Close. Republican charlie republicans seem to be coming home, so to speak . Larry two weeks ago it looks like hillary was going to run the table and then the fbi stuff came in and her husband. The whole investigation may be redone. This point, my best guess and you need other pollsters to do this. At the National Race looks very, very close. The question is on the battleground states. I think hillary has an advantage but that may be ephemeral as this week goes on. Trump is trying to broaden his wings. We will see. Charlie there is a notion, whether it has any impact at all , that there is more enthusiasm however you quantify this, or what the metric is, i dont know for the Trump Campaign. Larry youve got mo. Charlie as george bush would say. Larry i think it is for two reasons. One is the fbi explosion. Charlie it doesnt seem to have necessarily changed minds. Larry i dont know that. I see some of the overnights from the campaign. It seems like republicans are coming home, independents are crossing over. Trump intrending to the polls . These are polls you have seen from the Trump Campaign . Larry these are good pollsters doing private stuff who are friends of mine, so i take a look at it. He was narrowing before. He has gotten on message the last eight or nine or 10 days. Drain the swamp of corruption. He is talking about getting rid of obamacare, which is very unpopular. He is talking about Economic Growth and tax cuts. He is talking about judges. He is laying out his case in a much better fashion, much more concisely. He is usingt a teleprompter. I still believe that issues matter and i believe politicians who can get a good message out are going to be in pretty good shape. On the other side, because of the fbi explosion, their campaign is blaming comey, who is not on the ballot, the campaign is blaming putin who is not on the ballot. My friend James Carville is blaming the kgb. Yesterday, they hold out the former miss venezuela. They are really scrambling around for this. I dont know what they are going to do in the next week. I just think mr. Trump should stay on his message. Care, you need an outsider. The message or the candidate . I dont always agree with. R. Trump charlie economic speech in detroit. Larry and later, new york. We worked on that. Good taxt is a very cut plan. Donald has said things i cannot abide by. The muslim ban . Larry i wasnt crazy about that. I thought the women stuff was that good. Bush tapethis billy wasness was a long time ago not good and i said so at the time. Agree with him on many issues not so much on trade. We have to enforce trade deals. I am a free trader. Thank you for remembering. Far. Opinion, he goes too trade is a good thing. Charlie he is very much against nafta. Larry i think there are glitches in nafta. I think glitches can be fixed. Do i support tpp . Charlie you do. Larry i will if the fine print has changed. There are too Many International boards of decisionmakers that i dont like. I think trump has a point that when we make these deals, we have to make the American Economy work for us first and foremost. Charlie free trade has been a cornerstone of the republican philosophy. Larry it used to be a cornerstone of the democrat philosophy. When al gore and bill Clinton Charlie barack obama is for tpp. Larry ticky p is flawed but can be fixed. Is flawed but can be fixed. Reagan started with the canadian trade deal. Some people are hurt. Charlie he just season as a political larry i think he worries about american workers. That is what i think he does. It is a very good thing. I agree with him on that. On the other hand, i dont want to throw the baby out with the bathwater on trade. That is a bit of an issue. I dont think trade deficits destroy our economy because we have a deficit, but if i buy from you whatever it is you are , a tshirt or sneakers, that creates a deficit. You have my money. What are you going to do with that money . You are going to recycle that money, probably back into the u. S. Economy. Very bignflows are a part of trade. Charlie the classical understanding of the relationship between china and the United States is that china took our debt and use that and then we use the money to buy their products. Larry ok, we bought their that has been around for 20 yearsplus. They took the money and in large measure took our government bonds. And they are investing in the United States. I dont happen to be a big fan of china right now. I think they break agreements. I think they are hostile. I think they frankly often steal our property rights. I think they lie, cheat, and steal in a lot of areas. I think they are hacking odds. I think they have military ambitions. I am not their biggest fan, i just dont want to end trade. In a sense, their gdp. Not per capita, by the way. They will have the largest gdp. On a per capita basis, it is way lower. Charlie they have a bigger population. Larry we have technological advantages over china, military advantages over china. I dont want to and trade with china, but we may wish to trade deals with china. How well do you know donald trump . Intimate witht trump, i am known in 20 something years. I have had great interviews with him on tv, radio. Charlie and you advised him on economics . Question, i asked the do you have a proximity that allows you to make a judgment about him . Larry yes, and i intend to vote for him. Charlie beyond the message, what is it about him that appeals to you as a potential commander in chief and president . Larry i think he has great. Otential to be a strong leader i hoping we have seen that in recent years. Do i know the future . I do not. I think it is a good time to be an outsider. I think he has good points and i amkes them in ways that not him. I think breaking some bigs in washington. I think those were strong points, the nucleus of his campaign, and i hope he finishes on the Campaign Like he has been. I want. Eagan was new blood he brought young guys like me into the government. We had