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Speaker 1: Well, this episode of news World, we want to be

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Speaker 1: where we were seven months ago, and next year will

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Speaker 1: be one of the best and greatest years in the

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Speaker 1: history of a country. That's what's happening economically, and that's

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Speaker 1: going to lead to other This election is a choice

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Speaker 1: between a Trump recovery and a Biden depression. He gets

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Speaker 1: in thinking to quadruple your taxes. Well, guess what first

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Speaker 1: thing I do is going to repeal this Trump tax cut?

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Speaker 1: Oh not a Joe. You've said you would repeal all

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Speaker 1: of Trump's tax cuts. But do you mean just for

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Speaker 1: the wealthy or for the middle class too? Because Trump

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Speaker 1: did give the middle class a tax cut. Guess what

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Speaker 1: if you elect me, I'm not going to have your

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Speaker 1: Your taxes are going to be raised, not cut. Would

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Speaker 1: you support a carbon tax some other candidates said they would, Yeah, no,

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Speaker 1: I would know. I would raise and raise billions of dollars,

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Speaker 1: raise the corporate tax rate from twenty to twenty eight

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Speaker 1: percent of them. Well, the truth is that Joe Biden,

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Speaker 1: even though he's portrayed as a moderate, is offering the

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Speaker 1: most expensive democratic tax plan that we've seen from any

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Speaker 1: Democratic candidate in recent history. Would you bring back the

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Speaker 1: individual mandate. Yes, to bring back to the measure man

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Speaker 1: these types of tax increases a ten percent increase in revenue.

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Speaker 1: It would dramatically change the economy, halting the economic progress

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Speaker 1: they were currently seeing. The first thing I would do

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Speaker 1: is President was eliminated the president's tax cut. That's why

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Speaker 1: I'm going to double a capital days right to forty percent.

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Speaker 1: Even Carter cut the capital of days gides. Even Clinton

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Speaker 1: cut the capital of dayscout the downcout cart has gotten

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Speaker 1: fully on this day, and they're declaring why people's life savings.

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Speaker 1: Guess what if you left me, I'm not going to

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Speaker 1: have you. Your taxes are going to be raised, not cut.

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Speaker 1: Oh this is new due to the virus. I'm recording

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Speaker 1: from home, so you may notice a difference in audio quality.

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Speaker 1: I want to take this time for you to understand

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Speaker 1: the very distinct choice we have for the economy, especially

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Speaker 1: in the midst of COVID nineteen, Trump's recovery or Biden's depression.

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Speaker 1: The economic comeback after the devastation of COVID nineteen requires

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Speaker 1: a leader with a strong economic record that will affect

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Speaker 1: the economy in ways we everyday Americans can see and

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Speaker 1: benefit from. Biden's economic plan or sure, I say, depression

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Speaker 1: will bring you higher taxes, an additional countrywide economic shutdown,

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Speaker 1: less job opportunity, and an increased racial unemployment gap. Trump's

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Speaker 1: recovery will bring you a booming stock market, low unemployment rate,

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Speaker 1: job growth, and even lower gas prices. I think, in

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Speaker 1: some ways, the biggest immediate effect of the choice we're

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Speaker 1: going to make an election day is between the Trump

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Speaker 1: recovery and the Biden depression. And you may think that's

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Speaker 1: strong language, but let me explain why I think it's

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Speaker 1: accurate and real. The fact is that we had a

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Speaker 1: remarkable period of economic growth, and we had, as a result,

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Speaker 1: people going to work, coming out of the woodwork. The

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Speaker 1: Trump recovery was so strong that it was getting people

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Speaker 1: who hadn't looked for a job for years, who thought

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Speaker 1: it was impossible to suddenly go out and get work

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Speaker 1: because their friends and their neighbors had jobs. And if

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Speaker 1: you were working in a blue collar job, your salary

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Speaker 1: was going up every single year, going up I actually

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Speaker 1: at a faster rate than at the very top, so

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Speaker 1: that for the first time we were seeing some significant

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Speaker 1: steps towards easing income inequality. Another big jobs report the

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Speaker 1: US economy, adding two hundred and sixty three thousand jobs

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Speaker 1: in April, the unemployment rate sinking to a forty nine

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Speaker 1: year low wow, lows since nineteen sixty nine. And the

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Speaker 1: result was that the workforce grew, and even though the

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Speaker 1: workforce was getting bigger, the unemployment numbers kept coming down

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Speaker 1: because there were more jobs being created than there were

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Speaker 1: people looking for work, and so you actually began in

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Speaker 1: some parts of the country to have a significant shortage.

