ford and gm say their inflaters with different and have passed tests. >>> if you're always checking the internet for the latest news, google may have a short cut for you. they're reportedly working on eyeglasses with a small screen in front of your eyes and a data connection. the new york times says the dplaszs should glasses should be out by the end of the year. >>> dozens of foengs in new york city are camping out waiting for new sneakers to go on sale. they'll cost you about $220. the galaxy is expected to fly off the shelves at the speed of light. glow in the dark? >> some things truly are for the young. >>> next on this wednesday, the new video with a critical lesson for women. what should you know in terms of the science of a pending heart attack. zblnch and look out. mind the gap. watch where you step. a jelly invasion on the gulf coast. eew. [ female announcer ] it's the lenscrafters semi-annual lens event. that's 50% off lenses, including bifocals, no-lines, even sunglasses made with your prescription. so hurry in. 50% off lenses won't last forever. lenscrafters. >>> this is go

i'll take the other side as far as the car companies, ford and gm and chrysler go, if i'm alan at ford, i want to sell more f-150s than fiestas. i make more money on the trucks. is this going to hurt profitability for the car companies? >> the mix changes. that's going to hurt the bottom line to a certain extent whenever you have people moving towards cars versus trucks and suvs. look at car statistics. we'll talk about ford and gm in just a bit. but the used cars statistics show since november people are rotating into compact cars moving away from suvs. on the new car side, brian, bottom line is this. people who want to buy an f-series, they're going with a 6 cylinder with ecoboost engine, turbo charger. better fuel efficiency and has the performance to match what they used to get with an eight cylinder. what we're seeing now is the rotation into smaller engines in the vehicles. >> all right. philip lebeau, well-said as always, sir, see you again. >> you bet. >> we want to know, america, how high are your gas prices in your area? be sure to include your city and state so we know where

all of this was very controversial, but at the end of the day, when you look at chrysler, ford and gm now, and you look at the fact that consumers have better choices for automobiles across the board, the industry agreed to a 54.5-mile-her-gallon standard together with the auto workers and the administration, which is an achievement in and of itself. and you see profitable companies and the government will be able to sell its stake in gm down the road at perhaps a wash to taxpayers, and you have to say, if it's going to grow jobs in the future, it's absolutely worth it. because unlike these financial institutions, these car companies are making real things that employ real people and things that people buy around the world, and that's important to our economy. >> that being said, one of our viewers via twitter a little confused about this. here's what this viewer said. i thought we needed to have government get out of the way. now i'm hearing that government needs to make wait. which way is it? >> i think it's important to understand that i don't want to see the government run ag fact

in 2008 he was critical of the bush administration standing by as chrysler and ford and gm were struggling and then once the obama administration tried to help these companies critical of the bailout. >> yeah. you know, he keeps trying to explain the nuances of his position, but it just doesn't work. what people see is he opposed the bailout, the bailout happened and the auto industry is doing fine right now. now there's a lot of things we quibble the government had a takeover. but these companies are thriving today, adding jobs and making money, $7.2 billion earnings reported by gm today. that's a hard thing to run against. you know, he's running against what looks to be a success and he makes very good points about some of the harmful ways that this success was brought about but i don't think anybody is listening to that. >> let me ask you about a new book out called "the real romney." he talks a lot about his father. mitt romney admits that the greatest influence on his life both personally and politically was his late father who passed away in 1995 at the age of 88. he served as govern

you know, you think of companies like, you know, ford and gm which produce, you know, in europe as well as in the united states. however, we do think that if europe has a mild downturn, which is what they are currently forecasting, and if the financial situation remains under control, the effect on the u.s. might not be terribly serious, at least it would probably not threaten the recovery. but never the less it would certainly. >> now, one of the things that we discussed when over in europe, said that greece equalled about 2% of the economy. they were going to try to keep them into -- so they wouldn't have to lose the euro. if they did, greece default, they would not be contagion, they thought it would be pretty much contained and move on likely what was happening in italy. i would like to get from your viewpoint, if greece were to default do you see the possibility of contagion to italy and portugal and spain or are they such a small part in this it doesn't matter? >> time for the gentleman expired so, mr. chairman, give a brief answer. >> leaving the euro would be very difficult and

