kennedy blew off the advice of james toban and all of the economist that said losen money and raise taxes. working at the ims, 29 years old kid, did the opposite of that. kennedy took that advice in the summer of 162. and the 1960 resulted in 4.5% growth in the face of collapsing economy. they got the idea from the center of economics and the journal of the economy at the university of chicago where he was awarded tenture at the age of 32 in 1965. and again he won over the profession. this argument that supply-side is outside is defiance. you should see the letters of recommendation, the letters of reference that they got the lions of the seal in the late '60s and early '70s. people talk about the incredible ideas. we don't agree. but man is he per -- persuasive. he found people to listen to him. one of his editors, became a staffer. for money other than that jack kemp in 1975 and 1976 and these ideas of stabilizing the currency and tightening money started to penetrate congress. they had a victory with the 1978 with the capital gains tax cuts and reagan won and installed the supply-side

republicans think obama is a losener 2010. is he right? >> he's popular but not able to translate into electoral votes. we have seen that with new jersey, pennsylvania and virginia. inviting him to come to kentucky they play expect is him to once again waste more capital. and paul has two things. this issue we're going to talk about hair, puts -- makes things messy foree for, for paul and for all of the republicans who want to make obama look bad. there's a sympathy factor kicking in when you start challenging whether, whether the civil rights act was good thing and suddenly the first african-american president on the ground who wants to get involved in that conversation. chris: before that, that's a good piece for the second half of the show. we'll talk about your book. president obama talk to you about his surprise about how the big spending of his first year, all of the stuff he did, it stirred people up. here's what he told you. it wasn't that i thought my political outreach would yachtly stop partisan politician, i thought that at lea

in the moments that losen the flood gates. being a scene of bloody turmoil and by deserve. every year they react this. hillary accepts the invitation. they both gave speeches, obama in his case where king spoke all of the time. and the speech he gave, unlike the announcement speech where the metaphor was lincoln and the associations were all about lincoln and kind of general americanness, this was the speech directed towards the american voters and population. because if he's going to get anywhere this endeavor, he's got to win some huge proportion of the black vote. and the terms he used were -- and this term kind of -- this has been in black churches since forever, this metaphor of moses and leading people out of the promise land. people used to call martin luther king. they were also calling him the moses figure. he was saying that the previous generation exemplified by joe and john was the moses generation. they suffered for us and they have brought us this far but the journey is far from complete. we are the joshua generation. you can easily follow this biblical metaph