Latest / Real Donald Trump Wisdom / DJT Audio Archive: Republican Debate #4 - Milwaukee, Wisconsin (November 10, 2015)

Transcript

DJT Audio Archive: Republican Debate #4 - Milwaukee, Wisconsin (November 10, 2015) · Real Donald Trump Wisdom

• 0:02
  The road to the White House is long and winding.
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  The candidates have traveled from coast to coast
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  to hear from their fellow Americans, faced tough
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  questions, and laid out a vision for the country.
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  Tonight, the road leads through Wisconsin, the
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  birthplace of the Republican Party. the cradle
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  of American industry. Where winners are crowned
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  and legends are forged. Abraham Lincoln campaigned
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  for president just a few blocks away. Across
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  the street, Teddy Roosevelt was shot by a would
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  -be assassin. And in this very theater, TR campaigned
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  with the blitz still lodged in his chest. The
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  economy is at the top of the agenda. Americans
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  are concerned about their jobs and their families
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  and hope that the road ahead leads to a better
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  future. Here in Wisconsin, they have seen their
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  fair share of partisanship. But they persevere,
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  and their spirit remains strong. From now on,
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  if anyone tries to sell America short... or tells
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  me that Americans don't have the will to compete
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  or the stamina to keep out in front, I'm going
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  to tell them to come and see you, the people
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  of Wisconsin. Election Day is less than a year
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  away. The first votes will be cast in just three
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  months. And for the first time, the end of the
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  road can be seen on the horizon. It is 9 p .m.
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  on the East Coast, 8 p .m. here inside the Milwaukee
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  Theater. Welcome to the Republican presidential
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  debate here on the Fox Business Network. I'm
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  Neil Cavuto, alongside my co -moderators Maria
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  Bartiromo and the editor -in -chief of the Wall
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  Street Journal, Gerard Baker. Tonight, we are
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  partnering with the Wall Street Journal to ask
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  questions on the economy that voters want answered.
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  We're also working with Facebook, who tells us...
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  that since the first Republican debate, more
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  than 58 million people have joined the political
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  conversation online. More than 9 million are
• 2:45
  talking specifically about the economy. The candidates
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  on stage tonight were selected based on their
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  standing in an average of four national polls.
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  Those standings determining their position on
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  the stage. And here they are. At center stage,
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  businessman Donald Trump. Neurosurgeon Dr. Ben
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  Carson. Florida Senator Marco Rubio. Texas Senator
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  Ted Cruz. Former Florida Governor Jeb Bush. Businesswoman
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  Carly Fiorina. Ohio Governor John Kasich. And
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  Kentucky Senator Rand Paul. Tonight's rules are
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  simple. Up to 90 seconds for each answer, one
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  minute for each follow -up response. And if a
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  candidate goes over their allotted time, you'll
• 4:19
  hear this. It sounds like a game show, but it's
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  not. Anyway. Now, I would be remiss if I did
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  not acknowledge the elephant in the room, and
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  I'm not talking about your party's fine symbol.
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  I'm talking about the purpose of tonight's debate.
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  the economy, and what each of you would do to
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  improve it, no more, no less. We are focused
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  on those issues and what you have said on those
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  issues in your words and what your opponents
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  have said in their words about your words. That
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  is the agenda tonight, how each of you plans
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  to make America better tomorrow. And so we begin.
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  Candidates, as we gather tonight in this very
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  august theater, just outside and across the country,
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  picketers are gathering as well. They're demanding
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  an immediate hike in the minimum wage to $15
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  an hour. Just a few hours ago, New York Governor
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  Andrew Cuomo proposed doing the same for all
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  state workers, the first governor to do so. Mr.
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  Trump, As the leading presidential candidate
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  on this stage, and one whose tax plan exempts
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  couples making up to $50 ,000 a year from paying
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  any federal income taxes at all, are you sympathetic
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  to the protesters' cause since a $15 wage works
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  out to about $31 ,000 a year? I can't be, Neil.
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  And the reason I can't be is that we are a country
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  that is being beaten on every front, economically,
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  militarily. There is nothing that we do now to
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  win. We don't win anymore. Our taxes are too
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  high. I've come up with a tax plan that many,
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  many people like very much. It's going to be
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  a tremendous plan. I think it'll make our country
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  and our economy very dynamic. Tax is too high.
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  Wage is too high. We're not going to be able
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  to compete against the world. I hate to say it,
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  but we have to leave it the way it is. People
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  have to go out, they have to work really hard,
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  and they have to get into that upper stratum.
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  But we cannot do this if we are going to compete
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  with the rest of the world. We just can't do
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  it. So do not raise the minimum wage? I would
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  not raise the minimum. Dr. Carson, you have long...
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  Thank you. Dr. Carson, you have long bemoaned
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  this lackluster recovery, and this Facebook map
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  shows that Americans share your concern. The
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  green represents how the jobs issue is resonating
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  all across this nation, especially here in the
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  state of Wisconsin. You've suggested one minimum
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  wage does not fit all, and that perhaps we should
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  offer a lower or starter wage for young people.
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  Those protesters outside are looking for $15
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  and nothing less. Where are you? Well, first
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  of all, delighted to be here. My family's here,
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  and my little granddaughter, who's three years
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  old, said she wanted to come to the debate. So
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  this is very cool. As far as the minimum wage
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  is concerned, people need to be educated on the
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  minimum wage. Every time we raise the minimum
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  wage... the number of jobless people increases.
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  It's particularly a problem in the black community.
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  Only 19 .8 % of black teenagers have a job. We're
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  looking for one. And that's because of those
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  high wages. If you lower those wages, that comes
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  down. I can remember as a youngster, You know,
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  my first job working in a laboratory as a lab
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  assistant and multiple other jobs. But I would
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  not have gotten those jobs if someone had to
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  pay me a large amount of money. But what I did
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  gain from those jobs is a tremendous amount of
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  experience and how to. operate in the world and
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  how to relate to different people and how to
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  become a responsible individual and that's what
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  gave me what I needed to ascend the ladder of
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  opportunity in this country that's what we need
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  to be thinking about how do we allow people to
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  ascend the ladder of opportunity rather than
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  how do we give them everything and keep them
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  dependent so sir just to be clear you would not
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  raise it I would not raise it I would not raise
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  it specifically because I'm interested in making
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  sure that people are able to enter the job market
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  and take advantage of opportunities Senator Rubio,
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  you called the recent Democratic debate in Las
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  Vegas a night of giveaways, including free health
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  care, free college, and a host of other government
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  -paid benefits. Since you aren't a fan of all
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  their giving away, tell us tonight what you would
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  take back. Well, let me begin by answering both
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  the first question and this one, because they're
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  related. As I've said many times before, my parents
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  were never rich people. My father was a bartender.
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  My mother was a maid. They worked for a living.
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  But they were successful people. Because despite
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  the fact that they weren't well educated and
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  had those jobs, they made enough money to buy
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  a home in a safe and stable neighborhood, retire
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  with dignity, leave all four of their children
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  better off than themselves. We call that the
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  American dream, but in fact it's a universal
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  dream of a better life that people have all over
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  the world. It is a reminder that every country
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  in the world has rich people. What makes America
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  special is that we have millions and millions
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  of people that are not rich, that through hard
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  work and perseverance are able to be successful.
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  The problem is that today people are not successful
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  working hard as ever because the economy is not
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  providing jobs that pay enough. If I thought
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  that raising the minimum wage was the best way
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  to help people increase their pay, I would be
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  all for it. But it isn't. In the 21st century,
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  it's a disaster. If you raise the minimum wage,
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  you're going to make people more expensive than
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  a machine. And that means all this automation
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  that's replacing jobs and people right now is
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  only going to be accelerated. Here's the best
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  way to raise wages. Make America the best place
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  in the world to start a business or expand an
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  existing business. Tax reform and regulatory
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  reform. Bring our debt under control. Fully utilize
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  our energy resources so we can reinvigorate manufacturing.
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  Repeal and replace Obamacare. And make higher
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  education faster and easier to access, especially
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  vocational training. For the life of me, I don't
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  know why we have stigmatized vocational education.
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  Welders make more money than philosophers. We
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  need more welders and less philosophers. and
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  if we do that and if we do this if we do this
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  we will be able to increase wages for millions
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  of americans and we will be able to leave everyone
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  better off without making anyone worse off thank
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  you senator rubio we've asked people on facebook
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  to submit their questions for the candidates
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  seth bell wrote We are approaching $20 trillion
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  in national debt. Specifically, what plans do
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  you have to cut federal spending? Governor Kasich,
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  you have spoken much about your success in balancing
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  the budget under President Clinton. Today, the
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  national debt is at record highs and growing
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  unsustainably. Interest will be the fastest growing
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  part of the federal budget, tripling over the
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  next 10 years. Social Security... the lifeline
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  of millions of American seniors, is rushing toward
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  insolvency. With all of the tax plans presented
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  tonight estimated to cost anywhere between $2
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  and $12 trillion over a decade, what specific
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  steps will you take to balance the budget? First
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  of all, let me just say that in the state of
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  Ohio, and I'm the only acting executive on this
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  stage today, we do have a moderate increase in
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  the minimum wage. And I've got to tell you, My
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  father carried mail on his back. His father was
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  a coal miner. He died of black lung. He was losing
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  his eyesight. My mother's mother lived with us.
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  She could barely speak English. I come from a
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  town where if the wind blew the wrong way, people
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  found themselves out of work. And economic theory
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  is fine. But you know what? People need help.
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  Now, I have a plan. that in fact would cut taxes
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  but not eleven or twelve trillion dollars that
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  would put my children further in debt i have
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  a plan that would not only cut taxes lower the
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  income tax rate for individuals lower the tax
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  for businesses so businesses will compete here
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  and not move operations overseas and also a plan
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  the only plan of anybody standing on this stage
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  to get us to a balanced budget by the end of
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  a second term and you know the simple fact of
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  the matter is we hear a lot of promises in this
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  debate a lot of promises about these tax cuts
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  or tax schemes sometimes that i call them hillary
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  and the democrats promise everything on the spending
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  side we've got to be responsible about what we
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  what we propose on the tax side yes lower taxes
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  lower spending My website, johncasek .com, will
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  show you exactly how we balance the budget. I
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  balance the budget in Washington as a chief architect,
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  and I have balanced it in Ohio for one reason.
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  When you balance the budget and you cut taxes,
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  people get work. And our most important moral
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  purpose as leaders in the political system is
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  to make sure we create an environment for job
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  creation so people can live their dreams and
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  realize their God -given potential. That's why
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  it's so important. And for those at the bottom,
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  we've got to do what we can to train them so
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  they can move up. But to just look the other
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  way is not acceptable, because you know what?
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  As the governor of Ohio, I have to deal with
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  real challenges, and we've gotten it done in
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  our state, and I will do it for America. Did
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  you want to name any specific steps, sir? Sure.
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  We would move the Medicare system from a 7 %
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  growth down to about a 5 % growth. And I have
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  a whole series of ways to do that. In Ohio, we
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  reduced Medicaid funding for the poor from 10
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  % to 2 .5%, didn't cut one benefit, or didn't
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  take anybody off the rolls. Why? Because we're
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  innovators. I've been an innovator my entire
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  career, and I really don't care what special
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  interests or lobbyists have to say. I have a
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  job to do when I take over a public office. Now,
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  we freeze non -defense discretionary for eight
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  years. spending our tax cuts balance out and
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  at the end of the day we will get to a balanced
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  budget and I want everybody here to know when
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  I was budget committee chairman in Washington
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  I stepped on every toe in that town and we got
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  to a balanced budget and we had enormous job
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  growth and as governor of Ohio we went from 350
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  ,000 lost jobs to a gain of 347 ,000 jobs I'll
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  do it in Washington I've done it twice I'll do
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  it thrice for the United States of America Senator
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  Cruz, the International Monetary Fund recently
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  cut its expectations for economic growth. Many
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  economists expect a recession to hit the U .S.
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  within the next year due to the weakening of
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  manufacturing. The next president will have to
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  deal with it. You say tax reform is a powerful
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  lever to spur economic expansion. You're calling
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  for a 10 % income tax and a 16 % business tax.
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  What other elements do you need in this plan
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  to actually create jobs? Well, Maria, it's great
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  to be with you. It's great to be here in Milwaukee.
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  You know, the question you asked really, I think,
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  is the most important question any of us can
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  face, which is how do we get the economy growing?
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  How do we bring back economic growth? Because
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  economic growth, it's foundational to every other
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  challenge we have. As you rightly noted, from
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  2008 to today, our economy has grown 1 .2 % a
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  year on average. The Obama economy is a disaster,
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  and the IMF is telling us this is a new normal.
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  It doesn't have to be. If you look at the history
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  of America, There are three levers that government
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  has had to facilitate economic growth. The first
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  is tax reform, and as you noted, I have rolled
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  out a bold and simple flat tax, 10 % for every
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  American that would produce booming growth and
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  4 .9 million new jobs within a decade. The second
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  element is regulatory reform, pulling back the
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  armies of regulators. that have descended like
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  locusts on small businesses. And the third element
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  is sound money. Every time we pursued all three
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  of those, whether in the 1920s with Calvin Coolidge
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  or the 1960s with JFK or the 1980s with Ronald
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  Reagan, the result has been incredible economic
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  growth. We have done it before, and with leadership,
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  we can do it again. Thank you, sir. Excuse me.
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  Governor Bush. I would like to make a comment.
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  You've already made two comments, John. It's
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  my turn. We have more questions for you, Governor
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  Kasich, coming up. We have more questions for
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  you, Governor Kasich. I've got about four minutes
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  last debate. I'm going to get my question right
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  now. I appreciate it, Jeb. I'm all for you. But
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  I want to at some point talk about a value -added
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  tax and $11 -12 trillion tax cuts that will put
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  our kids way deeper in the hole than they have
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  been at this point. So I'd like to talk about
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  it at some point because that's what leadership
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  is. We will certainly get to that. Governor Bush.
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  Yeah. Almost 40 % of Americans are without a
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  job and are not looking. Many have given up.
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  That's what the participation rate tells us.
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  You've said your policies will drive the economy
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  back to 4 % growth, which we haven't seen since
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  the year 2000. What specific regulations would
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  you change, and how will that lead to jobs and
• 18:32
  growth? First of all, we could get to 4 % growth.
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  The new normal of 2 % puts huge demands on government.
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  The reason why we have structural deficits is
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  that more and more people are relying on government.
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  And the growth that we don't have makes the deficit
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  grow. A 4 % growth strategy starts with tax reform.
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  And the proposal that I've laid out is the one
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  the Wall Street Journal editorial board has said
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  is the most pro -growth of all the proposals
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  out there. We eliminate a lot of deductions and
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  cut the rates down. of 20%, which puts us 5 %
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  above, below that of China, and allows us full
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  expensing of investing, it would create an explosion
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  of investment back into this country, creating
• 19:13
  higher wage jobs. And so that's part of it. On
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  the regulatory side, I think we need to repeal
• 19:19
  every rule that Barack Obama has in terms of
• 19:22
  work in progress. Every one of them. And start
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  over. For those that are already in existence,
• 19:29
  the regulation of the internet, we have to start
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  over, but we ought to do that. The Clean Power
• 19:34
  Act, we ought to repeal that and start over on
• 19:38
  that. The Waters of the United States Act, which
• 19:41
  is going to be devastating for agriculture and
• 19:43
  many industries, we should repeal that. We should
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  repeal the rules because the economic costs of
• 19:49
  this far exceed the social benefit. And if we're
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  serious about being serious about high growth,
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  then we have to recognize that small businesses
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  right now, more of them are closing than are
• 19:59
  being set up. Hillary Clinton has said that Barack
• 20:02
  Obama's policies get an A. Really? 1 in 10 people
• 20:07
  right now aren't working or have given up altogether,
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  as you said. That's not an A. 1 in 7 people are
• 20:13
  living in poverty. That's not an A. 1 in 5 children
• 20:16
  are on food stamps. That is not an A. It may
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  be the best that Hillary Clinton can do, but
• 20:21
  it's not the best America can do. Thank you,
• 20:25
  sir. Ms. Fiorina, while you've all pointed out
• 20:35
  how weak the current recovery has been and how
• 20:38
  disappointing by any historical standards, in
• 20:40
  the general election, the Democrats will inevitably
• 20:43
  ask you and voters to compare the recent president's
• 20:46
  jobs performance. Now, in seven years under President
• 20:48
  Obama, the U .S. has added an average of 107
• 20:51
  ,000 jobs a month. Under President Clinton, the
• 20:55
  economy added about 240 ,000 jobs a month. Under
• 20:59
  George W. Bush, it was only 13 ,000 a month.
