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so<00:00:04.200><c> Ken</c><00:00:04.380><c> Rogoff</c><00:00:04.529><c> made</c><00:00:04.859><c> an</c><c.colorCCCCCC><00:00:04.950><c> argument</c><00:00:05.339><c> that</c></c><c.colorE5E5E5><00:00:05.370><c> that</c></c>

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so Ken Rogoff made an<c.colorCCCCCC> argument that</c><c.colorE5E5E5> that
 </c>

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so Ken Rogoff made an<c.colorCCCCCC> argument that</c><c.colorE5E5E5> that
he<00:00:05.970><c> doesn't</c><00:00:06.299><c> think</c><00:00:06.420><c> that</c><00:00:06.540><c> we're</c><00:00:06.839><c> in</c></c><c.colorCCCCCC><00:00:06.870><c> safe</c></c>

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he<c.colorE5E5E5> doesn't think that we're in</c><c.colorCCCCCC> safe
 </c>

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he<c.colorE5E5E5> doesn't think that we're in</c><c.colorCCCCCC> safe
hands<00:00:07.440><c> these</c><00:00:08.099><c> days</c><00:00:08.309><c> he</c><00:00:08.550><c> didn't</c><00:00:08.790><c> mention</c></c>

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hands<c.colorCCCCCC> these days he didn't mention
 </c>

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hands<c.colorCCCCCC> these days he didn't mention
anybody</c><c.colorE5E5E5><00:00:09.269><c> by</c><00:00:09.570><c> name</c><00:00:11.300><c> but</c><00:00:12.300><c> I</c><00:00:12.570><c> think</c><00:00:12.840><c> you</c><00:00:13.139><c> get</c><00:00:13.349><c> a</c></c>

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anybody<c.colorE5E5E5> by name but I think you get a
 </c>

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anybody<c.colorE5E5E5> by name but I think you get a</c>
<c.colorCCCCCC>sense<00:00:13.679><c> that</c></c><c.colorE5E5E5><00:00:13.769><c> he</c><00:00:14.009><c> feels</c><00:00:14.219><c> that</c><00:00:14.429><c> not</c><00:00:14.790><c> only</c><00:00:14.910><c> and</c></c>

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<c.colorCCCCCC>sense that</c><c.colorE5E5E5> he feels that not only and
 </c>

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<c.colorCCCCCC>sense that</c><c.colorE5E5E5> he feels that not only and
Bob<00:00:15.540><c> Rosencrantz</c><00:00:16.109><c> made</c><00:00:16.289><c> this</c><00:00:16.379><c> the</c><00:00:16.650><c> argument</c></c>

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Bob<c.colorE5E5E5> Rosencrantz made this the argument
 </c>

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Bob<c.colorE5E5E5> Rosencrantz made this the argument
as<00:00:17.460><c> well</c><00:00:17.609><c> that</c><00:00:18.060><c> our</c><00:00:18.330><c> alliances</c><00:00:18.900><c> are</c><00:00:19.170><c> frayed</c></c>

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<c.colorE5E5E5>as well that our alliances are frayed
 </c>

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<c.colorE5E5E5>as well that our alliances are frayed</c>
<c.colorCCCCCC>China<00:00:20.670><c> is</c><00:00:21.330><c> not</c><00:00:21.710><c> necessarily</c><00:00:22.710><c> a</c><00:00:22.859><c> friendly</c></c>

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<c.colorCCCCCC>China is not necessarily a friendly
 </c>

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<c.colorCCCCCC>China is not necessarily a friendly
interlocutor<00:00:24.500><c> in</c><00:00:25.500><c> the</c><00:00:25.920><c> economic</c><00:00:26.369><c> sense</c></c><c.colorE5E5E5><00:00:26.670><c> and</c></c>

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interlocutor<c.colorCCCCCC> in the economic sense</c><c.colorE5E5E5> and
 </c>

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interlocutor<c.colorCCCCCC> in the economic sense</c><c.colorE5E5E5> and
that<00:00:27.599><c> if</c><00:00:27.930><c> a</c><00:00:28.140><c> crisis</c><00:00:28.529><c> were</c><00:00:28.650><c> to</c><00:00:28.830><c> come</c></c><c.colorCCCCCC><00:00:29.039><c> today</c></c>

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that if a crisis were to come<c.colorCCCCCC> today
 </c>

