[applause] >> does that mean the wizard is mark hanna running the campaign of william mckinley and sat on his front porch the entire time? >> a lot of interpretations. >> this is the interpretation. it arose the same time the wizard of oz came out. the arthur, frank baum, never acknowledged that this was what he was doing and i don't know if he decided ok, hy didn't actually do it but if people want to read into it was a will may be so, maybe he thought it was better if he never did and it may simply have been -- it may simply have been people reading into it what they wanted to read into it. i think it was something in between. there were certain imagery that would have come naturally to anyone of populist leanings during that period. and so the fact that dorothy is theodore backwards is a stretch. you would really have to turn theodore roosevelt on his head. it is an interesting story. historians have been dining out on it ever since and frank baum is long since dead so he can't deny it. >> one more question and we will take questions from the audience. you can cue up over here with

henry didn't go to william mckinley and said can i have some money to build the model t he built it? >> created nasa a whole series of industries. government investment has led to a whole series of things which could not be done in a private sector. >> bill: what do you mean it can't be done in private sector. >> because companies can't get credit now. you cannot raise that kind of money right now. this is good for the economy. >> either you believe in the free market or you believe in a centrally planned economy. this is what socialists nations do. especially what the auto industry, which is the basis for the industrial base, right? so now you have got a, we had a partial nationalization of the auto industry with the bailout. >> paid back, by the way. g.m. paid it back. >> in the private sector, tried to get these industries not only off the ground into the marketplace but also social engineering, what they want the cars to look like. >> dr. crowley, this began the last administration. >> consumer. >> under your president george w. bush. >> bill: colmes, if there wasn't a 15 trillio

>>justine: the secret service began protecting the president after president william mckinley was assassinatedn the fall of 1901. they extended it to a major candidates after the assassination of robert kennedy in 1968. >>james: we have a break and a live look over san francisco this morning is colder out there that it was yesterday. when we come back, we have the latest on capitol hill or the debt super committee is still deadlocked this morning it looks like the markets will react strongly negative when the opening bell opens at 6:30 a.m.. we will have the latest coming up this morning. [music] >>james: the deadline had arrived in there is no deal yet. congress panel build the super committee will announce that there were kept in unsuccessfully. wednesday there should be cut across-the-board and spread evenly over the next nine years divided equally between the defense and nondefense spending has about $55 billion annually for each category. >>justine: president barak obama plans to sign a bill today helping veterans find work. the legislature create tax breaks for companies hiring jobless v

president of the united states back in 1901 and this was after the assassination of president william mckinley and in 1968 after bobby kennedy was assassinated, he was running for the democratic presidential nomination, the secret service extended their protection to major presidential candidates. now, herman cain on the campaign trail will have secret service protection. the good thing for him in some ways is that it will not cost him any money. he will not have to pay for private security. the bad things is he will not be able to have that touchy feel that you get on the campaign trail. more under locked by the secret service agents. >> then you will remember that kind of protection was extended to president barack obama when he was candidate obama, as well. meantime, iowa caucus right around the corner. it has been a pretty long campaign, thus far. is it taking a toll on any of these candidates in particular? if so, how? >> i think so, fred. i think if you look at all the candidates right now, they're getting very fitired and we tald about the brain freezes and talked about the moments in t