September 21, 2011 - Mitch Daniels

  • Episode: 16119
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Barack Obama presents his tax plan, the super rich risk extinction, and Mitch Daniels discusses the American economy.

[CHEERING AND APPLAUSE]

>> Jon: WELCOME TO "THE DAILY

SHOW."

MY NAME IS JON STEWART.

OH, DO WE HAVE A SHOW FOR YOU

TONIGHT.

MY GUEST TONIGHT, MITCH DANIELS.

HE IS THE CURRENT GOVERNOR OF

INDIANA AND THE GUY THAT EVERY

OTHER REPUBLICAN SAYS, "MAN, I

WISH THAT GUY WAS RUNNING FOR

PRESIDENT."

[LAUGHTER]

BUT AT LEAST MAYBE VICE

PRESIDENT.

BUT LET'S START IN WASHINGTON.

THEY ENJOY THAT.

MONDAY MORNING PRESIDENT OBAMA

TOOK TO THE WHITE HOUSE ROSE

GARDEN, WHERE APPEARING IN FRONT

OF THE VERY DOORKNOBS THAT MIGHT

BE HITTING HIM IN THE ASS NEXT

NOVEMBER, HE TALKED DEATH AND

TAXES.

>> TODAY I'M LAYING OUT A SET OF

SPECIFIC PROPOSALS TO FINISH

WHAT WE STARTED THIS SUMMER.

>> Jon: YOU MEAN FORT AWESOME?

[LAUGHTER]

TREEHOUSE I WAS BIDDING ON THE

WHITE HOUSE LAWN.

>> IT'S A PLAN THAT REDUCES OUR

DEBT BY MORE THAN $4 TRILLION

AND ACHIEVES THESE SAVINGS IN A

WAY THAT'S FAIR.

>> Jon: WHAT WE'LL DO IS ONE

AT A TIME EXCUSE OURSELVES TO GO

TO THE BATHROOM.

THEN WE WILL CLIMB OUT OF THE

WINDOW AND INTO CANADA.

[LAUGHTER]

SERIOUSLY, WHAT'S THE PLAN?

>> IT COMES DOWN TO THIS: WE

HAVE TO PRIORITIZE.

EITHER WE ASK THE WEALTHIEST

AMERICANS TO PAY THEIR FAIR

SHARE IN TAXES, OR WE HAVE TO

ASK SENIORS TO PAY MORE FOR

MEDICARE.

WE CAN'T AFFORD TO DO BOTH.

EITHER WE GUT EDUCATION AND

MEDICAL RESEARCH, OR WE'VE GOT

TO REFORM THE TAX CODE SO THAT

THE MOST PROFITABLE CORPORATIONS

HAVE TO GIVE UP TAX LOOPHOLES

THAT OTHER COMPANIES DON'T GET.

WE CAN'T AFFORD TO DO BOTH.

THIS IS NOT CLASS WARFARE.

IT'S MATH.

[APPLAUSE]

>> Jon: LET ME SAY THIS:

BARACK OBAMA KNOWS ONE THING.

YOU CAN NEVER GO WRONG APPEALING

TO AMERICANS' LOVE OF MATH.

[LAUGHTER]

PROBABLY SOMETHING HE STOLE

BASED ON THE HUGELY POPULAR

ONLINE ROLE PLAYING GAME "WORLD

OF MATHCRAFT."

MY CHARACTER RHOMBUS WEARS THE

PYTHAGORAS HAT.

THAT'S HOW YOUR GOING TO SELL

YOUR PROGRAM?

IT'S NOT WAR, THE THING WE'RE

BEST AT, IT'S MATH, THE

WE'RE 365th IN THE WORLD AT,

OR AS WE LIKE TO THINK OF IT,

THE TOP 10%.

THE PRESIDENT HAS DRAWN STARK POLICY DIFFERENCE BETWEEN HIMSELF AND HIS OPPONENT.

WE MUST RAISE TAXES ON THE WEALTHY OR RISK THE VERY FABRIC OF OUR 07-YEAR SAFETY SOCIAL NET.

