money as part of the forced bankruptcy, not only of chrysler, but gm.he sale announcement comes as president obama is visiting a plant in ohio today. he is expected to tout the success of the bailout, as well as saving american jobs. well, mr. president, we will wait and see for the jobs report coming out in a few hours' time. >>> a neighborhood grocer could get fresh competition from walmart. walmart is testing a small store format called walmart expressed, aimed at remote and urban areas without a nearby grocery store. the first prototype opens in arkansas and two others will open in chicago this summer. walmart expressed it's going to stock -- they say it's less, 13,000 items -- it's not a small store, but that's compared, of course, to the 100,000 items at a typical walmart super store. so they have a few things at walmart. i don't know if you've heard of it. >> oh, yeah, we love those big box stores, don't we? >> absolutely. you can find anything there, right? you can find like oranges -- you know? >> okay, nicole lapin. >> clothes and whatever. >>

delphi, a gm spin-off, had already been in bankruptcy for several years but remained a major supplier to gm and so was needed in order for gm to be able to survive. because delphi had not made contributions to their pension plans, the pbgc had placed liens, so the treasury cut a deal with gm, the pbgc and delphi such that the pbgc gave up in favor of equity position in delphi a one-time $70 million payment from gm and a $3 million unsecured claim. thus, gm could keep their major supplier, but the participants in the pension plan lost a great deal. .. >> thus denying us the opportunity to be represented or follow any kind of due process. simply put, our decades of effort for the company were considered to be valueless for the administration so they kicked us to the curb while taking good care of the supporters at the representing take. short administration and unprecedented involvement from the respected retirees that could not protect themselves was political, illegal, unethical, and immoral. they had the ability to treat every worker in a fair and equitable manner. they still can. th

there's still a lot of money that hasn't been paid back over time by gm and chrysler, but it was still a big chunk of change. on the unemployment issue, the white house still believes that once gas prices go down, once the japan recovery efforts jump-start manufacturing acts from this country to help them rebuild and wants mhelp with th debt crisis, and that's dealt with, that should shake the atmosphere. >>> that all sounds easy. chuck, thanks. >>> now we turn overseas where the arab spring is quickly turning into arab summer and promises to be prolonged and lot and violent. there were disturbances in yemen today, getting closer to all-out war. richard is with us tonight. good evening. >> reporter: good evening, brian. major developments in yemen. anger and protests have been building in yemen for four months. today was the first attack to actually kill the president. smoke can be seen rising near the presidential palace after what the government is calling an assassination attempt. it happened around midday prayers when across town, thousands of yemenis were protesting against salah.

gm, stood on the brink of collapse. now, we had a few options. we could have done what a lot of folks in washington thought we should do -- nothing. but that would have made a bad recession worse and put a million people out of work. i refused to let that happen. so, i said, if gm and chrysler were willing to take the difficult steps of restructuring and making themselves more competitive, the american people would stand by them -- and we did. but we decided to do more than rescue this industry from a crisis. we decided to help it retool for a new age, and that's what we're doing all across the country -- we're making sure america can out-build, out- innovate, and out-compete the rest of the world. that's how we'll build an economy where you can see your incomes and savings rise again, send your kids to college, and retire with dignity, security, and respect. that's how we'll make sure we keep that fundamental american promise -- that if you work hard and act responsibly, you'll be able to pass on a better life to your kids and grandkids. now, we've got a ways to go. even though our economy has created more than two million private se

the large town gm plant was dead for a short period of time. without a single car being manufactured. but it's now alive and employees around 4500 people. those workers are using parts made down the road in my district, roughly 20 percent of the parts in the gm metal center in my district go to large town. with the manufacturing of the chevy cruz. it doesn't stop there. they apply equipment from napoleon, ohio to make autoparts, sustaining yet another ohio work force. the web of connections goes on and on in the parts, materials, equipment, goods, and services that the auto industry workers and families depend upon. whether it survived or torn apart was at stake in late 2008 and 2009. thankfully the bush administration decided to make the first loans and current administration built on what the bush administration did with more financial support for the restructuring of the industry and successful emergence from bankruptcy. the most important point i hope we remember throughout the hearing was a calamity averted for the communities in the investment. without the investment, as many as 3.3