what ford did, they went ahead and called chevrolet and said, hey, don't run this spot during the super bowl because ford says it makes the most dependable truck. but gmo make this commercial. we are going to air it during the super bowl, and voila, it d. michael? >> i just love the fact they're fighting over whose truck is going to survive the apocalypse. who cares by then? the gas stations will blow up so you'll never be able to drive. who cares about driving the most dependable? >> this is the funny part. this is all semantics. ford says it's the only brand with more trucks on the road with more than 250,000 miles because ford measures by miles. gm measures by age and says its cars last more years. but according to consumer reports, michael, the nissan titan, the toyota tundra, they're more dependable than both ford and gm. so while ford and gm are duking it out, the other two are saying, ha, ha, what idiots. >> it's school yard. let it go. we're all going to be dead, anyway. as long as we're talking about chevrolet, there is some encouraging news about the parent company. a bit of a turnaround since the bailout. tell us about that. >> yeah, so the

. >> he checked out a section with electric hybrid and high fuel efficiency cars made by ford, chrysler, and gm. a former executive jack johnson will get more time before he has to report to prison. he was set to begin his sentence on friday but a judge granted an extension because plans on where he will serve have not been finalized. the disgraced democrat was sentenced to seven years for extortion and bribery. he is expected to begin his sentence on february 18 at a federal prison. nicholas browning is serving a double life sentence for shooting his parents and brothers to death. now he is featured on a website soliciting pen pals. we are in the studio with the story. >> nick browning and the other prisoners cannot access the site of themselves. they melt responses to an administrator. in hopes of drumming up pen pals. otis show him standing with fellow inmates and posing with a prison visitor. not the future you he seemed destined for in 2009. he baffled everyone by shooting his parents and younger brothers to death on a saturday night and hanging out with friends afterward. investigators pi

you have here on your list of picks ford and gm. to sector, an incredible rebound, whatever you want to call it, why are you backing those two? >> well, gm and ford both had troubling years last year with both of them down double digit declines last year. troubling stock market. and in terms of overall vehicle sales, but we're seeing an improvement coming into the new year the average age of the vehicle on the road reached a record high last year of 11 years. >> uh-huh. >> as that replacement cycle expands with the product they have in the showroom, we've already seen good things out of both of these companies and their stock performance just in january, but we think the auto stocks are going to roll in 2012 adding jobs at chrysler just more evidence of the recovery in the domestic automotive industry. >> let's get back to what's happening in the media space, which is of course your expertise, larry. we just got earnings from via come, my kids are watching. domestic ad revenues slipping as well. is this a problem across the board in

you have the tale of two automakers at the same time with ford and gm comparatively difficult positions during the height of this economic downturn and how both came through it. the problem with the gm story is that it's not done and the reality of it is the government still owns close to 27% of gm stock. the auto unions own 17 to 18% of gm stock and so, we're still heavily leveraged as a nation in our ownership of gm and so there's a lot that still rides on the outcome. it's great to have these numbers now, but no one knows what the long-term management structure is going to be and how it's going the look on the other side, so there's still a lot of ground to cover here, so all the pats on the back and flying commercials with the flag and a u.s. made car in it is great theatre, but there's still an underlying structural economic question that has not been addressed. >> governor strickland, you have a very inspiring story i believe you didn't have running water in your house until you were in your teens. i think folks would consider you pretty blue collar politician. who would you rathe

and the auto industry is doing well. 200,000 new jobs and ford chrysler and gm are hiring some 200,000ew workers and are building new plants and putting workers on three shift days and beyond this, we are finding that the american autos are leading the world. gm is the biggest producer in the world and the best financial quarter that they have had in years and ever had. and so the bailout was a good thing and we are glad it was done and pleased that the people of michigan will have a chance to speak about it. >> our recent polls are showing they are optmistic . first time they end with the highest unemployment rate. we heard about lower plans on businesses going forward. is that enough to sustain growth over the long-term? in michigan what we are see going throughh now is an continued effort to make sure the painful recovery in the autoallows them to move in the global market place. we know that there is much work to be done. tax relief in the economy will be part of what is done to make sure the american economy can be and remain the economic engine of the world. we have to be candid

