tv Piers Morgan Tonight CNN September 17, 2012 12:00am-1:00am PDT
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are written in the blood of past disasters. and the "costa concordia" has thrown up so many questions about safety at sea, questions that remain unanswered. i'm tony robbins sitting in for piers morgan. >> i have to try to win. >> steve wynn. >> building something that make people go wild you struck me about the coolest thing in the world to do. >> t. boone pickens built his own oil company and did better after he left it. three of america's biggest success stories on keeping america great.
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>> i would get out of the middle east is what i would do. >> because what they say could help everyone. >> the most patriotic thing could you do as an american is get filthy stinking rich and pay lots in taxes so we can do all these things we talked b. >> this is piers morgan tonight. i'm tony robins in for piers morgan. tonight i will be with three men who can come up with solutions to help america growing again, certainly done that in huge business. begin with mark kuhn, owner of the dallas mavericks started business at the age of 12 started selling garbage sacks because his dad wouldn't give him a pair of sneakers. he founded a company called broadcast.com, after five years, he sold for 5.9 billion to yahoo! and turned around and paid $289 for the dallas mavericks and turned a losing team into the 2011 nba champs. not bad. mark cuban joins me now. hey, mark. >> good to see you. >> i see you noticed the ring. >> tt is a beautiful ring.
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>> coach carlyle gave me that because i helped him work with your team that year. >> i get chill he was time i see t. >> so big you can't wear the darn thing. >> i can't wear it at all. >> tell me something, a lot of different ways, wanted to meet you for a long time, passion i don't know if i'm wired that way. to me, business is a sport. i have always got to be
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competing, i have got to always try to win. i wasn't good at athletics but when i got into business i realized i wasn't competing against an opponent for 48 minutes in game or 60 minutes but everybody whoever might compete at you. >> the whole world. >> the who world, right? always some 18-year-old kid trying to come in and kick your butt do me, keeps me young, keeps me motivated, keeps me hungry, i never want to get kicked off that perch. >> do you agree that hunger is the most important element? i see people smart, educated, not hungry, they don't maximize their abilities. >> is effort. hunger creates effort, absolutely, it is about hunger. people talk about their dreams. the biggest lie in all of business or all matters is follow your dreams. think about it, we all have dreams. i started off wanting to be a baseball player. then dreamed of this, dreamed of that, right? you should go where your effort takes you. found myself being involved with business.
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it was really my effort that drove me. so i tell people, don't follow your dreams, follow your effort where are you following put in the time? where are you hungry enough to put in the time? that's where you will get results. >> what about timing? so often in life, you see really good people who fail and i find it is not because they didn't try, didn't have the effort they did the right thing at the wrong time. >> no question. >> you look around, see people buying a house, right thing to do, roughly, 2007, wrong time. >> i bought houses at the worst time. you are right. timing is relative to skill scale. when i started my first business i had just gotten fired from a job and i didn't have a choice and i went the next seven years without a vacation sold the company force 6 million. i was 29 and retired a lifetime pass on american airlines. >> just go party? >> like a mad man. >> that wouldn't be difficult.
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>> not at all. i went nuts. i wasn't in a position to buy a sports team, i wasn't in a position to change the world but i was comfortable if i was willing to live like a student, i was set for life. my next business came allowing, started the business of streaming, 1995, when internet stocks started going nuts, no question that had my next business not happened when the whole internet bubble had come along, i wouldn't be worth billions of dollars. >> last we sold was 25 million. >> break even. >> revenue? >> it wasn't 5.9 in cash. >> i want to get to that. >> i was stupid also. >> but i'm just saying, you have seen -- can you make your own luck, putting yourself in the right position?
