mr. reagan. mr. mondale, the closing words are now yours. >> i want to thank the league of women voters and the city of louisville for hosting this evening's debate. i want to thank president reagan for agreeing to debate. he didn't have to, and he did, and we all appreciate it. the president's favorite question is, are you better off? well, if you're wealthy, you're i league of women voters and the city of louisville for hosting this evening's debate. i want to thank president reagan for agreeing to debate. he didn't have to, and he did, and we all appreciate it. the president's favorite question is, are you better off? well, if you're wealthy, you're better off. if you're middle income, you're about where you were. and if you're modest income, you're worse off. that's what the economists tell us. but is that really the question that should be asked? isn't the real question is will we be better off? will our children be better off? are we building the future that this nation needs? i believe that if

mr. reagan. he had a deeper hole. unemployment peaked in november of the second term one month later than it did for mr. obama at 10.8%. by this time he had unemployment down to near 7% with with a rising labor force participation rate. if that was steady, he would be at full employment at in the point. to say his policies or republican policies don't work is a short view of history. the difference was between a competent republican president and frankly not one particularly competent at all. >> to me -- peter veered into some spin there. this is the cycle. not the spin. >> those are facts. >> i have numbers in there. >> peter knows as well i do that all that stuff that steve was just pauking did, that paul krugman was writing about this morning, the credit crunch, housing bubble and frozen credit markets was very unique to this recession relative to the he reagan recession. that was a quick bounce back. you won't get that with the historical collapse of the credit markets. >> i knew he veered into some spin when i saw

mr. reagan. mr. mondale, the closing words are now yours. >> i want to thank the league of women voters and the city of louisville for hosting this evening's debate. i want to thank president reagan for agreeing to debate. he didn't have to, and he did, and we all appreciate it. favoritedent's question is, are you better off? well, if you're wealthy, you're better off. you'rere middle income, about where you were. and if you're modest income, you're worse off. that's what the economists tell us. but is that really the question that should be asked? isn't the real question is will we be better off? will our children be better off? are we building the future that this nation needs? i believe that if we ask those questions that bear on our future, not just congratulate ourselves but challenge us to solve those problems, you'll see that we need new leadership. are we better of with this arms race? will we be better off if we start this star wars escalation into the heavens? are we better off when we deemp

mr. reagan, as you saw tonight -- president reagan takes the position it will disappear by magic. it was once called voodoo economics. i wish the president would say -- yes, the cbo is right. yes, we have a $263 billion deficit. this is how i'm going to get it done. don't talk about growth, because even though we need growth, that's not helping. it's going to go in the other direction, as they've estimated. and give us a plan. what will you cut? whose taxes will you raise? will you finally touch that defense budget? are you going to go after social security and medicare and student assistance and the handicapped again as you did last time? if you'd just tell us what you're going to do, then the american people could compare my plan for the future with your plan. and that's the way it should be. the american people would be in charge. >> mr. president, the most outrageous thing your opponent has said in the debate tonight? >> well, now, i have to start with a smile, since his kind words to me. i'll tell you what i think has been the most outrageous thing in political dialog, both i

mr. reagan? >> yes, i liked that a lot.does so many things for the obama/biden ticket there. he's a reminder of what happened the last time a democrat was in the white house financially in terms of the health of the country we did pretty well. he's also a reminder of contrast of the last time we had a republican in the white house where we went off a cliff. he melds this substance with the sort of folksiness in a way that few other politicians can do. there were more facts and figures in his speech than perhaps any other speech at either convention. and he ad-libbed half of it. >> you know, he walks on to that stage with the confidence of a guy going down in a refrigerator to make himself a sandwich. he's so confident out there. the first lady stole the show tuesday night with some heart felt stories about her husband. she talked about the president's reaction late at night sometimes near midnight he would read the letters from people with ordinary, very real problems. let's watch. >> i see the concern in his eyes, and i he

