coolidge avoided trouble by basically doing nothing. they said that if you went into the oval office and he did not move you could not tell him from the furniture. his nickname was silent cal. one time a woman was sitting next to him at a dinner party and she said she have a bet with a friend that she could g get him to say more than two words. he looked at her and said i shouldn't speak ill of the dead. he passed away last january. he decided that he would go to make some money for his family. they were from a well-off family but they did had five children and all of the boys were expected to go to harvard. he took a job as a junior partner in a law firm on wall street. are there any lawyers of the roomhe or anyone who is related to a lawyer just one. you look like a very nice young lady. i don't want you to take this personally. but i said to mister roosevelt when he asked me if i would be his private secretaryul i wasn't sure i wanted to work for a lawyer w that i thought law work was really dull. he said to meow missy. let me explai

coolidge won that election. then some more modern elections. his last election he drew on was the 1948 election. this was in the early process of the election. this is senator taft from ohio looking at the electoral college map, planning his schedule. if you are a president, you have to win the electoral college vote. he is deciding what his schedule would be. what states he needed to visit in order to win the election. unfortunately, he was not able to secure the nomination and it went to dewey who went on to become the republican nominee. this last cartoon on elections is probably our most famous and it has to do is the most famous election we have and that is the 1948 presidential election where you had harry truman running against thomas dewey. before the election, polls had forecast that thomas dewey was going to win. in the cartoon, we have him sidling up to truman saying what is the use of going through with this? you see the polls that he is going to carry virginia and he will get electoral college votes. what ends up happening is truma

crooked people working for him and he thought they were friends, he died conveniently and calvin coolidge who had been the governor of my state massachusetts took over and all the stuff came bubbling up and attorney general was indicted twice and interior secretary went to prison over scandal and coolidge avoided trouble by basically doing nothing. they said if you went to oval office and he did not move, you could not tell him from the furniture. [laughter] >> his mick name was silent cow, one time a woman was sitting next to him at dinner party and she said she had a bet to the friend that she could get him to say more than two words, he looked at those with eyes of his and said, you lose, i guess i shouldn't speak ill of the dead, he passed away last january, how they could tell i don't know, but mr. roosevelt knew it was going to be quite some time before the democrats had another shot at the white house, so he decided that he would go to make some money for his family. he and mrs. roosevelt were well off family but they did have five children and all the boys were expected to go to h

that coolidge could never have imagined nor spoken out loud.night, trump's notable silence on stormy daniels, who we just learned tonight a source close to the white house says he will maintain. also the trouble president trump seems to be having filling out his legal team or keeping it up to strength. and later, who is going to pay for the wall. the president promising mexico would. then he tried to get taxpayers t to. >> i still don't know that i understand why the president' response has been so different in this case. on object 13th, 2016, he said these claims were all fabricated. the next day, he

trish: i love that you quoted calvin coolidge. you know, there are a lot of people concerned about these tariffs. i know that you were a big believer in free trade. >> big believer in free trade. trish: fair trade too, right. >> fair trade, yes. trish: we're hearing from the likes of the koch brothers, we're hearing from lots of republican politicians. this is smoot-hawley all over again. we run the risk of sending our sevens into worldwide depression because of these tariffs? >> there has never been worldwide depress called by trade wars. trade wars are not good. we don't want to have trade wars. face the fact, total imports from china and of steel are very small. total exports of food are very large. they will not stop exporting our food. our food is top quality world. our food is good price in whole world market. everything we export is good thing for people importing it. there will not be a gigantic trade war. there could be skirmishing but not a gigantic trade war. trish: what about the little skirmishes, don't we win those,

, but that is exactly what coolidge meant. he did not mean the business of america is taking care of consumers. the business of america is making sure people have adequate income and wages. the business of america is business. in the 1920's, the department of commerce flourishes in helping american businesses find markets at home and abroad and become more efficient and adapt to scientific management and become more productive, the business of america was business, and so it did not concern -- government did not concern itself with purchasing power. americans did not engage in collective action. there were hardly any strikes. there were hardly any protest, and there weren't any communal efforts to make up for this difference between wages and wants. we just sort of muddled along through the 1920's. now the dormancy of pocketbook politics in the 1920's was due in part to the slow rate of inflation. you have a slow rate of inflation and people can't complain about rising prices. it was also due in part because consumer debt beca