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Speaker 1: By February of this year, because of the Trump policies,

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Speaker 1: we had achieved the lowest unemployment rate for African Americans

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Speaker 1: in history, the lowest unemployment rate for Latinos in history,

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Speaker 1: the lowest unemployment rate for women, and I think seventy years.

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Speaker 1: All of this was working towards people going back to

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Speaker 1: work and proving their lives, beginning to pursue the American

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Speaker 1: dream once again. And the reasons were policy that Donald Trump,

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Speaker 1: with all of his years in the business community, with

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Speaker 1: his understanding of what creates jobs, what gets investments, what

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Speaker 1: leads people to start businesses, how to get entrepreneurs excited,

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Speaker 1: all of that have been brought to bear and for

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Speaker 1: the first time since Ronald Reagan. You had an aggressively

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Speaker 1: pro entrepreneur president, and that got entrepreneurs excited. Life was fun,

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Speaker 1: they were making money, they were creating jobs. Throughout the campaign,

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Speaker 1: I promised to renegotiate NAFTA, and today we have kept

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Speaker 1: that promise. I'm thrilled to speak to the American people

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Speaker 1: to share truly historic news for our nations. My great

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Speaker 1: honor to announce that we have successfully completed negotiations on

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Speaker 1: a brand new deal to terminate and replace NAFTA with

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Speaker 1: an incredible new US Mexico Canada agreement called us MCA.

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Speaker 1: The agreement will govern nearly one point to three in

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Speaker 1: a trade which makes it the biggest trade deal in

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Speaker 1: the United States history. And then Trump followed a very

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Speaker 1: aggressive policy of going after trading partners who had frankly

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Speaker 1: got deals that were way too easy. He started with

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Speaker 1: Canada and Mexico when people said it was impossible, you

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Speaker 1: can't possibly redo nafter, but he did, and in the

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Speaker 1: end we got a much better deal for American workers,

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Speaker 1: for American farmers, for American companies. He pivoted to our

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Speaker 1: biggest trading partner, China and began to take on what

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Speaker 1: has been the biggest deficit we've faced, and he's made

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Speaker 1: progress there. And so all of a sudden, you had

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Speaker 1: jobs being created in America that in the past, under

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Speaker 1: the Obama Biden policies would have been created in China,

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Speaker 1: or in Mexico or somewhere else. Trump also began taking

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Speaker 1: on the European Union, which is the second largest economic block.

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Speaker 1: If you think it is an entire block, China would

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Speaker 1: be almost equal. But the fact is the Europeans of again,

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Speaker 1: like everybody else, if the United States is willing to

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Speaker 1: be a sucker, they're willing to take us for a sucker.

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Speaker 1: And so he began to change the terms of the

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Speaker 1: relationship to get a better deal for American agriculture, a

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Speaker 1: better deal for American manufacturer. Today, thanks to shale, the

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Speaker 1: United States is the world's top natural gas and oil producer.

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Speaker 1: And then, and what was in some ways the greatest

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Speaker 1: single breakthrough, he aggressively pursued the ability of the new

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Speaker 1: technology of FRAKEI to develop oil fields and gas fields,

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Speaker 1: so that we brought down the price of oil, we

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Speaker 1: brought down the price of natural gas, and we became

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Speaker 1: the largest producer in the world. And that had all

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Speaker 1: sorts of second order effects because suddenly the Saudies, the Kodes,

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Speaker 1: the Barines, the United air of Memberate, they didn't have

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Speaker 1: the leverage that they'd had because they were no longer

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Speaker 1: the center of the world's oil and natural gas industry.