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that if a crisis were to come<c.colorCCCCCC> today</c>
<c.colorE5E5E5>they're<00:00:30.599><c> arguing</c><00:00:31.170><c> that</c><00:00:31.289><c> we</c><00:00:31.439><c> don't</c><00:00:31.619><c> have</c><00:00:31.859><c> the</c></c>

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<c.colorE5E5E5>they're arguing that we don't have the
 </c>

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<c.colorE5E5E5>they're arguing that we don't have the
cool<00:00:32.279><c> heads</c><00:00:32.640><c> that</c><00:00:32.910><c> would</c><00:00:33.090><c> be</c><00:00:33.210><c> able</c></c><c.colorCCCCCC><00:00:33.300><c> to</c><00:00:33.570><c> handle</c></c>

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cool heads that would be able<c.colorCCCCCC> to handle
 </c>

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cool heads that would be able<c.colorCCCCCC> to handle
it</c>

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it
 

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it
brexit<c.colorCCCCCC><00:00:34.860><c> I</c><00:00:35.040><c> know</c><00:00:35.219><c> you</c><00:00:35.280><c> know</c><00:00:35.460><c> also</c><00:00:35.700><c> a</c><00:00:35.910><c> mess</c><00:00:36.300><c> which</c></c>

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brexit<c.colorCCCCCC> I know you know also a mess which
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brexit<c.colorCCCCCC> I know you know also a mess which
is</c><c.colorE5E5E5><00:00:36.750><c> serious</c><00:00:37.230><c> partner</c></c><c.colorCCCCCC><00:00:37.500><c> last</c><00:00:37.770><c> time</c><00:00:37.980><c> so</c><00:00:38.190><c> you</c><00:00:38.550><c> know</c></c>

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is<c.colorE5E5E5> serious partner</c><c.colorCCCCCC> last time so you know
 </c>

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is<c.colorE5E5E5> serious partner</c><c.colorCCCCCC> last time so you know
Kashkari<00:00:39.000><c> take</c><00:00:39.210><c> that</c><00:00:39.360><c> argument</c><00:00:39.780><c> on</c></c><c.colorE5E5E5><00:00:39.870><c> you</c><00:00:40.230><c> know</c></c>

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Kashkari take that<c.colorCCCCCC> argument on</c><c.colorE5E5E5> you know
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Kashkari take that<c.colorCCCCCC> argument on</c><c.colorE5E5E5> you know
I<00:00:40.350><c> was</c></c><c.colorCCCCCC><00:00:40.620><c> at</c><00:00:40.800><c> Treasury</c><00:00:41.160><c> from</c></c><c.colorE5E5E5><00:00:41.370><c> oh</c><00:00:41.550><c> six</c><00:00:41.850><c> two</c><00:00:41.969><c> oh</c></c>

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I was<c.colorCCCCCC> at Treasury from</c><c.colorE5E5E5> oh six two oh
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I was<c.colorCCCCCC> at Treasury from</c><c.colorE5E5E5> oh six two oh
nine<00:00:42.090><c> and</c><00:00:42.600><c> people</c><00:00:43.079><c> may</c><00:00:43.200><c> forget</c><00:00:43.530><c> in</c><00:00:43.920><c> the</c><00:00:44.010><c> middle</c></c>

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<c.colorE5E5E5>nine and people may forget in the middle
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<c.colorE5E5E5>nine and people may forget in the middle
of<00:00:44.250><c> the</c></c><c.colorCCCCCC><00:00:44.309><c> financial</c><00:00:44.670><c> crisis</c><00:00:45.059><c> we</c><00:00:45.600><c> had</c><00:00:45.690><c> a</c></c>

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of the<c.colorCCCCCC> financial crisis we had a
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of the<c.colorCCCCCC> financial crisis we had a
presidential<00:00:46.050><c> election</c></c><c.colorE5E5E5><00:00:46.620><c> in</c><00:00:46.710><c> 2008</c><00:00:47.250><c> Senator</c></c>

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presidential<c.colorCCCCCC> election</c><c.colorE5E5E5> in 2008 Senator
 </c>

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presidential<c.colorCCCCCC> election</c><c.colorE5E5E5> in 2008 Senator
McCain<00:00:48.420><c> and</c><00:00:48.450><c> then</c><00:00:48.719><c> senator</c></c><c.colorCCCCCC><00:00:48.989><c> Obama</c></c><c.colorE5E5E5><00:00:49.170><c> that</c><00:00:50.070><c> was</c></c>

