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we're not looking for a new cold war. and i make no apologies, and we will compete. and we'll responsibly manage that competition so that it doesn't veer into conflict. paul: let's bring in seth jones, senior vice president of the center for strategic and international studies and author of the book, "three dangerous men: russia, china, iran and the rise of irregular warfare." seth, welcome. good to the see you again. so what lessons do you draw froa balloon episode, and should americans be reassured by the way it was handled? >> paul, i brought two major lessons from the balloon inc...

Champagne down pennsylvania avenue. There are only two places where americas popping champagne; the white house and the corporate boardrooms including trump tower. The gop tax scam is about bleeding the middle class dry to pad the pockets of Corporate America and the wealthiest 1 . Paul joining the panel, Wall Street Journal columnist and Deputy Editor dan henninger, columnist kim strassel and Mary Anastasia ogrady and Editorial Page writer kate odell. Why did they succeed on taxes when they failed on health care . Right. That is one question, because you would expect a failure to make it hard...

Of the past, and we are more than ready for a new generation to lead us into the future. [cheers and applause] we'll have term limits for congress -- [cheers and applause] and mandatory mental competency tests for politicians over 75 years old. [cheers and applause] paul: joining the panel week, "wall street journal" columnist dan dan henninger kim strassel as well as columnist and manhattan institute senior fellow jason riley. dan, what do you make of nikki haley's announcement and her opening case for her candidacy? >> well, it's probably good of somebody other than donald trump in and someo...

Pathological liar and gives me no pleasure to say that but it's true. we've president that is a racist who is a sexist, who is a xenophobe. paul: joining the panel wall street journal calmest and deputy editor, dan henninger and -- editorial board member kyle peterson. dan, we'll get to the rhetoric in a bit. what about, what are the assets that sanders brings to the campaign? >> well, he brings to the campaign that he walked in from nowhere in 2015 and 2016 and significantly challenged hillary clinton for the nomination. as well, people forget back then and most of the head-to-head polling th...

Pathological liar and gives me no pleasure to say that but it's true. we've president that is a racist who is a sexist, who is a xenophobe. paul: joining the panel wall street journal calmest and deputy editor, dan henninger and -- editorial board member kyle peterson. dan, we'll get to the rhetoric in a bit. what about, what are the assets that sanders brings to the campaign? >> well, he brings to the campaign that he walked in from nowhere in 2015 and 2016 and significantly challenged hillary clinton for the nomination. as well, people forget back then and most of the head-to-head polling th...