Skip to main content

tv   Fareed Zakaria GPS  CNN  May 6, 2012 10:00am-11:00am EDT

10:00 am
next up, the great historian robert carole on the president he has spent almost 40 years studying and writing about. why lyndon banes johnson could get things done in washington and the lessons for today, and is china changing? from a company into a country. i'll explain. first, here's my take. whatever you thought of president obama's speech on afghanistan this week, it is now increasingly clear that the united states is winding down its massive military commitments to the two wars of the last decade. we are out of iraq and we will soon largely be out of afghanistan. threats remain, but they are being handled using special forces and intelligence. finally, after a decade we seem to be right sizing the threat from terrorist groups. or are we? we leave the battlefields of the greater middle east, and we are firmly committed to the war on terror at home. what do i mean by that?
10:01 am
well, look at the expansion of federal bureaucracies to tackle this war. since september 11th, 2001, the u.s. government has created or reconfigured at least 263 organizations to tackle some aspect of the war on terror. 33 new building complexes have been built for the intelligence bureaucracies alone, occupation 17 million square feet. the equivalent of 22 u.s. capitals or three pentagons. the largest bureaucracy after the pentagon and the department of veterans affairs is now the department of homeland security, which has a work force of 230,000 people. the rise of this national security state has entailed a vast expansion in the government's powers that now touch every aspect of american life, even when seemingly unrelated to terrorism. some 30,000 people, for example, are now employed exclusively to listen in on phone conversations and other communications within
10:02 am
the united states. in the past the u.s. government has built up for war and assumed emergency authority, sometimes abused that power. yet, always demobilized after the war. this is, of course, a war without end. so we continue to stand in absurd airport lines, turn down the voo visa applications of hundreds of thousands of tourists, businessmen, artists, and performers who simply want to visit america and spend money here and become ambassadors of goodwill for this country. we continue to treat even those visitors who arrive with visas as hostile aliens, checking, searching, and deporting people from airports at will. we continue to place new procedures and rules to monitor everything that comes in and out of the country, making doing business in america less attractive and more burdensome than in most western capitals. we don't look like people who have won a war. we look like scared, fearful losers. let's get started.
10:03 am
zi am now joined by martin wolf, and ron of time making sfwleen. rona, first the jobs numbers say every few months we go through reading these tea leaves. the numbers seem a little worse than people were expecting. unemployment, on the other hand, dropped, but that's because fewer people are looking for jobs. what do you make of it? >> i think this is continuing what we've seen in the last few months of this wimpy recovery. you know, we are in recovery. the unemployment figure is ticking down. we don't really feel like it. you know, income is still very flat. there's a lot of slack in the job market. i think what's interesting is where the numbers are weakest. we're seeing a lot of public job cuts still particularly at the local and federal level, and i think you may start to see some of the weakening of exports, particularly off the back of a slowdown in emerging markets. >> what do you think? >> i agree completely with that.