THE REPUBLICANS MUST BE ABLE TO COUNTER THIS BY PUTTING A HUMAN FACE ON THE BURDEN THIS WILL

PLACE ON OUR MOST VULNERABLE WEALTHY.

CUE LOUISIANA GOVERNOR REPUBLICAN AND SMALL BUSINESS OWNER OF A SMALL BUSINESS

SANDWICH SHOT JOHN FLEMING.

>> THE "WALL STREET JOURNAL" ESTIMATED YOUR BUSINESS, A SUBWAY SANDWICH SHOP,

BREAKTHROUGH YOU LAST YEAR OVER $6 MILLION.

>> YEAH, THAT'S BEFORE YOU PLAY 500 EMPLOYEES.

THE AMOUNT I HAVE TO REINVEST IN MY BUSINESS IS $600,000 OF THAT $6.3 MILLION.

BY THE TIME I FEED MY FAMILY, I HAVE MAYBE $400,000 LEFT OVER TO UPGRADE, BUY MORE EQUIPMENT.

[AUDIENCE REACTS]

>> Jon: SETTLE DOWN.

LET'S IGNORE FOR A MOMENT THAT THIS GENTLEMAN SEEMS TO HAVE AN INCREDIBLY [BLEEPED] ACCOUNTANT

WHO HAS ADVISED HIM TO PAY PERSONAL INCOME TAX ON MONEY HE REINVESTS IN HIS BUSINESS, BLOW

PAST THE FACT THAT UNDER OBAMA'S PLAN ENSTEAD OF HAVING $400,000

YOU'D HAVE $381,000, LET'S FOCUS ON THE $200,000 YOU SAY A YEAR

YOU NEED TO FAY YOUR FAMILY.

NOW --

[LAUGHTER]

I'M GOING TO TELL YOU SOMETHING YOU MAY NOT KNOW.

THERE IS A PLACE WHERE YOU CAN BUY A FULL 12 INCHES OF MEAT SUBFOR $5.

[CHEERING AND APPLAUSE]

NOW, BY MY CALCULATIONS,

$200,000 WILL BUY YOU 40,000 FEET OF FOOD.

THAT IS EIGHT MILES OF ROOM TEMPERATURE HONEY CURED TECHNICALLY, TURKEY.

PERHAPS YOU'VE HEARD OF THESE PLACES.

THEY'RE EVERYWHERE!

SO PROBLEM SOLVED.

>> AGAIN, IF YOU GO AFTER THE HIGHER-INCOME EARNER, YOU'RE ALSO GOING AFTER THE JOB

CREATORS, SO WHATEVER IS CUT OUT OF THOSE EARNINGS IS MONEY TAKEN OUT OF CAPITAL FOR REN

INVESTMENT FOR CREATING MORE JOBS, OPENING UP MORE LOCATIONS.

>> Jon: MORE LOCATIONS AT LONG LAST, SIR?

WE DON'T NEED MORE SUBWAYS.

I'LL SHOW YOU, WE SENT WYATT CENAC TO THE NEAREST SUBWAY.

WYATT, WHERE ARE YOU RIGHT NOW?

>> I'M RIGHT HERE, JON.

[CHEERING AND APPLAUSE]

>> Jon: BY THE WAY, THE ONLY REASON THEY OPENED A SUBWAY NEXT TO OUR STUDY ROW IS THE ONE

INSIDE OUR STUDIO COULDN'T HANDLE ALL THE BUSINESS.

IT'S RIGHT OVER THERE.

YOU DON'T NORMALLY SEE IT ON CAMERA.

BUT IT SMELLS LIKE A LEFT OF BREAD TOOK A [BLEEPED].

SO THAT'S FINE.

TAXES GO UP.

[LAUGHTER]

TAXES GO UP.

YOU MAY FIND YOURSELF AT TIMES MORE THAN 20 SANDWICH LENGTHS AWAY FROM THE NEXT SUBWAY STORE.

