henry ford happened. he had an idea that cars could be made simple and cheap by a system called "mass production." at his plant in dearborn, michigan, he choose the gasoline-powered car. when it produced a car every six minutes it was all over for steam automobiles. >> with a car, north californians could climb the mountains to yosemite and people could weekend in a natural paradise. getting wheels was almost like getting wings. the more cars we had, the more business we did and the more business we did, the more cars we could buy. cars and roads kept getting better, a model-t wasn't the ultimate in comfort, even on a level road. by the 1950s we had cars with comfy upholstery and freeways. a car engine in the '50s was expected to last 50,000 miles. today we know the price, those wonderful freeways we built in the '50s are clogged and slow- move. >> our bridges built in the '50s for the tenth the number of crews are now excruciating bottleneck. there are times that the price seems high. >>> over the years

the great grandson of henry ford will be paid $4 million in salary, and he'll get stock options worth nearly $12 million. bill ford vowed five years ago he wouldn't take a paycheck until the automaker was profitable again. >> jeff: and a price war is brewing among coffee giants. and the result is higher prices. kraft foods raised the price on select maxwell house and instant coffees in the u.s. by more than 10%. the increase comes three days after j.m. smucker's hiked prices on the folgers and dunkin' donuts'. a search in green coffee prices is to blame. >> susie: our "market monitor" expects a year-end rally, but she warns investors not to count on a study bull market for another three to five years. she is mary ann bartels, head of u.s. technical market analysis at bank of america, merrill lynch. nice to have you back on the program. >> thanks for having me, susie. >> susie: let's start off by getting your reaction to the market employment report. we saw a dramatic selloff and a dramatic rebound and a lot of action in the bond market. what does this tell you about the outlook? >> th

twenties or thirties there was a michigan supreme court case forward in which horace dodge sued henry ford because dodge was painless employees a dollar a day and horde started paying them five dollars a day and. ford's rationale was they can have enough money to buy one of my own cars. but it was viewed by dodge and others as an act of slant to me and so dodge sued you know as the as the head of a corporation your first obligation has to be to earn money now the supreme court ruled in ford's favor but they ruled in his favor because they said he would actually make more money by paying his employees more because they could buy more of his cars which would make it more modern and to this day interesting logic there i want to ask how looking at this you know people are boycotting target people are taking notice of where they're putting their money behind this candidate who does not support gay rights so is this exit an example of evidence that citizens united could actually backfire on corporations if the public really pays attention to where they're putting their money and then you know do

henry ford invented middle class america. and there was a great danger that the so-called rust belt company would disinvent the middle class. so, the union leaders, the big ones in the sensible ones understand all of that. leo had actually offered the same kind of contract to the more established steel companies and none of them wanted it. partly because it also put a limitation on the ratio between the c.e.o.'s pay and the worker'sworker's pay. >> charlie: were you able to do this in addition, the dire straits, but also you had health care commitment. but you had pension commitments, you had what else? >> what happened, the bankruptcy court had already done away with the pension plan and haddon away with the health program. >> charlie: what happens when a pension plan is done away with in a company facing bankruptcy? >> it goes to the pension benefit guarantee corn which is basically an ons entity. up to a certain level they honor the pension benefits. but over certain amount per year they don't -- >> charlie: is eight reaso

henry ford built it. henry ford built this plant. the built in 1924 to manufacture the model t. when the great depression struck and 25 ford plants closed down, this one stayed open. [applause] when world war ii was raging, this plant was churning out armored vehicles that helped make victory possible. in the 1990's, workers at this plant built the best selling car in america five years in a row. [applause] so this plant is part of american history. for nearly nine decades, this plant has been the backbone of its community. there are workers here whose fathers worked on this line. i just met one while i was on my way over here. his father's father worked on this line. this plant, like the entire industry, has been a source of deep pride for generations of american workers whose imaginations and hard work led to some of the finest cars the world has ever known, and whose sweat helped build up the middle class that lifted up the dreams of millions of people all across america. [applause] this plant has stood through the good times, when the american auto industry ruled the ball --

years where he held various positions, he has 12 peants to his credit and in 1991 received the henry fordward for his work in electric vehicle power train development. and is now the c.e.o. of compact power, incorporated. let's go to greg in santa fe, new mexico. caller: hi. if you take a 50 to 100-year time frame for a minute, can you tell us about what countries of the world have the lithium reserves and is there enough lithium in the earth's crust to envision a world where substantial fraction of the world's population has personal transportation? thank you. guest: yeah, that's also a very good question. the known reserves of lithium, we went through a simple calculation, and just to give you a feel, it's about -- you need maybe a quarter of a kilogram or half a pound of lithium for a hybrid like the escape or the pry us, and maybe -- prius, and maybe one to two kilograms for a plug-in hybrid and maybe a little more for a pure electric vehicle. but the known reserves of lithium is something like 7 billion kilograms. that's if you could make something like you know, six or seven billion

ford/will spill. >> former washington post staff writer recalls the blight of the first female cabinet secretary, frances perkins. then, we talk about the core members of george w. bush's war cabinet. followed by henry kissinger and the defense that shaped his legacy. all this weight on c-span2. >> after nixon lost the 1962 california governor's race, the owners offered the former vice- president the job as commissioner of baseball. nixon was flattered but declined telling the owners do not tell pat. she would kill me for turning you down. >> whether it is baseball in the presidency or the cia and the korean war, find all of c-span's american history television online anytime at the c-span video library. it is washington your way. we sure did plan to go live to the un for that meeting on humanitarian assistance. that was one of the topics and the state department briefing. we will show as much of this as we can until the un gets under way. we have to wait for the dean. >> good afternoon and welcome to the department of state. as you know, secretary clinton has landed in new york where she will shortly have meetings with pakistani foreign minister and ban ki-moon, head of the u.n. general assembly me