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Part One: Achieving Prosperity
Presidential debates Oral statement
ood evening. Presidential debates ,The race is virtually tied one reason this is among the most and to supported Presidential debates in history. Hillary Clinton arrived in the hall a short time ago. Donald Trump is here as well. He is the political novice seventy year old billionaire with the incendiary anti establishment rhetoric will be debating the sixty eight year old establishment pro former first lady senator and secretary of state who has more experience at presidential debates than anyone.
This is the first of three presidential debates the first time voters can hold a candidate in each hand and compare the ingredients side by side. The debate is sponsored by the nonpartisan commission on presidential debates.
It has selected N.B.C. News Lester Holt as the moderator tonight and he is solely responsible for the topics and the questions. He’ll be explaining the ground rule shortly first John Dickerson moderator of Face the Nation. You know Scott there’s a sense of decorum to a
general election debate that’s just different than those ones we saw in the primaries it’s the
campaign event that most closely approximates the formality of the president.
So tonight will be about sharpening the choices between the two candidates it will be about issues but also how they approach the issues and how they communicate them as they’ll have to as president but if we look at history. It’s sometimes a quip or a stumble that the voters pay attention to that ends up defining the night. Now let’s go to our campaign correspondents Major Garrett covering the Trump campaign Major Scott for Donald Trump and his team a small measure of victory will be achieved when he walks on stage invested with the stature and credibility a presidential debates by its very nature confers the next hurdle for trying to persuade the country that he is prepared for the rigors of the
presidency and he understands how to address their anxiety about terrorism at home and abroad and their anxiousness about economic realities shaped by the forces of globalization.
Nancy cortices covering the Clinton campaign Mansi it’s got Hillary Clinton arrived with her husband. Former president we saw him shaking hands with in the lobby a trump a few minutes ago and you know normally campaigns try to lower expectations for their candidate in this case the Clinton campaign has been very busy trying to raise expectations for Donald Trump They say he needs to be held to the same standard as Clinton when it comes to understanding the issues and being truthful about prostate means.
Nancy Cordes And Major Garrett course tonight. Thanks big stakes tonight because the race is tied and also because there are more undecided viewers than usual. Lester Holt as we said he is the moderator tonight and we will go down to the podiums now.
Good evening from Hofstra University in Hemp stead New York. I’m Lester Holt anchor of N.B.C. Nightly News I want to welcome you to the first presidential debates the participants tonight are Donald Trump and Hillary Clinton this debate is sponsored by the Commission on Presidential Debates a nonpartisan nonprofit organization that commissioned drafted tonight’s format and the rules have been agreed to by the campaigns the ninety minute debate is divided into six segments each fifty minutes long.
Will explore three topic areas tonight achieving prosperity America’s direction and securing America at the start of each segment I will ask the same lead off question to both candidates and they will each have up to two minutes to respond. From that point until the end of the segment will have an open discussion. The questions are mine and have not been shared with the commission or the campaigns.
The audience here in the room has agreed to remain silent. So that we can focus on what the
candidates are saying I will invite you to applaud However at this moment as we walk in the
candidates Democratic nominee for president of the United States Hillary Clinton and Republican nominee was was the of the. The it was the the the with Thug gee of the thang Well I don’t expect us to cover all the issues of this campaign tonight but I remind everyone there are two more presidential debates scheduled we are going to focus on many of the issues that voters tell us are most important and we’re going to press for specifics.
I am honored to have this role but this evening belongs to the candidates and just as important to the American people candidates we look forward to hearing your particular policies and your positions as well as your visions and your values. So let’s begin. We’re calling this opening segment achieving prosperity and central to that is jobs.
Presidential debates There are two economic realities in America today there’s been a record six straight years of job growth and new census numbers show incomes have increased at a record rate after years of stagnation. However income inequality remains significant in nearly half of Americans are living .
paycheck to paycheck beginning with you. Secretary Clinton. Why are you a better choice than your opponent to create the kinds of jobs that will put more money into the pockets of American workers.
Well thank you.
Lester And thanks to Hofstra for hosting us the central question in this election is
really what kind of country we want to be and what kind of future we’ll build together today is my granddaughter second birthday so I think about this a lot. First we have to build an economy that works for everyone not just those at the top. That means we need new jobs good jobs with rising incomes.
I want us to invest in you. I want to invest in your future. That means jobs in infrastructure
in advanced manufacturing inundation and. And technology clean renewable energy and small business because most of the new jobs will come from small business. We also have to make the economy fairer that starts with raising the national minimum wage and also guarantee.
Finally equal pay for women’s work.