it was the ronald reagan administration with mr ronald reagan and it was a sign that the time to hold washington especially was supporting the taliban and was supporting osama bin laden's tied up against the soviet union and i was in the end the maid and the early eighty's and what happened afterwards when they became the number one enemy they became labeled as the main terrorist group that threatens the security of the united states they were responsible of nine eleven the most atrocious most widely media media presented a terrorist attack against the united states well these are the same people they're supporting them again in syria and they receive and direct support by washington in syria there is a direct support by washington in egypt in libya in libya there was direct intervention from nato to save these very people who killed the ambassador i mean this is ridiculous and the united states the state department is responsible because the united states and the state department i don't think are being truthful and saying that they do not know what the situation is on the ground the

mr. mondale, you have said that president reagan offers showmanship, not leadership, that he has not masteredow to command his government. i'd like to ask each of you to substantiate your claims -- mr. mondale first. give us specifics to support your claim that president reagan is a showman, not a leader, has not mastered what he must know to be president after 4 years, and then, second, tell us what personal leadership characteristics you have that he does not. >> well, first of all, i think the first answer this evening suggests exactly what i'm saying. there is no question that we face this massive deficit, and almost everybody agrees unless we get it down, the chances for long-term, healthy growth are nil. and it's also unfair to dump these tremendous bills on our children. the president says it will disappear overnight because of some reason. no one else believes that's the case. i do, and i'm standing up to the issue with an answer that's fair. i think that's what leadership is all about. there's a difference between being a quarterback and a cheerleader, and when there's a real problem

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mr. reagan was being portrayed as someone out of touch with real working families. sound familiar? history may have to teach us after this break with michael reagan. what do we do when something that's hard to paint, really wants to be painted? we break out new behr ultra with stain-blocker from the home depot... ...the best selling paint and primer in one that now eliminates stains. so it paints over stained surfaces, scuffed surfaces, just about any surface. what do you say we go where no paint has gone before, and end up some place beautiful. more saving. more doing. that's the power of the home depot. get $5 off one gallon cans of our best paint, including behr ultra, now through september 5th. >> we should acknowledge that ronald reagan ran a smart, classy, high-road campaign. not only did he fail to make a mistake. but he made a lot of smart moves. as we go along during the night make some notes. jimmy carter had no message to offer the voters. he's standing on what he consistently ran. his job rating caught up with him. ronald reagan used the debate to convince votessers tha

mr. gorbachev, reagan, tear down that wall. listen to this portion of the speech. and applause] adam: think we've got, i think we're having trouble with that. let me tell you it was the portion where he describes the president, look you promised to lower sea levels, you promised to stop global warm. i problem to help your family. ford,s that has to be a winner, right. >> absolutely. these are serious times and we need serious solutions. i will deliver on the jobs and energy security. adam: chris? >> it was a good sinker. i think the problem romney has he doesn't really connect. the reality when you're talked about undecided voters i'm not sure they saw anything that will move him. the speech hurt him but i don't think it will move anyone on the fence. >> it was not targeted left or right. it was targeted to independent voters. >> if that is the case it won't work. adam: chris, why do you say it doesn't work? seemed to be a neutral speech reaching out to women when he talked about his mother who ran for senate in michigan? seemed like a warm inviting speech. >> the

mr. reagan's. >> thank you, mr. chairman. gentlemen, thank you for being here. the old clichÉ of the devil being in the details, we don't like the details that we are hearing. even though it was us, and i couldn't agree more with my subcommittee chair, chairman roscoe, but it's our fault that it is congresses fault for putting you in this position. it's a lot like somebody holding a gun to your head wanting to take your possessions. you don't have enough possessions so saying, give us a plan on how you're going to get possessions so you can give them to me. it's ludicrous. every time that we come up with how are we going to deal with the sequestration, i can't help but tell my colleagues in congress to look in the mirror. we did this. we passed that idiotic law that now have put you in a situation where we now want you to solve the dilemma that we didn't have the courage not to do. so i don't have any questions, mr. chairman, i just think that we have come as a kind, have to accept the responsibility. we have to find a way to solve it. and we shouldn't be asking

mr. reagan opposed the bills. the budget will be squeezed. taxes will go up.people. [applause] i mean business. by the end of my first term, i will reduce the reagan budget deficit by two-thirds. let's tell the truth. [applause] that must be done. it must be done. mr. reagan will raise taxes and so will live. he will not tell you. i just did. [applause] >> it is time to wake up to the new challenges that face the american family. it time to see that young families in this country are never again forced to choose between the jobs they need and the children they love. [applause] time to be sure that parents will -- are never again told that no matter how long they work or how hard their child tries, a college education is a right they cannot afford. [applause] it is time to ask, why is it that we have run up more debt in this country in the last eight years than in the previous 200? make sure it never happens again. [applause] >> somewhere at this very moment, a child is being born in america. let it be our cause to give the child a happy home. a healthy family.

