carter glass, william martin, dwight eisenhower, george humphrey, douglas dillon, william simon, paul volcker, bill clinton, paul o'neill, and sheila bair. explain that. >> the last 80 years of fiscal monetary financial history, how we got into the mass of bubbles and the fiscal and monetary crisis of today. basically using the standard of threefold items. free-market, fiscal rectitude, which we balanced budgets, we do not make excuses for deficits because you do not think the economy is not performing up to your doctor and expectation, and not using the central bank and ordered to try to centrally manage the economy and, wall street and encourage risk-taking and all of that. these are not bad people and good people. these are good policies and bad policies in well-known careers. not one party or one doctrine. so i took these individuals as examples of fiscal rectitude, and that is why clinton is on there. that is why eisenhower is on there. i have a huge problem with defense spending. this is also why eisenhower is on there. on the other hand, using the government to inflate the econ

shortly after i got here, again with some heavy influence from george, i had the influence on the william simon chair. sidney weintraub. a lot of you remember sydney. 30 years ago he published his famous book, free trade with mexico? he raised the idea that trade with mexico could be a development engine. that would it would help to change the nature of the mexico and u.s. relationship. that was a vision. he saw that after years of working in economic support in the state department. state department ran trade in those days. he really articulated it persuasively so that a generation of american leaders were really thinking about what nafta could do. that made a big difference. there was one other component. the senior mexicanist. she was the senior on the mexican project. when nafta was on the horizon, she did something so well. she created the commission. nafta and beyond commission. she convened every former living u.s. president, every former u.s. secretary of state, every former u.s. secretary of treasury, and every former ustr trade representative, plus the top leaders from around the coun

shortly after i got here, again with some heavy influence from george, i had the influence on the william simon chair. a lot of you remember sydney. 30 years ago he published his famous book, free trade with mexico? that tradehe idea with mexico could be a developed. that would it would help to change the nature of the mexico and u.s. relationship. that was a vision. he saw that after years of working in economic support in the state department. state department ran trade in those days. he really articulated persuasively so that a generation of american leaders were really thinking about what nafta could do. that made a big difference. .here was one other component i asked another person that many of you will remember. senior on the mexican project. when nafta was on the horizon, so well.omething she created the commission. livingvened every former u.s. president, every former u.s. secretary of state, every former u.s. secretary of sdrasury, and every former u trade representative, plus the top leaders from around the country, who all came together to sign on to the importance of nafta and gett

jimmy williams, mark simon, jim, thank you. buy a coconut for me. i'm larry kudlow.ave a wonderful weekend, everybody. we will see you on monday. n sho- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. ♪ ♪ i wanna spread a little love this year ♪ ♪ i wanna spread a little love and cheer ♪ [ male announcer ] this december, remember: you can unwrap craftsmanship, inspiring capability, and some of the best offers of the year on our most versatile luxury utility vehicles at the lexus december to remember sales event. this is the pursuit of perfection. >> tonight on the car chasers... whoa! [laughs] >> black shelby. >> oh, my god. that is wicked. this looks like a rock star car. >> oh, this is a rock star ca

running out of oxygen can cause a blackout. >> trubridge: ( grunting ) >> simon: the sound you are hearing is william grunting ) >> simon: he's made it. but for his record of 410 feet to be ratified by the judges, he needs to perform three simple tasks when he gets to the surface---- take his goggles off, give the okay sign with his fingers, and say "i'm okay," in that precise order. sounds simple, but william's brain isn't working. he does these things in the wrong order. the judges disqualify him. >> linden wolbert: he took off the nose clip, made the sign, and said "i'm okay" without removing his goggles. >> simon: boy, oh, boy. he had just been down a quarter of a kilometer. >> wolbert: that's correct. >> simon: he did goggles in the wrong order and it cost him his record. >> wolbert: it did. >> simon: it sounds like a technicality, but he has to prove that his mind is as tough as his body. you got there. you got... you got deeper than anyone has ever gotten before. >> trubridge: yeah. yeah. >> simon: and then, you took your mask off and said okay in the wrong order, and it was all for nothing. >

with some heavy influence from george, i had the opportunity to work with someone who held the william simon chair here at csis, sidney weintraub. a lot of you remember sidney, 30 years ago published his famous book at the brookings institution, free trade with mexico, question mark, raising the idea that trade with mexico could be a development engine, that it could help not only to change the nature of mexico, but the nature of the mexico/u.s. relationship. that's vision. and he saw that after years of working in the economics component of the state department back when the state department ran trade in those days and really articulated it persuasively so that a generation of american leaders ten years later were really thinking about what nafta could do. and that made a big difference. but there was one other component, and that's another person that many of you will remember, dalal baer, and she was the senior mexicanist. she ran the mexico project then. and when nafta was on the horizon, she did something that csic then and now -- csis then and now does so well, she created the nafta an