and chrysler. but president of the america's mark fields thinks product has more to do with the company success. >> at the end of the day customers are going to buy our product not because we didn't take government money, it's because when they look at our products, the value, the design, the safety, the fuel economy, all those kind of things, more and more customers are coming into our show room and saying i choose ford. >> reporter: this show is as much about what isn't here as what it is here. gone are iconic g.m. brands like pontiac, saturn, saab and hummer. all victims of the company's recent bankruptcy. general motors is now focused on its remaining brand. chevrolet, gmc, buick and cadillac. he thinks the company will lure consumers back to dealerships if it repays the government part of its money by mid year. >> this is a second chance. i'm personally grateful for this. i know all the employees of g.m. are really grateful for the opportunity. we will not disappoint. i'm a tax tier 2 by the w

why did the focus on chrysler? guest: chrysler is a unique case. and did not bring any real new production vehicles to the show. is still probably the detroit auto maker with the most questionable feature at the moment. sergio, the head of fiat is trying to combine the two and restock a depleted pantry of new models chrysler needs to compete. it is an open question as to how well they can deal with the future. he has been making the statements of the past few weeks that they have things under control and chrysler will bounce back. given the amount of money the u.s. government and canadian government and politicians have put into making chrysler succeed, it will be closely watched in the future. host: and the headlines also, members of congress and try hybrid vehicles. what was that like? were they driving around the arena? guest: there are couple of places where during that pressed these people can try out the hybrid and other vehicles. -- the electric vehicles. host: the house members are coming back to the hill today to start all types of legisla

and chrysler. brands like pontiac and saturn, vanished. and who can forget cash for clunkers? jeff flock of the fox business network takes a look back. >> 2009 kicks off with a scaled-down detroit auto show. recession racked g.m. sales lost 50 in fact january and toyota even said it will lose $5 billion, the first loss in the 70-year history. february, the mandated restructuring plans asked for another $22 billion in government dollars. president obama says not good enough and forces gm ceo rick wagoner out. in april, chrysler goes bankrupt and merges with fiat. ceo robert nardelli out, fiat's ceo in. and april 27, bondholder res ject a final deal and three days later, g.m. becomes in effect government motors, filing for chapter 11 protection and emerging 40 days later with $50 billion in taxpayers dollars. fritz henderson the ceo, and the uaw ron gettelfinger taking concessions in return for piece of the new company. meantime ford, gained sales and market share with the new taurus and fusion. which later wins motor trends car of the year award. by july, the government cash fo

ford motor's, gm, chrysler promised the stars.he uaw just said, keep working, the chips will fall where they may. here we are. . . caller: the guy who called about the imports and a level playing field -- i would like to see taxes or import tax like korea, 37%, if you are going to buy foreign imports or someone like japan who comes here and makes toyotas, i would like to see taxes put on that. it is really not a good playing field. i have been a gm person from way back. i am out there in the market for another vehicle. i do not see where gas mileage -- toyota is running behind on that -- and i wouldn't buy a toyota with my last dollar on earth. i just wouldn't. i am upset about seeing people run around and it is my understanding that we don't export to korea. therefore, why are they even imported in our country? this stuff is coming our own throats. it is very upsetting. it is upsetting to me. i do commend the auto industry who finally, after all these years, seem to be getting it. we need good cars. we need gas-efficient cars. we

so chrysler decided, let's put them on dvd. or want to know something about your car that you don't already know or you think you need to know, fire up your dvd player and have a look at it. a lot of cars have dvd players in the car. so if it's something crucial at the moment and you have a dvd player in the car, you can look at the manual right there. >> i'll disagree with you. what if your dvd player isn't working? then what do you do? >> that could be an issue. i will also say there's still a kind of an executive summary of the owner's manual that is in the glove compartment, it's printed, so it hits all the highlights, if you will, with all the nitty gritty left on the dvd. >> we've got about 30 seconds. i want to hit the absolute worst idea on the list, the dealer dump, when gm and chrysler closed. what about that? >> this seems to be sort of a mon mentally unthought out deal, if ever there was one. you know, there's no question, gm and chrysler over the years, part of the problem that got them to the place that they were