no experience in washington dc and a lot was changed. These things after the overtime. I think trump has the capability to bring change and be a strong leader in americas interest. Jfk and the reagan revolution, the idea that you iabout in this book assume some of the arguments he is making about how he wants to cut Corporate Income tax, how his economic tax proposals are different from hillary clinton. What does he believe about entitlements . And what does he believe about the National Government supporting science, supporting space exploration, supporting all the things that have enabled is . Ica to be the country it larry you are talking about a guy who is an entrepreneur. He understands change in the also understands growth. Reagan, growthd solves a lot of problems. It may not solve every problem, but if you are looking for resources, we need growth. Charlie that is the essential question about the American Economy. Larry we need to grow at 4 or 5 . Whens the last time we did . The 1980s and 1990s, then the 60s. Jfk was the first supplyside tax cutter. Lower marginal rates. You and i have talked about those for many years. He wanted full employment and growth and he got it. The the model went awry in 1970s. We started raising taxes, destroying the dollar. Reagan came back, partially sold by jack camp, the late jack camp. Why dont we just go back to the late jfk reductions that worked . We had the cap are off bill. Thean became a believer in incentive model. If you keep more of what you work, reagan realized he was making a fair about money in hollywood and paying a tax rate of 70 plus. Larry 91 . Charlie therefore, there is no incentive to work. When he left and went in with general electric, they had ways and means to avoid all those high taxes, and that was one of the problems. It is very interesting. It was his republican treasury kennedyy that convinced that we should not only lower the tax rates which were outrageous, but we need to get rid of the loopholes that the well to do could take to avoid paying taxes. New business startups could not avoid them. Rates myify the point in this book is a simple point. Charlie isnt that a democratic argument as well . Larry not recently. Charlie simpson bowles. The fundamental foundation of what they were arguing. Larry i will go back to the 1980s. Charlie but eliminate the loopholes. Larry i will go back earlier, 1986 was the quintessential reform bill. Reagan, bill bradley, did gephardt, many others. A bipartisan bill. Lower the rates, get rid of the loopholes. He emulated kennedy and it worked. Charlie obviously he didnt get rid of a lot of loopholes because donald trump takes great pride that he used the loopholes. Larry working on this thing, i was in one of the budget meetings and i said, we took about 10,000 pages out. We did take a lot of loopholes out. Unfortunately, they gradually make their way in. Charlie lobbying in washington who camped out at the house ways and means committee. Larry we have a pretty good reform are now in the ways and means, kevin brady. There is a movement to get back to this. Charlie paul ryan didnt support simpson bowles. Larry he had issues with simpson bowles. A kem reaganp died. Reagan guy. It was jfk who was the first most people know that reagan was a big tax cutter. What you didnt know was that jfk started it. There is a whole story of how that developed. Charlie what is the story . Larry you are going to like the book when you read it. It is an easy read. Republicans in his senior cap. Senior cabinet. Ceo of theo ford motor company. That is the point we have kind of lost. We dont do that anymore. Charlie no republicans from academia. Larry two businessmen and one from academia. Theres no reason why we couldnt do that again. Second point, kennedy took a risk. He said, if i dont get 5 growth, i am not going to be reelected in 1964. He started out with distinguished liberal academic economic advisers. Paul samuelson, walter heller. They said, in 1961, lets spend more. Lets do infrastructure. It didnt work. Kennedy is coming to the end of 61 and he is being criticized. Some people are thinking there is going to be another recession. There were three recessions in the eisenhower years. He took a risk and then he gave his famous speech at the new York Economics Club in 1962 where he lay the whole story out. Lower rates, better growth, full employment, high revenues. Charlie what do you think of secular stagnation . Larry i think it is a total fraud. Larry summers is a friend of mine and i have a lot of respect for larry summers. Charlie basically arguing there is a sort of builtin larry the American Economy has grown since world war ii by 3. 5 fullyear 3. 5 per year. For the entire 20th century, including the depression, the American Economy grew at 3. 5 per year. There is this categorical imperative that we have to grow it needs reform but fair enough. Charlie reform the fed or what . Larry i would reform the fed. A strong dollar, that is what i asked for in monetary policy. We havent in 20 years. It has been up, down, up, down. Charlie how is it today . Larry today, it is good. Charlie in the Obama Administration. Larry yes. There is not much left to go in terms of where you can stimulate Economic Growth. From monetary policy. You have to go to fiscal policy which is where you are. That is where the differences,. Your argument is that you have to reduce taxes. Larry reduce tax rates, rollback regulations. Unleash the energy industry. Meaning anything you do withrespect to energy respect to addressing Global Warming is that . Is bad . Larry we can do could the fuels that we can do clean fossil fuels. Charlie fuel efficiency standards. Larry it depends where it goes. We have had this technological revolution and energy, fracking. Predominately, is natural gas which is clean. That is where we should go. Charlie it has made us energy independent. Larry it has an unfortunately, mrs. Clinton wants to do away with it. She says by the time