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McCain and<c.colorE5E5E5> then senator</c><c.colorCCCCCC> Obama</c><c.colorE5E5E5> that was
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McCain and<c.colorE5E5E5> then senator</c><c.colorCCCCCC> Obama</c><c.colorE5E5E5> that was
hardly<00:00:50.550><c> political</c><00:00:51.420><c> harmonious</c><00:00:52.110><c> time</c><00:00:52.350><c> I</c><00:00:52.379><c> mean</c></c>

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hardly political harmonious time I mean
 

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hardly political harmonious time I mean
I<00:00:52.739><c> was</c><00:00:52.890><c> sitting</c><00:00:53.210><c> in</c><00:00:54.210><c> the</c><00:00:54.390><c> gallery</c><c.colorE5E5E5><00:00:54.539><c> above</c><00:00:55.079><c> the</c></c>

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I was sitting in the gallery<c.colorE5E5E5> above the
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I was sitting in the gallery<c.colorE5E5E5> above the
House<00:00:55.320><c> of</c><00:00:55.530><c> Representatives</c><00:00:56.160><c> when</c><00:00:56.340><c> the</c><00:00:56.430><c> House</c></c>

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House of Representatives when the<c.colorE5E5E5> House
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House of Representatives when the<c.colorE5E5E5> House
voted<00:00:56.969><c> down</c><00:00:57.360><c> the</c><00:00:58.079><c> tarp</c><00:00:58.379><c> the</c><00:00:58.530><c> first</c><00:00:58.739><c> time</c><00:00:58.949><c> under</c></c>

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voted down<c.colorE5E5E5> the tarp the first time under
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voted down<c.colorE5E5E5> the tarp the first time under
if<00:00:59.250><c> you</c><00:00:59.340><c> remember</c><00:00:59.579><c> members</c><00:01:00.059><c> of</c><00:01:00.149><c> Congress</c><00:01:00.449><c> were</c></c>

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if you remember members<c.colorE5E5E5> of Congress were
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if you remember members<c.colorE5E5E5> of Congress were
telling<00:01:00.840><c> us</c><00:01:00.989><c> their</c><00:01:01.530><c> phones</c><00:01:01.859><c> were</c><00:01:02.039><c> ringing</c><00:01:02.070><c> off</c></c>

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telling<c.colorE5E5E5> us their phones were ringing off
 </c>

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telling<c.colorE5E5E5> us their phones were ringing off
the<00:01:02.460><c> hook</c><00:01:02.579><c> 99</c><00:01:03.270><c> to</c><00:01:03.420><c> one</c><00:01:03.629><c> saying</c><00:01:04.350><c> don't</c><00:01:04.680><c> you</c><00:01:04.949><c> dare</c></c>

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<c.colorE5E5E5>the hook 99 to one saying don't you dare
 </c>

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<c.colorE5E5E5>the hook 99 to one saying don't you dare</c>
<c.colorCCCCCC>vote<00:01:05.640><c> for</c><00:01:05.880><c> this</c><00:01:06.030><c> then</c><00:01:06.900><c> the</c><00:01:07.049><c> Dow</c><00:01:07.170><c> Jones</c></c>

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<c.colorCCCCCC>vote for this then the Dow Jones
 </c>

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<c.colorCCCCCC>vote for this then the Dow Jones</c>
<c.colorE5E5E5>Industrial<00:01:07.860><c> Average</c><00:01:07.920><c> dropped</c><00:01:08.210><c> 777</c><00:01:09.210><c> points</c></c>

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<c.colorE5E5E5>Industrial Average dropped 777 points
 </c>

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<c.colorE5E5E5>Industrial Average dropped 777 points</c>
<c.colorE5E5E5>that<00:01:09.659><c> afternoon</c><00:01:09.930><c> and</c><00:01:10.290><c> two</c><00:01:10.710><c> days</c></c><c.colorCCCCCC><00:01:10.860><c> later</c><00:01:11.070><c> they</c></c>

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<c.colorE5E5E5>that afternoon and two days</c><c.colorCCCCCC> later they
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<c.colorE5E5E5>that afternoon and two days</c><c.colorCCCCCC> later they
voted<00:01:11.549><c> for</c><00:01:11.580><c> it</c></c><c.colorE5E5E5><00:01:11.850><c> our</c><00:01:12.420><c> democracy</c><00:01:13.080><c> is</c><00:01:13.369><c> deeply</c></c>

