coca-cola. >> there's nothing as global as coca-cola in the world. >> a $67 billion empire sold in 206 countries. enjoyed in every house. and we mean every house. found in the most remote corners of the globe, melissa lee reports on the brand with a buzz. >> there was a wee bit of cocaine in the original coca-cola. >> and it's more than just coke. >> zico is 100% coke and water. >> 500 different brands to satisfy taste buds around the world. with tough competition. >> you're the first person i've interviewed who actually said pepsi. >> well, they exist. >> and blunders along the way. >> what ignoramous decided to change the form uhe laugh coke? >> a company that aims to win in every market but sometimes falls short. >> we lost our way. >> now in a fierce public health fight -- >> there's nothing bad in this bottle. >> more than 123 years in the making. coca-cola is steeped in history. >> this was more than a consumer product to them. it was a part of their lives. >> and poised for another century of worldwide domination. and now, coca-cola, the real story behind the real thing. here's

coca-cola buying the operation of coca-cola enterprises.oining us, coke has argued recently, even mr. kent said that the way that they do it with the independent bottlers is still the best way to win in the marketplace. obviously, when we talk to him, he's not going to say that at 8:45, david. what's he going to say? >> that's going to be a great question. he complete 180 from what he said, even at his analyst conference a few months ago and even on his fourth quarter conference call. they said that it was -- they liked the way their bottlers were situated. they liked the way everything was set up right now. that they were going to be able to grow the system with their bottlers. now we hear the announcement today. and it's not really taking over about 70% of coca-cola enterprises, and really selling off two more bottlers in scandinavia and sweden, so it's interesting to see that now they think they can milk a little more profit out of the north american bottlers than cce was doing. >> is it cutting out middle men or -- i know that they're s

and now "coca-cola:" r

they started with coca-cola. had a court case and said coca-cola has cocaine in it. well, they had a test by the government, found out there was no cocaine in it. it wasn't addictive that way, although it's simply delicious. then the government lost the court case and ca came back and said that's fraud! how are you selling something with no coke in it? they took that and it led to prohibition. a slippery slope. that's the case you would make. >> that is the argument i would make because we're seated in the middle of new york city where the mayor wants to regulate sugar, and salt. so if you accept the argument that the government knows best, there is no end to what the government will try and keep from us. >> glenn: let me go to -- if i can, pull up national i.d. card. can we go there? pull the national i.d. card quiz. a couple minutes. national i.d. card, there should be no national i.d. card required. national i.d. would end all privacy in this country. why would that be true? >> it's absolutely un-american that the police could stop you and say show me your papers.

billion buyout of its north american bottler, coca- cola enterprises. the deal will give coke control over about 90% of its sales volume in north america. it is essentially a cashless transaction with coke taking on the bottler's debt and pension obligations. it follows pepsi's buyout of its two bottlers, which is expected to close tomorrow. these deals give the soft drink giants more control over their supply chains in the u.s., where finding sales growth has been difficult. that's why the new focus may be on sales price instead of sales volume. >> i think the focus is going to be a lot more on revenue as opposed to volume. if you think through the '80s and '90s, there's been price wars. i think now its going to be the opposite. they'll focus on the total price of the product. they'll focus on revenue management, but not necessarily on market share and on selling large amounts of volume. this could be good for both of the companies because at the end of the day, carbonated soft drinks are very affordable and most of the years of the last 25 they've lag

your next coca-cola could cost less under a new deal. >>> plus, trouble for a gold medal-winning alcohol team, after a alcohol-fueled postgame celebration. >>> and we'll have more on >>> welcome back. the treasury department is considering changes for its embattled mortgage modification program. the proposal would ban foreclosures, unless borrowers were declared ineligible for the program. the $75 billion program was meant to help as many as 4 million homeowners. but only about116,000 loans have been permanently modified. >>> a free show in florida is showing how many people need help. people began lining up early thursday morning, hours before the event began. homeowners from all over the country are attending. >>> overseas stock markets are all gaining ground this morning. tokyo's nikkei average rose 0.25% today. hong kong's hang seng is higher. in london, the ftse opened higher. on wall street, the dow fell 53 points yesterday. the nasdaq ticked down less than two points. >>> coca-cola has reached a deal that could save its customers money. it's buying a huge chunk of its biggest bott

