>> FUNDING FOR OVERHEARD WITH

EVAN SMITH IS PROVIDED IN PART

BY MFI FOUNDATION, IMPROVING THE

QUALITY OF LIFE WITHIN OUR

COMMUNITY.

AND FROM THE TEXAS BOARD OF

LEGAL SPECIALIZATION, BOARD

CERTIFIED ATTORNEYS IN YOUR

COMMUNITY.

EXPERIENCED, RESPECTED AND

TESTED.

ALSO BY HILCO PARTNERS, TEXAS

GOVERNMENT AFFAIRS CONSULTANCY,

AND ITS GLOBAL HEALTHCARE

CONSULTING BUSINESS UNIT, HILCO

HEALTH.

AND BY THE ALICE KLEBERG

REYNOLDS FOUNDATION, AND VIEWERS

LIKE YOU.

THANK YOU.

>> I'M EVAN SMITH.

THEY'RE VETERAN POLITICAL

REPORTERS WHO HAVE MASTERED THE

ART OF THE SCOOP-FILLED

PRESIDENTIAL CAMPAIGN.

THEIR BEST TELLING TOME "GAME

CHANGE," THEIR FOLLOW-UP ON THE

2012 RACE, "DOUBLE DOWN" IS NOW

IN STORES.

THEY'RE JOHN HEILEMANN AND MARK

HALPERIN, THIS IS OVERHEARD.

>> I GUESS WE CAN'T FIRE HIM

NOW.

>> I GUESS WE CAN'T FIRE HIM

NOW.

IT WOULD BE NICE THAT I WIN AN

EMMY.

BEING ON THE SUPREME COURT WAS

AN IMPROBABLE DREAM.

IT'S HARD WORK, AND IT'S

CONTROVERSIAL.

>> IT'S JOURNALISTS WHO PROVIDE

THAT.

>> WINDOW ROLLS DOWN AND A GUY

SAYS, HEY, HE GOES TILL 11:00.

[LAUGHTER].

>> MARK, JOHN, WELCOME.

>> GREAT TO BE HERE.

>> NICE TO

HAVE YOU BACK.

CONGRATULATIONS.

NO. 3 ON THE HARD SELLER BEST

DEBUT, NO. 1 eBOOK IN AMERICA.

>> VICTORY.

GREAT SUCCESS.

>> THANK YOU.

>> THIS IS A FANTASTIC BOOK IN

WHICH WE LEARN SO MUCH MORE THAN

WE THOUGHT WE KNEW AT THE TIME,

JUST LIKE THE LAST ONE.

SOMETHING I GUESS WE DID KNOW AT

THE TIME, BUT IS REINFORCED AS I

READ THE BOOK, JOHN, IS THIS IS

AN ELECTION BETWEEN TWO FLAWED

CANDIDATES. I GUESS EVERY

ELECTION, TO SOME DEGREE, IS AN

ELECTION BETWEEN TWO FLAWED

CANDIDATES, BUT IT REALLY SEEMED

IN THIS CASE THAT EITHER OF

THESE GUYS COULD HAVE LOST THIS

RACE.

>> PRESIDENT OBAMA'S LEAD WAS

SMALL BUT DURABLE THROUGHOUT.

GOVERNOR ROMNEY IS A FASCINATING

CHARACTER THAT COMES THROUGH IN

THIS BOOK.

REALLY, THE PICTURE OF ROMNEY SO

MUCH AT ODDS WITH WHAT SO MANY

PEOPLE, ESPECIALLY DEMOCRATS AND

ESPECIALLY IN THE WHITE HOUSE,

THOUGHT OF ROMNEY.

HE'S REALLY AMBIVALENCE

INCARNATE THROUGHOUT THE BOOK.

47%, WHEN HE'S CHALLENGED, HE

DOESN'T HAVE THE WILL OF THE

RESOLVE AND THE ENERGY TO GO OUT

AND CONFRONT THOSE CHALLENGES,

HE'S ALMOST PASSIVE ABOUT IT

WHEN HE'S HIT IN THESE MOMENTS

WHEN HE REALLY SHOULD BE

MARSHALLING ALL OF HIS FORCES.

IT'S KIND OF AN AMAZING PICTURE

IN SOME WAY BECAUSE IT'S NOT AT

ALL WHAT MOST PEOPLE THOUGHT.

>> THE CONFIDENCE HE MAY LACK IN

HIMSELF IS MET BY THE CONFIDENCE

OTHERS LACK IN HIM ALL

THROUGHOUT HIS NOMINATIONS, EVEN

WHEN IT SEEMS INEVITABLE,

THERE'S STILL AN EFFORT BY SOME

PEOPLE TO GO FIND SOMEBODY ELSE.

THEY THINK, WHETHER IT'S DONORS

OR POLITICAL PROFESSIONALS, HE

MAY NOT REALLY BE UP TO THE

TASK.

>> WHAT'S INTERESTING TO US, THE

GROUP THAT WAS LOOKING FOR

SOMEONE ELSE FOR THE MOST PART

WOULD BE PEOPLE THAT WOULD BE

CHARTER MEMBERS OF THE MITT

ROMNEY FAN CLUB.

>> RIGHT.

>> HE DID SERVE ONLY ONE TERM AS

GOVERNOR OF MASSACHUSETTS.

