margaret threat -- margaret thatcher said they did not work. and they have not. they have results that are not desirable, unintended consequences. >> the germans have man -- have made 1700 deals in iran. >> you don't know what they are doing in the dark. how do you feel about sanctions? >> the only sanctions i have seen that makes sense would be to deprive them of 60% of the gasoline they need, because they don't have sufficient refining capacity. >> nothing else? >> they all drove around in cars these days. i think there ascensions and there are sanctions. i go to world war room one, a blockad i, that wasn't just a ll document. it was in war-time also. >> i was in world war ii. the blockade of iran would be a serious form of sanction, it would require an act of war almost, blocking a country. short of that legal sanctions and diplomatic sanctions and economic sanctions have a limited opinion. here is a major oil producer that still relies on imported gasoline to fuel its economy. >> it is extraordinary. >> that makes them vulnerable in that respect. i am very sk

margaret threat - margaret thatcher said they d not work. and they hav not. they have resultthat are not desirable, untended consequees. >> t germans have man -- have made 10eals in iran. >> you don't ow whathey are doing inhe dark. how do you feel about sanctions? >> the only sanctions i have se that makes sen would be to depve them of 60% of th gasone they need, because they don't have sufcient refining capacity. >> notng else? >>hey all drove around cars these days. think there ascensions and there areanctions. i go world war roomne, a blockad i, that wasn't just a ll document. it was in war-time also. >> i ws in world war ii. the blockade of iran would be a serious form sanion, it would reire an act of war alst, blockg a count. short of that legal sanctions and diplomatic sanctions a economic sations have limited opinion. here is a major oil producer thattill relies on impord gasoline to fuel its econo. >> it is extrrdinary. that mas them vulnerable in th respect. i am very skeptical of that sanctions have long impact on a place like iran. iran is a very

perhaps for historical purposes, go back to the first gulf war of 1990 in which margaret thatcher said herbert walker bush, don't go wobbly on my, george, when she felt that he was not prepared to pursue a war of saddam after he invaded and brutally treated people of kuwait. this was not a war, but this was an emergency situation. your threat is admitted. your threat was because you felt that there were clearly disaster if they went -- if they didn't go forward with it. after i -- one more thing i'd like to ask you to elaborate on that and how mr. cuomo came to give us the line he did. as i understand is had the mac clause been completely valid, had ken lewis renegotiated, had they agreed to new terms or to auto break-up, isn't it through that, in fact, we would have had a long period of time well noticed wsh statutory notice for stockholders and then a stockholder vote occurred? >> yes, there is -- if there had been a renegotiation, there would have been an extended period and there would have been a revote is my understanding. >> and isn't it that which is at the center of you why yo

margaret thatcher was the 17th prime minister lected in his lifetime an by the attacks of september 11th his lifead spann threecenturs. in 1915 the tnager from cckton in east london joined he fledglng royal naval air rvice as a mechanic. he tnessed theattle of jetlund. posted to the weste front was never involved. he was the last surriving member of the -- >> i never repa him. >> reporr: 'd had to break dance if his life he'd said. genial, self-effacing m had lived sometng of a life, reuctant top discuss the great war. who urging him to reconsider. >> when i found him living in east lonn on his own living in his flat he did n want to know abut the first word war and atly refused. ving anything do. in fac i didn't get further than a small attitude in e door with henry's face pointed t and the doorlosedrapidly. >> hey william allingham. on behalf of therench president, confer youhe officer of the legion ohonor ith congratulations. >>eporter: he was said the queen today was of anique generation an srificed so much for us all. he wa asked repordly how he wanted to remembered, i don't. i want

margaret thatcher was the 17th prime minister elected in his lifetime and by the time of the attacks of september 11th his life had spanned three centuries. in 1915 the teenager from clapton in east london joined the fledgling royal naval air service as a mechanic. he witnessed the battle of jutland. and although posted to the western front was never directly involved in trench warfare. 6 he was the last surviving member of the r.a.f. >> men, he gave match to me. i never repaid him. never me but for them. you're all here. >> reporter: he'd had to break dance in his life, he'd said. and this by all account, genial, self-effacing man had lived something of a life, reluctant to discuss the great war. who urged him to reconsider. >> when i found him living in eastbourne, london ohis flat, he did not want to know about the first world war and flatly refused. having anything do. in fact i didn't get further than a small attitude in the door with henry's face pointed out and the door closed rapidly. >> henry william allingham, on behalf of the french president, i confer upon you the officer

to talk to sarah palin because interestingly, margaret thatcher is the daughter of a grocer. she had to teach herself to speak proper english and i think sarah palin will probably have to stop that dropping her g's but that's minor compared to the star appeal she has. >> david fromm? let me talk about the north star. the reason for her appeal. it is an amazing thing that a governor's most notable achievement in office was to distribute an extra $1200 year to every resident in alaska. she would include in her speech about government handouts. when she was popular in alaska, she gave everybody $1200. but she's leaving with her state in great fiscal difficulty. i don't know what kind of right-wing republican you are by saying i'm raising taxes an oil companies. as a right-winger it's a strange approach. >> let's go back to anne's point. what about the idea that she's really the one that represents, can she reach over? can she reach over to what we used to call "reagan democrats?" can she win it all? >> we know the answer to this question because we can see what happened in 2008