>>> heel never be mistaken for silent cal coolidge except for when it comes to a subject that coolidge could never have imagined nor spoken out loud. on the table tonight, trump's notable silence on stormy daniels, who we just learned tonight a source close to the white house says he will maintain. also the trouble president trump seems to be having filling out his legal team or keeping it up to strength. and later, who is going to pay for the wall. the president promising mexico would. then he tried to get taxpayers to. >> i still don't know that i understand why the president' response has been so different in this case. on object 13th, 2016, he said these claims were all fabricated. the next day, he said, i have no idea who these women are. they're lying. mrs. trump said he will push back ten times as hard. no matter if you're a man or a woman, they're equal. is someone advising him to be silent? >> i don't think it's silent when the president has addressed this. we've addressed it extensively. there's nothing else to add. just because you guys continue to ask the same question over

has to say from lincoln to william mckinley to theodore roosevelt and from one harding to calvin coolidge the republican party erected the most awesome manufacturing machine the world has ever seen and continuously the us relied on tariffs to convert from an agricultural economy in one thousand nine hundred to the mightiest manufacturing power on earth by one thousand nine hundred. suppose what the president is going to be doing when it comes to global trade let me go to and first reflect upon those words because in the mainstream media it's all gloom and doom i think part of it is because of what it's this president is saying it because we had bush and obama looking at the increasing duties on a number of things and it would focus on quite a bit on china so maybe trump is amplifying it but i think it's still pretty much a political football and in new york go ahead. yes certainly there is some association with trump that's making it unpopular but generally speaking. i think a lot of folks have recognized that a real trade war would really damage u.s. interests cuz the u.s. . is very reli

has to say from lincoln to william mckinley to theodore roosevelt and from one harding to calvin coolidge the republican party erected the most awesome manufacturing machine the world has ever seen he continues to say the u.s. relied on terror of say a convert from an agricultural economy in one thousand nine hundred to the mightiest manufacturing power on earth by one thousand nine hundred. eight of what i suppose what the president is going to be doing when it comes to global trade let me go to and first reflect upon those words because in the mainstream media it's all gloom and doom i think part of it is it's because of what it's this. as it is saying it because we had bush and obama looking at the increasing duties on a number of things and it would focus all quite a bit on china so maybe trump is amplifying it but i think it's still pretty much a political football and in new york go ahead. yes certainly there is some association with trump that's making it unpopular but generally speaking. i think a lot of folks have recognized that a real trade war would really damage u.s. interest

harding and calvin coolidge. he had the most crooked people working for him and thought they were his friends. he did and governor of my state of massachusetts came bubbling up. they said if you went into the oval office and he did not move, you could not tell him from the furniture. [laughter] his nickname was silent cal. one time a woman was sitting next to him at a dinner party and had a bet with a friend she could get him to say more than two words. he looked at her with those beady little eyes and said you lose. i guess i shouldn't speak ill of the dead. he passed away last january. how they could tell, i don't know. but he knew that it was going to be quite some time before they had another shot at the white house, so he decided he would go to make money for his family they did have five children and all the boys were expected to go to harvard so he took a job as a junior partner in a law firm on wall street. are there any lawyers in the room or anyone who is related to a lawyer? you look like a nice young

has to say from lincoln to william mckinley to theodore roosevelt and from one harding to calvin coolidge the republican party erected the most awesome manufacturing machine the world has ever seen he continues to say the u.s. relied on terror of say a convert from an agricultural economy in one thousand nine hundred to the mightiest manufacturing power on earth by one thousand nine hundred. eight of what i suppose what the president is going to be doing when it comes to global trade let me go to and first reflect upon those words because in the mainstream media it's all gloom and doom i think part of it is it's because of what it's this. as it is saying it because we had bush and obama looking at the increasing duties on a number of things and it would focus all quite a bit on china so maybe trump is amplifying it but i think it's still pretty much a political football and in new york go ahead. yes certainly there is some association with trump that's making it unpopular but generally speaking. i think a lot of folks have recognized that a real trade war would really damage u.s. interest

has to say from lincoln to william mckinley to theodore roosevelt and from one harding to calvin coolidge the republican party erected the most awesome manufacturing machine the world has ever seen he continues to say the u.s. relied on terror of say a convert from an agricultural economy in one thousand nine hundred to the mightiest manufacturing power on earth by one thousand nine hundred. eight of what i suppose what the president is going to be doing when it comes to global trade let me go to and first reflect upon those words because in the mainstream media it's all gloom and doom i think part of it is it's because of what it's this. as it is saying it because we had bush and obama looking at the increasing duties on a number of things and it would focus all quite a bit on china so maybe trump is amplifying it but i think it's still pretty much a political football and in new york go ahead. yes certainly there is some association with trump that's making it unpopular but generally speaking. i think a lot of folks have recognized that a real trade war would really damage u.s. interest