you said you're coming back, but the bailout worked for gm. >> the bailout absolutely worked. >> it was the right thing to do. >> it was the only thing to do. now there's second-guessing, should have done a normal chapter 11, should have taken months, should have had private dip financing. these people forget the banks were out of money. there was no financing. >> i know you're not a political sort by nature, but why is there such political opposition right now to something so manifestly worked and brought back a whole sector of the economy? >> well, to tell you the truth, i'm a free market republican by trade, but i get off the boat with rush limbaugh and glenn beck and everything when they criticize the bailout. they're even criticizing the chevy volt now as a product of the obama administration. hello, i thought of that in 2006! i think what this is is an unfortunate tendency to use whatever is available as a lever against the obama administration. good, bad or indifferent. and the auto bailout was absolutely -- and it's worked. look at all three companies. they're profitable. >> my

but globally. china is the biggest market for gm, bigger than the u.s.esident obama was today, chrysler sales when you look at may, last month, are up 27% from where they were a year ago. now look. these companies owe the u.s. money but the bottom line is their sales are up from where they were and they would not have stood were it not for the bail out and the white house projects they say conservatively a million american jobs would have been lost if they weren't to come to the rescue of the auto makers. >> and so there's the big political debate, is this the government's job? should the government ever intervene? or should the government just let them crash? obviously the government did intervene and the question now is what chrysler, that $1.3 billion still in the red to the government. general motors is about $10 billion still to be paid back i think. the question is overall worth it, was it a worth while investment propping up the industry? you say a million jobs, the white house says, i'm sure there is someone who is going to dispute that but botto

it is not just for the tarp bailout, gm bailout, but probably most offensive to two- party values is his support with ted kennedy for a dramatic expansion of government health care in the waning days of the hillary care fight. he literally pulled out of the dustbin of history and recreated the program in terms of kids first. that is the basis for obamacare. this is not have tea party-ers roll. host: gray supports his reelection. guest: i have talked to him about this. he has been with us since 1992. it is a personal relationship boyden has in the first bush warehouse supporting nominees. the great thing about freedomworks and the board of directors is that we all buy and to the same mission. we have the freedom to take tough stands even when a board member might disagree because of a personal friendship. is based on the principles we have as an organization. host: does the organization support a primary challenge and the defeat of hatch? pac is thedomworks' organization that would specifically get involved in utah. there is not a challenger announced yet. a lot of people are looking

gm best friend. may have kept him on the job longer than warranted but in the mid of long losing streak they need newoice, new energy so he's out after 4 and a half years. he was manager in 07. working as advisor in the d-backs organization. he will be in charm for the rest of the year. would would melvin arrival spark a turn around. in chicago no. bottom third. up 3. dunn deep on kay hill. shortest outing of the year. 6 runs on 8 hits. there it goes. paul takes brian downtown. paul 15th of the season. same old same old a's lose the tenth straight. final 9-4. giant hosting cincinnati reds. world series edgar returning to san francisco. championship ring and bunch of hug. pitcher dual gets him. goes 7. fans 7. not know support. johnny dealing 7 scoreless. torrez there. scoreless in the fourth. johnny gomez. petaluma a single up the middle. all need entered this game and win 3 nothing. giants were held to only 4 base hits. >> back to the nb a.do you think miami will win the next one. >> well i said originally dallas would win in 6. >> you stwibing that. i look intelligent right now so i'll stay with. t

but the primary user is not daugherty. -- is not a booker t.. that is an important issue because the gm is a physical part of the community center and this whole project is based on a private motive. the city had some planning, perhaps the community land trust to get some funding. perhaps the gymnasium could have been more primarily used for the use to attend booker t. washington rather than a private high school. that's another point of contention -- the school is going to have primary use of the gymnasium. that is something that should be considered. perhaps with the mayor's office of housing, they could provide more funds to get more housing for transitional use. [tone] supervisor mirkarimi: thank you. next speaker please. >> i'm here today on behalf of the john burton foundation for children without homes to express our support for the booker t. washington community service center project that has been spoken about today. the john burton foundation is dedicated to the alleviation of homelessness among children in california with a particular interest in youth who are part of the sta