. >> ford is doing okay, there is an article about how bad gm is doing in europe. but ford has china, andn't. ford is going to flatline until europe is fixed. let's go alex in the sunshine state, florida, alex. >> caller: booyah, walgreen -- >> walgreen's is in a pickle here, they did not do the scripts deal. so they are a push. jeff in florida. >> caller: a big warm booyah from florida. >> man, we have a lot of sunshine today. >> caller: i've been holding on to linn energy because of their great dividend.. >> everything is up in the air in oil and gas, i do not mind it, but i no longer like it as much. i would like to see 8% yield before i step up. let's go to misty in ohio. >> caller: i'm calling from ohio, a big time booyah to you. >> that is an awesome booyah, the best in show. >> caller: what can you tell me about alcoa. >> they are debating closing another plant in australia. if europe comes back they go back to 14. i think it's okay, i cannot recommend it. that ladies and gentlemen is the conclusion of the lightning round. in what passes for common sense. used to be we socked money

gm and chrysler paid back their loans. people are going back to work. you have gm, ford and chrysler operating on three shifts because of consumer demand. i have never heard him saying, is it not great that the companies are doing well? is it not great that people are back to work? >> how is it that the governor of michigan can endorse someone who keeps trumping the fact he was opposed to the auto industry bailout and will not acknowledge that it is working. how does the governor of the state endorse that guy? >> there is not a republican candidate that supported helping the domestic industry. if one is objective, i believe that romney would be the strongest candidate against obama in the fall. i think the governor wants to see republicans win. that is probably the reason that he did endorse governor romney. >> what is your sense of why santorum is surging? you said that he is playing to the tea party. so is romney. they are fighting each other on how far right they can get. why is santorum making this race so close in michigan? >> i am trying to figure that out myself i

but at the end of the day when you look at chrysler, ford, and gm and look at the fact that consumers have better choices for automobiles across the board, the industry agreeing to a 54.5 mpg standard together with the auto workers and with the administration, which is an achievement in and of itself, and uc profitable companies and the government will be able to sell its stake in gm down the road at perhaps a washed to taxpayers, and you have to say if it's going to grow jobs in the future, it is absolutely worth it. unlike financial institutions, car companies are making real things and employer real people and things that people buy around the world. that adds to the economy. host: a viewer on twitter is a little confused about this. here's what the viewer says -- guest: i think it's important to understand that i don't want to see the government running a factory. the u.s. government should not be running factories. that is not the right kind of industrial policy. but every successful industrial economy has public policy that supports it. when you look at germany, germany has over

. >> ford is doing okay, there have an article about how bad gm is doing in europe. but ford has china, and gm doesn't. let go alex in the sunshine state, florida, alex. >> caller: booyah, wall green -- >> walgreen's is in a pickle here, they did not do the scrips deal. so they are a push. jeff in florida. >> caller: a big warm booyah from florida. >> man, we have a lot of sun shi shine today. >> caller: i've been holding to line energy. >> everything is up in the air in oil and gas, i do not mind it, but i no on longer like it as much. i would like to see a8% yield step up. let go to kristi. >> caller: i'm calling from ohio, a big booyah to you. >> that is an awesome booyah and best in show. >> caller: what can you tell me about aa. >> they are debating closing another plant in australia. if europe comes back that they go back to 14. i think it okay, i cannot recommend it. that ladies and gentlemen is the conclusion of lightening round. l and hurtle us all into space, which would render retirement planning unnecessary. but say the sun rises on december 22nd and you still need to retire, td

and ford did better and only slightly. the 13 car makers ford came in 10th. and gmnd there is a man facing charges after flattening a 16-year-old girl's first car with his monster truck this, shows what happened when the truck drove over the girl's toyota several times. the girl wasn't in the car and didn't know the man. it happened in a place called red neck yacht club. he says he crushed it after two trucks failed to drive over it. he presented a check to the girl's stepfather to help her replace the car. >> and this surveillance video shows a deer knocking over an 11-year-old girl as it stormed into the convenience store. the deer was hurt and had to be put down. >> there are many homeowners struggling to make homes -- ends meet. now a marketing company says it's willing to pay their mortgage but there is a catch. have you to let an outfit called brainacks from mars paint their house green and orange. >> just stand out in a crowd. and painting the house those colors in this neighborhood will be the only one. >> it would bring down the price of the homes more. >>