look what karting -- harding and coolidge. bill clinton when he came in toxic tax. before, if you were between ages of 65 and 72. you must money. he got rid of that. huge tax cut for the elderly. welfared into law reform. biggestn for the capital gains tax cut in history. he dropped the rate from 28% to 20%. even more than that, he got rid of capital gains taxation on owner occupied homes. 125,000 for a couple. the capitally cut gains tax rate to zero on half of the capital stock in the u.s.. spending as aent share of gdp. bill clinton did. he cut it by more than the next three piece time presidents combined. by 3.5 percentage points. is it any wonder we had a boom during that. who would think of a stimulus package as spending. what you think of poor people spending themselves into wealth it is on the face of it so stupid. yet they sat there and convince themselves it made sense. this is what we have to do. set them down. you are never going to win if you fight. if you fight, both of you lose. you may lose less than the guy you beat the hell out of. what you both lo

no further than the great depression of 1929 that not only undid the economic gains from calvin coolidge's cost cutting and tax cuts. it launched us into the kind of financial turmoil that would be comcompressed and compounded in this era. hopefully those around the president will bend his ear and will in the right direction so mr. trump doesn't throw the brakes on the economy. what goes up can keep going up. but he adds to the gravity with tariffs and a trade war, the fall back to earth will be fast, hard and hardly great. let's get into the show. i'm kennedy. kennedy: earlier today the president made his case for why we need those tariffs on steel and aluminum. >> our country on trade has been ripped off by virtually every country in the world. we lost $800 billion a year on trade. not going to happen. kennedy: the problem is, from a free trade perspective, tariffs never really work. why is the white house playing roulette with the economy? former economic adviser to president reagan, art laugher is back. >> that was a great opening monologue. i loved it. kennedy: thank you very much, ar

buchanan wrote in a column lincoln to mckinley and roosevelt and coolidge, the republican party erected the most awesome manufacturing machine the world had ever seen. through the seven decades the g.o.p. was rewarded by becoming america's party. trump's instinct on trade have been spot on for decades. as china become more repressive and the u.s. media flattened, the mainline republicans offer the middle class more of the same. more war. more immigration and more trade deal. the g.o.p. establishment and some of the democrats, well, they heard the call to wall street. they did not hear the voices of men like this. >> my father in the '80s lost his job due to imports coming in to this country. i want to tell you what that does to a man with six kids is devastating. i never forgot looking into his eyes in a household what it does to my family. you hear about it but it impacts you and it will never leave you. >> laura: that should never leave any of us. now donald trump, the only republican politician since reagan who can fill a stadium, he is supposed to listen to the same people who helpe

that in the past, presidents you and i have covered, you often see a phenomenon -- >> starting with coolidge, guess. >> a new president arrives in washington, d.c. with a coterie of people from home, they're loyalists, they arrive in the white house and don't really know what they're doing but they have some governing experience. one thing they learn in a year or so is that they need to adjust to the ways of washington. you see the chief counsel or chief of staff, who is a vestige of home, arkansas, texas or wherever -- >> or georgia. >> or georgia, dispensed with in favor of the old washington hand. trump is like the bizarro world president who came to washington with no political background who hired a bunch of people, a bunch of generals in a white shoe law firms or assemblage of lawyers and because he feels more comfortable, he's doing the opposite, getting rid of the experienced hands and bringing in the flame throwers, bringing in the fox news personalities, bringing in the war cabinet, the loyalists who he thinks as things get tougher will be there just to defend him and say yes, yes,

been injured in protests in barcelona calling for the release of former haslam president callus coolidge did not he was detained in northern germany on sunday and is waiting to hear if he'll face extradition to stay . egyptians go to the post shortly in that action expected to return president abdul fattah el-sisi to path opposition parties have called for a boycott of the vote after several potential candidates were either arrested or forced to drop out of the race this year facebook c.e.o. mark zuckerberg has taken out full page newspaper ads in the u.s. and in the u.k. apologizing for what he calls a breach of trust he says he's sorry that more wasn't done when millions of profiles were linked to cambridge analytic. all right here today this is the latest headlines let's go back now to syria witnesses for the prosecution. in new york the united nations had to be convinced to refer the keys to the international criminal court the i.c.c. previously investigated crimes against humanity war crimes committed in uganda the democratic republic of congo and darfur but there was one obstacle s