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i think people see themselves as the season hit mess rather than saying i got to look at what season we are in and take advantage of winter? have you done that throughout your life? >> with seams ability, business ability and technical ability, i can walk in and say what can i do to change? whether creating the first high definition television, hd net 2001. in 2006, we sat down, a company, mag nola pictures, distribution company, said, look this model is not working, spent spending all that money to promote a movie and praying that people show is up a bad mold, i looked at the technology of television and said that video on demand on tv is going to explode and so we said, let's take the movies we are distributing and put them on vod where people can make an
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impulse buy with their remote control and buy the movies first, then because we own landmark theaters, then put them in theater, we went from a company losing money to a company that never lost money on a movie, rarely lost, always made money as a company, now people try to copy us. that is what i look for. >> amazing you find the competitive edge. one thing you have done with the mavericks, took the team, in playoffs in 20 years. >> vote ready the worst professional sports franchise for the '90s, the decade before i bought them h. >> six years later, i was there in dallas, my buddy pat riley there was, rooted against you. >> a happy guy than i was then. >> 2011, you become champions that doesn't just happen, you brought innovative leaderships into the group. i think you and i agree that leadership is the cutting edge b to decide who is our leader is going to be the next four years. look under a john wooden, you and i both know, different players, won 10-12 championship, seven in a row. how valuable is the coach, the leader and what is the most
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important gates at a leader today? how do you know if they got the right stuff and know if you let them go at a tough time or stay with them? >> always tough with coaches. a eye coaches are hired to be fired. one of rick's strengths, particularly in sports leadership, you have to know what you're good at and what you're not good at. one of rick's incredible strengths, i doesn't try to till or mislead you or sell you on what he is not. here's what i'm great at what i'm not so good. if you can provide me advantage, i will take advantage of t that is my leadership role, put everybody in a position to succeed, get a few more these. >> guys in the dive jordan, they never lost the edge. how do you get it? >> once you taste it, you got go back for more.
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that great tasting champagne or a steak. no one ever just has one stake. you got want to get more. >> the reason i wanted you on the show. you have been democratic and republican, ring up both sides, recently, talking on the blog about the republicans saying we are not better off than four years ago. address that are we better off you can the same, where are we? >> depend on your own personal circumstances. here we are in september 2008, four or five are the biggest one-day drops in the dow. you are watching the stock market go up and down. >> trillions. >> it wills of dollars. people have no certainty whatsoever. the same time, sitting there talking about being in the -- in the throes of the great recession. we didn't know if we were leading towards a depression. didn't know what was going to happen with banks, certainly didn't know what was going on at the white house.
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today, worried about the fiscal cliff. back then, we had no certainty on our whole financial system. the fact that we got through that uncertainty speaks volumes that we are far better off today than we were back then. >> when we come back, i'd like to ask but president obama and i would like to ask you about mitt romney and get a clearer idea of where you think this country needs to go, what does the leadership need to provide, whoever we pick, to prosper going forward. >> great. hey, i love your cereal there -- it's got that sweet honey taste. but no way it's 80 calories, right? no way, right? lady, i just drive the truck. right, there's no way right, right? have a nice day. [ male announcer ] 80 delicious calories. fiber one.
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the celebration will begin. the dallas mavericks nba champions, the first title in franchise history. >> come here. come here. come here. >> tell me something, i can see the look in your eyes. >> emotional. >> telling me during the break what did you say about the ring? >> i can't have it out when i see it i get fired up and so crazy, like let's go and i have to go -- no i got to go play with my kids and got to chill, i have to keep it where i can't see t. >> what did it mean to you to create that after a little less than ten years? >> hard to describe, happy for dirk, our players, our fans and almost more of a relief than anything else. you saw on the video that you just see me screaming, 67 days,
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the whole playoffs, don't think about it don't jinx this, don't jinx this. you see it here, screaming and letting it all out. >> expressing true emotions, don't you? >> yeah. take after my dad. >> kids take friends to move the vicious watch my dad watch this movie. that's why i wanted to meet you. talk about leadership once again. talk about the president and mitt romney. tell me, first of all, rather than the people what are the qualities we need in a leader today dealing with the level of volatility in market, today, challenges in europe, asia, potentially china slowing down what do we need in a great leader and give me your report card for president obama,, i know you are a big supporter of his what happened would your report be for what you think mitt romney could do? >> i'm not a big supporter for
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everybody, i try to be objective and make a common sense decision based on the information in front of me. but in terms of leadership, first, i don't think the president has as much influence, particularly on the economy. global affairs, absolutely right but on the economy -- >> i agree with you. >> nearly as much as people seem to think. to say whether it was president bush before him or president obama now, only to do a, b or c -- >> even president clinton, a dear friend. a lot of it is outside. >> the internet hadn't happened for president clinton, he doesn't have a surplus. i don't think you can put as much credit or blame or any presidential candidate. so, that's part of it. the thing that changed, ncerned on both side, leadership has become in terms of managing your party, you're not voting for an individual anymore, not even voting for a ticket, you are voting for party, tea party and the inn flew wednesday, the same on both sides, so much money involved right now that you can't just say, okay, president obama, this is what i like or don't like, governor romney, what i like or don't like. >> how would you rate the parties? >> both scare the hell out of me. they really, really do. i think a lot of it comes down to the devil i know is better than the devil i don't know.