last but not least, exclusive on "gm," look at how huge this is.ives. including these 60% off. >> something for everybody. super fun. all right, thanks. thank you very much, tory. >>> find out how to get these deals at our website. three more exclusive deals as tory was just telling us for our facebook fans. >>> how the change in the middle east is changing your world. these sweehoney clustery things have fiber? fiber one. almost tastes like one of jack's cereals. uh forgot jack's cereal. [ jack ] what's for breakfast? uh try the number one! i've never heard of that. [ wife ] it's great. it's a sweet honey cereal, you'll love it. yeah this is pretty good. are you guys alright? yeah. [ male announcer ] half a days worth of fiber. not that anyone has to know. fiber beyo recognition. fibeone. denny's new tour of america menu. 50 star cuisine. the new tour of america menu. starting at $4.99. only at denny's. america's diner is always open. >>> bruce filer has trekked through the deserts of the old testament. battled bone cancer. all of these stories ha

gm and ford are all turning a profit. >> we could have done what a lot of folks in washington thought we should do -- nothing. but that would have the rescission worse and put a lot of people out of work. i said if gm and chrysler were willing to take the difficult steps of restructuring and making themselves more competitive, the american people would stand by them. and we did. >> the president says chrysler has repaid every dime of the government rescue package, six years ahead of schedule. >>> homeowners at risk of foreclosure and their lenders, they're all coming face to face at an event in washington. both parties say they mean business. that's up next. >>> and the food pyramid has been replaced by lots of fruits and vegetables, and you do not need to break the bank to afford it. ♪ [ male announcer ] thanks to advanced natural gas turbine technology from ge, the power that will help make our nation more energy independent is right here in america. [ crickets chirping ] ♪ [ cheers and applause ] advanced gas turbine technology from ge. ♪ agents, let's welcome beast, an exchange studentne technology from the x

the obama administration argues that there bailout of chrysler and gm was saving jobs in detroit, butyou argued against those bailouts. >> well, they are right, but at whose expense? the people who lost their houses and lost their jobs and who are suffering. saving depression and harm and suffering on wall street, but they needed to go bankrupt. the companies that were broken, they should go into bankruptcy, their good assets bought up, instead of dumping them on the taxpayers, so these banks and all that were making money off of the derivatives, we ended up owning those because they were bought up by the federal reserve by a tune of trillions of dollars which, again, diluted the value of money, and they created the money out of thin air, so wall street, the big banks, some of these corporations that would have a tough time, but they never got hurt. they were saved. for instance, the car companies, you know, et -- you know, the people who invested in the company's lost everything, but because of the way the administration designed it, the bonds held by the labor unions, there are all

it is not just for the tarp bailout, gm bailout, but probably most offensive to two- party values is his support with ted kennedy for a dramatic expansion of government health care in the waning days of the hillary care fight. he literally pulled out of the dustbin of history and recreated the program in terms of kids first. that is the basis for obamacare. this is not have tea party-ers roll. host: gray supports his reelection. guest: i have talked to him about this. he has been with us since 1992. it is a personal relationship boyden has in the first bush warehouse supporting nominees. the great thing about freedomworks and the board of directors is that we all buy and to the same mission. we have the freedom to take tough stands even when a board member might disagree because of a personal friendship. is based on the principles we have as an organization. host: does the organization support a primary challenge and the defeat of hatch? pac is thedomworks' organization that would specifically get involved in utah. there is not a challenger announced yet. a lot of people are looking

not just in the context of the auto bailout where it's easier to point to gm and chrysler and say look what we accomplished, butntire economy would have been so much worse, that the implosion of both confidence, a financial system, job creation would have been devastating had we not put in place that cushion of the stimulus package. now, you're saying it would have been worse but for, and that's not an appeal in a political argument. and i think the president now at this moment of intense weakness, lack of job creation needs to bring all of this oratorical and intellectual skills to bear to say here's what the record shows us. david cameron, may be a great leader, the british economy is not faring well because of those cuts. there is a sense of reality -- >> if britain we're trying to deal with this deficit. >> maybe you're doing the wrong thing. >> but -- but he has been elected to try and see this through. and he's seeing it through. and if he does turn out, as i belief, to actually to get away with it, then the anti-keynesian view will be proven right. this next election is going to be a classic keynesian el