BASED ON HIS RESUME AND HIS

BEARING, YOU WOULD THINK THAT

OTHER ELITE RICH PEOPLE WOULD BE

ALL FOR HIM.

WE WRITE ABOUT A GROUP OF

MILLIONAIRES AND BILLIONAIRES

TRY TO GET CHRIS CHRISTIE IN THE

RUNNING.

MITT ROMNEY IS IN A WAR WITH

RICK SANTORUM.

WE'RE EITHER GOING TO GET RICK

SANTORUM AS THEIR NOMINEE OR A

VERY WEAK MITT ROMNEY AND THEY

THINK CAN WE GET SOMEONE ELSE

IN.

THAT GROUP INCLUDED HAILEY

BARBER, IT INCLUDED JOHN

BOEHNER, THE SPEAKER OF THE

HOUSE, AND IT INCLUDED PAUL

RYAN, WHO JUST A FEW MONTHS

LATER WOULD BECOME MITT ROMNEY'S

RUNNING MATE.

>> RIGHT.

>> THESE OVERTURES, JOHN, THAT

MARK IS REFERRING TO, WE HEARD A

LITTLE BIT ABOUT THAT OUT IN THE

GEN POP, THE CHRISTIE APPROACH

TO THESE FOLKS WAS REMARKABLE

BECAUSE AS MUCH AS WE THOUGHT

CHRIS CHRISTIE KIND OF LOOKED AT

THE RACE, YOU SPEND A LOT OF

TIME REFERRING TO AS HAMLET OF

DRUM SWACKET.

HE'S WATCHING UP TO THE -- HE'S

WALKING UP TO THE EDGE OF BEING

MARIO PLOMO IN THIS RACE,

ULTIMATELY DECIDES NOT TO RUN.

BUT CHRIS CHRISTIE WAS LOOKING

AT THIS FAIRLY LATE INTO IT.

>> MUCH MORE CLOSER THAN ANYBODY

THOUGHT AND MUCH MORE CLOSER

THAN HE EVER ADMITTED UNTIL THE

DAY HE ANNOUNCED HE WASN'T GOING

TO DO IT.

UP UNTIL THAT MOMENT, HE KEPT

SAYING NOTHING'S CHANGED,

NOTHING'S CHANGED, IN FACT, IN

PRIVATE, HE'S ON THE PHONE WITH

GEORGE W. BUSH, HE'S ON THE

PHONE WITH BARBARA BUSH, HE'S

MEETING WITH DONORS, THE FOUNDER

OF HOME DEPOT, HE'S MEETING AT

HIS HOUSE WITH CARL ROWE TO GO

THROUGH THE STEPS OF WHAT IT

WOULD TAKE.

HE'S DOING A LOT OF STUFF, GOING

PUBLICLY TO THE REAGAN LIBRARY

AND GETTING SPEECH THERAPY, HE'S

DOING A LOT OF RECON FOR A GUY

THAT SAYS HE'S NOT AT ALL

GETTING IN THE RACE.

AND THEN HE SAYS HE'S GOING TO

DECIDE THIS WEEKEND.

AND THEN AT THE END OF THE

WEEKEND, HE STILL HASN'T MADE UP

HIS MIND.

HE STILL NEEDS ONE MORE DAY WITH

HIS MIND TO TELL HIM, MAYBE THIS

COULD WORK, AND HIS GUT THAT

TELLS HIM, I'M NOT SURE I'M

READY FOR THIS.

>> THE FACT THAT HE'S

CONSIDERING IT IS BORN OF ANGST,

MY FAVORITE THING OF THE ENTIRE

BOOK, AS I'VE SHARED WITH YOU,

WHEN GOVERNOR CHRIS CHRISTIE

DECIDES NOT TO RUN, HE BRINGS

THE ROMNEYS TO HIS HOUSE TO TELL

THEM HE'S GIVING THEM HIS PRIZED

ENDORSEMENT IN THE RACE.

GOVERNOR CHRIS CHRISTIE SAYS I

DO KNOW HOW BIG THIS IS.

AND I THOUGHT THIS GUY, I HOPE

THIS GUY RUNS, TO SEE THIS GUY

AND RICK PERRY, FOR INSTANCE, IN

A RACE TOGETHER KNOCKING HEADS

WOULD BE SOMETHING ELSE.

>> WELL, PART OF WHAT THE TIMING

OF GOVERNOR CHRIS CHRISTIE

INTENSE CONSIDERATION OF THIS

WAS AROUND THE TIME

GOVERNOR PERRY GOT IN.

HE DIDN'T THINK MUCH OF

GOVERNOR PERRY AND HE THOUGHT

ROMNEY WOULD PROBABLY BE THE

NOMINEE, BUT THE FACT THAT

GOVERNOR PERRY WAS BEING THOUGHT

OF AS SUCH A SERIOUS CANDIDATE

REALLY GOT UNDER HIS SKIN.

HE THOUGHT IF THIS IS GOING TO

BE THE BIG DOG IN THIS RACE,

MAYBE I SHOULD RUN.

IF A GROUP OF PEOPLE, NOT VERY

BIG, BUT, YOU KNOW, RECOGNIZABLE

WHO THINK SOME DAY I'M GOING TO

RUN FOR PRESIDENT, AND THE

QUESTION THEY ALWAYS FACE IS, IS

THIS MY TIME?