ford into lyautey. -- gm was the sales leader fall by ford and toyota. schools say they have limited budgets to make it happen. chipotle said the price hikes may not be happening anytime soon. more on that in the next hour. that is business news in new york. we're reporting for abc 7 news. >> thank you. we're looking at 50 degrees. >> republican presidential candidates mitt romney on damage control. the third comment that is causing the controversy. >> they are gearing up for a century old tradition. how they are putting their own spin on groundhog day. another check of traffic and weather every 10 [ snoring ] [ [ under crashes ] [ snoring ] [ thunder crashes ] [ snoring ] [ male announcer ] vicks nyquil cold and flu. the nighttime, sniffling sneezing, coughing aching, fever, best sleep you ever got with a cold... medicine. ♪ ♪ ♪ ♪ [ male announcer ] yqcks dayquil. defeats 5 cold & flu symptoms. ♪ ♪ >> the groundhog day thing will happen tonight in pennsylvania. they're gathering to see filled the groundhog and whether he sees his shadow. >> if phil sees

things keep getting better for the automakers, both gm and ford shares higher today. those moves attributed to really a few things. first up, some upbeat comments by auto dealers at a huge conference in las vegas. there is some optimism out there that the overall u.s. auto industry could move 14 million cars and trucks this year. the official projection 13.9, 14 being the whisper number. that would be very strong compared to a couple of years ago. next, reports that gm's profit could hit a record of $10 billion a year. also, maybe just a hint of momentum from all those ads last night. now, philip lebeau is all over this. phil, is this a clint eastwood auto stock rally or something more substantial? >> i think it's more substantial than that, brian. really, you can look at this bump coming from the shop floor to the trading floor to the show floor. and really we're seeing it with almost every automaker. last thursday we're in illinois just outside of rockford. sergio was talking about how they've added over 4,000 jobs since coming out of bankruptcy. chrysler sales were

and buy new cars from gm, ford, and chrysler, because they are more gas efficient and we are more biased against higher oil prices, courtesy of the unacknowledged discoveries we have. how many people know where eagleford is. i talked to someone, and he's like, oh, yeah, northern pennsylvania. texas. bachus. anybody know where that is? north dakota. everyone knows prudhoe bay and these are both bigger. oil companies hiring hundreds of thousands of people to get crude out of tf of the ground. stock, like clean harbor or aog, continental resources, schlumberger, back to where it was in 2008. these are marching to the same oil tune. finally, the consumer herself. she ain't stupid, pretty much saw it coming. first time gas goes to 4 bucks, you freak out. second time, you aren't freaked out, but you aren't angry. you don't staytrade down to wal or dollar tree or per igo. those stocks are acting terribly. bottom line, i'm not saying just wait, paint at the pump hasn't happened yet, i'm saying we can adjust because things are better this time around and more prepared for an energy crisis. and if

that means gm, ford and chrysler were all profitable in 2011, something they haven't seen in seven yearsshares topped $500 for the first time, just six months ago they traded for $400 a share. apple has been reporting record ipad, iphone and mac sales and there's talk that the ipad 3 is on the way. poppy harlow has a look at what's coming up in business news. poppy? >> thanks so much. the financial markets will be closed monday for the president's day holiday but investors will be keeping an eye on greece as european leaders are set to vote on a $170 billion bailout package for the debt ridden country. housing will be in focus with reports on new and existing home sales coming out for the month of january. 2011 ended on an upbeat note with existing home sales posting an annual gain and since then there have been signs of tj slight improvement in the housing market. on the earnings front, retailers like walmart, macy's, target and sears will report their numbers and track it on cnn money. back to you. >> thanks so much. meantime it hasn't felt like a really severe winter or cold winter in

gm, ford and chrysler are all making money. something we haven't seen in seven years. ars ago the headline for gm and chrysler was bankruptcy. quite the turn-around. >> exactly, quite a turn around. it took two years to turn around, and not just their profits, the big three are also hiring. now, ford, chrysler, they both reported earnings a few weeks ago. today we heard from gm reporting almost $8 billion in profit for 2011. it's a record high and wasn't easy for gm. it set itself up to make money. it closed plants and sold brands, and it's changed its labor contract so now gm is a leaner machine to benefit even more from the recovering economy, especially with more people buying more cars. >> you mentioned hiring. however, gm isn't done cutting costs. it apparently is changing its pension plan. why is that necessary? >> that's happening because gm's pension plan is sirchlly running out of money. it's moving everybody salaried into 401(k) plans. gm will continue making contributions, but 401(k)s are cheaper than traditional pension plans. they're shifting some of the co