but you know what? that's not how you build a better future. >> reporter: he'll take credit for turning around chrysler and gmmy back from the brink of depression. but with unemployment so stubbornly high and republicans blocking the president's plans to stimulate growth with new investments, the economy is a dark cloud over the president's reelection campaign. >> there are several candidates who could easily beat obama if the economy is bad enough. >> reporter: no president since roosevelt has won ree election when the unemployment was higher than 7%. perhaps another example is the first president bush. his approval rating was sky high, 88%. but just 16 months later, that rating plummeted to 31% after the unemployment rate soared to 7.5%. he lost the election to bill clinton. ronald reagan won the election even though unemployment was over 7%. >> if the economy is going downhill, the incumbent president almost always loses. if the economy is improving, the incumbent president almost always wins. >> reporter: most economists believe that unemployment rate is still going to be painfully high on election day ne

gm and possibly volkswagen in its year's global sales rankings. >>> a stake at new york's smith and molinski starts at about $37 but this year with warren buffett for charity goes for 2.63 million. >>> and finally, did bill gates just slip into an interview with england's daily mail by calling mark zuckerberg's girlfriend his fiancee? well, facebook is denying any zuckerberg engagement, calling gates' comment a misunderstanding. >>> but coming up, more on dallas taking down miami's millionaires. dirk and the mavericks bringing the nba crown back to the lone star state. your early morning sports headlines are straight ahead. >>> in weather we're starting off the work week just like last week. hot conditions in the south and storms in the north. >>> good morning, if you're just waking up, this is "early today." and in sports, as we reported earlier, the mavericks upset the miami heat in the nba finals, bringing dallas and dotcom billionaire owner mark cuban a long-awaited championship. once again here's nbc's mario solis with an early look at all your sports headlines. >> hi there. good morning. the miami heat may have the three best players in t

but buster posey controversy continues. giants essentially apologized for inflammatory statements by their gm.xt [ banker ] mike and brenda found a house that they really wanted. it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the street from her sister. [ banker ] but someone else bought it before they could get their offer together. we really missed a great opportunity -- dodged a bullet there. [ banker ] so we talked to them about the wells fargo priority buyer preapproval. it lets people know that you are a serious buyer because you've been credit-approved. we got everything in order so that we can move on the next place we found. which was clear on the other side of town. [ male announcer ] wells fargo. with you when you're ready to move. well mainly in traffic. i'm serious. we've been together, what, a super long time. true. and at first it was all business, you know, i'd take him here, i'd take him there. everywhere. and over the years, we've really bonded. sure. why else would you always buy me chevron with techron? 'cause we need gas. i thi

but it's a great story. i wish denver broncos how are you going to be looking this year. >> hopefully pretty good. >> jon: listen, elway is now the gmrn from. >> jon: absolutely. i wish you all the best. come back and see us again some time. tim tebow through my eyes on the book shelves now.

but it's a great story. i wish denver broncos how are you going to be looking this year. >> hopefully pretty good. >> jon: listen, elway is now the gm learn from. >> jon: absolutely. i wish you all the best. come back and see us again some time. tim tebow through my eyes on the book shelves now. within that's our show, join us next week. here it is your moment of zen. >> this is the biggest thing. he admitted to taking sexual photos. i don't w

but it's a great story. i wish denver broncos how are you going to be looking this year. >> hopefully pretty good. >> jon: listen, elway is now the gmrn from. >> jon: absolutely. i wish you all the best. come back and see us again some time. tim tebow through my eyes on tim tebow through my eyes on the book shelves now.comedian (y buddy! comedian: mike, a little constructive criticism for ya. there's one thing i don't like about your commercials. mj: this is gonna be good. comedian: everybody always showin' you their underwear. it's not realistic. comedian: now me, i just got these. comfort flex waistband. doesn't pinch, doesn't bind. nothin' man, i can get so low in these. look at this! look at this movement. comedian: i'm like a ballerina in these things. i could take you, i bet, in these. i bet i could take you! vo: the new comfort flex waistband. won't pinch, won't bind. new from hanes. what could possibly hold together all the natural energy found in peanuts? caramel works. payday. crunchy roasted peanuts and soft chewy caramel come together to give you sweet energy. payday. the sweet taste of energy.

