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tv   Anderson Cooper 360  CNN  August 2, 2012 10:00pm-11:00pm EDT

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>> so the word's out that he hasn't paid any taxes for ten years. let him prove that he has paid taxes because he hasn't. >> so now this is on the floor of the senate, he is now saying the word is out. well, the word is out because senator harry reid put it out. what he hasn't put out is anything that anyone can check. not the name of a source, not anything. here is what republican senator john mccain told me about this earlier today. >> harry reid on the floor of the senate reiterated this idea today that mitt romney hasn't paid taxes ten years. he says and i quote on the floor of the senate, the word's out he hasn't paid any taxes for ten years, let him prove he has paid taxes because he hasn't. he's offered absolutely no proof at all about this. does it surprise -- what do you make of this, is this just politics? is this acceptable? >> first of all, i've known senator reid for many years.
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occasionally he displays somer some erratic behavior. to accuse someone of doing something without a shred of proof that the allegation has any substance is really something i frankly don't understand. i think politics are tough and i enjoy the give and take, but i think harry might have gone over the line here. >> that was senator mccain earlier. we also spoke about syria, we'll play part of that later tonight. what he said about harry reid is unusual in that lawmakers criticize colleagues so directly and by name. mr. romney's campaign manager took it further, likening the allegations to the mccarthy hearings from the '50s. you can decide for yourself hear for yourself whether it is mccarthyism or michele bachmannism. senator reid' office did not respond to our invitation to come on the program. dana bash has been trying to get answer from senator reid all day.
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what can you tell us? >> we have a couple of responses, anderson. the first one, senator reid stands by his comments. governor romney's continued refusal to release his tax returns raises questions about what he is hiding and whether he paid any taxes at all. governor romney can end this by releasing tax returns. as you were coming on air, anderson, got a follow-up like the statement which also stands by what they call his credible source that romney has not paid taxes for ten years, and says romney playing many tricks at his disposal for avoiding taxes. not backing down at all. covering harry reid a lot of years. there are times he says things off the cuff that make aides wince, like smelly tourists in the capitol. i'm not make thg up. this is not that. he is doing it for purpose for
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political reasons, he wants romney taxes talked about on programs like yours, wants it to be headlines in newspapers and wants mitt romney to respond on this issue which they think is a negative for romney as opposed to issues romney wants to talk about. >> went back and forth with paul begala, it isn't fair to compare what reid is saying to bachmann by to me it's a question of making an allegation like this without any evidence that's what i am trying to focus on. we will talk to begala and mary matalin in a second. in that interview in huffington post, his poor father must be so embarrassed for his son, what does that tell you. that's a very personal comment. >> it is very personal and it is very harry reid. look, first of all, back up and say you pointed out the interview with the huffington post. evidence, it is a friendly outlet.
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he did it very strategically. in terms of very personal, that is harry reid. when he wanted to go after greenspan, he called him a partisan hack. when he went and president bush, called him a liar and loser. apologized for loser, not for liar. when he doesn't like somebody he goes for the jugular. that's what he is doing now. he is an old boxer and likes to be a political street fighter. he knew full well he was going to be questioned over and over again on who his source was. and he said he told people close to him who i have spoken to that he didn't care, he is not telling who the source is. i did speak, have to tell you, i did speak to one source close to senator reid that claims to know who the bain investor is that he spoke with, insists it is a credible person and this person if we knew the name would understand they would have the authority and ability to know about romney's tax returns. whether we'll find it out ever, who knows. they're doing it on purpose so this is the discussion.