10:04 am
basically i believe for years we were going to see a very weak recovery from a huge financial crisis when a large part of the world was in financial crisis. now the meerjing markets are slowing as well. it's almost inevitable that we're going to see a very disappointing recovery, very disappointing recovery in the jobs market without much stronger demand growth and there's nothing -- nothing there to generate that. >> martin, the thing that people worry about is europe now because it seemed as though europe had sort of temporarily solved this crisis or at least given itself breathing room. mario knew the head of the ecb came in, provided liquidity, provided cheap loans to banks, so there wasn't going to be a leman-like moment where there was going to be a run on the banks. s people breathe aid sigh of relief. all of a sudden people like you are worrying a lot again. why? >> i never believed the argument. essentially, he provided a lot
10:05 am
of liquidity, and that prevented what was surely going to be an implosion of large parts of the euro zone banking system, and that stopped a disaster. that's a very good thing, but the underlying situation remains the same. we have governments with very serious debt problems and huge deficits they have to finance. or these huge roll-overly problems in the case of italy. who is going to finance them? basically their own banks. their banks are under enormous stress even now. they can't bias et cetera for that limit. we have very weak economies. we have rising unemployment. the spanish data horrendous. close to 50%, youth unemployment. that makes politics terrible everywhere. the politics gets into the markets. the debt market gets worse because people look at the political stress. this is going to go on for years. >> but is there a danger that there will be an implosion or an explosion? >> there is a danger. you can see it in which we can get recurrent crisises that will
10:06 am
be political crisises. electrics of governments which a is a we don't want to do it. that will create a political crisis. that will get into the debt markets. there will be friction among countries. there will be endless summits, no doubt, and, of course, any load is possible that one of these will blow over, blow up. it will be become unmanageable, and people know that. the stresses will go on for years. when you are -- have a patient that's under tremendous stress for years, constant recurrent little attacks, one of them might be fatal. >> the new normal in europe is going to be this roller coaster of constantly feeling like you're on the edge of an economic feltdown. >> i think the mrixz of fragmentation are extreme. there were 8,000 police on staff in barcelona during the latest european central bank meeting. i mean, when there are as many police at a central bankers meeting as there are at a european football match, you know you have problems. >> you were always pessimistic about the british experiment with austerity. you argued that they were
10:07 am
cutting too much, that they didn't need to, that they could borrow. now we have data that shows that britain is in a technical recession. first major economy to have a double dip recession in 40 years. does this mean this whole experiment with austerity in europe was a mistake? what could countries like greece and spain and portugal and ireland do who did have bond marks telling them you have to get your budget in order? >> i think it's crucial to differentiate countries that can borrow from countries that can't. in the case of the europeans, i think the odds are worse to have greater support from the center. you can impose so much austerity on these countries. >> which means you want germans -- >> you need some form of euro bond. basically you need common fiscal support in the monetary union. >> you need a federal system in a federal union, which is what they have. the problem is here we have states essentially. they're not really countries anymore, which can't borrow themselves. the interest rates are so high that it puts them into a crisis.
10:08 am
doesn't give them the time for their economies to adjust, which takes years. you need some form of support, and the only way to do that is at the center. because that's not being provided, they had no alternative but to cut, and that makes the crisis actually worse. britain is a different situation. for us it was voluntary, and the result has been exactly what i had feared it would be. added to some really rather unfortunate shocks. i think the british government locked itself mistakenly into a five-year program, far too rigid. you need more flexibility sfwloosh basically what martin is saying is whatever the mechanics nichl that europe needed more stimulus and less budget cutting. is that fair to say? you are saying germany should have given the stimulus. >> they couldn't finance it. >> i completely agree with that, and i agree, again, that euro bonds were need and that more of the fiscal union was needed. the time for that was several years ago. the politics of this just get more and more difficult with every passing month. i completely agree that if you are going to be together in a
10:09 am
union, it has to be a real union, an economic union, a political union, and europe is not there yet, and that's where we have this politics of fraying meantation. >> you wrote a color story about what you were going to see in europe was rising protests because of all knees budget cuts. >> you will be seeing increasing threats, not just in france but elsewhere. i think that the world is getting bumpier all the time. i'm particularly concerned about what happens in france and germany because if those countries go into recession, if their situation gets much worse, that's really what could potentially affect the u.s. >> germany, that's -- imf growth forecast says that even over the next five years, even germany's groelt is only going to be 40% of u.s. growth, and they don't predict very strong u.s. growth. the engine that was powering europe, is itself slowing down partly for demographic reasons. >> i think the main reason is it's not an engine. the problem is that germany is
10:10 am
competitive, but the engine was always demand growth elsewhere because germany is so dependent on the growth of exports. >> germany is the china of -- >> germany has now insisted extraordinarily foolishly that everybody else in europe, and remember, the rest of europe is still far and away its biggest market. >> i think it's a foolish policy, and it's having exactly the consequences you would expect and the u.s. will, i think, without doubt unless they go crazy in the end of this year on these ludicrous fiscal cliff that the u.s. has planned for itself. unless something crazy happens, and i expect the u.s. to be the strongest large developed country over the next several
10:11 am
years. >> martin wolf, rona, thank you very much. as always. when we come back, we have somebody who has written a book that defends the 1%. the case you haven't heard when we come back. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪
10:12 am
but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. i was worried it would be hard to install. but it's really easy. the better i drive, the more i save. i wish our company had something this cool. yeah. you're not... filming this, are you? aw! camera shy. snapshot from progressive. plug into the savings you deserve with snapshot from progressive. with these new depend real fit briefs,untry and today we are surprising pro football all stars. there's wes, clay and demarcus.what's up guys. now i know you don't need one, but would you try these on for charity and prove just how great the fit is? seriously? no way for charity? let's do it! yup... they're doin it. the best protection now looks, fits and feels
10:13 am
just like underwear. let's go drive, use the legs... nice teamwork! they tried on the new depend real fit. get a free sample so you can too. every communications provider is different but centurylink is committed to being a different kind of communications company. ♪ we link people and fortune 500 companies nationwide and around the world. and we will continue to free you to do more and focus on what matters.