THEY ARE PLENTIFUL.

BUT THERE IS SADLY ONLY ONE PAPA BEAR.

>> IF YOU TAX ACHIEVEMENT, SOME OF THE ACHIEVERS ARE GOING TO PACK IT IN.

AGAIN, LET'S TAKE ME.

MY CORPORATIONS EMPLOY SCORES OF PEOPLE.

THEY DEPEND ON ME TO DO WHAT I DO SO THEY CAN MAKE A NICE SALARY.

IF BARACK OBAMA BEGINS TAXING ME MORE THAN 50%, WHICH IS VERY POSSIBLE, I DON'T KNOW HOW MUCH

LONGER I'M GOING TO DO THIS.

I LIKE MY JOB BUT THERE COMES A POINT WHERE TAXATION BECOMES OPPRESSIVE.

[LAUGHTER]

>> Jon: SO IF TAXES ARE RAIDS,

BILL O'REILLY MIGHT QUIT HIS FOX JOB?

[CHEERING AND APPLAUSE]

WELL, THAT, THAT BRINGS US TO OUR NEW SEGMENT, NO, STOP, BILL,

DON'T, PLEASE.

NO.

[LAUGHTER]

I SHOULDN'T POKE FUN.

BILL IS JUST STANDING UP FOR A SHRINKING EXPLOITED MINORITY.

>> RIGHT NOW TAXPAYERS WITH INCOMES ABOVE $1 MILLION REPRESENT JUST .2%, NOT 2%, .2%

OF ALL INCOME TAX RETURNS.

YET THE MILLION DOLLAR BABIES PAY 21% OF ALL THE FEDERAL INCOME TAXES.

>> MILLIONAIRES ARE DISAPPEARING FROM AMERICA.

>> Jon: THE SUPER RICH WILL GO EXTINCT.

WE'D ADD THEM TO THE ENGLAND DANGERRERED SPECIES LIST, BUT YOU NOW HOW MUCH THEY DESPISE

GOVERNMENT REGULATION.

OH, CRUEL IRONY.

PEOPLE, EVERY DAY AMERICA LOSES MORE AND MORE MILLIONAIRES TO ABUSIVE INDIVIDUAL AND CORPED

RAT TAX BREAKS.

THEIR HABITATS ARE SLOWLY DISAPPEARING.

THEIR WATERING HOLES ARE DRYING UP.

IF WE DON'T ACT QUICKLY, THESE ONCE-PLENTIFUL CREATURES WILL BE RELEGATED TO ZOOS AND

HEARTBREAKING DOCUMENTARIES.

HI, I'M JON STEWART.

[CHEERING AND APPLAUSE]

[LAUGHTER]

WILL YOU BE AN ANGEL FOR A HELPLESS MULTIMILLIONAIRE?

EVERY DAY JAMES MERIWEATHER PHILLIPS, JAMES TO OUR DOMESTIC STAFF, AND THOUSANDS MORE LIKE

HIM LIVE IN FEAR THAT THE TOP MARGINAL TAX RATE WILL BE RAISED FROM ITS CURRENT 35% TO 39.6%.

BUT YOU CAN HELP.

FOR JUST MOST OF WHAT YOU EARN IN A YEAR, YOU CAN HELP JAMES MAKE UP THAT DIFFERENCE.

CALL NOW BECAUSE HE WANTS THE MONEY NOW.

WE'LL BE RIGHT BACK.

INTERSTREW GOVERNOR OF INDIANA,

MITCH DANIELS, AND FROM WHAT I

UNDERSTAND, IT'S GOING TO GO

VERY LONG, SO WHAT WE'RE GOING

TO TRY TO DO IS, WITH AS FEW

CUTS AS POSSIBLE, PRESENT IT IN

A WAY THAT IS COHERENT AND MAKES

SENSE AND EVERYTHING ELSE WILL

BE UP ON THE WEB, SO, I MEAN, I

KNOW HOW YOU KIDS ON THE WEB

LIKE THE WATCH PEOPLE TALK TO

GOVERNORS.

