but most people would say he hurt george herbert walker bush. that he was more conservative perot, he came from texas and that challenge hurt bush a lot. because he was the incumbent. so bill clinton was helped by perot in 1992. >> some analysis of the numbers of supporters suggest that 70% of the perot voters had voted for george bush in 1998. >> 1988. 1988. excuse me. we have a couple of minutes left. to the second caller, the caller's second question. i want to pay a clip and this is our last one of the evening. this is one from ross perot's infomercials that he purchased before the 1992 election. and the 30-minute commercial in october, the first one he did, october of 1992, and he looks ahead from 1992 to the year 2020. let's listen. >> let's look at the growth of federal spending and see if there's a trend here. go on to 1950, there's obviously a trend here. we've gone up to 25% of our gross national product. that's excessive. and hold on to your hat. if you and i don't aaction now as owners of this country, the forecast shows that by the y

the way that george her bear walker bush, i think with the advice and down of roger dales at the time, pitched up a fight with dan rather, remember, in the beginning of the '88 campaign, as a warmup to go of a dukakis, and it really worked for him and this may really work for newt, what do you think? >> well, it certainly is going to work for him in south carolina. i think and contrast that, chris, with mitt romney's episode from yesterday when he confronted the occupy protesters. and i thought tried to have that sort of moment. to, you know, put them in their place and put them down. and it was awkward. it didn't work that way. gingrich is good at this sort of thing, mitt romney really isn't. and that contrast was pretty stark. >> thank you, howard and gene, we'll see you tomorrow night for the coverage of the results in south carolina. what a night it's going to be. >>> coming up, as prepared as newt gingrich was for that question about his ex-wife mitt romney wasn't all prepared, he was flat-footed, when he was asked once again will you release his tax returns? and his nonanswer of

i will not be john mccain. >> but we know herbert walker bush, the first president bush, did the sameou prescribed, read my lips, no new taxes, and then he did it! >> yet another reason for conservatives to feel burned. listen, chris -- >> why would you believe that a man who was a moderate governor in massachusetts, who did all this with a health care and abortion rights and funding and all those things, which the conservatives in this country, including a lot of independents don't like, is going to change somehow and become a barry goldwater conservative? >> for the same reason that a lot of conservatives saw a guy named ronald reagan who signed an abortion bill in california, who was actually skewered by the hard right for spending too much money, allowed taxes to be increased in california, when he came -- when he became president in 1981. he found his conservative voice. i see a smirk -- >> because i -- >> i'm not spending -- >> he's turning his back to you. >> that's his argument. >> no, that's his argument. >> i'm not spinning for him, i'm saying, that's his argument -- >> beca

so he was sort of position that he had to give a bunch of the government back to george herbert walker bush who he had defeated for the presidential nomination so the bush people came in and they. bush's giant jim baker was chief of staff of the white house in the course of which was a vice president and he had all kinds of washington connections and if the government just simply filled up with bush people was harder for reagan to do anything and how did that impact policy his policies. the republican establishment did not want a big tax bill they were worried about the deficit and wall street was telling them if you cut taxes inflation will go out of course of iran and didn't went down but they said the place will go up it will destroy our stock and bond portfolios and you've got to block it's crazy reagan and not let him do this and so i spent a lot of time in the government citing reagan's own government to get the tax bill out that the president wanted that he thought would restore the economy so that he could then move to his second agenda which was to end the cold war. you know intere

i remember that ronald reagan had like 36 days to make up what he lost in 80 to george herbert walker bush. >> this is one week. one is, as joe says, the debates. everything's kind of stalled, waiting for the weekend -- >> this saturday night -- and sunday morning. >> from the weekend from heck, as mitt romney would call it. the other reason is rick santorum, who should be coming on like gangbusters, should be reaching up toward mitt romney. he's had a difficult day in the past. and even though he raised a lot of money, he's having problems. for example, it turns out that rick santorum can't buy any tv time here in new hampshire. his campaign said that all of the tv time, for every tv station, and i assume that's boston as well as new hampshire, has already been taken. it's a small detail, but it's an important one that shows the difficulties he has catching up with the slow moving, not all that popular, but still juggernaut-like mitt romney campaign. >> and in the free media that he's getting -- >> let's talk about that. let's look at the free media. yesterday rick santorum got into a hea