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  If you win the nomination, you'll probably be
• 21:05
  facing a Democrat named Clinton. How are you
• 21:07
  going to respond to the claim that Democratic
• 21:09
  presidents are better at creating jobs than Republicans?
• 21:13
  Well, first of all, I must say, as I think about
• 21:16
  that question, I think about a woman I met the
• 21:19
  other day. I would guess she was 40 years old.
• 21:23
  She had several children. And she said to me,
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  you know, Carly, I go to bed every night afraid
• 21:30
  for my children's future. And that really struck
• 21:33
  me. This is America. A mother is going to bed
• 21:35
  afraid for her children's future. And the reason
• 21:38
  she's afraid for her children's future is because
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  we've had problems for a long time. Yes, problems
• 21:44
  have gotten much worse under Democrats. But the
• 21:47
  truth is this government has been growing bigger
• 21:49
  and bigger, more corrupt, less effective, crushing
• 21:53
  the engine of economic growth. for a very long
• 21:56
  time. This isn't about just replacing a Democrat
• 21:59
  with a Republican now. It's about actually challenging
• 22:03
  the status quo of big government. Big government
• 22:05
  has created a big business called politics. And
• 22:10
  there are lots of people invested in the status
• 22:13
  quo of that big business called politics. Specifically,
• 22:16
  we need actually to do five things to really
• 22:19
  get this economy going again. We need to go to
• 22:21
  zero -based budgeting so we know where every
• 22:24
  dollar is being spent. We can challenge any dollar,
• 22:26
  cut any dollar, move any dollar. we need to actually
• 22:30
  reform the tax code go to a three -page tax code
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  yes there are plans that will reform our tax
• 22:36
  code to three pages in addition to rolling back
• 22:39
  what president obama has done we need to do a
• 22:41
  top to bottom review of every single regulation
• 22:44
  on the books that hasn't been done in 50 years
• 22:46
  we need to pass the rains act so congress is
• 22:48
  in charge of regulation not nameless faceless
• 22:51
  bureaucrats accountable to no one we've become
• 22:53
  a nation of rules not a nation of laws and finally
• 22:56
  we actually yes to hold government officials
• 23:00
  accountable for their performance. All this has
• 23:02
  to be done and the citizens of this nation must
• 23:05
  help a President Fiorina get it done. We must
• 23:08
  take our government back. Senator Paul, income
• 23:21
  inequality has been rising in the United States.
• 23:24
  Fifty years ago, for example, the average CEO
• 23:27
  of a big corporation in this country earned 20
• 23:30
  times the average salary of one of his or her
• 23:32
  workers. Today, that CEO earns about 300 times
• 23:36
  the average salary of a worker. Does it matter
• 23:40
  at all that the gap between the rich and everyone
• 23:42
  else is widening? Absolutely, and I think that
• 23:45
  we ought to look where income inequality seems
• 23:48
  to be the worst. It seems to be worst in cities
• 23:50
  run by Democrats. States run by Democrats and
• 23:58
  countries currently run by Democrats. So the
• 24:01
  thing is, let's look for root causes. But I would
• 24:04
  also lay some blame at the feet of the Federal
• 24:07
  Reserve. I think the Federal Reserve has made
• 24:09
  this problem worse. By artificially keeping interest
• 24:12
  rates below the market rate, average ordinary
• 24:15
  citizens have a tough time earning interest,
• 24:17
  have a tough time making money. They're actually
• 24:19
  talking now about negative interest. The money
• 24:22
  as it's created through quantitative easing or
• 24:25
  other means tends to start out in the big banks
• 24:27
  in New York. And because we're now paying interest
• 24:30
  for them to keep the money there, much of that
• 24:32
  money has not filtered out into the economy.
• 24:34
  So what we're finding is there is increasing
• 24:36
  income disparity and income inequality. We also
• 24:40
  find that as the Federal Reserve destroys the
• 24:43
  value of the currency, what you're finding is
• 24:46
  that if you're poor, if you make $20 ,000 a year
• 24:48
  and you have three or four kids and you're trying
• 24:51
  to get by, as your prices rise... Whereas the
• 24:54
  value of the dollar shrinks, these are the people
• 24:57
  that are hurt the worst. So really, we need to
• 24:59
  reexamine whether we want a Federal Reserve that's
• 25:03
  involved so much in determining interest rates.
• 25:06
  We also need to look at root causes as to what
• 25:08
  caused the housing boom and the housing collapse.
• 25:11
  But the bottom line is, if you want less income
• 25:13
  inequality, move to a city with a Republican
• 25:15
  mayor or a state with a Republican governor.
• 25:17
  Thank you so much. We're only just getting started.
• 25:22
  Coming up, your taxes. Stick around. You're watching
• 25:26
  Fox Business. Welcome back to the Milwaukee Theater
• 25:41
  and the Republican presidential debate. Let's
• 25:43
  get right back to our questions. Dr. Carson,
• 25:46
  to you. You recently railed against the double
• 25:50
  standard in the media, sir, that seems obsessed
• 25:52
  with inconsistencies and potential exaggerations
• 25:56
  in your life story, but looked the other way
• 25:58
  when it came to then -Senator Barack Obama's.
• 26:01
  Still, as a candidate whose brand has always
• 26:04
  been trust, are you worried your campaign, which
• 26:08
  you've always said, sir, is bigger than you,
• 26:10
  is now being hurt by you? Well, first of all,
• 26:15
  thank you for not asking me what I said in the
• 26:17
  10th grade. I appreciate that. I'll just forget
• 26:26
  that follow -up there. The fact of the matter
• 26:31
  is, you know, we should vet all candidates. I
• 26:35
  have no problem with being vetted. What I do
• 26:39
  have a problem with is being lied about. And
• 26:43
  then putting that out there as truth. And I don't
• 26:50
  even mind that so much if they do it with everybody,
• 26:52
  like people on the other side. But, you know,
• 26:55
  when I look at somebody like Hillary Clinton,
• 26:58
  who sits there and tells her daughter and a government
• 27:04
  official that, no, this was a terrorist attack,
• 27:08
  and then tells everybody else that it was a video.
• 27:12
  Where I came from, they call that a lie. I think
• 27:24
  that's very different from, you know, somebody
• 27:28
  misinterpreting when I said that I was offered
• 27:31
  a scholarship to West Point. That's the words
• 27:35
  that they use. But I've had many people come
• 27:38
  and say the same thing to me. That's what people
• 27:41
  do in those situations. We have to start treating
• 27:44
  people the same and finding out what people really
• 27:47
  think and what they're made of. And people who
• 27:49
  know me know that I'm an honest person. Thank
• 27:54
  you, Dr. Carson. Mr. Trump, a federal appeals
• 28:00
  court just dealt a blow to the Obama administration's
• 28:04
  plan to prevent the deportation of 5 million
• 28:07
  people living in this country illegally. The
• 28:10
  White House is appealing to the Supreme Court.
• 28:12
  At heart of this issue is the effect that illegal
• 28:16
  immigrants are having on our economy. What will
• 28:19
  you do about it? I was so happy yesterday when
• 28:23
  I saw that decision come down. That was an unbelievable
• 28:26
  decision. And we don't have enough of those decisions
• 28:31
  coming down. he of the executive order because
• 28:34
  nobody wants to listen to him including the democrats
• 28:36
  so he just goes around signing executive orders
• 28:39
  that was a great day and frankly we have to stop
• 28:43
  illegal immigration it's hurting us economically
• 28:46
  it's hurting us from every standpoint it's causing
• 28:50
  tremendous difficulty with respect to drugs and
• 28:53
  what that does to many of our inner cities in
• 28:56
  particular and it really is is was such a an
• 29:00
  unbelievable moment because the courts have not
• 29:03
  been ruling in our favor and it was a two -to
• 29:06
  -one decision and it was a terrific thing that
• 29:10
  that happened and i will tell you we are a country
• 29:13
  of laws we need borders we will have a wall the
• 29:19
  wall will be built the wall will be successful
• 29:22
  and if you think walls don't work all you have
• 29:25
  to do is ask israel the wall works believe me
• 29:28
  properly done Believe me. Can you just send 5
• 29:32
  million people back with no effect on the economy?
• 29:34
  You're going to have to bring people. You're
• 29:36
  going to have to send people out. Look, we're
• 29:38
  a country of laws. We either have a country or
• 29:43
  we don't have a country. We are a country of
• 29:45
  laws. They're going to have to go out, and they'll
• 29:48
  come back. But they're going to have to go out,
• 29:50
  and hopefully they get back. But we have no choice
• 29:52
  if we're going to run our country properly and
• 29:56
  if we're going to be a country. Thank you, sir.
• 30:01
  Maria, can we comment on that? Senator Rubio.
• 30:05
  Can we comment on that? Yeah, one quick comment,
• 30:08
  yes. Well, look, in 1986, Ronald Reagan basically
• 30:11
  said the people who were here, if they were law
• 30:13
  -abiding, could stay. What didn't happen is we
• 30:16
  didn't build the walls effectively and we didn't
• 30:19
  control the border. We need to. we need to control
• 30:22
  our border just like people have to control who
• 30:25
  goes in and out of their house but if people
• 30:27
  think that we are going to ship 11 million people
• 30:31
  who are law -abiding who are in this country
• 30:34
  and somehow pick them up at their house and ship
• 30:37
  them out of mexico to mexico think about the
• 30:40
  families think about the children so You know,
• 30:43
  the answer really is, if they've been law -abiding,
• 30:46
  they pay a penalty, they get to stay, we protect
• 30:49
  the wall, anybody else comes over, they go back.
• 30:52
  But for the 11 million people, come on, folks,
• 30:56
  we all know you can't pick them up and ship them
• 30:58
  back across the border. It's a silly argument.
• 31:02
  It's not an adult argument. It makes no sense.
• 31:05
  All I can say is you're lucky in Ohio that you
• 31:09
  struck oil. That's the one thing. Let me just
• 31:12
  tell you. That Dwight Eisenhower, good president,
• 31:16
  great president, people liked him. I like Ike,
• 31:19
  right? The expression, I like Ike. Moved a million
• 31:22
  and a half illegal immigrants out of this country.
• 31:27
  Moved them just beyond the border, they came
• 31:29
  back. Moved them again beyond the border, they
• 31:32
  came back. Didn't like it. Moved them way south,
• 31:36
  they never came back. Dwight Eisenhower. You
• 31:41
  don't get nicer. You don't get friendlier? They
• 31:45
  moved a million and a half people out. We have
• 31:48
  no choice. We have no choice. In the state of
• 32:13
  Ohio, we have grown 347 ,000 jobs. Our unemployment
• 32:19
  is half of what it was. Our fracking industry,
• 32:22
  energy industry, may have contributed 20 ,000.
• 32:26
  But if Mr. Trump understood that the real jobs
• 32:28
  come in the downstream, not in the upstream,
• 32:31
  but in the downstream, and that's where we're
• 32:33
  going to get our jobs. But Ohio is diversified.
• 32:35
  And little false little things, sir, they really
• 32:39
  don't work when it comes to the truth. So the
• 32:42
  fact is, all I'm suggesting, we can't ship 11
• 32:44
  million people out of this country. Children
• 32:47
  would be terrified and it will not work. built
• 32:54
  an unbelievable company worth billions and billions
• 32:56
  of dollars. I don't have to hear from this man.
• 32:59
  Believe me. I don't have to hear from him. Mr.
• 33:03
  Trump, you yourself said let Governor Bush speak.
• 33:09
  Governor Bush. Thank you, Donald, for allowing
• 33:11
  me to speak at the debate. That's really nice
• 33:13
  of you. I really appreciate that. What a generous
• 33:16
  man you are. 12 million illegal immigrants. to
• 33:21
  send them back $500 ,000 a month is just not
• 33:26
  possible. And it's not embracing American values.
• 33:30
  And it would tear communities apart. And it would
• 33:33
  send a signal that we're not the kind of country
• 33:36
  that I know America is. And even having this
• 33:39
  conversation sends a powerful signal. They're
• 33:42
  doing high fives in the Clinton campaign right
• 33:44
  now when they hear this. That's the problem with
• 33:47
  this. We have to win the presidency, and the
• 33:50
  way you win the presidency is to have practical
• 33:52
  plans. Lay them out there. What we need to do
• 33:55
  is allow people to earn legal status where they
• 33:57
  pay a fine, where they work, where they don't
• 34:00
  commit crimes, where they learn English, and
• 34:01
  over an extended period of time, they earn legal
• 34:04
  status. That's the path, a proper path to make
• 34:06
  this work. Senator Rubio. We have millions of
• 34:13
  people right now online trying to come into this
• 34:16
  country. Very, very unfair to the people that
• 34:19
  want to come into our country legally. They've
• 34:22
  gone through the process. They're online. They're
• 34:24
  waiting. Very, very unfair to them. That I can
• 34:27
  tell you. Senator Rubio. Let me take you to a
• 34:33
  question that I think gets to the root of a lot
• 34:34
  of the anxiety that people have in this country.
• 34:37
  The economy is undergoing a transformation through
• 34:39
  information technology. Americans are anxious
• 34:42
  that the new economy isn't producing higher paying
• 34:44
  jobs. Many are concerned that the new wealth
• 34:47
  seems to be going mainly to innovators and investors.
• 34:50
  Meanwhile, with factories run by robots and shopping
• 34:53
  done increasingly on smartphones, many traditional
• 34:56
  jobs are just going away. How do you reassure
• 35:00
  American workers that their jobs are not being
• 35:02
  steadily replaced by machines? That's an excellent
• 35:04
  question, because what we are going through in
• 35:07
  this country is not simply an economic downturn.
• 35:09
  We are living through a massive economic transformation.
• 35:12
  I mean, this economy is nothing like what it
• 35:14
  was like five years ago, not to mention 15 or
• 35:16
  20 years ago. And it isn't just a different economy.
• 35:18
  It's changing faster than ever. You know, it
• 35:20
  took the telephone 75 years to reach 100 million
• 35:23
  users. It took Candy Crush one year to reach
• 35:26
  100 million users. So the world is changing faster
• 35:29
  than ever, and it is disruptive. Number one,
• 35:31
  we are in a global competition now, and several
• 35:33
  of the candidates have said that. There are now
• 35:35
  dozens of developed economies on this planet
• 35:37
  that we have to compete with, and we lose that
• 35:39
  competition because we have the highest business
• 35:40
  tax rate in the industrialized world, because
• 35:43
  we have regulations that continue to grow by
• 35:45
  the billions every single week, because we have
• 35:47
  a crazy health care law that discourages companies
• 35:50
  from hiring people. but because we're not fully
• 35:52
  utilizing our energy resources, that if we did,
• 35:55
  it would bring back all kinds of growth, especially
• 35:57
  in manufacturing, and because we have an outdated
• 35:59
  higher education system. Our higher education
• 36:02
  system is completely outdated. It is too expensive,
• 36:05
  too hard to access, and it doesn't teach 21st
• 36:07
  century skills. If we do what needs to be done,
• 36:10
  tax reform, regulatory reform, fully utilize
• 36:12
  our energy resources, repeal and replace Obamacare,
• 36:16
  and modernize higher education, then we can grasp
• 36:19
  the potential and the promise of this new economy.