[LAUGHTER]

HIS NEW BOOK IS CALLED "KEEPING

THE REPUBLIC: SAVING AMERICA BY

TRUSTING AMERICANS."

PLEASE WELCOME TO THE PROGRAM

GOVERNOR MITCH DANIELS.

[APPLAUSE]

THANK YOU FOR JOINING US.

"KEEPING THE REPUBLIC: SAVING

AMERICA BY TRUSTING AMERICANS,"

AND YOU'VE MET US, AMERICANS.

>> YOU ASKING ME?

I'VE MET A FEW.

>> Jon: AND YOU STILL TRUST

US?

[LAUGHTER]

>> I CAN MAKE AN EXCEPTION IN

YOUR CASE, JON.

>> YOU'VE SEEN THE "DANCING WITH

THE STARS" CONTROVERSY.

SO FOR YOU, NOW OBVIOUSLY YOU

WERE... YOU ARE STILL SPOKEN OF

IN VERY I THINK ALMOST SACRED

TERMS AS THE FISCALLY

RESPONSIBLE GOVERNOR THAT COULD

SAVE THE REPUBLICAN PARTY, THAT

COULD BE PRESIDENT.

A WOMAN IN THE AUDIENCE TONIGHT

WOULD VERY MUCH LIKE YOU TO BE

PRESIDENT OR AT LEAST VICE

PRESIDENT.

>> Jon:

>> ONE WOMAN?

>> Jon: IT'S OUR AUDIENCE.

I DON'T KNOW WHAT TO TELL YOU.

[FIVE MINUTES LATER]

>> Jon: THE TROUBLE WITH THE

PLAN, THEY KEEP SAYING, THE

GOVERNMENT IS OUT OF CONTROL.

THEY'RE SPENDING MORE THAN THEY

TAKE IN.

THEY'RE CRAZY.

THEY'RE LIKE DRUNKEN SAILORS,

BUT WHEN THEY WERE IN CHARGE,

THEY HAD AN UNPAID-FOR MEDICAID

BILL OF A TRILLION DOLLARS, THEY

HAD TWO WARS.

THEY DIDN'T RAISE TAXES DURING

TWO WARS.

THAT CONTRIBUTED TO THE DEFICIT.

USING THAT STUDY THAT I HAVE,

AND WE HAVE IT TO PUT UP, PEW,

WHATEVER THE NAME OF THAT

RESEARCH CENTER IS, THE 2001,

2003 TAX CUTS RESPONSIBLE FOR

$1.7 TRILLION.

THE IRAQ WARS, APPARENTLY THE

STIMULUS AND ALL THAT WAS ONLY

RESPONSIBLE FOR $700 BILLION OF

THAT.

IT'S HARD TO LISTEN TO THOSE

FOLKS AND TAKE THEM SERIOUSLY

BECAUSE WHAT IT SOUNDS LIKE

THEY'RE SAYING, "WE NEED TO STOP

SPENDING WHEN DEMOCRATS ARE IN

CHARGE, BUT WHEN PRINCE ARE IN

CHARGE, WE NEED TO JUST DO

WHATEVER WE DO."

>> AFTER 9/11, I FORGOT THIS AND

SOMEBODY SENT ME A COPY.

I WENT TO THE NATIONAL PRESS

CLUB ON BEHALF OF THE

ADMINISTRATION AND SAID, LOOK

HOW MUCH SPENDING WAS CUT.

IF WE'RE GOING TO BE IN THE WAR,

THEN OTHER PRIORITIES OUGHT TO

BE POSTPONED FOR A WHILE, AND

THAT'S WHAT HARRY TRUMAN DID

WHEN WE WENT INTO KOREA, WHAT

F.D.R. DID WHEN WE WENT INTO

WORLD WAR II, AND IT'S VERY FAIR

TO SAY, REPUBLICANS WERE IN

CONGRESS, I GOT NOWHERE WITH

THAT ARGUMENT.

YOU'RE QUITE CORRECT.

