'Utterly contrary to what Trump said': Steve Rattner breaks down Trump's debate lies

HIS PIECE, "KAMALA HARRIS WON BY BEING ALL THE THINGS." >>> FIRST, FROM CONSPIRACY THEORIES TO EXAGGERATED CLAIMS, FACT-CHECKERS KEPT BUSY DURING TUESDAY NIGHT'S DEBATE DURING DONALD TRUMP AND KAMALA HARRIS. JOINING US NOW, FORMER TREASURY OFFICIAL, "MORNING JOE" ECONOMIC ANALYST, STEVE RATTNER. IS HE AT THE SOUTHWEST WALL? >> YEAH. >> WE HAVE TO RACE HIM TO THE SOUTHWEST WALL. THERE HE IS. >> HE MADE IT. >> GOOD HUSTLE, STEVE. THERE HE IS, STEPPING ONTO THE STAGE. ALL RIGHT. STEVE, LET'S -- >> DUN, DUN, DUN, DUN. >> IT WAS LIKE "THE TONIGHT SHOW." WE NEEDED THE CURTAIN, THOUGH. DONALD TRUMP'S CLAIM ABOUT THE RATE OF VIOLENT CRIME ACROSS THE COUNTRY, ESPECIALLY CRIME INVOLVING MIGRANTS. LET'S WATCH. >> SURE, WILLIE. >> DESPITE THE FRAUDULENT STATEMENTS THEY MADE, CRIME IN THIS COUNTRY IS THROUGH THE ROOF. WE HAVE A NEW FORM OF CRIME, CALLED MIGRANT CRIME. >> ALL RIGHT, STEVE, WHAT'S THE REALITY THERE? >> SO THE REALITY THERE, AND WE'VE TALKED ABOUT THIS BEFORE, FOR SOME REASON, DONALD TRUMP CAN'T PROCESS THE ACTUAL NUMBERS. HE PREFERS TO DEAL IN HIS ALTERNATE REALITY. THE REALITY IS THAT VIOLENT CRIME DROPPED 26% UNDER THE BIDEN-HARRIS ADMINISTRATION. IT HAS GONE FROM 398 PER 100,000 PEOPLE TO 294 PER 100,000 PEOPLE. THIS IS AN ANNUALIZED FIGURE, SO IT IS A SIGNIFICANT DROP THIS YEAR, IN PARTICULAR. UNDER THE TRUMP ADMINISTRATION, VIOLENT CRIME WAS EFFECTIVELY FLAT, WENT UP A LITTLE BIT. THAT WAS COVID, IN FAIRNESS. BASICALLY NO PROGRESS. HUGE PROGRESS UNDER BIDEN IN VIOLENT CRIME. NOW, ONE OF THE THINGS THAT THE FORMER PRESIDENT, THE OTHER GUY, WOULD LIKE US ALL TO THINK IS ALL THIS VIOLENT CRIME, HOWEVER MUCH THERE IS, IS BEING COMMITTED BY IMMIGRANTS. WE'VE TALKED ABOUT THIS BEFORE, ALSO. IT DOESN'T SEEM TO HAVE PENETRATED EITHER. THE FACT IS, WHEN YOU LOOK AT WHO COMMITS VIOLENT CRIMES, IT IS DISPROPORTIONATELY NATIVE-BORN AMERICANS, NOT IMMIGRANTS. THIS IS THE RATE OF CRIME PRODUCED BY NATIVE-BORN AMERICANS. THIS IS BY LEGAL IMMIGRANTS. THIS IS BY UNDOCUMENTED IMMIGRANTS. IF YOU LOOK AT PROPERTY CRIME, IF YOU LOOK AT DRUG VIOLATIONS, YOU'RE GOING TO FIND THE SAME THING. IT'S NOT THAT CRAZY TO THINK ABOUT. IF YOU COME HERE AND YOU'RE UNDOCUMENTED IMMIGRANT, YOU DON'T WANT TO BE SENT BACK. YOU'RE MUCH MORE LIKELY TO BE A LAW-ABIDING CITIZEN. DOCUMENTED IMMIGRANTS ARE HAPPY TO BE HERE. THEY DON'T WANT TO COMMIT CRIMES. SO THE HIGH CRIME RATES ARE REALLY AMONG NATIVE-BORN AMERICANS, AND THEY'VE BEEN GOING DOWN. THIS IS UTTERLY CONTRARY TO WHAT DONALD TRUMP SAID. >> SO I WANT TO JUST STOP HERE FOR A SECOND. WE JUST NEED TO UNDERLINE THESE TWO FACTS. FIRST OF ALL, REGARDING THE, M REALITY IS, THIS HAS BEEN THE CASE FOR YEARS. FOR YEARS, WHEN DONALD TRUMP AND OTHER DEMAGOGUES HAVE BEEN TALKING ABOUT ILLEGAL IMMIGRANTS COMING INTO AMERICA AND THEN COMMITTING A VAST ARRAY OF CRIMES, IT'S