at the end of the broadcast >>it's time now for today's trivia: on this day in 1914, automaker henry ford announced an unprecedented minimum wage of what dollar amount for his employees? the a [♪...] >> announcer: bank robbery certainly is a frightening crime. after all, bank robbers stole $43 million in one year. but identity thieves? try 37 billion! and guess how identity thieves are getting some of that money. by taking over our bank accounts. they may not even need your social security number anymore. all an identity thief may need are a couple of simple pieces of information, like your mother's maiden name or the city you were born in, and they could add their name onto your bank accounts in order to make your money their money. you need help. [whoosh, clang] you need lifelock-- the only identity protection company that now monitors bank accounts for takeover fraud. lifelock is the proactive identity protection company with an early warning alert system that is state of the art. when we detect any suspected breaches of your personal information within our network we contact you right

henry ford and others, who wanted to carry out a coup d'État.i'm not 100% on henry ford thing, so i would go have to go back and check the history books. trying to recruit butler to carry out a coup, and he exposed them. >> host: chris hedges is our guest. gretchen from arlington, virginia, e-mails into you. i would like to thank you for helping me with your writing to navigate these last several bleak years. i met you during desert storm shield. you were interviewing my marine corps husband, a battalion commander come in particular i thought you were clear eyed and unsentimental in seeing that the people in uniform were honorable, smart and savvy and often far more skeptical of the coming conflicts than their civilian masters. the beat goes on. iraq, afghanistan and so much more. how can our leaders continue to be so out of touch? gretchen, arlington, virginia,. >> guest: i'm a huge fan of her husband, carl, who commanded a marine corps battalion that i spent a lot of time in the first battalion first greens, and that went into kuwait, when the

for instance, in 1940, henry ford was asked to get behind mass production of aircraft. this is before we entered the war, but they knew that he was good at assembly lines. what can we do to mass produce airplanes? the ford sent his son edsel and top executives out to california. california 1940 was one of the main places where aircraft was built and that seems strange and why? because most were put together outside. that sounds just unbelievable they were putting planes together one at a time out in the california sunshine. well, you can't build 10,000 bombers doing that. it would take you forever in a day. ford had to figure out how to do an assembly line for b-24s and in typical henry ford fashion, he owned a farm near michigan. he turned his farm land into a bomber plant called willow run and the bomber plant had the largest room in the world to build b-24s. it even had a curve in the assembly line because it was in a county and he didn't want to go over in the county where detroit was because he didn't want to give those democrats any tax money so the assembly line

free enterprise system which attracted people from benjamin franklin to the wright brothers, to henry ford edison to bill gates and steve jobs, that model of maximizing development of new approaches, new energy, new opportunities, new technology has raised the standard of living of people across this plant more than any other system in the history of the world. [applause] you have been wonderful to us here. i'm asking each of you not to slow down. in the next couple of days, make a list of every person you know in south carolina and every person you know in florida because those are the next "great contest and as we get to south carolina, as the choice becomes clear, as people understand that there is a bold reagan conservative approach of lower taxes, less regulations, more american energy, a sound dollar and actually being in favor of creating jobs, the office -- the opposite of the obama program of higher taxes, more regulations, less american energy, and attacking the people who create jobs -- look at those two models. i believe we can reach out and we can create in the jury that will

he and henry ford, they were brilliant organizers. they are businessmen but they see these possibilities, you know, it's just a lot of squeezing over prices and wages. but there's also this use of technology. never sending out trucks that don't come back full. they've got -- you know, they use information technology to be constantly telling the trucks where to go. you know, discover that one system of tagging boxes in their yard where they have their inventory isn't as effective as another, they replace the other. and someone says walmart keeps every employee on a very tight technological leash, you know, that every sale goes into the accountant's office, the inventory, the planning, there's just no slippage there. you know, it's kind of a brilliant plan. >> we're going to get more of walmarts or less in the future? >> i think we're going to get more walmarts. i think it's very interesting that home depot and target and one or two others are in the top 50 fortune 500 club, companies. walmart has had imitators, too. >> where do you put

henry ford actually found out how crucial it is because the model ts kept cracking because in detroitg the model t, detroit has extreme weather. it's very hot and very cold. in the winters, the model ts started having problems because of the steel cracking. but when henry ford found out about venadium, then, of course, the vehicles could go quite easily from summer to winter because it allowed the steel to expand and contraction. >> when it comes out, is it dust? >> it comes out as a white-grayish metal, but it has, but there's a lot of dust, contaminated dust around it. and it's also in the field with a lot of other toxic elements. and so the miners are, basically, in these large pits, and they're digging out the venadium with very flimsy gloves, almost no mask, and they give them masks like once every six months. and so they're usually -- yeah, using their hands to cover their noses. um, and so the dust, basically, coffers everything -- covers everything in this area. so, of course, the dust goes up, and it comes down as acid rain. so the area around the venadium field is, obviously