chrysler was hardest hit, with sales down 36% from 2008.ales gains in december, compared with november. wall street marked time after monday's big gains. the dow jones industrial average lost nearly 12 points to close at 10,572. the nasdaq rose a fraction of a point to close at 2308. the rise in health care spending in the u.s. slowed in 2008, by the most in nearly 50 years. still, it grew faster than the nation's overall economy. a government study, by the centers for medicare and medicaid services, found health spending topped $2 trillion. that works out to an average of about $7,700 for every american. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's website. but for now, back to judy. >> woodruff: information has emerged about a possible jordanian connection in the attack that killed seven americans at a cia operating base in afghanistan. gwen ifill has that story. >> ifill: new details surfaced today about the attack, a suicide bombing allegedl

ford and chrysler did rert sales gains december, coared with november.e nasdaq rose a fraction of point to close a2308. the rise in heth care spending in the u.s. slowedn 2008, by the most inearly 50 years. still, it gr faster than the nation's overa economy. a government study, by the centers fomedicare and medicaid serces, found health spending topd $2 trillion. that works out to an avege of about $7,700 forvery american. those are some othe day's main sties. i'll be backt the end of the program with a preview of what you'll find tonight on the wshour's website. but for now, back to jud >> woodruff: informationas emerged about possible jordaniaconnection in th attack that killed seven ericans at a cia operating ba in afghanistan. gwenfill has that story. >>fill: new details surfed today out the attack, a suicide mbing allegedly rried out by a double agent working with the u.s. the names of the victims he not been released by the cia t family members have identied 3. 37-yeaold harold brown junior orinally from massachusetts leaves behind a wifend three

even in the private sector, look at an auto plant with gm and chrysler, even ford compared to the ones without unions, they have less productivity because everything has to go by the rule book and change a light bulb, you can't change it and you have to call in somebody and it becomes more rule based, and procedure based instead of mission based. >> and i talked a couple days ago to the former chief of security for el al, the el al airlines have a terrific record dealing with terrorists and he said if you unionize the workforce in america you will deal a death blow to security in the united states. should we listen to folks like him. >> i'm very, very wary of applying lessons from israel to the u.s., because that is a country that is at perpetual war. >> you don't think we're at war now. >> we have a security issue. and we have... >> you wouldn't call it a war. >> i would not call it a war and i don't want to live in a country that will be at war four, five decades and -- >> i don't, either but we might have to face reality that that is where we are, victoria? >> yeah, you have people

and we joe with up and then if you get into a certain-- i was always into chrysler's and imperials.y good friend dave, who at that time was selling visible the imperials and chrysler products near greenville south carolina and i got to be very good friends with dave which was a whole new part of america i didn't know much about. so i got into old cars and then of course i would go to dave's place imperial motors in greenville and i would drive him across the country so i have driven, and people say just get in the old valient, 1960 valient and drive west. so you break down once in awhile. people talk about-- and worry about being stiffed by mechanics. everyone has got a bad lawyer story. and hundreds of visits to shops and garages in new mechanics i think i've been taken to the cleaners in a way that i thought was unfair maybe twice. that is a very good strike record. my friend-- so i pretty much come i've driven across america nearly 100 times and you just get to the different roads. different ways for could you meet all sorts of interesting people. i know the motel pretty well com

we did loans to gm and chrysler. you name it, this congress has passed it. i am not saying that everything is perfect. a lot of what we have done as gone to the senate -- have for the senate 31 of the biggest things was health care. i sat on the committee with most of the jurisdiction over healthcare. we will get into that more. one other thing we did behalf -- besides the economic recovery package to get this economy going and get people back to work and get all worked with our economy, in mid december we passed another bill called main street jobs bill. it came about because the states were telling us -- every five years we do a highway bill. we take money out of the highway trust fund into roads, bridges, a transportation projects. that program expired in october. they like the program, because 80% of the trust fund money they had to put up a 20% max. but it that the economy. in michigan, we cannot come up with the matching funds anymore. they put $6 million on to the table, but they did not have the 20% site match. before we left in december, we passed t