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Speaker 1: The Russians lost money because we were developing so much

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Speaker 1: new oil and new natural gas that they weren't able

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Speaker 1: to have the prices they used to have. The Iranians

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Speaker 1: were further isolated because we could have sanctions and they

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Speaker 1: couldn't threaten our economy. And of course, there were two

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Speaker 1: kinds of growth coming out of oil and natural gas.

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Speaker 1: One just the industry itself, places like North Dakota, West Texas,

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Speaker 1: parts of western Pennsylvania, eastern Ohio. But two, as the

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Speaker 1: price of natural gas in particular came down, the chemical

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Speaker 1: industry began to rebound in America. For years, people thought

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Speaker 1: the chemical industry was all going to go offshore because

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Speaker 1: our natural gas was getting too scarce and too expensive.

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Speaker 1: Now even foreign companies are coming to the US, creating jobs,

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Speaker 1: giving us a sense of a dramatically new and better world.

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Speaker 1: At least six people have died in an outbreak of

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Speaker 1: the new coronavirus, which has now reached the United States.

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Speaker 1: The Centrist for Disease Control and Prevention has confirmed the

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Speaker 1: first US case has been detected in Washington State. The

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Speaker 1: patient who is in isolation recently returned from Uhan, China.

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Speaker 1: I have today declared that the coronavirus presents a public

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Speaker 1: health emergency in the United States. The actions we have

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Speaker 1: taken and continued to take, compliment compliment the work of

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Speaker 1: China and the World Health Organization to contain the all

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Speaker 1: that was up through February, and then with the Chinese

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Speaker 1: virus COVID nineteen, the President had to take some very

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Speaker 1: tough decisions, cutting off travel, ultimately closing down a large

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Speaker 1: part of the economy, going to situations that led to

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Speaker 1: social isolation. All of that created additional difficulties. Fortunately, President

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Speaker 1: and the Congress were able to pass a series of

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Speaker 1: bills that helped rescue the economy. Is a very important day.

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Speaker 1: I'll sign the single biggest economic relief package in American history,

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Speaker 1: and I must say, or any other package, by the way,

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Speaker 1: and this will deliver urgently needed relief to our nation's families, workers,

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Speaker 1: and businesses. And that's what this is all about. So

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Speaker 1: that unlike the Europeans, who are now wallowing and really

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Speaker 1: long difficult problems. And I'm talking to you from Italy,

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Speaker 1: and I can tell you the challenge in Europe, the

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Speaker 1: challenge in Italy is much greater than the challenge in

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Speaker 1: the United States. Now, what's happening in the US is

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Speaker 1: we are beginning to see a rebound that is astonishing.

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Speaker 1: I think when the third quarter numbers come out, the

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Speaker 1: economic growth maybe the highest it's been outside of World

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Speaker 1: War Two in American history. For more on my latest

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Speaker 1: election commentaries, such as op eds, podcasts, and newt Live events,

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Speaker 1: please be sure to join my inner circle at newts

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Speaker 1: intercircle dot com. Hi, I'm Gianno Caldwell. This week on

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Speaker 1: Outloud with Gianno Caldwell, you mentioned Epstein. Do you think

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Speaker 1: that he actually killed himself? He was a heatonist, He

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Speaker 1: lived for his pleasures. My guest is Alan Dershowitz, the

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Speaker 1: longtime professor at Harvard Law School. And the idea that

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Speaker 1: he would be spending the next thirty years of his

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Speaker 1: life in a prison cell with no access to any

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Speaker 1: of his pleasures. What's too much for him? But I

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Speaker 1: don't think he could have done alone. Listen to Out

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Speaker 1: Loud with Giano Caldwell on the iHeartRadio app, Apple Podcast

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Speaker 1: or wherever you get your podcast. Six sixty one thousand

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Speaker 1: jobs created in September. The unemployment rate declined under eight

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Speaker 1: percent to seven point nine percent, according to the Bureau

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Speaker 1: of Labor Statistics. And that's because all of the various

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Speaker 1: Trump policies are coming to bear, and so we didn't

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Speaker 1: end up with the kind of unemployment people projected. It

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Speaker 1: was much lower, it didn't stay as high as people

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Speaker 1: thought to, It came down much faster, and even as