• 36:21
  And we won't just save the American dream. We
• 36:23
  will expand it to reach more people and change
• 36:25
  more lives than ever before. And then truly this
• 36:28
  new century can be a new American century. Senator
• 36:32
  Cruz, entitlements. You've argued for raising
• 36:43
  the retirement age and reducing benefits for
• 36:45
  future retirees. But reducing any sort of benefits
• 36:48
  for the elderly has always been notoriously hard
• 36:51
  to do politically. When Speaker Paul Ryan proposed
• 36:54
  replacing traditional Medicare with federally
• 36:57
  funded private plans a few years ago, a liberal
• 36:59
  group responded with a commercial that featured
• 37:02
  a granny being pushed off a cliff. What's going
• 37:05
  to be different this time? Well, my mom is here,
• 37:08
  so I don't think we should be pushing any grannies
• 37:10
  off cliffs. And you misstated what I've said
• 37:14
  on entitlement reform. What I've said is for
• 37:16
  seniors, we should make no changes whatsoever.
• 37:18
  For younger workers, we should gradually raise
• 37:21
  the retirement age. We should have benefits grow
• 37:23
  more slowly, and we should allow them to keep
• 37:25
  a portion of their taxes in a personal account
• 37:27
  that they control and can pass on to their kids.
• 37:30
  I said for future retirees, as I'm saying. Now,
• 37:34
  I want to go back to the discussion we had a
• 37:36
  minute ago, because, you know, what was said
• 37:38
  was right. The Democrats are laughing. Because
• 37:41
  if Republicans join Democrats as the party of
• 37:45
  amnesty, we will lose. And you know, I understand
• 37:53
  that when the mainstream media covers immigration,
• 37:55
  it doesn't often see it as an economic issue.
• 37:58
  But I can tell you for a million of Americans
• 38:01
  at home watching this, it is a very personal
• 38:04
  economic issue. And I will say the politics of
• 38:08
  it would be very, very different if a bunch of
• 38:10
  lawyers or bankers were crossing the Rio Grande.
• 38:13
  Or if a bunch of people with journalism degrees
• 38:16
  were coming over and driving down the wages in
• 38:19
  the press. Then we would see stories about the
• 38:29
  economic calamity that is befalling our nation.
• 38:33
  And I will say, for those of us who believe people
• 38:35
  ought to come to this country legally and we
• 38:37
  should enforce the law, we're tired of being
• 38:40
  told it's anti -immigrant. It's offensive. I
• 38:46
  am the son of an immigrant who came legally from
• 38:50
  Cuba to seek the American dream. And we can embrace
• 38:54
  legal immigrations while believing in the rule
• 38:57
  of law. And I would note, try going illegally.
• 39:00
  to another country. Try going to China or Japan.
• 39:03
  Try going to Mexico. See what they do. Every
• 39:06
  sovereign nation secures its borders and it is
• 39:10
  not compassionate to say we're not going to enforce
• 39:14
  the laws and we're going to drive down the wages
• 39:17
  for millions of hardworking men and women. That
• 39:20
  is abandoning the working men. Let's go back
• 39:28
  to Facebook. DeWayne Wesley Cato asks on Facebook,
• 39:32
  how do we get rid of regulations choking our
• 39:35
  businesses? Ms. Fiorina, specifically under the
• 39:40
  President's Affordable Care Act, employers with
• 39:43
  50 or more employees are required to offer health
• 39:46
  insurance or be fined. Many are opting to pay
• 39:50
  the fine. Others are cutting back employee hours
• 39:53
  to duck the law altogether. What specific ways
• 39:58
  will you alleviate the pressure on small business?
• 40:02
  Well first, Obamacare has to be repealed because
• 40:05
  it's failing. It's failing the very people it
• 40:10
  was intended to help, but also it is crony capitalism
• 40:12
  at its worst. Who helped write this bill? drug
• 40:17
  companies, insurance companies, pharmaceutical
• 40:19
  companies, and every single one of those kinds
• 40:22
  of companies are bulking up to deal with big
• 40:24
  government. See, that's what happens as government
• 40:27
  gets bigger and bigger, and it has been for 50
• 40:29
  years under Republicans and Democrats alike.
• 40:33
  businesses have to bulk up to deal with big government
• 40:35
  so we have to repeal it it's tens of thousands
• 40:38
  of pages long no one can possibly understand
• 40:40
  it except the big companies the lawyers the accountants
• 40:43
  the lobbyists that they hire to protect their
• 40:46
  interests then we have to give back to states
• 40:48
  the responsibility to manage a high -risk pool
• 40:50
  we need to try the one thing in health insurance
• 40:53
  we've never tried health insurance has always
• 40:55
  been a cozy little game between regulators and
• 40:58
  health insurance companies we need to try the
• 41:00
  free market the free market where people actually
• 41:03
  have to compete. And we ought to have the government
• 41:08
  ensure that you must, and I don't use that term
• 41:12
  often, the government ought to do something,
• 41:13
  that every health care provider ought to publish
• 41:16
  its costs, its prices, its outcomes, because
• 41:18
  as patients, we don't know what we're buying.
• 41:22
  Now let me just say, let me just say, i know
• 41:25
  more about innovation and entrepreneurship than
• 41:27
  anyone on this panel because i have led innovative
• 41:30
  businesses in the most highly competitive industry
• 41:34
  in the world for decades the truth is the secret
• 41:38
  sauce of america is innovation and entrepreneurship
• 41:42
  it is why we must cut our government down to
• 41:45
  size and hold it accountable it's why we have
• 41:47
  to take our government back because innovation
• 41:49
  and entrepreneurship is crushed by the crushing
• 41:53
  load of a 73 000 page tax code it is crushed
• 41:57
  regulatory thicket that is so vast we don't even
• 42:00
  know what's in it anymore it is crushed as well
• 42:02
  by government bureaucrats who don't do their
• 42:05
  jobs very well and who are not held accountable,
• 42:07
  which is why I've said we've got to take our
• 42:09
  government back. And to do that, we have to know
• 42:12
  where every dollar is being spent and be able
• 42:14
  to move any dollar. We have to hack through this
• 42:16
  regulatory thicket, repeal so much, but also
• 42:19
  know what's in that regulatory thicket. We don't
• 42:22
  even know what regulations have been passed.
• 42:24
  Third, we need to build a meritocracy. As Scott
• 42:27
  Walker, by the way, is trying now to do in Wisconsin.
• 42:30
  And finally, we need to get to a three -page
• 42:33
  tax code, and yes, that plan exists. Just to
• 42:36
  be clear, you want to repeal Obamacare, but what's
• 42:40
  the alternative? I'm sorry, I can't hear you.
• 42:44
  Just to be clear, you said you would repeal Obamacare,
• 42:47
  but what is the alternative? And how does that
• 42:49
  help small businesses? The alternative is to
• 42:52
  allow states to manage high -risk pools for those
• 42:55
  who really need help. Look, I'm a cancer survivor.
• 42:58
  Okay? I understand that you cannot have someone
• 43:01
  who's battled cancer just become known as a pre
• 43:04
  -existing condition. I understand that you cannot
• 43:06
  allow families to go bankrupt if they truly need
• 43:09
  help. But I also understand that Obamacare isn't
• 43:12
  helping anyone. We're throwing more and more
• 43:14
  people into Medicaid, and fewer and fewer doctors
• 43:16
  are taking those payments. The point is Obamacare
• 43:19
  is crushing small businesses. It is not helping
• 43:22
  the families it was intended to help. So let
• 43:24
  us allow states to manage high -risk pools. one
• 43:28
  thing in health insurance we've never tried the
• 43:30
  free market let us ensure that as patients and
• 43:33
  customers we have the information to shop wisely
• 43:36
  for our health care all right thank you all very
• 43:40
  much we're going to take a break here coming
• 43:41
  up a big issue many americans are facing taxes
• 43:45
  the republican presidential debate continues
• 43:48
  now live from milwaukee presidential debate live
• 44:12
  from Milwaukee let's get back to the questions
• 44:15
  and we want to touch on obviously one of the
• 44:17
  biggest of this issue in this year taxes and
• 44:20
  this will go to several of you one of the biggest
• 44:23
  economic concerns of course in the country our
• 44:25
  taxes Facebook data certainly backs that up once
• 44:29
  again the green on this map that we're going
• 44:31
  to see here shows how the conversation around
• 44:33
  taxes is resonating across the nation, especially
• 44:36
  here in Wisconsin. First off, Dr. Carson, to
• 44:39
  you, you say you are in favor of a tax system,
• 44:43
  I guess akin to tithing, sir, with a flat tax
• 44:45
  rate of up to 15 % because you said, if everybody
• 44:49
  pays this, I think God is a pretty fair guy,
• 44:52
  so tithing is a pretty fair process. But Donald
• 44:56
  Trump says that is not fair. that wealthier taxpayers
• 44:59
  should pay a higher rate because it's a fair
• 45:02
  thing to do. So whose plan would God endorse
• 45:05
  then, doctor? Yours or Mr. Trump's? Well, you
• 45:10
  know, when I say tithing, I'm talking about the
• 45:13
  concept of proportionality. Everybody should
• 45:16
  pay the same proportion of what they make. You
• 45:19
  make $10 billion, you pay a billion. You make
• 45:22
  $10, you pay one. You get the same rights and
• 45:25
  privileges. I don't see how anything gets a whole
• 45:27
  lot fairer than that. But you also have to get
• 45:30
  rid of all the deductions and all the loopholes
• 45:32
  because that's the thing that tilts it in one
• 45:35
  direction or another. And you have to set the
• 45:38
  rate at an appropriate level. Now, I will say
• 45:42
  that there are a lot of people who say if you
• 45:45
  get rid of the deductions, you ruin the American
• 45:48
  dream because, you know, home mortgage deduction.
• 45:52
  But the fact of the matter is, people had homes
• 45:55
  before 1913 when we introduced the federal income
• 45:59
  tax, and later after that started deductions.
• 46:02
  And they say there'll be no more charitable giving.
• 46:05
  We had churches before that and charitable organizations
• 46:08
  before that. The fact of the matter is, I believe
• 46:11
  if you put more money in people's pockets, that
• 46:13
  they will actually be more generous rather than
• 46:16
  less generous. And it's the money that they earn.
• 46:23
  The other thing is I do care about the poor people
• 46:27
  and in the system that we're putting together
• 46:29
  There will be a rebate for people at the poverty
• 46:33
  level But I also want to emphasize the fact that
• 46:37
  as we get the economy moving, and I hope I get
• 46:40
  a question about how do we get the economy moving,
• 46:43
  there will be a lot more opportunities for poor
• 46:48
  people not to be poor people. Because this is
• 46:50
  America. This is the land of dreams. And our
• 46:53
  policy should be aimed at allowing people to
• 46:56
  realize that dream. Thank you very much. Senator
• 47:02
  Paul, you said you want to blow up the tax code
• 47:05
  and start over with an across -the -board 14
• 47:07
  .5 % fair and flat tax. You happily offer that
• 47:11
  it is not revenue neutral, and that's the idea.
• 47:13
  You want to choke off the amount of money coming
• 47:16
  into Washington. But don't you risk creating
• 47:19
  a near -term budget crisis, just as your presidency
• 47:24
  would be beginning? Well, it's a great question,
• 47:26
  Neil, and thanks for including me in the tax
• 47:28
  debate. I think what's important about the tax
• 47:31
  debate is that we have to ask the question, where
• 47:34
  is money best spent? In the private sector or
• 47:36
  in the government sector? I want a government
• 47:38
  really, really small. So small you can barely
• 47:41
  see it. So I want lower taxes and much more money
• 47:45
  in the private sector. My tax plan, however,
• 47:50
  is the only tax plan among any of the candidates
• 47:53
  on the stage that is part of a balanced budget
• 47:56
  plan. I've put forward three plans that actually
• 47:58
  balance the budget over a five -year period.
• 48:01
  Each of these plans have details on exactly where
• 48:04
  we'd cut. The question came up earlier, where
• 48:06
  would you cut? Nobody likes to say where they
• 48:09
  would cut. I've put pencil to paper and done
• 48:11
  three budgets that actually balance. I'm also
• 48:14
  in favor of a plan called the Penny Plan, where
• 48:17
  we just cut 1 % across the board, and that budget
• 48:20
  actually balances in less than five years. So
• 48:23
  I think what's extraordinary about my tax plan
• 48:25
  is it is in the context of balancing the budget.
• 48:27
  What's also extraordinary about my tax plan is
• 48:30
  it gets rid of the payroll tax. Democrats demagogue
• 48:33
  this issue to death. And when they do, they say,
• 48:36
  oh, a millionaire would get a bigger tax cut
• 48:38
  than someone making $10 ,000. That's proportionality,
• 48:42
  as Ben's trying to explain to folks. But the
• 48:44
  thing is, is if we get rid of the payroll tax,
• 48:46
  everybody's going to get a tax cut. And this
• 48:48
  is something that I think the public at large
• 48:50
  will support and could win an election. There
• 48:54
  are no deductions under your plan? Ours is 14
• 48:58
  .5 % for corporations, 14 .5 % for individuals,
• 49:02
  no payroll tax for the employee, the business
• 49:05
  tax pays for Social Security, and there would
• 49:08
  be two remaining deductions, home mortgage and
• 49:10
  charity. Thank you, Senator. Senator Cruz, there
• 49:18
  isn't anyone in this audience or watching at
• 49:20
  home tonight who would not like to pay less in
• 49:23
  taxes. Most people just want a fair shake. and
• 49:26
  they don't want their money to be wasted. But
• 49:29
  explain how your plan works. How can you cut
• 49:32
  taxes as much as you propose without running
• 49:35
  up debt and deficits? Well, sure, and you put
• 49:38
  your finger on what the problem is. The current
• 49:40
  system isn't fair. Washington is fundamentally
• 49:43
  corrupt. There are more words in the IRS code
• 49:46
  than there are in the Bible. And not a one of
• 49:49
  them is as good. Every one of them reflects a
• 49:54
  carve -out or a subsidy, and it's all about empowering
• 49:57
  the Washington cartel. My simple flat tax says
• 50:01
  that for a family of four, for the first $36
• 50:03
  ,000 you earn, you pay no taxes whatsoever. No
• 50:07
  income taxes, no payroll taxes, no nothing. Above
• 50:10
  that, every American pays 10 % across the board.
• 50:15
  A flat, fair tax, which means... that no longer
• 50:19
  do you have hedge fund billionaires paying a
• 50:22
  lower tax rate than their secretaries. On the
• 50:24
  business side, I've got a business flat tax of
• 50:28
  16%. Again, that applies across the board. Right
• 50:31
  now, with our corporate income tax, giant corporations
• 50:33
  with armies of accountants regularly are paying
• 50:37
  little to no taxes while small businesses are
• 50:40
  getting hammered. This is fair and across the
• 50:42
  board. Now, you ask, how do the numbers add up?
• 50:45
  I would encourage folks, if you go to our website,
• 50:47
  tedcruz .org, we have the specific numbers on
• 50:50
  the website. This plan eliminates the payroll
• 50:54
  tax, eliminates the death tax, eliminates the
• 50:57
  corporate income tax, and it abolishes the IRS.
• 51:04
  And the effect of that... is incredible economic
• 51:07
  growth. It means every income group will see
• 51:10
  double -digit increases from the very poorest
• 51:12
  to the very weakest of at least 14%. So if you're
• 51:16
  a single mom, if you're making $40 ,000 a year,
• 51:19
  what that means is an extra about $5 ,000 in
• 51:23
  your pocket to provide for your kids, to make
• 51:27
  ends meet. It has a powerful, powerful effect.
• 51:30
  And there's one other really powerful feature
• 51:32
  of my plan. which is that it's border adjustable,
• 51:36
  which means if you're an exporter, if you're
• 51:37
  a farmer, if you're a rancher, if you're a manufacturer,
• 51:40
  you don't pay the business flat tax. Exports
• 51:43
  are free of that tax, but all imports pay that
• 51:47
  16 % business flat tax, which means this tax
• 51:51
  plan would cause jobs to boom, and it would let
• 51:54
  America compete with China and the world on a
• 51:57
  level playing field. But you haven't told us
• 52:00
  how to pay for it. Well... The numbers the Tax
• 52:04
  Foundation have put out is that the static cost
• 52:06
  of the plan is $3 .6 trillion over 10 years.
• 52:09
  But the dynamic cost of the plan, which is the
• 52:11
  cost that factors in growth, is about $768 billion.
