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He was at MIT for 42 years or something. He was a great — so I understand that stuff. You know, genetically. - Bob Woodward
" "He was at MIT for 42 years or something. He was a great — so I understand that stuff. You know, genetically.
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About Bob Woodward
Robert Upshur "Bob" Woodward (born March 26, 1943) is a journalist in the United States, known mostly for his work in helping uncover the Watergate scandal that led to President Richard Nixon's resignation, in a partnership with Carl Bernstein, while working as a reporter for The Washington Post. He has written twelve nonfiction books and has twice contributed reporting to efforts that collectively earned the Post and its National Reporting staff a Pulitzer Prize.
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Robert Upshur Woodward
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Robert Woodward
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Additional quotes by Bob Woodward
Next, Cohn repeated what everyone was saying: Interest rates were going to go up over the foreseeable future. I agree, Trump said. “We should just go borrow a lot of money right now, hold it, and then sell it and make money.” Cohn was astounded at Trump’s lack of basic understanding. He tried to explain. If you as the federal government borrow money through issuing bonds, you are increasing the U.S. deficit. What do you mean? Trump asked. Just run the presses — print money.
Trump wanted to know what the new individual income tax rates would be. “I like these big round numbers,” he said. “Ten percent, 20 percent, 25 percent.” Good, solid numbers that would be easy to sell. Mnuchin, Cohn and Office of Management and Budget Director Mick Mulvaney said there needed to be analysis, study and discussion on the impact on revenue, the deficit and the relation to expected federal spending. “I want to know what the numbers are going to be,” Trump said, throwing out numbers again. “I think they ought to be 10, 20 and 25.” He dismissed any effort to crunch the numbers. A small change in rates could have a surprising impact on taxes collected by the U.S. Treasury. “I don’t care about any of that,” Trump said. Solid, round numbers were key. “That’s what people can understand,” he said. “That’s how I’m going to sell it.
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