. >> coming up on wednesday, we get earnings from boston scientific, coca-cola, intercontinental exchange and sprint. >> still ahead, the stock market is nothing more than chance? and the push for clean energy. that's next. ♪ don't it always seem to go ♪ ♪ that you don't know what you got till it's gone? ♪ ♪ they paved paradise and put up a parking lot ♪ ♪ ba ba ba ♪ la la, ba ba ba ♪ they took all the trees ♪ put 'em in a tree museum ♪ and charged the people ♪ a dollar and a half to see them ♪ ♪ now, now, now, don't it always seem to go ♪ ♪ that you don't know what you got till it's gone? ♪ ♪ they paved paradise and put up a parking lot ♪ ♪ ba ba ba... ♪ now, don't it always seem to go ♪ ♪ that you don't know what you've got till it's gone? ♪ ♪ i don't wanna give it, why you wanna give it ♪ ♪ why you wanna give it all away? ♪ join forces with environmentalists this week, pushing congress to pass a clean energy bill. marvin odum, president of shell oil discusses these efforts. why is the business community so engaged in the climate debate? >> well, i think if you let me just take it from

most promising students. ♪ ( coca-cola 5-note mnemonic )aptioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: henry paulson is here, he was u.s. treasury secretary from 2006 to 2009. it was an extraordinary period in american history. the outbreak of the global financial crisis consumed his tenure, resulting in the worst recession since the great depression. as a series of major financial institutions collapsed around him, he oversaw the recovery, including the tarp program. while some credit the program for preventing a depression, others say it looked like it was subverting american capitalism. last week, he testified before congress that the program was esseial to preventing disaster. >> today after all the actions that have been taken by the u.s. government, we still have this terrible 10% unemployment level. i believe that if the system had come down and failed, we could easily have had unemployment reaching or exceeding the 25% level we had in the great depression. we would have l

most promising students. ♪ ( coca-cola 5-note mnemonic ) ed mapp grew up going to the movies. my childhood and remember how important movies were to me. at that time, it was the only way to see the outside world. ed decided to be a professor - an expert on the impact of the media. today you have television. people have at least one tv set in their home. whatever messages coming on that screen is being extended to the entire family. now that's awesome. it can be affecting our country and culture for years to come. that's one of the reasons why public television is so important, because it does assume that responsibility. ed included his public television station in his will. consider joining the community of people who want public television to span generations.

most promising students. ♪ ( coca-cola 5-note mnemonic ) he didn't li >> how dangerous?lavista grew up on a ranch. we all depended on each other. the land is not going to give to you unless you give to it. today, her values reflect that experience. i think public television is very nourishing. and if you give something you'll get something in return. jacque included her public television station in her will. consider joining the community of people who want public television to span generations.

most promising students. ♪ ( coca-cola 5-note mnemonic )aptioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: the obama administration is at a critical point in its policy towards iran. although it says the door is still open for negotiation, the administration is increasing pressure on the iranian government. in the state of the union address last week, president obama appeared to take a tougher stance. >> diplomatic efforts have assisted with those nations that are in pursuit the nuclear weapons. north korea faces increased isolation and stronger sanctions, sanctions that are being vigorously enforced. that's why the international community is more united and the islamic republic of iran is more isolated. as iran's leaders continue to ignore their obligations there should be no doubt, they, too, will face growing consequences. that is a promise. [applause] >> rose: general david petreus, top commander in the region made rare comments about defensive measures. u.s. cruisers are now pat

most promising students. ♪ ( coca-cola 5-note mnemonic )aptioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> charlie: the 44th superbowl will be played this sunday in miami, florida. it is a match between two of the most explosive offenses in the nfl. paten manning will seek a second title in the last four years. new orleans off the heels of the victory of brett farve. they rely on their star quarterback drew breeze. this game marks the first time that two number one seeds will meet for the title since 1993. joining me now from ft. lauderdale our guy, peter king. he is as you know a senior writer for sports illustrated and widely considered one of the most thoughtful and best informed sources covering the nfl. so i'm pleased to have him back on this broadcast. welcome. >> thank you, charlie. great to be with you. >> charlie: here's where i want to start. five questions, the answers to which will determine who wins the superbowl. >> well, i'll tell you this, charlie, to me the biggest questio