she began her career at chrysler. next phone call. arlington, virginia.ohn on the independent line. caller: thank you for coming on to c-span today. i wanted to hear your thoughts on the supply chain in general. if we had more transparency through raw materials parts production and assembly, do you think the consumers -- if the consumer software every part was being made, they could make a more informed decision and perhaps bring some of these jobs back to the united states? guest: we have to recognize that is a global world and our suppliers are located around the world. the key is bringing in the manufacturing jobs of naming plants back to the u.s. it is a competitive industry and we have to make sure we are reducing the number of suppliers we have in order to focus on quality and be competitive from cost standpoint. some of the challenges we have had in the economy is having too much supply base. trying to rationalize that -- that means and the need to be located in various parts of the world. it is pretty complicated. on the vehicles today we do show

for leadership and take all this market share away from g.m., ford, and chrysler and others, younow,when something hits the fan like this, is big news. so ia way you can say y saw this comi just as they got bigger and more prosperous. but still, i think it says that a company as good as tota, this should n have happened and i do tnk that we'll se a lot of corctive measuresby them to make sure it doesn't happen aga. >> reporter: the rells and sales suspenons mean shutdowns of x toyota factories. at the toyota assembly plant in huntsville, alaba, workers were feeling the pain. meanwhile, toya's competitors arewasting no time. general motors an ford have offed cash to customersho swch from toyota. we spoke to dealers i minnesota. >> they're ways hopeful and they hope that me toyota cusmers th maye were considering a toyo will look at their brands. >> reporter:and the three large car rental mpanies annnced they are pulling the recall toyota models ou of their flee. >> woouff: for the record, toyota is a newshour underwriter. > lehrer: finally tonight, t going f j.d. salinger-- one of ame

at the annual deoit auto show, chrysler said it's plaing to hire more gineers and other workers, starting next monda general motors rorted it can't ke up with demand r new vehicles. it said it may reon some osed factories. and ford won two major award for truck of the year and r of thyear. it's the oy major u.s. autoker not to accept federal rescue aid. on wl street today, industrial stocks got aoost on news of higher exports from cha. the dow jones industal average gaed more than 45 points to close just under 10,4. the nasdaqell more than four and a half points close at 2312. those are some of thday's main stories. i'll be back athe end of the program wi a preview of what you'll find tonight on the newshour's web sit but for now, back toeff. and still to come the newshour, the strule to create jobs, expand iustry, and attract investors in hti; the difference one jtice makes on thsupreme court; and the drama in network comedy. >> ill: that follows our debate over taxing high-co insurance plans. senate and houseemocrats who are hashing out e differens between their health care reform bills

we have health care issues, chrysler, gm work in trouble. in his first year alone, one of the first bill we did was equal pay for equal work was because women should be paid -- women should be paid the same as men. the make on average about 87 cents on the dollar during the same job for a man does. equal pay for equal work. that was signed into law. in february, we signed the extension of s-chip, the children health-care program. 10 million more people -- children are on that plan. we did thetarp. the loans to gm and chrysler. you name it and congress has tackled the. i am not saying everything we we would get into that of the of it more. one other bill we did besides the economic recovery package to try and get the economy going and to get people back to work, move forward with our economy was just before we left in mid december. it was called the main street jobs bill. it came about as the stage for telling us -- as the states were telling us -- every five years -- a highway bill. we take money out of the trust fund to do roads, bridges, a