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>> dana bash, appreciate that reporting. thanks. let's bring in paul begala, and mary matalin. paul, you can't defend harry reid on this, can you, seriously? >> you watch me. >> but harry reid doubled down. went on the floor of the senate and said well, you know, it's out there that he hasn't paid ten years. it is only out there because harry reid said it two days ago without any evidence of it. >> first off, there's tons of evidence. the one release that he prettied up and -- there's evidence of tax avoidance, incredibly aggressive tax avoidance. >> harry reid said there's evidence he hasn't paid taxes in ten years. >> he is pointing out he has a long, incredible history of tax avoidance. shell corporation in bermuda, cayman islands, swiss bank accounts, blocker corporation in
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bermuda, whatever that is. and freshman philosophy. okay when confronted with something with limited information, you choose the simplest, most obvious choice. what do you think it is, anderson. do you think he secretly owns the bunny ranch brothel? i don't. he is a man of extraordinary personal morality. i grant him that. he's got impeccable personal moral character. i don't think he is secretly owning inner-city liquor stores that sell to children. no, i think -- i am trying to >> you did just put that out there. >> i'm just trying to show it's the most logical explanation. people should like on the twitter machine, what other reason is he hiding his taxes? what possible other -- >> anderson, i will tell you -- >> what's the evidence? >> go ahead, mary. >> really, you know what, to
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answer paul's question. this is fallacy logic. this is how they argue. they make the accused, put the burden of proof on the accused. you think it passes the smell test, that he would have been governor, would have been running for president eight years, he had all his money. yes, he has a lot of money. he is a big success. he is an american opportunity inspiration, that he would be doing something illegal? they called him a felon, here is the sad thing. harry reid is ostensibly not a goof ball, he is the democratic senate majority leader. doesn't that give, if i were a democrat, that would give me great pause that the majority leader in the senate is behaving like eugene mccarthy, the other mccarthy. >> paul, to the point mary brought up, when louie gomer say
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we are not making allegation, we are asking the question did she pass a security background check, we pointed out hypocritical in and of itself, but harry reid didn't go beyond at. he is not pretending i am asking the question, he is saying i have a source that told me that mitt romney didn't pay taxes for ten years. he won't name the source, then doubled down on the floor of the senate. >> and if he worked for cnn, we would give him a promotion for that same conduct. >> what are you talking about? what are you talking about? >> we go on the air al the time and say we have an unnamed source and -- >> a single source, you don't go on air with a single source, rarely under extreme circumstances. that's actually not true. >> he had more imaginary friends. today though, anderson. now he has more people that he can't say who they are that are just calling him up and saying. can someone point out, by the way, that is private information?
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if anybody, including harry reid has any access to mitt romney's private taxes, that's a matter for the irs. that's illegal. >> it seems hypocritical to me. when louie gomer went on the floor of congress and said that some unnamed former fbi agent told him that middle eastern women were coming to the united states pregnant to have a baby, taking them back to the middle east to raise them for 20 years as terrorists so they could then come back as american citizens and attack us 20 years from now and that he had sources on this, though he didn't call the fbi about this. when we called the fbi, they said what are you talking about, never heard of this. when we asked for evidence, he wouldn't give us any. what's the difference between that lunacy and what harry reid is saying? >> what gomer said is ipso facto crazy.
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what reid is positing is the logical, simplest explanation why this man who is burning with desire to be president is hiding his tax returns when mary points out he knew or should have known getting into this business it is not pleasant, perhaps, but guys and women at the top level, presidential level, they all have to release their tax returns. >> i tell you, we know he takes he 6 and $7 million in contributions, 6 million in taxes. may i? quit imitating james. the occam's razor is this. the obama is strategic imperative is distract. can't run on his record. they've announced they're going to destroy romney. it is a distraction. he put out two, if he put out more, they want four. his father would be embarrassed? he plays a dead card. what has happened to your party, paul. >> bottom line, you don't have problem with sitting members of congress or senate making
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allegations without presenting any evidence whatsoever. >> romney has the evidence. we can't see it. he is choosing the most sensible explanation for a puzzling political thing. why is romney feeding this distraction as mary calls it? why? because there's something in there he doesn't want us to see. i been doing this 28 years. when politicians don't disclose taxes, it is because they can't. >> we have to end it there, before i am inundated saying i am a stoop for the gop or supporting romney, my point is for any sitting member of congress or the senate, republican, democrat, whatever party, to be making serious allegations about somebody without offering any evidence whatsoever seems a troubling precedent and surprises me more aren't upset, whether it is this or bachmann, et al, making allegations against amedin. infiltration of the muslim
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brotherhood without presenting direct evidence. we have to leave it there. leaving it there on tv. let's continue the conversation on twitter. follow me on twitter. a lot of people blasting me saying i'm supporting mitt romney. again, my point is it is about congress people, senators, people in power making allegations without offering any evidence to back them up. again, whether it is harry reid or michele bachmann doing it, is that a fair comparison? let me know what you think on twitter. up next, did experts fail to act on warning signs about the colorado shooter?