THE COSTS WERE ADDED ON.

I'M JUST SAYING THAT WHEN YOU

LOOK FORWARD AT THE PROBLEMS

THAT ALARM ME, AND I REALLY

BELIEVE SHOULD ALARM EVERY

AMERICAN WHO CARES ABOUT THE

AMERICAN PROMISE OF UPWARD

MOBILITY THAT'S AT THE HEART OF

THIS COUNTRY, THEN RELIT GAITING

THAT IS NOT GOING TO GET US VERY

FAR.

THE REAL QUESTION IS WHAT STEPS

CAN WE TAKE TO...

>> Jon: THAT'S A FAIR POINT.

WHEN WE COME BACK THEN WE'LL

TALK A LITTLE BIT ABOUT THE

STEPS THAT WE CAN TAKE AND WE

WON'T RE-LITIGATE.

WE'LL BE

WE'RE BACK.

WE'RE TALKING WITH GOVERNOR

MISSION DANIELS.

WE'VE BEEN DANCING AROUND, BUT

GETTING MORE DIRECTLY TO THE

POINT, IT SEEMS LIKE THE

REPUBLICANS ARE DOING EVERYTHING

THEY CAN TO PROTECT THE

WEALTHIEST PEOPLE IN THIS

COUNTRY THROUGH POLICY AND

THROUGH RHETORIC.

AND I GUESS I'M JUST NOT

UNDERSTANDING WHY.

AND I'M HAVING A PROBLEM.

THIS DECADE HAS NOT BEEN A BAD

DECADE FOR THE WEALTHIEST OF

AMERICANS, AND IF THEY ARE THE

JOB CREATORS, WHY ARE THEY NOT

CREATING?

>>

[CHEERING AND APPLAUSE]

WHAT IS IT THAT WE'RE DOING?

IT FEELS LIKE FALSE ARGUMENT TO

ME.

>> WELL, JON, YOU'VE GOT THE

WRONG GUEST IF THAT'S YOUR

QUESTION BECAUSE I'VE BEEN

TELLING MY FELLOW CITIZENS FOR

AS LONG AS I'VE BEEN... THIS IS

THE ONLY ELECTED JOB I EVER

INTEND TO BE IN.

IT IS NOT OUR BUSINESS TO SEE

THE PEOPLE OF GREAT MEANS MAKE

MORE MONEY.

IT IS OUR BUSINESS TO SEE THE

PEOPLE WITHOUT MUCH MONEY HAVE

CHANCE TO MAKE MORE.

THAT'S WHAT'S BOTHERING ME.

>> Jon: SO YOU'RE A SOCIALIST?

>> SOCIALISM IS A VERY EFFECTIVE

MECHANISM FOR SPREADING MISERY.

THAT'S WHY I'M NOT.

>> Jon: IN YOUR MIND, IS THE

RHETORIC YOU'RE HEARING FROM

YOUR PARTY MISGUIDED?

>> WELL, I THINK IT CAN STAND

SOME IMPROVEMENT.

THAT'S THE BIGGEST POINT OF THIS

BOOK.

I'VE BEEN TRYING TO SAY TO FOLKS

WHO GENERALLY LOOK AT THE WORLD

AS I DO, FIRST OF ALL, YOU KNOW,

LET'S TRY TO SPEAK THE LANGUAGE

OF UNITY.

THE PROBLEMS WE FACE ARE GOING

TO TAKE A VERY LARGE CONSENSUS

OF PEOPLE, PEOPLE WHO DISAGREE

ABOUT OTHER THINGS WILL NEED TO

GET TOGETHER AND SAY, LET'S TAKE

THE STEPS THAT WILL SAVE US ALL.

NO ONE WILL SUFFER MORE IF WE

DRIFT OVER FISCAL NIGHING A

REMARKS WHICH WE ARE

MATHEMATICALLY CERTAIN TO BE

HEADED FOR IF WE DON'T MAKE A

FEW CHANGES.

NO ONE WILL SUFFER MORE THAN THE

MOST VULNERABLE PEOPLE.