CAN I WAIT FOUR MORE YEARS?

IN THIS CASE, CHRIS CHRISTIE

DECIDES HE COULD WAIT FOUR MORE

YEARS.

>> : I THINK JOHN IS CORRECT,

WHEN YOU GET INTO THE RACE AT

THAT POINT, PRESIDENT OBAMA IS

THE PRESUMPTIVE FAVORITE.

THE STATE OF THE ECONOMY, THE

UNEMPLOYMENT RATE, AND SO MANY

OTHER THINGS COMING OUT OF THE

DEBT CEILING DEBACLE OF 2011.

HE WAS THE BEATABLE INCUMBENT,

RIGHT?

>> ABSOLUTELY BEATABLE.

AND IF YOU LOOK AT WHAT THE

PRESIDENT FACED IN TERM OF THE

WRONG TRACK PEOPLE THINKING OF

THE COUNTRY, HE'S ON THE WRONG

TRACK, THE UNEMPLOYMENT RATE,

THINGS GOT A LITTLE BIT BETTER,

THE PERCEPTIONS AND THE

STATISTICS GOT A LITTLE BIT

BETTER TOWARDS THE ECONOMY

TOWARDS THE END.

BUT TO THE END OF 2012, I THINK

IT'S PRETTY CLEAR THAT A

STRONGER CANDIDATE WOULD HAVE AT

LEAST MADE IT A HIGHLY

COMPETITIVE RACE, MAYBE TAKING

TRADITIONAL STATES, VIRGINIA.

>> HAD YOU MADE THIS A CAMPAIGN

LITIGATED ABOUT THAT AS OPPOSED

TO ANOTHER SUBJECT.

JOHN, WE'RE USED TO THE

PRESIDENT'S SIGNATURE PHRASE, A

PHRASE THAT'S BEEN ASSOCIATED

WITH HIM, "I GOT THIS." THE

PRESIDENT'S COOL UNDER FIRE.

THERE WERE MANY MOMENTS, NOT

JUST THAT FIRST DEBATE IN

DENVER, WHERE THE PRESIDENT

DIDN'T SEEM TO HAVE VERY MUCH OF

ANYTHING AS A CAMPAIGNER, WE

WERE USED TO THE 2008 OBAMA.

THE 2012 OBAMA WAS MUCH LESS

CONFIDENT.

>> I THINK THAT'S TRUE.

THERE WERE TWO BIG MOMENTS,

PUTTING ASIDE THE DEBATES YOU

TALKED A MINUTE AGO WHEN HE WAS

AT HIS MOST VULNERABLE, YOU

KNOW, THE PRESIDENT'S GOING

THROUGH THIS SERIES OF MEETINGS

WITH HIS SENIOR ADVISERS, AND

THEY REALLY ARE KIND OF AMAZING.

WE DETAILED THEM MEETING BY

MEETING, BECAUSE THEY ARE IN A

LOT OF WAYS -- ONE PERSON IN THE

MEETING DESCRIBES THEM WHERE THE

PRESIDENT IS JUST JUST LAYING

OUT STRATEGIES AND TACTICS,

GOING THROUGH, REMAKES THIS LONG

LIST OF REGRETS IN OFFICE, THIS

IS A GUY WHO'S SEARCHING, HE'S

NEVER REALLY SUFFERED ANYTHING

LIKE THESE KIND OF SETBACKS.

HE'S REALLY TRYING TO FIGURE OUT

WHAT HAVE I DONE, VERY UNCERTAIN

OF HIS FOOTING.

AND AT THAT TIME, THE REST OF

THE CAMPAIGN, EVEN WHEN THEY'RE

KIND OF AN -- ANNIHILATING ON

NEGATIVE ADDS.

>> EVEN ONE OF THOSE THINGS,

VERY FRUSTRATED WITH THAT.

>> THE REALITY, JOHN, HE HAS

BEEN A CONTRADICTION IN A LOT OF

WAYS.

HE SAYS I WANT TO RUN A POSITIVE

CAMPAIGN, BUT HE RAN THE MOST

NEGATIVE ADS IN 2008 I GUESS

IT'S SAID OF ANY CANDIDATE EVER,

AND IN 2012, THEY TRIED TO TAKE

OUT, AND I GUESS ULTIMATELY TOOK

OUT, ROMNEY OUT OF THE REALM OF

PLAUSIBILITY AS HE WAS THE

MASTER OF NEGATIVE CAMPAIGN.

SO FOR ALL OF HIS TALK OF NOT

BEING COMFORTABLE WITH IT, IT

WAS A SUCCESSFUL TACTIC.

>> YOU'RE RIGHT, IN 2008, HE RAN

TONS AND TONS OF NEGATIVE ADS

BUT IF YOU THINK ABOUT THE

RATIO, AS MUCH NEGATIVE AS THERE

WAS IN 2008, THERE WAS ALSO THIS

WHOLE POSITIVE ASPIRATIONAL

SIDE.

>> TEAR DOWN MITT ROMNEY.