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enroll now. keep them honest in colorado with the latest developments in the aurora shooting. they concern the key question after any mass murder. could it have been prevented? people might have been alerted and acted properly. in the aftermath this time, that question was quick in coming. >> could i have done anything, did i see anything, did i miss anything. >> is there anything that sheds any light on motive. >> he left school a month ago. clearly indicates something wasn't right. >> i'll be willing to bet there were warning signs out there. >> maybe there are warning signs in hindsight you could have seen?
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>> we start to look, what could we have done, i get it, prevent this from happening. >> our denver affiliate broke the story last night that a university of colorado psychiatrist that the suspect was seeing was so alarmed by his behavior, she told the campus threat assessment team about it. this was the team that the psychiatrist actually help set up. according to them this happened in the first ten days of june. june 7th is when the suspect bought the assault rifle he used. june 10th he dropped out of the university, which is apparently why the beta team took no further action because he dropped out. the university said they did what they should have done. the denver post reports lynn fenton spoke about how to deal with a threat. back in 2010. generally, if you think the threat is imminent, call campus police. if you need to call the beta team, call first. did she think the threat was imminent? that's the question given that
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the suspect left the university, the question is should dr. fenton or the beta team still have called campus police or local police? joining us now, the executive director of the national behavioral intervention team association, also threat assessment expert, and peter reed whose daughter mary karen reed was killed in the virginia tech shooting. barry, want to start with you. sources tell kmgh when the suspect dropped out of school, the university assessment team had, quote, no control over him. in your opinion, is that true? >> you know, anderson, that's a question we deal directly with when we have threat assessment teams. we come up with a simulated case study where the threat assessment team is facing that exact situation, and i have to tell you in all honesty, the first impulse of most on threat assessment teams is to say what you mentioned, this is out of our control, it is out of our
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authority. what are we supposed to do at this point. so we ask them at that point a very simple question. if this student is leaving your campus, you know, in the wake of perhaps a terrible failure, something that they're struggling with, would you like to have every bit of information you can gather within the campus setting to understand their state of mind at the time they leave. you know, if you remember the shooting at northern illinois university, steven came back to the campus a year and a half later and killed five people. so we asked threat assessment teams to think through broader implications. of course, you don't follow them in the community, you're not going to trail them, but do you want to take every opportunity to gain all of the information you can at the sources you have by the campus. >> bret, is it a violation of confidentiality, doctor, patient
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confidentiality to contact local authorities if somebody has left the campus and you have some sort of concerns about them, even if you don't necessarily think -- i'm assuming she didn't think it was imminent threat, because under her own guidelines, you would contact campus police, but certainly questions were raised. is there confidentiality issues going to the police? >> at at that point. let's assume certain things we've heard so far are true although we don't know they are. which is that dr. fenton alerted the beta team at the university she had concerns about holmes. at that point that she decided already to breach confidentiality to share certain information, if she did, that's the point at which the information the team had becomes protected by a federal privacy statute. ferpa. generally student education records are protected. the university can't release them. if there's an emergency situation, if there's a
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significant threat, the team can reach out to community resources, community mental health, local law enforcement. it is also possible for the team to potentially contact holmes's parents, allowed to contact parents of dependent students. i don't know if he was dependent, but was he 24, could have been. at that point ferpa would have allowed contact with the parents there. so i think the university couldn't have controlled him once he withdrew, but certainly had options to impact on him and had control over his transcript as well and whether he could access that. it did have things it could do. i agree with barry on that. >> peter, you have obviously been through this before with virginia tech. you say you have been waiting weeks for the news to come out about who knew what and when. >> i had a sick feeling in the pit of my stomach as this evolved. thinking but hoping not that we would see similar things happen and unfortunately the notebook shows up in the mail, the psychiatrist, you know, turns out the threat assessment team was alerted there were problems,
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and there's a lot we don't know that will come out over time, but i want to second very much what i just heard. ferpa and hipaa, these restrictions are good for protecting privacy and civil liberties, but have exceptions built in just for these reasons. looking at the copy of the virginia tech review panel report, page 52, missing red flags. the key findings. the care team was hampered by strict interpretations of privacy laws and they didn't make good judgments that they could have made if all the information is brought together. we made advances since then. in fact, as far as i know, the threat assessment team came about in the wake of our tragedy. but there's so much further to go and we need to take policy action. i'll talk about that in a minute if you let me. >> barry, to that point, i read in usa today that 80% of schools now have threat assessment teams