chrysler taking big share from ford and gm.rysler are off the charts. >> hash tag, willie, winning. >> i love it. >>> last night were the grammys, we talked briefly about it at the top of the show. whitney houston's death saturday afternoon in a hotel room cast a shadow over the event. l.l. cool j. began the ceremony with a prayer saying there was a death in the family and the mighty task was given to jennifer hudson to pay tribute with her voice. >> although she was gone too soon -- ♪ and i will always love you ♪ i will always love you >> it was good. >> it was a night of tributes to whitney houston all the way through. most of the artists who got on stage said something about houston, the star of the night, though, was adele. she recently underwent vocal chord surgery. last night her first public performance in five months. she sang her hit rolling in the deep. the 23-year-old won all six grammys for which she was nominated. album of the year, record of the year, song of the year. foo fighters won five awards. >> all right. >

all this week we are digging into companies and stocks in the front lines of american business. today it's automatic, but it's not ford or gm. and apple, $500. if apple's in the dow, we'd be at around 15,000. can anything stop this force of nature, mandy? >> hello, everybody. this is what else we're watching at this hour. president obama unveils a proposed $3.8 trillion budget that aims to cut $4 trillion from the fiscal deficit over the next decade. meantime americans are getting plenty of their spending money from atms. 2012 forecast beat estimates. and owners of new york's iconic empire state building are hoping their latest financial effort isn't such a tall order. they're selling a piece of the building to the public for a $1 billion initial public offering. brian. >> thanks, mandy. that greek debt deal is your lead story. it's one step closer to being over, but remember it's not over because you still have a big meeting of eurozone finance ministers on wednesday. even if the greek people are not done with this, the market starting to begin to put greece a little more in the rearview mirror. but that doesn't mean there

been both a governor and car company auto executive there and undermine that asset with a famous op-ed that let detroit go bankrupt that if gm, ford and chrysler get bailout from the federal government "you can kiss the american automotive industry good-bye." mr. romney wrote the auto industry's demise would be guaranteed by bailout. now in another op-ed, this one in "the detroit news" mr. romney is trying to sort of defend and sort of walk back the whole let detroit go bankrupt thing. he's now saying that he still thinks it would have been right to let the auto industry in america go bankrupt. he also says that mr. obama saving the industry in the short-term actually made things much worse than they would have been for detroit. that was a hard line for mitt romney to be toeing a couple lines ago when he wrote that op-ed. it's a particularly hard line to be toeing today. >> full year general motors made a record profit. $7.6 billion. in 2011 it made its biggest annual profit in gm's history. $7.6 billion. >> business is booming for an industry once on life support. >> most profitable year ever in 2011 making $7.6 billion and that'

manufacturers, the ford and the gm, are with their renewed focus on emerging markets also getting -- the answer is not simple. the field is wide open and there are different areas to be captured by every manufacturer in the global market. >> i was going to wonder if europe is in recession or pretty flat this year that would suggest what you're going to need is growth coming out of the u.s. if japan has lost a little bit of its market share there, do we think it's going to get it back or will it require a weaker yen or can it do that without a weaker yen? we haven't seen any weakening of the yen. >> i think we're going to see a resurgence of the manufacturers in the automotive, the u.s. sales were up 10% last year. they're forecasting 6% growth this year and you take a look at honda, for example, they are producing 2008 or the beginning of the recession. they now have double shifts through their factories in the u.s. and produced more cars in december, 18% year and year so they are trying to fight back but with the recent financial results it's just basically kind of a legacy issue yo

. >>> in detroit ford and chrysler reporting better sales for january although gm says that the sales fell 6% compared to a strong month a year ago. ford sales were up 7% on the strong demand for small cars and suvs and chrysler says that the january domestic sales rose 40% over a year ago. from the health and the human services department on the federal level medicare advantage enrollments have risen bigger than expected last year by 10% as the average premiums have fallen 7%. annual enrollment is 12.8 million and the average premiums have fallen over 7% to $31.54. confirming some loose projections the medicare enrollment plans would continue the rise and average premiums would continue to fall. and finally on capitol hill, a documentary filmmaker has been arrested at a house hearing by trying to film without the required credentials. jonathan fox was charged by capitol police with unlawful entry. he conducted the documentary last year, and he talked about fracing and filmed the subcommittee's hearing, and fracing occurs when large amounts of sand and oil are put into wells to try to

