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less taxes, the party of less regulation, the party of more economic freedom, then they're going to get -- seriously, they are going to move one step closer to political oblivion. >> yeah. i still think it's really important to look at the analogy of the democratic party which spent so much time in the wilderness and the -- >> '84, the san francisco democrats when they were radical. >> the 49-state sweep, and you got the deal, you got al frum and a lot of folks trying to reorient the party. and there was significant rethinking. and the democratic base didn't love that. steve knows this. but guess what? in 1992, you got the first president -- first democratic president in 12 years who then became the first democratic president since fdr to be re-elected. and now you've had the second democratic president to be re-elected since fdr who's the first guy who had a chance.

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