pension reform habeen imitated right across the region and indeed around the worl for brita's margaret thatcher general fromhile and the professor fr chicago were heroes who'd monstrated that only by rolling back the welfare state could vernments revive economigrowth. yet one country where is recipe has not been trd is the coury that's come to ne it most. japan. so successfuwas the japanese welfare perpower that by the 1970s, life expectancy was the longest in the world the problem was th japan's welfare stat was too successful. toy, the programs run here japan's ministry of weare rely on ever-smaller number of aive workers to support an everising population of reties. ba in 1960, there was someing like 11 active workers for every one retired rson. but by 2025, that number uld sink as low as 2. in other words, there wille one old-age pensioner foevery 2 bureaucrats workg here at the ministry. in just 30 years, e cost of social securityenefits has risen in relation to japan's national ince by a factor of 4. toy, virtually all japan' health insurance societi arin deficit, and the pension nds are

. >> do i think she is margaret thatcher? no, i don't, but i think she is a good dame. i think she made a much tougher call than any of us after that amnio for five months where they tell you the kid has down syndrome and you go ahead. i think she has good stuff. you know what? people when they say i hate her, i go really, you can summon up hate for her? bill: it's pretty pathetic, it is. sotomayor, another good woman, i think. i think she is a good woman. what do you think about her performance? >> she is going to make it through. well, listen, i hate watching those things. i think they are saddening because i think it points out how stilted our political system is. that q and a is such a brain-dead samba. i haven't seen choreography that stiff since the lee harvey oswald prison transfer. i will tell you this, i think the republicans misplayed this. this is a tradeout for souter who was bush 41's gack. this was a lateral move on the flow chart, liberal for liberal. they should have got so behind this woman right off the bat, you have got to save the powder for the stev

. >> when you look at some of the great world leaders, gold ma my years margaret thatcher, maybe that'seds. >> i'm never going to run for supreme court. a wise woman will always beat out a wise man. >> give me a woman and a man in the same town, i'll take the woman every time. >> a gop lawmaker gets a little friendlier. he got beyond friendly. he had sex with his intern. >> president obama making it a bud light at the white house tomorrow. >> there are other women. why an intern? is there something about an intern? >> vulnerable probably most impress with the power and being taken advantage of. that's another segment. "hardball," chris matthews talks to the former president president of the ncaa about this wave of racially charged rhetoric. chris matthews up next. announcer: kids who don't eat breakfast aren't getting the nutrition they need - to keep their bodies strong. - ( school bell rings ) - hey, jessica. - hey, billy. announcer: a nutrious start to the day is essential. that's why carnation instant breakfast essentials supplies all the nutrients of a complete breakfast. so kids g

. >> do i think she is margaret thatcher? no, i don't, but i think she is a good dame. i think she made a much tougher call than any of us after that amnio for five months where they tell you the kid has down syndrome and you go ahead. i think she has good stuff. you know what? people when they say i hate her, i go really, you can summon up hate for her? bill: it's pretty pathetic, it is. sotomayor, another good woman, i think. i think she is a good woman. what do you think about her performance? >> she is going to make it through. well, listen, i hate watching those things. i think they are saddening because i think it points out how stilted our political system is. that q and a is such a brain-dead samba. i haven't seen choreography that stiff since the lee harvey oswald prison transfer. i will tell you this, i think the republicans misplayed this. this is a tradeout for souter who was bush 41's gack. this was a lateral move on the flow chart, liberal for liberal. they should have got so behind this woman right off the bat, you have got to save the powder for the stev

. >> it is nearly two years into told us you were a conviction politician in the mold of margaret thatchergiven the you turns we have seen since then, which used to compare yourself with that lady? >> i have a very strong belief that what we are doing to sort out art at economic and financial problems and those that rose from the parliamentary expenses issue are the right policies. i do not flinch from the difficult decisions we have to make. when people look back on this year from where we were a year ago, it has been a very difficult and challenging year. i was asked if it was the toughest year i have faced. i do not think so. have we made the right decisions? having made decisions based on our beliefs about what is right for the country? i think you look back on all the things we have done, we made decisions on climate change, expanding the education leaving age to 18, decisions to change the nature of the banks, we made decisions to rescue the banks by recapitalizing, we made decisions at the g-20 to go for growth in the world economy, and decisions in building britain's future to take