most promising students. ♪ ( coca-cola 5-note mnemonic )se: sandra bullock is here, she is one of hollywood's most indelible actresses. she is also one of its most versatile with performances in hits like "speed," "miss congeniality" and the oscar-winning drama "crash. here's a look at some of her work. >> yo k you handle this bus? >> sure, it's like driving a really big pinto. i'm fine, just tell me what the plan is. is there a plan? >> just for you to drive. just keep us above0. >> good plan. so you're a cop, right? >> that's right. >> i should probably tell you that i'm taking the because because i had my driver's license rejoked. >> what for? >> speeding. >> i have gel in my hair, i haven't slept all night, i'm starved and i'm armed, don't mess with me. (laughs) i'm fine. i'm cool. i'm good. i wake up like this every morning. i am angry all the time and i don't know why, carol, i don't know whynd i... yeah. yes, i'll call you back. okay. kate! >> hey, um, alex was... alex was just telling me about the... um, the lake house. >> in the me

most promising students. ♪ ( coca-cola 5-note mnemonic )aptioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: the nominations for the 82nd annual academy awards were announced this morning in los angeles. for the first time since 1943, the best picture category was expanded from five to ten, opening the field to popular contenders. leading the top of the list were "avatar" and "the hurt locker." each one nine nominations including best picture and best director in what is already being called a david and goliath battle. "avatar" the 3d science fiction epic directed by jame cameron is who t world's highest grossing film. "the hurt locker" directed by catherine bigelow, cameron's former wife, is a tightly wound iraq war drama that has seeked where many films about iraq has not. quentin tarn teen knee roh's "inglourious basterds" earned eight directions. jason rooit man's "up in the air and leanne dell's "precious" earned six nominations each. the surprise was "the blind side" starring san

most promising students. ♪ ( coca-cola 5-note mnemonic )tioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: peter orszag is here, he is director of the office of management and budget. it is the office that drafted federal government's budget for the president. he has served a prominent role in the ocean. he helped design the dlb 787 billion stimulus plan as well as the health care overhaul bill now before the congress. as the economy has stabilized, he's begun addressing the fiscal deficits that have heightened worries about the country's fiscal stability. i am pleased to have him back at this stable. welcome. >> >> good to be here. >> rose: what do we expect to come out of this experience that's happening on thursday with the president and health care? >> well, what i hope comes out of it is agreement on a health care bill that not only expands coverage but that helps to reduce the deficit, contain costs, and improve quality over time. that's what we need do. >> rose: so essentially y

also, quarterly results from coca-cola and walt disney. on the economic calendar, december wholesale trade and january retail sales. monday, over confidence and how it can lead your investments to under perform. it's part of our ongoing series "your mind and your money". we may soon find out whether bernie madoff's family was involved in his massive ponzi scheme. today, his brother, two sons, and a niece agreed to give a full accounting of their finances to the trustee liquidating madoff's business. those relatives have been accused of taking almost $200 million from the business. separately, more money may be coming to madoff victims. his luxury manhattan penthouse has a buyer. >> tom: an advertising scuffle between jenny craig and weight watchers is over. jenny craig says it will stop running ads that made mention of quote, "a major clinical study." that study claimed jenny's clients lost more weight than those using weight watchers. weight watchers sued, calling the ads false and misleading because there was no such study. after pulling

coca-cola shares were one of the other leading stocks inside the dow today. coke helped push the dow back over 10,000 today. earnings came in as expected with profit gains in asia and latin america. at home in north america, it's still a soft market for soft drinks. let's take a look at the numbers from coke. while the results met expectations, revenues were better than predicted and global sales volume was up 5%. in china, coke volume was up 29%. the rally spilled over into pepsi today ahead of its earnings thursday. after the close, entertainment giant disney beat street expectations, driven by its broadcast and cable tv channels as well as its movie business. the house of the mouse saw profits drop at its theme parks and consumer products divisions. the company thinks movies "alice in wonderland" and "toy story 3" will drive future profits. disney shares were up fractionally in after hours. its up more than 50% over the past year. as we mentioned earlier, hopes of a debt fix for greece helped lift the market spirits as worries about portugal and spain also

shares of coca-cola, climbing towards positive territory after a number of block trades. each more than 300,000 shares changing hands. in a dngiven day coke was alrea over 13 million shares traded. you were a buyer of this name yesterday. what do you think is behind the move today? >> a combination of berkshire, a combination of your great documentary you did on coke. and i think this pullback gave us all an opportunity to re-evaluate and look at coke after that big acquisition of the botler yesterday. i like coke going forward and think there's a great opportunity. >> don't go anyway. your last trades for february on the way after this break.

