the answer -- not very damn many. >> president george h. w. bushad sky-high approval ratings gurg the gulf war. but the economy made those numbers plummet. bush's son thought he would have a better chance against bill clinton if his dad changed the bottom of the ticket. >> you suggested to your dad that he replace dan quayle with cheney. >> i thought he needed to make a big change in order to change the dynamics of what look like a very difficult campaign. so one suggestion was thinking about dick cheney and dad dismissed it out of hand. >> thank you very much. >> george h. w. bush lost to bill clinon. for the third time in cheney's career, his boss was forced from office. what next? well, cheney was starting to see himself as presidential timber. that story when we come back. it was created with the power of verizon 4g lte. introducing the lightning-fast, 10-inch samsung galaxy tab. stay up to date, entertain yourself, and enrich your knowledge like you've never imagined. only at verizon. built so you can rule the air. [ male announcer ] this is w

then you have george h. w. bush who as you just said a moment ago in effect over played by sending 500,000 troops into iraq and kuwait. same viet nam, theoretically the same lesson is to be drawn and yet here are two presidents drawing down. >> the same lesson to be drawn, but these are different people functioning in different political climates and environments and the same issues in different ways. the idea that a republican would see it one way and a democrat another way in sort of adc. what i find especially interesting is that as the years go by, you would think well, this war ended in 1975. why is it bugging me today, but it is. how you respond to the book is an individual thing depending on the politics of the moment, the challenge that you face. somebody may feel you've got to go in and send many more troops that you need or with obama and libya this would be done in a couple of days, don't worry about it. you go and read the direction but you go there for the pressure the memory of the vietnam has produced

i'm max kaiser let's go to tennessee and talk with catherine austin fitts who served in the george h. w. bush administration katherine is also a former banker and is now an investment advisor and blogger at solari dot com catherine fitts welcome back to the kaiser report it's great to be back all right catherine also fits first matt taibbi in the latest rolling stone asks is the f.c.c. covering up wall street crimes your thoughts. yes because actually no make model is a criminal mind oh so of course they're covering of crimes they have to ok so you say the economic model is a criminal model explore that a little bit in other words the banking system itself is basically a glorified ponzi scheme correct well we have an economy that's dependent on war and organized crime and and you know part of the profits that organized crime is part of with keeping the whole economy going it's not just the banking system it's every community in america so let me give it this way if the united nations says we're competing for four hundred billion dollars a year global money laundering then then this financial

george w. bush. guest: that is the sales pitch that the mid romney campaign is getting. they don't want to go back to texas although we have had -- if you can't george hw. bush, there have been three -- lyndon johnson and the two bushes from texas and that does not seem to bother them to elect a second bush after the first bush got rejected for a second term. i'm not sure that will play very well. there is a real hunger among conservatives for someone with executive experience and credibility who has a record. i have seen a lot of politicians. my first political story in 1968 -- rick perry knows how to work the crowd. he has an attractive family but he came up and was standing next to me before he bounced onto the stage and he looked at me and said," this will be a fun ride." he was like a racehorse getting into the gate. politicians say the best day of any campaign is the day you announce. from then on, it is downhill. i'm sure there'll be a lot of attacks and so on. rick perry likes retail politics and has been successful in texas. i don't know. i think it really shakes it up because it gives the conservative group a sort of a champion who has some

department of education under president george h. w. bush and i announced a statement is at colleges and universities should discontinue assigning seats in their classrooms and providing financial aid dollars for their students based upon one's bloodline. "the new york times," "the washington post," the "dallas morning news," "the boston herald," other major newspapers across the south said it was in a frontal assault on race-based race-based -- wide-awake silly that story? i tell you the stories for a reason. we are insignificant times at the moment. you are getting ready to hire some folks. i think you have told me what that job description is. i have to think that the courage that was shown by that 33-year-old kid still resting this 50-year-old man as he stands here -- [applause] i have to think that the fidelity to the notion of individual liberty, the prospect of giving to all american youngsters the opportunity to sit in those seats, the responsibility we have to educate them all and get them all excited and willing and prepared to be

certain the phone banks only called people for both men in order to get them out to vote an 1998, george h. w. bush1 only cut two tv ads, for candidates in the entire country. for his son, jeb bush in texas and the closing ad endorsing very strongly, rick perry for lieutenant governor. and, so, look, this... i know from the perspective of the former president, that he has a cordial, personal, strong friendship of nearly two decade with the governor. i think that that is true for the governor, too, but why he falls into the pattern of sounding like he's being dismissive of the former president is not smart politics, strategically or tactically. martha: it sounds like he feels he has been ungrateful to the bushes? >> it sound like that and, yet, you know, look, it is -- bush moved heaven and earth, and likes rick perry and why, again, i chalk it up to, he's on the stage for the first time and is trying to find his way. look, i don't care who you are, i don't care if you have run as bush had run for governor of texas two times an perry has been governor ten years, a big state, 5% of the country in tex