>> yeah, just like calvin coolidge did in the 1920s. it's continuing reassurance of business led to an overlong expansion. so this expansionalready is 10 months, which makes it almost record the record was 120 months. so if it goes for another 16 months, we'll have a new record. so something unusual would have to make that happen. and maybe the unusual thing is donald trump, who is certainly an unusual president and for many people, an inspiration. >> well, look, the tax policy is transformational we're going to go to the with earnings season, we'll hear some real numbers, outlook as well, consumer sentiment to your point, may have been a touch under what the expectation was but not by much. and business sentiment is high as well. that's exactly what you're speaking to. >> not exactly because consumer sentiment, as based -- the conference board consumer confidence, are based on very concrete impressions about the state of business, now and in the near future, six or 12 months. so that is not the same thing as donald j. trump confidence

so, as i say in the book, he may not have heard of calvin coolidge's famous remark when he was governor of massachusetts that there's no right to strike against the public safety, but he certainly believed it. >> host: your father was relatively quiet, but your mother wasn't. >> guest: right. >> host: what was she like? >> she was a woman of strong opinions and she was fairly vocal about them and i suppose that had an influence on me as well. >> host: do you think you're a man of strong opinions and fairly vocal? >> well, i think when you're in the public discourse, which is what i've spent a lot of my career doing, i think it's important to be able to articulate your views clearly. i think i was trained that way as a litigator. you have to be able to persuade judges and juries and if you get lost in the complexities of your client's position it's hard to persuade other people. so clarity of thinking and clarity of expression i think are important. >> host: your mom and dad-- did they go to high school, didn't graduate? >> they had some, didn't graduate. >> host: you say it's not the ge

factis in spite of the that as calvin coolidge said, the business of america is business. that is exactly what he meant. he didn't mean the business of america taking care of consumers. it is making sure people have adequate income and wages. the business of america is business. the department of commerce flourishes in helping american businesses find markets at home and abroad. helping them become more adapt scientific management, become more productive. the business of america was business. -- the't concern government didn't concern itself with purchasing power. engage indidn't collective action. there were hardly any strikes, protests, there want any camino -- communal efforts to make up for this. theuddled along through 1920's. the dormancy of pocketbook politics in the 20's was due in part to the flow rate of inflation. the people can't complain about rising prices. they have 3.3 billion in debt in 1920. this consumer debt includes home loans and mortgages. $7.6 billion. where did americans get their loans in the 1920's? i have included this list. let's go through. lo

. >> it's a good argument for calvin coolidge, though. >> time for one more in the back, sir. >> a few weeks ago, bobby jindal wrote in a "wall street journal" article that trump had saved the republican party by bringing back disaffected blue-collar workers that had traditionally voted democratic. he went on to say that now it was time for trump to leave, but put that aside for a moment. who else in the republican party could attract that same group of people that he has brought into the republican party? was there anybody on the stage with him during the last debates that could pick up that mantle or do republicans have to look to a bench, you know, in the minor leagues or some place else to try to find people who can continue to draw on that segment of the american population. >> well, in terms of policy, there's no question that senator tom cotton of arkansas would be the most likely heir. i don't know about personality. not necessarily personality, but certainly in policy. he would be the most likely person to carry on, and that's -- you know, every policy he's involved with, whet

where that goes ultimately -- i kind of like in this to the 1920's under calvin coolidge, who is a very tom: that ended well. robert: that is when he left office, 1929. he had a few more months to go in 1929.e peak year is a midterm election year and historically, that is the weakest year in the four-year presidential cycle for the stock market. this year we have the potential , his donald trump republican party, potentially loses control of congress which means he may not get anything done for the rest of his term. how would that change your assessment? robert: i wasn't giving a big insert -- enthusiastic endorsement of the market, i was saying i can see it going on. if what you said takes place, if we do have a power shift in the midterm, that will plausibly bring the market down. to breakave got to go so we can sell things so i can buy a new bow tie for the holiday coming up friday. i will not be here on friday. it will be good friday and we will be off then. we will continue our programming through a busy week this week and into next week. we are honored by our guests howard ward an