I also want to see more companies to profit sharing. If you help create the
profits you should be able to share in them not just the executives at the top and I want us to do more to support people who are struggling to balance family and work. I’ve heard from so many of you about the difficult choices you face and the stresses that you’re under so let’s have paid family leave earned sick days.
Let’s be sure we have affordable child care and debt free college. How are
we going to do it. We’re going to do it by having the wealthy pay their fair share and close the corporate loopholes. Finally we tonight are on the stage together Donald Trump and I. Donald. It’s good to be with you. We’re going to have a debate where we are talking about the important issues facing our country you have to judge us who can shoulder the immense awesome responsibilities of the presidency. Who can put into action. The plans that will make your life better.
I hope that I will be able to earn your vote on November eighth. SECRETARY CLINTON Thank you Mr Trump the same question to you. It’s about putting money more money into the pockets of American workers.
You have up to two minutes. Thank you. Last June. Our jobs are fleeing the country. They’re going to Mexico. They’re going to many other countries. If you look at what China is doing to our country in terms of making our product they’re devaluing their currency and there’s nobody in our government to fight them and we have a very good fight and we have a winning fight because they’re using our country as a piggy bank to rebuild China and many other country. Doing the same thing.
So we’re losing our good jobs so many of them when you look at what’s happening in Mexico a friend of mine who builds plants said it’s the eighth wonder of the world that building some of the biggest plants anywhere in the world. Some of the most sophisticated some of the best plants with the United States as he said not so much so. Ford is leaving you see that their small car division leaving thousands of jobs leaving Michigan and leaving Ohio. They’re all leaving and we can’t allow it to happen any more. As far as child care is concerned. And so many other things I think Hillary and I agree on that we probably disagree a little bit as to. Numbers and amounts and what we’re going to do but perhaps we’ll be talking about that later but we have to stop our jobs from being stolen from us.
We have to stop our companies from leaving the United States and with it. Firing all of the
people you have to do is take a look at Carrier air conditioning in Indianapolis. They left fired
fourteen hundred people they’re going to Mexico so many hundreds and hundreds of companies are doing this we cannot let it happen under my plan. I’ll be reducing taxes tremendously from thirty five percent to fifteen percent for companies small and big businesses. That’s going to be a job creator like we haven’t seen since Ronald Reagan. It’s going to be a beautiful thing to watch companies will come they will build they will expand new companies will start and I look very very much forward to doing it.
We have to renegotiate our trade deals and we have to stop these countries from stealing our companies and our jobs. SECRETARY CLINTON Would you like to respond. Well I think that trade is an important issue of course we are five percent of the world’s
population we have to trade with the other ninety five percent and we need to have smart fair trade deals. We also need to have a tax system that reward. Ads work and not just financial transactions and the kind of plan that Donald as put forth would be trickle down economics all over again.
In fact it would be the most extreme version the biggest tax cuts for the top percent of the people in this country that we’ve ever had. I call it trumped up trickle down because that’s exactly what it would be that is not how we grow the economy. We just have a different view about what’s best for growing.
The economy how we make investments that will actually produce jobs and rising incomes. I think we come at it from somewhat different perspectives. I understand that you know Donald was very fortunate in his life and that’s all to his benefit. You started his business with fourteen million dollars borrowed from his father and he really believes that the more you help wealthy people the better off we’ll be and that everything will work out from there. I don’t buy that I have a different experience.
My father was a small businessman he worked really hard. He printed drapery fabrics on long tables where he’d pull out those fabrics and he went down with a silk screen and dumped the paint in and took the squeegee and kept going and so what I believe is the more we can do for the middle class.
The more we can invest in you your education your skills your future the better we will be off and the better. We’ll grow and that’s the kind of economy I want us to see again let me fill up Mr Trump if I can and you’ve talked about creating twenty five million jobs and you’ve promised to bring bring back millions of jobs for Americans. How are we going to bring back the industries that have left this country for cheaper labor overseas How specifically are you going to tell American manufacturers that you have to come back. Well for one thing and before we start on that one farther you give me a very small loan in one thousand seventy five and I built it into a company that’s worth many many billions of dollars with some of the greatest assets in the world and I say that only because that’s the kind of thinking that there. Country needs our country is in deep trouble.
We don’t know what we’re doing when it comes to devaluations and all of these countries all over the world especially China they’re the the best the best ever at it. What they’re doing to us is a very very sad thing. So we have to do that we have to renegotiate a trade deal so unless they’re taking they’re giving incentives they’re doing things that frankly we don’t do. Let me give you the example of Mexico. They have a vet techs who are in a different system when we sell into Mexico.
