Now I want to discuss something that's important to you and me both--our social security system. This is a problem for all Western democracies. Socia… - Jimmy Carter

I think I would choose Trump, which may surprise some of you, but the reason is Trump has proven already that he's completely malleable. I don't think he has any fixed opinions that he would really go to the White House and fight for. Ted Cruz is not malleable. He has far right-wing policies, in my opinion, that would be pursued aggressively if and when he would become president.

Well, we've tried to make this a joint, voluntary effort on the part of government, business, and labor, so that there could be a self-imposed restraint on escalating wages and prices. Here again, I'm not in favor .of wage and price controls, either voluntary or mandatory, and the degree to which labor and business will cooperate is really up to them. I think the first step has already been taken, and that is to draft the proposal in writing and present it to the leaders in business and labor. The second step has been taken, that is, my public espousal of it in the State of the Union message. The third step is now under way, whereby, as decisions are made to increase prices and to demand wage increases, they measure the average increases of the last 2 years and try to make sure that the 1978 increases are at least less than they have had average in the last 2 years. In most cases, a patriotic motivation and one to assuage or to please the public will have at least as much or more effect than any jawboning or pressure from us. We'll offer the good service of the Council on Wage and Price Stability to assess the inflationary impact of proposals. We're not requiring, for instance-don't have any inclination nor authority to require—that labor unions propose in advance to us the demands that they'll make for fringe benefits, health programs, or for wages, but we just hope that it'll create a tone in the country of generally dampening the inflationary impact. We have now an underlying inflation rate of about 6 or 6 1/2 percent. So, that's as far as we are inclined to go. And I've met around this table with a fairly large number of the top business men and women in this country, and their response was favorable. I've had a luncheon last week with President Meany. He expressed some concern about the point that I just raised to you, that they can't submit ahead of time all of the labor union negotiating demands. We don't ask for that. But we hope that in Government, we can also set an example. But it's a strictly voluntary program that I think can work with the right sort of spirit and tone. If—the last thing I'll say about it is this—if we tried to be too intrusive in the private sector from the Government, I think there would be an adverse reaction, and the whole thing would fail. So, the degree of voluntary compliance in self-initiated compliance is the measure of whether it'll be successful. There's no way to answer your question specifically, because it's kind of an ephemeral thing, but I think it can be the source of tangible benefits.

Thank you all. I'm sorry I have to go, but I've got another meeting in a few minutes. I've enjoyed it, and I hope that you had a chance to meet with some of our staff members. I didn't make a speech at first, but I would like to say that it's important to us to have you come here. We learn, I'm sure, a lot more from listening to your questions and from my staff members talking to you about domestic and foreign affairs than you learn from us. And I think it's important for your readers and listeners and viewers to know that this is their White House, and that we don't have anything to conceal here. We've made mistakes. We're obviously going to make them, like you do at home in your own business. But we don't try to cover up, conceal anything. I've enjoyed the press conferences twice a week. Cy Vance has a press conference every month. It happens to be this afternoon. And on many of the controversial issues that in the past have been decided in a very secret way between the Secretary of State and the President, for instance, are now discussed openly with the American people. I feel that's a good move. It exposes our doubts and uncertainties and controversies on occasion, but after that debate goes back and forth in the Congress and throughout the Nation, among American people, we monitor that opinion very closely. And I think that by the time I make a decision--which may or may not always agree with what the people are thinking at home--I have a much surer sense of what our country ought to do. And I think that foreign countries feel, for instance, that when I speak or Cy Vance speaks or the Vice President, that we speak for the country. We also do the same thing with the Congress. I've met with every single Member of the Congress, Democrat and Republican, unless they just didn't come when they were invited. And if they missed one meeting, they've been invited to subsequent meetings. You know, very recently, I've had breakfast with all the Democratic Members of the Senate, and now we're starting to have breakfast with all the Republican Members. We've spent an hour and a half just sitting around a small table, and let them bring up any subject they want to me and I answer any question they ask me.