ONE-YEAR ANNIVERSARY VICTORY
LAP.
WE HAD A GOOD BEHIND US, LOOKING
NEIL: DIRECTOR, SOMEBODY IS
YAPPING TO SOMEBODY, RIGHT?
>> I CAME FROM THE HOUSE WHERE
EVERYBODY YAPS TO EVERYBODY.
THAT IS THE NATURE OF
WASHINGTON, D.C.
ALL I CAN TELL YOU SOMEONE
THERE, I'M IN THIS BUILDING
EVERY SINGLE DAY, SOMETIMES MORE
PRESIDENT, CHIEF'S OFFICE,
MEETING WITH CHIEF OF STAFF,
OTHER SENIOR STAFF.
WHITE HOUSE STAFF.
THE PLACE IS FUNCTIONING JUST
FINE.
WE'RE VERY PROUD OF THE WORKS WE
DID OVER THE PAST WEEKEND.
COULD NEVER HAVE ACCOMPLISH WHAT
WE DID WITHOUT HAVING EVERYBODY
FUNCTIONING AS A TEAM.
NEIL: YOU KNOW THE MARKETS OF
COURSE, A LITTLE SOFT TODAY SIR,
BUT THE FACT OF THE MATTER THEY
HAVE BEEN ON FIRE EVER SINCE THE
PRESIDENT'S ELECTION CERTAINLY.
SINCE HIS INAUGURATION.
TAX CUTS LOOKING FORWARD TO THEM
WITH BIG REASON, LONG BEFORE
THAT EASING UP ON REGULATIONS.
A LOT OF FOLKS SEEM TO THINK A
LOT OF REVENUE IS COMING INTO
WASHINGTON TO MORE THAN PAY FOR.
OTHERS ARE SAYING IT WON'T PAN
OUT, PEOPLE START SEEING NET IN
PAYCHECK NEXT MONTH, THEY WILL
BE DISAPPOINTED.
IT WILL COME BACK TO BOOMERANG
ON YOU.
WHAT DO YOU SAY?
>> NOT AT ALL.
WE EXPECT THE EXACT OPPOSITE.
WE'RE SO EXCITED, NEIL, ABOUT
THE STRUCTURAL CHANGES WE MADE.
THIS IS NOT A ESTIMATE --
STIMULUS.
THIS IS FUNDAMENTAL CHANGES TO
THE AMERICAN ECONOMY.
START WITH DEREG.
OFFICE OF MANAGEMENT AND BUDGET.
WITH WE MADE DEREGULATION A
ECONOMIC PRIORITY.
GDP GROWTH BEFORE THE TAX BILL
PASSED.
I'M ABSOLUTELY CONVINCED THAT
HAVE.
YOU ADD TO THAT THIS STRUCTURAL
CHANGE TO THE TAX CODE, NOT JUST
STRUCTURAL REFORM THE WAY WE TAX
CREATION OF WEALTH THIS COUNTRY.
LONG TERM CHANGES.
THESE ARE FUNDAMENTAL PRINCIPLE
CHANGES TO THE WAY THAT THE
COUNTRY RUNS.
WE'RE EXCITED ABOUT THE
SO, YEAH, THE STOCK MARKET IS
GOING UP AND DOWN.
CLEARLY ONLY GONE UP SINCE WE'VE
BEEN HERE.
IT WILL COME DOWN EVENTUALLY.
BUT IN THE LONG TERM WE FEEL WE
MADE ABSOLUTELY CRITICAL
IMPROVEMENTS TO THE AMERICAN
ECONOMY, THAT WILL PROVE
ECONOMICALLY FOR THE
ADMINISTRATION BUT ALSO FOR THE
ADMINISTRATION.
NEIL: DIRECTOR MULVANEY, DO YOU
WORRY ABOUT THE PRESIDENT
MENTIONING STOCK MARKET AS SUCH,
GOOD REASON TO, THAT OLD SAW IT
CAN COME BACK BITE YOU.
RONALD REAGAN RARELY EVER EVER
TALKED ABOUT THE MARKETS EVEN
THOUGH THEY WERE RUNNING UP.
MARKETS FINISHED HIS EIGHT YEARS
A LOT HIGHER THAN THEY CAME IN.
DO YOU ADVISE THE PRESIDENT,
BOSS I WOULD GO SLOW ON THIS IT
IS SELF-EXPLANATORY, WE SEE
MARKET AVERAGES JUST BE CAREFUL?
>> WE SPOKE ABOUT IT.