even investing in some of the best-known american brands, apple, coca-cola, johnson&johnson, morgan stanley and tigrou as china rises, it's watched the u.s. and western economies fall. >> chinas feeling its oats after the economic recession. they feel they came through it pretty well. they are feeling robust about their future, and so they sort of have a little bit of a swagger to their step. >> reporter: flexing their muscles blocking sanctions on iran, threatening to retaliate u.s. arm sales to taiwan, opposing a climate change deal in copenhagen, launching cyber attacks, protesting president obama's planned meeting with dalai lama. blocking tv coverage of the president's town hall there last november. and yes, even though they had every right to do it, reclaiming those beloved pandas. but for all its clout and increasing willingness to throw its weight around, china has its problems. remember all that toxic tooth paste, theead paint in toys, the lack of regulation that cost the lives of thousands of children in the 2008 earthquake. many because of shoddy school construction leading t pro

coca-cola, mcdonald's, starbucks. obviously general motors, ford, and chrysler for a time. this touches a nerve. it says we have lost something when foreign investment comes to the united states. if you look back at american history foreign companies have been investing in the united states since the 1600's. the jamestown colony, the settlement of new england. the railroads. here in the state of michigan you look at the mines. they were funded by foreign money. and so there has been a comfortable relationship. world war one. german companies. world war two, japanese companies. more recently japanese companies and other foreign companies took the brunt when we had recessions in the '80's and now. >> the imbedded acquisition of anheuser-busch would be a great example. as american a brand name as you can find. >> budweiser. it is a belgian company. one of the interesting things that they did right away when they bought budweiser was they said, we are going to consolidate. we don't want to get here and have you think of will be fine. we have to cut jobs. there has been some res

you can buy special coca-cola pins for $10 a pop, or you can do the usual. >> what do you have, sir?any pins to trade? >> reporter: for many pins equal memories. >> i like it. >> make a friend even if it is for one minute. it is a lot of fun. >> that was matt pear reporting from vancouver. we were saying it is probably one of the few things you can afford to buy at some of the sporting events. i still have milanyard with the pins from when. >>> we have a lot of weather going on. not only here but all over the place. it has been pounding areas to the north and east. new york city, the latest report up there is heavy snow coming down. that's not central park, that's columbus circle on the north side of manhattan. it is barely moving there. they have had ten inches of snow or so. a big storm for them. for us, we didn't get the snow but wind out there. the weather terrace past the sunrise hour just happening right now. winds 30 to 40 miles an hour in the metro. our biggest winds were reported in west virginia at 567-mile an hour gusts in petersburg and grant county and purcellville 55 an

. >> coca-cola, big year for coca-cola, why? >> well, pepsi hasn't been in now.s pepsi's not there. they vacated it and left the door open for coke to own it, so, here you have it. they've been battling it out for a couple of years, both of them in the game, and now coke's there with three spots this year and they're going to own it. >> and controversy, i think if there is some, you can talk about this focus on families organizations, pro-life ad that features tim tebow, the football star. and it's created a lot of talk. i think if the idea is to message in front of a lot of eye balls, they've done it in a big way. >> it is, and it is a gutsy move. i think the thing that's out there politically is that in the past, cbs specifically and other networks have rejected advocacy ads. they've rejected ads that are more liberal in their stance, and this year this is on the conservative side so the liberals are up in arms. they did reject a gay dating site ad. so, you have a little political undercurrent going on here. >> but we're talking about it, and that's half the ba

we don't have a long history we have brand names come and mcdonald's, coca-cola, sta rbucks. and general motors, ford, and also chrysler. it touches a nerve that says we lost something when foreign investment comes to deny the states. if you look back through history looking through the 1600's with the jamestown colony, the settlement of new england, railroads. state of michigan, the mines in northern michigan poor funded by a foreign money. but there is an uncomfortable relationship where one germany company took the brunt comment world war ii japanese companies and more recently other companies took the brunt with recessions in the '80s and now more recently 87 the acquisition the acquisition of anheuser-busch is an american brand name you can find. >> guest: budweiser. it is a belgian company. one of the things they said we will consolidate and seller station there will be job losses. we don't want you to think all we'll be fine. we have to cut jobs. there has been some in just days resentment towards inbev but they would add that against anheuser as well. >> host: but the

