[applause] >> i had a chance to talk with margaret thatcher out 10 years agobout my work in health reform. and she literally took me by the shoulders, and she said you must rememb the rule of law. there is nothing more important. >> next question. >> hold on. >> i'm concerned about the future and what inflation is going to do to us. w@at can we do to protect ourselves? give us some advice, please. >> well, i think that is a very worthy concern. particularly in light of fiscal and monetary policies. i would s in my judgment as i look out and think about the ne three to five years, it would be really at the top of my list. not that we haven't talked about anything but a long list of concerns. because if we get into that situation and that causes wage pressure, and every administratiol priority does what? we have a really great this point. every one of them that we have talked about today and we talked about earlier, including cap and trade, etc., everyone of those things raises the cost of labor. raises the cost of productio that combined with this explosion in monetization of this debt by

theealthy elite so the british conservative party from 1832 with only a brief interlude in margaret thatcher's period has adopted it as its leading principle and one of the majority of british elections. that fact decided by people who are american. follows the toryarty. they have a toral successnd you can have it too but that ignores the massive difference in political climate. braden has in non-democratic history which continues to infuse its that supposedly politics it has today. tories essentially have argued for one nation conservatism. conservatives and america left it that nion when john edwards said we have two americas, the whole tory party philosophy is based on the idea that there were two britons, a rich britain and the poor britain, a have britain and thenave not burden, an educated britain and in non-educated britain and it was the duty of the ruling class to create one nation under their government and even today you can see those themes that work in david cameron who is a non-noble graduate of the elite schools who brings these notions that societies essence and societies prefe

we told the story of wild trading in england with margaret thatcher. their horses without the help, and thatcher's horse made a loud noise. thatcher said, i am so sorry. reagan said, never mind, i thought it was the horse. [laughter] i checked it out. i asked james baker. i said, is this true? i do not want to put it in the book unless it is true. i said, how you know? >> he said i was there. i said where, exactly? he said, never mind, it is true. it is the greatest political story ever told, and we tell these stories and this narrative in the book. i did this book for the people to fall in love with their country again, or if they had never been in love with it, to fall in love with it. [applause] it talks about everything. it talks about truth. it talks about stories pretty talks about conflicts. it talks about our leaders. it talks about, for example, the year 1800. thomas jefferson got tired of paying tribute to the barbary pirates, a group of muslim pirates were kidnapping americans, more than a million europeans. and he said he would not pay trib

this member of parliament that we checked, actually called margaret thatcher a liar, was thrown out on the spot, the sergeant of arms, came back, called her a liar again and was immediately dispatched once again. we thought all this information that i just related to you is something that all of us as americans should know. she wears little eye patch underwear, so the other day she came here with her underwear, thursday, and so we made love wednesday night a lot. so i am getting into spankinger. >> that is a california state representative. i don't know if you can tell what they're talking about. but the microphone is hot. he doesn't know the microphone is on, or maybe he does. shouldn't we all know better at this point? and you'll never belief who the woman is he's talking about. and you won't believe how much it has to do with how much money in this country is being spent by lobbyists to control what politicians do about our rights, about our country, about our policies, the numbers are astonishing. also, there's a case now before the supreme court that has everything to do with this

he would need it no more than a margaret thatcher needed somebody in great britain saying she was picked on because she was a woman. that's why barack obama constantly swats away the allegations. i know, it makes jimmy carter feel good saying it and makes the far left feel better because they are trying to explain why the president, this man they thought was going to be a transformational president, like no other before him, suddenly, he looks like every other politician. he's lost 20% points over the summer. but, the reason why was explained by the president to david gregory that's going to air tomorrow, when he said there's always been a debate between freedom and the federal government stepping in to protect americans. he's exactly right. that debate has gone on since george washington's cabinet. since you had alexander hamilton fighting jefferson. it wasn't racism then and it was in 1993 and 1994. bill clinton and hillary clinton took far more abuse. ask the clinton's, they took far more abuse than barack obama is taking now. does that mean there's not racism in america? no, there's

