when margaret thatcher had her 80th birthday party in 2005, she had become frail and her mind had been impaired by strokes as the queen approached the former prime minister extended her hand and the queen held it as margaret thatcher could see. but what was surprising is the clean continue to hold her hand and a planned tender we guided her through the crowd of 650 guests which was a remarkable sight for the british to see the queens of physically demonstrative compassionate when the terrorists killed the lord, the queen's cousin and phillips favorite uncle a law with several other members of the family timothy had been severely injured in the attack. when he arrived late one evening with his sister, the queen was there to greet them and they serve the soup and sandwiches and took them to their rooms and even started to unpack them until they were pretty upon to go to bed. he told me that the queen had been caring and sensitive and intuitive and that she had managed to get him talking about his travel experience in a way that nobody else had been able to do. british actors got rave rev

. >> wait, wait -- >> you don't like the margaret thatcher fan or a ronald reagan fan? >> let me make a point. >> i'm for a small government conservative. >> on this set you appear to be one of the four. >> i'm also with "the wall street journal" editorial page. i'm with every conservative i'm with rush, i'm with you name the conservative, you have my concern. so please don't characterize me as being one of these four. >> i love them all. >> first of all you know to characterize the personal life of mitt romney as dee dee has, is to show that she does not know the man. she does 23409 know what he has done. because this is a man who has spent a life in serving others, that is the basis of what he believes and he has done it. number two, number two, we have, we have, we are in perilous times in this country. we are looking at financial ruin. we are looking at dependency. we're a nation of people dependant on their government. and that is what barack obama gives us, he promises that in four more years. this election will decide if we take that path or with mitt romney we t

. >> wait, wait -- >> you don't like the margaret thatcher fan or a ronald reagan fan? >> let me make a point. >> i'm for a small government conservative. >> on this set you appear to be one of the four. >> i'm also with "the wall street journal" editorial page. i'm with every conservative i'm with rush, i'm with you name the conservative, you have my concern. so please don't characterize me as being one of these four. >> i love them all. >> first of all you know to characterize the personal life of mitt romney as dee dee has, is to show that she does not know the man. she does 23409 know what he has done. because this is a man who has spent a life in serving others, that is the basis of what he believes and he has done it. number two, number two, we have, we have, we are in perilous times in this country. we are looking at financial ruin. we are looking at dependency. we're a nation of people dependant on their government. and that is what barack obama gives us, he promises that in four more years. this election will decide if we take that path or with mitt romney 2367

dennis: margaret thatcher needed people dealing to cut back. look at the trouble mitt romney got in for the 47% comments he made. are the american people ready? it sounds like they are not if they are ready to reelect president obama. >> they are just yearning for margaret thatcher type clarity and conviction. they are worried, of course. i totally agree with the fed man in philadelphia. the huge spending is just going into deposits, bank deposits of individuals and businesses. they have no confidence. it is not showing inflation. once they get length against by the banks, that is when the massive inflation will take off. dennis: last question, quick answer. you cannot cut taxes, you have to cut spending first. why can't you cut both at the same time we met oh, i think you can. cutting taxes would at least be something and giving people confidence. it has to be evenhanded. i would move myself towards steve forbes flat tax. this is what i call representation. the taxation with representation and set up representation without taxation. dennis: th

margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect the dots to understand what is going on today. i read the chronicle. so what i've done is put together a montage of the murder of public sector, which is going on everyday. in fact all of the public sector is in body shape. public libraries, parks from the municipal to the national level. our character is among the worst in the world. the new deal deals with things in a different way. when i was going to school, california school's were the best. now they are among the worst with the new budget cuts. of course, my university is being privatized. all of the higher education is being privatized. all through the uc system. how do you run a modern state with tax cuts? we resort to desperate, back last november, we were asked to vote to make four indian casinos in san diego county pony up money. i thought this was a joke. they voted to do it. now, the governor proposes to borrow against future revenues. how did they deal with these social problems when the economic probl

