so, unassailable and uniifying, this proposal could not be matched. former republican party leader and world war ii veteran bob dole came out of retirement to personally endorse this probably. even current senate rifles main and john kerry put aside their differences for it. >> senator mccain. >> thank you very much, mr. secretary. >> jon: huh? a little good-natured ribbing. i'm sure senator kerry had a good comeback. "what you just saw was senator mccain referring not to me with my current title the right honorable senator from the great state of... massachusetts, but senator mccain has referred to me way title prospectus, mr. secretary, references senator mccain's obstinnence with regard to susan rice, which may result in my ascension to the cabinet position held by such luminaries throughout history as siewrd, achison, vance, and, of course, others, including but not--" ( laughter ) isn't that how you hammed that there, senator kerry. >> thank you very much, mr. president. ( cheers and applause ) >> jon: bam! ba-bam! laugh latch ( laughte( laughter

technologies like solar nanotechnology genetic engineering biotechnology they can establish an absolutely unassailable lead in these twenty first century technologies. and he says this is what may be needed for economic progress so is government investment a necessary part of fueling innovation and at least some of these industries and how does this work efficiently given the malinvestment and misallocation of capital that can come with government spending let's ask our guest what he thinks william janeway so dr jane way i do want to ask and i've heard you discussed this you know is there a role for government investment in something like clean energy which you referred to said there wasn't a bubble possible and clean energy and there wasn't one possible and nanotech so is there any role of government spending absolutely yes the entire digital economy was based on the massive commitment of capital of for funding research and for procurement by the defense department in the nineteen fifties and sixties it was indeed some of it was wasted but here's the point the entire innovation economy always has bee

i've got to tell you, i thought it was airtight, unassailable and a -- >> buy, buy, buy. >> david in california. >> caller: boo-yah, jim, from southern california. >> lucky man. what's up? >> caller: i wanted to get your opinion on ggc. >> i'm not a commodity guy, i'm a proprietary guy, commodity business offloaded by ppg, which by the way helped bring public while i was at goldman, and, i say buy ppg. let's go to ron in new jersey. ron? >> caller: boo-yah, buddy. >> liking that. what's up? >> caller: where do you see this new mondeliz? >> oh, i like it, mondelez, my charitable trust owns it. stephanie link was telling me this morning because we go over the portfolio, this is the one, this is the one, not general mills, not heinz, not mccormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i

his unassailable reputation as an american hero had been forged long before any of us here had ever met him. senator inouye didn't demand respect. he commanded it. the reasons for this, i believe, are many. in 1941, he witnessed firsthand the horror at pearl harbor as a red cross volunteer, he cared for his fellow citizens injured in the attack then. and not long thereafter he joined the 442nd regimental combat team. he was determined to serve his country despite the fact that he, like all japanese americans had been deemed to be an illegal alien when the u.s. declared war on japan. as a young military officer in 1945, daniel inouye led his unit in a successful attack against german fortifications in northern italy. the valor, courage, selflessness and determination that he displayed during the battle are the stuff of legend. and this would later earn him the congressional medal of honor. during this attack, he sustained serious permanent injuries that served as a constant reminder of his sacrifice for our country. senator inouye began his political career as a member of a wise territor