elite spirits of the british conservative party from 1832, it was only a brief interlude in margaret thatcher spirit, has adopted beaconsfld isn't as its guiding printable. and it is one of t majority of the british elections. that fact is often cited by people who are un-american beaconsfield. and electoral success. you can have it to. but that ignores the massive difference in political climates. britain is a class ridden society. and has a nondemocratic history which contie to use the politics that it has today. tories and sent to have always argued for one nation conservatism. well, conservatives in america laugh a that notion when john edwards says we have two americas, a rich and poor. but the whole tory party philosophy is based on the idea that there were two britons. a rich britain and a poor britain. i have britain and have not been there and educated briton and a non-educated britain. and it was the duty of the ruling class to create one nation under their government. and even today you can see those things. who brings these notion that society acids and societies prefences precede

cheney and there on the left margaret thatcher and they, too, observed a moment of silence at 8:46 thisrld trade center towers. and just before we leave air, i want to take a picture of the new york skyline this morning. that was the skyline five years ago, that was the skyline five years ago. those magnificent, iconic towers, and that is the new york skyline today five years later. >> it is a very somber anniversary, one that president obama will spend at the pentagon memorial where he'll meet with loved ones of the dead. when this all happened, he was just a state senator from illinois. a lot has changed. illinois. a lot has changed. kruse: if you have a hard time walking and getting around in your house, you need a hoveround power chair. you'll be able to go to the mall... play with the grandkids... visit family and friends... and do all the things you ralways loved to do. tom kruse: i'm tom kruse, pinventor of the hoveround. call us toll-free now to find out how you can get one. grandpa: at first i hought i couldn't afford, a power chair, but thanks to my hoveround team, it didn't c

a first-time woman director because they had the queen in the powerful position and they had margaret thatcheras a little woman actress director, nothing. >> reporter: well, no one would ever call barbra streisand nothing. ♪ >> reporter: she's in one of the big... she's been one of the biggest stars in the world for more than 40 years ♪ don't tell me not to live > singing. acting. >> a jewish girl from new york city. comes to malibu, california. >> reporter: clowning. directing. >> i like to not cut the camera in between takes. >> reporter: and when we caught up with her in london for a rare interview, we have to admit it was a big deal. >> i'm coming from vacation, from italy and spain. >> reporter: people still really are interested in you. after all this time. they're fascinated by you. any idea why? >> no. (laughing) i don't know. do you? >> reporter: you are a little mysterious. you don't go out in public all the time. you're not out on the scene. >> it's just that i would rather stay home. you know? curl up with a good book. watch a movie. when you go out in public it's hard. they're tak

remember he is talking to the british parliament which i deeply divided over margaret thatcher in 1982. i am aware reagan would say adamonis here and toughout europe there is legitimate disagreement over the extent to which the public sector should play roe in the nation's economy an@ life. this was reagan's way of saying i know you were no this freedom loving is me and maggie but tn he concluded the sentence, and one point all of us are united. reagan's domestic poli story is harder to tell in the foreign policy story because it is more diffuse and its results are more fixed. e1 some, y los some. and above all the human drama of the cold war with mckeel corbett job and ssa early in the book reag never stood in front of the federal trade commission and said mr. regulator, tear down this rule. he ditto have that attitudes i explained in the book and a lot of that, a number of his appointees did too and tre were dramatic closed-door committee have especially with tip o'neill were reagan used at times langue that would have done lyndon johnson pro. maybe later i will give you some samples

he is talking to the british parliament, the british political class divided over margaret thatcher, i am aware, reagan went on to say that among us here and throughout europe, there is legitimate disagreement over the extent to which the public sector should play a role in the nation's economy i life, and to add my commentary, reagan's way of saying you're not as free and loving as me and maggie, he concluded the sentence this way,n on point all of us are united, our abhorrence of dictatorship in all its forms. reagan's domestic policy is much harder to tell the foreign policy stry because it is more diffuse and the results are more mixed. he won some, lost some of other things are, believe in today. and the human drama of the cold war, mchale gorbachev, reagan never stood in front of the federal trade commission and said mr. regulator, teardown this rule. but he did have that attitude as i explained in the book, and a lot of his appointees did too. there were some dramatic closed-door argumes he had especially with tip o'neill where he used language that would have done lyndon john