the ronald reagan buildup in the 80's so the planners first in the bush 41 administration of george h. w. bush administration and in the clinton administration cut the procurement budget by more than half. it is disproportionately targeted for reductions in that period of time. i think it is the right strategic call. some people argue it went too far but and he said it is not an option available today because we have never managed to repeat anything like the 1980's reagan buildup. we do not have military equipment that is particularly young, dependable, reliable today. at best we've been treading water the last few years, at worst we continue to exacerbate the problem because of the intensity and the pace of activity overseas so you have to bear these in mind and the procurement issue explains another 50 billion-dollar increase at least in the 300 billion-dollar gross. so when all was said and done i don't want to see it get it passed the 400 billion to 700 billion increase you probably have 50 to 75 billion of the total amount that is really within reasonable realm of policies, discussion and

the ronald reagan buildup in the 80's so the planners first in the bush 41 administration of george h. w. bushadministration and in the clinton administration cut the procurement budget by more than half. it is disproportionately targeted for reductions in that period of time. i think it is the right strategic call. some people argue it went too far but and he said it is not an option available today because we have never managed to repeat anything like the 1980's reagan buildup. we do not have military equipment that is particularly young, dependable, reliable today. at best we've been treading water the last few years, at worst we continue to exacerbate the problem because of the intensity and the pace of activity overseas so you have to bear these in mind and the procurement issue explains another 50 billion-dollar increase at least in the 300 billion-dollar gross. so when all was said and done i don't want to see it get it passed the 400 billion to 700 billion increase you probably have 50 to 75 billion of the total amount that is really within reasonable realm of policies, discussion and

can the president's promises be used against him in the way we saw with george h. w bush.marshal and lars larson. leslie is also a fox news contributor. that's the question, president obama is on tape saying these things. he's going to cut the deficit, cut the debt in half, keep unemployment below 8%, that projection that his administration came out with especially if they passed a stimulus they promised we'd never be at the level we are at now. and austin goolsbee to his consider goes on hannity and says let me contex tell you about those things. can this be used against president obama much as the read my was used against h.w. bush. >> i would never run for president but if i did i would say this is the plan i v. then again there might be some acts of god, which tsunamis, earthquakes, hurricanes coming up the coast right now. i hope all of you will be safe at fox, there megyn, that the president didn't expect. during the burke administration as well as the obama administration when you have gas at $4 a gallon that is going to affect the economy negatively. when you have

george w. bush had three times as many vacation days at this point in his presidency, it was relatively calm economic times then and now, much more turbulent and, a better comparison might be george bush h. w as you know, paid a price in 1992, for his vacation time, in maine and so it is tricky, the optics of it but we have to point out he has had far less vacation time than some of the other presidents. gregg: ed henry on martha's vineyard. thanks so much. martha: look at this video. an 8-month-old baby in the stroller in the back of the pickup truck, one way to get from point a to point b and one simple question, what were they thinking? gregg: they weren't. martha: no, apparently not. gregg: and congress voted no and the white house is saying, yes, we can. does the new policy change on immigration provide back-door amnesty to illegals? a fair and balanced debate, straight ahead. martha: and one 15-year-old -- look, that is how big he is compared to what he hauled in there, folks, record-breaking catch, the summer of the shark! we'll be right back. medicare. it doesn't cover everything. and what it doesn't cover can cost you some money. that's why you should consider an aarp... medicare

it came into effect with president george h. w. bushhen we went into the persian gulf to leave it iraq from kuwait in 1990 and 1991. the powell doctrine was started by a man pal worked for under president reagan. -- powell worked for under president reagan. that was caspar weinberger. he went through the experience of vietnam and asked what we learned. he came up with three or four principles. if you want to go to war, have congressional support and public backing. if you want to go to work, go in with overwhelming force. do not mess around with small units. if you want to go to work, go to war on the timetable of your choosing. if you want to go to war, have a way of getting out and know how you are going to get out. powell took these ideas and played around with them for several years. he formulated them. he was surprised, he told us, that it turned into a doctrine that people talk about now. it encapsulates all the problems that go through the mind of a president when he that we'rehen he has to say going to war. that is the powell do

