auto giant henry ford and luther bertban. by 1912, edison had filed for several dozen trademarks. the country moved from the 1800s into the 1900s. george watson prepared this look back at some of america's transforming inventions. >>> prior to 1900, words like movies, neon, truck, tractor they had no meaning. and what for heaven sake was an aviator. in 1903 the wright brothers sent their aircraft into the air for all of 12 second. with their man flight gave birth to aviation. prior to 1900, there was nothing electric any where. gas lamps lit the homes and streets of urban america and suddenly thomas alba edison made electricity. edison also captured sound in a tube and made concert halls out of people's living rooms. marconi invented the radio. what was this country like in the beginning of the 20th century? this desert flower america blooming for the first time under the glow of the new century's technology. well butch cassidy and the hole in the wall gang were still robbing banks and trains. west of the mississippi and south of the ohio river most americans had never seen so muc

a well-known builder in the area, an admirer of henry ford, the idea of getting this down, having an assembly line, build this in quick-style. this is a 1932 -- i think he built this house. he was a pragmatic businessman. this has spanish colonial revival elements. a few years later, it is streamlined. modern. stylo-crat. it is better than being aristocratic. to sell them, he had to come up with clever names like that. like lafayette. he went with the popular taste. when the modern architecture started coming in, he was happy because it was less work. >> very little detail. you see detail in brought the city. people took tract homes and tried to individualize them in various ways throughout the cities. here is an example of how they might have done that. >> they had a lot of medallions and reliefs. >> the working class would go out to go swimming in the ocean. the wealthy would stay downtown like in the marines memorial or the elk and they would have heated saltwater. people wanted to swim in salt water. >> how did the water get there? >> there was a pipe that allowed it to flow all

henry ford did it. even it disson with general electric comes out of it.so they create companies that do it. the very last board meeting steve attended when he attended his resignation of c.e.o., somebody wiz gloating on the board, somebody you know, actually, about how the tabloids at h.p., how hewlett-packard had given up the tablet and he said let's not gloat. bill hewlett gave me my first job. he and dave packard tried to create a company that would last for generations. and these bozos have screwed it up. let's try to remember the lessons that you need to keep a great company alive for generations. >> i had on this program one of steve's friends, the guy who was the creative genius behind pixar >> john lassiter. >> rose: and this is what he said. roll tape. >> in 1996 at this table you asked a question of him about apple and he dodged it gracefully. right? the tape shut off, we were done, microphones were taken off, we were getting up and we were leaving the table and he turned back to you and he said this. he said i know how to save apple but they ju

are bill gates or mark zuckerberg over jeff, the century was the last century and the genius was henry ford. he said, and i quote -- it's not the employer who papers the wages. employers only handle the money. it's the customer who pays the wages. and he was exactly right. it is all about the consumer. the ftc acknowledged that when we challenged industry to let consumers choose whether they are tracked online and you, the sent sear centuries captain, stepped up. protecting personal data online encourages trust in internet kmors, which in turn fuels growth of the cyber economy and really does pay all of our wages. so we are honored to stand here today with the administration and secretary bryson of the commerce department, with two of my fellow commissioners, eadith ramirez and julie, congress in involved in extensive research that resulted in a white house consumer privacy bill of rights blueprint. i see the blueprint is gone and it's just the bill of rights and i think that's terrific. and kent and larry are in the awed audience and deserve enormous credit as does danny wiesner there it's

henry ford once said, coming together is the beginning. keeping together is progress. working together is success. with encourage of this administration, which has so keenly recognized the link between protecting consumer privacy online and enjernding consumer trust and internet commerce, impressive public/private partnership has made a beginning coming together around one small agencial do not track initiative. today we celebrate the progress we have made as we've kept together. apple, google and other tech companies announced yesterday they'll insist on private policies in the mobile space. businesses committed to advanced do not track and the president reminded us and the world that in america, personal privacy is a right. from here we can see success, which will come as long as we continue to work towards one common goal. a thriving, innovative cyber economy fueled by the confidence of consumers whose privacy and personal data is handled with care and respect. thank you, and now let me introduce ellen bloom, the extraordinary ellen bloom, who heads federal policy f