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when you look and try to go through the decision process and i will leave it wide open until the debate, right, i will have an open mind until we go through the debates, both in business scenarios someone comes in and looking to hire them okay what are you going to do to increase profits of this country? i'm going to increase season, not enough detail, i'm going to cut costs, that is not enough detail. that is what wither' hearing from the republicans and governor romney. you go to the give me detail. talked about being a business person. would not hire anybody came in auditioning for a job the way he is auditioning for a job. the other hand, you luke at obama and you say, well what have you done, are you better off? voting as individuals that is important. at the same time, i don't know he could have done a whole lot any different or republicans would have done it different. now if we go forward, again, i know obama, have him in a sense talks, a voter, i have a sense what he is going to do any ongoing business, not going to
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make somebody i don't really know who is not really being forthcoming not giving me details, not going to hire him as a ceo of one of my companies. business isn't perfect. >> you want the certainty. >> there's more -- if governor romney comes n. >> more than happy to pay more tax. >> i am, too. sought president myself, spent a half hour with him three or four weeks ago. asked yet, how will things be different four years from now, such demonization on both sides, i'm curious as a businessman, both sides so locked up, they can't pass anything, not willing to pass anything, what will change? you like that? >> something to be said for that, right? i would like to see the definite reduced, all the things people
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are talking b what it comes down to is individual responsibilities. people talk about taking the government out. >> no realistic. >> in a situation third and 50 to go i don't care if you are a running team, tough pass the ball. where we are right now, i want to know what's going to happen from the republicans before i would consider. yet with what obama has doing i have enough certainty i feel comfortable what is going on. i can run my business. >> what you're saying is ceos and those successful have to take responsibility of coming up with a plan. >> you can't take the government out and push it off. now what? my employees are shareholders of this entire country. i need to step up and hire people and do things for this country.
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otherwise, i can't ask the government to do less. i'm not taking any of the responsibility away. >> you are willing to do that. >> why don't you run? you have done every damn thing else. >> that is the problem. >> stick around. i want you to join our dream team together at the end here. if i was going to economic war, i would want these three men to be my compadres to make it happen. coming up, the king of las vegas, steve wynn, the man who started with literally less than nothing, 300,000 of his father's debts and took las vegas and reshaped it to the entertainment capital of the world. how did he do it? how do you turn dreams into reality? steve wynn is next. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources
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some people don't know this, you were an english major, started comparative religion. going to be a lawyer. how do you go from that to running a bingo parlor, $300,000 in debts and turning around an entire city. you take your vision and made it real. >> you mentioned i was going to be lawyer. the last minute, i turned away from a life of crime. how do you get from there to there?
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my dad taught me you want to stick to simple ideas. the idea of building something that make people go wild struck me about the coolest thing in the world to do not saving lives or doing something noteworthy it kept me a happy person. >> a lot of people, too. i have to build another hotel, next time i could t it right. along the way, created 150, 250,000 jobs. the most satisfaction i have gotten, family, staffs of the hotels here and abroad and their family this familial organization. i live in the hotel t is a great life. >> i talk to them and go to your hotels.