margaret thatcher was consistent. she was clear. >> yes. >> and she was who she was on the record, and she was who she was off the record. >> that's my point. we saw it behind the scenes. we saw the oz, the curtains being parted. so now say, okay, at the end of the day, this is what people saw, seize the moment. >> but romney is no thatcher. >> listen, i mean, look at how many serial gaffes then add up to the portrait of a character. because we know people don't listen to arguments. they listen to sound bites. they listen to an accumulated portrait of a candidate that keep keeps emerging in different ways. what we've seen a stumble at the convention. >> hold on, donny. >> we've seen a stumble convention. we have seen something i thought revealed not just a gaffe but character. he left out the troops out of his speech at the convention. as usual. republicans make hay with the troops, use the flag, you know, celebrate the flag and then they actually forget about the troops. >> that was -- >> that was a very bad gaffe. i

one, margaret thatcher in 1975. margaret thatcher had more of a chance of becoming conservative leader in great britain in 1975 and eventually becoming prime minister than i would have moving to berkeley and being named the president of the free speech society. i'm dead serious. you went to britain in '79, '80, '81. you were over there then. nobody expected margaret thatcher to be elected prime minister in 1979. and the only way she did it was by being brash, bold, radical and getting in people's faces and saying, this empire is collapsing. and the only way we change course and save it is by undertaking a radical course change. and she did it. if she had been tepid like mitt romney is, she would have been crushed by labor. >> and nobody had any doubt what she stood for. >> no doubt. >> what her policies were, what her whole personality was going to be, what she was going to do if and when which she did become prime minister. >> and by the way, end of the story, what did she do for great britain? >> she turn it had a

you don't like the margaret thatcher fan or ronald reagan fan? >> please, let me make a point here. >> don't put me as a four to one. i'm not. i'm a small government conservative. >> on this set, you appear to be one of the four. >> i'm also with the "wall street journal" editorial page and i'm also with every conservative. i'm with rush. i'm with -- you name the conservative, they have my concern, bay. please don't characterize me as being one of these four. go ahead, bay. >> we're not that bad. >> what's wrong with us? >> i love them all. but i'm not one of them. >> to characterize the personal life of mitt romney as dee dee has is to show that she does not know the man. she does not know what he has done. >> i know what he's done. >> this is a man who has spent a life in serving others. that is the basis of what he believes, and he has given. >> i'm not questioning that, bay. i'm not saying that. >> yes, you are. >> no, i'm not. >> number two, we are in perilous times in this country. we are looking at financial ruin. we are looking at dndsy.

margaret thatcher, shopkeeper's daughter, would have never said that in a million years. >> never. >> and, you know, this is just like four to one. i should be allowed to speak, you know, for each one of these people here. >> wait, wait, wait. you don't like the margaret thatcher fan or ronald reagan fa >> please, let me make a point here. >> don't put me as a four to one. i'm not. i'm a small government conservative. >> on this set, you appear to be one of the four. >> i'm also with the "wall street journal" editorial page and i'm also with every conservative. i'm with rush. i'm with -- you name the conservative, they have my concern, bay. please don't characterize me as being one of these four. go ahead, bay. >> we're not that bad. >> what's wrong with us? >> i love them all. but i'm not one of them. >> to characterize the personal life of mitt romney as dee dee has is to show that she does not know the man. she does not know what he has done. >> i know what he's done. >> this is a man who has spent a life in serving others. that is the basis of what he believes, and he has given. >

i started talking about margaret thatcher. it was wonderful. and i sent off an e-mail that night to my parents, i had drinks with fidel, of course, there was sure, you did. and the photographs followed. that's not going happen begin. -- again. it was a chance to debate essential stereotypes about female power with a known dictator. wow. yeah, that was an unusual day. >> when you teach about margaret thatcher, how do you approach her? >> well, having seen meryl streep in the "iron lady" i love her, that was an amazing film. one of the things margaret thatcher is known for is not being so much an afish nad dough of feminist legislation. she's a good example of a woman who had to be more or less accepted as quote, an honor rare man in order to be taken series on a man's stage. that is jumping point for students to talk about what degree have we made everyone male and say now we have a quality, and we have constantly moved women in ever more opportunity once available for men, sports, law, military, government, not the priesthood, okay. we don't se