• 52:16
  It is less than a trillion. It costs less than
• 52:18
  virtually every other plan people have put up
• 52:20
  here, and yet it produces more growth, and it's
• 52:22
  one of the very few plans that abolishes the
• 52:25
  IRS. But on top of that, today... We rolled out
• 52:29
  a spending plan, $500 billion in specific cuts,
• 52:34
  five major agencies that I would eliminate, the
• 52:37
  IRS, the Department of Commerce, the Department
• 52:39
  of Energy, the Department of Commerce, and HUD,
• 52:43
  and then 25 specific programs. Again, that's
• 52:47
  on our website at TedCruz .org. You want to look
• 52:49
  at specificity? It's easy for everyone to say
• 52:52
  cut spending. It's much harder and riskier to
• 52:55
  put out. chapter and verse specifically the programs
• 52:59
  you would cut to stop bankrupting our kids and
• 53:02
  grandkids. Thank you, Senator. Governor Bush,
• 53:08
  Republican primary voters say tax reform should
• 53:12
  be a priority for Congress and the administration.
• 53:15
  But Governor Bush, how important is tax reform
• 53:18
  in your domestic policy agenda? Will you guarantee
• 53:22
  it in the first year of your presidency? I'm
• 53:25
  going to fight as hard as I can to make sure
• 53:27
  that we shift power away from Washington, simplify
• 53:29
  the tax code to spur economic activity in this
• 53:33
  country. Of course it's the highest priority.
• 53:35
  If we don't do that, we're stuck with the new
• 53:37
  normal of 2 % growth. Hillary Clinton says, basically,
• 53:40
  we just got to get used to it. 2 % growth means
• 53:43
  declining income for the middle class. It means
• 53:45
  more than 6 million people are stuck in poverty
• 53:48
  than the day that Barack Obama was inaugurated.
• 53:51
  It means... It means more demands on government.
• 53:54
  Growing the economy is the first job if we're
• 53:57
  going to be serious about dealing with the deficit
• 53:59
  and debt. And more importantly, people are really
• 54:01
  struggling right now. In this economy, the disposable
• 54:04
  income of the great middle is down $2 ,300. So
• 54:08
  yeah, we've created jobs. Gerard, you brought
• 54:10
  that up early, and it was a good question. Jobs
• 54:12
  are being created, but they're lower -income
• 54:14
  jobs than the jobs that were lost. And the net
• 54:17
  effect of this is we need to jumpstart the economy.
• 54:19
  I think of Jonathan and Reagan Love. who are
• 54:22
  supporters of mine. Jonathan has been deployed
• 54:25
  by the National Guard. He's in Oklahoma. Reagan
• 54:28
  Love, by the way, pretty great name, I think,
• 54:30
  is a teacher. If they had this tax cut, what
• 54:34
  they told me was that that $2 ,300 of money in
• 54:37
  their pocket, they would go back to South Carolina
• 54:39
  and start a business. Imagine what it would be
• 54:42
  like instead of having more businesses closed.
• 54:44
  then started we had the exact opposite we would
• 54:47
  grow our economy and the government would get
• 54:49
  the revenue necessary to make things make things
• 54:51
  better hillary clinton's approach to this is
• 54:53
  more top down more regulation more taxes more
• 54:57
  government and it will destroy our economy thank
• 55:00
  you thank you governor senator review Can I just
• 55:04
  come to Senator Rubio? We're coming to you, Mr.
• 55:05
  Trump, in one second, I promise. Senator Rubio,
• 55:08
  your tax plan includes a large expansion of child
• 55:11
  tax credits to raise after -tax incomes for low
• 55:14
  -income parents. A similar tax credit that you
• 55:17
  previously proposed in the Senate was estimated
• 55:19
  to cost as much as $170 billion a year, according
• 55:23
  to the Tax Foundation. Isn't there a risk that
• 55:27
  you're just adding another expensive entitled
• 55:29
  program to an already overburdened federal budget?
• 55:32
  The most important job I'm ever going to have,
• 55:34
  the most important job anyone in this room will
• 55:36
  ever have, is the job of being a parent. Not
• 55:38
  the job of being president, or the job of being
• 55:40
  a senator, or the job of being a congressman.
• 55:42
  The most important job any of us will ever do
• 55:44
  is the job of being a president. Because the
• 55:45
  most important institution in society is the
• 55:47
  family. If the family breaks down, society breaks
• 55:50
  down. You can't have a strong nation without
• 55:52
  strong values. And no one is born with strong
• 55:54
  values. They have to be taught to you in strong
• 55:57
  families and reinforced in you in strong communities.
• 56:00
  And so when we set out to do tax reform, we endeavored
• 56:02
  to have a pro -family tax code. And we endeavored
• 56:05
  to do it because we know how difficult it is
• 56:07
  for families in the 21st century to afford the
• 56:09
  cost of living. It is expensive to raise children
• 56:12
  in the 21st century. And families that are raising
• 56:14
  children are raising the future taxpayers of
• 56:16
  the United States. And everything costs more.
• 56:19
  In 35 out of 50 states, child care costs more
• 56:22
  than college. There are millions of people watching
• 56:24
  this broadcast tonight that understand exactly
• 56:26
  what I'm talking about. They don't know how they're
• 56:28
  going to make that payment every month. And if
• 56:30
  they can't make it, they can't work because someone
• 56:32
  needs to watch their kids during the day. They
• 56:34
  don't know how they're going to save for their
• 56:35
  kids' future to go to college. And so, yes, I
• 56:37
  have a child tax credit increase, and I'm proud
• 56:39
  of it. I am proud that I have a pro -family tax
• 56:42
  code because the pro -family tax plan I have
• 56:44
  will strengthen the most important institution
• 56:46
  in the country, the family. Neil, there's a point
• 56:49
  I'd like to make here. Neil, a point that I'd
• 56:52
  like to make about the tax credits. We have to
• 56:55
  decide what is conservative and what isn't conservative.
• 56:58
  Is it fiscally conservative to have a trillion
• 57:01
  dollar expenditure? We're not talking about giving
• 57:04
  people back their tax money. He's talking about
• 57:07
  giving people money they didn't pay. It's a welfare
• 57:10
  transfer payment. So here's what we have. Is
• 57:13
  it conservative to have a trillion dollars in
• 57:16
  transfer payments, a new welfare program that's
• 57:19
  a refundable tax credit? Add that to Marco's
• 57:23
  plan for a trillion dollars in new military spending,
• 57:27
  and you get something that looks to me not very
• 57:29
  conservative. Thank you. Governor Kasich, let
• 57:33
  me come to Governor Kasich. Excuse me, I get
• 57:36
  to respond. Very quickly, Senator. No, I get
• 57:38
  my 60 seconds to respond. He's talking about
• 57:40
  my tax plan. Please. So let me begin with this.
• 57:43
  I actually believe, first of all, this is their
• 57:46
  money. They do pay. It is refundable, not just
• 57:48
  against the taxes they pay to the government,
• 57:49
  but also on their federal income tax. It's refundable
• 57:52
  against the payroll tax. Everyone pays payroll
• 57:55
  tax. This is their money. This is not our money.
• 57:57
  And here's what I don't understand. If you invest
• 57:59
  that money in a piece of equipment, If you invest
• 58:02
  that money in a business, you get to write it
• 58:03
  off your taxes. But if you invest it in your
• 58:05
  children, in the future of America, in strengthening
• 58:08
  your family... We're not going to recognize that
• 58:10
  in our tax code. The family is the most important
• 58:12
  institution. Nevertheless, it's not very conservative,
• 58:14
  Marco. And yes, I do want to rebuild the American
• 58:15
  military. How is it conservative? I know that
• 58:17
  Rand is a committed isolationist. I'm not. I
• 58:19
  believe the world is a stronger and a better
• 58:21
  place when the United States is the strongest
• 58:24
  military power in the world. Marco, Marco, how
• 58:27
  is it conservative? How is it conservative to
• 58:30
  add a trillion -dollar expenditure for the federal
• 58:32
  government that you're not paying for? How is
• 58:35
  it conservative? Are you talking about the military,
• 58:36
  Rand? How is it conservative to add a trillion
• 58:38
  -dollar expenditure? a trillion dollars in military
• 58:39
  expenditures. You cannot be a conservative if
• 58:42
  you're going to keep promoting new programs that
• 58:44
  you're not going to pay for. We can't even have
• 58:50
  an economy if we're not safe. There are radical
• 58:52
  jihadists in the Middle East beheading people
• 58:54
  and crucifying Christians. A radical Shia cleric
• 58:57
  in Iran trying to get a nuclear weapon. The Chinese
• 59:00
  taking over the South China Sea. Yes, I believe
• 59:03
  the world is a safer... No, no, I don't believe.
• 59:05
  I know that the world is a safer and better place
• 59:08
  when America is the strongest military power
• 59:10
  in the world. Marco, I don't think we're any
• 59:18
  safer. I do not think we are any safer from bankruptcy
• 59:22
  court. As we go further and further into debt,
• 59:25
  we become less and less safe. This is the most
• 59:29
  important thing we're going to talk about tonight.
• 59:31
  Can you be a conservative? and be liberal on
• 59:34
  military spending? Can you be for unlimited military
• 59:37
  spending and say, oh, I'm going to make the country
• 59:39
  safe? No, we need a safe country. But you know,
• 59:42
  we spend more on our military than the next 10
• 59:45
  countries combined. I want a strong national
• 59:48
  defense, but I don't want us to be bankrupt.
• 59:51
  There is a middle ground that brings both of
• 59:55
  these together. There is a middle ground that
• 59:58
  brings both of these together. Yes, the middle
• 1:00:01
  ground is this. Which is that is exactly right.
• 1:00:03
  that we have to defend this nation. You think
• 1:00:06
  defending this nation is expensive, try not defending
• 1:00:09
  it. That's a lot more expensive, but you can
• 1:00:13
  do that and pay for it. You can do that and also
• 1:00:17
  be fiscally responsible. You know, I mentioned
• 1:00:19
  that the 25 programs that I put out today that
• 1:00:22
  I would eliminate them. Among them are corporate
• 1:00:24
  welfare like sugar subsidies. Let's take that
• 1:00:27
  as an example. Sugar subsidies. Sugar farmers...
• 1:00:31
  farm on roughly 0 .2 % of the farmland in America,
• 1:00:35
  and yet they give 40 % of the lobbying money.
• 1:00:39
  That sort of corporate welfare is why we're bankrupting
• 1:00:42
  our kids and grandkids. I would end those subsidies
• 1:00:45
  to pay for defending this nation. Gentlemen,
• 1:00:48
  this is why we must combine, actually, zero -based
• 1:00:55
  budgeting with tax reform. Because unless we
• 1:00:59
  can examine... and cut and move every single
• 1:01:05
  dollar of discretionary spending in the federal
• 1:01:08
  government. We cannot reform taxes and reduce
• 1:01:13
  spending at the same time. Ask yourself this
• 1:01:15
  question. How is it possible that the federal
• 1:01:18
  government gets more money each and every year,
• 1:01:21
  which the federal government has been doing,
• 1:01:23
  receiving more money every year for 50 years
• 1:01:26
  under Republicans and Democrats alike, and yet
• 1:01:28
  never has enough money to do the important things?
• 1:01:31
  The answer? All the money is always spoken for.
• 1:01:34
  All the money is spoken for. So we have to go
• 1:01:37
  to zero -based budgeting, which is a simple idea.
• 1:01:39
  By the way, there's been a bill for zero -based
• 1:01:42
  budgeting. It exists. It can be voted on. Every
• 1:01:46
  dollar must be examined. Any dollar can be cut.
• 1:01:49
  Any dollar can be moved. We have to go to a three
• 1:01:52
  -page tax code. You lower every rate. You close
• 1:01:56
  every loophole. Why? Because the government uses
• 1:01:58
  the tax code to decide winners and losers. You
• 1:02:01
  have to strip the corruption out of the tax code
• 1:02:03
  to pay for it. You have to know where every single
• 1:02:06
  dollar is being spent. So you can cut where you
• 1:02:09
  need to and invest where you need to. The two
• 1:02:12
  go hand in hand. We do need to move on. Mr. Trump,
• 1:02:15
  the U .S. is just... We just, if I might... Very
• 1:02:18
  quickly. We have to make our military bigger,
• 1:02:21
  better, stronger than ever before so that nobody
• 1:02:24
  messes with us, and in the long run, it's going
• 1:02:27
  to save us. I agree with Marco. I agree with
• 1:02:30
  Ted. We have no choice. And I can say this with
• 1:02:34
  certainty. We all have a different tax plan,
• 1:02:37
  some I don't totally agree with. One thing we
• 1:02:40
  understand... Each one of those tax plans is
• 1:02:43
  better than the mess that we have right now.
• 1:02:47
  Let's talk about... Mr. Trump. No, no, Governor,
• 1:02:50
  I really must move on. I want to move on. Mr.
• 1:02:53
  Trump. Let's talk about the international economy.
• 1:02:55
  The U .S. has recently concluded... Wait a minute.
• 1:02:58
  Everybody got to talk about taxes. We really
• 1:03:00
  need to move on, Governor. I think you were coming
• 1:03:01
  to me until they... No, Governor, I promised
• 1:03:03
  I would come to you... Look, I hate to crash
• 1:03:05
  the party, Mr. Baker, but, you know, it's fair.
• 1:03:08
  Mr. Trump, can I ask you about... Yes. The U
• 1:03:11
  .S. has just concluded an international trade
• 1:03:13
  agreement with 11 countries in the Pacific. You've
• 1:03:16
  said that you'd rather have no deal than sign
• 1:03:18
  the one that's on the table. It's a horrible
• 1:03:20
  deal. Most economists say that trade has boosted
• 1:03:23
  growth and every single post -war president has
• 1:03:26
  supported the expansion of international trade,
• 1:03:28
  including the last three Republican presidents.
• 1:03:31
  Why would you reverse more than 50 years of U
• 1:03:34
  .S. trade policy? The TPP is a horrible deal.
• 1:03:38
  It is a deal that is going to lead to nothing
• 1:03:40
  but trouble. It's a deal that was designed for
• 1:03:44
  China to come in, as they always do, through
• 1:03:46
  the back door and totally take advantage of everyone.
• 1:03:50
  It's 5 ,600 pages long, so complex that nobody's
• 1:03:55
  read it. It's like Obamacare. Nobody ever read
• 1:03:58
  it. They passed it. Nobody read it. And look
• 1:04:00
  at the mess we have right now. And it will be
• 1:04:02
  repealed. this is one of the worst trade deals
• 1:04:06
  and i would yes rather not have it. With all
• 1:04:10
  of these countries and all of the bad ones getting
• 1:04:12
  advantage and taking advantage of what the good
• 1:04:15
  ones would normally get, I'd rather make individual
• 1:04:17
  deals with individual countries. We will do much
• 1:04:21
  better. We lose a fortune on trade. The United
• 1:04:24
  States loses with everybody. We're losing now
• 1:04:27
  over $500 billion in terms of imbalance with
• 1:04:33
  China, $75 billion a year. In balance with Japan.
• 1:04:38
  By the way, Mexico, $50 billion a year in balance.
• 1:04:44
  So I must say, Gerard, I just think it's a terrible
• 1:04:46
  deal. I love trade. I'm a free trader 100%. But
• 1:04:51
  we need smart people making the deals. And we
• 1:04:54
  don't have smart people making the deals. The
• 1:04:57
  deal, as you say... The terms of the deal were
• 1:05:00
  published just last week, the detailed 5 ,000
• 1:05:03
  pages of it. And 80 % of U .S. trade with countries
• 1:05:07
  in the Pacific, these 11 countries, is actually
• 1:05:09
  tariff -free. And the trade deal only affects
• 1:05:13
  the other 20%. Are there particular parts of
• 1:05:15
  the deal that you think were badly negotiated?
