stockman refers to naive supply siders.ning the reagan plan is premised on faith, said stockton. none of us understands what's going on with all these numbers. >> it was very, very damaging. a lot of people wanted him fired, but i thought we had to keep him because he knew more about the budget than anybody. so i prevailed upon the president to not fire him. >> we have faith in our program and we're sticking with it. the paid political complainers, let me say as politely as i can, put up or shut up. >> president reagan standing in the nbc/ap poll has gone from a high of 65% approval after he was shot to a low of 43% last fall. that's a bit lower than any previous president at that stage of his stay in the white house. >> we lost big in the 1982 midterms. and everybody was blaming the bad economy on our tax cuts and spending reduction. >> i remember thinking, okay, the bubble's burst. and when a president sinks like that, and i had just seen it with jimmy carter, you just don't come back. and i did believe that. he's not goi

a little more , an 100 days, the regan noziger, point dexter, north, wineberger, watts, slavel, stockmanhague, north, noriega, george bush will be over. cheers and applause] you know, tonight, i feel a little like i did when i played basketball in the eighth grade. i thought i looked real cute in mi hyun form and then i heard a boy yell from the bleachers, make that basket, bird legs. and my greatest fear is that same guy is somewhere out there in the audience tonight. cut me nd he's going to down to size. because where i grew up, there really much tolerance for self-importance. people who put on airs. i was born during the depression in a little community just outside waco. and i grew up listening to franklin roosevelt on the radio. it was back then that i came to understand the small truth and the hardships that bind neighbors together. those were real people with real problems and they had real dreams about getting out of the depression. i can remember summer nights when we would put down what we would call the babbities pallet. and we would listen to the grown-ups talk. i can still h

this nation that in a little more than 100 days, he reagan-meese-deaver-nofziger-po exter norice, stockman, hague, bork, noreiga, georgebush will be over. treasurer richards: you know, tonight i feel a little like i did when i played basketball in the 8th grade. thought i looked real cute in my uniform, and then i heard a boy yell from the bleachers, "make that basket, bird legs." treasurer richards: and my greatest fear is that same guy is somewhere out there in the audience tonight, and he's going to cut me down to size. treasurer richards: because where i grew up there wasn't much tolerance for self importance, people who put on airs. i was born during the depression in a little comunity just -- community just outside waco, and i grew up listening to franklin roosevelt on the radio. treasurer richards: well, it was back then that i came to understand the small truths and the hardships that bind neighbors together. those were real people with real problems and they had real dreams about getting out of the depression. i can remember summer nights when we'd put down what we called a baptis

stockman declares in henry gibson's play, "the enemy of the people" the majority is always wrong. it is true, that the majority often is wrong and that the majority even when wrong, often has a right to work its will anyway. often but not always. the challenge is to determine the borders of the majority's right to have its way and to have those borders policed by a non-majoritarian institution, the judiciary. so to the question about how lincoln has influenced my life, my answer is this. by his noble rejection of the kansas/nebraska act and the idea of popular sovereignty as the way to decide the question of slavery in the territories, lincoln concentrated my mind on two timeless truths. one, is that majority rule is inevitable but not inevitably reasonable. the other is that moral reasoning properly done and the constitution properly construed both affirm that many things should be beyond the reach of majorities. thank you very much. [ applause ] >> terrific. very deep and thoughtful. [ applause ] >> that was terrific. it was provocative. thoughtful. and i have a lot of questions

stockman declares in henry gibson's play, "the enemy of the people" the majority is always wrong. it is true, that the majority often is wrong and that the majority even when wrong, often has a right to work its will anyway. often but not always. the challenge is to determine the borders of the majority's right to have its way and to have those borders policed by a non-majoritarian institution, the judiciary. so to the question about how lincoln has influenced my life, my answer is this. by his noble rejection of the kansas/nebraska act and the idea of popular sovereignty as the way to decide the question of slavery in the territories, lincoln concentrated my mind on two timeless truths. one, is that majority rule is inevitable but not inevitably reasonable. the other is that moral reasoning properly done and the constitution properly construed both affirm that many things should be beyond the reach of majorities. thank you very much. [ applause ] >> terrific. very deep and thoughtful. [ applause ] >> that was terrific. it was provocative. thoughtful. and i have a lot of questions

but then even david stockman who was his money guy said trickled down was failing at a certain point. but let me throw it back to you, jeff. hillary clinton says tax corporations or businesses like yours that do make money and make them pay their fair share. would that cause you to hire more people or fewer people? >> well, i -- you know, i think one of the things about hillary clinton's economic plan is not so much about tax penalties. liz: uh-huh. >> but rather trying to incentivize companies to take those moves that will create more wealth for their employees. an example being if a company has a stock option or stock -- or a profit-sharing plan that there would be a tax benefit for that and helping incentivize more proactive ways to work with your employees is, to me, a good thing. rather than just giving blanket cuts and then hoping that people do something good with that. >> she's certainly talking about tax penalties. she's talking about increasing the capital gains tax over 43%, that is enormous. talking about taxing risk we're living in a false narrative right now where someho

. >> this is not a david stockman book which someone will take you to the woodshed. your you're not time private conversations. but it began as a political magazine. >> matt giving me his journal in the summer of a 2012 and i was thinking i know the political magazine is thinking about trying to launch a longform vehicle for politico which i always thought was a great idea. and if i could just get in touch with her because the 25th anniversary it's coming up in september 2013 they might like it but i went to the aspen deer festival in july of 2013 and have the journal and i said i have to start writing this up. maybe it could be an e-book or something. i started hammering away and i started saying it would lead me down all of these rabbit holes of other things. by the end of the summer of 2013 i head about 60,000 words and i have to go to susan and said i can only take six. they also sent matt to do a mini documentary on that interview. they talked to them. and so once that ran in politico and i think it was one of the most widely read stories of 2013 their first yea

this is not a david stockman book where somebody's going to take you to the wood shed. but it ban as a part in a -- began as a part many a political magazine where you just focused on the dukakis event. >> because matt gave me the journal in the summer of late 2012, and i was thinking, oh, i know politico magazine is thinking about trying to launch a long form vehicle for politico which i always thought was a great idea. and if i could just get in touch with her, because the 25th anniversary of dukakis and the tank is coming up in september 2013, they might like it. but i went to the aspen ideas festival in july of 2013 and had matt's journal, and i said i've got to start writing this up. maybe it could be an e-book or something. and i started hammering away, and i started saying, well, it would lead me down all these rabbit holes of other aspects of political stagecraft. so by the end of the summer of 2016, i had about 60,000 words -- >> wow, so that's a book. >> and susan said, well, i can only take six. just do the due dukakis story. but they also sent matt soak yes,

this nation that in a little more reagan, nots, the singer, points dexter -- poindexter, labelle, stockman, kayes, noriega, george bush will be over. [applause] tonight, i feel like i did when i played basketball in the eighth grade. i thought i looked real cute in my uniform, then i heard a boy make from the bleachers, "a that basket, bird legs." my greatest fear is that same guy is somewhere in the audience tonight, and he is going to cut me down to size. where i grew up, there wasn't much tolerance for self-importance. people who put on airs. i was born during the depression in a little community just outside waco. i grew up listening to franklin roosevelt on the radio. [applause] it was back then that i came to understand the small truths and the hardships the bind neighbors together. those were real people with real problems and they had real dreams about getting out of the depression. i can remember summer nights when we put down what was called the baptist palette, and we listened to the grown-ups talk. i can still hear the sound of the dominoes clicking on the marble slab my found