margaret thatcher made an impact on world politics and, would you believe, the world of fashion? we saw a proof of that in london today as seven suits worn by the former british prime minister sold at auction. one of them sold for more than $39,000-- more than ten times the expected price. the actor michael clarke duncan was hard to miss. his big size and booming voice earned him roles on the big screen including that of a gifted convict in "the green mile." he earned an oscar nomination for that role in 2000. sung can suffered a heart attack in july and died in los angeles today. he was 54. a family of steel workers wonders if it will be the last generation to work at the mill. wonders if it will be the last generation to work at the mill. that's next. ove they give you predictable overnight relief to help get you feeling like yourself again in the morning. dulcolax laxative tablets. keep you moving. ♪ feeling free. ♪ and every day since, two years ago, the people of bp made a commitment to the gulf. we've worked hard to keep it. bp has paid over twenty-three billion dollars

margaret thatcher made an impact on world politics and, would you believe, the world of fashion? he saw a proof of that in london today as seven suits worn by the former british prime minister sold at auction. one of them sold for more than $39,000-- more than ten times the expected price. the actor michael clarke duncan was hard to miss. his big size and booming voice ndrned him roles on the big screen including that of a gifted convict in "the green mile." he earned an oscar nomination for that role in 2000. duncan suffered a heart attack in july and died in los angeles today. he was 54. a family of steel workers wonders if it will be the last generation to work at the mill. that's next. that's next. ove they give you predictable overnight relief to help get you feeling like yourself again in the morning. dulcolax laxative tablets. keep you moving. ♪ feeling free. ♪ and every day since, two years ago, the people of bp made a commitment to the gulf. we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, an

>> in the words with margaret thatcher with socialism you run out of other people's money. john: look at the workers. it was making sense in 1951 there were 16 workers for every retiree. >> what you say it is flawed in the execution for their recipient ratio. >> you don't say it is the idea but the functioning. >> how do restore prosperity? to destroy the economy and culture to inflate the way out? we lied. it is upon the scheme. then you can opt out. john: they say it changes people's attitudes to save them for themselves. >> that somebody else takes care of retirement benefits and health benefits. instead of proving the money we spend like crazy. the chinese had saved world-class record. john: day know better that they have to take care of themselves if it most people don't believe they have to to -- were card because the government will save them. >> u.s day they don't save enough. >> it does not matter by. >> u.s say they don't do it because of social security. it is not logical. >> they don't save because they don't have money. >> they have not invested the money you g

[laughter] megyn: your former leader, margaret thatcher. >> a wonderful woman. megyn: a lot of people have been looking back at ronald reagan seeing how he got us out of our economic troubles in the 1980s and looking at margaret that mucher and what she did to rein in government spending as opposed to taxing people to blif onand try to get people all of the dole. we have a clip from her in 1983. watch this. >> the state has no source of money other than the money people earn themselves. if this state wishes to spend more, it can do so only by borrowing your savings or by taxing you more, and it's no good thinking that someone else will pay. that someone else is you. there is no such thing as public money, there is only taxpayers' money. [applause] >> the problem with socialism is that sooner or later you run out of other people's money. she inherited an entitlement mentality when she became prime minister in 1979. she turned it around, she grew the economy and created prosperity and reversed the entitlement victim mentality. megyn: uh-huh. but there is that thin

. >>> how is this for a shopping spree, seven suits worn by british prime minister margaret thatcher fetched a total of $115,000 at a charity auction in london. the top price was $30 grand for a green wool outfit thatcher wore on the day she was confirmed as conservative party leader. >>> and britain's prince harry made his first public appearance last night since the scandal last month involving nude photos in las vegas. harry attended an award ceremony for children with life threatening illness. one intended to tell a cheeky joke instead ended up playing with his penguin. back to al for a check of the weather. >> always a good idea to play it safe. folks from slidell, a beautiful baby there. what's her name? >> sophia. >> who is this. >> elana. >> this is elana's big sister. >> olivia. >> olivia and elana. sweet 16, happy birthday. >> thank you. >> let's check it out, see what we've got today. more rain. this is actually remnants of isaac working its way combining with a cold front, heavy showers and thunderstorms from michigan and wisconsin all the way to the northeast and new eng