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Speaker 1: recently as today, the index of small business confidence has

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Speaker 1: jumped again as people look around and going, you know,

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Speaker 1: this may work now interestingly, as further proof of the

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Speaker 1: difference between President Trump's approach lower taxes, less regulation, more

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Speaker 1: energy production, better trade deals, and the left's approach. The

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Speaker 1: places in the US that aren't recovering breakfasts, well, they

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Speaker 1: all have liberal democratic governors. They're all states where they

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Speaker 1: follow the wrong policies. They have high taxes, lots of regulations,

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Speaker 1: big bureaucracy, unions that are destructive. The result is you

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Speaker 1: look at where the economy is really starting to boom

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Speaker 1: again and where we're seeing unemployment really come down they're

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Speaker 1: almost all red states, where in fact they're following very

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Speaker 1: Trump like policies lowering taxes, less regulation, more activity to

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Speaker 1: encourage the business community. And if you look at where

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Speaker 1: the problems are greatest, there are places like New York, Illinois, Michigan, California,

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Speaker 1: New Jersey where the liberal Democrats were in charge. Our

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Speaker 1: anti business, anti jobs, want higher and higher taxes, more

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Speaker 1: and more regulations, and they want bigger and bigger bureaucracies

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Speaker 1: so the bureaucrats can join the public employee units. This

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Speaker 1: gap between red states and blue states, I should say

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Speaker 1: red states that are rising in blue states that are stuck.

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Speaker 1: That gap is a perfect model to then think about Biden.

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Speaker 1: When George Stephanopolis asked Vice President Biden, would you raise

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Speaker 1: taxes even if the economy stays weak? And Biden came

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Speaker 1: back and said, I want to raise taxes in January.

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Speaker 1: I don't care what the economy is. This says, let

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Speaker 1: me press you on that you're going to raise the

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Speaker 1: corporate tax. You're going to raise taxes on the wealthy.

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Speaker 1: Is it? Why is to do even that when the

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Speaker 1: economy is as weak as it is right now. Another

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Speaker 1: people a great question and the reason is he wants

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Speaker 1: the money because he represents the pro big government, pro

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Speaker 1: big union, pro big bureaucracy system, and that system needs

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Speaker 1: every tax dollar it can get because without it, it's

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Speaker 1: going to collapse. That's why in Illinois, which has said

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Speaker 1: the highest outmigration of any state in the last ten years,

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Speaker 1: the governor's trying to raise taxes even though it'll drive

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Speaker 1: even more people to leave the state. Is paying off

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Speaker 1: his public employee union allies is more important to him

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Speaker 1: than having businesses, in particular small businesses continue to grow.

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Speaker 1: And so I think the real choice here is pretty stark.

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Speaker 1: It's not like, oh, we're inevitably going to have a

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Speaker 1: pretty good economy. This is a real choice between economic

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Speaker 1: collapse and depression with Biden, and economic growth and recovery

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Speaker 1: with Trump. Now it's fascinating. I did a podcast a

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Speaker 1: while back with James Grant, who'd written a book on

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Speaker 1: the depression of nineteen twenty twenty one, that depression was

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Speaker 1: a straight view. Came up here, went straight down, and

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Speaker 1: they recovered straight back up. It happened so fast that

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Speaker 1: the cultural memory never captured. People didn't go around in

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Speaker 1: the twenties worrying about the depression of nineteen twenty twenty one.

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Speaker 1: It was just an event. That's the goal of President

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Speaker 1: Trump has. Now that we've come down, he's doing everything

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Speaker 1: he can to get us to go right back up

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Speaker 1: in a way which will create jobs, save small businesses,

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Speaker 1: improve your four oh one case, get more money for

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Speaker 1: the pension plans. Frankly helped save social security of medicare,

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Speaker 1: because if you have a rapidly growing economy. I proved

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Speaker 1: this when I was Speaker of the House and we

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Speaker 1: balanced the budget for four straight years. By having enough

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Speaker 1: economic growth, you can save Medicare. You can save Social

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Speaker 1: Security because there's just a lot more money coming in,

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Speaker 1: not because you're raising taxes, but because you're putting more

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Speaker 1: people to work, who are getting better jobs, who have

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Speaker 1: higher incomes, and therefore the taxes they pay go up,

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Speaker 1: but they're going up because their incomes are going up.