A MEASURE, MARK, THAT YOU

REVEALED IN THE BOOK, IN FACT,

WHEN THE BOOK WAS FIRST IN

PEOPLE'S HANDS, MAYBE A LITTLE

BIT EARLIER THAN YOU-ALL

INTENDED FOR IT TO BE, AND THERE

WAS NEWS FROM THE BOOK, IT WAS

RELATED TO EXACTLY WHAT SORT OF

A SITUATION THE OBAMA CAMPAIGN

THOUGHT THEY WERE IN THAT BILL

DAILY, THEN THE CHIEF OF STAFF,

AND SOME OF THE OBAMA CAMPAIGN

STAFF APPARENTLY POLLED SWAPPING

OUT JOE BIDEN FOR HILARY CLINTON

AS A RUNNING MATE IN 2012 MIGHT

BE A DESIRABLE IDEA, BUT IT

MIGHT BE A NECESSARY THING TO

PULL THE PRESIDENT OVER THE LINE

SO UNCERTAIN WERE THEY ABOUT

THIS ELECTION.

>> THEY COULDN'T ASSUME THAT IT

WOULD LEAD TO A WEAKENED

REPUBLICAN NOMINEE.

>> YEAH.

>> AND THE PRESIDENT FELT

OBLIGATED TO LOOK AT EVERYTHING.

BILL DAILY, WHO WAS THEN THE

CHIEF OF STAFF, HAS KNOWN JOE

BIDEN FOR A COUPLE OF DECADES,

THEY'RE VERY CLOSE, BILL DAILY

WAS THE LEADER IN SAYING WE OWE

IT TO THE PRESIDENT TO LOOK AT

THIS.

THEY KNEW THERE WOULD BE A

DOWNSIDE, YOU REPLACE A RUNNING

MATE IN A SITUATION LIKE THAT,

IT'S GOING TO APPEAR WEAK AND

MAYBE PANICKY, BUT IF

HILARY CLINTON WILL BOOST US IN

SOME WAY IN THE POLLS, WE'VE GOT

TO LOOK AT IT.

WE SAY IN THE BOOK IN THIS

POLITICAL TEAM IT WAS BETTER TO

BE HARDHEADED THAN SOFTHEARTED.

AND IF IT EVER CAME OUT, AS IT

DID WHEN OUR BOOK CAME OUT, THAT

BIDEN'S FEELINGS WOULD BE HURT.

PEOPLE DON'T VOTE FOR THE BOTTOM

OF THE TICKET, AND WHATEVER

POPULARITY, HILARY CLINTON

DIDN'T BOOST IT THAT MUCH.

>> JUST THE FACT THAT THEY

CONSIDERED IT, PUT MONEY ON IT.

>> IT SHOWS YOU, A, HOW

DESPERATE THEY ARE, AND, B,

AGAIN, HOW KIND OF CUT-THROAT

THEY ARE, TAKE TO THE PRESIDENT

THE NOTION MAYBE WE'VE GOT TO

REPLACE YOUR FRIEND JOE BIDEN

WHO YOU'VE BASICALLY ALREADY

PROMISED YOU'RE GOING TO RUN

WITH.

>> HOW DID SOMETHING LIKE THAT

NOT GET OUT AT THE TIME?

THIS BOOK CONTAINS SO MANY

THINGS, WE'LL TALK ABOUT THE

BOOK IN A FEW MINUTES.

BUT THERE WERE SO MANY THINGS IN

THIS BOOK, AND THIS WAS AT THE

TOP OF THE PYRAMID, TO THINK IN

THIS WORLD WHERE THERE ARE NO

SECRETS, WHERE EVERYBODY LEAKS,

THERE ARE A THOUSAND WAYS TO

LEARN SOMETHING THAT NEVER

EXISTED BEFORE, HOW DOES

SOMETHING NOT GET OUT?

>> WELL, IN THAT CASE, YOU WILL

RECALL, EVAN, THERE WAS A RUMOR

ABOUT IT.

PEOPLE WILL GO ON CABLE AND

SPECULATE, THIS MIGHT BE A GOOD

IDEA, MAYBE IT'S ON THE TABLE.

AND THE WHITE HOUSE DENIED IT UP

AND DOWN, WHICH, OF COURSE, ONLY

MADE US MORE INTERESTED IN

TRYING TO FIGURE OUT WHETHER OR

NOT THERE WAS SOMETHING THERE.

IT WAS A PRETTY CLOSELY GUARDED

SECRET WITHIN A VERY SMALL GROUP

OF PEOPLE.

THIS WAS LIKE ONLY A HANDFUL OF

PEOPLE WHO KNEW ABOUT IT BECAUSE

IT WAS SO SENSITIVE.

>> NOW A COMPARABLE EXAMPLE ON

THE OTHER SIDE WOULD ACTUALLY BE

THE VICE PRESIDENTIAL

DELIBERATIONS ON THE OTHER SIDE.

YOU ALL PROVIDE AN EXTRAORDINARY

AMOUNT OF DETAIL ON THE VETTING

OF CANDIDATES, FIRST THE LIST OF

11, THEN DOWN TO THE LIST OF

FIVE.

THIS IDEA THAT IT WAS CALLED

PROJECT GOLDFISH AFTER THE SNACK

CRACKERS, AND THEN EACH OF THE

FIVE FINALISTS FOR THE VICE

PRESIDENTIAL NOMINATION

ALONGSIDE ROMNEY ALL HAD CODE

NAMES.