10:14 am
my next guest is perhaps the most hated book of the year. "unintend the consequences" goes again the grain in arguing that the rise of the 1% is actually good for the 99%. the author says that contrary to what the occupy movement might say, inequality does have its benefits. ed connor is here to explain. he is a former managing director at bane capital.
10:15 am
yes, he worked closely with mitt romney and is now one of his top doneors. he joins me now. so, ed, let's start by just -- explain to me why is the rise of the 1% good for the economy? >> sure. it's not really the central focus of the book. the book is about how to get the economy to groet faster. that growth in the long run is powered by innovation and risk taking and part of what the book argues is that the payoffs for risk taking are essential to getting more risk taking in this economy, and that that's good for the 34i8gdz class and the working poor. >> so you want -- you want people to invest, take risks with their capital so that you spur innovation? >> yes. although i think the economy has changed significantly from where it was in the 1950s when capital investment to build an automotive industry and a highway system were essential to growth to one today where 13 guys and a computer can create instogram, and it's powered more by risk taking than it is by the
10:16 am
funding of investment. >> let me ask you about the kind of alternate view, let's say, that somebody like robert reich would present, which is the problem with our economy has become that because of this inequality, what you have is enormous gains going to the top 1%, and that they can't consume all that much. you can't at the end of the day you can't consume, you know, $5 million a year, $20 million a year that people are making, and that the result is that the economy lacks the kind of juice it would have if you had more middle class consumption than actually precisely what your law is celebrating, which is that the rich have all this money to spare is the problem that you have a deficit of consumption, sure, because you don't have middle class incomes and the wage is rising, and these guys, can't power the economy, and they are the 99%. >> it's classic argument made by many people, to be sure. i believe that the current recession stems from a mistaken diagnosis of the financial
10:17 am
crisis and that has led to a reduction in risk taking and consumer demand and that until we change that diagnosis and reorient the financial sector, we will have a slow recovery. >> leaving aside the economics, do you see how the politics of this tone of the book is going to rub people the wrong way, because it sounds like sometimes you are saying, look, just let the 1% get richer and richer. they are making investments that are good for everybody, and it's you middle class folk who are actually not pulling your weight in the economy. >> well, the tone of the "new york times" article is going to get everybody antagonized, which i suppose is great because it will sell more books. it hardly says that the middle class is not pulling their weight. if anything, it says that the most talented people are not pulling their weight because they need to take more risk and find more innovation to accelerate the growth in the economy. >> how do you do that? >> he think one of the things you do is you don't reduce the payoffs for risk taking. how do you get people to take the risk that 99% of the time
10:18 am
what they're trying to do is get to get pruned away, and they'll be set back as a result, and that's what we want to happen in our economy because the opportunity for innovation has changed dramatically. we're not exploiting the value of capitalizing and the value of cars today. we are 13 guys and a computer can create enormous value, so when it comes to what happens to the distribution of income in the economy, we need a million steve jobs. you know, getting one more of them or two more of them or three more of them in the short run causes some income inequality before we get enough of them where it changes course and goes in the other direction. i would say what's the priority? getting the economy to grow faster? getting more innovation to pump up employment and wages, or dampening down income inequality? i take the first over the second. that would be my priority, and i think it's beneficial to the middle class and the working poor. >> you worked with mitt romney for years. do you think he agrees with what's in this book? >> i think at the highest level he agrees with the book. he certainly celebrates
10:19 am
entrepreneurialism, risk taking to produce innovation. the book covers a lot of ground. there's lots of counter intuitive, even controversial things in the book. there's nobody who agrees with everything that's in the book except perhaps me. >> what do you think of mitt romney as an executive? >> i thought he was an outstanding executive. he is everything that you would expect him to be, and it's hard to watch the cartoon portraiting on the tv. he is brilliant wrash he has a deep understanding of how business works. he is great at consensus building. he is decisive when he needs to be decisive. he surrounded himself with the most capable people. he encouraged those people to challenge him and to challenge each other because there was enormous preparation when you went into the room to talk to him, and he had the highest level of integrity. he was only trying to do what was best in the long-term. >> but when you watch this guy on the campaign trail, particularly in the primaries, would they make you wince?