george herbert walker bush an unknown ambassador a moderate candidate in the race, won that caucus because the conservative vote was all chopped up. one of the things to watch coming out of iowa is can the conservatives coalesce around one candidate? rick perry in south carolina, rick santorum? who will that be? going forward to be the alternative to romney? that's what i would look for coming out of iowa. >> schieffer: in 1980, ronald reagan wins the fom nation. then you shift to 1988. of all people pat robertson finishes ahead of george bush in iowa that year. and then george bush goes on to win. i agree with you. it's important because it's first. we find out, we see them all lay it out. thanks to all of you. we'll see you all out there. i'll be out there this afternoon. back in a moment with some final thoughts. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our

condolences have been coming in from across the country including from former president george herbert walker bushania's attorney general, who is leading the prosecution of accused child molester and rapist jerry sandusky. paterno's former assistance coach here. linda kelly, the attorney general, states in part, quote, the paterno family is in our thoughts and prayers as they mourn the loss of a beloved husband and father. she goes on to say, few people have influenced the lives of so many others in the way joe paterno was able to. now, the family, of course, has -- was at his bedside when he passed away. he died of complications from lung cancer. and currently the university says they are trying to put together plans for a tribute here. those plans have not yet been formulated nor do we know the specifics of his funeral plans just yet. fred? >> all right. susan candiotti, thanks so much for that live report. >>> so paterno's history with penn state dates back more than 60 years. he was named assistant coach back in 1950. and he became head coach in 1966. over the course of his career, he logged 4

the perception of george herbert walker bush as patrician and cold and out of touch was partly stuff that he did, like flunking that question in that debate. it was partly who he was and how who he was showed up on the campaign trail. >> the president got a chance to see a supermarket checkout scanner in action. seems that he hadn't seen one of those. >> the president said he was amazed. to this day don't you wonder if any member of the bush family has ever bought groceries for him or herself? do they all try to do that now so they don't get trapped the same way he did? this year the role of incumbent is reversed. but the likely challenger this time around is the patrician silver spoon guy. the guy who has to worry about coming about out of touch. as cold an unfeeling during a time of economic pain. in a speech by the chief economist he doubled down on economic empathy. they're putting income inequality and the good fortunes of the rich not translating to good fortune for the rest of the country. they're putting that right at the center of the president's re-election campaign, where

condolences coming in from all over the country, including from former president george herbert walker bush. the sandusky scandal will be part of joe paterno's legacy here at penn state. he is certainly beloved among everyone here. fredricka? >> susan candiotty, thanks so much. we'll hear from you later on at 2:30 eastern time. >>> join me at that hour. we'll have more on the late joe paterno. we'll also examine the week ahead in the 2012 presidential race following newt gingrich's win of the south carolina primary. i'm fredricka whitfield. "fareed zakaria gps" starts right now. >> this is "gps, the global public square." welcome to all of you in the united states and around the world. i'm fareed zakaria. first up, private equity. the words are on everyone's lips thanks to mitt romney. we'll sit down with one of the inventors private equity, the co-pounder of the legendary carlyle group, david rubenstein. then i have a lot to talk about with an all-star panel. ariana huffington, steve rattner, david frum and mort zuckerman. next up, what do the shipyard in tahrir square have in common? a lo

that's a hilarious argument made by george herbert walker bush from andover and yal to some extent.to this day bush talks about elitists. the fact that newt ggrich is able to attk elitists having been the speaker of the house of presentatives and being paid a million dollars as a historian-- where availae, if anyone's watching from government-- (laughter) >> rose: but there's a good point about that. because romney today said let's see the contract. let's see the contract. isewt vulnerable on that issue? >> no. i think every time mitt romney and his team roll out some attack that looks like it comes from the establishment or looks like it comes from players in washington, d.c. or looks like it comes from the conservea sgshgsencia, newt gingrich looks like an outsider. far guy that was a speaker of the house and every time he does it, if i were ne gingrich-- which he does very well-- he says of course they're against me. of course the establishment is against me because i represent you. i wlaept you want, your hopes, your dreams, your vision of where you want america and they're out