THEY ALWAYS DO.

BUT IT'S A PRACTICAL QUESTION,

AND I'M OPEN MINDED, AND I THINK

OTHER PEOPLE SHOULD BE.

I'VE SAID HERE AND IN OTHER

PLACES, I'LL BE HAPPY TO TELL

YOU WHAT I THINK THE BEST WAY TO

GET MORE REVENUE TO, GET MORE

ECONOMIC GROWTH, TO GET THE

SPENDING, THE UNAFFORDABLE

SPENDING DOWN, SO LET'S DO THAT.

BUT YOU HAVE A SECOND BEST WAY,

BRING IT ON, LET ME HEAR IT.

>> Jon: SO IN THE LANGUAGE OF

UNITY, WHAT WOULD BE YOUR THREE

STEPS, YOUR PRESCRIPTION?

THE PRESCRIPTION I'VE HEARD FROM

THE PRESIDENT APPEARS TO BE CUT

SPENDING IN CERTAIN AREAS AND

RAISE TAXES ON THE TOP 1% OR

ALLOW THE BUSH TAX...

>> I DON'T KNOW ABOUT CUT

SPENDING.

I KEEP BEING REMINDED OF ST.

AUGUSTINE, LORD, MAKE ME CHASTE,

BUT NOT JUST YET.

>> Jon: WHAT WOULD YOU DO?

>> WE OUGHT TO SAVE THE SAFETY

NET.

YOU START BY SAYING THE PEOPLE

WHO RELY ON SOCIAL SECURITY AND

MEDICARE TODAY, DON'T WORRY

ABOUT A THING.

NOTHING SHOULD CHANGE FOR YOU OR

EVEN FOR THOSE PEOPLE

APPROACHING THE SYSTEM.

YOU ARE GOOD TO GO.

A DEAL IS A DEAL.

NOW, PLEASE HELP US CREATE A

SOCIAL SECURITY 2.0 STARTING IN

THE FUTURE SO THAT YOUNGER

PEOPLE WHO ARE PAYING FOR YOUR

RETIREMENT NOW HAVE A CHANCE TO

BE PROTECTED, TOO.

THAT SYSTEM SHOULD NOT... THE

PRESIDENT'S OBSESSION WITH

WEALTHY PEOPLE, FINE, BUT I

THINK HE'S LOOKING IN THE WRONG

PLACE, EVERYBODY SHOULD

CONTRIBUTE.

THEY SHOULD START WITH THE

BENEFITS.

WHY ARE WE SENDING WARREN

BUFFETT A PENSION CHECK.

>> Jon: GO BACK FOR A SECOND.

THE PRESIDENT'S OBSESSION WITH

WEALTHY PEOPLE.

DOES HE HAVE AN OBSESSION?

>> I'M GLAD TO SEE...

>> Jon: WITH RAISING THE TAX

RATE TO THE CLINTON ERA, IS THAT

AN OBSESSION IN DO YOU REALLY

CONSIDER THAT THIS PRESIDENT HAS

BEEN BAD FOR RICH PEOPLE IN THIS

COUNTRY?

OR WALL STREET OR ANYTHING?

>> THAT'S NOT WHAT I MEAN.

IT'S THE CONSTANT BASHING.

YOU CAN CONFISCATE ALL THE

WEALTH OF THOSE PEOPLE AND WE

WOULDN'T BE ANYWHERE.

>> Jon: LET ME GO TO THE

LANGUAGE.

"OBSESSION," "BASHING" AND

"CONFISCATE."

I UNDERSTAND THE LANGUAGE OF

UNITY, AND I'M NOT SURE THAT

THAT'S IT.

SO... AND I THINK THAT... I'M

GOING TO TELL YOU THIS, SO IN

THE LAST DECADE HERE, THE TOP 1%

HAVE TAKEN NEARLY 25% OF THE

INCOME.

25 YEARS AGO IT WAS 1%.

NOBODY HAS DONE BETTER IN THIS

COUNTRY THAN THOSE PEOPLE.