mr. reagan's bills., and anybody who says they won't is not telling the truth to the american people. [applause] i mean business in. by the end of my first term, i will reduce the reagan budget deficit by two-thirds. let's tell the truth. that must be done. it must be done. mr. reagan, he will raise taxes and so will lie. he won't tell you. i just did. [applause] >> it time to wake up to the new challenges that face the american family. time to see the young families and this country are never again forced to choose between the jobs they need and the children love. [applause] time to be sure parents are never again told that no matter how long they work or how hard their child cries, a college education is the right they can't afford. [applause] is time to ask why it is we have run up more debt in this country in the last eight years than we did in the previous 200 and make sure it never happens again. [applause] >> somewhere at this very moment, a child is being born in america. let it be our cause to g

m from california i remember mrs. reaganen the driving force during the time he was nominated and i watched what happened after all our country after the reagan years, the bush years, and i was waiting to feel this, and when clinton came in, i thought we came -- we were there, and we had 10 years of -- host: i will leave you there. guest: kathy, you are a target voter. what the democrats are doing in this convention is very much speaking to women. that is a smart strategy. republicans have traditionally had difficulty reaching women's voters, but let's let this tremendous line above women speakers. we have lilly ledbetter, and i hate to leave anybody out, but it was an amazing roster of women. what really caught my attention about michelle obama's speech is i felt like she was the one introducing her husband even though president obama is an incumbent. that might be what you are talking about. in the 2008 campaign the president seemed accessible. he felt like you knew him, and then suddenly we did not have that access to his

what was happening we preferred not to go because it was so popular domestically with president reagan with mr thought it was going down well no where in the area where king gadhafi is us where king president assad is a popular sport in the west and good domestically so we don't look who are these groups in syria who were the groups in libya what really owe their change it or their objectives truly to bring about as some in the west imagine a simply a more liberal society a more democratic and easy breathing society of course justice twenty five thirty years ago people didn't want to hear it was unpopular to say anything so it's been extremely unpopular here so are you saying that the west miscalculated chose the wrong alliances perhaps i think that they miscalculate totally what was happening they chose they created americans for themselves it was a constructive narrative that really all of them. the initial awakening which was popular and had real popular impulse and it was somehow vindication of european values of american values and they misread this it was not it was in fact when you hear

mrs. greer... i'm frank reagan. i know who you are, commissioner. i didn't come here as a police commissioner. i came here as a father. he was minding his own business. stepped for a cigarette and got his life stolen from him. you have every right to feel the way you do... toward me and the police department. (chuckles) thank you for your permission. is this where i'm supposed to cry on your shoulder? mom... it's all right. i wish i could tell you it gets easier. it doesn't. and it will never make sense. and how would you know that? i lost a son. was he shot down in cold blood by your nypd? matter of fact, he was. i'm sorry, commissioner. clearly, i'm not helping here. i will leave you to your family, mrs. greer. i didn't mean to disturb you... ...and i'm sorry for your loss. come on. there's nothing else you could tell me? there's nothing in his cja file? he maxed out his sentence, so no parole, no parole officer. he's not even required to leave a forwarding address. all right. thank you. danny, i don't like the sound of your voice. oh, my baby sis really does love me, huh? i do, and i'm not

stockman former director of the office excuse me of management and budget during ronald reagan and before the break mr hoffman i'm so sorry i did not mean to you off especially during such an eloquent speech that you're making we didn't have to hit that break but we were talking about you blame the fed for a lot of the wrong doing and leading up to the financial crisis so why would we allow them to do the same thing afterwards i hope i paraphrase that properly i want to stick more to this point. how the financial crisis was handled and what we see now because we still have these too big to fail institutions that are bigger they're too big to fail or too much bigger to fail than they were several years ago and yet we still don't really have a solution to that they are talking now about making a tighter volcker rule or at least reportedly according to bloomberg some of the lawmakers who have been looking at j.p. morgan's whale trade are saying they're going to push for that but even in the situation where we had a tighter volcker rule a more narrow volcker rule would that rein in too big to fail risk in