>> THEY WERE TERRIFIC, REALLY

KIND OF GREAT, ALMOST OBVIOUS,

WINCE, KIND OF CODE NAMES.

PAUL RYAN WAS FISHCONSIN.

>> THEY HAD A CODE NAME FOR YOU,

TOO.

>> I'M NOW UNDONE FOR THE

REMAINDER OF THIS INTERVIEW.

>> THE BEST ONE WAS

CHRIS CHRISTIE WAS PUFFER FISH.

>> THIS IS AFTER WE FIND OUT

EARLIER IN THE BOOK THAT THE

NICKNAME FOR CHRIS CHRISTIE IS

BIG BOY.

BUSH 43'S NICKNAME OF

CHRIS CHRISTIE IS BIG BOY.

THEN THEY HAVE THE VICE

PRESIDENTIAL SWEEPSTAKES AND HIS

CODE NAME IS PUFFER FISH.

KIND OF GREAT.

YOU CAN'T MAKE THIS STUFF UP.

>> VICE PRESIDENTIAL SELECTION

PROCESS IS ALWAYS INTERESTING,

AND IT'S ANOTHER CASE EVERY

POLITICAL REPORTER IN THE

COUNTRY IS TRYING TO BREAK THIS.

IMAGINE IF SOMEBODY WOULD HAVE

REPORTED IN THE CAMPAIGN THAT

CHRIS CHRISTIE'S NICKNAME WAS

PUFFER FISH.

THAT WOULD HAVE BEEN QUITE A

THING.

>> THE VETTING OF CHRIS CHRISTIE

AS A POTENTIAL NOMINEE WHICH

THEY DID AND DID NOT GET ACCESS

TO, I WOULD ENCOURAGE PEOPLE TO

READ ABOUT THAT.

ROB PORTMAN'S DECISION TO BE

VETTED, EVEN THOUGH HE WAS

CONCERNED ABOUT THE IMPACT ON

HIS SON WHO AT THE TIME WAS NOT

KNOWN NATIONALLY TO BE GAY, ONLY

ON HIS COLLEGE CAMPUS AND

FAMILY.

AND ROB PORTMAN'S DECISION TO

SWITCH HIS POSITION ON SAME-SEX

MARRIAGE BECAUSE OF HIS SON.

>> GREAT HUMAN STORY.

>> ALL ON THE VICE PRESIDENTIAL

STUFF IS NEW STUFF THAT YOU

WOULD HAVE IMAGINED IN THIS

WORLD WOULD HAVE COME OUT.

>> WE HAVE ENJOYED IN BOTH OF

OUR BOOKS FOCUSING ON VICE

PRESIDENTIAL VETTING.

THEY'RE ALL EXAMPLES OF THE SAME

THINGS, IN BOTH -- THE SAME

PHENOMENON, WHICH IS THAT WE

HAVE THIS INCREDIBLY SPED UP

MEDIA ECOLOGY THAT WE LIVE IN

WHERE THE METABOLISM IN THE

MEDIA MOVES SO FAST.

PEOPLE FOCUS ON SUCH A VERY

BRIEF AMOUNT OF TIME, ONE OF THE

THINGS THAT WE BRING REALLY IS

JUST TIME.

>> AND IT'S THE SAME FOCUS,

RIGHT?

>> WE HAVE TIME, SUSTAINED

FOCUS, INTERVIEWS, MANY OF THEM

DONE AFTER ELECTION DAY.

THERE'S NOBODY ON THE WORLD

TODAY WHO'S ON TWITTER, ON

NEWSPAPER, ON TELEVISION IS

GOING BACK AND ASKING PEOPLE

ABOUT WHAT HAPPENED SIX MONTHS

AGO.

>> WE GO BACK, IT'S SIX MONTHS

LATER, WE'RE STILL TALKING TO

PEOPLE ABOUT THESE THINGS, OVER

AND OVER AND OVER AGAIN. IT'S

REALLY JUST A MATTER OF AS MUCH

AS PERSPIRATION AS IT IS

ANYTHING ELSE, JUST HAVING THE

TIME.

>> AT THE SAME TIME, PEOPLE ARE

ON TO YOU NOW.

FOUR YEARS AGO BEFORE "GAME

CHANGE," THE KIND OF BOOK YOU

WROTE ULTIMATELY HAD BEEN

WRITTEN IN SOME WAYS BEFORE.

THERE WAS THE CLASSIC NEWSWEEK

"LET'S REPORT THE CAMPAIGN," BUT

NOT ACTUALLY REPORT IT UNTIL

AFTER THE FACT, THAT'S THE

AGREEMENT, AND THEN THEY COME

OUT WITH THIS THING.

BUT "GAME CHANGE" WAS SORT OF

THE VERY BEST AND THE MOST

SUCCESSFUL OF THOSE.

IS IT HARDER FOR YOU, PEOPLE WHO

SAW THE LAST BOOK, WERE THERE

PEOPLE MORE RELUCTANT TO TALK TO

YOU?

TALK ABOUT THIS TIME VERSUS LAST

TIME.

>> IT WAS ALMOST EXACTLY THE

SAME IN TERMS OF HOW HARD IT

WAS.

>> YEAH.