although he's likely to hang up his skates after this one we expect a lot his deals with the likes of coca-colaestle to stay intact. now let's talk some losers. she's still among the most remarkable way gold and bronze and what an event to go but if lindsay vonn lifted up to lofty expectations she'll be hot now likely for deals but not able to cash in on new ones as much. lindsey jacobellis wiped out her last run here. she took the silver in torino and did not even make the final this time. she's not going to be considered next time around. and how about alpine skier ted ligetyreported $2 million in deals with ralph lauren. the torino gold medalist hasn't made the podium here while 2006 busts bode miller of course has a medal of every color. erin, often it's not gold if you don't have gold then you're gone in terms of the marketing world, but the woman joannie rochette of canada, she won a bronze medal, and she could do pretty well on the speaking tour around here, her mother of course died just a couple of days ago. and for more check out my blog sportsbiz.cnbc.com, we have the 25-most remarka

it becomes breezy late this af >> announcer: "today's olympic moment" is brought to you by coca-cola. >>> al, thank you very much. this morning on "today's olympic moment," going out on top. 37-year-old canadian speed skater clara hughes marched into vancouver as her nation's flag bearer, knowing these games would be her last. hughes has an olympic resume to end it. a former cyclist, she's the first canadian ever to win medals at both the summer and winter games. on wednesday, hughes capped off her career by skating in the grueling 5000-meter race, carried along by the cheers of the canadians in a packed arena. hughes gritted it out to the finish line, winning a bronze, the sixth medal of her career. >> oh, yeah! what a way to end it! >> reporter: tying canada's mark for most decorated olympian ever. she called it one of the best races of her life. >> that crowd was amazing today, and i'm officially retired as a speed skater now! >> reporter: what's next? hughes says she just wants to buy a kayak and go on some new adventures with her husband. >>> up next, the spirits of vancouver. we

with coca-cola, we have a fruit effort where it's in kenya and tanzania to take passion fruit, mangoruit, and get them to store it in the right way where they can access the market. so getting them further up the value chain and making sure that the price gets down to them is a much higher percentage. there's going to have to be some funding. but the returns on this funding is really quite phenomenal. >> any questions on pricing, gentlemen at the back there? on pricing? >> well, to the extend that in the short-term the likelihood of withdrawal of subsidies is not something on which we can expect very quick answers. and considering the fact that the present -- [inaudible] will remain for a while, what other steps can be considered to get countries out of the mindset in terms of self-reliance which can allow for the global forces, the present spike in prices which we see? >> bill gates, you wanted to answer that? >> one of the big food buyers in the world is the world food program. they do a great job. donors have often forced them to take the food from the rich countries instead of do

>> guest: he is a retired coca-cola executive.e was a -- he -- at -- he was ceo of a number of their different divisions over a -- over his career, and he lives in tampa, florida. he has a great sort of dynamist understanding of the world, particularly in -- as it relates to resource use and -- and the relationship between business innovation and environmental issues. c-span: well, there are three names that pop right out, are well-known in this town. one of them is james glassman... >> guest: yes. yes. c-span: ...who is? >> guest: jim glassman is a columnist for "the washington post." he was the founder of -- of roll call. and he -- i -- he was f -- at one time, the publisher of the new republic. and it's actually -- jim is the most related to the book of the people you might list because he became a trustee because of this book, essentially. when i wrote -- a few years after i wrote the 1990 "washington post" article, we had -- we opened a washington office here, and we had a party to celebrate the opening, and jim came to the p

vamos al tour del trofeo de la copa mundial auspiciado por coca-cola. va de costa a costa para anotar. >> de esta manera culmina la jugada. >> seÑoras y seÑores, wayne. >> te tiene nervioso a ti. ganÓ el heats. >> silencio en la sala. >> me muestran el... por favor. >> subidubi. watson pierde la posiciÓn pero recupera y lanza. para esta plegaria de canasta. >> como lanzÓ y la embocó. >> tremendo clavadÓn. h@tjiawóg@ >> oigan les voy a contar lo que pasÓ en el cairo. hicieron tremenda pachanga. fue la primera boda en el cairo de chimpancÉs. la boda fue tipo tradicional egipcia. el pastel estuvo lleno de frutas, las decoraciones tambiÉn eran frutas. >> sobre todo plÁtanos. >> los temas mÁs solicitados fueron toma tu banana. >> mira el pastel. ahÍ estÁn. >> jenni rivera se habrÁ puesto algÚn modelito de algún diseÑador y la mona? >> no, porque la mona vestida de seda, mona queda. los monos son fogosos. sexualmente activos. >> algunos monos todo lo resuelven asÍ. >> las peleas hay que resolverlas asÍ. >> en eso los hombres son parecidos al mono. áádespa ame