10:20 am
>> i think he does a great job, but let's be clear. he didn't spend his life making political speeches to the people. he spent a lot of time around a table like this with five or ten decision makers trying to get to the truth of a matter and make a very complex and difficult decision. he is not as practiced in that area as he could be if he had been a politician his whole life. >> so if he is as brilliant and has so much integrity, explain to me how he could at that republican debate when told if you could close the deficit and you would get $10 of spending cuts for $1 of tax increases, would you take it? and he said no. i mean, you know the math. surely the mitt romney you are describing understands that you can't close this deficit without more revenues. >> i say two things. the first is i don't speak for mitt romney. i speak for myself. i put forward my argument. the person who has to answer that question is obviously mitt romney. >> are there tough trade-offs to
10:21 am
be made? of course, there's tough trade-offs to be made. does he understand that? i'm sure he understands it. my view would be we would be lucky to get him to be making those tough tradeoffs because he would make them with more integrity and mosh drive for the truth than almost anybody i have ever worked with. >> pleasure to have you on. >> thank you. up next, what in the world? china scandals and how the past is changing the present in beijing. when we come back. tdd# 1-800-345-2550 let's talk about fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidden fees. tdd# 1-800-345-2550 and we rebate every atm fee. tdd# 1-800-345-2550 so talk to chuck tdd# 1-800-345-2550 because when it comes to talking, there is no fee.
10:22 am
fight both fast with new tums freshers! concentrated relief that goes to work in seconds and freshens breath. new tums freshers. ♪ tum...tum...tum...tum... tums! ♪ [ male announcer ] fast relief, fresh breath, all in a pocket sized pack. at bank of america, we're lending and investing in communities across the country. from helping to revitalize a neighborhood in brooklyn... financing industries that are creating jobs in boston...
10:23 am
providing funding for the expansion of a local business serving a diverse seattle community... and lending to ensure a north texas hospital continues to deliver quality care. because the more we can do in local neighborhoods and communities, the more we can help make opportunity possible. agents, when it comes to insurance, people feel lost. that's a dead end. don't know which way to turn. this way. turn around. [ woman ] that's why we present people with options to help them find coverage that fits their needs. almost there. whoo! yay! good work. that's a new maze record. really? i have no idea. we don't keep track of that kind of stuff. well, you should. [ male announcer ] we are insurance.
10:24 am
♪ we are farmers ♪ bum, ba-da-bum, bum, bum, bum ♪
10:25 am
zimplt the form over the blind chinese activest chen guangcheng has captured the world's attention. the event in much greater significance is the powerful party boss. the rise and fall is part of a much larger and potentially disruptive trend in china. the return of politics to the china communist party. we don't think of them as a political organization these days.
10:26 am
it's dominated by technocrats obsessed with economic and engineering challenges. these men and they are almost all men are comfortable talking about detailed economic and technical data laying out master plans for development, but they're not politicians adept at handling large crowds or palace intrigue. this apolitical cal system is a recent phenomenon, and the outcome of a conscious decision by the founder of modern china. mao preceded over a period of hyper politics. political purges, the great leap forward, the cultural revolution all designed to divide and destroy his opponents and consolidate his power.
