BUSH: There were lots of momentum trends that had already happened. You cannot tell me that higher taxes yields greater economic opportunity. Bill Clinton didn't reject the new normal. He signed trade agreements to expand trading opportunities. He was not hostile to capitalism
HARWOOD: You really think Obama's hostile to capitalism? Trans-Pacific Partnership—he's moving forward. South Korea, Colombia, he finished those agreements that your brother had moved down the line
BUSH: I definitely do. I think he has a deep-seated belief that through government programs and through government regulation, you can improve the social condition. I think that's his default place
VIDEO---> Jeb: Barack Obama is 'Hostile to Capitalism'
Bush sat down with CNBC's John Harwood to discuss his campaign in Cedar Rapids, Iowa