aircraft manufacturing because that is where we lagged behind the most glaring example and 1940, henry ford was asked to get behind the mass production of aircraft. before we enter the war but we knew he was good at assembly lines. ford said his son and top executives to california. what of the main places when aircraft were built. because most were put together outside. that sounds unbelievable but putting planes together one at a time and the california sunshine for you could not build 10,000 bombers and ford had to figure out how to do the assembly line for the be 24 and in typical for fashion he had a farm near michigan and turned his farm land into a bomber plant called willow run and the bomber plant had the largest room to build the twenty-four's even occurred in the assembly line because it was in the county he did not want to go into the county of detroit because he did not want to give democrats' tax money so the assembly line it curved around. another huge success during world war ii the we often don't realize is the development of penicillin. it was not available before world wa

. >> henry ford said i want to pay people enough that they can afford my product. >> bill: what wouldou tax me at the highest rate, out of my wallet to institute fair capitalism? what would you want knee pay? >> i think this conversation about tax is. >> bill: answer that question because we got to run anyway. >> depend ups what your income is. >> what percentage? >> i think there should be a much higher estate tax. >> bill: give me a percentage, please. >> maybe in the mid 40s. and i think your kids should have to work. i don't think they should -- >> they shouldn't get any of my money in inheritance. >> how low do you think your taxes should be? >> i don't mind paying what i'm paying now i'm not bitching about that. i don't believe it is freedom to con city kat confiscate my y again. >> bill: juan williams. the sub spect is how president obama [ female announcer ] investing for yourself is a necessity. i find investments with e-trade's top 5 lists and use pre-defined screeners to work smarter. not harder. i depend on myself to take charge of my financial future. [ bell dinging ] >>

free enterprise system which attracted people from benjamin franklin to the wright brothers, to henry ford, to thomas edison, to bill gates, to steve jobs, that model of maximizing the development of new approaches, new energy, new opportunities, new technology, has raised the standard of living of people across this planet more than any other system in the history of the world. with your help -- [applaus [applause]. you've been wonderful to us here. and i'm asking each of you, not to slow down. in the next couple days, make a list of every person you know in south carolina and every person you know in florida, 'cause those are the next two great contests and i believe as we get to south carolina, as the choice becomes clear, as people understand that there is a bold reagan conservative approach of lower taxes, less regulations, more american energy, a sound dollar, and actually being in favor of creating jobs, the opposite of the obama program, of higher taxes, more regulation, less american energy, and attacking the people who create jobs, look at those two models. i believe we can reach

>> it's something henry ford started a long time ago. he had a lot of bio based and sustainable materials. something as simple as plastic water bottles are recycled and used in carpeting of our vehicles as well. >> what is new with the 2013 ford escape outside of the materials? >> everything on the 2013 escape is new. it incorporates the class leading features like plind spot information system. activity park system which allows the vehicle to parallel park itself for you. and an industry exclusive that we're super excited about. >> you'll like this. check this out. >> it's called tailgate assist. when you come to the back of your vehicle, you're loading the groceries, you have kids, you can't reach. >> you have to do the one leg limbo. >> and swipe your leg undernooelt the tailgate. you just need the key on your. >> very cool. this doesn't come out until 2013. >> the vehicle will be available this spring. >> appreciate it. happy new year. >> happy new year to you. >> silicon valley auto show happening they. doors open here in the conven

aircraft manufacturing because that is where we lagged behind the most glaring example and 1940, henry fordwe knew he was good at assembly lines. ford said his son and top executives to california. what of the main places when aircraft were built. because most were put together outside. that sounds unbelievable but putting planes together one at a time and the california sunshine for you could not build 10,000 bombers and ford had to figure out how to do the assembly line for the be 24 and in typal f >> he didn't want to go overnt into the county where detroit hd was because he didn't want to give those democrats any tax money. to the assembly line curved around too. another huge success during world war ii that we often don't realize is the development of penicillin. penicillin was not available before world war ii. now, sulfa had just been developed, and it was a great breakthrough, and as we mention in the book, after pearl harbor one of the few successing stories in the spring of '42ng that not one injured man who was injured by the bombing at pearla harbor had had to have an amputation