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voted for<c.colorCCCCCC> it</c><c.colorE5E5E5> our democracy is deeply
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voted for<c.colorCCCCCC> it</c><c.colorE5E5E5> our democracy is deeply
flawed</c><c.colorCCCCCC><00:01:14.509><c> imperfect</c><00:01:15.509><c> but</c><00:01:16.110><c> in</c><00:01:16.229><c> moments</c><00:01:16.409><c> of</c></c>

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flawed<c.colorCCCCCC> imperfect but in moments of
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flawed<c.colorCCCCCC> imperfect but in moments of
crisis<00:01:17.189><c> we</c><00:01:17.310><c> tend</c><00:01:17.549><c> to</c></c><c.colorE5E5E5><00:01:17.580><c> come</c><00:01:17.790><c> together</c><00:01:17.909><c> and</c><00:01:18.299><c> I</c></c>

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crisis we tend to<c.colorE5E5E5> come together and I
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crisis we tend to<c.colorE5E5E5> come together and I
believe</c><c.colorCCCCCC><00:01:19.049><c> that</c></c><c.colorE5E5E5><00:01:19.350><c> in</c><00:01:19.619><c> a</c></c><c.colorCCCCCC><00:01:19.680><c> moment</c><00:01:20.009><c> of</c><00:01:20.070><c> a</c><00:01:20.159><c> future</c></c>

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believe<c.colorCCCCCC> that</c><c.colorE5E5E5> in a</c><c.colorCCCCCC> moment of a future
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believe<c.colorCCCCCC> that</c><c.colorE5E5E5> in a</c><c.colorCCCCCC> moment of a future
crisis<00:01:20.850><c> we</c><00:01:21.000><c> came</c><00:01:21.180><c> together</c><00:01:21.299><c> in</c><00:01:21.540><c> 2008</c><00:01:22.140><c> I</c></c>

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crisis we came together in 2008 I
 

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crisis we came together in 2008 I
believe<c.colorE5E5E5><00:01:22.860><c> in</c><00:01:23.070><c> the</c><00:01:23.159><c> moment</c><00:01:23.490><c> of</c><00:01:23.580><c> future</c><00:01:23.820><c> crisis</c></c>

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believe<c.colorE5E5E5> in the moment of future crisis
 </c>

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believe<c.colorE5E5E5> in the moment of future crisis</c>
<c.colorE5E5E5>American<00:01:25.020><c> history</c><00:01:25.350><c> has</c><00:01:25.500><c> shown</c><00:01:25.530><c> that</c></c><c.colorCCCCCC><00:01:25.979><c> we</c><00:01:26.490><c> will</c></c>

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<c.colorE5E5E5>American history has shown that</c><c.colorCCCCCC> we will
 </c>

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<c.colorE5E5E5>American history has shown that</c><c.colorCCCCCC> we will
come<00:01:26.820><c> together</c></c><c.colorE5E5E5><00:01:26.970><c> and</c><00:01:27.360><c> do</c><00:01:27.540><c> what's</c><00:01:27.750><c> necessary</c><00:01:27.960><c> on</c></c>

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come together<c.colorE5E5E5> and do what's necessary on
 </c>

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come together<c.colorE5E5E5> and do what's necessary on
behalf<00:01:28.530><c> of</c><00:01:28.650><c> the</c><00:01:28.770><c> American</c><00:01:29.100><c> people</c></c>

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behalf of the American people
 

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behalf of the American people
that<00:01:29.850><c> was</c><00:01:29.970><c> what</c><c.colorCCCCCC><00:01:30.150><c> I</c><00:01:30.180><c> lived</c><00:01:30.540><c> that</c><00:01:30.840><c> was</c><00:01:30.990><c> my</c></c>

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that was what<c.colorCCCCCC> I lived that was my
 </c>

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that was what<c.colorCCCCCC> I lived that was my
experience</c><c.colorE5E5E5><00:01:31.350><c> in</c><00:01:31.710><c> 2008</c><00:01:32.250><c> I</c><00:01:32.280><c> think</c><00:01:32.369><c> that's</c><00:01:32.640><c> true</c></c>

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experience<c.colorE5E5E5> in 2008 I think that's true
 </c>

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experience<c.colorE5E5E5> in 2008 I think that's true
today</c>

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today
 

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today
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you