00:00Mark of our company here, Mithali and Pradeep, we will very quickly listen to the opening
00:07remarks by Donald Trump and Kamala Harris, which gives us a breather also to, you know,
00:13put our thoughts in a row.
00:16And Mithali, I'll come back to you with some economics, integrate questions, because it's
00:22not just economy, but also, as many are saying, feminism also at play here in your selections.
00:29Let's very quickly listen to the opening remarks by Donald Trump and Kamala Harris
00:33from their last and the only presidential debate that happened.
00:38Your opponent on the stage here tonight often asks his supporters, are you better off than
00:43you were four years ago?
00:45When it comes to the economy, do you believe Americans are better off than they were four
00:48years ago?
00:50So I was raised as a middle class kid.
00:54And I am actually the only person on this stage who has a plan that is about lifting
00:58up the middle class and working people of America.
01:01I believe in the ambition, the aspirations, the dreams of the American people.
01:07And that is why I imagine and have actually a plan to build what I call an opportunity
01:12economy.
01:13Because here's the thing.
01:14We know that we have a shortage of homes and housing.
01:18And the cost of housing is too expensive for far too many people.
01:21We know that young families need support to raise their children.
01:26And I intend on extending a tax cut for those families of $6,000, which is the largest child
01:33tax credit that we have given in a long time, so that those young families can afford to
01:38buy a crib, buy a car seat, buy clothes for their children.
01:42My passion, one of them, is small businesses.
01:46I was actually, my mother raised my sister and me.
01:49But there was a woman who helped raise us.
01:51We call her our second mother.
01:52She was a small business owner.
01:53I love our small businesses.
01:55My plan is to give a $50,000 tax deduction to startup small businesses, knowing they
02:02are part of the backbone of America's economy.
02:05My opponent, on the other hand, his plan is to do what he has done before, which is to
02:10provide a tax cut for billionaires and big corporations, which will result in $5 trillion
02:17to America's deficit.
02:18My opponent has a plan that I call the Trump's sales tax, which would be a 20% tax on everyday
02:25goods that you rely on to get through the month.
02:29Economists have said that that Trump's sales tax would actually result for middle-class
02:34families in about $4,000 more a year because of his policies and his ideas about what should
02:43be the backs of middle-class people paying for tax cuts for billionaires.
02:49President Trump, I'll give you two minutes.
02:51First of all, I have no sales tax.
02:52That's an incorrect statement.
02:53She knows that.
02:55We're doing tariffs on other countries.
02:57Other countries are going to finally, after 75 years, pay us back for all that we've done
03:02for the world.
03:03And the tariff will be substantial in some cases.
03:06I took in billions and billions of dollars, as you know, from China.
03:09In fact, they never took the tariff off because it was so much money they can't.
03:14It would totally destroy everything that they've set out to do.
03:17They're taking in billions of dollars from China and other places they've left the tariffs
03:21on.
03:22I had it.
03:23I had tariffs.
03:24And yet I had no inflation.
03:25Look, we've had a terrible economy because inflation has, which is really known as a
03:30country buster.
03:31It breaks up countries.
03:32We have inflation like very few people have ever seen before.
03:36Probably the worst in our nation's history.
03:39We were at 21 percent, but that's being generous because many things are 50, 60, 70, 80 percent
03:44higher than they were just a few years ago.
03:47This has been a disaster for people, for the middle class, but for every class.
03:51On top of that, we have millions of people pouring into our country from prisons and
03:56jails, from mental institutions and insane asylums.
04:00And they're coming in and they're taking jobs that are occupied right now by African Americans
04:05and Hispanics and also unions.
04:08Unions are going to be affected very soon.
04:10And you see what's happening.
04:11You see what's happening with towns throughout the United States.
04:14You look at Springfield, Ohio.
04:16You look at Aurora in Colorado.
04:19They are taking over the towns.
04:21They're taking over buildings.
04:22They're going in violently.
04:24These are the people that she and Biden led into our country and they're destroying our
04:30country.
04:31They're dangerous.
04:32They're at the highest level of criminality.
04:34And we have to get them out.
04:36We have to get them out fast.
04:37I created one of the greatest economies in the history of our country.
04:41I'll do it again and even better.
04:43We are going to get to immigration and border security during this debate, but I would like
04:47to let Vice President Harris respond on the economy here.
04:51Well, I would love to.
04:52Let's talk about what Donald Trump left us.
04:55Donald Trump left us.
04:57Right.
04:58There we heard both Trump and the Harris almost a month longer, you know, old opening remarks
05:08that you gave, but still holds ground.
05:10Mitali, I was meaning to come to you first here.
05:13This was the same debate that made headlines for all the good or bad reasons.
05:19You know, when Trump said that they are eating our dogs, they're eating our cats.
05:23And it was a meme fest that started it all.
05:26But Kamala Harris had a very poised standing there.