we do federal, state, and local regulations, there wont be any fracking. I think she is on the wrong track there. I would also go after health care. , think the obamacare system which will play out as singlepayer government run if mrs. Clinton wins, is wrong. Going up,ms a Services Going down, the young people dont want the mandate, the numbers dont work. There is a financial death spiral going on. It will require massive bailouts. This whole thing needs to be put in the context of more choice, fewer regulations, lower taxes. I am not breaking news here. All and saying is, reagan used kennedy. I want to make one more point. It is a point in the book. What we need here to a compass these goals we are going to a need we are going to need bipartisanship. Reagan made deals, kennedy made deals. Charlie could she make deals . Larry perhaps. She is in a tough spot right now but that is a different subject. Here johnmples f. Kennedy and Ronald Reagan were civil people. They did not insult, they did not call you names. When they made arguments, they tried to persuade and they reached across the aisle to get the job done. Kennedy had to fight democrats and republicans, reagan had to fight democrats. Charlie tip oneill and all of them. Opposed toill was the reagan tax cuts. Reagan, through persuasion and civility and respect, got about 75 democratic votes in the 81 two passes bill against the bill againstss his the wishes of speaker oneill. I am calling for civility in the national discussion. Charlie where you think you should go to make that call . Larry everywhere. Charlie i have the greatest believer in this. I disagree with you, i am not going to call you names. I am going to try to persuade you based on facts and history. Charlie based on facts and history, who has mounted the strongest onslaught against civility in this campaign . Based on facts and history. Larry they have both done a terrible job, charlie. I know you want me to say trump. What i believe is they have been charlie equally guilty in your own judgment . Larry mr. Trump has said things i cannot abide by. Mrs. Clinton has said things that cant be invited by. I dont want to have to pick and choose here. The discourse of this National Election has been awful. I think it is really a trend and i dont know how to stop it but i dont like this trend. I dont think it benefits this country at all. I think we need new leaders who understand i did a couple of report for years and every night on cnbc, i had my friends from the Democratic Party but we conducted medieval went into the Obama Administration we conducted discussions. I didnt insult them, they didnt insult me. We tried to use facts and arguments with respect. But we are not seeing it on a national level. Charlie there is a story today about the freedom caucus. John boehner said this in an interview john boehner would have been able to make a deal without restraints put on him by his own caucus. Remember john boehner is a friend of mine. Very good politician. Remember also charlie paul ryan will have the same challenge. In 2011, he had obama were very close to a deal. The president changed the revenue numbers at the last minute. Charlie that is exactly what john boehner said. The president differs. Larry a handshake should be a handshake. That is a bit missing from american politics today. What is the solution . People of good will who want to help the country just be civil and respectful and understand that you are not going to get 100 of what you want. This was reagans argument years and years ago. Say, half a loaf now, half a loaf later. If you and i agree 70 of the time and we disagree 20 or 30 of the time, we are friends and not enemies. That is what our Historical Research we, would go back into the discussions. I think they are too remarkable politicians and they did a lot of good for this country. Charlie thank you for coming. Jfk and the reagan revolution, secret history of american prosperity. Larry i am an optimist. Charlie back in a moment. Are you on medicare . Do you have the coverage you need . Open enrollment ends december 7th. So nows the time to get on a path that could be right for you. With plans including aarp medicarecomplete insured through unitedhealthcare. Call today or go online to enroll. These Medicare Advantage plans can combine your hospital and doctor coverage with Prescription Drug coverage, and extra benefits all in one complete plan for a low monthly premium, or in some areas no plan premium at all. Other benefits can include 0 copays for an annual physical and most immunizations, routine vision and hearing coverage, and youll pay the plans lowest prescription price, whether its your copay or the pharmacy price. Or pay zero dollars for a 90day supply of tier 1 and tier 2 drugs, with home delivery. Dont wait, call unitedhealthcare or go online to enroll in aarp medicarecomplete. Charlie the Netflix Original series the crown talks about Buckingham Palace and 10 downing street. It will begin with president elizabeth winning and carry into the present day. With a budget of over 100 million, it is netflixs most expensive show to date. Here is the trailer for the crown. It would help if we hear and now decide on your name. My name . Yes elizabeth, your regular name. The name that you will take as queen. This complicates matters. My name is elizabeth. And then longlived Queen Elizabeth. Dont you get sick of it all . And lonely . I do. That is why it is so important to have the right person by your side. These are notand titles. She is the job. Loving her, protecting her she is the essence of your duty. We have a new sovereign, young, and a woman. No sir, if you dont mind, the crown takes precedence. You dont think i would prefer to have grown up out of the spotlight . Out of this visibility . There is Winston Churchill and all that but you are the queen of england. This new elizabethan age comes at a time when mankind stands at the edge of catastrophe. Wife or my queen . A strawm