• 1:05:16
  Well, the currency manipulation they don't discuss
• 1:05:18
  in the agreement, which is a disaster. If you
• 1:05:20
  look at the way China and India and almost everybody
• 1:05:24
  takes advantage of the United States, China in
• 1:05:27
  particular, because they're so good. It's the
• 1:05:29
  number one abuser of this country. And if you
• 1:05:32
  look at the way they take advantage, it's through
• 1:05:34
  currency manipulation. It's not even discussed
• 1:05:37
  in the almost 6 ,000 -page agreement. It's not
• 1:05:41
  even discussed. And as you understand, I mean,
• 1:05:43
  you understand very well from the Wall Street
• 1:05:45
  Journal, currency manipulation is the single
• 1:05:48
  great weapon people have. They don't even discuss
• 1:05:51
  it in this agreement. So I say it's a very bad
• 1:05:54
  deal, should not be approved. If it is approved,
• 1:05:57
  it'll just be more bad trade deals, more loss
• 1:06:00
  of jobs for our country. We are losing jobs like
• 1:06:03
  nobody's ever lost jobs before. I want to bring
• 1:06:06
  jobs back into this country. Hey, Gerard, you
• 1:06:08
  know, we might want to point out China's not
• 1:06:10
  part of this deal. True. It's true. That's right.
• 1:06:15
  That's right. Before we get a little bit off...
• 1:06:19
  Isn't that part of the problem, if I may say,
• 1:06:22
  Senator, that if this deal is not ratified by
• 1:06:25
  the US, by the Senate, then it would actually
• 1:06:28
  give China an opportunity to grow its economic
• 1:06:32
  leadership, which it's been seeking to do. And
• 1:06:34
  if the US is unable to take part in this trade
• 1:06:36
  deal with these countries in Asia, China will
• 1:06:38
  take the lead. There is an argument that China
• 1:06:40
  doesn't like the deal because in us doing the
• 1:06:42
  deal, we'll be trading with their competitors.
• 1:06:44
  You're exactly right. But I think we've sort
• 1:06:46
  of missed the point. little bit here. There is
• 1:06:48
  an important point though about how we discuss
• 1:06:50
  these trade treaties that I do agree with Mr.
• 1:06:53
  Trump on. We should negotiate from a position
• 1:06:55
  of strength and we also should negotiate using
• 1:06:58
  the full force and the constitutional power that
• 1:07:00
  was given to us. I think it's a mistake that
• 1:07:02
  we give up power to the presidency on these trade
• 1:07:05
  deals. We give up the power to filibuster and
• 1:07:07
  I'm kind of fond of that power. We give up the
• 1:07:11
  power to amend. And I think really one of the
• 1:07:14
  big problems we have in our country is over the
• 1:07:16
  last century, really, so much power has gravitated
• 1:07:19
  to the executive branch. Really, Congress is
• 1:07:22
  kind of a bystander. We don't write the rules.
• 1:07:24
  We don't make the laws. The executive branch
• 1:07:27
  does. So even in trade, and I am for trade, I
• 1:07:30
  think we should be careful about giving so much
• 1:07:32
  power to the presidency. Thank you. Coming up,
• 1:07:38
  the biggest threat facing the next commander
• 1:07:40
  -in -chief. You're watching the Republican presidential
• 1:07:42
  debate live tonight from Milwaukee. We'll be
• 1:07:45
  right back. and presidential debate. The candidates
• 1:08:13
  taking the questions you want answered. Also
• 1:08:16
  tonight, you can see what America is saying about
• 1:08:19
  the debate. Go to Facebook and type hashtag GOP
• 1:08:23
  debate into the search box. Now back to the questions.
• 1:08:27
  Americans face security threats at home and abroad.
• 1:08:30
  Last year, terrorist attacks rose 61 % according
• 1:08:35
  to the Institute for Economics and Peace. with
• 1:08:39
  the most deaths occurring in just five countries,
• 1:08:42
  Iraq, Afghanistan, Pakistan, Nigeria, and Syria.
• 1:08:50
  Dr. Carson, you were against putting troops on
• 1:08:53
  the ground in Iraq and against a large military
• 1:08:57
  force in Afghanistan. Do you support the president's
• 1:09:00
  decision to now put 50 special ops forces in
• 1:09:04
  Syria? and leave 10 ,000 U .S. troops in Afghanistan?
• 1:09:08
  Well, putting the special ops people in there
• 1:09:12
  is better than not having them there because
• 1:09:16
  they, that's why they're called special ops,
• 1:09:19
  they're actually able to guide some of the other
• 1:09:22
  things that we're doing there. And what we have
• 1:09:25
  to recognize is that Putin is trying to really
• 1:09:28
  spread his influence throughout the Middle East.
• 1:09:31
  This is going to be his base. And we have to
• 1:09:35
  oppose him there in an effective way. We also
• 1:09:38
  must recognize that it's a very complex place.
• 1:09:41
  You know, the Chinese are there as well as the
• 1:09:43
  Russians. And you have all kinds of factions
• 1:09:46
  there. What we've been doing so far... is very
• 1:09:50
  ineffective, but we can't give up ground right
• 1:09:53
  there. But we have to look at this on a much
• 1:09:56
  more global scale. We're talking about global
• 1:09:58
  jihadists and their desire is to destroy us and
• 1:10:02
  to destroy our way of life. So we have to be
• 1:10:05
  saying, how do we make them look like losers?
• 1:10:08
  Because that's the way that they're able to gather
• 1:10:10
  a lot of influence. And I think in order to make
• 1:10:14
  them look like losers, we have to destroy their
• 1:10:16
  caliphate. And you look for the easiest place
• 1:10:19
  to do that, it would be in Iraq. And outside
• 1:10:22
  of Anbar in Iraq, there's a big energy field.
• 1:10:26
  Take that from them. Take all of that land from
• 1:10:29
  them. We could do that, I believe, fairly easily.
• 1:10:32
  I've learned from talking to several generals.
• 1:10:34
  And then you move on from there. But you have
• 1:10:37
  to continue to face them because our goal is
• 1:10:40
  not to contain them but to destroy them before
• 1:10:42
  they destroy us. We asked Facebook to take a
• 1:10:50
  look at some of the major issues we are talking
• 1:10:52
  about and tackling in this debate tonight. This
• 1:10:55
  word cloud shows what people are focusing on
• 1:10:57
  the most. The bigger the word, the more the talk.
• 1:11:01
  One of the most discussed issues in the last
• 1:11:03
  month, homeland security. Governor Bush, what
• 1:11:07
  is the biggest threat facing America today? It
• 1:11:10
  is, I'd say it is Islamic terrorism. And back
• 1:11:13
  to the question of what we are dealing with in
• 1:11:15
  Iraq, when we pull back, voids are filled. That's
• 1:11:18
  the lesson of history. And sadly, this president
• 1:11:21
  does not believe in American leadership. He does
• 1:11:23
  not believe it. And the net result is that we
• 1:11:25
  have a caliphate the size of Indiana that gains
• 1:11:28
  energy each and every day to recruit Americans
• 1:11:30
  in our own country. And the threat to the homeland
• 1:11:33
  relates to the fact that we've not dealt with
• 1:11:35
  this threat of terror in the Middle East. We
• 1:11:38
  should have a no -fly zone in Syria. We should
• 1:11:40
  have... of support for the remnants of the Syrian
• 1:11:43
  Free Army and create safe zones. If you want
• 1:11:45
  to deal with the four million refugees that are
• 1:11:48
  leaving Syria because of the devastation there,
• 1:11:52
  then we ought to create safe zones for them to
• 1:11:54
  stay in the region rather than go to Europe.
• 1:11:56
  And that requires American leadership. Without
• 1:11:58
  American leadership, every other country in the
• 1:12:00
  neighborhood begins to change their priorities.
• 1:12:03
  It is tragic that you see Iraq and other countries
• 1:12:07
  now talking to Russia. It wasn't that long ago.
• 1:12:10
  Russia had no influence in the region at all.
• 1:12:12
  And so the United States needs to lead across
• 1:12:14
  the board. This president and Hillary Clinton
• 1:12:17
  both do not believe that the United States has
• 1:12:20
  a leadership role to play and we're now paying
• 1:12:23
  a price and it will have a huge impact on the
• 1:12:25
  economy of this country if we don't deal with
• 1:12:27
  this. Thank you, sir. Mr. Trump, in a 2012 debate,
• 1:12:36
  President Obama mocked Mitt Romney's assertion
• 1:12:39
  that Russia was the top geopolitical challenge
• 1:12:41
  facing the United States, saying he was a Cold
• 1:12:44
  War dinosaur. Now Russia has invaded Ukraine
• 1:12:48
  and has put troops in Syria. You have said you
• 1:12:52
  will have a good relationship with Mr. Putin.
• 1:12:54
  So what does President Trump do in response to
• 1:12:58
  Russia's aggression? Well, first of all, it's
• 1:13:00
  not only Russia. We have problems with North
• 1:13:02
  Korea, where they actually have nuclear weapons.
• 1:13:05
  You know, nobody talks about it. We talk about
• 1:13:07
  Iran, and that's one of the worst deals ever
• 1:13:10
  made, one of the worst contracts ever signed,
• 1:13:13
  ever in anything. And it's a disgrace. We have
• 1:13:18
  somebody over there, a madman, who already has
• 1:13:20
  nuclear weapons. We don't talk about that. That's
• 1:13:22
  a problem. China is a problem, both economically
• 1:13:25
  and what they're doing in the South China Sea.
• 1:13:28
  I mean, they are becoming a very, very major
• 1:13:30
  force. So we have more than just Russia. But
• 1:13:33
  as far as the Ukraine is concerned, and you could
• 1:13:35
  say Syria, as far as Syria, I like if Putin wants
• 1:13:38
  to go in. And I got to know him very well because
• 1:13:41
  we were both on 60 Minutes. We were stablemates,
• 1:13:44
  and we did very well that night. you know that
• 1:13:47
  but if putin wants to go and knock the hell out
• 1:13:50
  of isis i am all for it a hundred percent and
• 1:13:53
  i can't understand how anybody would be against
• 1:13:56
  it they blew up hold it they blew up wait a minute
• 1:13:59
  they blew up a russian airplane he cannot be
• 1:14:04
  in love with these people he's going in and we
• 1:14:07
  can go in and everybody should go in as far as
• 1:14:09
  the ukraine is concerned We have a group of people
• 1:14:13
  and a group of countries, including Germany,
• 1:14:15
  tremendous economic behemoth. Why are we always
• 1:14:19
  doing the work? I'm all for protecting Ukraine
• 1:14:23
  and working, but we have countries that are surrounding
• 1:14:26
  the Ukraine that aren't doing anything. They
• 1:14:29
  say, keep going, keep going, you dummies, keep
• 1:14:32
  going, protect us. And we have to get smart.
• 1:14:35
  We can't continue to be the policemen of the
• 1:14:38
  world. We owe $19 trillion. We have a country
• 1:14:41
  that's going to hell. We have an infrastructure
• 1:14:43
  that's falling apart. Our roads, our bridges,
• 1:14:45
  our schools, our airports. And we have to start
• 1:14:49
  investing money in our country. Thank you, sir.
• 1:14:53
  Donald is wrong on this. He is absolutely wrong
• 1:14:56
  on this. We're not going to be the world's policemen,
• 1:14:59
  but we sure as heck better be the world's leader.
• 1:15:01
  There's a huge difference where without us leading,
• 1:15:04
  voids are filled. And the idea that it's a good
• 1:15:08
  idea for Putin to be in Syria, let ISIS take
• 1:15:11
  out Assad and then Putin will take out ISIS,
• 1:15:13
  that's like a board game. That's like playing
• 1:15:15
  Monopoly or something. That's not how the real
• 1:15:17
  world works. We have to lead. We have to be involved.
• 1:15:20
  We should have a no -fly zone in Syria. They
• 1:15:23
  are barrel bombing the innocents in that country.
• 1:15:25
  If you're a Christian, increasingly in Lebanon
• 1:15:28
  or Iraq or Syria, you're going to be beheaded.
• 1:15:32
  And if you're a moderate Islamist, you're not
• 1:15:36
  going to be able to survive either. We have to
• 1:15:38
  play a role in this to be able to bring the rest
• 1:15:41
  of the world to this issue before it's too late.
• 1:15:44
  Assad is a bad guy, but we have no idea. Who
• 1:15:48
  the so -called rebels, I read about the rebels,
• 1:15:51
  nobody even knows who they are. I spoke to a
• 1:15:53
  general two weeks ago. He said, he was very up
• 1:15:56
  on exactly what we're talking about. He said,
• 1:15:59
  you know, Mr. Trump, we're giving hundreds of
• 1:16:01
  millions of dollars of equipment to these people.
• 1:16:04
  We have no idea who they are. So I don't like
• 1:16:08
  Assad. Who's going to like Assad? But we have
• 1:16:10
  no idea who these people and what they're going
• 1:16:13
  to be and what they're going to represent. They
• 1:16:14
  may be far worse than Assad. Look at Libya. Look
• 1:16:17
  at Iraq. Look at the mess we have after spending
• 1:16:20
  $2 trillion, thousands of lives, wounded warriors
• 1:16:23
  all over the place who I love. Okay, all over.
• 1:16:26
  We have nothing. And I said, keep the oil. And
• 1:16:30
  we should have kept the oil, believe me. We should
• 1:16:33
  have kept the oil. And you know what? We should
• 1:16:35
  have given the oil. We should have given big
• 1:16:38
  chunks to the people that lost their arms their
• 1:16:41
  legs and their families and their sons and daughters
• 1:16:44
  Because right now you know has a lot of that
• 1:16:47
  oil Iran and Isis, you know, mr. Trump fancies
• 1:16:51
  himself a very good negotiator And I accept that
• 1:16:55
  he's done a lot of good deals. So Mr. Trump ought
• 1:16:58
  to know that we should not speak to people from
• 1:17:01
  a position of weakness. Senator Paul should know
• 1:17:04
  that as well. One of the reasons I've said that
• 1:17:06
  I would not be talking to Vladimir Putin right
• 1:17:09
  now, although I have met him as well, not in
• 1:17:11
  a green room for a show, but in a private meeting.
• 1:17:19
  the reasons I've said I wouldn't be talking to
• 1:17:21
  Vladimir Putin right now is because we are speaking
• 1:17:24
  to him from a position of weakness brought on
• 1:17:26
  by this administration. So I wouldn't talk to
• 1:17:28
  him for a while, but I would do this. I would
• 1:17:31
  start rebuilding the Sixth Fleet right under
• 1:17:33
  his nose, rebuilding the missile defense program
• 1:17:37
  in Poland right under his nose. I would conduct
• 1:17:39
  very aggressive military exercises in the Baltic
• 1:17:42
  states so that he understood we would protect
• 1:17:44
  our NATO allies and would -be allies. And I might
• 1:17:47
  also put in a few more thousand troops into Germany,
• 1:17:50
  not to start a war, but to make sure that Putin
• 1:17:52
  understands that the United States of America
• 1:17:55
  will stand with our allies. That is why Governor
• 1:17:58
  Bush is correct. We must have a no -fly zone
• 1:18:00
  in Syria because Russia cannot tell the United
• 1:18:02
  States of America where and when to fly our planes.
• 1:18:06
  We also have a set of allies. We have a set of
• 1:18:12
  allies in... The Arab Middle East, who know that
• 1:18:16
  ISIS is their fight, they have asked us specifically
• 1:18:18
  over and over again to support them. King Abdullah
• 1:18:21
  of Jordan, a man I've known for a very long time,
• 1:18:24
  has asked us for bombs and materiel. We have
• 1:18:26
  not provided it. The Egyptians are asking us
• 1:18:28
  to share intelligence. We are not. I will. The
• 1:18:31
  Kurds have asked us to arm them for three years.
• 1:18:33
  We're not. I would. The Egyptians, the Saudis,
• 1:18:36
  the Kuwaitis, the Bahrainis, the Emiratis, the
• 1:18:40
  Kurds, all of these people I know, by the way.
• 1:18:43
  understand ISIS is their fight but they must
• 1:18:46
  see leadership support and resolve from the United
• 1:18:48
  States of America and we must have the strongest
• 1:18:51
  military on the face of the planet and everyone
• 1:18:54
  has to know it. You have already said, sir, that
• 1:19:05
  that would be a mistake in not talking to Vladimir
• 1:19:08
  Putin or to rule it out. You've argued that it's
• 1:19:11
  never a good idea to close down communication.