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Speaker 1: The opposite of a tax increased depression. Now, what Biden

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Speaker 1: wants to do is versually everything which is made New

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Speaker 1: York and California and Illinois too expensive. Imagine this. We

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Speaker 1: have two models. They're vivid, they're real. You can check them.

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Speaker 1: This model fails. This model works. Yet when you go

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Speaker 1: and say, now, people like Joe Biden, they don't want

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Speaker 1: the model that works. This is the model that creates jobs,

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Speaker 1: leads to small businesses, increases your four oh one k.

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Speaker 1: And people should look when they think about what president

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Speaker 1: is done for the economy, Look at what it's done

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Speaker 1: for their pension plan. Look what it's done for their

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Speaker 1: savings account. Look what it's done for their for h

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Speaker 1: one k. They're all doing better. But it's almost like,

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Speaker 1: if you're a true liberal Democrat, you can't think like this.

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Speaker 1: It's against the rules. You can't join the club and

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Speaker 1: favor the policies that work. And so if you have

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Speaker 1: a vice president candidate who's a radical from San Francisco,

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Speaker 1: and you have a presidential candidate who's given in to

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Speaker 1: the left of virtually everything. Remember his campaign theme is

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Speaker 1: he will raise taxes four trillion dollars. I mean, he

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Speaker 1: seems to think that's a great offer. Well, it is.

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Speaker 1: If you're a government employee union, if you're a government

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Speaker 1: contractor who wants to be there and give money, if

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Speaker 1: you are part of the special interest groups that surround

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Speaker 1: the Democratic Party, you want that four trillion dollars. I mean,

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Speaker 1: the fact that it will crush the economy, it will

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Speaker 1: put us into a very deep procession, potentially a depression.

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Speaker 1: That's why once at Stake is so important. If you

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Speaker 1: think it's important for every American to have a chance

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Speaker 1: to have a job, If you think it's important for

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Speaker 1: local and state governments in the federal government to have

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Speaker 1: enough revenue because everybody's working, everybody's income is going up,

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Speaker 1: everybody has a better future, then the only candidate in

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Speaker 1: this race who has a clue how to get that

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Speaker 1: done is Donald J. Trump. On the other hand, if

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Speaker 1: you don't care that small businesses are crushed, as they're

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Speaker 1: being crushed right now, take a look at New York,

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Speaker 1: take a look at California. These liberal Democrats are adopting policies.

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Speaker 1: I think half the restaurants in New York may go

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Speaker 1: to business because Cuomo doesn't have a clue how a

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Speaker 1: free enterprise system works, doesn't have a clue how small

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Speaker 1: businesses work. I miss people, I miss smiling. I can't

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Speaker 1: smell the smells of restaurants. I can't hear the claiming

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Speaker 1: dishes and glasses. There's a sound of camaraderie that you

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Speaker 1: get in restaurants. I miss that. I missing our staff members.

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Speaker 1: In the restaurant business, you don't have enough cash flow

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Speaker 1: to get through probably more than a month or two

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Speaker 1: without just running out of money. There's six hundred and

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Speaker 1: sixty thousand restaurants in this country. You don't understand, if

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Speaker 1: you're a typical American, that our industry employs more people

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Speaker 1: than the auto industry and airline industries combined. You saw

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Speaker 1: from that famous picture of Nancy Pelosi in San Francisco

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Speaker 1: going into the Haired restaurant without a mask on. But

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Speaker 1: the key thing was she wasn't supposed to be in there.

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Speaker 1: It was closed by order of the governor. She was

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Speaker 1: breaking the rules twice, once going to a place she

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Speaker 1: wasn't supposed to be in, two now wearing a mask.

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Speaker 1: What she did it. Nancy Pelosi is under fire today

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Speaker 1: after surveillance video shows her at a hair salon getting

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Speaker 1: a blowout and not wearing a face ma. The optics

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Speaker 1: don't look that to be a whole lot of explanation.

