First US Presidential Debate Page #3

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So I’ve tried to be very specific about what we can and should do, and I am determined that we’re going to get the economy really moving again, building on the progress we’ve made over the last eight years, but never going back to what got us in trouble in the first place.

HOLT:
Mr. Trump?

TRUMP:
She talks about solar panels. We invested in a solar company, our country. That was a disaster. They lost plenty of money on that one.

Now, look, I’m a great believer in all forms of energy, but we’re putting a lot of people out of work. Our energy policies are a disaster. Our country is losing so much in terms of energy, in terms of paying off our debt. You can’t do what you’re looking to do with $20 trillion in debt.

The Obama administration, from the time they’ve come in, is over 230 years’ worth of debt, and he’s topped it. He’s doubled it in a course of almost eight years, seven-and-a-half years, to be semi- exact.

So I will tell you this. We have to do a much better job at keeping our jobs. And we have to do a much better job at giving companies incentives to build new companies or to expand, because they’re not doing it.

And all you have to do is look at Michigan and look at Ohio and look at all of these places where so many of their jobs and their companies are just leaving, they’re gone.

And, Hillary, I’d just ask you this. You’ve been doing this for 30 years. Why are you just thinking about these solutions right now? For 30 years, you’ve been doing it, and now you’re just starting to think of solutions.

CLINTON:
Well, actually…

TRUMP:
I will bring — excuse me. I will bring back jobs. You can’t bring back jobs.

CLINTON:
Well, actually, I have thought about this quite a bit.

TRUMP:
Yeah, for 30 years.

CLINTON:
And I have — well, not quite that long. I think my husband did a pretty good job in the 1990s. I think a lot about what worked and how we can make it work again…

TRUMP:
Well, he approved NAFTA…

(CROSSTALK)

CLINTON:
… million new jobs, a balanced budget…

TRUMP:
He approved NAFTA, which is the single worst trade deal ever approved in this country.

CLINTON:
Incomes went up for everybody. Manufacturing jobs went up also in the 1990s, if we’re actually going to look at the facts.

When I was in the Senate, I had a number of trade deals that came before me, and I held them all to the same test. Will they create jobs in America? Will they raise incomes in America? And are they good for our national security? Some of them I voted for. The biggest one, a multinational one known as CAFTA, I voted against. And because I hold the same standards as I look at all of these trade deals.

But let’s not assume that trade is the only challenge we have in the economy. I think it is a part of it, and I’ve said what I’m going to do. I’m going to have a special prosecutor. We’re going to enforce the trade deals we have, and we’re going to hold people accountable.

When I was secretary of state, we actually increased American exports globally 30 percent. We increased them to China 50 percent. So I know how to really work to get new jobs and to get exports that helped to create more new jobs.

HOLT:
Very quickly…

TRUMP:
But you haven’t done it in 30 years or 26 years or any number you want to…

CLINTON:
Well, I’ve been a senator, Donald…

TRUMP:
You haven’t done it. You haven’t done it.

CLINTON:
And I have been a secretary of state…

TRUMP:
Excuse me.

CLINTON:
And I have done a lot…

TRUMP:
Your husband signed NAFTA, which was one of the worst things that ever happened to the manufacturing industry.

CLINTON:
Well, that’s your opinion. That is your opinion.

TRUMP:
You go to New England, you go to Ohio, Pennsylvania, you go anywhere you want, Secretary Clinton, and you will see devastation where manufacture is down 30, 40, sometimes 50 percent. NAFTA is the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country.

And now you want to approve Trans-Pacific Partnership. You were totally in favor of it. Then you heard what I was saying, how bad it is, and you said, I can’t win that debate. But you know that if you did win, you would approve that, and that will be almost as bad as NAFTA. Nothing will ever top NAFTA.

CLINTON:
Well, that is just not accurate. I was against it once it was finally negotiated and the terms were laid out. I wrote about that in…

TRUMP:
You called it the gold standard.

(CROSSTALK)

TRUMP:
You called it the gold standard of trade deals. You said it’s the finest deal you’ve ever seen.

CLINTON:
No.

TRUMP:
And then you heard what I said about it, and all of a sudden you were against it.

CLINTON:
Well, Donald, I know you live in your own reality, but that is not the facts. The facts are — I did say I hoped it would be a good deal, but when it was negotiated…

TRUMP:
Not.

CLINTON:
… which I was not responsible for, I concluded it wasn’t. I wrote about that in my book…

TRUMP:
So is it President Obama’s fault?

CLINTON:
… before you even announced.

TRUMP:
Is it President Obama’s fault?

CLINTON:
Look, there are differences…

TRUMP:
Secretary, is it President Obama’s fault?

CLINTON:
There are…

TRUMP:
Because he’s pushing it.

CLINTON:
There are different views about what’s good for our country, our economy, and our leadership in the world. And I think it’s important to look at what we need to do to get the economy going again. That’s why I said new jobs with rising incomes, investments, not in more tax cuts that would add $5 trillion to the debt.

TRUMP:
But you have no plan.

CLINTON:
But in — oh, but I do.

TRUMP:
Secretary, you have no plan.

CLINTON:
In fact, I have written a book about it. It’s called “Stronger Together.” You can pick it up tomorrow at a bookstore…

TRUMP:
That’s about all you’ve…

(CROSSTALK)

HOLT:
Folks, we’re going to…

CLINTON:
… or at an airport near you.

HOLT:
We’re going to move to…

CLINTON:
But it’s because I see this — we need to have strong growth, fair growth, sustained growth. We also have to look at how we help families balance the responsibilities at home and the responsibilities at business.

So we have a very robust set of plans. And people have looked at both of our plans, have concluded that mine would create 10 million jobs and yours would lose us 3.5 million jobs, and explode the debt which would have a recession.

TRUMP:
You are going to approve one of the biggest tax cuts in history. You are going to approve one of the biggest tax increases in history. You are going to drive business out. Your regulations are a disaster, and you’re going to increase regulations all over the place.

And by the way, my tax cut is the biggest since Ronald Reagan. I’m very proud of it. It will create tremendous numbers of new jobs. But regulations, you are going to regulate these businesses out of existence.

When I go around — Lester, I tell you this, I’ve been all over. And when I go around, despite the tax cut, the thing — the things that business as in people like the most is the fact that I’m cutting regulation. You have regulations on top of regulations, and new companies cannot form and old companies are going out of business. And you want to increase the regulations and make them even worse.

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