entrepreneur yil free enter price system attracted people from benjiman franklin to wright brothers to henry ford to thomas ed yi ton to -- edison to bill gates and steve jobs that model of maximizing development of new approaches and new energy, new opportunities, new technology has raised a standard of living of people across this planet more than any other system in the history of the world. with your help, it's been wonderful to us here. and asking each of you not to slow down. next couple days, make a list of every person you know in south carolina. and every person you know in florida because those are the next two contests and i believe getting to south carolina as choice becomes clear, as people understand that there is a bold reagan conservative approach of lower taxes, less leg laigss, more american energy, a sound dollar and being in favor of creating jobs, the opposite of the obama program of higher taxes, more regulations, less american energy and attacking the people creating jobs look at the models. i believe we can reach out and create a majority that will shock the country and pu

look at our history, henry ford declared bankruptcy twice. walt disney went bankrupt.he creative destruction that comes with capital simp part of the thing that nobody likes but it is part of the system and i don't think it's going to be a central part of this campaign in south carolina going forward for anybody. >> thanks for joining us. >>> coming up, by attacking mitt romney's career at bain capital, are his republican rivals actually doing president obama's work for him? i think so. they are making the same charge he is that people who make money off money are not creating jobs. >>> up next, the "hardball" side show. >>> now to the side show. rupert murdoch has been mired in the massive phone hacking scandal surrounding one of the corporation's tabloid newspapers "news of the world" and the allegations continue, by the way. still, murdoch took to twitter earlier today to offer his thoughts on what seems to be stopping newt gingrich from gaining momentum in the 2012 presidential race. quote, this is from murdoch, can't blame newt g. too much. he was carpet bombed wi

you can look at our history, henry ford declared bankruptcy twice, walt disney went bankrupt. comes with capitalism is part of the thing that nobody like, but it is part of the system and i don't think it's the central behalf the campaign going forward for anybody. >> thanks for joining us. coming up, by attacking mitt romney's career at bane capital, are republican rivals actually doing president obama's work for him? i think so. they're making same charge he is. people who make money off money are not creating jobs. and up next, the "hardball" side show. [ male announcer ] wouldn't it be cool if you took the top down on a crossover? if there were buttons for this? wouldn't it be cool if your car could handle the kids... ♪ ...and the nurburgring? or what if you built a car in tennessee that could change the world? yeah, that would be cool. nissan. innovation for today. innovation for tomorrow. innovation for all. ♪ out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds

look at our history, henry ford declared bankruptcy twice. walt disney went bankrupt.reative destruction that comes with capital simp part of the thing that nobody likes but it is part of the system and i don't think it's going to be a central part of this campaign in south carolina going forward for anybody. >> thanks for joining us. >>> coming up, by attacking mitt romney's career at bain capital, are his republican rivals actually doing president obama's work for him? i think so. they are making the same charge he is that people who make money off money are not creating jobs. >>> up next, the "hardball" side show. [ female announcer ] this is not a prescription. this is mary... who has a million things to pick up each month on top of her prescriptions. so she was thrilled that her walgreens pharmacist recommended a 3-month supply and would always be there to answer questions about her health. now mary gets 3 refills in one and for 3 months, she's done. more or less. ask your pharmacist about a 90 day supply today. walgreens. there's a way to stay well. ♪ [ gong ] st

thomas edison to the first airplane flight of the wright brothers to the ottawa assembly line of henry ford america became the industrial giant and into the digital age with the microsofting of bill gates and the apple of his eye steve jobs. >> there it is right there. what's made america the engine that runs the world is innovation. so we begin our 30 million jobs tour from the 21st century's cradle of innovation, silicon valley, and the show for wednesday, january 18th, starts right now. good afternoon to you. welcome to san jose, california. nice to see you. we are on top of the hotel valencia overlooking silicon valley, a true, literal cradle of innovation where problems, people, and capital, money are coming together every single day to solve problems. you know what that means. you solve a problem you create a job. in this case lots of them. this is the high tech home to companies like apple, cisco, hp, google, ebay, oracle. the list goes on. but the cradles of innovation like this are not limited to the technology sector. we can create them in health, energy, education as well. more o

the only guy who wouldn't join them is henry ford. he litigated with them for about 10 years. it was all based on a really awful patent. he litigated against them so he could sell his model t's. in one of those days i have a copy of an impersonal combustion back. if you bought a model t you got a warranty and a lawyer. the consortium behind the electric company would sue the employees of ford, the suppliers of ford and even the customers of ford if you drove a ford model t. when an electric company finally got control of all the electric vehicles, they discontinued their own excellent technology in favor of the antique-looking internal combustion machines that you know of. they never made them in mass production. that was ford. they wanted them to be elaborate. what you see to be in the museums was ford who made in every man's car. so the electric vehicle company went on to create the electric boat company which makes submarines and nowadays they make batteries -- oh, i believe there's an energizer bunny who is now advertising their product. and i hope that answers your questi