10:27 am
it was against in back drop that the next great leader of china took power in the late 1970s. he was determined to end the high drama of chinese political life and focus on economic development. he turned the party into a professional organization that was run by technocrats. by 1985 the country's top leadership, its central committee was dominated by younger, college-educated graduates and the standing committee, the country's ruling elite were all engineers. the communist party of china, a party whose history is tied up with peasants, workers, and soldiers is now the most elite political organization in the world. fortwo decades china has been run like a company, not a country.
10:28 am
hooin china is, in fact, a country with a long history of politics, and eventually politics had to re-emerge. china has reached a level of growth and development. the big questions it faces are not technical engineering ones, but are philosophical ones. bo xilai represent thissed emerging reality in two ways. in a system of colorless man he was can i'ving and charismatic, and comfortable in front of crowds, eager to push himself forward and rubbed against the grain of consensus decision making. he also represented the new left, an idealogical movement that emphasized social and cultural solidarity, the power of the state, and other left wing pop list issues. whether he truly believed in these issues is irrelevant, like all good political entrepreneurs, he saw a market for these ideas and he filled it. bo's ouster is the most significant purge in the higher ranks of the party since
10:29 am
tienamen square, and the party will hope as after those events the party can return to its technocratic path, but china has changed too much. politics in china in the future could be a nationalist, populist. they will be messy and unpredictable like politics everywhere. for more on this see my essay in the latest issue of time magazine. up next, american history. how linden johnson wielded power and what we can learn from that today.
10:30 am
10:31 am
♪ it was the best day [ whooping ] ♪ it was the best day ♪ it was the best day ♪ ♪ it was the best day ♪ 'cause of you we make a great pair. huh? progressive and the great outdoors! we make a great pair. right, totally. that's what i was thinking. all kinds of vehicles, all kinds of savings. multi-policy discounts from progressive.
10:32 am
call or click today.
10:33 am
i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. i'm candy crowley in washington. fareed zakaria gps will be back in 90 seconds, but, first, a check of the top stories. french voters are deciding whether president nicolas sarkozy will keep his job. he is in a runoff today with socialist candidate francois hollande who had a small lead in pre-election polls. five 9/11 suspects were arraigned in a military court at guantanamo bay yesterday. the men refused to answer the judge's questions, causing a 13-hour courtroom session. their next hearing is in june.
10:34 am
a body has been found at the site of the kentucky derby. louisville police say the body was discovered early this morning in a barn at churchill downs. the discovery comes a day after the 138th running of the derby, which was won in the homestretch by i'll have another. if you had a clear sky last night, you might have been able to see this super moon. nasa says it's about 14% bigger and 30% brighter than other full moons. the super moon occurs once a year. those are your top stories. now back to fareed zakaria "gps." 35 years. that's how long two-time pulitzer prize winning author robert carol has spent researching, thinking about, and writing about the life of president lyndon b. johnson. the result of that extraordinary toil, other than two pulitzer prizes, 3,388 pages so far. he has just published the
10:35 am
passage of power, the fourth volume of his l.b.j. biography, and the 76-year-old is far from done. he says he will move to vietnam to write the next volume on the warriors. before he does that, though, he joins me today. >> great to be back. >> so in the last volume you had gotten to the point where lyndon johnson through this extraordinary skill he had at running the senate had passed the most -- the most important civil rights legislation since reconstruction, perhaps one of the most important pieces of legislation in american history. >> yes. >> then he begins his years as vice president, which is a huge letdown for a man who had really run washington. >> yes. he is humiliated by the kennedys. they look down on him, and they're afraid of him. they're afraid to let him on the leash. they keep him on a very short leash. he is, as you say, probably the greatest legislator in american
10:36 am
history. in the 20th century. they don't ask him for any advice on legislation. when he is invited to parties, like at bobby kennedy's hickory hill house, he is put at whattethle kennedy calls the losers table, and he know it's the losers table. they have a nickname for him in the kennedy white house. uncle rufus. he is humiliated and cut out of power completely for almost three years. >> and he and bobby kennedy particularly really hate each other. describe the first time they -- the meeting you describe. >> well, you say why did -- as a historian, you hate to use words as strong as hate, but it's not too strong to describe the feeling between lyndon johnson and bobby kennedy, and there were other reasons for it, but part of it was just chemistry. >> and then bobby kennedy becomes the second most powerful man in america, and is treating lyndon johnson, the vice president, as a nothing. >> as a nothing. johnson literally has to ask
10:37 am
kennedy's permission every time he wants to use a plane for a trip. every word and every speech that he gives has to be cleared by the white house. really by robert kennedy. he is humiliate -- one of his secretaries said the kennedys, they made you feel that they were in and you weren't, so in many ways johnson is just -- these are the terrible years of his life, you know? someone said it was like a great bull being put out to pasture late in his career. >> was part of it class? that the kennedys were seen as this upper class, harvard educated and johnson was not? >> well, in johnson's mind. you know, there's a reality to it also. jack kennedy went to harvard. a lot of the kennedy people went to harvard. london johnson went to southwest texas state teachers college. he describes that as the poor boys school.
