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This who said two is extraordinary, but when you have three there, it really shows you mean business. that's obviously focused on north korea, but there's also a message to china, isn't there? >> well, there certainly is because our diplomacy with regard to north korea has rightly been focused on china, because china has overwhelming leverage -- david: forgive me, but the message is also kind of, you know, we are the biggest presence in the pacific. you may be there, you may be right there, but they only have, i believe, two carriers themselves. >> they've got one which is really a training ca...

Lot of weight, and he didn't have a lot of political weight inside and, frankly, in arizona either. was this just a matter of him pulling out not necessarily because of trump, but because of his own political situation? >> i think it was a lot of both, and i think people, people like senator flake, senator corker get blown over by these trump tweets. others like thom tillis said, look, i buy a box of popcorn, go up in the stands and watch. it's not going to change, right? but this is anish -- there is an issue i think the president himself should be aware of. i was very struck in the fox poll ...

David: by the way, stock market hasn't been doing too badly in the past year -- >> that's what i mean, yeah. david: it's been up to record levels. art laffer, great to see you. we needed your optimism. we needed a shot of optimism here, and we got it -- >> well, you got it, and i think it's going to be great, and i'm really looking forward to a very long, big boom in america. david: thank you very much. >> thank you, david. david: when we come back, watch out, changes to our 401(k)s could be another sticking point to the tax bill. so what should we expect when gop leaders release details next ...

Targeting the right causes of this crisis? >> well, let's start with what he did on thursday which is, basically, to declare it a public health emergency which is distinct from a national emergency which opens up fema -- david: and, by the way, democrats say it's not enough, what he did. >> right, exactly. this order is not accompanied by new funding, though congress could decide to appropriate it. i think we need to think seriously before throwing more money at this problem. basically, this is a multifacetedded social crisis that includes overprescribing. doctors need to get more educated on ...

There was an unprecedented increase in debt and an unprecedented pace of increase. so, you know, this is something that everyone is starting to talk about. even the governor of the chinese central bank talked about a minsk moment, the moment when asset values collapse. we had one in, you know, just before the crisis, right before what we call the lehman moment. china is heading to the lehman moment when everything falls apart. david: gordon chang, thank you very much. we have to take one more break. when we come back, hits and misses of the week. muck i. ♪ (cheering) a triangle solo? surpris...