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because of virginia tech and that's one of the lessons learned. the teams use what's called behavioral threat assessments to recognize a person on a path to violence. what kind of behaviors do they look for? how does this work? >> they start at low level behaviors you would expect. i think you'll see parallels to this case. at the very beginning, you're looking for behaviors that are causing general concerns for people in the subject's life. then you might be looking for behaviors like acquisition of weapons or gaining access to weapons. you want to look at the individual's capacity to carry out an organized plan. then, of course, one of the ones most salient for me, that in the cases of the founders of behavioral threat assessment looked at, was that the
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individuals who carried out these kinds of acts suffered significant losses that they were struggling with. did people around this individual see this sense of loss or failure and the struggle to deal with it. >> peter, in your opinion what more needs to change? what more lessons do we need to learn? >> one thing is we need to collate the lessons in a place to promulgate them all around the country. campus safety 2011 was introduced in house and senate to create such a center to identify and disseminate best practices, educate, train safety agencies, research, promote development of threat assessment models. the house took action by incorporating that into the violence against women act and need the senate to do the same. this is investment in our future and preventing to the extent possible to prevent these kinds of actions from happening. we need to get that word out. it's also important not to completely de-link issues of threat assessment and mental health from the issues getting into the background check
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system. right now, there's 23 states that have less than 100 mental health records in the background check system. virginia leads the country putting those records in now. california and new jersey have very pro active stances. california, dr. fenton would have been able to enter temporary restriction on the individual's ability to buy a gun and perhaps intervene in his plan. doesn't guarantee prevention, but we're trying to mitigate risk and need to take all the tools in the tool bag. >> anderson, i would like to add, we did create a national clearinghouse four years ago. to a great extent, that source for threat assessment information for campus teams is already in existence and so has more than 800 active campus members. >> peter, again, so sorry for your loss. appreciate you being on. we'll continue on this. in other news, a double decker mega bus crashes into a concrete pillar on the
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tonight, before they left for their august recess, the house and senate voted to close a loophole in the stock act. we have been following this for weeks. the stock act you may remember was passed to prevent lawmakers from profiting from confidential information they learn on the job. a lot of people were surprised they could even do that. it requires thousands of federal officials to publicly report financial transactions greater than a thousand dollars within 45 days. it had bipartisan backing. but the way it was written, family members of some lawmakers could profit from inside information. today's votes changed that, came about after dana bash exposed that loophole in exclusive report two weeks ago. watch.
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>> i find out information, i tell my wife, she trades on it, what's the difference. bottom line, we're supposed to have that level of transparency and have us be treated like every other member of the united states. >> it specifically says that members of congress do not have to have their spouses or children file. >> i think it's wrong and i think it's unfortunate because the reality is the whole point of this legislation is that we should play by the exact same rules as every other american citizen, and when all of america looks at washington, they know it is broken. >> you said they were pointing out to them what was wrong in the wording on this, this loophole. tell us what happened today. >> reporter: what happened, because deirdre walsh, our incredible producer that found it and investigated it, all you remember the first time we reported this on this program,
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all roads led to eric cantor because he was the one that ultimately wrote the legislation. we contacted his office, told him about this, took a little time, they came back and said this is inaccurate and we have to change it. took a while. went back and forth on the language. today before congress left town, they passed legislation in the senate and house to close this loophole making it clear that spouses and children in addition to lawmakers have to regularly report big financial trades. >> moving forward, that's what it means, spouses and kids have to report these transactions. >> that's right. and the whole idea behind the legislation was, you know, no question whether this was needed, whether it was a pr stunt for democrats and republicans to make clear they were going to react to 60 minutes report saying maybe there's some insider trading. regardless, the whole point was to make public opinion change, to make clear to the public they're going to do whatever it takes in congress to make sure that doesn't happen.
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if there's a loophole that says spouses can benefit from information congressmen get on the job, if their kids can, how is that making clear to the public that they're doing right here. that's why they made this fix and we heard, deirdre and i heard we made them work harder than they intended to before they left town. to make this fix. >> thanks very much. the latest on other stories. isha is here. >> a bus crash in illinois kills one, left as many as 24 others injured. that double decker was on the way from st. louis to chicago when it crashed into an overpass pillar. no word what caused that crash. a georgia woman has been indicted for murder and other charges in a shooting death of her husband outside a daycare center. prosecutors say andrea sneiderman planned it to get millions in insurance money and other assets. the defense team denies those charges.