you have the new democrat bill clinton and george herbert walker bush.denly ross perot goes on cnn, larry king, and says i will run as an independent if i can be on the ballot in all 50 states. if i am drafted. i am not going to go out there and run the typical campaign. people want my ideas, the ones we talked debt the outset here, particularly balancing the budget and stopping of outsourcing of jobs. he was opposed to the war in iraq because he thought it was going to be a mistake. special forces should have gone in and killed saddam hussein. he watched his amazing third- party run and started soaring in the polls and became the darling of the summer of 1992. we will pick up the rest of the story in a little bit. >> let's show that larry king live interview where ross perot announces his willingness to run. >> let's go down to grassroots america were the people are hurting. people are saying, why are we in this mess? first of all, look in the mirror. we are the owners of this country. we do not act like the owners. we act like white rabbits to get prog

the way george herbert walker bush, i think with the advice of counsel at the time, pitched up a fight with dan rather, remember? in the beginning of the '88 campaign to go after dukakis. it really worked for him and it may work for newt. what do you think? >> well, it's certainly going to work for him in south carolina. contrast that, chris, with mitt romney's episode from yesterday when he confronted the occupy protesters. and i thought tried to have that sort of moment to put them in their place and put them down. it was awkward. it didn't work that way. gingrich is good at this sort of thing. romney isn't. and that contrast was pretty stark. >> you know, howard, this morning i thought that joe scarborough had it nailed. he said he speaks with the grievance of the republican party. not just anger but grievance. a set of particulars. he began to do this back in the '80s with tip o'neill. he began to complain. we have been pushed around too long under bob michael. we have been screwed in the rules in the house. we have been abused. it's time to fight back. even people in those days, m

george herbert walker bush was faced with a primary. we have seen other historical examples going down. president carter certainly was very challenged by the kennedy primary. he did win new hampshire but it set him back. host: independent line, welcome. caller: good morning. host: go ahead. caller: thank you for taking my call. mitt romney says held great he wants this country to be. he has a five boys. how come nobody asks him why he is not in the armed forces? shouldn't they join the army to fight these wars? guest: well, the caller has an interesting point. in new hampshire voter can walk into a town hall meeting -- a governor romney is doing one today about 2 miles from where i sit. they can go in and ask him that type of a question. they are legitimate questions. new hampshire is not scripted or one single press conference or television ad for the rest of the day. it is a series of town hall meetings where a person can come off the street and asked that question. that is what makes our primary very unique. candidates are challenged

but bob teeter, the late bob teeter who was george herbert walker bush's pollster and campaign manage never 1992 when president bush lost re-election to president clinton in large part because of the economy told me that, and everything else we learned since has confirmed it, that it takes a full quarter of good news, three months before people start to perceive a change in their economic outlook. and in other words, the economy was improving enough in 1992 but voters didn't feel it that way. if it's going to be good news, this is the time for the obama campaign for it to begin is in early 2012 and to continue through the election. otherwise if the economy is going to be a real political liability for the white house. >> woodruff: david, what b let's tuck about the fallout from iowa. how much of one is there? how much are new hampshire voters paying attention? we heard gwen talk to that group of voters about it. but how much does it matter that romney came in first by 8 votes, santorum right behind? >> well, friday has been a very good day for mitt romney. the poll in new hampshire ha