There is a tax when they sell an automatic sixteen percent approximately when they sell into us. This is no tax. It’s a defective agreement. It’s been defective for a long time many years but the politicians haven’t done anything about it now in all fairness to Secretary Clinton. Yes said OK good. I want you to be very happy. It’s very important to me but in all fairness to Secretary Clinton when she started talking about this.
It was really very recently she’s been doing this for thirty years and why hasn’t she made the
agreements better the NAFTA agreement is defective just because of the tax and many other reasons but just because of the fact let me interrupt it’s a member. Secretary Clinton and others politicians should have been doing this for years. Not right now because of the fact that we’ve created a movement. They should have been doing this for years. What’s happened to our jobs and our country and our economy generally it’s look we owe twenty trillion dollars We cannot do it any longer.
Lester back to the question though. How do you bring back specifically bring back jobs
American manufacturers How do you make them bring the jobs back. Well the first thing you do is don’t let the jobs leaf the companies are leaving I could name I mean there are thousands of them they’re leaving and they’re leaving in bigger numbers than ever and what you do is you say fine. You want to go to Mexico or some other country. Good luck we wish you a lot of luck. But if you think you’re going to make your air conditioners or your cars or your cook. So what if you make and bring them into our country without the tax you’re wrong and once you say you’re going to have to tax them coming in and all politicians never do this because they have special interests and the special interests want those companies to leave because in many cases they own the companies.
So what I’m saying is we can stop them from leaving.
We have to stop them from leaving and that’s a big big factor. Let me let Secretary Clinton Well let’s stop for a second. And remember where we were eight years ago we had the worst financial crisis the great recession the worst since the one nine hundred
thirty S. that was in large part because of tax policies that slash taxes on the wealthy failed to invest
in the middle class took their eyes off of Wall Street and created a perfect storm and fact Donald was one of the people who rooted for the housing crisis. He said back in two thousand and six.
Gee I hope it does collapse because then I can go in and buy some and make some money. Well it did collapse. That’s going on. This is but i million people ninety million people lost their jobs five million people lost their homes and thirteen trillion dollars in family wealth was wiped out.
Now we have come back from that a bit us and it has not been easy. So we’re now on the precipice of having a potentially much better economy but the last thing we need to do is to go back to the policies that failed us in the first place. Independent experts have looked at what I’ve proposed and looked at what Donald’s proposed and basically they’ve said this that if his tax plan which would blow up the debt by over five trillion dollars and would in some instances disadvantage middle class families compared to the wealthy were to go into effect we would lose three and a half million jobs and made.
We have another recession. They’ve looked at my plans and they’ve said OK if we can do this and I intend to get it done. We will have ten million more new jobs because we will be making investments where we can grow the economy take clean energy some country is going to be the clean energy superpower of the twenty first century. Donald thinks that climate change is a hoax perpetrated by the Chinese I think it’s real and I insist I do not say that and I think I do not mean that we grip this and deal with it.
Both at home and abroad and here’s what we can do we can deploy a half a billion
more solar panels we can have a Nothe clean energy to power every home. We can build a new modern electric grid. That’s a lot of jobs that’s a lot of new economic activity. So I’ve tried to be very specific about what we can and should do and I am determined that we’re going to get the economy really moving again building on the progress we’ve made over the last eight years but never going back to what got us in trouble in the first place is a drop. She talks about solar panels.
We had vested in the solar company or country that was a disaster. They lost plenty of money on that one. Now look I’m a great believer in all forms of energy but we’re putting a lot of people out of work our energy policies are a disaster our country is losing so much in terms of energy in terms of paying off for dead. You can’t do what you’re looking to do with twenty trillion in debt. The Obama administration from the time they’ve come in is over two hundred thirty years worth of debt. And he’s topped it. He’s doubled it in the course of almost eight years seven and a half years to be so my exact so I will tell you this.
We have to do a much better job at keeping our jobs and we have to do a much better job of giving companies incentive to build new companies to expand because they’re not. And all you have to do is look at Michigan. Look at Ohio and look at all of these places where so
many of their. At their jobs and their companies are just leaving their gun and who just ask you this.
You’ve been doing this for thirty years. Why. You just think about these solutions right now for thirty years you’ve been doing it and now you’re just starting to think of solutions. Well I will bring excuse me I will bring back jumps. You can’t bring back. Well actually I have thought about this quite a bit for thirteen years I have well not quite that law and I think my husband did a pretty good job in the one nine hundred ninety S. I think a lot about what worked and how we can make it work again while he approves now a new job safe analogous to just a single and strange proved against crimes went up for everybody.