>> WIDESPREAD EXTENSIVE

COOPERATION FROM PEOPLE IN BOTH

PARTIES.

>> : RIGHT.

>> THE THINGS THAT CAUSED PEOPLE

TO COOPERATE WITH US THE FIRST

TIME WERE ALL STILL THE CASE,

INCLUDING OR LONG-STANDING

PROFESSIONAL RELATIONSHIPS WITH

PEOPLE IN BOTH PARTIES.

>> YEP.

>> AND A RESPECT FOR THEIR TIME

AND FOR WHAT THEY DID IN PUTTING

THEIR HEART AND SOUL INTO

WHATEVER CAMPAIGN THEY WORKED ON

OR FOR THE CANDIDATES' CAMPAIGNS

THEY RAN.

WE HAD VERY FEW PEOPLE DECLINE

TO PARTICIPATE.

>> OF COURSE, THAT'S THE UP

VERSION.

THE MORE CYNICAL VERSION IS

PEOPLE WANT THEIR VERSION OF THE

STORY OUT THERE.

SO IN SOME RESPECT, THEY'RE

MOTIVATED TO TELL THEIR VERSION

OF THE STORY.

>> HONESTLY, THE QUESTIONS OF

THE MOTIVATIONS OF WHY PEOPLE

TALK TO US, IT'S ALMOST BESIDE

THE POINT.

IN JOURNALISM, WHATEVER

JOURNALISM YOU DO, DAILY,

MONTHLY, WEEKLY, BROADCAST,

ELECTRONIC, WHAT YOU'RE DOING IS

SORTING AMONG ALL KINDS OF

MOTIVATIONS.

THAT'S WHAT YOU DO.

THAT'S WHAT WE'RE ABOUT.

THAT'S WHAT OUR JOB IS.

>> RIGHT.

>> IT'S TRYING TO FIGURE OUT

WHAT ACTUALLY HAPPENED,

REGARDLESS OF WHAT PEOPLE'S

MOTIVATIONS FOR TELLING YOU.

IF THEY TELL YOU SOMETHING, IT'S

TRUE; IF THEY TELL YOU SOMETHING

IS FALSE, IT'S FALSE.

AND OUR JOB IS TO FIGURE THAT

OUT.

>> THE VOLUME OF THE INTERVIEWS

ARE OBVIOUSLY QUANTITATIVELY

DIFFERENT THAN WHAT JOURNALISMS

ARE ABLE TO DO THESE DAYS.

IF YOU ARE INTERVIEWING SOMEBODY

EIGHT TIMES, AFTER A SENSE

YOU'RE GOING TO GET A SENSE IF

WHETHER THEIR STORY MATCHES UP.

THAT QUANTITY OF INTERVIEWS JUST

MAKES THAT POSSIBLE.

>> WHAT IS THE TAKE-AWAY FROM

THIS BOOK?

SO IF SOMEBODY WHO IS COMING TO

THIS BOOK, THEY PAID SOME

ATTENTION TO THE CAMPAIGN BUT

THEY NOW WANT TO UNDERSTAND WHAT

THE LESSON OF THIS CAMPAIGN IS

THROUGH THE LENS OF YOUR BOOK.

>> WELL, BOILING IT DOWN TO ONE

IS HARD, IT'S KIND OF THE SAME

LESSON AS LAST ONE, WHICH

RUNNING FOR PRESIDENT IS AN

EXTRAORDINARY HUMAN ENDEAVOR

THAT REQUIRES A LOT OF SKILL AND

A GOOD MEASURE OF LUCK.

>> SAME.

DO YOU AGREE WITH THAT?

>> I WOULD SAY THE MAIN LESSON

OF THIS BOOK -- THERE'S TWO.

>> YES.

>> ONE IS THAT -- LET THE RECORD

SHOW I RESTRICTED MYSELF TO ONE.

>> YOU DID.

>> ONE IS THAT YOU REALLY OUGHT

TO GET SLEEP.

SLEEP IS CRUCIAL.

ALMOST EVERY BIG MISTAKE -- I

THINK IN LIFE.

EVERY BIG MISTAKE MADE IN THE

BOOK IS MADE BY A CANDIDATE IS

BECAUSE THEY'RE OVERTIRED.

THE OTHER IS GOLF.

WE HAD NO IDEA, BUT THERE ARE

APPARENTLY, LIKE, 13 PIVOTAL

GOLF SCENES IN THE BOOK.

WE DIDN'T KNOW WE WERE WRITING A

BOOK ABOUT GOLF, BUT WE WERE.

>> LET ME ASK YOU TO ROLL

FORWARD, YOU HAVE LIVES AS

EXPERT POLITICAL REPORTERS,

COMMENTATORS, YOU PAY ATTENTION

TO THIS STUFF ALL THE TIME.

YOU DIDN'T STOP PAYING ATTENTION

WHEN THE BOOK REPORTING WAS

DONE. THE PRESIDENT IS IN A

WORLD OF HURT RIGHT NOW.

IF THE ELECTION HAD BEEN IN

2013, AS OPPOSED TO 2012, YOU

CAN ALWAYS PLAY THIS GAME, MUCH

MORE CHALLENGING SITUATION FOR

HIM?

HE HAD NOT A VERY GOOD YEAR FOR

A GUY WHO WON ELECTION A YEAR

AGO.