10:38 am
i went to the poor boys school. you went to the southwest teachers college because you couldn't afford to go to the university of texas. and he knew that. all his life he knew he had been cheated out of an education, and he was -- he was ashamed of it. >> when you get to the assassination, take us through. what was it like for johnson? we understand so much about it, but give us the perspective from the guy who suddenly realizes with all the tragedy that he has just gone from being a nobody to being the most powerful man in the world? >> well, i'll start in the very moment. he is riding in the third car behind president kennedy. there is the crack of a gunshot. most of the people think it's a backfire from a motorcycle or a firecracker going on, but the secret service agent who is sitting in the front seat of johnson's car knows in the instant that it's a hunting rifle. he whirls around and grabs
10:39 am
johnson's right shoulder. johnson is hitting on the right side of the back seat. he throws johnson on the floor, leaps over the front seat, sprawl on top of johnson, and johnson -- and lays there shielding johnson's body with his own while the cars speed off to the hospital. johnson would later say he will never forget his knees many my back and his elbows in my back. he says to johnson as they put in to park at hospital, when we stop, get out of this car. we're not stopping for anybody. don't look around. we're going to get you to a secure place. they yank johnson out of the car. he doesn't even have time to see what is in jack kennedy's car, which is actually the president's body still lying there on jackie's lap. four agents run him through the corridors looking for a secure place. johnson, you know, fareed, doesn't know. he stands there for 40 minutes. no one gives him word. he tries to find out what president kennedy's condition is, and they just say the doctors are working on him.
10:40 am
after 40 minutes kenny o'donnell, who is a kennedy aide who loved jack kennedy, comes through the door and lady bird johnson was to recall in her diary that seeing the stricken face of kenny o'donnell who loved him we knew. the moment later another kennedy aide comes into the room and says to johnson, mr. president. it's the first time anyone has ever called him mr. president. so you say for 40 minutes the man who actually probably is already president of the united states is standing there. he stands almost motionless, standing against this wall. lady bird is sitting beside him. no one knows what he is thinking, but when he is addressed as mr. president, he starts immediately giving decisive orders. >> and he orchestrates the famous photograph that we have
10:41 am
all seen because he wants jackie kennedy to be on that plane flying back to washington. he wants the world to see that this was a peaceful transfer of power, but with the consent and in a sense the buy-in of the kennedys. >> he takes steps to do that. you also have to say, however, with lyndon johnson nothing is simple. you have to say there is another motive that he says is the motive. i'm not leaving her. they tell him -- the secret service says we're getting ow the plane and we're taking off immediately for washington because at the white house we can make secure. johnson says, no, you're not. i'm not leaving mrs. kennedy here, and they say to him, well, she won't leave without the body -- her husband's body. he says then we'll wait on the plane for her and the coffin to come aboard. it's also true that he wants jackie kennedy beside him when he is taking the oath to show, just as you say, the continuity. and she realizes this too.
