obama is the deficit reducer, this is the man that has run up the largest deficits in american history by a factor you can t even calculate. he had nowhere to go but some reduction. he averaged over a trillion dollars, that obviously can t go on. he increased taxes. what he has produced is a stagnant economy on the european model. chronic unemployment as you see in europe. entitlement state where you get a sluggish recovery, worst since the second world war. under reagan, 6, 7, 8% growth within a year. here we are three years in, four years in, growing 1 to 1.5%. the reason the stock market is up doesn t have anything to do with obama, has to do with the fact the fed is pumping in a trillion dollars a year, it prints. money has to go somewhere. that s the explanation for all that.
than in new england, i wasn t ready for. it was the beginning of my work that produce haded the great the idea that u.s. doesn t have the best rule of law is a expensive complex system which is quite opaque and full of risks for any entrepreneur. it has more cplex regulation for a small business than most european countries, oddly enough, and indeed one of the things that most amazes me which i look at the register of regulations, regulations that pour out 3,000 or 4,000 a year from 63 different federal agencies, we ve created a jungle of red tape in the united states. there has not been a president with one exception who has not presided over rapid growth in regulatory complexity since world war ii and that one exception, you guessed it, was ronald reagan. under reagan, the federal register shrank in size by 30%. he had 30% fewer pages at the
like as much as the other parts. he obviously likes giving speeches more than he does running the executive branch. therefore he has to find a way to run the executive branch so he can give the best speeches. that means having a really good deputy system where he has people that he trusts and gives them the power to make sure what he wants done is done. there are solutions. we ve seen them with reagan who was the most hands off guy in the world. ended up having he knew his weaknesses. he said i need a guy like jim baker in here. nancy reagan said that. you can fix these things. there is some desire to fix things. there was a lot of drum beating around the fact the president had to engage with members of congress more. we ve seen a concerted effort to have dinner with republicans, congressional democrats and the like. that s his olive branch to the hill. he has to obviously move in a much, much faster timetable here and get out in front of this issue now. i mean, this is to think
down. i just spent the whole afternoon listening to eric holder saying, oh, i don t know. i was recused. it was my deputy. what can i tell you? you know what? he recused himself from this particular case involving leak. he didn t recuse himself from being a defender of the constitution and the first amendment. it just seems like everybody s free to say and do whatever they want. they re not afraid of repercussions from this coming from the top. you know, if you think about running a little business, a bakery, someone s stealing the doughnuts or something, alex, something simple, any met tapho you want. there s usually a boss who owns the place and then there s someone running it. i don t understand the model of this administration. weak chiefs of staff afraid of other people in the white house. some undisclosed role for valerie jarrett. unclear. a lot of floating power in the white house. but no clear line of authority. i ve talked to people who ve been chief of staff. they were neve
tried to take a backseat in the progress. an hour ago he met with senator mccain to talk about immigration reform. he has landmark pieces of legislation i think he would like to get through. i think his own personal distaste for washington and his sense that the media, the right, the sort soft chof chartering cs been unfair about his record and accomplishments sort of makes him want to flip the off switch sometimes. i ve done so much for this country. why do i need to get involved in the mud pit. let me tell you something. the press has generally been pro-obama. that s a fact. i m analyzing what i think may be happening at 1600 pennsylvania avenue. alex, they over there are very uninformed about the history of presidencies. this guy has probably gotten the best press since reagan. dana, don t you think? you don t have to watch fox if you don t want to. it s there. if you don t watch fox, don t watch limbaugh, there s a lot of