JUST NOT TRUE. THE DATA NEVER SHOWS IT. BY THE WAY, I'VE ALWAYS SAID MY ENTIRE LIFE, ADULT LIFE, THAT THE FIRST THING SOMEBODY SHOULD DO WHEN THEY COME TO AMERICA SHOULDN'T BE BREAKING A CRIME. YES, CROSS THE BORDER ILLEGALLY, THAT'S A CRIME. THEY SHOULDN'T DO THAT. I WISH TRUMP WOULD NOT HAVE KILLED OUR BORDER SECURITY BILL THAT, YOU KNOW, REPUBLICANS WANTED TO PASS AND DEMOCRATS WANTED TO PASS. I JUST -- THIS BEARS REPEATING, WHAT YOU SAID. THIS ISN'T A NEW FACT. THIS IS AN ONGOING FACT. THE SECOND THING, STEVE, IS THE BIG LIE THAT -- ANOTHER BIG LIE THAT CRIME IS JUST RAMPANT. LOOK AT YOUR NUMBERS. PER 100,000, LET'S UNDERLINE THIS, THE CRIME RATES THUS FAR PER 100,000 RESIDENTS, LOWER, VIOLENT CRIME RATE, THAN ANY YEAR THAT DONALD TRUMP WAS PRESIDENT. IN FACT, LOWER PER 100,000 PEOPLE, CRIME RATE, SOME ARE SAYING IF THE NUMBERS HOLD OUT, IT'LL BE THE LOWEST NUMBER SINCE 1950. UNDERLINE JUST THE DIFFERENCE BETWEEN PERCEPTION AND REALITY ON THIS FRONT. >> YEAH, I DON'T HAVE 1950 HERE, BUT YOU CAN SEE, EVEN FROM THE BEGINNING OF OBAMA, WHAT'S HAPPENED TO THE CRIME RATE FROM HERE TO HERE. A MATERIAL AMOUNT OF IT, AGAIN, JUST TO REPEAT, HAS COME UNDER THE BIDEN ADMINISTRATION. >> YEAH. ANOTHER OBVIOUS LIE. AN OBVIOUS LIE THAT PEOPLE LIKE NEIL CAVUTO AND COMMENTATORS ON CNBC, A LOT OF BUSINESSPEOPLE THAT SUPPORT DONALD TRUMP WILL TELL YOU IS A LIE, IS THE CLAIM THAT TARIFFS WON'T RAISE PRICES. LET'S TAKE A LOOK AT THAT LIE. >> THEY'RE NOT GOING TO HAVE HIGHER PRICES. WHO IS GOING TO HAVE HIGHER PRICES IS CHINA AND ALL OF THE COUNTRIES THAT HAVE BEEN RIPPING US OFF FOR YEARS. >> WHAT ARE THE FACTS? >> ALL RIGHT. >> WHAT ARE THE FACTS, STEVE? >> IT'S AMUSING TO ME AS, YOU KNOW, AN ECONOMICS GUY, THAT TRADE AND TARIFFS HAVE NOT BEEN THIS MUCH OF AN ISSUE, I THINK SINCE CLEVELAND AND HARRISON, WHEN THEY FOUGHT ABOUT TARIFFS. EVERY AMERICAN NOW HAS HEARD A LOT ABOUT TARIFFS, SO LET'S TALK ABOUT THE REALITY OF TARIFFS. TRUMP SAYS CHINA IS GOING TO PAY THE TARIFFS, OR WHATEVER COUNTRY IS GOODS ARE COMING FROM. THAT IS UTTERLY FALSE. FIRST, THE TARIFFS ARE PAID BY THE COMPANIES WHO BRING THE GOODS INTO THE COUNTRY, NOT BY A FOREIGN COUNTRY. WHAT DO THE ECONOMIES DO IF PAYING TARIFFS? THEY RAISE THEIR PRICES. HERE IS A REAL-LIFE EXAMPLE. THESE ARE LAUNDRY MACHINE PRICES. TRUMP IMPOSED TARIFFS ON THEM IN 2018. PRICES IMMEDIATELY OR, OVER A PERIOD OF TIME, WENT UP $200. THAT WAS FASTER THAN THE INCREASE IN THE RATE OF INFLATION. BIDEN ALLOWED THE TARIFFS TO EXPIRE. PRICES WENT DOWN $75. ALL IN ALL, THE PRICE OF LAUNDRY MACHINES IS NOW INCREASED BID BY LESS THAN THE OVERALL INFLATION RATE. PUT TARIFFS ON, PRICES GO UP. TAKE THEM OFF, PRICES GO DOWN. THERE ARE NATIONAL SALES TAX, JUST AS KAMALA HARRIS SAID, PAID BY THE CONSUMER. LET'S SEE WHAT THE CONSUMER IS PAYING. THERE'S VARIOUS ESTIMATES AROUND WHAT THE TRUMP TAX TARIFFS WOULD COST. HE'S TALKING ABOUT 20% ON EVERYTHING. 