WEBVTT

1
00:00:04.240 --> 00:00:09.640
This is later with Lee Matthews the
Lee Matthews Podcast More of what you here

2
00:00:09.759 --> 00:00:14.320
weekday afternoons on the Trips. John
Dalton he is the seventieth Secretary of the

3
00:00:14.439 --> 00:00:19.359
Navy, and he is writing with
He's written with honesty and humility about his

4
00:00:19.399 --> 00:00:22.839
career in the Navy, the financial
sector, and the White House, focusing

5
00:00:22.839 --> 00:00:27.600
not only on his accomplished but but
also the failures and toughest challenges he's had

6
00:00:27.879 --> 00:00:32.759
among these significant moments. His name
of the book is at the Helm,

7
00:00:32.759 --> 00:00:37.520
my journey with family, faith and
friends to calm the storms of life.

8
00:00:37.560 --> 00:00:41.960
Mister Secretary, good to have you
on. Thank you very much. I

9
00:00:42.000 --> 00:00:45.359
appreciate it. You and I have
a lot in common. You're we're from

10
00:00:45.399 --> 00:00:48.359
the same part of the country.
You're from New Orleans. I grew up

11
00:00:48.359 --> 00:00:54.039
in New Iberia, ninety miles west
and am a fellow cradle born Episcopalion.

12
00:00:55.520 --> 00:00:59.960
Well, thank you very much,
Lee, I appreciate it. So girl,

13
00:01:00.000 --> 00:01:03.479
go up. Did any Did you
have anything to do with the water

14
00:01:03.520 --> 00:01:07.400
growing up in the New Orleans area? No, I did, did not.

15
00:01:08.560 --> 00:01:12.719
I lived. I moved to Streport
at three years old, and the

16
00:01:12.760 --> 00:01:23.760
Red River ran through the city.
But it didn't have. I was not

17
00:01:23.239 --> 00:01:29.439
involved in water sports at all.
For those who don't know that part of

18
00:01:29.439 --> 00:01:33.120
the Red River, at some points
you could almost just walk across it.

19
00:01:33.280 --> 00:01:38.200
Sort of. Many choose the Navy
because they want to see the world.

20
00:01:38.280 --> 00:01:46.680
What sealed the deal for you?
Well, I went to an assembly out

21
00:01:46.680 --> 00:01:53.519
of my high school and the speaker
said that he wanted his son to go

22
00:01:53.599 --> 00:02:00.280
to the US Naval Academy because he
was convinced that was the best overall education

23
00:02:00.920 --> 00:02:08.759
a young man could get. And
that was before they inducted William I mean

24
00:02:08.919 --> 00:02:15.280
women. And and so I said, ahha, that's what I'll do.

25
00:02:15.439 --> 00:02:25.560
And and I was very much involved
in in applying to the Naval Academy.

26
00:02:25.599 --> 00:02:32.240
And I learned in my senior year, late in my senior year that I

27
00:02:32.280 --> 00:02:38.840
was not accepted, and so I
went to LSU for a year. But

28
00:02:38.599 --> 00:02:50.639
fortunately my next door neighbor said the
congressman eat breakfast at her drug store every

29
00:02:51.199 --> 00:02:59.120
morning when the Congress is in recess. And I went up there and visited

30
00:02:59.280 --> 00:03:05.080
with him, and I totally if
he would appoint me to the his principal

31
00:03:05.080 --> 00:03:08.080
appointment, he would not regret it. And he agreed to do that,

32
00:03:08.240 --> 00:03:16.439
and I was off to the Naval
Academy and I served in submarines and I

33
00:03:17.039 --> 00:03:23.039
had a great, great life,
blessed life. That's one of the first

34
00:03:23.120 --> 00:03:27.919
lessons I imagine in getting what you
want out of life is to ask for

35
00:03:28.000 --> 00:03:34.639
it. Yeah. Absolutely, you
bet at the at the Helm. At

36
00:03:34.639 --> 00:03:38.960
the Helm, and we're talking with
the seventieth Secretary of the Defense, John

37
00:03:38.039 --> 00:03:42.400
Dalton, And at the Helm's the
name of his book. So at some

38
00:03:42.479 --> 00:03:46.879
point did you get tired of never
seeing the sun in a submarine? No?

39
00:03:47.360 --> 00:03:51.759
I really did? You know?
You were there with an hundred and

40
00:03:52.240 --> 00:03:57.759
thirty other people, and you get
used to it. And I was.

