░░░░░░ oh whatever move on ░░░░░░░░ right that s exactly ░░░░░░░░ this is a president ░░░░░░░░ doesn t take directive ░░░░░░░░ seriously and again had ░░░░░░░░ been under any other ░░░░░░░░ there would have been ░░░░░░░░ nothing will happen just ░░░░░░░░ the other norms he ░░░░░░░░ broken I will say ░░░░░░░░ thing about the way ░░░░░░░░ happened The main thing ░░░░░░░░ try to avoid is ░░░░░░░░ leak of the data ░░░░░░░░ then trades on it ░░░░░░░░ avoid insider trading Yeah ░░░░░░░░ s not what happened ░░░░░░░░ this was just jumping ░░░░░░░░ gun on the public ░░░░░░░░ Equal access just earlier ░░░░░░░░ expected It was a ░░░░░░░░ tweet It was a ░░░░░░░░ tweet I think there ░░░░░░░░ the only concern would ░░░░░░░░ in the hours between ░░░░░░░░ the information and putting ░░░░░░░░ tweet out an hour ░░░░░░░░ the data was released ░░░░░░░░ he talk to anybody ░░░░░░░░ Sure We know he ░░░░░░░░ to a lot of ░░░░░░░░ and CEOs That s ░░░░░░░░ is it time to ░░░░░░░░ away with the protocol ░░░░░░░░ that s the question ░░░░░░░░ what do you think ░░░░░░░░ else That s Anything ░░░░░░░░ do ahead of time ░░░░░░░░ this the main one ░░░░░░░░ are enormous number statistics ░░░░░░░░ through the progress there ░░░░░░░░ housing starts you name ░░░░░░░░ all of those are ░░░░░░░░ market moving pieces of ░░░░░░░░ and so there should ░░░░░░░░ be any leaking of ░░░░░░░░ information and certainly if ░░░░░░░░ president or anyone else ░░░░░░░░ chatting about it between ░░░░░░░░ the data arrives and ░░░░░░░░ release that s a ░░░░░░░░ problem Yeah The propriety ░░░░░░░░ what I find fun ░░░░░░░░ it is you have ░░░░░░░░ infer from the tweet ░░░░░░░░ was a positive number ░░░░░░░░ them if you wanted ░░░░░░░░ trade off of it ░░░░░░░░ do you do What ░░░░░░░░ the president consider positive ░░░░░░░░ that positive number in ░░░░░░░░ interpretation be taken positively ░░░░░░░░ the stock and bond ░░░░░░░░ Time to shut down ░░░░░░░░ protocol but we ll ░░░░░░░░ Next month if he ░░░░░░░░ or doesn t If ░░░░░░░░ s no information guys ░░░░░░░░ you both appreciate the ░░░░░░░░ very much.