if you listen to what margaret thatcher said when she took control of the conservative party in '75, what ronald reagan said his entire life, they believe the conservative message helped the 100%. they believed that's how you got people out of the unemployment lines, how you got the working poor back to work with better jobs. and mitt romney just sounded so negative talking about the 47%, writing it off. forget the faux pas. i'm more concerned, as is daniel h heninger in "the wall street journal" this morning, i'm concerned about romney the man. what does he think? is he a conservative? is he an optimist? i have no idea. but steve, you actually -- you brought in charts this morning onxactly who makes up that now infamous 47%. and as you and i both know, there are a lot of heros on that list, a lot of veterans, a lot of men and women fighting in afghanistan. and i'm not saying this to ding romney. i'm just saying to say it was an ignorant thing for him to say, and he's got to admit that because you look at some of those 47%s that he was going after, and they are big-time republican vo

as margaret thatcher once said about socialism, there comes a point when you run out of other people's money. and we have. the sad truth is that today millions of americans are not willing to do what it takes to support themselves. they want the government to provide. they feel it is owed to them. yes, times are tough. yes, it's not easy to get a good job. even the face of a severe recession, most of us are working hard. many are succeed o'clock. but far too many are not trying hard enough. that's a memo. the top story tonight, after president obama was caught on tape saying he supports income redistribution, what we're talking about, that's taking money from the successful and giving it to the less successful, an nbc news correspondent said this. >> we have not authenticated this 14-year-old tape. when barak obama was a state senator. so because we have not independently at nbc news and msnbc authenticated it, we're not airing it. >> that situation were reverse add short time later and they did run the tape. joining us from boston, democratic strategist mary ann marsh and from los ang

if you listen to what margaret thatcher said when she took control of the conservative party in '75, what ronald reagan said his entire life, they believe the conservative message helped the 100%. they believed that's how you got people out of the unemployment lines, how you got the working poor back to work with better jobs. and mitt romney just sounded so negative talking about the 47%, writing it off. forget the faux pas. i'm more concerned, as is daniel h heninger in "the wall street journal" this morning, i'm concerned about romney the man. what does he think? is he a conservative? is he an optimist? i have no idea. but steve, you actually -- you brought in charts this morning on exactly who makes up that now infamous 47%. and as you and i both know, there are a lot of heros on that list, a lot of veterans, a lot of men and women fighting in afghanistan. and i'm not saying this to ding romney. i'm just saying to say it was an ignorant thing for him to say, and he's got to admit that because you look at some of those 47%s that he was going after, and they are big-time republican

. >> they came up with this phrase which they got from margaret thatcher, thatcher's phrase when she ran in britain was labor isn't working. their phrase here is obama isn't working. not only does it quite not make sense on a personal level, it's not enough to wane the campaign, and what they've done is that they've -- as jim said, they brought in the guy with the ideas and the specificity and told him to shut up. >> yeah. >> i predict eventually that paul ryan is going to chafe -- >> i think republicans in the end are going to turn and say, wait a minute, i really had a problem with obama. now i meet this guy. i may have to stick with obama. i think -- wherever you go, that's where you're going to be. i'm not sure everybody wants to be with romney. we'll see. to try to prevent the right wing herd from being spooked, the romney campaign released a memo saying don't get too worked up about the latest polling. while some voters will feel a bit of a sugar high from the conventions, the basic structure of the race has not changed significantly. the reality of the obama economy will reass

seven suits that once belonged to margaret thatcher were sold at an auction in london yesterday. among the outfits, the turquoise gold suit she was confirmed as the leader, sold for $116,000. she is currently 86 years old and was the longest serving prime minister of britain in the 20th century and the only woman to hold that post. >>> talk of the town on tmz tonight. the death of oscar-nominated actor michael clarke duncan. harvey levin joins us live with more. duncan was known as a gentle giant on and off of the screen. i know you have learned he was holding a secret when he died. tell us about that. >> well, the secret was that he was secretly engaged to amarosa and they were planning to get married in january. and really, really tragic. she's destroyed by this. this was a real deep, deep relationship. you know the story that she saved him. we now know tragically the problem is it took awhile to get his heart restarted and that was the undoing, laura. he was not breathing for more than five minutes. ultimately, all of his organs failed and it was a slow process but that is ess