COMPARISON TO THE REAGAN BREAKS
DOWN, THE MEDIA WAS DIFFERENT.
HE CAN GET A FAIR SHAKE FROM YOU
AND COUPLE OTHER OUTLETS.
ITCH BEEN ON OTHER COUPLE OTHER
NEIL: I CAUGHT ONE OF THOSE.
>> 90% OF THIS PRESIDENT, 90% OF
THE MEDIA COVERAGE OF THIS
PRESIDENT HAS BEEN NEGATIVE
SUCCESSES PRACTICALLY NO ONE
ELSE WILL.
NEIL: I DIDN'T WANT TO JUMP ON
YOU THERE -- WHAT IS APPARENT
WITH RONALD REAGAN, HIS TAX
CUTS, BOTH OF THEM, EARLY '80s
ONE AND '86 ONE WERE RIPPED BY
NET PAYCHECKS, THAT CHANGED
EVERYTHING, THE SENTIMENT
CHANGED.
DO YOU EXPECT THE SAME THING TO
HAPPEN WITH YOUR TAX CUTS?
THAT WENT OUT.
WE DIDN'T EXPECT THAT THE
MINIMUM WAGE INCREASES FROM
LARGE EMPLOYERS ACROSS THE
COUNTRY.
THAT IS MORE THAN WE EXPECTED.
HAVE WITH THE ECONOMY.
WE'RE CONFIDENT WHEN FOLKS SEE
THEIR CHECK, NOT ONLY TAKE HOME
CHECK WE THINK THEY WILL BE
PLEASED WITH, WHEN OPPORTUNITIES
COME IN.
THEY START TO REALIZE WHAT IT
MEANS TO BE PART OF A HEALTHY
AMERICAN ECONOMY.
WHEN THEY HAVE A CHANCE TO
CHANGE JOBS.
WHEN THEY HAVE A CHANCE TO START
THEIR OWN BUSINESS.
WHEN THEY HAVE A CHANCE TO GET A
RAISE, WHEN THOSE FILTER
THROUGH, THOSE WON'T BE
IMMEDIATE IN FEBRUARY LIKE THE
NEW WITH HOLDING WILL, WHEN
PEOPLE REMEMBER BEING PART OF A
THE FACE IF YOU'RE 30 YEARS OLD
AND WATCH THIS PROGRAM YOU HAVE
NEVER HAD A JOB THIS COUNTRY
WITH A REALLY HEALTHY AMERICAN
ECONOMY.
THERE ARE THINGS THAT HAPPEN IN
DYNAMIC AMERICAN ECONOMY THAT
CAN'T HAPPEN ANYWHERE ELSE IN
THE WORLD.
WE CREATE WEALTH NOT SEEN IN THE
HISTORY OF THE PLANET.
WE CREATE WEALTH FOR FOLKS LIKE
YOU AND ME ON TV AND FOLKS THAT
DON'T GET NEAR TELEVISION HOME
TAKING CARE OF THEIR FAMILIES.
WEALTH OPPORTUNITIES THAT EXIST
IN THIS NATION ARE FANTASTIC.
WE FEEL LIKE WE UNLEASHED THOSE.
THIS TYPE OF WEALTH CREATION.
THAT IS WHAT FOLKS SEE BETWEEN
NOW AND MIDTERM ELECTIONS AND
WELL BEYOND THAT WE'RE VERY
OPTIMISTIC ABOUT WHAT THE
LONG-TERM FUTURE HOLDS.
NEIL: DO YOU THINK PEOPLE WILL
APPRECIATE THAT BIT MIDTERM
ELECTIONS AND KEEP REPUBLICANS
IN POWER?
>> YEAH.
LOOK, PEOPLE MAY NOT LIKE THE
PRESIDENT'S METHODS, I GET THAT
YOU CAN'T ARGUE WITH THE
POLICIES.
YOU CAN'T ARGUE WITH THE
OUTCOMES.
PEOPLE ARE BETTER OFF, THE
AND ECONOMY, DIRECTOR, HIS
POLLING NUMBERS JUST AREN'T
GREAT.
>> I COME BACK TO THE FACT
THINGS ARE DIFFERENT WHEN IT
COMES TO THE MEDIA.
NEIL: YEAH.
>> NINE OUT OF 10 CHANCE HEARING
A NASTY STORY ABOUT THE
PRESIDENT WHEN YOU GO ON
TELEVISION, LISTEN TO THE RADIO,
GO ON THE INTERNET THAT CAN WEAR
ON YOU AFTER A WHILE.
WE CAN ASK THE QUESTION ARE YOU