41
00:04:00.039 --> 00:04:09.800
I really enjoyed my time in submarine
service. And were for seventy days at

42
00:04:09.800 --> 00:04:15.879
a time we were submerged, and
that's ten weeks, and that's a long

43
00:04:15.960 --> 00:04:21.879
time. And also my wife is
with me, Margaret, and she tells

44
00:04:21.920 --> 00:04:26.720
me, if I decided to write
another book, it's going to be with

45
00:04:26.759 --> 00:04:32.319
another wife. John Dalton's with us
at the Helm. He writes with honesty

46
00:04:32.319 --> 00:04:36.839
and humility about his life and being
Secretary of the Navy. The name of

47
00:04:36.879 --> 00:04:41.480
the book is At the Helm,
My journey with family, faith and friends,

48
00:04:41.680 --> 00:04:45.480
and the calms of life. Then
you decided to really take another U

49
00:04:45.560 --> 00:04:49.079
turn and get into the financial sector. Yes, sir, I did.

50
00:04:50.439 --> 00:04:58.399
We had a terrible tragedy in my
family and I decided that I couldn't get

51
00:04:58.399 --> 00:05:03.360
home from Rhodas, and I decided
to get out of the Navy and went

52
00:05:03.519 --> 00:05:11.879
back to get my MBA at the
Wharton School in the University of Pennsylvania and

53
00:05:13.879 --> 00:05:21.079
got out of the Navy and was
in the financial sector after after the MBA

54
00:05:21.240 --> 00:05:27.879
degree. And then that you,
uh, you experienced your own troubled waters

55
00:05:27.920 --> 00:05:31.480
in the form of that savings and
loan crisis. Yes, sir, I

56
00:05:31.560 --> 00:05:35.920
did. Uh. That was the
worst time of my life. And I

57
00:05:36.160 --> 00:05:45.639
found that family, faith, and
friends were very important to me at that

58
00:05:45.839 --> 00:05:55.000
time and it got me through that
tragedy or that crisis. And then John

59
00:05:55.040 --> 00:05:59.519
Dalton made his way to be the
Secretary of the Navy under the Clinton administration.

60
00:06:00.160 --> 00:06:03.560
Uh, and it became the seventieth
Secretary of the Navy. Um.

61
00:06:03.600 --> 00:06:09.279
Of all these these lessons in life, what is the biggest lesson you think

62
00:06:09.279 --> 00:06:14.959
you learned in that experience of the
savings and loan crisis. Well, I

63
00:06:15.000 --> 00:06:19.399
would have to say, uh,
it's always trust in God. That was

64
00:06:20.040 --> 00:06:26.360
the last thing my father said to
me on his death bed when I had

65
00:06:26.399 --> 00:06:32.000
to leave him. He said,
always trust in God. And that's been

66
00:06:32.120 --> 00:06:39.959
the highlight of my life. And
We're with We're with John Dalton at the

67
00:06:40.040 --> 00:06:43.959
Helm is the name of his book. Were there any similarities between what happened

68
00:06:44.000 --> 00:06:48.680
and that savings and loan crisis and
what just happened in Silicon Valley, Well,

69
00:06:48.800 --> 00:06:57.439
I don't think so. I think
the Treasury and the Fed Federal Reserve

70
00:06:57.560 --> 00:07:04.079
System have have done a fine job
of monitoring that circumstance, and I don't

71
00:07:04.079 --> 00:07:11.639
think we'll have another crisis like we
had in Texas with the savings in our

72
00:07:11.680 --> 00:07:18.920
own crisis. And by the way, I'm donating the proceeds that I would

73
00:07:18.959 --> 00:07:27.759
get to the National Cathedral, the
Naval Academy Foundation, and Community Renewal International,

74
00:07:28.319 --> 00:07:36.160
And so I'm not trying to sell
this book for personal reasons to go

75
00:07:36.279 --> 00:07:44.079
to those organizations. The National Cathedral
is a worthy recipient of your funds.

76
00:07:44.120 --> 00:07:46.360
I don't know that a lot of
people realize it sustained a lot of damage

77
00:07:46.360 --> 00:07:49.680
in an earthquake here a couple of
years back, along with the Washington Monument.

78
00:07:49.920 --> 00:07:53.720
And if you are in Washington,
DC. It is worth a trip

79
00:07:53.759 --> 00:07:56.959
to the National Cathedral, worth a
trip to the bookstore to pick up a

80
00:07:56.959 --> 00:08:00.920
copy of At the Helm, My
journey with family, faith and friends to

81
00:08:01.079 --> 00:08:05.279
calm the storms of life. John
H. Dalton, seventieth Secretary of the

82
00:08:05.360 --> 00:08:07.360
Navy, Thank you for your wisdom
and for joining us today. Thank you,

83
00:08:07.439 --> 00:08:13.079
Lollie, I appreciate it very much. Thanks for listening to Later with

84
00:08:13.279 --> 00:08:16.920
Lee Matthews, the Lee Matthews Podcast, and remember to listen to The Drive

85
00:08:18.240 --> 00:08:22.839
Live weekday afternoons from five to seven
and Ihearts Media presentation