• 1:19:14
  With that in mind, do you think the same applies
• 1:19:16
  to administration efforts right now to include
• 1:19:20
  the Iranians in talks on Syria? I'd like first
• 1:19:23
  to respond to the accusation. We should I think
• 1:19:27
  it's particularly naive and particularly foolish
• 1:19:30
  to think that we're not going to talk to Russia
• 1:19:33
  The idea of a no -fly zone realize that this
• 1:19:36
  is also something Hillary Clinton agrees with
• 1:19:38
  several on our side with You're asking for a
• 1:19:41
  no -fly zone in an area in which Russia already
• 1:19:44
  flies Russia flies in that zone at the invitation
• 1:19:48
  of Iraq. I'm not saying it's a good thing, but
• 1:19:51
  you better know at least what we're getting into.
• 1:19:53
  So when you think it's going to be a good idea
• 1:19:56
  to have a no -fly zone of Iraq, realize that
• 1:19:59
  means you are saying we are going to shoot down
• 1:20:01
  Russian planes. If you're ready for that, be
• 1:20:04
  ready to send your sons and daughters to another
• 1:20:07
  war in Iraq. I don't want to see that happen.
• 1:20:09
  I think the first war in Iraq was a mistake.
• 1:20:14
  You can be strong without being involved in every
• 1:20:17
  civil war around the world. And how would you
• 1:20:20
  respond? Ronald Reagan was strong, but Ronald
• 1:20:22
  Reagan didn't send troops in the Middle East.
• 1:20:23
  And Ronald Reagan walked away at Reykjavik. He
• 1:20:25
  walked away. He quit talking when it was time
• 1:20:28
  to quit talking. Can I finish with my time? Why
• 1:20:30
  does she keep interrupting everybody? Yeah. Boy,
• 1:20:34
  terrible. Yeah, I'd like to finish my response,
• 1:20:38
  basically. if i may respond this is an important
• 1:20:42
  question this is an incredibly important question
• 1:20:45
  and the question goes to be who do we want to
• 1:20:48
  be our commander -in -chief do you want a commander
• 1:20:51
  -in -chief who says something that we never did
• 1:20:53
  throughout the entire cold war to discontinue
• 1:20:56
  having conversations with the russians i'm not
• 1:20:59
  happy about them flying over there but i'm not
• 1:21:01
  naive enough to say well iraq has them flying
• 1:21:04
  over their airspace we're just going to announce
• 1:21:06
  that we're shooting them down that is that is
• 1:21:08
  naive to the point of being something you might
• 1:21:10
  hear in junior high but it's scary but if you're
• 1:21:13
  not going to respond in a no -fly zone strategy
• 1:21:16
  what would yours be the first thing I would do
• 1:21:19
  is I wouldn't arm our enemies I wouldn't arm
• 1:21:22
  Isis Most of the people who want the no -fly
• 1:21:27
  zone also favored arming the allies of al -Qaeda,
• 1:21:30
  which became ISIS. That was the dumbest, most
• 1:21:34
  foolhardy notion, and most of the people up here
• 1:21:37
  supported it. They wanted to arm the allies of
• 1:21:39
  al -Qaeda. Some of them still do. That's how
• 1:21:42
  ISIS grew. We pushed back Assad, and ISIS was
• 1:21:45
  allowed to grow in the vacuum. So the first thing
• 1:21:48
  you do is don't arm your enemies. I need to add
• 1:21:53
  a couple points to this. The first is, I've never
• 1:21:56
  met Vladimir Putin, but I know enough about him
• 1:21:59
  to know he's a gangster. He's basically an organized
• 1:22:01
  crime figure that runs a country, controls a
• 1:22:04
  $2 trillion economy, and is using it to build
• 1:22:06
  up his military in a rapid way, despite the fact
• 1:22:08
  his economy is a disaster. He understands only
• 1:22:11
  geopolitical strength. And every time he has
• 1:22:13
  acted anywhere in the world, whether it's in
• 1:22:15
  Ukraine or Georgia before that or now in the
• 1:22:17
  Middle East, is because he is testing a weakness.
• 1:22:19
  His calculation in the Middle East is that he's
• 1:22:22
  seen what this president has done, which is nothing.
• 1:22:24
  The president has no strategy. Our allies in
• 1:22:26
  the region do not trust us. For goodness sake,
• 1:22:29
  there's only one pro -American free enterprise
• 1:22:30
  democracy in the Middle East. It's the state
• 1:22:33
  of Israel. And we have a president that treats
• 1:22:35
  the prime minister of Israel with less respect
• 1:22:37
  than what he gives the Ayatollah in Iran. And
• 1:22:39
  so our allies in the region don't trust us. Vladimir
• 1:22:42
  Putin is exploiting that weakness. for purposes
• 1:22:47
  of edging the Americans out as the most important
• 1:22:49
  geopolitical power broker in the region. And
• 1:22:51
  we do have a vested interest. And here's why.
• 1:22:53
  Because all those radical terrorist groups that,
• 1:22:55
  by the way, are not just in Syria and in Iraq.
• 1:22:58
  ISIS is now in Libya. They are a significant
• 1:23:00
  presence in Libya and in Afghanistan and a growing
• 1:23:02
  presence in Pakistan. Soon they'll be in Turkey.
• 1:23:05
  They'll try Jordan. They'll try Saudi Arabia.
• 1:23:08
  They are coming for us. They recruit Americans
• 1:23:10
  using social media. And they don't hate us simply
• 1:23:13
  because we support Israel. They hate us because
• 1:23:15
  of our values. They hate us because our girls
• 1:23:18
  go to school. They hate us because women drive
• 1:23:20
  in the United States. Either they win or we win.
• 1:23:23
  We better take this risk seriously. It is not
• 1:23:25
  going away on its own. Thank you, Senator. Governor
• 1:23:35
  Kasich, I want to ask you about China. In particular,
• 1:23:37
  hundreds of American companies have been subjected
• 1:23:39
  to cyber attacks from the Chinese military. Yet
• 1:23:42
  state -backed Chinese companies are growing their
• 1:23:44
  presence in the United States. Chinese investments
• 1:23:47
  in the U .S., which were nearly non -existent
• 1:23:49
  a few years ago, are now over $50 billion. And
• 1:23:52
  as my newspaper recently reported, Chinese companies
• 1:23:55
  are planning to bid for one of the largest hotel
• 1:23:57
  chains in the United States, what would be the
• 1:24:00
  largest ever Chinese takeover of a U .S. company.
• 1:24:03
  Would you stop them? Let me tell you this, Mr.
• 1:24:06
  Baker. In terms of the cyber attacks, we have
• 1:24:08
  the capability to not only have a defensive posture,
• 1:24:11
  but also to make it clear to people that if you
• 1:24:14
  attack us with cyber attacks, we will destroy
• 1:24:16
  the mechanisms that you're using to attack us.
• 1:24:19
  I want to give you a little trip around the world.
• 1:24:21
  I served on the Defense Committee for 18 years
• 1:24:24
  in the Ukraine, armed the people there so they
• 1:24:28
  can fight for themselves. in the eastern part
• 1:24:31
  of europe make sure that finland and the baltics
• 1:24:33
  know that if the russians move we move in syria
• 1:24:37
  yes a no -fly zone in the north on the turkish
• 1:24:40
  border a no -fly zone on the south on the Jordanian
• 1:24:43
  border. Anybody flies in there first time, maybe
• 1:24:45
  they can fly out. They fly in there a second
• 1:24:48
  time, they will not fly out. And it also becomes
• 1:24:50
  a sanctuary for the people to be, and it also
• 1:24:53
  sends many messages in the Middle East that we're
• 1:24:56
  still involved. Saudi Arabia, cut off the funding
• 1:24:59
  for the radical clerics, the ones that preach
• 1:25:01
  against us, but they're fundamentally our friends.
• 1:25:04
  Jordan, we want the king to reign for a thousand
• 1:25:06
  years. Egypt, they've been our ally and a moderating
• 1:25:09
  force. in the Middle East throughout their history.
• 1:25:12
  In the countries of the Gulf states of Bahrain,
• 1:25:17
  the Cleveland Clinic is opening an operation.
• 1:25:20
  Clearly, we see the same with them. And in Israel,
• 1:25:23
  we have no better ally in the world and no more
• 1:25:26
  criticizing them in public. We should support
• 1:25:29
  them. And finally, China. China doesn't own the
• 1:25:32
  South China Sea. and i give the president some
• 1:25:35
  credit for being able to move a naval force in
• 1:25:37
  there to let the chinese know that we're not
• 1:25:39
  going to put up with it anymore and in the trade
• 1:25:41
  agreement the tpp It's critical to us, not only
• 1:25:45
  for economic reasons and for jobs, because there's
• 1:25:48
  so many people who are connected to getting jobs
• 1:25:50
  because of trade, but it allows us to create
• 1:25:53
  not only economic alliances, but also potentially
• 1:25:56
  strategic alliances against the Chinese. They're
• 1:26:00
  not our enemy, but they're certainly not our
• 1:26:02
  friend. And finally, I will say to everybody
• 1:26:05
  in this room, we've been talking about taxes
• 1:26:07
  and economics. When the fall comes and we run
• 1:26:11
  against Hillary, which would be a disaster if
• 1:26:14
  she got elected. I have two 16 -year -old girls,
• 1:26:16
  and I want this country to be strong. We make
• 1:26:20
  promises we can't keep. Under the bright light
• 1:26:22
  of the fall, we will have trouble. We must make
• 1:26:25
  sure that our economic programs and our military
• 1:26:28
  programs are solid. I served in Washington as
• 1:26:32
  the chairman of the Budget Committee, and we
• 1:26:34
  got the budget balanced, and in Ohio as the CEO,
• 1:26:37
  and guess what? We've got to have a CEO mentality
• 1:26:40
  and a way to beat Hillary Clinton and the Democrats
• 1:26:43
  in the fall. And our ideas have to add up. They
• 1:26:46
  have to be solid. And people have to know we
• 1:26:48
  have the confidence to lead America. And as president,
• 1:26:51
  I will lead this country as I have before in
• 1:26:54
  Washington and in Ohio and will return both on
• 1:26:58
  domestic... international affairs and I appreciate
• 1:27:01
  the opportunity to speak this time Jerry thank
• 1:27:05
  you all right and look at the time look at the
• 1:27:09
  time you are watching Fox Business we'll take
• 1:27:11
  a break stick around presidential debate, live
• 1:27:41
  from Milwaukee. Now, let's get straight back
• 1:27:44
  to the questions. Governor Bush, Hillary Clinton
• 1:27:49
  recently said that if we had another financial
• 1:27:52
  crisis like the one in 2008, she wouldn't bail
• 1:27:56
  out the banks. Would you? We shouldn't have another
• 1:28:00
  financial crisis. What we ought to do is raise
• 1:28:02
  the capital requirements so banks aren't too
• 1:28:04
  big to fail. Dodd -Frank has actually done the
• 1:28:07
  opposite, totally the opposite. where banks now
• 1:28:09
  have higher concentration of risk and assets,
• 1:28:13
  and the capital requirements aren't high enough.
• 1:28:15
  If we were serious about it, we would raise the
• 1:28:17
  capital requirements and lessen the load on the
• 1:28:20
  community banks and other financial institutions.
• 1:28:22
  This vast overreach has created a huge problem
• 1:28:24
  for our country, and Hillary Clinton wants to
• 1:28:27
  double down on that. I was in Washington, Iowa,
• 1:28:29
  about three months ago, talking about how bad
• 1:28:32
  Washington, D .C. is. And I talked to a banker
• 1:28:40
  there. This is a bank that had $125 million of
• 1:28:43
  assets, four branches. Their compliance costs
• 1:28:46
  because of Dodd -Frank went from $100 ,000 to
• 1:28:49
  $600 ,000 in a two -year period. The net effect
• 1:28:53
  of that is, and they had not one loan that went
• 1:28:56
  bad during the financial crisis. They knew their
• 1:28:59
  borrowers. They gave back to the community. They
• 1:29:02
  were engaged in the community. And imagine...
• 1:29:04
  America without its community banks. Well, that's
• 1:29:07
  what's happening because of Dodd -Frank. That's
• 1:29:08
  my worry. My worry is that the real economy has
• 1:29:11
  been hurt by the vast overreach of the Obama
• 1:29:14
  administration. And Hillary Clinton, she wants
• 1:29:16
  to double down on that. She wants to create even
• 1:29:18
  more so. She is a captive of the left. of her
• 1:29:22
  party to the point now where she is she was for
• 1:29:25
  the trade agreement in the pacific agreement
• 1:29:28
  now she's against it she was hinted she was for
• 1:29:30
  the excel pipeline now she's opposed to it all
• 1:29:33
  the things that would create sustained economic
• 1:29:35
  growth she's now doubling down against it governor
• 1:29:38
  but can i just quickly say did you can't seriously
• 1:29:40
  guarantee that there won't be another financial
• 1:29:42
  crisis can you If you could, if you were serious
• 1:29:45
  about... Ever? There'll never be another financial
• 1:29:47
  crisis? No, I can't say that, but I can say if
• 1:29:49
  you created higher capital requirements, that's
• 1:29:51
  the solution to this. Not having concentration
• 1:29:53
  of assets, the bigger banks now have more and
• 1:29:56
  more control over the financial assets of this
• 1:29:58
  country, and that is the wrong approach to take.
• 1:30:01
  Dr. Carson, if I may, just on that point. Despite
• 1:30:03
  measures taken, as the governor says, since the
• 1:30:06
  crisis to make the financial system safer, the
• 1:30:09
  major banks in the U .S., many of them are actually
• 1:30:11
  bigger than ever. Assets held by JP Morgan Chase,
• 1:30:14
  for example, the very largest bank, have increased
• 1:30:17
  by nearly 40 % to over $2 .6 trillion. Do you
• 1:30:21
  think JP Morgan and the other big banks should
• 1:30:24
  be broken up? Well, I think we should have policies
• 1:30:27
  that don't allow them to just enlarge themselves
• 1:30:30
  at the expense of smaller entities. And certainly
• 1:30:35
  some of the... policies some of the monetary
• 1:30:37
  and fed policies that we're using makes it very
• 1:30:40
  easy for them makes it very easy for the big
• 1:30:43
  corporations quite frankly at these very low
• 1:30:45
  interest rates to buy back their stock and to
• 1:30:48
  drive the price of that up artificially those
• 1:30:51
  are the kinds of things that led to the problem
• 1:30:54
  in the first place and i think this all really
• 1:30:57
  gets back this to this whole regulation issue
• 1:31:01
  which is creating a very abnormal situation this
• 1:31:05
  country was declared its independence in 1776
• 1:31:09
  in less than 100 years it was the number one
• 1:31:13
  economic power in the world and the reason was
• 1:31:16
  because we had an atmosphere that encouraged
• 1:31:19
  entrepreneurial risk -taking and capital investment
• 1:31:21
  those are the fuels that drive it and what we've
• 1:31:25
  done now is let the creep of regulation turn
• 1:31:30
  into a stampede of regulations which is involved
• 1:31:33
  in every aspect of our lives. If we can get that
• 1:31:36
  out, it makes a big difference. And even for
• 1:31:38
  the average person, every single regulation costs
• 1:31:41
  money and it's shifted to the individual. So,
• 1:31:46
  and it hurts the poor and the middle class much
• 1:31:48
  more than it does the rich. They go into the
• 1:31:50
  store and they buy a bar of soap. It costs 10
• 1:31:53
  cents more. They notice it. And the middle class,
• 1:31:55
  when they come to the cash register, they have
• 1:31:57
  a whole cart full of things that cost 5, 10,
• 1:31:59
  or 15 cents more. They notice it. It is hurting
• 1:32:02
  the poor. Bernie Sanders and Hillary Clinton
• 1:32:04
  won't tell you that that's the thing that's really
• 1:32:06
  hurting the middle class and the poor. They'll
• 1:32:08
  say it's the rich. Take their money. But that
• 1:32:10
  won't help. You can take all of the rich's money
• 1:32:12
  and it won't make a dent in the problem that
• 1:32:14
  we're having. We have to come back to the fundamental
• 1:32:16
  principles that made America great. Just to be
• 1:32:20
  clear, you wouldn't favor breaking up the big
• 1:32:26
  banks? You think they're okay as they are? I
• 1:32:29
  would have policies that wouldn't allow that
• 1:32:33
  to occur. I don't want to go in and tear anybody
• 1:32:36
  down. I mean, that doesn't help us. But what
• 1:32:39
  does help us is to stop tinkering around the
• 1:32:41
  edges and fix the actual problems that existed
• 1:32:44
  or creating the problem in the future. Can I
• 1:32:46
  just add what he's saying? Because he's right
• 1:32:47
  on point there. You know why these banks are
• 1:32:48
  so big? The government made them big. The government
• 1:32:51
  made them big by adding thousands and thousands
• 1:32:53
  of pages of regulations. So the big banks, they
• 1:32:56
  have an army of lawyers, they have an army of
• 1:32:57
  compliance officers. They can deal with all these
• 1:33:00
  things. The small banks, like Governor Bush was
• 1:33:02
  saying, they can't deal with all these regulations.