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a judge appointed katherine jackson as permanent guardian. of michael jackson's children. it was suspended after she was out of communication for ten days amid family drama. volunteers in singapore set a guinness world regard with the cupcake mosaic. it is made of 20,000 cupcakes which will be delivered to needy children and homes for the disabled and elderly. it is all about bringing young people together to bake, share, and -- bake, care and share. >> my arteries are hardening looking at this. i feel a constriction in my chest. >> i could lick all the icing off those. >> that's the best part. isha, thanks very much. in syria fighting rages in the streets as kofi annan quits his job. we'll tell you why annan resigned and we'll talk to senator john mccain about it. he joins me next.
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welcome back. former u.n. secretary general kofi annan resigned. today as syria's peace envoy. made it clear he blames a range of world leaders for dropping the ball. >> without serious, purposeful, united international pressure, including from the palace of the region, it is impossible for me or anyone to compel the syrian government in the first place and also their position to take the steps necessary to begin the political process. at a time we need, when the syrian people desperately need action, there continues to be finger pointing and name calling in the security council. >> in an opinion piece in the financial times, he said the
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president bashar al-assad must leave office, failed to broker a ceasefire. during his five months in special envoy. 130 were killed today across the country. this video shows an attack on a refugee camp in southern damascus where many palestinians took refuge. can't verify the authenticity of what you see. the opposition says 16 people died in that. syrian tv put the number at 12 and blamed it on terrorists. in recent weeks, opposition forces have been better armed and he said that was a factor in his resignation. tanks are going to aleppo, said to be reinforcements. for government forces. opposition forces today pounded a military base near aleppo using tanks seized from government troops. i spoke to senator john mccain about this earlier. what's your reaction that kofi annan is stepping down?
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>> i hope what we knew would fail would be motivation for the united states to be more involved in stopping this massacre. the administration has been relying on two flimsy reasons, one that the russians would convince assad to leave, and the other the kofi mission. both of which we knew were doomed to failure. hopefully the administration will become more involved, provide weapons, safe area and assistance to stop the massacre. >> what do you want to see happen. you want weapons provided. do you believe some sort of air strikes are necessary? >> not necessarily air strikes, anderson. what we need is a safe area where they can train and equip, treat the wounded, help the refugees, say to the syrians
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they cannot attack that area. if it requires air support to prevent that, then use whatever means necessary to make sure that sanctuary is protected. >> as we reported, it has been widely reported president obama signed a presidential finding allowing for covert agents in the syrian opposition. not sure who leaked this information. cnn got it from two sources, not sure the motivation for leaking this information. do you buy that? do you think it is too little too late? we don't know when it was signed. is that a move in the right direction? >> i think it is a move in the right direction. i don't know any more than has been reported, but we need to make sure the weapons are there, the right kind of weapons. we also need a safe area. you know every day that goes on as you reported there's more danger concerning the security of the chemical weapons and there are more and more foreign fighters, extremist elements
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entering the fight. so it is clearly in our interest to accelerate the end of bashar assad which we all agree will happen, but how long and how many have to die is the question, and that's directly related to the united states involvement. >> i interviewed an international journalist, one of two actually kidnapped by foreign fighters. there are other reports about al qaeda inspired or al qaeda linked groups there. there are some people that see that in the united states and say look, this is now an opposition that has al qaeda in it. we should not be supporting them in any way. do you see the presence of foreign fighters as a reflection of the nature of the opposition, of the politics of the opposition, perspective of the opposition, or do you see it as a vacuum that jihadists are filling. >> clearly a vacuum. people began this revolution were not jihadists, al qaeda. they're the opposite. they're people that peacefully
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demonstrated for the kinds of things we cherish. as the conflict has dragged out, there are more and more jihadists that have come into the fight. i still am confident that the syrian people will embrace democracy the way the people of libya did. the longer it drags on, the more likely that foreign fighters will have a greater influence and the more difficult it will be to bring that country back together once bashar assad is gone. >> senator john kerry said there's a red line as far as what it would take for military intervention and that quote people that need to know, know what it is. i don't know if he is talking chemical weapons. do you know what the red line is? >> i have no idea. i know that every day that goes by, the more there's the possibility, and i emphasize possibility, that some of the chemical weapons could fall into the wrong hands, even into the hands of hezbollah, which could
