[ applause ] the reason i think it's wrong is we just tried it. we tried it in the decade before i took office. let's look at what happened. we saw us fighting two wars on a credit card. the tax cuts turned to a surplus into a deficit. the lack of regulation resulted in what happened on wall street and we ended up with the biggest crisis that we have ever seen. it ain't right. it's not a smart theory. i mean if we hadn't tried it before, you might say okay, let's give that a shot. but we just tried it. it didn't work. you know, if you look throughout