host: jim manley? guest: great question. the obama administration comment members of the house and senate, all agreed to cuts in the health-care program. though they will largely be taken from the provider side with no impact on seniors. it appears to be that republicans, again, whose entire goal is to try to make sure the rich were spare these cuts to try and focus most of the attention to catch on medicare, medicaid, and social security. democrats, so far, have resisted those cuts and i expect that to continue to be the case. host: we welcome our viewers oversees including on the bbc parliament channel which carries this every sunday. from london, go ahead. caller: hello there. how are you today? host: the afternoon to you. -- good afternoon. caller: i have a question relating to the u.s. debt and deficit, and this is coming from a european perspective, so please do not shoot me. in relation to basic commodities like gasoline, petrol, diesel, etc. the average price per gallon of the pompous about $3.70 in new york. in the

a discussion about the 2012 presidential campaign with john feehery and jim manley.tate syracuse child sex abuse allegations with carolyn atwell- davis. that is live at 7:00 a.m. eastern on c-span. >> president obama reps up his ninth trip to the asian-pacific region this weekend. he gave his address from indonesia where he joined leaders from u.s. companies and then mounting trade agreement he said will increase american exports and jobs. the president talks about the importance of the region to the u.s. economy and white america must invest in high-tech manufacturing. -- and white america must invest and high-tech manufacturing. the panel is negotiating a plan by next wednesday to reduce the nation's debt by at least 1.2 trillion dollars over the next decade. he talks about his party's commitment to cutting spending and changing the tax code. >> today in speaking to you from indonesia as i finish up my trip from the asian pacific. over the past week, the progress we made in opening markets and boosting exports here will help create more jobs and more growth in the

jim, have you ever smelled a bear? [laughter] >> i don't know how to top that. that was good. manleyjohnson, what would you say, just continuing in this vein, was the economic decision, the decision that affected the economy that has had the longest, that has lasted the longest, had the greatest impact over time during his administration's? >> i'm not sure there's one simple thing, but i will try to characterize. first you have my story monetary policy. i think, i think, you know, his firmness supporting a strong federal reserve policy restrained money to break the back of inflation has had a long lasting impact. we enjoyed the low inflation rates and low interest rates did it as a result. but i think one story, you know, alan greenspan said this to me one time. i was asking him, what do you think reagan's greatest impact was. and he said, you know, to mean it was when he confronted the air traffic controllers at the beginning of his administration. and he confronted this important public sector union and fired all of the air traffic controllers who were striking, and everyone though