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Government responsible for the stock market.is it is it responsible and some people say that's the state of new york and that's frankline roosevelt. >> here's what i didn't understand two or three years ago.en when david said that depressions were sickly call, the cyclical,. it's the creative processing.itc it comes up, it crashes, and it comes up and it crashes and ites comes up and it crashes.. we were having them about everyl ten years. we had them for every ten years all the way along.omy as the economy started to grow and as we were becoming more and more interdependent, it would happen b...

Potomac doing this. it's the people in school districts and at the state level doing t. and therapy getting the job done in a wonderful way, and illiteracy falls by half in that decade. >> okay. we're going to stop here and take a break.e will we're going to take you from 1927 to the great depression. what happened? it was going well. is it that we had too small of a government? back in just a second. [applause]

>> roughly about half. >> and he reduces the national debt.debt. >> so he is totally transforming america back to where closer to where --of >> fiscal solvency and getting out of the way so the economy can grow. >> we were talking about how this transformed.u do you don't have to think about the great gatsby. let's think about how the lives of average americans changed and the lives of average americans,1 1920, nobody really has a car. . by the time he leaves office,av three times the amount of peoplo or three times the amount ofhe cars on the road which was an it expensive item. it's not that...

The measure is often what you avoid.s was he progressive at all, wasey there any part of him progressive because he didn't seem -- progressives on the n' republican side tend to go outbn and do war, but war as americans led by americans.merica. theodore roosevelt where the progress as i was on therac si democratic side go on and do war under an international umbrellab so was he progressive at all?ll not just on war? war? >> i would say he was liberal ir the classic liberal sense, that is, he stood up for the individual. >> he was lib tearan.ibrian >> he was liberal in the european sense which ...