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Speaker 1: It's terrible. Nancy Pelosi is a hypocrite. I take responsibility

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Speaker 1: for trusting the word of a neighborhood, someone that I've

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Speaker 1: been to over the years many times. As it turns

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Speaker 1: out it was a setup, So I take responsibility for

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Speaker 1: falling for a setup. Well, all of those shutting down

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Speaker 1: beauty parlors, places we can get a pedicure or manicure,

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Speaker 1: local small restaurants, all of those things kill jobs. All

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Speaker 1: of those things make the whole economy weaker. And frankly,

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Speaker 1: between Mayor de Blasio, who's probably the worst mayor in

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Speaker 1: modern times, and Governor Cuomo, I think it may take

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Speaker 1: ten or fifteen years for New York City to recover

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Speaker 1: even with the Trump presidency. And in essence, what Biden

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Speaker 1: is offering is Biden wants to do for America what

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Speaker 1: Cuomo's done for New York City. For more on my

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Speaker 1: latest election commentaries, such as our edge cast and newt

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Speaker 1: Live events, please be sure to join my inner circle

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Speaker 1: at newts inner circle dot com. The LGBTQ community isn't

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Speaker 1: a movement, It's a cult. Just how culty is the

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Speaker 1: LGBTQ cult. They're coming for the kids. The most insidious

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Speaker 1: war that the far left LGBTQ cult is fighting right

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Speaker 1: now is the war un childhood. Listen to Rob Smith

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Speaker 1: is Problematic every Tuesday on the iHeartRadio app, Apple Podcasts

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Speaker 1: or wherever you get your podcasts. Hi, this is new

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Speaker 1: critical time in our history, for the outcome of the

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Speaker 1: next election will set us in a course of two

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Speaker 1: very different American features. As a member of my Inner Circle,

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Speaker 1: helders exclusive invitations to join my video conferences with two

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Speaker 1: dot com. That's Newts Inner Circle dot com. So I

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Speaker 1: just want to take these a few minutes and share

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Speaker 1: with you the facts, the data, the reality of what

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Speaker 1: Donald J. Trump accomplished in his first four years, and

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Speaker 1: the very real danger they were going to go back

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Speaker 1: to the Obama Biden is Remember slowest recovery since the

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Speaker 1: Great Depression was the eight years of Obama and Biden.

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Speaker 1: Remember they passed a huge bill, was going to be

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Speaker 1: a stimulus bill, but it didn't stimulate anything. It didn't

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Speaker 1: stimulate anything because they were raising taxes, they were raising regulations,

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Speaker 1: they were imposing government wife controls on healthcare. The so

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Speaker 1: called shovel ready Bill where they were going to have infrastructure,

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Speaker 1: and about two years later the President Obama said he

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Speaker 1: didn't realize at the time there were no shovel ready providence.

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Speaker 1: I can assure you, as a guy who's built a

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Speaker 1: lot of buildings and knows a lot about infrastructure, if

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Speaker 1: Donald Trump decides to pass an infrastructure bill, there will

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Speaker 1: shove already projects and they will get to work rapidly,

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Speaker 1: and he will have Incenti's built into the bill to

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Speaker 1: do it in an inexpensive, efficient free enterprise model, not

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Speaker 1: a slow paper based over the expensive traditional bureaucratic model.

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Speaker 1: So I think this is all very serious, and I

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Speaker 1: hope that every American will realize that they should vote

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Speaker 1: as though their job depends on. They should vote as

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Speaker 1: though their four oh one K depends on. They should

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Speaker 1: vote as though their pension depends on. If they're a

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Speaker 1: small business, they should vote as though their entire business

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Speaker 1: depends on. Because that is what is at stake, a

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Speaker 1: record of success in creating jobs, a record of failure,

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Speaker 1: and so I do think the real choice is going

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Speaker 1: to be a Trump recovery or a Biden depression. News

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Speaker 1: World is produced by English Sweet sixty and I Heart Media.

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Speaker 1: Are executive producer is DeBie Meyers, and our producer is

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Speaker 1: Garnsey Slow. Our researcher is Rachel Peterson. The artwork for

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