Full Transcript: Presidential Debate September 26, 2016 Donald Trump vs Hillary Clinton

Donald Trump: Well, he approved NAFTA…

Hillary Clinton:… million new jobs, a balanced budget…

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

Hillary 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%. We increased them to China 50%. So I know how to really work to get new jobs and to get exports that helped to create more new jobs.

Lester Holt: Very quickly…

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

Hillary Clinton: Well, I’ve been a senator, Donald…

Donald Trump: You haven’t done it. You haven’t done it.

Hillary Clinton: And I have been a secretary of state…

Donald Trump: Excuse me.

Hillary Clinton: And I have done a lot…

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

Hillary Clinton: Well, that’s your opinion. That is your opinion.

Donald 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%. 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.

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Hillary 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…

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

Hillary Clinton: No.

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

Hillary 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…

Donald Trump: Not.

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

Donald Trump: So is it President Obama’s fault?

Hillary Clinton:…before you even announced.

Donald Trump: Is it President Obama’s fault?

Hillary Clinton: Look, there are differences…

Donald Trump: Secretary, is it President Obama’s fault?

Hillary Clinton: There are…

Donald Trump: Because he’s pushing it.

Hillary 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.

Donald Trump: But you have no plan.

Hillary Clinton: But in — oh, but I do.

Donald Trump: Secretary, you have no plan.

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

Donald Trump: That’s about all you’ve…

Lester Holt: Folks, we’re going to…

Hillary Clinton:… or at an airport near you.

Lester Holt: We’re going to move to…

Hillary 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.

Donald 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. I’m going to cut regulations. I’m going to cut taxes big league, and you’re going to raise taxes big league, end of story.