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Big cuts in federal spending and then he is going to do base broadening but the base broadening only in the context of a big marginal tax cut, big reductions in federal spending, and then only with regard to upper income taxpayers. he said look. all the deductions are on the table. it's pretty specific and far more honest and up front than anybody else has gotten. >> all right. former republican senator jim talent from missouri. thanks for coming on this morning. >> thanks, chuck. >> the dow dropped back below 13,000. market rundown is up next. plus, an explosion of anti-american anger in afgh...

Speculated at the time. and of course no sooner did the olympic games end successfully and he got a lot of credit for it that he goes back to massachusetts. >> let's remember what it was. 2002 the games end as we now know, the tenth anniversary, mid february he launches his campaign for governor within weeks. >> yeah. within weeks. and uses this as part of his campaign for governor. in fact, we even found an ad that he was running in which he was talking about not just the olympics but how much in federal money he was able to get for the olympics. all of which nobody raised too many eyebrows a...

Olympics as a vast pork barrel project well before the 9/11 attacks took place and it involved money being pumped in for all sorts of things, not just security. repaved roads to the snow basin ski resort. light rail for salt lake. weather forecasting. a whole range of what is often described as pork barrel projects. now, to be fair to romney, most of that was put in by bob bennett the utah senator who was on the appropriations committee well before. but romney defended it. wrote a letter to the gao saying this is all entirely appropriate to promote peace was his words and he stepped up the acc...

Romney did his job making santorum seem like a washington insider and he decided and also tried to do some of his own biography but was also helped by a crowd that was clearly on his side. >> we were talking about this issue before of religious conscience and protections but this is -- the whole reason this issue is alive is because of the bill that you drafted in massachusetts, romney care, which was the model for obama care and the government takeover of health care. >> wait a second. >> but if romney struggled to sell himself and his own vision and his worst moments of the night were when h...

$100 million profit. but he had some major help along the way. the events of 9/11 occurred just months before the olympics were to start and the federal government decided to pump more money than ever before into the games. $1.5 billion. this money helped romney get out of the red and turn that profit and of course save the image of the state of utah and the 2002 olympic games. so while the bribery scandal was a low point, there was never a threat that the games would end. but maybe more importantly it helped burnish mitt romney's image and reignite his political career. joining me now is nbc'...