. >> there are tories, margaret thatcher, the shopkeeper's daughter, you know, who wanted to try to lift the poor up. i think there's the analysis he's doing of society of the economy, but the thing to me that's more troubling is this notion that not only is he analyzing and saying this is what this category of people are like, but he's saying i can't help them, i can't do anything for them, there's no reason for me to try to talk to them, right? if you're going to be -- this is this -- the obama campaign has made this point, but if you're going to be president of the united states, you're the president of all the people, not just the ones who vote for you, not just the ones who are of your class, not just the ones you identify with. his attitude was there's nothing i can do about those people so my campaign will just ignore them because of the way they are. i think that's the most troubling thing about it, and, you know, the right has pointed out all day long and you mentioned in the lead in to this that this is like president obama with the comment that he made in 2008 at the fund-rais

. >> they came up with this phrase which they got from margaret thatcher, thatcher's phrase when she ran in britain was labor isn't working. their phrase here is obama isn't working. not only does it quite not make sense on a personal level, it's not enough to wane the campaign, and what they've done is that they've -- as jim said, they brought in the guy with the ideas and the specificity and told him to shut up. >> yeah. >> i predict eventually that paul ryan is going to chafe -- >> i think republicans in the end are going to turn and say, wait a minute, i really had a problem with obama. now i meet this guy. i may have to stick with obama. i think -- wherever you go, that's where you're going to be. i'm not sure everybody wants to be with romney. we'll see. to try to prevent the right wing herd from being spooked, the romney campaign released a memo saying don't get too worked up about the latest polling. while some voters will feel a bit of a sugar high from the conventions, the basic structure of the race has not changed significantly. the reality of theow economy will reassert

it collapsed once margaret thatcher and ronald reagan and paul volcker got in. what they need is another big spender. they're going to get it. >> gentlemen, thank you for your thoughts on this momentous week for the markets. we're heading toward the close. markets coming off their highs of the day with 50 minutes left. the dow is up 74 points. >> don't go anywhere. it's a huge day here on the "closing bell." ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choo

. >> there are tories, margaret thatcher, the shop keepers daughter who wanted to lift the poor up. i think there's the analysis he's doing of society of the economy, but the thing to me that's more troubling is this notion that not only is he analyzing and saying this is what this category of people are like, but he's saying i can't help them, i can't do anything for them, there's no reason for me to try to talk to them, right? if you're going to be -- this is the obama campaign has made this point, but if you're going to be president of the united states, you're the president of all the people, not just the ones who vote for you, not just the ones who are 6 your class, not just the ones you identify with. his attitude was there's nothing i can do about those people so my campaign will just ignore them because of the way they are. i think that's the most troubling thing about it, and, you know, the right has pointed out all day long and you mentioned in the lead in to this that this is like president obama with the comment that he 345ed in 2008 at the fund-raiser in san francisco a

and meryl streep -- >> well she has played margaret thatcher. >> stephanie: that's right. let's go to marianne in salt lake city. >> caller: good morning. >> stephanie: good morning. >> caller: first of all when are you going to utah? >> stephanie: oh goodness i know. we have to get on that >> caller: up here in utah we are owned by the same church that mitt romney belongs to, so if there is something that people are doing that they don't like, they just buy the property and do their other thing. they just built their own new beautiful mall. they won't let tattoo shops, there is a same-sex couple that got arrested for kissing in public. so then people started watching the streets around the mall and there was a couple holding hands, so they made main street church property so if there is any swearing or anything there they can kick you off. >> stephanie: i think all of us will self deport. that doesn't sound like any fun at all. [♪ "world news tonight" theme ♪] >> stephanie: the obama campaign is nailing mitt romney on his tax returns. >> happy now? >> stephanie: no. t