Manufacturing jobs went up. Also in the one nine hundred ninety S. if for actually going to look at the facts when I was in the Senate. I had a number of trade deals that came
before me and I helped them all do the same test. Will they create jobs in America will they raise incomes in America and are they good for our national security. Some of them. I voted for the biggest one a multinational one known as calf to I voted against and because I hold the same standards as I look at all of these trade deals but let’s not assume that trade is the only challenge we have in the economy.
I think it is a part of it and I’ve said what I’m going to do I’m going to have a special prosecutor. We’re going to enforce the trade deals we have. And we’re going to hold people accountable when I was secretary of state. We actually increased American exports globally thirty percent. We increased them to China. Fifty percent. So I know how to really work to get new jobs and to get exports that help to create more new jobs. You haven’t done it in thirty years or twenty six years I mean I’ve been a senator. You haven’t done it and you have I have been a ticket for you there in the state and I have your husband laughter which was one of the worst things that ever happened.
Well that you’re factoring in that is Europe you go to New England you go to Ohio Pennsylvania you go anywhere you want. Secretary Clinton and you will see devastation. When manufacture is down thirty forty sometimes fifty percent NAFTA is the worst trade deal. Maybe ever signed anywhere but certainly ever signed in this country and now you want to approve transpacific partnership you were totally in favor of it then you heard what I was saying how bad it is and you said I can’t win that debate but you know that if you did win you would approve that and that will be almost as bad as NAFTA nothing will ever stop NAFTA that that is just not accurate. I was against it.
Once it was finally negotiated and the terms were laid out I wrote about that in a gold standard. Well I hope that the gold standard of trade and that is a fine is still you’ve ever seen. You know and then you heard what I said about it and all of a sudden you were against well Donald I know you live in your own reality but that is not the facts the facts are. I did say I hoped it would be a good deal but when it was to go. She not which I was not responsible for I concluded it wasn’t I wrote about that was it.
President Obama’s fault Beefeaters it or incident Obama’s then announced. Look there I quit Is it President Obama’s fault. There are because he’s pushing it. There are different views about what’s good for our country our economy and our leadership in the world and I think it’s important to look at what we need to do to get the economy going again. That’s why I said new jobs with rising incomes investments not in more tax cuts that would add five trillion dollars to the debt but you have no Glenn educate Oh I do you know I have no plan a book about it. It’s called Stronger together you can pick it up. It’s about all you can get a bookstore or an airport near you are going to move on but its peak.
I see this we need to have strong growth. Fair growth sustained growth. We also have to
look at how we help families balance their responsibilities at home and their responsibilities at business.
So we have a very robust set of plans and people who have looked at both of our plans have concluded that mine would create ten million jobs and yours would lose us three and a half million jobs and explain who are going to approve one of the biggest tax have it in history.
You are going to approve one of the biggest tax increases in history. You are going to drive business out your regulations are a disaster and you’re going to increase regulations all over the place and by the way my tax cut is the biggest since Ronald Reagan. I’m very proud of it it will create tremendous numbers of new jobs but regulations.
You are going to regulate these businesses out of existence when I go around lest I tell you this. I’ve been all over and when I go around in spite the tax cut the thing the things that business as and people like the most is the fact that I’m cutting regulation. You have regulations on top of regulations new companies cannot form and old companies are going out of business and you want to increase the regulations and make them even worse.
I’m going to cut regulations but I’m going to cut taxes big league and you’re going to raise taxes big league and of story. Let me get you to pause right there because we’re going to one of them that we’re going to read and I started to talk I can’t. That can’t be left to say.
And so I can I go back to grind of assume that there would be a lot of these charges and claims and so facts we have taken the home page of my website Hillary Clinton dot com And we’ve turned it into a fact checker. So if you want to see in real time. What the facts are. Please go and take a look because take a look at mine also had a penny to the dad and your plans would add five trillion dollars to. Debt. What I have proposed would cut regulations and streamline them for small businesses.
What I have proposed would be paid for by raising taxes on the wealthy because they have made all the gains in the economy and I think it’s time that the wealthy and corporations pay their fair share to support this where you just open the next segment. Well Or could I just I do so.
Do you think I should we’re going to go to wherever with you taking a look at it I say she’s going to raise taxes one point three trillion dollars to try and look at her website. You know what it’s no different than this. She’s telling us how to fight ISIS just go to
our website. She tells you how to fight ISIS on our website.
I don’t think General Douglas MacArthur would like that too much of that but next segment will continue. Well it’s obvious that I have a plan to five times across no no you’re telling the enemy everything you want to do now. We’re not see you’re telling the enemy everything you want to do don’t wonder you’ve been fighting.
No wonder you’ve been fighting ISIS your entire adult life that. Go to the plays the fact checkers go where you were on parking lot here and worse still
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