. >> you mentioned henry ford took a government loan. >> a loan. the war department bought a bunch of cars from him when he needed. >> and they broke down. >> quickly, dana, the pipeline, he made personal call dozen make sure the pipeline would not be passed without his signature, so, again, he lobbied, 56 votes came in, in the senate, for the key step pipeline -- keystone pipeline. >> and for the president of the united states to pick up the phone and call senators to ask them not to vote for something is a big deal. two weeks ago the white house said it was the republicans who killed the pipeline the again, losing the high ground, now, president obama is personally responsible for the pipeline not going through. >> and ed henry was on the air. promise not to switch chairs during the break. if late february he said he did not kill the pipeline, the republicans did, has he lost that because he personally lobbied and they admitted it? >> he lost it. if gas prices continue to increase it is a problem. bob has said he bets the administration will go e

pioneers of the radio who said television won't last, its flash in the pants. [ laughter ] >> one of henry ford's advisors was quoted as saying, the horse is here to stay but the automobile is only a fad. >> when you are finished tearing down his political opponents he listed all the reasons he is not to blame for the surge in gas prices. >> we are drilling. under my administration. america is producing more oil today than at any time in the last eight years. [ cheers and applause ] that is a fact. that is a fact. we quadrupled the number of operating oil rigs to a record high. i want everybody to listen to that. we have more oil rigs operating now than ever. that is a fact. we have approved dozens of new pipelines so do not tell me we are not drilling. >> my next guest says the president isn't doing all he can to address the energy crisis. joining me to explain, is charles krauthammer. thanks for being with us. i've known you for years. i've read you for years and i briefly worked for you. i didn't realize in the last couple weeks you have this intense aminus against algae. >> actually i do. but

. >> rose: that's a quote from henry ford, never complain, never explain. >> well, he didn't do do too badly i understand. (laughter) >> but there are people here in the this audience who feel strongly that the position and the that palestinians have to have a state to have their own dignity. not to have to go through roadblocks not to have to have the things that you want for citizens of israel. >> that's my wish, too. we are not there because we want to be there but because we were attacked. we didn't go to occupy anybody. we didn't have the slightest intention to do so. we were attacked, we fought and we changed the map. >> rose: has it changed israel, though? that you still are there? and having to... >> i don't know, really. i mean even we live in the same land we are separated communities and every community feels they are better probably than the other on both sides but no matter i still believe-- i can't say everybody but there was a serious majority in israel that wants to put an end to the present situation and understand that it cannot be done by force, it must be done by ag

but one of henry ford's advisors was quoted assaying the horse is here to stay but the automobile is only a fad. >> and at the very same moment, vice president biden was attacking the gop candidates even going so far as to call each one out by name. >> i want to tell you what is real bankruptcy. the economic theories of gingrich, santorum and romney. they are bankrupt. if you give any one of these guys the keys to the white house they will bankrupt the middle class again. >> so bob, is it fair for vice president biden to accuse the conservatives of bankrupting america when knows well president obama has already done that. >> first of all, president obama hasn't. yes, he does his campaign. have i told you this is a presidential race and by the way, the green, is that a green pen. in that is really good. they are out campaigning early. why? because they are in some trouble. they have low poll ratings, we understand that. but the good news for us is we get to campaign against biden or -- i mean against mitt romney who will be the nominee and the other two will go -- >> that is pretty gu

pioneers of the radio who said television won't last, its flash in the pants. [ laughter ] >> one of henry ford's advisors was quoted as saying, the horse is here to stay but the automobile is only a fad. >> when you are finished tearing down his political opponents he listed all the reasons he is not to blame for the surge in gas prices. >> we are drilling. under my administration. america is producing more oil today than at any time in the last eight years. [ cheers and applause ] that is a fact. that is a fact. we quadrupled the number of operating oil rigs to a record high. i want everybody to listen to that. we have more oil rigs operating now than ever. that is a fact. we have approved dozens of new pipelines so do not tell me we are not drilling. >> my next guest says the president isn't doing all he can to address the energy crisis. joining me to explain, is charles krauthammer. thanks for being with us. i've known you for years. i've read you for years and i briefly worked for you. i didn't realize in the last couple weeks you have this intense aminus against algae. >> actually i do. but