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listen to what they say outside. i know you start every meeting with your company some people sharing -- [ inaudible ] >> the notion that a single person acting alone without anybody watching can change the course of an enterprise, probably true as much for a company as a country. we have storytelling, anybody have a story about yesterday and anything good that happens? if it's great we post it on the in hon house internet and make signs at a print shop downstairs and put up big posters on the wall with a story and picture of the kid who did it and they become famous, that this to say something that they did increases their self-esteem. anything that if it happens in
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conjunction with the workplace, it is terrific all the way around a. a kid once, a couple from california upstairs their room to check in, older couple, up to the room, do you have your baggage, did you check your baggage, the lady let out a screech, oh, says her husband, i left our case with our prescriptions at the insulin at the house, 4:00, what do we have do? the bellman said where do you live? pacific palisades? i have a brother at encino, you have someone at your house? we have a housekeeper. call the housekeeper and tell theme my brother is coming over she called the housekeeper, if i may be torquing the story, i
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hope i'm remembering correctly, in affect said someone is going to pick up the medicine. i promise you when you wake up tomorrow morning it will be here. kid went downstairs, got in his car, drove from las vegas to california his brother's house, picked up the case with the medication, got back at 4 in the morning, had it delivered to the room. at that point, these people will never stop talking about that human intervention by one of our employees. that happens 1,000 times a month. >> and in an economy like this, that kind of raving fan client, they come back again and again. tell me something there, lot of people -- there's a lot in politics today about success and wealth and almost a negative association, often people that have built things and not always. there's a mixture. you studied comparative religion, donate 120% of your salary, plus bow us ins, well aware each year, healthy numbers, you have always been a giver s there a conflict between spirituality and economic success?
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>> i remember -- i think the answer to that is no. i remember studying buddhism at the university of pennsylvania. that teaches you it is about somebody else. my success as ceo is my ability to make senior management people recognize their success is how well they motivate the staff. the staff learn the only real success is defined to the extent which they make guests have a wonderful experience in our buildings that is to say it is always about someone else. >> yes. >> that kind of thing is consistent with the studies of things like buddhism or any other religion for that matter. we are very oriented toward individuals in my company. >> yes. >> i think that is pretty much my approach to life. >> know you disagree with things said about mark being better now than four years ago. >> i do. >> i want you to shire your solutions for things like health care and i want to hear why you went from voting for president obama before to now voting for
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i think the future of las vegas depends on the kind of political leadership we get in our state and our country. after all, las vegas is great national crossroads, a great international crossroads, to the extent that america is healthy and well led, then las vegas will be a great reflection of that prosperity. >> so i know you feel very differently about our economy, tell me, are we better off than four years ago and if you obviously feel differently, why? what do we need to do to move america forward and start growing again? >> it was fun to meet mark cuban and be here with his, i was listening carefully when you were talking to him. unfortunately, i disagree with him rather starkly. four years ago, mark mentioned that we were in the throes of an earthquake. everything was shaking because there was a fault beneath us. the fault had to do with home
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lending, irresponsible home lending, and a bunch of other reasons that we have discussed and don't need to repeat at this moment. today, the shaking stopped but the fault is orders of magnitude bigger. there's no metric, no measurement of the health of the american economy that isn't worse today than it was before. and anybody with any fundamental understanding of recognize we are in worse shape at 16 trillion in debt and climbing. right now the government borough, as everybody knows, 40 cents on every dollar but paying no interest for t we are artificially repression the cost of interest and keeping it at $400 billion balance year. remember, the government takes in $2.4 billion a year, we are paying no interest.
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if we stop artificially keeping interest rates down. >> they want a better return. >> why the fed steps in, create money and pretends that it's outside money borough the treasury money. they have a fancy name for it quantitative easement. bernie madoff went to jail for t you can't borrow money. >> it's true. >> the results of all this is that the dollar is plummeting. my employees, let's get to what matters me. >> yes. >> my employees are being paid an 80 and 75 cent dollars d going south. even if i bring in money from macao and keep up raises, i can't keep up with the destruction of the living standard of the working people in my world. >> so, tell me, what do we do? a big supporter of president obama, gave money to the democrats. you switched. do you believe mitt romney can create 12 million jobs? >> mitt romney doesn't create 12
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million jobs. >> yes. >> we know from the study of history that the only thing that creates a better life is the demand for labor it has created in the private sector f the government is going to hire everybody it is called communism. put everybody in the army, postal department, agricultural department. preposterous and ridiculous you can the government makes a lousy deem on labor contracts. >> you told me privaly, there's money sitting on the side, guys like you. >> 2 or 3 interest. >> 2 or 3 trillion. why is it on the snide what is going to get back in the game? >> what president obama can do, what we've got in the white house today is a first rate campaigner around a great speechmaker and he is charming. >> ouch. >> a nice man. he is a nice man. but this world, it's what you do not what you say. we have become so fascinated with style and glitz, sometimes, and a hell of a thing coming from a guy like me, but give to the got to stay, is what you do, not what you say. >> true.
