So Americans do want their presidents, by and large, you want them to be people who get things done and have experience. That's going to be Trump's big disadvantage going into this election, because people are going to be looking back and saying, we've got the guy without the experience who said the things that sounded good. And guess what? That hasn't worked out for us too well.

I hate to sound sort of diffident about it but it strikes me that a lot of people on the right have got active lives and are doing other things.

We're an empire now, and when we act, we create our own reality. And while you're studying that reality - judiciously, as you will - we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors... and you, all of you, will be left to just study what we do.

You may be right that people say: You know what, we had Obama. He was inexperienced. The guy had great rhetoric, sounded good, looked good, but has turned out to be an utter disaster. I want someone where I have confidence and credibility that they're up to the job and that I can trust what they tell me.

If you look underneath the surface of the Tea Party movement, on the other hand, you will find that it is not sophisticated. It's not like these people have read the economist Friedrich August von Hayek.

To be able to compete, we've got to improve our education system, our litigation environment, our tax code, our health system and our trading policies if we're going to be as strong economically in the years ahead.

71 percent of the American people think that the federal government should take no more than 20 percent of anybody's paycheck no matter how much they make.