but it's a great story. i wish denver broncos how are you going to be looking this year. >> hopefully pretty good. >> jon: listen, elway is now the gm learn from. >> jon: absolutely. i wish you all the best. come back and see us again some time. tim tebow through my eyes on the book shelves now. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. within that's our show, join us next week. here it is your moment of zen. >> this is the biggest thing. he admitted to taking sexual photos. i don't know about you but i can unequivocally say i have

but they call him a defensive liability. so with the nba draft he is rumored to be on the trading block. here is what gmtoday. >> i'm pretty sure that monta ellis will be here and it's just one of those things that seems like people take a story and it takes on a life of its own and it goes crazy and that's what this is all about. there have been some ridiculous comments already and we'll just leave it at that. >>> well perhaps there's another player at oakland who could be traded. mark ellis the a's second baseman will be activated from the disabled list wednesday and heap won'ten giving his old job back which now belongs to jamaal weeks. he got 6 home runs, batted in 7, since being called up june 7th, in 12 days in the big leagues he already has a reputation for being a nightmare on the bases and a wizard with the glove. but in the clubhouse he is still a rookie. >> i went 0-4, they were jumping op me already about having a song already, playing, i had my own walk-out song. they said you got to get at least three years in the bigs before you get that. but i can't -- >> jack mckean was 056 years old wh

but it seems like non-union people and should take the unions, or even gm to court. nt billions to bail them out, but then we send jobs to mexico. can't we take a collective action? do we have to be in a union to bring an action against the company? there are a lot of people who are not union people who need representation. guest: i do not think the bailout was simply to protect union workers because the financial institutions were also bailed out and they have very few workers represented by unions. they allow them to keep all of their huge bonus contracts and the billions of dollars paid out in bonuses, but the auto required, they've general motors to go through bankruptcy reorganization where they have reduced their costs by 20% to 25%. they did not do any of that with the financial institutions. they should have told them to go through bankruptcy organization -- reorganization and you're going to reduce these contracts that cause you to go through the situation you are in now. all of these derivatives and the thieves who went through the mortgage situation where t

but other communities have, too. the chevy volt has proved to be wildly popular, if you talk to people from gm. they only have four places in the country where they are selling it. now they are opening up distribution and sales rooms around the country because people like the car. it is an easy car to drive, it gets good gas mileage, it is part battery-part combustion. it does cost $42,000. nobody is disputing that. nobody is disputing that. there is a $7500 tax rebate when you buy the volt. i give gm credit, nissan credit, ford. i give all of these companies credit for trying to build automobiles that helps people with high gasoline prices and gives people an alternative. if you do not want to drive a battery-powered car, so be it. my hybrid is a great vehicle. we like it very much. i encourage people to take a look at them. if you do not like it, by something else. certainly, people are going to buy these vehicles because they are tired of high gasoline prices. host: scott, in birmingham, alabama. caller: the reason i was for helping chrysler and gm -- and correct me if i am wrong. correct me

two years ago chrysler and gm were on the brink of collapse and ford was teetering on bankruptcy. now the big three are profitable. butake the bailout. it bounced back even faster than gm and chrysler. to be fair, the bailout did change the way cars were made. and unions negotiated with. and according to the center for automotive research it saved 1.5 million jobs. what about the rest of the country? the job market has stalled with unemployment over 9%, americans are still hurting. so the talk back question today, was the auto bailout worth it? facebook.com/car facebook.com/carolcnn. i'll read your comments later this hour. >> thank you. sheer's a look at what's ahead on this hour, the casey anthony trial, jurors hear uds audiotapes of her interrogation. and working part time, but not because they want to. it's like the -- what it's like to be underemployed. >> i do my bills it's just like, oh! when you really look at it all, it's just -- oh. >> the head's up, the dow jones down again, a check of the markets real quick. and helping a child who is struggling in school. it can be a struggle for a divorced parent. finall