10:42 am
you know, when ken o'donnell says lyndon johnson wants you beside him, she says something -- her exact quote is in the book. for history's sake, that's what i should do. >> when we come back, we will ask robert carol what johnson was like as president, how he was able to pass more significant legislation in his first few years in office than perhaps any president had been able to in history. and whether one can wield that kind of power in washington today. when we come back. [ pilot ] flying teaches me to prepare for turbulence. the key is to have a good strategy. the same goes for my retirement. with the plan my financial advisor and i put together,
10:43 am
a quick check and i know my retirement is on course. [ male announcer ] with wells fargo advisor's envision plan, you always know where you stand. in fact, 93 percent of envision plan holders say they will retire on their own terms. get started on the plan you need today -- wells fargo advisors. together we'll go far. or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in new credit to small businesses across the country last year. because the more we help them, the more we help make opportunity possible.
10:44 am
[ roger ] tell me you have good insurance. yup, i've got... [ kyle with voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. [ kyle ] nope, i've got... [ kyle with voice of dennis ] ...the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have...[ roger with voice of dennis ]...allstate. [ roger ] same agent and everything. [ kyle ] it's like we're connected. no we're not. yeah, we are. no...we're not. ♪ the allstate value plan. dollar for dollar, nobody protects you like allstate.
10:45 am
10:46 am
we are back with robert carol, the author of the monumental biography of lyndon johnson. talking to him about how to wield power in washington today. so johnson becomes president, and you point out that he picks a small bill he wants to pass because he wants a clear victory. explain. >> you know, congress has stopped presidents. after the supreme court fight of 1937 franklin roosevelt is never able to get a major piece of domestic social welfare legislation through congress.
10:47 am
neither is truman. congress has stopped presidents. johnson picks. hes what the kennedys haven't even let him know what's going on in the legislative process about kennedy's civil rights bill. he has to say to ted sore enson, i don't know what's in the bill. i have to read it in the "new york times". he says what's on the agenda? and the republican conservatives have introduced the bill that would limit the president's authority on a minor thing. a weak deal with russia. johnson doesn't see it as minor because lyndon johnson is a legislative genius. he wants to teach congress a lesson that there's a new man in charge now. he says i want to murder this bill. although he gets the majority, he stays up most of one night making telephone calls threatening, bullying, getting
10:48 am
more votes until he does win by an overwhelming margin. the headlines say johnson defeats congress, and johnson says in his memoir -- and this is a correct statement in my opinion -- at that moment the power in washington began flowing from congress back to the white house. >> how would you contrast the leadership styles of kennedy and johnson? >> well, you know, john fitzgerald kennedy had a greatness about him. i mean, he pulled this country through the cuban missile crisis, and we know now and you know very well how close we actually came to nuclear confrontation. something beyond confrontation. he inspired the country. he was in the peace corps. he made people -- he brought out the best. what he didn't have a good record of is passing legislation. lyndon johnson was clumsy.
10:49 am
he was awkward. he was a terrible speaker. but what he could do -- you know, he says it's time to write it in the books of law. that's part of the job of a president too. to write it in the books of law. no one was ever better than johnson at doing that. >> now, contrast the style of lyndon johnson with this enormous legislative accomplishment with the style of barack obama as you have seen him. >> well, i know i'm supposed to say that there's this great contrast and obama hasn't done enough, but i don't happen -- i feel obama was faced with some real problems that we hardly remember anymore. the extent of the financial crisis. i happen to think he has made great strides. people find a lot wrong with health care legislation, fareed. as do i. the bill that's passed. i keep wering something that lyndon johnson said.
10:50 am
once we pass it, it's -- we can always go back and amend it. i feel it's an accomplishment to get a health care. >> he delegated too much of the stimulus or even health care to congress that do you think he should have been more active, or, i mean, the alternative views, look, the republicans are very strong. the important thing is to get something done. would johnson have taken a more activist role? >> i can -- you can answer that definitely. johnson would have been on the phone every minute with the leaders of congress. to watch him work on people, you know, everybody says johnson was always talking. not so. you listen to him on with -- when he wants somebody -- when he wants something from somebody, he -- he will let the senator talk and he will let the senator talk, and all you hear from johnson sometimes is uh-huh, uh-huh. until he hears what he wants to hear. what's the lever he can push
10:51 am
with this guy? what does he want? you know? then johnson starts speaking. you know, in this book kennedy has a tax cut bill. it's snarled in the finance committee. someone calls him at, like, 12:00. exactly. they said knee just broken for lunch, and we're three votes short. johnson says who are they? the guy names the three senators. johnson says to his secretary, get them on the phone for me one after the other. one is abe ribicott. he said, abe, i put ow whatever committee. he says i want you to help me. he says, well, i have already persuaded my constituents. i'll lose face. lyndon johnson says to him, you save my face today, i'll save your face tomorrow. he knows that johnson is a bad man to cross, but a good man to have on your side.