60% ON WHAT COMES IN FROM CHINA. THERE ARE ESTIMATES IT'D COST BETWEEN $2,600 AND $4,000 A YEAR PER FAMILY. THAT IS NOT EQUALLY DISTRIBUTED. TAXES ARE REGRESSIVE. PEOPLE AT THE LOWER END PAY A HIGHER SHARE OF INCOME, JUST LIKE IN SALES TAX, IN TARIFFS. YOU CAN SEE THE IMPACT HERE. IF YOU'RE AT THE BOTTOM, THE TRUMP TARIFFS WOULD COST 6.3% OF YOUR INCOME, OF YOUR AFTER-TAX INCOME. IF YOU'RE AT THE TOP, IT WOULD ONLY COST YOU 2.9% OF YOUR AFTER-TAX INCOME. WE ARE, IN EFFECT, AND IT'S NOT HUGE NUMBERS, WE ARE MAKING THE WEALTHIER WEALTHIER AND THE POORER POORER WHEN WE PUT TAXES ON, AS WELL AS BURDENING THE WHOLE SOCIETY WITH ANYWHERE UP TO $4,000 OF ADDITIONAL COST PER FAMILY. >> STEVE, WE HELD UP THE FRONT PAGE OF THE "WALL STREET JOURNAL" EARLIER. "INFLATION SLOWS TO 3-YEAR LOW." WHEN YOU TALK ABOUT TARIFFS, HOW DOES "THE WALL STREET JOURNAL" EDITORIAL BOARD, HOW DO SOME OF THE GUYS ON WALL STREET THAT YOU KNOW SO WELL AND TALK TO, WHO SUPPORT DONALD TRUMP, HOW DO THEY GO ALONG WITH A TARIFF PROGRAM, WHICH YOU LAY OUT CLEARLY, AND EVERY ECONOMIST WILL DO FOR YOU, AS WELL, THAT PLAINLY, IT'S A TAX ON EVERYDAY AMERICANS? >> I THINK "THE WALL STREET JOURNAL" EDITORIAL BOARD KNOWS THEY SUPPORT TRUMP IN FACE OF THE TARIFFS. YOU GET BAD STUFF WITH TRUMP. YOU SAW THEIR EDITORIAL AFTER THE DEBATE. THEY'VE ACKNOWLEDGED IT. YOU ALSO GET A PRO-BUSINESS, PRO-DEREGULATION, GET ALL THIS STUFF. WHEN YOU LINE IT UP AGAINST THE DEMOCRATS, THEY STILL THINK FROM A BUSINESS POINT OF VIEW, YOU'RE BETTER OFF. BUT THEY HATE THIS. THEY THINK THIS IS BAD FOR OUR ECONOMY AND FOR BASICALLY NOT JUST COMPANIES BUT FOR CONSUMERS. >> IT APPEARS TO BE FOUNDATION OF HIS PLAN. LAST WEEK, HE SAID HE'D PAY FOR CHILD CARE WITH TARIFFS. >>> LET'S MOVE ON. DONALD TRUMP MAKING FALSE CLAIMS ABOUT OIL PRODUCTION IN AMERICA, AS WELL AS SPENDING ON UKRAINE. LET'S LISTEN. >> I GOT THE OIL BUSINESS GOING LIKE NOBODY HAS EVER DONE BEFORE. THEY TOOK -- WHEN THEY TOOK OVER, THEY GOT RID OF IT. WE'RE IN FOR $250 BILLION OR MORE BECAUSE THEY DON'T ASK EUROPE, WHICH IS A MUCH BIGGER BENEFICIARY TO GETTING THIS THING DONE THAN WE ARE, THEY'RE IN FOR $150 BILLION LESS. BECAUSE BIDEN AND YOU DON'T HAVE THE COURAGE TO ASK EUROPE. >> WHAT'S THE TRUTH ON THESE TWO? >> YOU KNOW, HE GOT HIS NUMBERS ALMOST EXACTLY REVERSED. IT'S QUITE REMARKABLE. AT LEAST HE HAD SOME NUMBERS IN HIS HEAD, THEY WERE JUST THE WRONG ONES FOR THE WRONG THING. THE FACT IS, EUROPE HAS BEEN FAR MORE GENEROUS TO UKRAINE, AS WE HAVE BEEN, OVER $180 BILLION TO UKRAINE. WE ARE LIMPING -- I SHOULDN'T SAY LUMPING ALONG BECAUSE IT'S A REASONABLE AMOUNT OF MONEY. WE ARE SENDING $100 BILLION. THIS WHOLE FLAT LINE PIECE HERE, YOU'LL REMEMBER THE FIGHT LAST SPRING ABOUT WHETHER TO GIVE THEM MONEY AT ALL. IT BARELY GOT DONE AT ALL. WE ARE, BY FAR, THE LAGGARDS IN WHO IS CONTRIBUTING MORE TO THE UKRAINE PROBLEM. >> "MORNING JOE" ECONOMIC ANALYST, AS ALWAYS, BREAKING IT