he still insists on a bill of gm, chrysler, fannie and freddie, so there is that cost. until the president commits msf do something, i am afraid a little bit of tax credit here for small business -- although i will probably embraces, is probably too little too late. it is kind of like a guy who goes in and orders five cheeseburgers, two malts and then says he cares about his weight and orders diet coke. if you look at his budget, his trillion-dollar deficit as far as the eye can see, you cannot use enough draconian or apocalyptic language to describe the future. the immediate response today is the fact we do not have the. job the we are mired in double-digit unemployment. host: here is a question by twitter. guest: i personally do not believe that we are under-taxed. we have a spending problem in the washington. you , get the you taxes still going up substantially over the last decade. so, taxes have consistently run -- if you look in the post-war era about 18.5% of the economy. spending has been about 20%. with the spending programs we have now in the next generation i

they passed this enormous @@@@@ he takes over chrysler and aig. he proposes the cap and trade plan.and he appears to be moving so fast on so many fronts, because he has these enormous democratic majorities. they wanted a large majority in the house and in the senate and a democratic president. but i think what he created in the public was in the sense that he was moving too fast on too many fronts. fronts and public message i think in terms of poles and three elections we've had has been slow down. it's not stop, it's not leave office. it's just slow down. don't do everything. >> which is what curt victor writes about. out of work, out of sorts. he says high unemployment rates has angered the public and president. the new agenda is jobs, jobs, jobs. byron york of the washington examiner. chris hayes we welcome our audience watching overseas and the radio audience of xm channel 130 and our c-span audience as well. good morning. caller: good morning. as a republican, i certainly didn't support barack obama during the election but i understand and was hopeful about the message he talke

the government orchestration of the chrysler bankruptcy. we have the government intervening in the financial sector with the banks and shaking them down over the t.a.r.p. money and they can repay it when they want to. next up will be government intervention in the health care sector and the list goes on and on so is this what we are talking about here? part of a multiprong approach and none of this is random. none of this is off the cuff, that it was all orchestrated to go all at one time, so that all of our rights and our abilities to succeed or achieve in the private sector are really being tamps down? >> guest: i have no question about it. i think you have nailed it. i think what this administration does is that it tries to act so quickly with so many things that we don't have time to discuss what is going on. we don't have time to measure the consequences adequately, and this is going down right under our noses. i will tell you how important this is to me and i hope to many americans. it is that if we regulate speech in america, what ot

we've got chrysler, g.m., they were in trouble. so in this first year alone, one of the first bills is equal pay for equal work. let women or not let, women should be paid the same as men. ok. it was a lilly ledbetter case where women on average make about 87 cents to doing the same job a man does. 87 cents on the dollar. we finally made it law you should pay women the same as you pay a man. equal pay for equal work. that's signed into law. february we signed the expansion of the schip, the state children's health insurance program. 10 million more young people are on that health care program. we did an economic stimulus package. american recovery reinvestment act. we did the loan, g.m. and chrysler. you name it, this congress has tackled it. i'm not saying everything we've done is perfect. a lot of what we've done has gone to the senate and we're still waiting for the senate to act. and, of course, one of the biggest bills we've ever done is health care. as you know i sit on the energy and commerce committee that has jurisdiction

we did the loans -- and remember their loans -- to gm and chrysler. to the senatuÓj)e still waiting for the senate to act. and of course, one of the biggest bills we have ever done is health care. as you know, i sit on the energy and can't -- commerce committee, and it has a jurisdiction over health care. the health committee is founded in the commerce committee. just before we left in mid december we passed another bill called a "main street jobs" bill. that bill came about as the states were telling us -- as you know, every five years would take money out of the highway fund to fund transportation projects. the program expired in october. the state said, well, we like the program because a% is from the highway trust fund money and we have to put a 20% match. but they said the economy throughout the nation was so poor that we cannot come up with the matching funds anymore. michigan left around $600 million, i think it was, on the table. they could not use the money because they did not have the 20% match. what they did is in december, we passed this