>> TAKE IT BACK TO THE BOOK,

BECAUSE THAT'S MY ANALYSIS. HE

RAN IN A WAY BASICALLY SAYING

THE LAST YEAR OF HIS FIRST TERM

WAS GOING TO BE DEVOTED NOT TO

GETTING ANYTHING DONE, BECAUSE

HE DIDN'T THINK HE COULD WITH

THE REPUBLICANS, BUT TO TRY TO

WIN THE ELECTION, GET A NEW

MANDATE, AND GET THINGS THROUGH.

HE DID IT ALIENATING THE

BUSINESS COMMUNITY AND HE DID IT

IN A WAY THAT DIDN'T LEAVE HIM

THAT CLOSE TO DEMOCRATS IN

CONGRESS.

SO HE STARTS THE TERM IN A VERY

WEAK POSITION.

AND I'VE BEEN SAYING FOR A

WHILE, IF HE CAN'T WRITE THE

SHIP THIS YEAR, THE NOTION THAT

REAL WIN BACK CONTROL OF THE

HOUSE TO THE DEMOCRATS, I THINK,

IS PRETTY LUDICROUS, AND THAT

MEANS HE MAY HAVE A FOUR-YEAR

TERM WHERE NOTHING GETS DONE.

>> THAT'S THE DISCUSSION RIGHT

NOW, THE HEALTHCARE.GOV

SITUATION, AND WE'RE NOT OUT OF

IT, BUT BASICALLY ROLLING OUT OF

IT, HE MAY BE A LAME DUCK NOW

AND UNABLE TO GET ANY BIG --

LOOK WHAT IT'S DOING TO HIS

JUDICIAL NOMINEES AS WE SIT

HERE.

>> THE ONE THING THAT THE WHITE

HOUSE HOLDS ON TO IS THE BEAT OF

THE NEWS CYCLE. SIX WEEKS AGO

REPUBLICANS WENT AFTER THE

SHUTDOWN, AND IT WAS JUST OVER.

THE HEALTHCARE THING HIT IN A

BIG WAY.

NOW OBAMA HAD DEEMED IT

IMPOSSIBLE, THIS WILL HAVE A

SHORTER HALF-LIFE THAN WE THINK,

ESPECIALLY IF THEY CAN GET THE

PROBLEM FIXED WITH HEALTHCARE.

THE COMBINATION OF THE

HEALTHCARE WEBSITE AND THE

THINGS THAT ARE ATTACHED TO

THAT, THE SYSTEMIC ISSUES AROUND

THE HEALTHCARE SYSTEM, IF THOSE

THINGS GET FIXED IN A RELATIVELY

TIMELY WAY, I THINK HE CAN STILL

RECOVER.

IF THEY CAN'T, HE'LL BE DONE,

BECAUSE HIS CREDIBILITY NOW IS

SO MUCH AT STAKE.

>> I THINK DOING HEALTHCARE IN A

PARTISAN WAY IS GOING TO GO DOWN

IN HISTORY AS SOMEWHAT AN ERROR

AND MAYBE A GIGANTIC ERROR.

THEY SUGAR-COATED THAT THERE'S

GOING TO BE LOSERS UNDER THIS

REFORM.

>> THERE HAS TO BE.

>> AND AS MORE PEOPLE SEE THEIR

HEALTHCARE CHANGE OR THEIR

PREMIUMS GO UP OR THE OVERALL

COST IN TERMS OF HOW THEIR

HEALTHCARE SPENDING GOES, I

THINK HE'S GOING TO FACE A

NITPICKING BY HIS OPPONENTS THAT

IT'S GOING TO BE VERY DIFFICULT

TO MAKE THIS SEEM IN THE

SHORT-TERM LIKE A WINNER OF THE

COUNTRY.

>> YOU GUYS WILL END HERE.

DOES IT LEECH INTO 2016? SO

HILARY CLINTON LEAVES THE

ADMINISTRATION AT THE END OF THE

FIRST TERM, SHE'S CHILLING, BUT

OBVIOUSLY SHE'S LOOKING REALLY

HARD BY ALL ACCOUNTS AT RUNNING

IN THE NEXT ELECTION. AND UNTIL

THESE PROBLEMS, THE ASSUMPTION

WAS THAT, YOU KNOW, WHATEVER

HAPPENED IN THE OBAMA

ADMINISTRATION MIGHT NOT REALLY

LAND AT HER FEET.

DOES THAT CALCULATION, JOHN, NOW

CHANGE?

>> WELL, I THINK YES.

CERTAINLY.

I MEAN, SHE'S GOING TO BE

RUNNING -- IF SHE RUNS, AND IF

SHE BECOMES THE DEMOCRATIC

NOMINEE, THE DIFFICULTY,

HISTORIC DIFFICULTIES OF WINNING

A THIRD CONSECUTIVE TERMS FOR

THE IN-POWER PARTY ARE, YOU

KNOW, HIGH BAR.

>> RIGHT.

>> AND RIGHT NOW, PUT ASIDE

HEALTHCARE, RIGHT NOW, THE

ECONOMY'S GOTTEN A LITTLE

BITTER, BUT THE OVERALL EIGHT

YEARS OF OBAMA MAY NOT BE A

PERIOD THAT ANYONE WILL EVER

LOOK BACK ON AS HAVING BEEN A

PERIOD OF STRONG ECONOMIC

GROWTH. UNEMPLOYMENT IS STILL

ACTUALLY QUITE HIGH.

