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Detailed text transcripts for TV channel - FOXNEWS - 20101125:22:05:00

invited dick cheney. knew art laffer. we were in the same class at yale before i was kicked out. the two came over and wanted to have a beer after work. we went to the two continent bar in the washington hotel across the street from the frasier building, in the early days of the ford administration. remember the silly win buttons? god, a 5% tax. i tried to explain they may get more revenue, but they will get less than 5%, because you ll get lost in the system. you might even lose money on what happened. [laughter] laffer whipped out a high quality napkin and laid it on the table and drew out the laffer curve, what he meant by it.

Dick cheneyArt lafferGeraldr fordContinent barWashington restaurantFrasier buildingWin buttonsDrew out the laffer curve

Detailed text transcripts for TV channel - FOXNEWS - 20101125:22:20:30

Detailed text transcripts for TV channel - FOXNEWS - 20101125:22:20:30
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Detailed text transcripts for TV channel - FOXNEWS - 20101125:22:04:00

who i recommended he pick? nelson rockefeller. because i knew naming rockefeller would revive the conservative movement as nothing else would. if we can t take it from rockefeller, we can t take it from anybody. i never heard that, but i think it s correct, machiavellian move on his part. the salesman of the supply side economicist was nixon and art laffer. one night in a washington restaurant, laffer who thought high taxes were ruining america, famously sketched what would become known as the laffer curve on a dinner napkin. i had dinner with donald rumsfeld once a week, maybe once every ten days. couple times we d invite guests with us. i invited lumanisky and he

Conservative movementNelson rockefellerRichard nixonLaffer curveDinner napkinSupply side economicistArt lafferLaffer whoWashington restaurantDonald rumsfeld