Steve Rattner: The Economy Is Getting Weaker; We Could Have a Recession Very Easily

SCARBOROUGH So that s ░░░░░░░░ a point and a ░░░░░░░░ lower than Bill Clinton ░░░░░░░░ economy RATTNER And even ░░░░░░░░ Obama who he trashes ░░░░░░░░ day was 2 2 ░░░░░░░░ Yeah So he s ░░░░░░░░ lot closer to Barack ░░░░░░░░ than Bill Clinton I ░░░░░░░░ this up Willie I ░░░░░░░░ it in such a ░░░░░░░░ manner because I get ░░░░░░░░ sick and tired of ░░░░░░░░ called experts and pundits ░░░░░░░░ Well of course you ░░░░░░░░ the reason why they ░░░░░░░░ putting up with rape ░░░░░░░░ is because the economy ░░░░░░░░ better than it s ░░░░░░░░ been Or because it ░░░░░░░░ so much better No ░░░░░░░░ s not You can ░░░░░░░░ It s just about ░░░░░░░░ Whether you talk about ░░░░░░░░ unemployment white unemployment Latino ░░░░░░░░ the GDP wages look ░░░░░░░░ is all on a ░░░░░░░░ eight year glide path ░░░░░░░░ unemployment 10 11 it ░░░░░░░░ been steadily going down ░░░░░░░░ this So I just ░░░░░░░░ s I expect Donald ░░░░░░░░ to say it Baked ░░░░░░░░ the cake But my ░░░░░░░░ can reporters stop being ░░░░░░░░ lazy Can hosts stop ░░░░░░░░ so lazy Can talk ░░░░░░░░ hosts stop being so ░░░░░░░░ And stop saying that ░░░░░░░░ is like the Trump ░░░░░░░░ BRZEZINSKI Parroting him GEIST ░░░░░░░░ a snapshot of the ░░░░░░░░ moment the economy is ░░░░░░░░ relatively well But as ░░░░░░░░ point out it s ░░░░░░░░ byproduct and the end ░░░░░░░░ a long process that ░░░░░░░░ been going on for ░░░░░░░░ decade Remember one of ░░░░░░░░ big narratives of the ░░░░░░░░ presidency and his campaign ░░░░░░░░ I alone can fix ░░░░░░░░ I inherited a mess ░░░░░░░░ says again and again ░░░░░░░░ isn t true The ░░░░░░░░ mess was inherited by ░░░░░░░░ Obama in 2008 Right ░░░░░░░░ the middle of the ░░░░░░░░ recession he inherited a ░░░░░░░░ and helped us build ░░░░░░░░ way out of it ░░░░░░░░ the president of the ░░░░░░░░ States now Donald Trump ░░░░░░░░ not inherited a mess ░░░░░░░░ to portray that mess ░░░░░░░░ needs to say Yes ░░░░░░░░ s the story that ░░░░░░░░ m going to tell ░░░░░░░░ which is that the ░░░░░░░░ was a disaster he ░░░░░░░░ it again with Chuck ░░░░░░░░ Sunday and I rode ░░░░░░░░ on my white horse ░░░░░░░░ I m saving the ░░░░░░░░ I alone am fixing ░░░░░░░░ I m making America ░░░░░░░░ again It s not ░░░░░░░░ in fact as Steve ░░░░░░░░ just laid out but ░░░░░░░░ s the story he ░░░░░░░░ to tell to portray ░░░░░░░░ sense of success of ░░░░░░░░ presidency SCARBOROUGH And this ░░░░░░░░ s sports analogy Mika ░░░░░░░░ I know you need ░░░░░░░░ sports analogy is Team ░░░░░░░░ takes the ball on ░░░░░░░░ five yard line drives ░░░░░░░░ the length of the ░░░░░░░░ to about the ten ░░░░░░░░ line the other ten ░░░░░░░░ line And then Team ░░░░░░░░ takes it over the ░░░░░░░░ line after carrying it ░░░░░░░░ yards and says Oh ░░░░░░░░ how great I am ░░░░░░░░ people that took us ░░░░░░░░ 85 yards are lousy ░░░░░░░░ mean the question is ░░░░░░░░ Trump have a 6 ░░░░░░░░ 2 7 year record ░░░░░░░░ economic growth Well we ░░░░░░░░ never find out but ░░░░░░░░ doubt it RATTNER It ░░░░░░░░ worse than that because ░░░░░░░░ is actually on the ░░░░░░░░ of taking the ball ░░░░░░░░ throwing it into the ░░░░░░░░ stand The economy is ░░░░░░░░ very weaker as we ░░░░░░░░ here today You see ░░░░░░░░ starting to go down ░░░░░░░░ see things weakening all ░░░░░░░░ the economy and it ░░░░░░░░ directly really attributable to ░░░░░░░░ trade war and to ░░░░░░░░ of his other economic ░░░░░░░░ that are really we ░░░░░░░░ have a recession very ░░░░░░░░ in the next few ░░░░░░░░