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>> i did. >> that clinton and the tax increases on his watch actually belie the laffer curve theory. respond to both of those criticisms. >> bill clinton was the biggest tax cutter of all. very close to reagan and kennedy. he cut government spending as a share of gdp by almost 3.5 percentage points, more than the next four peace time presidents combined. bill clinton got rid of the retirement test on social security. he put in welfare reform. the biggest capital gains tax reduction in u.s. history. he exempted owner-occupied homes from capital gains taxation. clinton did raise the two highest ...

Unemployment down by the time of his re-election, then 5% after that. then of course you identified the gdp boost. >> yeah, you know the thing is also very curious, gregg, is that he's using bill clinton as an example of his policies. bill clinton with us a great president, i voted for him twice. bill clinton was a supply sider, very much in the image of reagan. he cut government spending as a share of gdp. he got rid of the retirement test on social security. he had the biggest capital gains cuts in our national history. he had welfare where you had to look for a job to get welfare. he had th...

>> they have. the man who developed it, jose pineta. his brother is president of chile. and they have a fully funded system in chile and it's working terrifically. if you look at the countries in south america chile is as good if not better than any of the others. pill * in the 80s bill: in the 80s you worked on this with reagan? >> there was the greenspan commission which we extended the age of retirement from 5 to 67. -- from 65 to 67. we grew the economy like mad so there were far more contributions than there had been under carter and a lot less withdrawals because we had the retirement te...

And to me, the best form of welfare is still a good high-paying job and not a government bailout. and these bailouts don't work. they haven't worked. tax cuts are the way to go. tax rate reduction. >> along that issue i want to show you two stop charts of the s&p 500. first is from january of 1993 to january of 2001. the clinton years when the stock market basically tripled. the second category shows stocks in january of 2001, 2009 the worst decade for stocks in recent memory. which chart do you think represents a period when there were tax owes capital gains, ditch dend and income of rich peo...

Bill clinton is an economic friend of mine. mr. president, you are no bill clinton. here is art to say why. art? >>guest: yes. >>neil: what do you make of this? >>guest: you know, bill clinton cut government spending as a share of g.d.p. by more than the next four best presidents combined. obama increased it enormously. bill clinton reappointed reagan's fed chairman twice. you have bernanke in there doing crazy stuff. and bill clinton got rid of the retirement test on social security and he passed nafta through congress. and it was the biggest capital gains cut in our history. just amazing. pr...