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pose a threat to israel. >> there's a video that was posted by opposition members of them killing, gunning down what they said were captured regime supporters, fighters. when you see that, what does that tell you? is that the nature of war? we've seen plenty of videos from the regime being brutal to unarmed demonstrators. we are now seeing this from opposition forces. how do you see that? >> tells me it is terrible, awful, reprehensible, but also again an argument for a sanctuary where the government, such as they had in benghazi in the case of libya, where the government can set up the syrian national council and issue orders that this kind of atrocity must stop otherwise they lose legitimacy with the people of syria. >> senator mccain, thank you very much. >> thank you. in other news, three suspected terrorists were arrested in spain. officials say the men were ready
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patients from a prison. at least 16 people died from the virus. here at home, a close call at washington reagan national airport. three jets operated by us airways came too close to one another because of air traffic control miscommunication in bad weather. the faa is investigating tuesday's incident. jennifer lopez is threatening legal action asking for a retraction. after her boyfriend visited an aadult peep show. a report says smort was spending time with an exotic masseus. a bulldog in oklahoma is recovering from a painful encounter with a porcupine. the dog named bella had surgery to remove 500 quills. this puppy is said to be doing
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fine after his ordeal. poor thing. check out this baby goat that has some cool moves. the drop kick seems to be the goat's signature move. there's another one, i'm told. >> yeah, you don't want to be hanging out with that one. >> boom! i like that. >> unless he's drop kicking on you. >> he is cute. >> i could take that goat. isha, thanks very much. remember the tanning mom? she's back. the burning question, how tan is she. you might be surprised. the ridiculist is next.
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time now forred ridiculist. now we have an update from a ridiculist back in may that raised a questions about this woman, tanning mom in new jersey. she says she took her daughter to the tanning salon and the daughter never went into the booth. she got a lot of attention when they broke because she starting showing up all over the news looking, let's just say i was somewhat preoccupied by her appearance. take a look. >> she doesn't go in there. she's my little girl. am i going to bring my little
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daughter into a 90-degree bed? nothing is wrong with her and this whole thing has been blown out of proportion. >> how is that real? i mean, there is no way she can be that tan. there must have been something going on with the light ng that shot, right? let's take a look from a different interview. >> i've been tanning my whole life, going to the beach, tanning salons, so forth. she's six years old. yes, she does go tanning but not in the booth. >> she's talking about her daughter. i don't care. i can't pay attention to what she's saying. >> so now i'm happy to report that she has reserurfaceervurfa literally pales in comparison to her former self. there's a photo of herself after a whole month of no tanning. she says she feels weird and pale.
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welcome to my world. welcome to my world. it's how i feel every single day. weird and pale. i think it's great that she's giving the tanning bed a rest, although she does she she'll sweez a tan in here and there. i'm not at all sure moderation is her strong suit. before you know it she could look like this again. but of course it's fodder for saturday night live. >> you said those who criticize you are fat, ugly and jealous. >> yes. though i can't blame them for being jealous. trust me, there are plenty of men in new jersey who would love to snap into this slim jim. >> so on behalf of all people who have felt weird and pale for their whole lives, i'm proud to welcome her to the club and i urge her to keep fighting the good fight. "erin burnett outfront" starts right now.
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outfront next, the top advisor claims mid romney's economic plan will add 12 million jobs in the first term. we did the math. top find out if it adds up. a story we have been following, the rise of al qaeda. tonight, new evidence. could the colorado movie theater shooting have been avoided? the warning signs and when a psychiatrist needs to ignore doctor patient privilege a let's go outfront. good evening. i'm erin burnett. "outfront" tonight, mitt makes a bold promise. 12 million jobs. take a look at this ad in the wall street journal. written my romney's top economic advisor. first of all i want to draw your attention to the cartoon. there is obama on a tortoise with a whip. and romney on a horse going so
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fast that his tie and horse tail are flying in the wind. what was it supposed to be the tortoise and the hare? the newspaper denied the catchy cartoon but every word was written by glen hubbard. here in the second to last paragraph is the claim. president romney would create about 12 million new jobs in his first term and millions more after that. which means, just to get to 12 million the first term, 250,000 jobs each and every single one of his 48 months in office. he says he will do that by cutting regulations and cutting taxes. does it add up? first the good news. there have been a few times in american history where this has happened. the chief economists of jp morgan notes it happened in the 1990s. then we were in the middle of the internet boom which was not sustainable and