Lawrence Lindsey

One of them, Clay Johnson, who was one of the president's best friends, was head of presidential personnel, had been evacuated from his office in the old EOB.

Larry Lindsey, the head of the National Economic Council, and others, a senior, were standing there.

And I...

Opened my flip phone.

Uh, that war in Iraq was about a trillion dollars.

I remember poor Larry Lindsey got fired for saying it, turned out to be right.

Uh, and, um, 9/11 did mark...

So the year 2000 marks a sharp downturn in US economic growth-

And so Colin Johnson, one of the largest Secret Service agents you ever would have seen, he was a teddy bear, though, he came and he sort of briefed us there, what was happening, where the president was, what was happening at the White House.

And he brought this three or four of the senior staff, I think it was Nick Calio, who was legislative affairs, Larry Lindsey, who was National Economic Council, Clay Johnson, head of personnel, Albert Hawkins was cabinet affairs.

They all went back to the White House now to work at the White House.

And then the Secret Service had come down, came and locked down the building that we were in.

And it was really remarkable.

But the other thing is, as our friend Larry Lindsey pointed out, income inequality began to shrink in America first time in half a century.

And it was because we were lifting people up.

you know the wealthy weren't you know doing better it was the modest income in the lowest quintile finally had new opportunities and so you know in the innovation paul talked about uh innovation competitiveness all of that we were seeing the gains we had hoped to see i still wish you know covet hadn't happened yeah i think that really you know disrupted the momentum we had i would have loved to see if that first term for the president turned out to be the first term where we shrunk income inequality would have proven, I think, our point.

He went to, uh, Bowdoin College and University of Michigan.

He, uh, worked with Lawrence Lindsey for a while, who was the economic policy advisor to George W. Bush.

He dropped out of a PhD program.

He became an analyst for Pittsburgh National Bank.

Uh, and, and, and Greenspan, by the way, was very good at this.

Uh, you know what he did to Alan Blinder, uh, that I saw an internal thing, uh, meeting where he sliced up Larry Lindsey.

Um, it was very similar to, uh, one of my favorite scenes of the movie, which is when Lucy Liu fights, um, Uma Thurman in Kill Bill, and there's a sword fight and then all the pieces fall down.

That's what Greenspan could do to people.