it expanded the tarp to nonfinancial companies, pouring billions into a.i.g., general motors, and chrysler. we must begin to affect the winddown of tarp. with banks paying back their tarp receipts, we need to unwind tarp and pay down the deficit. as some have suggested, tarp is a resolving fund, that legislation was -- the legislation was never sold as ouch. not ever. americans are tired of excessive spending. if there is anything that we ought to do right now, it is to stop spending tarp and stimulus funds that are not allocated and show the american people that we have heard the message in washington. it was designed as a one-time injection of assistance to prevent financial institutions from collapsing and taking down the larger economy. now that those financial institutions have gained their footing, we should back the american taxpayer. in bailing out our nation's financial system and large banks, we have left the very real impression that no bank is too big to faism this policy has a -- fail. this policy has allowed those who contributed to bring the economy to its knees to right the

government should be one of the largest shareholders of g.m., chrysler and a.i.g.rgy -- nuclear power is one of the cleanest, most efficient sources of energy. the president should commit to expanding it. and until these clean green sites are up and running, she allow these states to industrial for oil and natural gas off their shores if they want to. these are just a few concrete things the president could do to show the american people he's committed to working with both parties to address the problems americans are most concerned about, like doing whatever it takes to help create jobs and get people who've lost their jobs back to work. americans aren't looking for cosmetic proposals. they don't want the administration to push sweeping changes that it wants but to nibble around the edges when it comes to changes the american people want. it's time for the white house to show that it's listening to the american people. if the president oppose ops for solutionsolutions that move to e middle that make common sense, then he can expect the support of republicans. it i

but if we had let gm and chrysler simply go under, hundreds of thousands of americans would have been hurt, not just at those companies themselves, but at other auto companies and at their suppliers and dealers, here in ohio, up in michigan, and all across this country. so, we said, if you're willing to take the tough and painful steps to make yourselves more competitive, we're willing to invest in your future. and earlier this week, we heard that the auto industry planned to make almost 3 million cars and trucks here in north america in the next three months - up 69% from the first three months of 2009. we also passed a recovery act to pull our economy back from the brink. there has been a misunderstanding about the recovery act. if you ask the average person, if they would say it was the bank bailout. let me just be clear here. the recovery act -- tax cuts for working families and 7 different tax cuts for small businesses so they can start up, and grow, and hire. unemployment insurance. we made cobra cheaper. we gave aid to states to help them through these tough times. we made the

they don't like the idea we with man's money to general motors and chrysler.he idea that they spend hundreds of billions of dollars to aig and a say, why are they giving all this money to the bankers and the people that made the problem and nothing to us? >> host: professor there seems to be distrust of the federal reserve so can you explain how the board is set up, who serves on the board and how these regional banks are set up? some dew this institution has the secret society. >> guest: hardly. it is a lot more transparent than it used to be. in the history of central banking, up until certainly the 1930's and up until the 1950's it was none of your business what the central bank didn't they more or less said that. they operated and did what they want to do and if you didn't like it that was your problem that you had. we are a democratic country so more and more there has been an increase in transparency. the federal reserve announced since 1994 it finally got around to announcing what its policy action was. it releases its minutes, as i said made available

there was a chance president obama would attend to see how chrysler and gm were fairing, but the whitesaid the president will not attend. w3dawn on our independent line. caller: good morning. i just wanted to comment on the wall street bonuses. i think a lot of people are approaching the issue with blinders on because they can't actually expect these big ceo's who are getting bonuses to accept that their pay is going to be cut and not pass it on to the workers, to the consumer. if a big ceo is going to take a pay cut, that is going to result in wage freezes, wage reductions, benefit reductions, and loss of jobs. they are going to stop hiring. they are not simply going to sit back and take it. host: thank you for the call. stupak abortion curbs fit district, as we turn back to health care. the house comes back tomorrow. michigan democrat sites support at home. this is about bart stupak michigan. we covered late last week a town hall of bart stupak's from michigan. our cameras were there and we will show it to you later in the coming days. michigan, georgia on our republican line. caller