05:30She spoke about, you know, bringing back the economy on track.
05:35And when we talk about economy, countries like India play a very significant role here
05:40because just because of the sheer market that India provides, and not only as a consumer,
05:46but also as a supplier of raw materials to the United States and other parts.
05:51What are the outstanding issues between India and the United States that you think should
05:57be ironed out, irrespective of whether it's a Republican or a Democrat holding the Oval
06:03Office?
06:04Yeah.
06:05So, first of all, thanks.
06:06Thanks, Pankaj.
06:07I think, you know, playing out those visuals just gives us a little bit of context.
06:12I mean, you also touched on feminism.
06:15So I just want to take like a minute to, you know, talk about the importance of having
06:20women in leadership and politics.
06:23You know, it's not about just Kamala Harris, but it's also about looking at how the U.S.
06:28is still not ready.
06:31You know, it's still not ready to have a woman as a president in many ways, because, I mean,
06:37amongst the major economies of the world, the U.S. is the only country which has not
06:42had a woman president.
06:44The U.S. is the only country that does not have legal maternity leave.
06:49You know, women are not entitled to any maternity leave whatsoever, and especially not paid
06:54maternity leave in any way.
06:57And you know, I think a lot of the points that Kamala Harris has also made about abortion,
07:02you know, while they might be considered controversial in the U.S., are just considered usual and
07:08normal, even in countries like India, where we have actually got a very clear rules-based
07:15abortion regime, which actually favors even single women who are seeking abortion.
07:21And you know, it is taken as women's right over their bodies, and we've never had, you
07:26know, these kinds of debates in many emerging economies about, you know, this very largely,
07:34a very, very, you know, old interpretation of abortion.
07:39So I think, you know, it's very important to have candidates, not only Kamala Harris,
07:44but many candidates to come out and support women's issues.
07:49And these are not women's issues, actually.
07:51These are issues which affect all families.
07:54You know, the right to have affordable child care is something that the Indian government,
07:59for example, is taking very seriously.
08:01And, you know, I'm advising the Ministry of Women currently on this issue of having
08:06more and more affordable child care in India, because we are seeing what's happening around
08:12the world with the absence of child care, you know, and the kind of falling population,
08:17you know, rates and fertility rates that we are seeing, because the onus of child rearing
08:22cannot fall only on women.
08:24So I think, you know, with Kamala Harris raising these issues, it elevates these issues to
08:30mainstream.
08:31And it starts to, you know, these are issues which affect all families, they affect men
08:36and women equally.
08:37And I think this is something that's very important that she's doing.
08:40But, you know, on your question of like, what are some of the issues we need to resolve?
08:46I think more than issues that we need to resolve, it's about the future direction of this partnership,
08:52you know, because we cannot come always be a service provider to the US.
08:57India has aspirations to become a leader, a global leader in the, you know, areas of
09:04technology, for example.
09:07And we definitely need, you know, more and more mentoring from, you know, tech leaders
09:12in the US, our, you know, startup founders, our tech founders need that mentoring from
09:17not only the, you know, American community, but as Pankaj said, from the IADs, who are,
09:23you know, setting up these companies in the US, you know, we need to have those supply
09:27chains tracing back to India, not only as a supplier, but an equal partner.
09:32Second is on renewable energy, we really need to work more and we need to have more and
09:37more innovation.
09:38Now, India is partnering with countries like Israel on say, for example, water saving technology
09:45and technology for desalination.
09:47And these are areas that we need US support in also, if we have to work together with
09:53countries like Israel, which find themselves, you know, geopolitically ring fenced in that
09:59sense at the moment, but have the technology that we need.
10:03And even on wind energy and solar energy, we need to work together with US because,
10:08you know, China has such a large part of the solar energy market, that, you know, having
10:14innovation and partnerships with the US can really take India on the leadership for solar
10:19energy as well.
10:20And then even on electric vehicles and autonomous vehicles, you know, just a few weeks ago,
10:26my friends were in San Francisco, and they actually took, you know, self driven taxis.
10:32Now that is something which you know, of course, it's a dream to think about a self driven
10:36car in India.
10:37But at least we can think about, you know, more and more innovation on green hydrogen,
10:41electric vehicles, and that can really be driven from the US, you know, to India and
10:47taking India as a partner in this endeavor, not just a supplier, or not just a market.
10:53So I think that is really where we want to see the future direction going.
10:57And of course, visas is an important issue, student visas is a very important issue, jobs
11:04for students after they go and invest four years or five years in their education in
11:09the US, and they need to earn it back.
11:12And you know, jobs for those students is a very important issue.
11:16Absolutely.
11:17Absolutely.
11:18Mithali and Nicore Associates is what you are the founder for, and you're an economist
11:24also.
11:25And trust me, we really appreciate your inputs here, not just as an economist, but also as
11:31a woman.
11:32Don't miss out.
11:33Log on to OneIndia.com for more updates.
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