. >> nile gardner, director of the margaret thatcher center of freedom, thank you. contessa? breaking for another day of demonstrations that have erupted in violence. so far police arrested 66 protest aers fired off rubber bullets and canisters of pepper spray after a clash with self-described anarchoists. mike, what are police expecting today, mike? >> well, in short terms, what they expect is more of the same. the mayor, pittsburgh's mayor in a radio interyu said that is. the vast majority of those protesters in town were and they expect continue to be peaceful but anarchists have been provoking confrontations with police and throwing rocks their way and throwing dumpsters in their directions and refusing directions and when they do that, those crowd control measures including pepper spray and sound blasts have been used along with batons and the other usually devise to keep the crowd at way and so far the massive police presence has overwhelmed the relatively small number of protesters in town. that march takes off at noon and we'll see what happens. >> mike, thanks. >>> f

and then margaret thatcher and worked out an imminent's person group, to say to south africa, you haveandela out of jail. not because they liked him but the business of nigeria. now that's a power factor that we are just beginning to understand. and i was saying to general powell that i look to the military to help us with this. because africa is too big and too complex for us to figure out. but if we train african military, the african military, most of the people, rwanda is working now, because paul mageni was studying in kansas and when the genocide broke out and he went back and created a government where no one can win. . there is a government of 48% female. they started out with education and technology. i am saying that this is a little country. one general who was trained here has had a major impact on that whole part of southeast africa. now, northeast africa, the sudan, it is impossible. i get upset with my wife's friends who want to put people in jail and this that and the other. but if you put sudan in the united states, it goes from maine to key west, fla. and all the way

i had a chance to talk to margaret thatcher about my work in health reform. she took me by the shoulders and she said, "you must remember the rule of law. there is nothing more important." >> next question. right here? hold on. >> i am concerned about the future and inflation. what can we do to protect ourselves? give us some advice please. >> i think that is a very worthy concern. particularly, were the in light of policy. in my judgment, as i think about the next three-five years, it would be at the top of my list. if we get into that situation and that causes wage pressure, at every priority does, on every point we have talked about today, it raises the costs of labor, production. that combined with this explosion of modernization of the debt by the fed is frightening. it might make the late 1970's and early 1980's look better. it is concerning british concern to me. as a banker, it is a question i get frequently. -- this is a concern to me. the fed is a good job raising rates, but this is an oversize world -- this is an impercise world. therefore, you're

and then margaret thatcher and worked out an imminent's person group, to say to south africa, you havendela out of jail. not because they liked him but the business of nigeria. now that's a power factor that we are just beginning to understand. and i was saying to general powell that i look to the military to help us with this. because africa is too big and too complex for us to figure out. but if we train african military, the african military, most of the people, rwanda is working now, because paul mageni was studying in kansas and when the genocide broke out and he went back and created a government where no one can win. . northeast africa, sudan, it is impossible. i get upset with my wife's friends who want to put people in jail and this that and the other. but if you put sudan in the united states, it goes from maine to key west, fla. and all the way out to cincinnati. they do not have any roads. they do not have any railroads. we are trying to expect them to act the way we acted. they are acting in the way we acted with the indians two hundred years ago. you do not condemn people

. >> i used to love watching margaret thatcher, she wielded the handbag, the right honorable member,ing it right back. tony blair was really masterful at it. >> pat buchanan, this would add some dimension to the discussion, wouldn't it? >> it sure would. look. but here's the difference -- the president of the united states, as you mentioned, is not only head of government, he's head of state in the united states. secondly, when you go before a joint session of congress, that's like, as mike will tell you, solemn high mass with the cardinal archbishop. that's not the time at which you go after him. however, take a look at nixon at his press conferences, which were very much like the british house of commons, all of these guys getting up and yelling at him. you can do it there, you just don't do it at solemn high mass. >> this is a political speech. this is very much a political speech. it wasn't the state of the union. it was a pitch. >> the biggest difference is that you have the queen -- and then there's the prime minister. >> absolutely. >> the president encapsulates everything her

