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Some House Democrats back removing Haley Stevens from caucus after Rogers endorsement Paxton drops Alamo rally as Texas Senate race with Talarico tightens On tape: Buttigieg on the GOP's "golden age": a $2 billion golden age for them. Newsom predicts a Democratic 'blue tsunami' on Election Day On tape: Obama on the tariff promise: they were supposed to cut deficits. Instead, he says, debt is $40 trillion. Schumer calls Stevens' Rogers endorsement a betrayal as her staff quits before vote On tape: Peltola: Congress of millionaires and billionaires is "just going to keep taking from us." On tape: Trump, talking Venezuelan oil with Harold Hamm in the crowd: "let's make it" the 51st state. Final NBC poll has Democrats up 52% to 45% for Congress as Trump's disapproval hits 60% Trump calls El-Sayed a 'jihadist' at Iowa rally, praises Stevens for backing Rogers Some House Democrats back removing Haley Stevens from caucus after Rogers endorsement Paxton drops Alamo rally as Texas Senate race with Talarico tightens On tape: Buttigieg on the GOP's "golden age": a $2 billion golden age for them. Newsom predicts a Democratic 'blue tsunami' on Election Day On tape: Obama on the tariff promise: they were supposed to cut deficits. Instead, he says, debt is $40 trillion. Schumer calls Stevens' Rogers endorsement a betrayal as her staff quits before vote On tape: Peltola: Congress of millionaires and billionaires is "just going to keep taking from us." On tape: Trump, talking Venezuelan oil with Harold Hamm in the crowd: "let's make it" the 51st state. Final NBC poll has Democrats up 52% to 45% for Congress as Trump's disapproval hits 60% Trump calls El-Sayed a 'jihadist' at Iowa rally, praises Stevens for backing Rogers

Channel GOP · On the Trail · Sunday, November 1, 2026

Obama on the tariff promise: they were supposed to cut deficits.

The Files
Solid State · Color
Now playing on All Clips Obama on the tariff promise: they were supposed to cut deficits. Barack Obama1 plays Watch on Instagram · Transcript & source

Barack Obama, speaking at a campaign rally, says economists warned that consumers pay the tab for tariffs, "and that's exactly what happened." He mocks the trade war with Canada, "our friendly neighbors to the north" who, he says, are now booing at hockey games. Then he says that instead of tariffs bringing down deficits, the US is running a debt of $40 trillion.

The receipt

Who
Barack Obama
Where
rally - Atlanta campaign rally with Jon Ossoff and Keisha Lance Bottoms
Original footage
CNBC-TV18 · watch the full video from this moment
Length
56 seconds, unedited within the cut
Plays
1 on Instagram
Read the transcript

Economists said, when you impose tariffs, consumers pay the tab. And that's exactly what happened. And the big trade war he's waging now is a well -known evil empire. That historical adversary of the United States, Canada. The people who gave us Maple Syrup and Martin Short. the nicest people around, our friendly neighbors to the north, now they're booing our hockey games. And rather than having the terrorists bring down deficits, like he said he would, we're now running a debt to the tune of $40 trillion. $40 trillion

Machine transcript of the clip's audio; names are checked, small words may differ.

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