automakers, gm, ford and chrysler, are all profitable. that's a look ahead at the week in u.s. business news. i'm alison kosik in new york. >> so the big question is, how are the markets indicating the open could go? take a look at this. the futures at the moment seem to indicate a positive picture. obviously taking their keys from what's going on in europe, it's the nasdaq, the tech heavy index that's up the most. the other two up also by about 0.5%. >> that's quite interesting, strong showing on futures. so far, so good. you foe what they say. >>> just ahead on the show, one of biggest voices in music has fallen silent. but we'll tell you how whitney houston's legacy is living on. that's thanks to surging music sales. online dating services can get kind of expensive. so to save-money, i found a new way to get my profile out there. check me out. everybody says i've got a friendly disposition and they love my spinach dip. 5 foot ten. still doing a little exploring... on it. my sign is sagittarius, i'm into spanish cheese, my hairline is receding but i'm getting a weave. (falset

more than google, sachs, gm, ford, starbucks, and boeing combined. grand slam tennis ii that's getting great marks it has analog controls. you have a lot of control over a variety of different shots and ofbrings out the nuances stroke play in tennis and what of strategy you need to win. but the game goes on sale today. women are twice as likely to tweet about valentine's day as likely to haves positive things to say about the holiday. happy valentine's day,. >> tahlequah 18 by now. >> traffic and weather every ten minutes. adam caskey is here. yesterday was frigid early in the morning. today feels a little more like a normal. we are generally above freezing at this time. bad start today. precipitation to the morning. excited about.et its not going to get in the any dinner plans. you can see some areas of white pink on the radar screen, mainly along the mason-dixon line. possible nookall of town right now. the dew point is about 10 degrees. .he atmosphere is fairly dry most of what you see falling from the before itevaporated reaches the ground. there

bill: you can't tell ford chrysler and gm what to do. >> no you can't. ours working well with car companies on safety issues. the car companies have an incentive to keep these systems safe. it's a first step. it will not be the ending, it's really just the beginning. i think we'll make some progress. a lot of these companies already have these type of guidelines in place. i think this was coming any way. but obviously to have the secretary of transportation being so vocal and passionate, distracted driving is a problem and we need to do something about it, and the car companies can either help us provide -- help us provide the solution -- bill: two points i want to make here. you said some of the car companies are already doing, they are already taking steps or measures, like what? >> there have been guidelines, ford and others have come out with advice to the drivers so that they don't use these systems. there is a program called my key that will help eliminate these for teens that ford offers. there are definitely things out there. there's been a lot o

that's more than google, gm, ford, boeing, starbucks and home depot campaigned.ht 100 shares, and held on to your investment, of about $1,200 would be worth more than $50,000 today. >>> and as millions of people across the country scramble to pull together valentine's day gifts, a little advice from the husband in chief. >> today is valentine's day. do not forget. i speak from experience here. it is important that you remember this. and go big. that's my advice. >> no word, yet, on what going big for mrs. obama means. >>> and coming up here, a damaged dog, maverick, and five months of unconditional love can becoming a force. at the high-flying westminster dog show. your job. so why are you doing his? only your doctor can determine if your persistent heartburn is actually something more serious... like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid related erosions in the lining of your esophagus. talk to your doctor about th

one is that the automotive sector is very strong, and you've seen strong indications from profits from ford, gm, chrysler, you've seen hiring, you've seen more demand, you've seen increased market share, and so that means more jobs in the transportation sector. in terms of fabricated metals, consumers have a bit more confidence now, so they're going out, they're buying durable goods, things like washing machines and refrigerators, and that creates a demand for things like fabricated metal. the weakness that you still see is in construction-related manufacturing, and we know that that's been lagging in the construction industry in particular. that shows up in types of manufactured products that go into the construction industry. but otherwise, we've seen relatively good strength over the last two years. >> so moving forward to the next several months or years, where do you see this headed? >> well, i think there are a couple of things that are working in our favor, and i also see a couple head winds. the things working in our favor is it does look like employment is picking up. that means people

and the fact that ford, gm and chrysler are as successful as they are is because of what product theyknow, that they believe the auto industry would have come back without a bailout. we don't know that. what we do know is gm had record profits and you are saying gm would have had the profits without the bailout. >> i think gm would have had those profits with a traditional bankruptcy versus a federally funded breeders cup. traditional bankruptcy would have been funded by the capital markets. one might say that the capital markets were in -- possible at the time to provide those dollars. the answer to that is that at the very worst, it would have been government guarantee of the bank loans and bank groups have been lining up to make those loans. it is -- it is two different philosophies and the point is using taxpayer dollars is not what's turning the car companies around. what turned the car companies around is the fact they are selling great vehicles produced by great engineers and great folks on the line producing them. that's what's making it. >> a lot of people going into purchasi