• 1:33:04
  They cannot hire the fanciest law firm in Washington
• 1:33:07
  or the best lobbying firm to deal with all these
• 1:33:09
  regulations. And so the result is the big banks
• 1:33:12
  get bigger, the small banks struggle to lend
• 1:33:14
  or even exist, and the result is what you have
• 1:33:16
  today. And in Dodd -Frank, you have actually
• 1:33:18
  codified too big to fail. We have actually created
• 1:33:21
  a category of systemically important institutions,
• 1:33:24
  and these banks go around bragging about it.
• 1:33:26
  You know what they say to people with a wink
• 1:33:28
  and a nod? We are so big, we are so important,
• 1:33:30
  that if we get in trouble, the government has
• 1:33:32
  to bail us out. This is an outrage. We need to
• 1:33:35
  repeal Dodd -Frank as soon as possible. What
• 1:33:42
  Jeb is talking about with the big banks is to
• 1:33:45
  force them to reserve their capital of people
• 1:33:47
  who invest and they hold their capital so that
• 1:33:50
  if the bank goes down, the people who are invested
• 1:33:53
  in the bank are the ones that pay. That's what
• 1:33:56
  he's trying to say. Secondly, I'll tell you about
• 1:33:58
  Wall Street. There's too much greed. And the
• 1:34:01
  fact is, a free enterprise system is a system
• 1:34:05
  that's produced the greatest wealth for the world.
• 1:34:07
  But, you know, Michael Novak, the great Catholic
• 1:34:09
  theologian, says that a free enterprise system
• 1:34:12
  that is not underlaid with values, and we should
• 1:34:14
  all think about the way we conduct our lives.
• 1:34:17
  Yes, free enterprise is great. Profits are great.
• 1:34:20
  But there have to be some values that underlay
• 1:34:22
  it, and they need a good ethics lesson on Wall
• 1:34:26
  Street on a regular basis to keep them in check
• 1:34:29
  so we, the people, do not lose. Thank you. Gerard,
• 1:34:32
  can I... You know, Jerry, your first question...
• 1:34:35
  I do want to follow up. Senator Cruz, and I will
• 1:34:38
  get to you, but Senator Cruz, on that theme,
• 1:34:40
  Facebook data shows that over the last month
• 1:34:43
  alone, nearly 1 million people, nearly 1 million,
• 1:34:46
  have been concerned about reigning in Wall Street,
• 1:34:48
  apparently believing that some have not been
• 1:34:51
  punished enough. So as an accomplished litigator
• 1:34:53
  yourself and a former solicitor general, would
• 1:34:57
  you go after the very people who believe and
• 1:35:02
  fear that Wall Street... has ignored. In other
• 1:35:07
  words, the crooks that Bernie Sanders say have
• 1:35:11
  gotten away with a financial murder. Absolutely,
• 1:35:16
  yes. You know, I've spent much of my adult life
• 1:35:19
  enforcing the law and defending the Constitution.
• 1:35:22
  And the problem that underlies all of this is
• 1:35:25
  the cronyism and corruption of Washington. You
• 1:35:28
  know, the opening question Jerry asked, would
• 1:35:30
  you bail out the big banks again? Nobody gave
• 1:35:33
  you an answer to that. I'll give you an answer.
• 1:35:35
  Absolutely not. And what we have right now is
• 1:35:42
  we have Washington. As government gets bigger
• 1:35:44
  and bigger, you know, the biggest lie in all
• 1:35:46
  of Washington and in all of politics is that
• 1:35:48
  Republicans are the party of the rich. The truth
• 1:35:51
  is the rich do great with big government. They
• 1:35:53
  get in bed with big government. The big banks
• 1:35:56
  get bigger and bigger and bigger under Dodd -Frank,
• 1:35:58
  and community banks are going out of business.
• 1:36:00
  And by the way, the consequence of that... is
• 1:36:02
  small businesses can't get business loans, and
• 1:36:06
  it is that fundamental corruption that is why
• 1:36:08
  six of the ten wealthiest counties in America
• 1:36:11
  are in and around Washington, D .C. Now, let
• 1:36:14
  me give you a contrast to Washington cronyism.
• 1:36:18
  Some weeks ago, a woman named Sabina Loving testified
• 1:36:22
  at a hearing that I chaired in the Senate. Sabina
• 1:36:25
  Loving is an African -American single mom. who
• 1:36:28
  started a tax preparation business in the south
• 1:36:30
  side of Chicago. She found a storefront. She
• 1:36:32
  wanted to have her own business. She started
• 1:36:34
  a business. But then the IRS promulgated new
• 1:36:37
  regulations targeting tax preparers. They did
• 1:36:40
  it under a more than 100 -year -old statute called
• 1:36:43
  the Dead Horse Act. Now, this statute and the
• 1:36:47
  IRS in classic Washington crony fashion... had
• 1:36:50
  exemptions for lawyers and big fancy accountants,
• 1:36:53
  but Sabina had to pay $1 ,000 an employee. It
• 1:36:58
  would have driven her out of business, and Ms.
• 1:36:59
  Loving sued the IRS. She took the Obama IRS to
• 1:37:03
  court, and she won, and they struck down the
• 1:37:06
  rule for picking the big guys over the little
• 1:37:08
  guys. Senator, I really want to be clear here.
• 1:37:12
  Are you saying, sir, that if the Bank of America
• 1:37:15
  were on the brink, you would let it fail? Yes.
• 1:37:20
  Now, let's be clear. There is a role for the
• 1:37:22
  Federal Reserve. What the Fed is doing now is
• 1:37:27
  it is a series of philosopher kings trying to
• 1:37:30
  guess what's happening with the economy. You
• 1:37:32
  look at the Fed. One of the reasons we had the
• 1:37:34
  financial crash is throughout the 2000s, we had
• 1:37:38
  loose money. We had an asset bubble that drove
• 1:37:40
  up the price of real estate, drove up the price
• 1:37:42
  of commodities. And then in the third quarter
• 1:37:44
  of 2008, the Fed tightened the money. and crashed
• 1:37:48
  those asset prices, which caused a cascading
• 1:37:51
  collapse. That's why I am supporting getting
• 1:37:54
  back to rules -based monetary system, not with
• 1:37:57
  a bunch of philosopher kings deciding, but tied
• 1:38:00
  ideally to gold. Sir, I understand that. I just
• 1:38:03
  want to be clear, if you don't mind, that millions
• 1:38:05
  of depositors would be on the line with that
• 1:38:08
  decision. And I just want to be clear, if it
• 1:38:11
  were to happen again, for whatever the reason,
• 1:38:14
  That you would let it go. You would let a Bank
• 1:38:16
  of America go. So let me be clear. I would not
• 1:38:19
  bail them out. But instead of adjusting monetary
• 1:38:22
  policy according to whims and getting it wrong
• 1:38:25
  over and over again and causing booms and busts,
• 1:38:27
  what the Fed should be doing is, number one,
• 1:38:30
  keeping our money tied to a stable level of gold,
• 1:38:33
  and number two, serving as a lender of last resort.
• 1:38:36
  That's what central banks do. So if you have
• 1:38:38
  a run on a bank, the Fed can serve as a lender
• 1:38:40
  of last resort, but it's not... a bailout. It
• 1:38:45
  is a loan at higher interest rates. That's how
• 1:38:47
  central banks have worked. And I'll point out,
• 1:38:49
  look, we had a gold standard under Bretton Woods.
• 1:38:52
  We had it for about 170 years of our nation's
• 1:38:54
  history and enjoyed booming economic growth and
• 1:38:58
  lower inflation than we have had with the Fed
• 1:39:00
  now. We need to get back to sound money, which
• 1:39:03
  helps in particular working men and women. What
• 1:39:07
  Washington does, the people who are doing well
• 1:39:10
  in the Obama economy, are those with power and
• 1:39:13
  influence in the Obama government, the people
• 1:39:15
  who are heard of working men and women, and that's
• 1:39:18
  who we need to fight for. Neil, that's the difference
• 1:39:20
  of being an executive. And let me just explain.
• 1:39:23
  When a bank is ready to go under and depositors
• 1:39:26
  are getting ready to lose their life savings,
• 1:39:28
  you just don't say we believe in philosophical
• 1:39:31
  concerns. You know what an executive has to decide?
• 1:39:36
  When there's a water crisis, how do we get water
• 1:39:39
  to the city? when there's a school shooting how
• 1:39:41
  do you get there and help heal the community
• 1:39:43
  when there are financial crisis or a crisis with
• 1:39:46
  ebola you got to go there and try to fix it philosophy
• 1:39:49
  doesn't work when you run something and i got
• 1:39:52
  to tell you on the job training for president
• 1:39:55
  united states doesn't work we've done it for
• 1:39:57
  eight years and almost eight years now it does
• 1:39:59
  not work we need an executive who's been tried
• 1:40:02
  has been tested and judged the decisions that
• 1:40:06
  that executive makes I don't like what the Fed
• 1:40:08
  is doing, but I'll tell you what worries me more
• 1:40:10
  than anything else. Turning the Fed over to the
• 1:40:12
  Congress of the United States so they can print
• 1:40:14
  the money. That would be a very bad approach.
• 1:40:17
  Senator Kasich, why would you then bail out rich
• 1:40:20
  Wall Street banks, but not Main Street, not Mom
• 1:40:23
  and Pop, not Sabina Loving? Well, you just said
• 1:40:25
  an executive knows to step in and bail out a
• 1:40:27
  bank. They were talking about what you would
• 1:40:29
  do with depositors. Would you let these banks
• 1:40:32
  shut down? My argument is going forward, the
• 1:40:35
  banks have to reserve the capital. so that the
• 1:40:38
  people who own the capital start pressuring the
• 1:40:40
  banks to not take these risky approaches, Ted.
• 1:40:44
  But at the end of the day... So you said you'd
• 1:40:45
  abandon philosophy and abandon principle, but
• 1:40:48
  what would you do if the bank was failing? Because
• 1:40:50
  if during... I'll tell you what. I would not
• 1:40:53
  let the people who put their money in there all
• 1:40:55
  go down. So you would bail them out? No. As an
• 1:40:58
  executive, I would figure out how to separate...
• 1:41:01
  those people who can afford it versus those people
• 1:41:05
  or the hard -working folks who put their money
• 1:41:07
  in those institutions. Let me, no, no, let me
• 1:41:09
  say another thing. Here's what I mean by that.
• 1:41:11
  Here's what I mean by that. When you are faced,
• 1:41:15
  when you are faced in the last financial crisis
• 1:41:18
  with banks going under, with banks going under
• 1:41:21
  and people, people who put their life savings
• 1:41:24
  in there. You've got to deal with it. You can't
• 1:41:27
  turn a blind's eye to it. Now, going forward,
• 1:41:29
  that's one thing. If you had another financial
• 1:41:32
  crisis, perhaps there would be an effort to make
• 1:41:34
  sure that we do it. Thank you, Governor Kasich.
• 1:41:35
  Could I just say, as a chief executive who's
• 1:41:38
  had to make tough calls to save jobs and to grow
• 1:41:42
  jobs, I think what's interesting about Don Frank
• 1:41:46
  is it's a great example of how socialism starts.
• 1:41:49
  Socialism starts when government creates a problem
• 1:41:52
  and then government steps in to solve the problem.
• 1:41:55
  Government created the problem. Government created
• 1:41:59
  the problem of a real estate boom. How did we
• 1:42:03
  create it? Under Republicans and Democrats alike,
• 1:42:06
  Fannie Mae and Freddie Mac, everybody gathered
• 1:42:08
  together, Republicans and Democrats, and said
• 1:42:11
  home ownership is part of the American dream.
• 1:42:13
  Let's create a bubble. And then government stepped
• 1:42:16
  in. By the way, under President George W. Bush,
• 1:42:18
  banks were told, encouraged, told, really, to
• 1:42:22
  buy other banks, to take money. And now what
• 1:42:25
  do we have with Dodd -Frank, the classic of crony
• 1:42:27
  capital? The big have gotten bigger. 1 ,590 community
• 1:42:31
  banks have gone out of business. And on top of
• 1:42:34
  all that, we've created something called the
• 1:42:35
  Consumer Financial Protection Bureau, a vast
• 1:42:38
  bureaucracy with no congressional oversight that's
• 1:42:41
  digging through hundreds of millions of your
• 1:42:43
  credit records to detect fraud. This is how socialism
• 1:42:47
  starts, ladies and gentlemen. We must take our
• 1:42:51
  government back. More questions coming up when
• 1:42:59
  the Republican presidential debate comes right
• 1:43:01
  back live from Milwaukee. Stay with us. Welcome
• 1:43:21
  back to the fourth Republican presidential debate.
• 1:43:25
  Senator Rubio. Hillary Clinton is the clear frontrunner
• 1:43:29
  for the Democratic nomination. If she is indeed
• 1:43:32
  the nominee, you will be facing a candidate with
• 1:43:35
  an impressive resume. She was the First Lady
• 1:43:38
  of the United States, a U .S. Senator from New
• 1:43:45
  York, and Secretary of State under Barack Obama.
• 1:43:49
  She has arguably more experience, certainly more
• 1:43:53
  time in government. than almost all of you on
• 1:43:57
  stage tonight. Why should the American people
• 1:44:00
  trust you to lead this country, even though she
• 1:44:04
  has been so much closer to the office? Well,
• 1:44:07
  that's a great question, and let me begin by
• 1:44:08
  answering it. This election is about the future,
• 1:44:17
  about what kind of country this nation is going
• 1:44:19
  to be in the 21st century. This election is actually
• 1:44:22
  a generational choice. A choice about what kind
• 1:44:24
  of nation we will be in the 21st century. For
• 1:44:27
  over two and a half centuries, America has been
• 1:44:29
  a special country. The one place on earth where
• 1:44:31
  anyone from anywhere can achieve anything. A
• 1:44:34
  nation that's been a force for good on this planet.
• 1:44:36
  But now, a growing number of Americans feel out
• 1:44:38
  of place in their own country. We have a society
• 1:44:41
  that stigmatizes those that hold cultural values
• 1:44:43
  that are traditional. We have a society where
• 1:44:46
  people, millions of people, are living paycheck
• 1:44:47
  to paycheck. They're working as hard as they
• 1:44:49
  ever have, but they're living paycheck to paycheck
• 1:44:51
  because the economy has changed underneath their
• 1:44:53
  feet. We have young Americans who owe thousands
• 1:44:55
  of dollars in student loans for a degree that
• 1:44:58
  doesn't lead to a job. For the first time in
• 1:45:00
  35 years, we have more businesses dying than
• 1:45:03
  starting. And around the world, every day brings
• 1:45:06
  news of a new humiliation for America. the direct
• 1:45:10
  consequence of decisions made when Hillary Clinton
• 1:45:13
  was the Secretary of State. And so here's the
• 1:45:16
  truth. This election is about the future. And
• 1:45:19
  the Democratic Party and the political left has
• 1:45:21
  no ideas about the future. All their ideas are
• 1:45:23
  the same tired ideas of the past. More government,
• 1:45:26
  more spending. For every issue before America,
• 1:45:28
  their answer is a new tax on someone and a new
• 1:45:31
  government program. This nation is going to turn
• 1:45:33
  the page. And that's what this election should
• 1:45:35
  be about. And as I said at the first debate...