, the statesmen in the world i have met i respect the most is the prime minister of england, margaret thatcher. she has done a remarkable job for england. it takes a little getting used to on the part of some people, but i think it is inevitable that in this country there will be a woman president. they have come up in so many different fields, but it is my feeling that probably, rather than one of them entering the fray to run for president to begin with, it would probably start with one of them, as we did in the election in 1984, have one running for vice president. she did not make it, but that might be the start of it. i welcome it. i have to quit. i'm sorry about some hands. maybe you have to write your -- [applause] i just want to tell you one thing about our country and i will leave. this is a letter i received not too long ago from a man who wrote and told me this -- he said that you can go to france, but you cannot become a frenchman. you can go to live in germany or japan and you cannot become a german or japanese, or go to turkey and become a turk. but the one place in the world whe

participate in the free -- the international wave of free market revolution of ronald reagan and margaret thatcher most pathetic trick, try to glue the goalpost, now adding leisure time in the way -- changing the way you measure growth. >> really? >> talked about it one other time, rich, creamy salsas, the freshness of a cross ont, blow smoke into the face, all these things add to the quality of life. >> all right. when we return, we will have more of this morning's top stories. plus wall street and washington colliding. per spentive from both worlds this morning with dueling guest host. wilbur ross, congressman right after this. they've served for decades as a golden, tasty sidekick... to the all-american meal. french fries, and our national passion for them, are legendary. classic. iconic. but times change and people want better foods. so cargill helped a restaurant chain create... a zero trans fat cooking oil for their french fries... using select canola plants... and innovative processing techniques... while preserving their famous taste. because no one wants to give up a classic. this is how

. >> margaret thatcher used to say socialism works until you run out of other people's money to spend're going to pretty soon. a trillion dollar deficit, taking debt up to 80% of gdp. those are numbers that aren't sustainable. >> don't you see some of these poll numbers asking voters what are their chief concerns, the debt is almost close to or at the top. >> until you ask them what program would they cut and you suggest the program which they are benefiting from and they say, no, don't cut that one. >> you don't see the reversal. >> just the opposite. if you look at everything congress has done in the last eight months and granted the prior administration, president bush's administration. the drug benefit was $8electrical liability. it should have been paid for. i voted against it but there were only a few of us. i think like ten of us. as a practical matter in the last eight months all we've seen is a massive expansion of spending, a moochblt of government to the left aggressively. the president made it clear he felt prosperity was created. that was the philosophy. we have a parliam

[applause] had a chance to talk with margaret thatcher about t years ago about my work in health reformitally took me by the shoulders and she said, you must remember the rule of law. there is nothing more important. with. >> next question. >> i am concerned about the future and what inflatn is going to do to awakening due to protect ourselves? give us some advice please. >> i think that that is a very worth the concerned particularly in lht of fiscal and monetary policy. i would say my judgment as i look at and think about the next three to five years it would be really at the top of my list, not that we haven't talked about anything but a long list of concerns. because of we get into that siation and that causes wage pressure and agreed ministry schemper herrity, we have really made this point, everyone we ve talked about will come everyone of those things raises the cost of labor, raises the cost of production. that combined with this explosion in monitor tyrannization of this dead by the fed is frightening and it might make the late '70s and early '80s look quite but nine and we don

that elected margaret thatcher in may of 1980, reagan looked at the present crisis and said government was not the solution, but it was the cause. there was reference made to clinton's rough start as president in the '90s. he learned his lesson and in his second term he said the era of big government is over. contrast that with president obama's inaugural speech this past january, which i want to quote specifically instead of paraphrasing. "the question we ask today is not whether our government is too big or too small, but rather it works, whether it helps families find jobs at decent wages, care they can afford and a retirement that is dignified." so it presumes that is the role of government. i thought, my goodness, how far have we come in 30 years and that is why i think tony's point we're at that balance point, a really key area of where our country can go forward with returning to the core principles as a spouse by the steamboat institute or progress forward down what i call the road to surfdom, which mr. obama in my judgment has headed us down. also as tony noted, there have bee