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Under 40% in the polls? how do you explain that? >> yeah. i think his -- if you could say the big failure of the year in contrast to the substantive accomplishments is his failure to sell himself politically to the american people. paul: still swing voters. >> he's still bumping along, and i think a lot of it is despite what is turning out to be a pretty significant record of achievement in year one, he often says things that even his supporters wish he didn't say, tweets things they wish he didn't tweet, and i thinkç it'a historically hostile media, but he's also given them an opening to at...

Going to be the big political story of 2018, what happens to this economy. because we have all of these suggestions in 2017. consumer confidence is at a 17-year high, unemployment is at a 17-year low, manufacturing is at a 13-year high of. it's as though we have just ova presidency. and so the question now is will that hold, and if it does, it's going to give a huge boost to this presidency's prospects. >> i think what we can be shul sure of is when -- absolutely sure of is when the private sector keeps more of its own money rather than giving it to government, by definition you're going to ha...

On streamlining, if he does anything with infrastructure, making it easier to build things in the u.s. again so you don't have a decade of environment aral impact statements and various -- environmental impact statements. >> well, you know, it's an interesting political question. if the economy strengthens, jobs continue to be created, that would0b the moment to do infrastructure, when the economy's healthier. but if chuck schumer tells his union supporters we're not going to do business with this guy, wait until we take control of the government, then we'll do infrastructure, i think a lot o...

And a normal kind of interest rate scenario, i think, will also be helpful for the economy -- towel. paul: okay. so you don't think that rising rates will necessarily slow down growth? >> not if it's, you know, taking the fed funds rate back to something that is historically normal. obviously, if you start to get into, you know, what it looks like in the early 1980s, that's a different ballpark. we don't have that problem. we don't have an inflation problem. and part of that, a big part of that goes to the private sector because, you know, all of the um improvements in productivity are part of...

Team is promoting american global leadership, returning it to a world stage. and what they've been advocating is peace, security, prosperity. they spentç the entire year reassuring allies of the same. in the indo-pacific, in the middle east and also in europe. and they've also demonstrated -- they haven't had a lot of crises, but they've demonstrated a willingness to confront our adversaries in a way that their predecessors, you know, were not willing to do. so i definitely think contours of a trump policy, national security foreign policy that clearly is right in front of us. paul: okay. no...