and, folks, let's not be hypocritical and it's wrong at an individual level but it's okay if it's bailing out gm other company that has failed to mapping itself probably. when i watch an sec football game i expect the guys in the striped shirts to do one thing and that's to make sure the play is fair for both sides, and when it isn't and the officials start calling it with favoritism toward one team against the other, i'm not real happy unless they're calling it for the razor backs. then it's okay. i'm going to leave the name of the team nameless put we were playing another sec at their homecoming a couple years ago. the officiating was so bad, the espn announcers went on and on how it changed the character of the game and in fact it changed the outcome. the sec officials were so horrible, they were suspended for three weeks. that never happens in the sec. the within didn't get the glory that the winner would normally have had, and the loser should have been the winner, and still bitter about it. and i will be for the west of my dog gone life for that matter. but what made me mad was that the gu

small vehicles but the downside they do not make as much money as the big trucks do for the automakers. >> another thing that car my eye, i would think a lot of people, like the top die at gmybe if gas cost even more, maybe people will be more efficient. but that may cause an uproar. >> he is talked about a gallon--a dollar tax per gallon. we consume 100 and phil--we consume $140 billion of gas, the average american spends between 601,000 gal. to drive per year, 1000 may be in north carolina with heavy commute, 600 gal. if you live in a big city like new york city if you're not committing as much, long story short, i think we can live with it, it is not pretty or attractive. i hate the idea of our governing getting more tax money without targeting reduction in debt, i did it will force us into smaller vehicles and down the road, natural gas will be a big saver for the u.s. economy. >> i just cannot believe that someone's would say we will tax gas another dollar people will go crazy. >> i know, the europeans do it. >> but we are not used to it. >> it is only 4 percent of our overall budget so i think we cannot absorb it, when i was 18 years old, gas was $2.30 dollars per ga

gm weighing in on obama's new fuel economy requirements. according to the "wall street journal", says it will be tough but not necessarily unmanageable. and asked to analyze affects of the target. administration wants to boost fuel economy to this level by 2050, more than the current level and at the morning morning stock exchange, with the bloomberg after the bell report. >> bay area companies looking to fill 300 positions are looking for jobs there in sassoon city. this event is co-sponsored on abc 7 and the job journal tomorrow in sassoon city. we have details at abc 7 news.com. >> and what some people will do to save a little pocket change. >> people think they should haven't to pay tolls. >> florida police released surprising photos of what people there are doing avoid freeway tolls. >> and there is a sketch that could save you thousands of dollars. how well those compact stoves work. 7 on your side is straight ahead. [ male announcer ] using frontline plus shows your pet you care by unleashing a complete killing force against fleas and ticks. and not just adult fleas. what makes frontline plus complete is that it breaks the flea

but it seems like non-union people and should take the unions, or even gm to court. we spent billions to bail them out, but then we send jobs to mexico. can't we take a collective action? do we have to be in a union to bring an action against the company? there are a lot of people who are not union people who need representation. guest: i do not think the bailout was simply to protect union workers because the financial institutions were also bailed out and they have very few workers represeed by unions. they allow them to keep all of their huge bonus contracts and the billions of dollars paid out in buses, but the auto required, they've general motors to go through bankruptcy reorganization where they have reduced their costs by 20% to 25%. they did not do any of that with the financial institutions. they should have told them to go through bankruptcy organization -- reorganization and you're going to reduce these contracts that cause you to go through the situation you a in now. all of these derivatives and the thieves who went through the mortgage situation where t

gm save jobs in detroit. >> in a way, they are right, but at whose expense? at the expense of people who lost their houses and lost their jobs and are suffering? they saved depression and suffering on wall street. but the banks needed to go bankrupt. the companies that were broke should go into bankruptcy. their assets should be bought out instead of dumped on to taxpayers. these banks that were making money off of derivatives -- we ended up owning those. they have been bought out by the federal reserve for trillions of dollars, which devalued money. they created money out of thin air. wall street, the big banks, never got hurt. they were saved. the car companies -- they predicted the labor funds more than the regular investors. people who had invested in the company lost everything because of the way the administration devised it. it is always special interests, either big labor or big corporations, at the expense of the average person, who is still suffering. even today, on the statistics we are reading, the economy keeps getting weaker. they act like they

