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Than it was now. >> i would have too. i totally agree with you. but where he cut rates this time, ali, he cut the corporate rates from 35% to 21%. you remember reagan cut the corporate rates from 46% to 34% and then george bush raised it to 35%. but over the years every other country in the world had been lowering the corporate tax rate so we were by far the highest in the oecd. cutting the rate from 35% to 21% was a big, big deal. >> except the loopholes, wouldn't it be great if we had a lower tax rate and everybody paid it. now we have a problem -- and i have great respect for you so i want ...

On that horizon knowing that confidence is with us. >> there it is, a little side by side comparison. let's bring in the friday panel. conventional wisdom going to be set here. before we get to the convention, how much, john harwood, do you think this jobs report stepped on the president's speech? >> not much. i think it's not helpful to the president. it's a weak number. but we've known the job market is weak. it would have only made a difference if it was catastrophically low, like negative. it's not much of an asset for the president and i think the, this was baked into expectations. >> it ...

Patti ann: . what are we looking at? >> reporter: yesterday, skwr*ep a we had this thing moving across cuba and making kind of a curve up towards tampa where of course we have a very big convention happen next week, and i'm sure they are all biting their nails wondering what is going to happen with isaac. in the short term we dakotas specht this to be a tropical storm, the name isaac. we expect it to be a hurricane. a tropical depression, getting better organized, conditions more favorable for development. taking a look at the track as of 11:00 this is the very latest as we head into wednesday...