yes, that is nancy reagan and mr. t. and this is michael jackson. and this is elvis presley.t just happened. i'm done talking now. >> jennifer: thank you, brett. somebody's always in our war room. check us out online on current.com/the war room. thanks for joining us. we also have tchotchkes. this is a sign from the democratic national convention last week. everybody was holding up saying thank you president

ronald reagan was mr. conservative. he was also pragmatic. so he had the base, the base trusted him. he could do a deal with your boss tip o'neill to save social security. he could do a deal with my boss ted kennedy to pass immigration reform. people would grumble on the right but they were with reagan. the romney people act like they're scared of their shadows. if he says anything off the playbook they immediately retreat. >> how do you provide all the good things, the benefits in obama care, they don't mind that word anymore, like covering people with pre-existing conditions, having your adult kids in their 20s covered which all costs money, without having an individual mandate. >> republicans have all stated continuously throughout the year that if we did repeal obama care, we would pass a law that included pre-existing conditions and i think this new thing that romney is talking about up to 25 years old. there's -- the law you can pass, it does not include -- you can have all kinds of ways to do this. you can have risk pools. you can have

here's the former reagan economic advisor mr. bruce bartlett. former reagan economic advisor. here's what he said. of "distributionly,ally, the -- distributionally the ryan plan is a phopb -- monstrosity. the rich would receive huge tax cuts while the social safety net would be shredded to pay for them. shredded to pay for them." again, youdon't have to take th. i think the bishops had something to say about that. when the bishops said "the ryan budget fails the moral test." "the nation's catholic bishops reiterated their demand that the federal budget protect the poor and said the g.o.p. measure 'fails to meet these moral criteria'." the ryan budget -- the ryan budget. well, mr. president, a centerpiece of the ryan budget again is its promise to repeal the affordable care act. obamacare, they want to repeal that. well, again, once you get pass past this political -- past this political theater and look at what the repeal of the obamacare would mean, not a pretty picture. it would reopen the drug doughnut hole, requiring seniors to pay about $600 more per year on average for p

mr. bush and reagan. i don't want to have no more years with no tkwrot the private sector. that is what happened in the last four years. we need to invest and grow and that is what i want to do. >> president bush, 2 minutes. >> i didn't question the man's patriotism. i questioned thman's judgment and character. what i don't except is demonstrating and organizing demonstrations r a foreign country when your country is at war. i'm sorry, i cannot accept that. this one on taxes ells out the big eflt difference between us. i do not believe we need to go back to the mondale proposals or dukakis proposals of tax and spend. golfr- governor clinton says $20 orkz000, but he says he wants to raise $150 billion. that won't get you $150,000. when you add his other spending proposals, you sock it to the workingman. that old ad"we're going to soak the ri we're going the rich." it always ends up being the poor cab driver or the workingman that ends up paying e bill. and so i have a different approach. i believe 9 way to get the deficit down is to control the growth of mandatory spending p

. >> chris: let's talk about wisconsin which has not gone republican since ronald reagan in 1984. mr. obama was campaigning in milwaukee yesterday for the first time since february. having said that the real clear poll ficks average shows obama with a 7-point lead in your state and one poll shows that the president now leads romney on who is better at handling the economy. question, governor, is wisconsin really in play this year? >> i really think it is. i mean in my recall reelection we won in june by more votes than were cast two years ago by a larger percentage than two years ago and many of the polls show that it would be that tight. in fact, some of thionity polls showed it it was aplite decision. i think there is a lot of things moving here. certainly there is a very clear political vision, had been for years between republican and democrat in 2000 and 2004 we were the closest blue state in america. only a couple thousand votes out of 2.35 million made the difference. the fact that the president was here and mitt romney's son was here yesterday and mitt romney's wife ann was h