10:52 am
one of the other senators wants something, has to do with a mineral bill. johnson says he will give it to him. in 14 minutes if i have that right, the exact time is in my book, he has turned these three senators around. if you want to know a contrast in style, i mean, lyndon johnson was a contrast with everyone else. he was the greatest legislator certainly since roosevelt and perhaps even including roosevelt. he was a legislative genius. it seems impossible to pass a voting rights act in 1965. he does it vote by vote. it's almost -- you know, if you care about my books. my books are really about political power. if you care about political power, you say there never was a man with a talent -- a talent that is beyond a talent a gift that's beyond a gift. there never was anyone who could do this like johnson. >> robert carol, fascinating as always. up next, why a nation is taking out its anger on a dummy?
10:53 am
i'll explain. there've been so. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ the key is to have a good strategy. the same goes for my retirement. with the plan my financial advisor and i put together, a quick check and i know my retirement is on course. [ male announcer ] with wells fargo advisor's envision plan, you always know where you stand.
10:54 am
in fact, 93 percent of envision plan holders say they will retire on their own terms. get started on the plan you need today -- wells fargo advisors. together we'll go far. fight both fast with new tums freshers! concentrated relief that goes to work in seconds and freshens breath. new tums freshers. ♪ tum...tum...tum...tum... tums! ♪ [ male announcer ] fast relief, fresh breath, all in a pocket sized pack. [ male announcer ] fast relief, fresh breath,
10:55 am
morning, boys. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today.
10:56 am
this week president obama became the first president to ever deliver a televised address to the american people from a
10:57 am
war zone. that brings me to the question of the week, which american president delivered the first ever televised address from the white house? was it president, a, roosevelt, b, truman, c, eisenhower, or, d, kennedy? stay tuned, and we'll tell you the correct answer. go to cnn.com/fareed for more of the gps challenge and lots of insight and analysis on our website. also, you can follow us on twitter and facebook. and, remember, if you miss a show, go to itunes. you can get the audio podcast for free, and you can now buy the video version. go directly there by typing itunes.com/fareed into your browser. this week's book of the week, of course, is by my earlier guest robert carol. it is his latest, the fourth volume of his biography of lyndon banes johnson. this kun is called a passage of power. the details especially surrounding the death of president kennedy are breathtaking, but the bug of the book is about how lyndon johnson
10:58 am
wielded power from the white house. it is told in riveting detail and makes for a fantastic read. now, for the last look. in today's globalized world, we sometimes forget how intense the hostility between nations can be, especially when one of them is a paranoid dictatorship. watch this. from north korean state television. an angry mob in pyongyang. what are they angry about? the crimes of this poor effigy which happens to be that of south korea's president, but, no, death by hanging isn't even enough for the dummy. so they have set attack dogs on it. not enough? try a big bad military tank. didn't do the job? don't worry. this isn't a human. it's just plastic. now they throw rocks at the dismembered head. finally, job done. one hopes. it is a mysterious country,
10:59 am
north korea. we rarely get pictures from there, but i guess this is how they want the world to see them. the correct answer to our gps challenge question was, b, on october 5th, 1947, president harry s. truman went on television to tell the american people that they should eat less. really. now, you might say that that's a message we could hear even today, but it actually wasn't for health reasons that truman was saying that, but, rather, for humanitarian reasons. the people of western europe were starving and truman announced that america would send grain surpluses overseas. thanks to all of you for being part of my program this week. i will see you next week. stay tuned for reliable sources. it was a rare moment of national unity one year ago when the man behind 9/11 was killed. now a divisive media debate is raging over whetherar

100 Views

info Stream Only

Uploaded by TV Archive on