AND HE -- SHE WAS A MEMBER OF

HIS ADMINISTRATION.

THERE'S STILL, SHE'S -- HER MAIN

THING -- HER LAST JOB WOULD HAVE

BEEN SECRETARY OF STATE FOR

BARACK OBAMA, AND SHE'S GOING TO

BE HAVING TO DEAL WITH THAT.

>> AGREE?

>> I DO.

THE THIRD PARTY IS A TOUGH

THING.

ONE OF THE THINGS THE PRESIDENT

HAS NEVER SOLVED IS WHAT IS THE

OBAMA THEORY ABOUT THE CASE OF

THE ECONOMY.

AND THE ECONOMIC STATISTICS,

UNLESS THERE'S SOME CHANGES,

WILL NOT BE GOOD.

>> FAIRLY LIMPING ALONG.

>> I THINK PEOPLE WANT TO SEE A

PRESIDENT IN THIS AGE WITH SO

MUCH UNCERTAINTY IN ECONOMY,

THAT'S HIS PLAN, THAT'S HIS

THESIS ABOUT HOW THE AMERICAN

ECONOMY SHOULD WORK.

I DON'T THINK HE'S MADE THAT

CASE IN A WAY THAT I COULD

ENUNCIATE, I THINK MOST VOTERS

WOULD FEEL THE SAME WAY.

I THINK THAT'S A DANGER FOR HIM.

AS WELL AS A DANGER FOR THE NEXT

DEMOCRAT. BUT IF THEY'VE GOT A

BETTER WAY TO ENUNCIATE IT, THEN

MAYBE THEY HAVE A CHANCE.

>> ONE BIG THING IN HER FAVOR

WHICH THE REPUBLICAN HAVE DONE

NOTHING, NOTHING, IN THE LAST 12

MONTHS TO CURE THE FUNDAMENTAL

STRUCTURAL PROBLEMS THEY HAVE

WITH WINNING A NATIONAL

ELECTION.

>> YEAH.

>> THEY'VE NOT MOVED THE BALL

FORWARD 1 INCH SINCE ELECTION

DAY OF 2012, AND IF THEY ARE AT

STATUS QUO FROM ELECTION DAY

2012, THEY WILL LOSE BIGGER THAN

THEY LOST IN 2012, BECAUSE

THEY'RE JUST STRUCTURALLY

BEDEVILED RIGHT NOW.

>> THE HUNT FOR PUFFER FISH,

WHAT'S THE NAME OF THE BOOK

GOING TO BE?

>> AS YOU STAY IN THE TELEVISION

WORLD, STAY TUNED.

>> THANK YOU, BOTH, FOR COMING

BACK.

GREAT TO SEE YOU BOTH,

PERSONALLY AND PROFESSIONALLY.

JOHN HEILEMANN, JOHN HALPERIN,

THANKS VERY MUCH.

>> THANK YOU.

>> THANK YOU.

>> WE'D LOVE TO HAVE YOU JOIN US

IN THE STUDIO.

VISIT OUR WEBSITE AT

KLRU.ORG/OVERHEARD TO FIND

INVITATIONS TO INTERVIEWS, Q AND

AS OF PAST GUESTS AND AN ARCHIVE

OF PAST EPISODE.

>> CHRIS CHRISTIE PURSUES THE

GUY BRANDISHING AN ICE CREAM

CONE HECKLING HIM, NOT

NECESSARILY THE MOST

PRESIDENTIAL ACT EVER COMMITTED.

>> FUNDING FOR OVERHEARD WITH

EVAN SMITH IS PROVIDED IN PART

BY MFI FOUNDATION, IMPROVING THE

QUALITY OF LIFE WITHIN OUR

COMMUNITY, AND FROM THE TEXAS

BOARD OF LEGAL SPECIALIZATION,

BOARD CERTIFIED ATTORNEYS IN

YOUR COMMUNITY.

EXPERIENCED, RESPECTED AND

TESTED.

ALSO, BY HILCO PARTNERS, TEXAS

GOVERNMENT AFFAIRS CONSULTANCY

AND IT'S GLOBAL HEALTH CARE

CONSULTING BUSINESS UNIT, HILCO

HEALTH, AND BY THE ALICE KLEBERG

REYNOLDS FOUNDATION AND VIEWERS

LIKE YOU.

THANK YOU.

>> NEXT TIME ON OVERHEARD, THE

COAUTHORS OF "DOUBLE DOWN" JOHN

HEILEMANN AND MARK HALPERIN.

>> IF THEY TELL YOU SOMETHING

IT'S TRUE, IT'S TRUE.

IF THEY TOLD YOU SOMETHING WAS

FALSE, IT'S FALSE.

THE THINGS THAT CAUSED PEOPLE TO

COOPERATE WITH US THE FIRST TIME

IS STILL THE CASE, INCLUDING OUR

LONG-STANDING PROFESSIONAL

RELATIONSHIPS IN BOTH PARTIES,

NOT JUST IN THE OBAMA AND ROMNEY

WORLD.