vanadium is, at henry ford health foundation about how crucial it was because the model t kept crackingoit, they have extreme weather. very hot and cold and in the winter is started to have problems because of this steel cracking. he found out about vanadium and putting that in this deal then the vehicle could go quite easily to expand and contract. but it comes out as a white grayfish metal but has a lot of contaminated dust around it and also has other toxic elements of. the minders are basically in the large pits digging out the vanadium with flimsy gloves, almost no mascot wouldn't even use that to clean my house. they given a mask wants every six months. they're using their hands to cover their noses. the dust basically covers everything in this area. so of course, the dust blows up comes down as acid rain so the area around that field is dead with no trees or grass so it is very, very toxic. we understood it could be toxic when i went to south africa the first time when we never found in the literature the impact of vanadium on women. when we went to visit some of the homes of the

i mean henry ford, another piece of information, won the 1916 michigan republican presidentialrimary. people thought of him as a potential president. we often look at business leaders and say well yes, that's an executive. but the idea that you, having gotten rich, you put your money in these exotic places and you pay an effective tax rate, you know, lower than maybe his secretary, this is a problem that i think is going to loom over romney should he be the nominee all fall. i can see those buttons being dragged out of storage right now. i paid more tax thamitt romney. >> david, do you agree with that. because floyd norris i think wrote a come in your paper basically suggesting that roey had this. he had-- had a ver positive record on charitable contributions especially to the church. >> yeah. this is not a good issue for romney. i mean romney does pay vastly more taxes it sounds like than bill brock did. romney pays a lot more taxes than the vast majority of americans do. he pays a significantly lower tax rate than most affluent people. as best as we can calculate it, and there are 3

henry ford and the automobile would be like that to the horse and buggy. on the creative side. he was on the low-flying vulture side. so he is like a vulture capitalist. he goes around and takes these dead carcasses of these companies, takes them apart, raids their pensions. right here in south carolina they shorted the pension fund and the federal government had to bail them out and it was taxpayer dollars that bailed them out. yet mitt romney made tens of billions of dollars off that deal. megyn: his camp said, yes, in some instances the companies failed. and the companies you go after when you are in private equities tend to be companies that are struggling and need an influx of cash. they were facing bankruptcy before bain capital stepped in. he had a 3-1 success ratio which he says is pretty good. >> it am not good. the "wall street journal" gave him a mixed review on that claim. 22% of the businesses sphaild outright. and 8% subsequently failed. one in three failed. but yet bain capital and mitt romney made a prove it off those transactions. people c

the free enterprise system that attracted people from people from henry ford to thomas edison to billimizing the development of new approaches, new energy, new opportunities, new technologies, has raised the standard of living across the planet more than any other system in the world. you have been wonderful to us here. i am asking each of you not to slow down. not the next couple of days, and make a list of every person you know in south carolina and every person you know in florida. those are the next great contest. as the choice becomes clear, as people understand that there is a bold break a conservative approach of lower taxes, less regulation, more american energy, a sound dollar, and being in favor of creating jobs, the opposite of the obama programs of higher taxes, more regulation, more american energy, and attacking people would create jobs, look at those two models. we can reach out and create a majority that will shock the country and a majority that will put this back on the right track. it is doable. it is a daunting challenge. consider the alternative. if we do not go t

this is not the old industrial american dream of henry ford.basic question is do you feel that you were essentially part of something that was destroying the best part of america? >> you said a lot of questions in there. but i will tell you -- >> corrupted by the experience? >> was i -- absolutely. despite that, i can say it was a tremendous professional experience. the pr team i worked with were among the best in the industry. they were fantastic. they were great people. as the company was collapsing and they knew they going to lose their jobs they slapped at the office and worked around the clock. to me that is a tremendous profession. were people hurt by the company? absolutely. i was one of them. my 401(k) was 100% enron stock. i lost all of that. i am not here to defend the company. i am here to tell you about the experience from the inside and what it was like from a pr perspective. from that there were certainly things that we didn't know about. keep in mind i was not the accountant. i was not a finance person. we were as good as the inf

free enterprise system, which attracted people from benjamin franklin to the wright brothers to henry ford, to thomas edison, to bill gates, to steve jobs, that model of maximizing the development of new approaches, new energy, new opportunities, new technology has raised the standard of living of people across this planet more than any other system in the history of the world. with your help -- you've been wonderful to us here. and i'm asking each of you not to slow down. in the next couple of days, make a list of every person you know in south carolina and every person you know in florida, because those are the next two great contests. and i believe as we get to south carolina, as the choice becomes clear, as people understand that there is a bold, reagan conservative approach of lower taxes, less regulations, more american energy, a sound dollar, and actually being in favor of creating jobs, the opposite of the obama program of higher taxes, more regulation, less american energy, and attacking the people who create jobs, look at those two models. i believe we can reach out and we can cr