it has been nearly a couple of years since you told us about your position like margaret thatcher. there is the tax with the id cards. would you still compare yourself with the lady? >> i have very strong belief that what we are doing to solve our economic and financial problems are the right policies, and i do not flinch from the difficult decisions. i think if people look back on this year, it is very difficult and challenging, this year. i was asked if it was the toughest year on a face. i do not think so. i have faced tough for years. -- i was asked if it was the toughest year i have faced. i think if you look back at all of the things we have done, we have made decisions on nuclear, on climate change, decisions on expanding -- on changing the nature of the recommendation for banks, decisions to recapitalize the banks. we have made decisions at the g- 20 about the growth and world economy. we have made decisions to take seriously the new industries that we need for the future, and this is a former-looking agenda. i am just saying that if any governor -- government has made the

perspective and perhaps for historicalpñ perspectives go back to the first gulf war in which margaret thatcheraid to miss george herbert w. bush, "don't go wobbly on me, george," when she felt he was not prepared to go forward and have a war after he had brutally treated the people of kuwait. this is not a war. your threat is admitted. you felt there was clearly disaster if they didn't go forward with it. after one more thing i would like you to elaborate on that and how mr. cuomo came to give us the line he did. my understanding is, had the mac clause been completely valid, had mr. lewis completely renegotiated, had they agreed to new terms or to a breakup, isn't it true that we would have had, in fact, a long period of time, well, statchri'ú notice for sto holders, and then a stockholder vote occurred? >> yes, if there had been a renegotiation there would have been an extended period there would have been a revote, is my understanding. >> isn't that at the center of why you issued the threat and why ken lewis ultimately decided that the damage from that period, even if he got a better price

o'connell said the other day that margaret thatcher reformed so many things in great britain but becaused gone to this government-run health care, even she couldn't reform that because it was so big and so entrenched. i don't want to do that to our country. and rushing this thing through and possibly having a health care plan from which we cannot retreat that deteriorates our ability to do research, the care that our patients get, would just be unthinkable. >> sure. new. senator hutchison, appreciate your time this morning. >>> when we come back we will talk more about markets. and the president will be talking directly to the american people with a pitch for health care reform tonight. you can catch it right here live on cnbc at 8:00. we're back in a moment. soon there will be 1 trillion connected devices... in the world. can you hear them? food is talking to store shelves. cargo containers are talking to supply chains. power lines are talking to the grid. now that's smart. systems that allow carrots to tell truck drivers how fresh they are. roads alert cars about traffic patterns. cars

ronald reagan developed an alliance with margaret thatcher, pope john paul the second, and these three individuals led the west out of what has been called the nightmare years of the 1970's. together, they literally changed the world for the better. today, we honor president reagan goes a lifetime of achievement, and we honor his legacy of economic and political freedom. early in his presidency, he fought to enact a set of tax cuts altered in part by fellow conservative who would be honored to be year today. -- to be here today. the tax cuts that reagan enacted drop rates that were as high as 70%. this allowed on corporate doors to build, expand, and create jobs. his economic policies inspired the largest peacetime expansion in u.s. history. the growth was predicated on free trade, low taxes, deregulation, and curbing runaway inflation i recently had an opportunity to tour the reagan ranch in santa barbara. i noticed the desk that president reagan used to signed the tax cuts into law. the free-market policies set in motion on that very table was responsible for creating some 35 million

margaret thatcher would not have been necessary. >> michael crowley, do you agree?x rates right now are lower than under bill clinton. when they raised taxes in the clinton budget republicans -- go back and get the quotes. i wish i had brought them. hilarious. the worltd is going to end. the economy will go off the cliff. we'll become a socialist state. didn't happen. i think health care in this country is just indisputably a crisis. you've got to do something about it. there's no cheap fix. and somebody is going to have to bear the burden. the issue with the middle class they're going to wind up facing higher taxes to pay down the deficit longer term. pain is going to be spread around. don't worry. the pain is coming for everyone. right now the way you get a health care plan through, you probably have to go to the upper income. >> so tax the rich and tax small business? >> well, joe, first of all, the tax rates on the rich are a lot lower than they were in the clinton years and the clinton high tax rates on the wealthiest led to a pretty great economy so i don't se

ronald reagan developed an alliance of margaret thatcher, pope john paul the second, and these threeindividuals led the west during the nightmare years of the 1970. together, they changed the world. we honor president reagan's lifetime of achievement, and we honor his legacy at economic and political freedom. early in his presidency, he had some tax cuts offered in part by fellow conservatives who would be honored to be here today. jack kemp. the tax cuts of reagan work as high as 70%. this allowed on the penurious to build, expand, and create jobs. his economic policies inspired the largest peacetime expansion in u.s. history. the growth was predicated on free trade, low taxes, deregulation, and improving runaway inflation. i've recently had the opportunity to tour santa barbara. i saw the desk president reagan used to sign the tax bill into law. the free-market policies set in motion was responsible for creating 35 million new jobs in america through 1999. this is another part of his legacy. here is a piece of rock from the berlin wall. those walls came down because of his relentle