president, vice president bush, vice president mondale, senator baker, speaker o'neill, reverend moomawand my fellow citizens, to a few of us here today this is a solemn and most momentous occasion, and yet in the history of our nation it is a commonplace occurrence. the orderly transfer of authority as called for in the constitution routinely takes place, as it has for almost two centuries, and few of us stop to think how unique we really are. in the eyes of many in the world, this every four-year ceremony we accept as normal is nothing less than a miracle. mr. president, i want our fellow citizens to know how much you did to carry on this tradition. by your gracious cooperation in the transition process, you have shown a watching world that we are a united people pledged to maintaining a political system which guarantees individual liberty to a greater degree than any other, and i thank you and your people for all your help in maintaining the continuity which is the bulwark of our republic. [applause] president reagan: the business of our nation goes forward. these united states are c

president, vice president bush, vice president mondale, senator baker, speaker o'neill,, reverend numeraland my fellow citizens,, to a few of us here today, this is a solomon momentousand most occasion. the orderly transfer of authority as called for in the constitution, routinely takes lace as it has for almost two -- few of usd u.s. stop to think how unique we really are here it in the eyes of many in the world, this every for your ceremony is nothing less than a miracle. our fellownt, i want citizens to know how much it did to carry on this tradition. by your gracious cooperation in the transition process, you have shown a watching world that we to a united people, fled maintaining a political system which guarantees individual liberty to a greater degree than any other. i thank you and your people for all your help in maintaining the continuity, which is the bulwark of our republic. the business of our nation goes forward. these united states are confronted with an economic affliction of great proportions. we suffer from the longest, and one of the worst sustained inflations in our na

power in washington or ronald reagan who would get together at the end of the day with tip o'neill, democratic speakerhave a drink with him, reminisce, tell jokes and then start working out how to get a bill passed. barack obama doesn't seem to know how to do that. he in fact in private is a very introverted person who doesn't reach out via on a group of chicago operatives whom he's brought with him to the white house. >> when i got the idea for the brief against obama, and said hey, what's the worst thing president obama has done? for what up of course. i just made a list. people call up and say he's no friend of israel. he left that yahoo! in the base at. or it didn't help the iranian revolution. that came up a lot. unemployment is at such and such a rate as such and such a time. i just made up on this and i had a list of more than 50 suggestions. i whittled it down to 24 the 25th cap your is a summary chapter. let me repeat the table of contents. i'm not going to go through each of these because after all you need to buy the book. the nightmare of obamacare. a failed stimulus. stimulus to point out

power in washington or ronald reagan who would get together at the end of the day with tip o'neill, democratic speakerhave a drink with him, reminisce, tell jokes and then start working out how to get a bill passed. barack obama doesn't seem to know how to do that. he in fact in private is a very introverted person who doesn't reach out via on a group of chicago operatives whom he's brought with him to the white house. >> when i got the idea for the brief against obama, and said hey, what's the worst thing president obama has done? for what up of course. i just made a list. people call up and say he's no friend of israel. he left that yahoo! in the base at. or it didn't help the iranian revolution. that came up a lot. unemployment is at such and such a rate as such and such a time. i just made up on this and i had a list of more than 50 suggestions. i whittled it down to 24 the 25th cap your is a summary chapter. let me repeat the table of contents. i'm not going to go through each of these because after all you need to buy the book. the nightmare of obamacare. a failed stimulus. stimulus to point out

manipulate the powerd or ronald reagan he would get together at the end of the dayre with chip o'neil the democratic speakerand have a drinknk with him and reminisce and tell jokes and then start working out how to get a bill passed. barack obama doesn't seem to know how to do that.o he's private a small group of chicago operatives. and when i got the idea for the brief against obama i said what is the worst thing that president obama has done and they could've gone for a couple of days. i just made a list.p and the basement. they didn't help that revolution.n. unemployment is at such and such a great and i spent a long list. at a list of more than 50 selections and i weathered it down. let me read you the table of contents. after all you need to buy the book.. the nightmare of obama care. a failed stimulus. the biggest spend thrift in history and that is true by the way. the dodd frank had fake. with the constitution. sandalal --dash back stating by to its fate.y resetting the russian button ignoring border security. bowing to china.d the hyper- partisanship the general lateral realism the fumble or and ch

big difference between reagan and what we are reagan'sday is that relationship with tip o'neill, the democratic speaker, was actually quite strong. we do not see those same kind of connections. nobody is going to accuse donald trump of being somebody who is cuddling up to them and trying to be everybody's friend. he is the guy who tweets at 6:00 a.m. and is willing to make a statement and take a stand. i am not sure we have the same type of relationships we saw back then, and that will slow things down significantly. jarret seaburg, thank you. -- jaret seiberg, thank you. robert tipp is staying with us. this is bloomberg. ♪ jon: from new york city, this is bloomberg daybreak." i am jonathan ferro. in the markets, a little bit of drama and consolidation. futures softer. we roll over in europe. if we switch up the boards, the fx market looks like this. it is a little bit risk-off, so a stronger yen trade developing. -- a stronger yen trade developing. treasuries up about a basis point brent crude stable at 53.30. alix: the market has to shift from taking president trump seriously and literally what is ha

power in washington or ronald reagan who would get together at the end of the day with tip o'neill, democratic speakerhave a drink with him, reminisce, tell jokes and then start working out how to get a bill passed. barack obama doesn't seem to know how to do that. he in fact in private is a very introverted person who doesn't reach out via on a group of chicago operatives whom he's brought with him to the white house. >> when i got the idea for the brief against obama, and said hey, what's the worst thing president obama has done? for what up of course. i just made a list. people call up and say he's no friend of israel. he left that yahoo! in the base at. or it didn't help the iranian revolution. that came up a lot. unemployment is at such and such a rate as such and such a time. i just made up on this and i had a list of more than 50 suggestions. i whittled it down to 24 the 25th cap your is a summary chapter. let me repeat the table of contents. i'm not going to go through each of these because after all you need to buy the book. the nightmare of obamacare. a failed stimulus. stimulus to point out

. >> tip o'neill, democrats, he was thousand speaker, controlled the house. reagan was the president. it took two years to get through that. this is different, they have everything, for one they have everything in one. all one party rule. here is the -- neil: but, trent lott, i believe those tax cuts were ultimately retroactive to the middle of '81, weren't they? is he gone? significant achievement. and of course in '86 too. let me emphasize, the senate and house will move forward on their commitments. i talked to one of the senate leaders, we'll meet weekends and meet at nights. we'll get regulations repealed. we'll repeal obamacare and replace it and move to tax cuts. they will not delay it very long. neil: guys, i do want to go back to washington because this little drama, soap opera put joe biden in tough position to shoot down fellow democrats. let's listen here. >> as the chair previously ruled, a signature of a senator is required. >> mr. vice president, i have a writing for signature for myself, not yet a signature -- >> objection can not be received.