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What he does in the campaign i think, particularly in the first couple of months still seems to be something of an open question. there's a desire from the hillary clinton campaign to have her in smaller events perhaps that means he ends up in bigger events. they also want to build out her biography as an individual separate from bill clinton. she's obviously going to be associated with him, but they want people to get to know her. so that could argue for a lower profile role particularly at the start of the campaign. >> it also would argue for keeping him not only from overshadowing her but a...

Beefs up missile defense in alaska, it will come online in 2017. so that is four years from now. i think north korea could act before that if it had a mind to. this is now almost 20 years, bret, since the crisis so to speak on korean peninsula broke out in first clinton term. this has been going on and on since that time. heading to perpetual extortion or miscalculation and break sooner than we would like. >> bret: representative franks had a statement released today. it's unfortunate it has taken multiple missile test by the same rogue nations if for administration led by the same president i...

Capital gains. the capital gains tax is a blunt instrument. i don't mind preferential treatment for capital gains because if you invest and create jobs, that's a good thing, and we need that. the problem is that the big banks, for example, invest in things like credit default swaps pushing all this money around, it's like the carried interest. carried interest for real estate makes sense, but carried interest for a lot of other things doesn't. so the problem is, the republicans are right. we really do need a tax overhaul. >> we do. >> to get rid of some of this. >> yep. >> this big-scale stuff...

Successful are you going to be. >> does it matter, though? this is a genuine question. the abilities of that person who has that role, does it matter how good they are at doing that thing in resolving these conflicts or projecting u.s. power or whatever it is? >> so second clinton term, arguably you couldn't have had kosovo and wouldn't have ended as good as it did without madeiline albright. so yeah, it does -- on the one hand, increasingly the president is his own secretary of state and we're seeing that as a bipartisan trend. also, i take issue a little bit with the idea, not so much that a...

Opposed to following policy fights, but it is striking that we saw the president at that debate with mitt romney, where it quickly spiralled into the false fact check and the please proceed and everything. we saw the president at that debate and we saw the president again today sort of bring the room to a halt, stop everybody, and look really pissed. i have not seen that very much in covering him as president. are there instances -- you've worked with and around him since going back to 2007. is there a pattern to when he gets mad about stuff? >> well, he has only a certain tolerance for some o...