. ♪ ( coca-cola 5-note mnemonic )

fifa en brasil. ( cantan ) siga el tour del trofeo copa mundial de la fifa patrocinado por ♪ la coca colacon las chicas. >> bueno, aquÍ las cubanas mandan, ahÍ estÁ el chuvi duvi. fue una gran jugada en el baloncesto colegial, partido entre el kentucky y el tremendap >> seÑoras y seÑores, esta reina estÁ en la casa, le prometemos un programa que va a estar de agarrarse... >> ¡y si te pica, rÁscate! >> la cuenta regresiva al mundial sudÁfrica 2010 empezÓ en univision.com. aquÍ tenemos toda la informaciÓn que necesitas para que no se te pase ni un detalle. fotos, videos, y entrevistas con los protagonistas de esta fiesta deportiva. anota te un gol con la clave mundial. >> estÁn desatados los chicos en la casa. ¿como haces para controlar a todos? >> yo el amo, la admiro, la adoro. >> ¿tÚ vas a hacer un calendario tambiÉn? >> sÍ, para los metrosexuales para que vean cÓmo es estar al lado de una diva como mi mujer. >> ¿pero vestido o desvestido? >> no, vestido. >> bueno, ha llegado el momento de Échate pa'cÁ. >> no puedo, ya me comprometÍ, estoy enamorado. >> pero es chisme, chisme. >> bueno,

coca-cola, we have a food effort we're in kenya and tanzania they're taking passion fruit, mangrove rootsng them to store it and do it in the right way where they can access the market. fitting up further up the value chain and making sure the prices get down to them and is at a much higher percentage. there's going to have to be some funding. but the returns on this funding is really quite phenomenal. >> any questions on pricing? the gentle man at the backed? -- the gentleman at the back? >> in the short term, the likelihood of withdrawal of subsidies is not something on which we can expect, and considering the fact that the present food prices will remain for a while, what other tips can we consider to get countries out of a mindset in terms of self- reliance that can allow what global powers can affect the present spike in prices we have currently? >> one of the big food buyers in the world, the world food program, they do a great job. donors have often force them to take food from the rich countries instead of donating money and allowing the crops thain nearby african countries to be

usually the ads are from big companies like doritos and coca cola and budweiser. now it's from the u.s. census. we'd like to know what you think about that. folk at home, what are you thinking about this? head to our website, foxnews.com. on our website, ca find our poll, scroll down, click on the you decide, do you buy the census bureau's ad, an unscientific poll. sixty thousand people have voted and 94 percent say it's a waste of money. martha: when you think about it, every psa is paid for by tax dollars and sometimes they have a perspective. bill: i'll never see that commercial. martha: you're going to be skiing. rub it in! bill: we have a lot to do. martha: rub it in, bill! >>> the u.s. military is taking a rare break from secrecy, announcing the precise target of their first big offensive of the afghan surge in the helmand province area, a hot bed as we know of taliban activity and violence in the war-torn country. the idea t. appears, is to intimidate the taliban to think twice before engaging coalition forces. steve centanni joins us with more from washing

but when coca-cola supports congressman x, i think people will say they are being bought.anies will align themselves with issues. abc did a piece about chinese getting government contracts or was under the stimulus program, $450 million went to china and they created 2000 jobs fori] the wind machines. over here, we have a couple of jobs. how can that happen? guest: the stimulus funded some existing programs. there was the conservation corps and build the new infrastructure. there is a non = not a lot lefto build. there was a time limit on when the stimulus money needed to be spent. they had to rush it out and put it into some of the existing formulas city agencies could get it out quickly. the national science foundation funded grants that had been sitting around and have been previously rejected. çthey couldn't afford it three years ago. host: we have a tweet from monty. government can borrow and this cannot go on forever. guest: there is this bottomless pit of money. they can keep printing it. the united states has some discussion about credibility, the credit worthines