On January 21, the day after Barack Obama's inauguration, Reason.tv's Michael C. Moynihan and Nick Gillespie sat down with David Frum, the former Bush speechwriter, author of Comeback, and New Majority impresario and Steve Clemons, of the New America Foundation and The Washington Note to talk about the new president's speech and much more.

The first of two parts. Approximately 16 minutes.