I'M INCLUDED IN IT.

AND TO ASK THEM TO DO THAT, I

DON'T UNDERSTAND THIS HARD

LINE,S THAT CLASS WARFARE, BUT

SOMEHOW MAKING THE MEDIAN IN

THIS COUNTRY, 50%, WHICH NOW

CONTROLS 2.5% OF THE WEALTH,

THAT THAT POLICY IS NOT CLASS

WARFARE, BUT TALKING ABOUT

RAISING THE RATES 4%,S THAT

CLASS WARFARE.

I DON'T UNDERSTAND THAT.

[CHEERING AND APPLAUSE]

IT REALLY IS I THINK... AND AS

MUCH AS... CLEARLY YOU'RE

INCREDIBLY SMART, RESPECTED GUY,

BUT THE LANGUAGE THAT YOU JUST

USED AND SLIPPED INTO QUITE

EASILY...

>> WELL, IF I GOT A LITTLE

DEFENSIVE BECAUSE YOU'RE ASKING

ME TO DEFEND POSITIONS I HAVEN'T

TAKEN.

LOOK, I'LL SAY IT AGAIN, I THINK

THE HEART OF OUR CHALLENGE IS TO

RESTORE AND STRENGTHEN THE

UPWARD MOBILITY IN THIS COUNTRY

AND THE POSSIBILITIES FOR A

STABLE AND A HOPEFUL MIDDLE

CLASS.

AND IT'S A... THESE ARE

PRACTICAL QUESTIONS.

YOU KNOW, I THINK IF YOU HAD A

MORE PRO-GROWTH TAX SYSTEM, THE

KIND I DESCRIBED EARLIER, THE

KIND THE PRESIDENT'S COMMISSION,

HEADED THAT SAME DIRECTION, A

LOT OF PEOPLE ARE, YOU'D HAVE A

SEPARATE DISCUSSION ABOUT THE

RATES.

THE ONLY QUESTION I HAVE ABOUT

RATES, I'M WITH YOU ON FAIRNESS.

I WANT TO MAKE SURE WE DON'T

SHOOT OURSELVES IN BOTH FEET BY

RAISING THEM TO A POINT WHERE

THEY BEGIN TO HURT ECONOMIC

GROWTH.

GROWTH IS THE ABSOLUTE ESSENTIAL

BOTH FOR PROSPERITY AND FOR

FAIRNESS.

[SEVEN MINUTES LATER]

>> Jon: HERE'S WHAT I WOULD

SAY.

NO, THEY'RE LOVELY PEOPLE.

I APOLOGIZE IF YOU FEEL LIKE I

WAS ASKING YOU QUESTIONS ABOUT

THINGS THAT YOU DON'T KNOW.

THE PROBLEM IS IT'S VERY

DIFFICULT TO GET PAUL RYAN OR

THOSE TYPES OF FOLKS TO COME ON

AND REALLY ANSWER IN AN HONEST

WAY ABOUT WHAT THEY'RE SAYING ON

THESE TYPES OF SHOWS.

AND THE REASON I WAS EXCITED TO

HAVE YOU ON IS BECAUSE OF YOUR

REPUTATION AS A SMART FISCAL

CONSERVATIVE THAT WAS NOT... SO

I APOLOGIZE.

>> WELL, I HOPE YOU -- I DIDN'T

LET YOU DOWN.

>> Jon: YOU DIDN'T LET ME

DOWN.

AND HONESTLY, I'M JUST EXCITED

TO HAVE ANYBODY ELSE, WHEN I

MEET THEM, WE'RE THE SAME

HEIGHT.

THAT'S THE TRUTH.

"SAVING THE REPUBLIC."

IT'S ON THE BOOKSHELVES NOW.

[CHEERING AND APPL

JOIN US TOMORROW NIGHT AT 11:00.

HERE IS YOUR MOMENT OF ZEN.

>> SPEDDING IS OUT OF CONTROL.

GIVING THE FEDERAL M

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