i watched pat buchanan in '92 and '96 once taking on george herbert walker bush and i'm getting about 37% and smashing bob dole against the pollsters. what's happened is a lot of the polling up there assumes that new hampshireites are a bunch of granite state yankees when in fact they aren't any more. they're irish and italian people that don't like big government. as tip o'neill used to say in new hampshire ey don't even like parks, they don't like government. what you'll see, watch santorum maybe pick up that buchanan vote up there against the establishment and really put on a challenge, perhaps, with gingrich's help against the yankee, if you will, mitt romney, it could be very fascinating and just a four or five-day race but it will climax saturday night in that abc debate and have the follow-up on sunday morning with david's show "meet the press." you'll see an attack like you've never seen from newt to the benefit of santorum. it's going to be fascinating. this thing is wide open. >> he has a heck of a wing man. no question about it and santorum goes into new hampshire, no press

i'll be fascinated by what he says tonight because i can remember that george herbert walker bush when he won here in 1980 and upset ronald reagan the favorite said i have big mo. that meant nothing to voters. he was talking about his campaign. david is absolutely right. that's a key moment tonight. what does rick santorum say? he's introducing himself to the nation tonight with what he says. they have to be careful. if they go after ron paul, if mitt romney goes after ron paul, which he hasn't done. he's been very careful not to. they're running the risk are of a third party. nobody thinks that a third party challenge led by ron paul is going to do anything except re-elect president obama. >> woodruff: david, i'm throwing out the questions that have occurred to me as i'm listening to you. are these the same candidates they were when they started campaigning in iowa? i mean, have they modified what they are talking about? >> ritate romney is the same. he's cruising. don't embarrass myself. don't commit to anything i'm going to regret in the fall. he's stayed very disciplined. rick sant

former advisor to president george herbert walker bush, todd bukholtz and alexis mcgill johnson, executiven values institute. good morning to you. we got a busy day here on the curvy couch. first of all, the president right there said millions of jobs. as it turns out, fact checkered says he was about a million jobs off. we've got some other things. first up, let's put up the cost of gas. during his presidency, it has gone up 84%. when it comes to the cost of health insurance, it's gone up 19%. supposed to go the other way and when it comes to the national debt, it has gone up -- ok, health premiums. there you go right there. up 19%. ultimately. and the final graphic we're going to show you is the national debt. it has gone up 43%. all right? dick armey, let's start with you. >> first of all, it's pretty clear that his policy while it's big dollar denominations has done absolutely nothing. probably spinning in his grave in disgust with these folks that don't get it. second, if you look at his micropolicy, you have a clearly tractable destruction of jobs. start with the keystone pipeline. >

republicans will have to go to dinner with those serving them, but as you well know, george herbert walker bushsed mitt romney. i think the bush family will come around and embrace mitt romney if he becomes the nominee as well. >> you asked would he be more more filledable? the answer would be how would people treat his last name? >> yeah, would the american people want a third bush in the white house? good point. thanks very much. don't go away we have more to discuss. >>> president obama is now in full campaign mode, trying to rally supporters. we're going to hear his new message to democrats. that's coming up. >>> plus a hard-learned lesson from a long ago campaign. details from the dukakis mistake, that mitt romney says he doesn't want to make. when i grow up, i want to fix up old houses. ♪ [ woman ] when i grow up, i want to take him on his first flight. i want to run a marathon. i'm going to own my own restaurant. when i grow up, i'm going to start a band. [ female announcer ] at aarp we believe you're never done growing. thanks, mom. i just want to get my car back. [ female announcer ] d

. >> last time a gop race was this close was 1980 when george herbert walker bush edged reagan by just over 2,000 votes. bill whittaker tracked the iowa returns through the night and joins us this morning. good morning, bill. >> good morning. this race was so tight it wasn't even decided until 2:30 this morning. they just don't get any closer or more dramatic than this. >> game on. [ cheers and applause ] >> reporter: a late surge by former pennsylvania senator rick santorum pushed him from near obscurity to near victory, thanks to passionate support of social conservatives. >> i have survived the challenges, so far, by the daily grace that comes from god. >> reporter: in a nailbiter of a caucus fight, mitt romney squeaked to victory. the former massachusetts governor, at first indifferent to iowa, made a big and ultimately successful final push. >> we're going to change the white house and get america back on track. >> reporter: libertarian leaning texas congressman ron paul finished third. >> the movement is going to continue. we are going to keep scoring just as we have tonight. >>