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>> we have got guy running for office, mitt romney who is not as good a campaigner as the president but would be a first rate president. the president is a first rate campaigner. >> i know you are worried about your employees, why do you think the health care program is so poor? >> any bill that is 2700 pages a citizen, looking at this television program, i'm going to make an intemperate statement f a piece of legislation is 2700 pages, the public is getting screwed. nothing is that 2700 pages. >> no one can read t. >> outrageous example of bad government. if we take a break -- >> the prices are increasing for employees? >> tony, when they take a break at cnn, most likely, you will see an argument between pro-guess sive, allstate and geico how to get cheaper auto insurance or argument between vonage, at&t and verizon on
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cheap her cell phone service. >> yes. >> you will never see an ad how to get cheaper health care insurance because that's locked into little monopolies state by state. one of the things we got do is get health care, national -- borders taken away so we can have ads on television for private insurance that will cause the price to go down just like it does with auto insurance, like it does for your cell phone. >> did you this with your own company, did you not? >> absolutely. >> tell me example, cut $1,000 from mri down to, what? >> i got with my union, the culinary union with bessie, with mitzi, with mitzi, the head of the wife of the culinary union. took the cost of mris and cat scans down to 300 and 250 by ganging up and using market forces. >> yes. >> now, ryan's idea that was anybody less than 55 would have -- 55 and over, get
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medicare as it is. if you're other than that if you're younger than 55, you can have medicare just 2008 -- just the way it is. if you make less than 250 -- the president likes it think everybody making 250 or more is a billionaire or millionaire, i will say one thing. as person that makes more than 250, i would be very happy not to have the government support my health care. i can afford my own insurance and so can everybody else that makes a lot of money. health care is for people who have no money, medicaid. we have always had it. for people who make more than nothing but less than enough to buy their insurance competitively, they ought to keep medicare just the way it is. i think that's exactly what the republicans are suggesting. >> we are going to come back, bring you back with our dream team here, economic dream team. but our next person is t. boone pickens, the billionaire started
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t. boone pickens turned a $2500 investment into one of america's largest independently owned oil companies, called mesa petroleum. thent the age of 68, he supposedly retired only to begin again at 70 a whole new career in capital management. man's amazing. if you don't know about him, you should. he has been around forever, how to succeed. first of all, boone, i want to thank you for coming. >> you bet p. >> you are a guy that doesn't know anything about retirement, a guy that adds value constantly, talking about taxes here, paid how much in taxes the last 14 years since you were 70? you are 84 now, right? how much? >> 665 million. >> given away $1 billion in philanthropy. >> a little over 1 billion. >> people in their 50s are thinking i'm getting old. what do you say to those people -- how do we have those myths? you are the greatest person
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could i put out there to dispel people. >> i still have a lot of things to do i'm running out of time. put in a fitness center in 1969, won the company most physically fit in america, it was a contest at the houstonian. >> you cut your health care costs in half at that time. model for it. very few people followed it. >> any time i had 25 new employees, i would have a one-hour orientation. when i finished, i would say we have a fitness center here and like to have a show of hands of those that he will participate in the fitness program.
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well, here i am, thes would, got them cornered, they all have to raise their hand. i said fine, down the have to check in the fitness center, i have the list, all will participate, sign my name, give to fitness and he will be by to see nut next two days. >> nothing like leverage. >> you have a plan that will save this county, provide 650,000 jobs, no one argues with that, provides savings of $100 billion, reduce the needs of opec oil by 75%. sounds like a plan too good to be true. what's the plan? >> the -- i started this four years ago. i spent a lot of money promoting the plan. i feel like i have been successful. we have had one vote in the senate and -- >> 51 votes, didn't you? >> that's right. why didn't it get passed? >> well, this was an amendment to the transportation bill. >> yes.