• 1:45:37
  If I am our nominee, they will be the party of
• 1:45:39
  the past. We will be the party of the 21st century.
• 1:45:50
  note, she's got a lot of experience, but her
• 1:45:52
  policies have proven disastrous. If you look
• 1:45:56
  at foreign policy, every region on the world
• 1:45:59
  has gotten worse. Under her leadership, we abandoned
• 1:46:02
  the nation of Israel. Under her leadership, radical
• 1:46:04
  Islamic terrorism has been under the rise. Under
• 1:46:07
  her leadership and Obama's leadership, Iran is
• 1:46:10
  getting $100 billion and on the verge of getting
• 1:46:12
  a nuclear weapon. Everything she's put her hand
• 1:46:15
  to is touched. And when we talk about the cronyism,
• 1:46:18
  Washington Hillary Clinton embodies the cronyism
• 1:46:22
  of Washington and I'll give you an example of
• 1:46:26
  that which is the congressional exemption from
• 1:46:28
  Obamacare which is fundamentally wrong and I'll
• 1:46:31
  tell you this if I'm elected president I will
• 1:46:34
  veto any statute that exempts members of Congress
• 1:46:38
  the law should apply evenly to every American
• 1:46:44
  All right, I think it's fair to say you're not
• 1:46:46
  fans of Hillary Clinton's resumes. All right,
• 1:46:48
  Mr. Trump. We are not. I had a feeling. As perhaps
• 1:46:53
  the most successful capitalist on this stage
• 1:46:55
  tonight, you've acknowledged that some give capitalism
• 1:46:57
  a bad name. You've been particularly critical
• 1:47:00
  of businesses that find all sorts of ways of
• 1:47:02
  paying their taxes by keeping money abroad. But
• 1:47:05
  your own plan includes an incentive to bring
• 1:47:08
  that more than $2 trillion. home isn't that like
• 1:47:13
  a one -time bounty no some of the guys you've
• 1:47:16
  all but called pirates so they still keep the
• 1:47:19
  loot and pay only a small price to bring it back
• 1:47:22
  well what's happening right now neil is something
• 1:47:24
  that has not been a subject of conversation by
• 1:47:27
  politicians as primarily the only politician
• 1:47:31
  i guess other than carly on the stage they haven't
• 1:47:34
  talked about a corporate inversion now corporate
• 1:47:37
  inversion Companies are leaving. You know, we
• 1:47:39
  used to leave New York to go to Florida. We got
• 1:47:41
  better taxes. We got maybe something else. Now
• 1:47:44
  they're leaving the United States to go to other
• 1:47:46
  countries. They have trillions of dollars in
• 1:47:50
  those other countries. They're going for two
• 1:47:51
  reasons. They can't get their money back in.
• 1:47:53
  It's something where the Democrats and the Republicans
• 1:47:56
  both agree. It's the only thing I can think of.
• 1:47:58
  They both agree. let the money come back in three
• 1:48:01
  and a half years they still can't make a deal
• 1:48:03
  they can't get the money in it's probably two
• 1:48:06
  and a half trillion but i think it's much more
• 1:48:07
  than that all of that money could become could
• 1:48:10
  come right in and be used to rebuild our country
• 1:48:13
  and investments in our country they can't do
• 1:48:17
  it what we have to do and what i've done is made
• 1:48:20
  the tax rate and one of the reasons they don't
• 1:48:22
  bring it in the tax is so obnoxious they can't
• 1:48:25
  do it I made it a 10 % number, as you know. I've
• 1:48:29
  been very highly praised for it. A lot of money
• 1:48:31
  is going to come back in. We're going to get
• 1:48:33
  rid of the bureaucratic problems and roadblocks
• 1:48:35
  because that's also a problem. And we're going
• 1:48:37
  to have all of this money pour back into the
• 1:48:39
  United States. It's going to be used to build
• 1:48:41
  businesses, for jobs, and everything else. And
• 1:48:44
  as I say, my expression is, let's make America
• 1:48:48
  great again. Senator Paul. You were one of 15
• 1:48:56
  Republicans to vote for an amendment which states
• 1:48:59
  that human activity contributed to climate change.
• 1:49:04
  President Obama has announced an aggressive plan
• 1:49:07
  to cut carbon emissions. At the same time, energy
• 1:49:11
  production in America has boomed. Is it possible
• 1:49:15
  to continue this boom and move toward energy
• 1:49:18
  self -sufficiency while at the same time pursuing
• 1:49:22
  a meaningful climate change program? The first
• 1:49:26
  thing I would do as president is repeal the regulations
• 1:49:29
  that are hampering our energy that the president
• 1:49:32
  has put in place, including the Clean Power Act.
• 1:49:38
  Well, I do think man may have a role in our climate.
• 1:49:42
  I think nature also has a role. The planet's
• 1:49:45
  4 .5 billion years old. We've been through geologic
• 1:49:48
  age after geologic age. We've had times when
• 1:49:51
  the temperature's been warmer. We've had times
• 1:49:53
  when the temperature's been colder. We've had
• 1:49:54
  times when the carbon in the atmosphere has been
• 1:49:57
  higher. So I think we need to look before we
• 1:50:00
  leap. The president's often fond of saying he
• 1:50:03
  wants a balanced solution. But really, we do
• 1:50:05
  need to balance both keeping the environment
• 1:50:07
  clean. We will have some rules for that. We've
• 1:50:10
  got to balance that with the economy. He's devastated
• 1:50:12
  my state. I say the president's not only destroying
• 1:50:15
  Kentucky, he's destroying the Democrat Party
• 1:50:17
  down there because nobody wants to associate
• 1:50:19
  with him. so what we really need is somebody
• 1:50:22
  that understands that we do need energy of all
• 1:50:24
  forms and that means we will have solar and wind
• 1:50:28
  and hydro but we will still have coal and we
• 1:50:31
  still have natural gas and we've got to have
• 1:50:33
  an all of the above policy but it would be a
• 1:50:36
  mistake to shut down all of our industries in
• 1:50:38
  the coal fields and shut down the cold the coal
• 1:50:41
  -powered plants if we did so We're going to have
• 1:50:44
  a day where we wake up and some of our big cities
• 1:50:46
  are either very cold or very hot. So I think
• 1:50:49
  it's a big danger, and we shouldn't do it. And
• 1:50:51
  what we should do is say we want all of the above.
• 1:50:54
  We want to free up the energy sector and let
• 1:50:56
  people produce, let them drill, let them explore.
• 1:50:59
  Thank you, sir. Maria, critically, when it comes
• 1:51:04
  to climate change— We've had a 10 percent reduction
• 1:51:06
  in carbon emissions, and it isn't because of
• 1:51:08
  Solyndra. It isn't because of the central planners
• 1:51:11
  in Washington, D .C. It's because we've had a
• 1:51:15
  great American success story. The explosion of
• 1:51:18
  natural gas, taking two existing technologies
• 1:51:21
  and applying it through innovation has created
• 1:51:24
  lower carbon emissions, lower energy costs. Forty
• 1:51:28
  percent of all the economic activity in the age
• 1:51:31
  of Obama has come from the energy sector and
• 1:51:33
  Hillary Clinton wants to suppress that. I think
• 1:51:36
  we ought to be expanding this. High growth is
• 1:51:38
  the path to lower carbon and more jobs. I know
• 1:51:41
  for a fact, as governor of the state of Florida,
• 1:51:43
  we created the largest land purchasing programs
• 1:51:46
  and environmental cleanup programs because we
• 1:51:48
  had a growing economy. Our revenues were growing
• 1:51:51
  at 4 .4%. It allowed for resources to be able
• 1:51:54
  to protect the natural systems. We've got to
• 1:51:57
  get to a conservation and environmental policy
• 1:51:59
  that goes beyond just carbon. I know you want
• 1:52:03
  to talk, and I know you want to talk, but we
• 1:52:04
  also promised to get people home tonight. And
• 1:52:06
  we are going to take a quick break here. I think
• 1:52:09
  it is fair to say at this juncture that you can
• 1:52:11
  discuss business issues and only business issues
• 1:52:13
  and still keep it interesting. Stick around for
• 1:52:16
  these candidates' closing statements. welcome
• 1:52:43
  back to the republican presidential debate and
• 1:52:45
  now candidates it's time for your closing statements
• 1:52:48
  you get 30 seconds each and senator paul we will
• 1:52:52
  begin with you we're the richest freest most
• 1:52:56
  humanitarian nation in the history of mankind
• 1:52:59
  but we also borrow a million dollars a minute
• 1:53:03
  and the question i have for all americans is
• 1:53:07
  think about it can you be a fiscal conservative
• 1:53:09
  if you don't conserve all of the money If you're
• 1:53:13
  a profligate spender and you spend money in an
• 1:53:16
  unlimited fashion for the military, is that a
• 1:53:19
  conservative notion? We have to be conservative
• 1:53:21
  with all spending, domestic spending and welfare
• 1:53:25
  spending. I'm the only fiscal conservative on
• 1:53:28
  the stage. Thank you, Senator. Governor Kasich.
• 1:53:36
  Well, ladies and gentlemen, if Hillary Clinton
• 1:53:39
  or Bernie Sanders were to win this election,
• 1:53:42
  My 16 -year -olds, I worry about what their life
• 1:53:45
  is going to be like. You know, the conservative
• 1:53:48
  movement is all about opportunity. It is about
• 1:53:50
  lower taxes. It's about balanced budgets. It's
• 1:53:53
  about less regulation. And it's about sending
• 1:53:56
  power, money, and influence back to where we
• 1:53:58
  live so we can run America from the bottom up.
• 1:54:02
  In addition to that, once we have the power and
• 1:54:04
  the money and the influence with programs we
• 1:54:06
  shift out, then each of us have a responsibility.
• 1:54:10
  to reach out and to rebuild our families, make
• 1:54:12
  them stronger, and connect our neighborhoods.
• 1:54:15
  All that together, wealth, connection, family,
• 1:54:18
  America's greatest days are ahead. We must win
• 1:54:21
  this election. Carly Fiorina. Imagine a Clinton
• 1:54:31
  presidency. Our military will continue to deteriorate.
• 1:54:35
  Our veterans will not be cared for. And no, Mrs.
• 1:54:37
  Clinton, That situation is not exaggerated. The
• 1:54:41
  rich will get richer. The poor will get poorer.
• 1:54:44
  The middle class will continue to get crushed.
• 1:54:46
  And as bad as that picture is, what's even worse
• 1:54:49
  is that a Clinton presidency will corrode the
• 1:54:52
  character of this nation. Why? Because of the
• 1:54:55
  Clinton way. Say whatever you have to. Lie as
• 1:54:58
  long as you can get away with it. We must beat
• 1:55:01
  Hillary Clinton. Carly Fiorina. can beat Hillary
• 1:55:04
  Clinton. I will beat Hillary Clinton. And under
• 1:55:08
  a President Fiorina, we will restore the character
• 1:55:11
  of this nation, the security of this nation,
• 1:55:14
  the prosperity of this nation. Because as citizens,
• 1:55:18
  we will take our government back. Former Governor
• 1:55:28
  Jeb Bush. Jane Horton is sitting with my wife
• 1:55:32
  here today. Her husband, Chris, was killed in
• 1:55:35
  action in Afghanistan. And Jane spends her time
• 1:55:38
  now defending and fighting for military families.
• 1:55:41
  They're both heroes. I don't think we need an
• 1:55:43
  agitator -in -chief or a divider -in -chief.
• 1:55:46
  We need a commander -in -chief that will rebuild
• 1:55:48
  our military and restore respect to our veterans
• 1:55:52
  by revamping and fixing a broken Veterans Administration.
• 1:55:55
  That's my pledge to you. I ask for your support.
• 1:55:58
  Thank you. Senator Ted Cruz. 58 years ago, my
• 1:56:07
  father fled Cuba. As he stood on the deck of
• 1:56:10
  that ferry boat with the wind and salt air blowing,
• 1:56:12
  he looked back at the oppression and torture
• 1:56:15
  he was escaping. And yet he looked forward to
• 1:56:19
  the promise of America. His story is our story.
• 1:56:23
  What ties Americans together is we are all the
• 1:56:26
  children of those who risked everything for freedom.
• 1:56:30
  America is in crisis now. I believe in America.
• 1:56:33
  And if we get back to the free market principles
• 1:56:36
  and constitutional liberties that built this
• 1:56:38
  country, we can turn this country around. I believe
• 1:56:41
  that 2016 will be an election like 1980, that
• 1:56:45
  we will win by following Reagan's admonition
• 1:56:47
  to paint in bold colors, not pale pastels. We're
• 1:56:51
  building a grassroots army. I ask you to join
• 1:56:53
  us at TedCruz .org, and we the people can turn
• 1:56:57
  this nation around. Senator Marco Rubio. The
• 1:57:05
  story of America is an extraordinary story. It
• 1:57:08
  is the story of a nation that for over two centuries,
• 1:57:10
  each generation has left the next better off
• 1:57:12
  than themselves. But now, because Washington
• 1:57:15
  is out of touch through the fault of both political
• 1:57:17
  parties, for the first time in our history, that
• 1:57:20
  is in doubt. And that is what this election must
• 1:57:22
  be about because of the next four years or anything
• 1:57:24
  like the last eight years, our children will
• 1:57:27
  be the first Americans ever left worse off by
• 1:57:29
  their parents. This election is about making
• 1:57:31
  a different choice, about applying our principles
• 1:57:34
  of limited government and free enterprise to
• 1:57:36
  the unique issues of our time. And if we do,
• 1:57:38
  we will not just save the American dream, we
• 1:57:40
  will expand it to reach more people and change
• 1:57:42
  more lives than ever before. And the 21st century
• 1:57:45
  can be a new American century. So tonight, I
• 1:57:47
  ask you for your vote. And I ask you to join
• 1:57:50
  us at my website, MarcoRubio .com. Dr. Ben Carson.
• 1:58:02
  In the two hours of this debate, five people
• 1:58:06
  have died from drug -related deaths. A hundred
• 1:58:10
  million dollars has been added to our national
• 1:58:13
  debt. Two hundred babies have been killed by
• 1:58:17
  abortionists. And two veterans have taken their
• 1:58:22
  lives out of despair. This is a narrative that
• 1:58:25
  we can change, not we the Democrats. not we the
• 1:58:28
  republicans but we the people of america because
• 1:58:31
  there is something special about this nation
• 1:58:34
  and we must embrace it and be proud of it and
• 1:58:37
  never give it away for the sake of political
• 1:58:39
  correctness donald trump thank you over the years
• 1:58:49
  i've created tens of thousands of jobs and a
• 1:58:52
  great company it's a company i'm very proud of
• 1:58:55
  some of the most iconic And I will tell you,
• 1:59:00
  I don't have to give you a website because I'm
• 1:59:03
  self -funding my campaign. I'm putting up my
• 1:59:05
  own money. I want to do something really special.
• 1:59:09
  I want to make our country greater than it's
• 1:59:11
  ever been. I think we have that potential. We
• 1:59:13
  cannot lose this election. We cannot let Hillary
• 1:59:17
  Clinton, who is the worst secretary of state
• 1:59:20
  in the history of our country, win this election.
• 1:59:24
  We will fight, we will win, and we truly will
• 1:59:27
  make this even more special. We have to make
• 1:59:30
  it better than ever before. And I will tell you,
• 1:59:33
  the United States can actually be better than
• 1:59:36
  ever before. Thank you. by all means it was a
• 1:59:53
  very riveting debate business issues can be can
• 1:59:56
  be riveting because it wasn't about us it's about
• 1:59:59
  them thank you that'll do it thank you again
• 2:00:02
  the final debate of this debate night on the
• 2:00:14
  fox business network