ford general motors acceptance corp., they did not like that we advance money to general motors and chryslerand hundreds of billion dollars to aig. they say, why of giving all this money to the bankers and the people who made the problem and nothing to us? host: professor, there seems to be distrust of the federal reserve. can you explain how the board is set up, who serves on the board and how the regional banks are set up? some of you this institution as a secret society. guest: hardly. it is a lot more transparent than it used to be. in the history of central banking, up to certainly the 1930's and maybe even 1950, it was none of your business what the central bank did and a more or less said that. the operated and did what they wanted to do and if you didn't like it, that was a problem you had. we are a democratic country so more and more there has been an increase in transparency. the federal reserve announces since 1994, it finally got around to announcing the policy action, releasing the minutes to give a made available to me everything they want. congress is pushing to get more infor

ford general motors acceptance corp., they did not like that we advance money to general motors and chryslernd hundreds of billion dollars to aig. they say, why of giving all this money to the bankers and the people who made the problem and nothing to us? host: professor, there seems to be distrust of the federal reserve. can you explain how the board is set up, who serves on the board and how the regional banks are set up? some of you this institution as a secret society. guest: hardly. it is a lot more transparent than it used to be. in the history of central banking, up to certainly the 1930's and maybe even 1950, it was none of your business what the central bank did and a more or less said that. the operated and did what they wanted to do and if you didn't like it, that was a problem you had. we are a democratic country so more and more there has been an increase in transparency. the federal reserve announces since 1994, it finally got around to announcing the policy action, releasing the minutes to give a made available to me everything they want. congress is pushing to get more inform

but if we had let gm and chrysler simply go under, hundreds of thousands of americans would have beenurt, not just at those companies themselves, but at other auto companies and at their suppliers and dealers, here in ohio, up in michigan, and all across this country. so, we said, if you're willing to take the tough and painful steps to make yourselves more competitive, we're willing to invest in your future. and earlier this week, we heard that the auto industry planned to make all the three million cars and trucks here in north america in the next three months, up 69% from the first three months of 2009. we also passed a recovery act to pull our economy back from the brink. we cut taxes for 95 percent of working americans, 15 different tax cuts for working families and seven different tax cuts for small businesses, so they can start up and grow and hire. the recovery act was extending and increasing unemployment insurance, and making copra -- cobra available at a cheaper rate so people who lost their jobs could keep their health care. we made the largest investment in infrastructure

gmac, general motors, chrysler. >> aig i believe is in here but i need to find out and the backgroundis fuzzy. >> they are supposed to be part of this but the automakers are not. does this mean you have written off the automakers paying back carp? >> not at all. >> what happens when that money comes in? >> that's where the money comes from. >> you are making the taxpayers whole to go understand this -- >> or just the extra money come from? >> the extra money would go into the treasury. we are not absolving the auto companies for all the bad decisions that got us to the point or that contributed to those decisions that contributed to getting to the point where two out of three of the american auto companies were in a position of needing to declare bankruptcy. >> i understand that but you are getting the banks it looks like to pay their debt. >> note because one, we expect, you have seen these companies say, they do expect to be making payments. the largest contributor to the acceleration in the downturn of car companies' economic health was the overall economy. çwhen you are selling 1

the program poured billions into a.i.g., gm, and chrysler. when the administration asked for the second tranche of $350 billion, i said no and so did many of my colleagues. we have especially seen the misuse of tarp in the capital repayments to the treasury. since the program began, the treasury has received over $165 billion in paybacks with interest. under the stablization act, proceeds from these pay 13 backs were meant to be used to pay down our national debt. that was a key condition to its approval. in a hearing last november before the banking committee, of which i am a member, i spoke with the assistant secretary of the treasury her be allison regarding the state of the tarp program one year later. secretary allison told us that these repaid funds go directly into the general account of the u.s. treasury to reduce the treasury's funding need, to reduce our debt. yet when i asked him to confirm that the money repaid was no longer part of the total authorization of $700 billion, secretary allison said that when tarp funds are repaid, he