we have cut our stake in gm in half, and we have a small residual stake in chrysler. but we're pulling back from these companies. so i won't make any prediction about their ultimate fate. what i will say is we believe that as they stood today, making the kind of cars americans want to buy, making better cars, making more fuel-efficient cars, being able to be vigorous competitors in the marketplace, gaining market share, tells me that they have an opportunity to succeed. whether or not they succeed will be up to them. >> what money do we still -- the taxpayer still have invested in these companies and at what point will that be repaid, if ever? >> the total funds invested including the prior administration into the industry is roughly $80 billion. roughly $40 billion has been returned to date. the remaining money is accounted for by states in general motors. we sold about half of what we owned but we still own the other half. a small equity stake in chrysler, and a stake in an alley financial which is the old general motors acceptance corporation. how the stakes are realiz

gm were probably hurting the most. ford, obviously, as most people know, did not accept any money, but we are pleased with the progress the car industry is making. it is the backbone of our economy. certainly the backbone of the economy in many states now, including michigan and ohio and other states. i think people are grateful for the president for his leadership and really helping the american automobile manufacturers and the workers who work in those companies. it a coat is it ultimately a good deal for the text -- host: was it ultimately a good deal for the taxpayers? they will not get the $1.3 billion. guest: it certainly was. if you look at what the automobile industry has contributed, particularly gm, chrysler, and ford -- it is enormous. not just jobs in that industry but the spin-off jobs. it the -- the people who manufacture tires and accessories. to have any one of the companies to go under would have been a disaster for the american manufacturer. it was a good deal for the taxpayers because it helped in the automobile industry, the economy particularly in michigan and ohio and states where they manufactur

but from another business. when and automotive company bought the gm plant, they had choices where to put their factor. they were required to go to a closed u.s. car plant. we were able to get the key people to gather in delaware faster than the he can take his family out to be dinner. that is what businesses want. they're not making money when they're waiting in line filling out forms. my standard for my administration is to be responsive. we challenge people to prove us wrong. when we are wrong, when we do not meet that standard, it means we have to get better. >> senate -- governor scott, what you doing in hearing? >> it is consistent with governor mcdonnell. taxes, regulation, and litigation. i walked in with a $3.7 million budget deficit. we have a conservative budget. it is half of what new york. we now have a budget of $1.1 billion surplus. we started causing -- cutting business tax. almost half the taxpayers will not pay next year. we reduce property taxes. we started reviewing all the regulation in the state. we eliminated 1100 and regulations. we're going through piece by piece. we have to lo

but to accumulate where so many goes died. a new battle is going on. will the history be protected. return to terra with julian cooper story on our t.v. . it's to the banks or an obscure. gm issue free credit you should be free good fortune.

gm, stood on the brink of collapse. we had a few options. we could have done what a lot of folks in washington thought we should do, nothing. but that what had made a bad recession worse and put 1 million people out of work. i refuse to let that happen. so i said if gm and chrysler will it -- willing to take the difficult steps of restructuring and making themselves more competitive, the american people would stand by them, and we did. but we decided to do more than rescue this industry from crisis. we decided to help it retool for a new age, and that is what we're doing all across the country. we're making sure that american can out-build, out-innovate, and out-compete the rest of the world. that is how we will build an economy where you can see your incomes and savings rise again, send your kids to college, and retire with dignity, security, and the specter that is how we keep that fundamental american promise, if that if you work hard and act responsibly, if you can pass on a better life to your kids and grandkids. we've got a ways to go. even though our economy has created more than 2 million private sector jobs over the pa

gm and chrysler weren't going away. they could have gone into a restructuring but they weren't going away. they could have gone into bankruptcy, restructured and come out and built cars. these numbers, you call it fuzzy math i call it absolute in the dark math. they're being disingenuous by saying they've created jobs, saved jobs and paid us back. by the way, the white house tells them themselves they owe us $14 billion that's not been paid yet. alisyn: are we getting that? >> we're not getting that, we're also not getting the $15 billion in tax incentives they gave them going forward, that's 25 billion, $30 billion they still owe us any way you slice it. alisyn: we're going to need a bigger calculator. bill: give him that calculator! i think we started our hunt back in 2008, we're still looking for it! >>> parents say it was terrifying to watch this: >> oh my god. oh my god! >> bill: that is another bounce house, swept away, putting a group of children in serious danger. where it happened this time, in a moment. alisyn: testimony underway in the casey anthony trial, forensic experts on th