ronald reagan, george h. w. bush, bill clinton, all of them understood that you have to take a balanced approach to solving our deficit and debt problems. the same way a family would. if the eu had to cut down on your budget, you would not stop funding the college fund for your kids. you would not say, sorry, johnny, things are tight. -- keeping to keep bond on taking our annual vacation and i'm going to buy a new car, but you are not going to college. that is not how you balance your budget. the american people are expecting that same kind of common sense reflected. if it was there, i guarantee you confidence would go up. i speak to ceo of companies all across america. we are willing to do a little bit more when it comes to our personal taxes. they know they have done very well. the single most important thing we want is making sure that middle-class families and small businesses are successful because if they are successful, we will be successful. that is what we're waiting for. that can be achieved, but it is goin

george h. w.. >> he lost. >> but also one of the reasons that george h. bush lost and his approval rating to record lows was because he broke his pledge not to raise taxes and the economy started sliding. >> by the way, we have a difference in historic memory. he wasn't paying attention to the economy and he didn't focus on jobs and the american people thought to quote bill clinton it is the economy stupid. >>> and because i love you, i will put up a poll you might like. congress received the lowest aprouval rating ever. 10 percent approve of congress . 81 percent is disapproving. take the poll and run with it? >> this is what i said to monica. throw these bums out democrats and liberals. >> and the liberals. democrats and republicans i should say. >> yes, it is a disgust with what they call duopoly. they are not looking for a third way. but they are more independent . hope elfly. >> there could be a third party. >> i have argued it is not two parties it is one government party with a republican wing and democrat. >> coming up. big 20 12 news. fox news learnin

applause] four years later i was the assistant secretary at the utah department of education under george h. w. bush. i announced a policy statement that said colleges and universities should discontinue based upon of blood line. the new york times, the washington post, the dallas morning news, the boston herald, other major newspapers across the south said it was a frontal assault on race-based affirmative action. why do i tell you that story? i tell you that story for a reason. we are insignificant times of the moment. you are getting ready to hire folks. i think you have told me what that job description is. i have to think the courage shown by the 33-year-old kid still rest of this 58-year old man as he stands here. i have to think that the fidelity to the notion of individual liberty, the prospect of giving to all americans the opportunity to sit in those seats, opportunity to educate all and get them willing and prepared to be our next leaders, i have to believe the notion of individual liberty rests here as well. so my friend from texas, by friends from congressional district 25, and my frien

ronald reagan, george h. w. bushbill clinton, all of them understood that you have to take a balanced approach to solving our deficit and debt problems. the same way a family would. if you had to cut down on your budget, you would not stop funding the college fund for your kids. you would not say, sorry, johnny, things are tight. we're going to keep on taking our annual vacation and i'm going to buy a new car, but you are not going to college. that is not how you balance your budget. the american people are expecting that same kind of common sense reflected. if it was there, i guarantee you confidence would go up. i speak to ceos of companies all across america. we are willing to do a little bit more when it comes to our personal taxes. they know they have done very well. the single most important thing we want is making sure that middle-class families and small businesses are successful because if they are successful, we will be successful. that is what we're waiting for. that can be achieved, but it is going to req

the ronald reagan buildup in the 80's so the planners first in the bush 41 administration of george h. w. bush administration and in the clinton administration cut the procurement budget by more than half. it is disproportionately targeted for reductions in that period of time. i think it is the right strategic call. some people argue it went too far but and he said it is not an option available today because we have never managed to repeat anything like the 1980's reagan buildup. we do not have military equipment that is particularly young, dependable, reliable today. at best we've been treading water the last few years, at worst we continue to exacerbate the problem because of the intensity and the pace of activity overseas so you have to bear these in mind and the procurement issue explains another 50 billion-dollar increase at least in the 300 billion-dollar gross. so when all was said and done i don't want to see it get it passed the 400 billion to 700 billion increase you probably have 50 to 75 billion of the total amount that is really within reasonable realm of policies, discussion and

the reasons i say the polls are something you should hang your head on, george bush had a 70 percent approval -- not george w. george h. w. -- >> megyn: i was going to say he won the reelection! >> bush 41 had a 47 percent approval rating at this point in his presidency, ronald reagan went as low as 37 percent, so again, this was early in his first term and he had at this point in his presidency, 43 percent, so under 50 percent, you'd say he's a goner, but -- >> megyn: but the trends with the independents have been going in the wrong way, the day barack obama took office. >> independents may go either way by the time the election comes. >> here's the thing, trends are nice, polls are nice. let's look at what the american people are saying, whether it's from the tea party movement or across the board. they're looking at it and as independents, more critical voters, voters who analyze and tend to vote a little more to the right, this is the reality in politics. when it comes to their pocketbook, which is what they're looking at. they're looking at underemployment, they're looking at -- >> megyn: clearly they're not happ