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>> and so it had to be voted on pie the senate as to whether 18-wheelers on natural gas was germane to the transportation bill. you're following this? >> i'm no they had to get 60 votes in >> they voted to nongermane. i got 51 that will win the big 12, but not in washington when it's not germane to the bit. >> nine votes short this time. i know you don't ever give up. let's be clear. what you are saying we have 15% imported oil that comes, utilizing for big trucks. we can do solar, proven that for cars but 18 wheelers, can't do it, need a transition fuel. >> you can't use some lar for cars. >> that's what i'm pointing out. so, really, we have more natural gas now than saudi arabia? >> oh, we have -- >> oil? >> more natural gas than any country in the world. and so you -- if you take it to what we call barrels of oil
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equivalent, we actually is three times as much oil, not oil, but barrels of oil equivalent natural gas than the saudis v here we are with it. we have more natural gas than saudi arabia? >> more national gas than any country in the world, and so we actually have three times as much oil, not oil, but barrels of oil equivalent, national gas than the saudis have. our -- we have more energy, the cheapest energy in the world, and we have more energy than anybody else has in the world. >> but we're not -- in other words, you are saying to us, if we took the 18 wheelers and in five years convert it to natural
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gas, it saves money and we can reduce by 75% -- >> sure, the 2.4 million barrels, we have the fifth fleet over there and four carriers, two directly in the persian gulf, and two outside, and all of that is going on, and at the same time we are getting people killed every day. now we have this situation in libya and egypt. i would get out of the mideast is what i would do. >> we can do that in five years? >> we can get out of the middle east quicker than that? >> why doesn't obama say we will take all government vehicles -- >> just 200,000 vehicles. that would be leadership if he did that. get off of opec oil. but oil, what we purchase from the mideast, from saudi arabia
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in particular, some of that goes to the taliban and just get out of there and come home. they don't want us there. you are trying to change a culture that has been there for centuries, and if, you know, you want to change it to a democracy, if they came over here and imposed their culture on us, we would -- of course we would not even consider it. and that's their attitude there too. >> they are not going to change for their spouse. >> exactly. >> and we are going to the final segment and we will bring everybody back together here, and we will sit with the economic team, and when we come back, what do you think is the greatest thing as a country, and what do we look forward to, and we want to do that when we come back. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true.
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if you could do one thing, and you are president of the united states and you can do one thing to help the economy and the culture. boone, i will start with you. >> get on your own resources. we have the cheapest oil and gas in the world. and we have the resource in america. just get on your own resource. the countries that are successful around the world, are those that are on -- there's no country in the world that is on the resources at is struggling. we have the resources. washington does not understand. >> i would say recognize the intellectual capital -- we are innovating more rapidly than any other country, and the challenge is, all those people who are not selling their intellectual capital, and using hands and time to make a living, and we have to retrain them. >> so we went from low knowledge
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and low skill and low cognitive decision making culture to where it's high-tech. >> software is taking over everything. >> if you don't get that, you don't win. >> you need to be retrained and we need to get kids in schools to the point where they can participate in that environment. >> we are training kids for jobs of what used to be instead of the future. they struggle because they don't have the tools. >> that's not going to change. >> if you were president, what would you do, steve? >> the one thing i could do to make america the better place, somehow have a notion of humility take over in washington with regard to what the government is capable of doing successfully. >> as opposed to private enterprise. >> he had an energy program, and use it. have a government that rewards
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by not collecting taxes people that successfully retrain americans, and that is to say turn the aten sthoupb rewarding citizens who do what we want by not collecting taxes from them and those people will start to retrain people and people will start to find new sources of energy. and that would require a change of attitude in washington that i would call introducing humility. >> give me one sentence. what is america's greatest strength going forward? >> our people. >> let me add one thing. >> oh, no. >> if we get on our own resources, we can get out of th mideast. we depend on that oil over there for years, and we don't need it. get the hell out of there and our people will quit getting killed. >> what is the greatest strength? >> greed, a sense to do better in life, to have a better life. >> the most patriotic thing you
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