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Support and they're not going backwar backwards, they're moving forward. >> seemed clear to me that michele bachmann probably represents the tea party fundamental and newt gingrich supported tarp and climate change and nancy pelosi in the famous ad and supported the universal mandate for the country. is this a failure of the tea party? >> it's an absolute failure if the goal was to find a washingtons outsider, no bigger washington insider than newt gingrich and no better symbol of someone who went to washington poor, got rich off the system and you have to dig up the bones of lyndon johnson to...

Get a florida employee identification number, buy commercial liability insurance, register with the state department of finance. but in delaware this can be done in just a few days, and it was good i had done it legally because a wilmington cop came over to make sure i have had my vending permit. cost me $10. >> yeah, the city will get ya. [laughter] >> but i'm legal, right? >> yeah, you're legal. >> it could have been worse. i started my business in delaware because i was told delaware and nevada have relatively friendly business laws. new york's bureaucracy is so ferocious i'd have to spend ...

The with the germans? >> once again our two harvard professors see things through different lenses. here's joseph nye. do you think that there is a historical pattern here, the british empire once ruled the world and over time, declined. is america in britain's place? >> no. i think that's over simplified. as one historian put it, britain ruling the world from a little island off the coast of europe was like an oak tree in a potted palm container. it was unnatural. the united states is basically in demographic terms very, very different from britain in an economic scale, different if total con...

Very, very different from britain and in economic scale different, in total continental size different, so i think the analogies with britain are a bit oversimplified. in addition, there's a social structural change which is as britain got rich, the british elite wanted their young people not to become entrepreneurs but to become landed gentry. in the united states it's very different. you want your child to go out and start up a new silicon valley company. you know, our best and brightest, and many of them see their path to the future as entrepreneurship. that's a source of great creativity i...

Different, in total continental size different, so i think the analogies with britain are a bit oversimplified. in addition, there's a social structural change which is as britain got rich, the british elite wanted their young people not to become entrepreneurs but to become landed gentry. in the united states it's very different. you want your child to go out and start up a new silicon valley company. you know, our best and brightest, and many of them see their path to the future as entrepreneurship. that's a source of great creativity in the american economy. >> so will america's entrepreneu...