ford, first model of the model-t that henry ford built, started mass development of cars, funded initiallyg support from federal government, one. two, the union workers you say, retirees took a hit on healthcare. current people on the floor took a cut in their pay and cut in their healthcare. the idea they got it something off of this is silly. dana is right, they worked hard on this and they will be back to work. if it was up to you, they wouldn't be working at all. >> eric: the uaw was handed $4.5 billion worth of g.m. stock for nothing. for this big outlay that you are claiming. first, can i ask you this? what is so earth friendly about using electricia electrico charge a car? half comes from coal anyway. >> bob: we're years away from a battery to work and make it run. all of these thanks take a while. right now it takes coal burning in the air to get the batteries to be charged, right? you can almosting that is a coal car. that's one of the arguments against it. i agree with it. all the things take time. there will come a day in the not too distant future every car is powered partially

but one of henry ford's advisors was quoted as saying "the horse is here to stay, but the automobile is only a fad." there have always been folks like that. there have always been folks who are the nay sayers and don't believe in the future and don't believe in trying to do things differently. one of my predecessors, rutherford b. hays. it's a great invention, but who would ever want to use one? talking about the telephone. that's why he's not on mount rushmore. he's explaining why we can't do something instead of why we can do something. the point is there will always be cynics and nay sayers who just want to keep on doing things the same way we have always done them. they want to double down on the same ideas that got us into some of the mess that we've been in. but that's not who we are as americans. see, america has always succeeded because we refuse to standstill. we put faith in the future. we are inventors. we are builders. we are makers of things. we are thomas edison. we are the wright brothers. we are bill gates. we are steve jobs. that's who we are. that's who we need to b

it explains for instance how the inventor of the modern car company henry ford also resisted to his last breath basically the modern car loan and help gm and braces and nearly drove for a out of business and tells the story of how bloomingdales gave us the first credit card and when they succeeded in citibank first sales. help target even been in the 1960's is called dick and tar-jl that would be too much for one night and i promised to be quite so you can go out to dinner before the snow comes. but i did want to take a second to talk about this idea of investment and debt and what it had changed in the 1970's to bring us back from the 1920's that moment of inequality to bring back our new regime. so i want to talk about mortgage-backed securities. in the beginning of the book there's new research i did i show how the mortgage backed securities called participation certificates funded the housing boom of the 1920's and this is how he was able to sleep at night after the collapse. he knew that the money could come. but in these mortgage-backed securities are shunned by the market because

grand achievements of a market economy made possible by competitive individuals like thomas edison, henry ford or steve jobs. but to frank the darwin show also depicts the dark side of competition. individuals viing in ways that stultify the species. in the evolution of male elk, for example, the fight for females results in outsized antlers. >> having bigger ones than your rival made you more likely to win your fight. so every mutation that coded for larger antlers was very strongly favored and they grew generation by generation, we see boy elk now with antlers four feet across that weigh 40 pounds. that's great for doing battles with other bull elk but orable if you get chased into a densely wooded area by a wolf. >> reporter: you can't get out of the forest. >> there's nowhere to turn, literally. that absolutely captures the conflict between individual and group. >> reporter: with humans as with other animal it is survival of the so-called fittest may come at a cost to the species as a whole. >> so in one species of seals, for example 4% of the males sire 85% of the offspring. it's like the

christopher columbus for proposing to discover the new world or fired the wright brothers or fired henry ford for designing the mass produced automobile or for that matter fired steve jobs. i am a visionary. i believe in a bigger and better american future. i believe we can use science and technology to create new things for our children and grandchildren, and i'm willing to gamble on that belief, and i believe we can do it largely in the private sector by using government incentives in an tent way and getting bureaucracy out of the way. >> and let me go back to your earlier point. are you talking about regulating businesses? what is your plan specifically? >> if you go to newt.org you will see a speech where i outlined, you will see because it is on private land we have new technology producing 2,500% more oil than they thought existed in the balkans. because of new technology we have gone from a seven-year supply to a 125-year supply. in fact, the price of natural gas has dropped from 8,000 cubic feet. if you compare that to the current price of oil you would have gasoline down to around $1