gmac, general motors, chrysler. >> a.i.g. is in here, but i have to find out.et me find out -- in the background call -- >> but the auto makers. i understand a.i.g. is sort of a fuzzy -- >> i don't think it's fuzzy. >> they are supposed to be part of this. my question is, does this mean that you have written off the auto makers paying off tarp? >> not at all. >> what happens when that money comes back? >> going back to the taxpayer. >> if you are making the taxpayer whole, where does this extra money come from? >> the extra money would go into the treasury. we're not and solving the auto companies for all the bad decisions that got us to the point where or that contributed to -- those decisions that contributed to getting to the point where two out of three of the american auto companies were in a position of needing to declare bankruptcy. >> they need to pay their debt. >> one, we expect as i think you have seen these companies say, they do expect to be making payments. but, two, the largest contributor to the acceleration in the downturn of car companies' eco

competing in the private sector, three large banks, freddie mac, fannie mae, a.i.g., general motors and chrysler and tarp and $787 billion worth of economic stimulus plan that looks like maybe only about a third of that has been spent at this point. but they still want another $150 billion or more in stimulus two. this is key nesian economics on steroids. i doubt he will make the statement from this well tomorrow night. i have heard him say that franklin roosevelt's new deal did work but the problem he did have was in the second half is he failed to spend enough money. if he would have spent a lot more money, the new deal would have been a good deal but f.d.r. got nervous about spending too much money but he pulled back and what he had was a recession within a depression that was brought about by the federal government not spending enough money. well, this wild program, these keynesian theory is on steroids driven by fralm. and every nickel and dime, every nationalization, every single move that was taken in the last months of the presidential campaign and in the last months of the bush presiden

but if we had let gm and chrysler simply go under, hundreds of thousands of americans would have been hurt, not just at those companies themselves, but at other auto companies and at their suppliers and dealers, here in ohio, up in michigan, and all across this country. so, we said, if you're willing to take the tough and painful steps to make yourselves more competitive, we're willing to invest in your future. and earlier this week, we heard that the auto industry planned to make almost 3 million cars and trucks here in north america in the next three months - up 69% from the first three months of 2009. we also passed a recovery act to pull our economy back from the brink. there has been a misunderstanding about the recovery act. if you ask the average person, if they would say it was the bank bailout. let me just be clear here. the recovery act -- tax cuts for working families and 7 different tax cuts for small businesses so they can start up, and grow, and hire. unemployment insurance. we made cobra cheaper. we gave aid to states to help them through these tough times. we made the

and chrysler simply go under, hundreds of thousands of americans two have been hurt. not just those companies themselves, but at auto suppliers and other companies and dealers here in michigan -- here in ohio, up in michigan, all across this country. so we said, if you're willing to take some tough and painful steps to make yourself more competitive, we're willing to invest in your future. and earlier this week we heard that the auto industry plants plan to make three million to four million more trucks which is up 69% from the first three months of last year. [applause] we also passed a recovery act to pull our economy back from the brink. now, there's been a lot of misunderstanding about this recovery act. sherrod and marcy and betty and i were talking about this on the way over here. if you were asking what is the recovery act, they would say the bank bailout. let me be clear here. the recovery act was cutting taxes for 95% of working families, 15 different tax cuts for working families, seven different tax cuts for small businesses so they can start up and grow an

the problem is if we let gm and chrysler said to go under, hundreds of thousands of americans would have been heard, not just those companies themselves. but auto suppliers -- would have been hurt, not just those companies themselves. auto suppliers and dealers all across this country. we said, if you are willing to take some painful steps to make yourself more competitive, we are willing to invest in your future. and earlier this week we learned that the auto industry plan to make an almost 3 million cars and trucks here in north america, which is up 69% from the first three months of last year. [applause] we also passed a recovery act to pull our economy back from the brink. there has been a lot of misunderstanding about this recovery act. and we were talking about this on the way over here. if you ask the average person, what was the stimulus package, they would say the bank bailout. let me just be clear here. the recovery act was cutting taxes for 95% of working families, 15 different tax cut for working families. seven different tax cuts for small businesses so they can start up and