democratic convention in san francisco where the then vice president, former vice president mondale stood up, looked into the camera and said, president reagan won t tell you he ll race your taxes. i just did. he might as well have said i ll see you later. saturday night live had a skit later where he said what was i thinking? talk about tax reform, going back to history, 1986, how long, how hard it was when congress and the presidency, they were working together more often than not. for bill bradley and the republicans to come together and put together tax reform then was very, very hard. it so unlikely it will actually work. one other thing that is going to be a real game changer this year. you opened the segment with ben bernanke talking about what needs to be done. ron paul, now in charges of monetary policy. that s what i was going to ask you. we re on the same wave length.
mondale stood up, looked into the camera and said, president reagan won t tell you he ll race your taxes. i just did. he might as well have said i ll see you later. saturday night live had a skit later where he said what was i thinking? talk about tax reform, going back to history, 1986, how long, how hard it was when congress and the presidency, they were working together more often than not. for bill bradley and the republicans to come together and put together tax reform then was very, very hard. it so unlikely it will actually work. one other thing that is going to be a real game changer this year. you opened the segment with ben bernanke talking about what needs to be done. ron paul, now in charges of monetary policy. that s what i was going to ask you. a man who believes the fed shouldn t exist is going to be in charge of monetary policy.
especially a presidential year. i think it s not just about the upper earners. what about the middle class tax cuts. peter orszag, the president s budget director is the one who raised his eyebrows when he left saying we can t afford any of these, not the middle class tax cuts, not the tax cuts for the upper earners, not if you want to be serious about the debt. by 2012, we ll come to a period where the president will deal with the debt situation with republicans or not. mike, do you remember 1984. walter mondale. i promise to raise your taxes, and it was as if that horn from the flintstones. they didn t do it well in 84. they re not going to promise to raise taxes in 2012. they lost this debate, they lost the tax war. for the boys and girls out there in the audience, we re describing a ploemt at the 1984 democratic convention in san francisco where the then vice president, former vice president