because i think you're exactly right about that, but i also do want to see if i can get you to answer should the uaw have made the wage concessions it did to help gmabsolutely they should have made those concessions. >> wait, peter. sandy, i want your answer on that one. >> excuse me. >> i really -- i'm not there and it's hard for me to say as a person from another union. i know that there are times where concessions are necessary and it's very important that the members that are having to take these cuts are partners and fully understanding what's involved but certainly we need shared sacrifice. if there's an expectation of members having to take cuts, then certainly the corporate executives and everybody all around should as well. >> sandy, fair point. i hate to cut you off. peter, let me come back to you. doesn't sandy make a critically important point? it was the health care costs at least as much as the wages and th

figure out what is happening but the question is how much longer will ellis actually rae main gelleden state warrior. will the team trade him on draft night. is that available? gmplace with natural beauty and a forward thinking spirit. at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. >> coming up tonight at 11:00. neighbors in walnut creek want to bring back the cow and soon. why they believe the animal help prevent fires. >> why 30,000 people got booted from a dating web site. those stories and more coming up in 1 hour on 7 news at 11:00 over on channel 7. they couldn't make the grade. >> beautiful people.com? strangely none of us have been asked to join beautiful people.com. >> i went expect. >> shocking. i don't know. if what the standard are there. any way here we go. sports nighttory

gm, stood on the brink of collapse. we had a few options. we could have done what a lot of folks in washington thought we should do, nothing. but that what had made a bad recession worse and put 1 million people out of work. i refuse to let that happen. so i said if gm and chrysler will it -- willing to take the difficult steps of restructuring and making themselves more competitive, the american people would stand by them, and we did. but we decided to do more than rescue this industry from crisis. we decided to help it retool for a new age, and that is what we're doing all across the country. we're making sure that american can out-build, out-innovate, and out-compete the rest of the world. that is how we will build an economy where you can see your incomes and savings rise again, send your kids to college, and retire with dignity, security, and the specter that is how we keep that fundamental american promise, if that if you work hard and act responsibly, if you can pass on a better life to your kids and grandkids. we've got a ways to go. even though our economy has created more than 2 million private sector jobs over the pa

but '80s, it still had owners. it was outclassed by its neighbor, volvo. volvo went steaming ahead. another swedish company also now in the hands of the chinese. quite frankly they just didn't invest enough. gm owned them for a round about 18 years. it was a rope around gm's neck for the whole of that time. they couldn't get rid of it fast enough when they sold it to speicher 18 months ago. >> i was reading on one of the websites that the staff informed there was no money for wages when they got an e-mail this morning from the management, not a great way to find out that your pay pack set not arriving. >> it isn't indeed. quite shocking andrew. it will be a story we'll be covering closely on cnn throughout the course of the day. in this edition of "world business today" and also on the next one in a few hours time. >>> thousands of journalists are comparing notes about the future of aviation at this week's paris air show. thursday is expected to be a $17 billion day for the european playmaker airbus with malaysia set to finalize an order for 200 a-320 neojets. you're looking at the engine that will power that particular aircraft at the moment. the largest ever single order for this type of j

ford didn't create, but it perfected the mechanization, which transformed the industrial revolution. things went downhill with the stiff competition from gmii, president franklin roosevelt referred to the auto industry in detroit as the arsenal of democracy. ford motor is credited with a pivotal effort in the war by churning out warplanes and military cars as fast as one an hour. another key point came after the war. ford created a post-war classic, the '49 ford. that move marked a new era for the company, and put it back on the map. by 1957, ford becomes the top-selling brand producing 1.68 million cars. its sales reach an all-time high 15 years later. after introducing a wave of new cars in the 1970s, '80s and '90s sales slowed down to the point in 2006, ford is forced to undergo major restructuring, and they mortgage all of the assets to raise $23.4 billion in credit to finance part of the operations. it reaches a low point the next year when ford reports losses of $12.7 billion, because that is where things really begin to turn around. under mulally who took over as ceo five years ago, ford has drastically transformed the lineup from