of g.e. jeff immelt now he's also known for heading g.e. that company that famously paid no taxes last year and shed u.s. jobs are adding them overseas under his reign and it's at the chamber of commerce which is one of the largest business lobbies in washington who the obama administration has also butt heads with in the past here to talk about this is labor journalist mike my thanks for being here so you have him all to have the chamber of commerce you have also politicians what what they want as far as jobs what is the goal for them when it comes to job creation to keep this few workers employed as possible and keep them working as much as possible and through little as possible that's the only change these people have no real desire for humans they see human capital with nearly another commodity not something that they really see any social bosal and they don't have much interest in job creation but the we need one over the long run if they want to sell one of the products but i think increasingly what you're seeing in the u.s. is that

of g.e. jeff immelt now he's also known for heading that company g.e. that now famously paid no taxes last year and that has shed u.s. jobs all out even overseas now this is out the chamber of commerce which mind you is one of the largest business lobbies in washington and included our other politicians are there i spoke with labor journalist mike and i first asked him what interested these folks have in job creation. to keep us few workers employed as possible and keep the moral thing as much as possible and for as little as possible that's their only and these people have no real desire for humans they see human capital is merely another commodity not something that they really see any social value so i mean they don't have much interest in job creation but the they need one of the long run if they want to sell their products but i think increasingly what you're seeing in the us is that a lot of companies feel that they don't have investment american english as a global markets are expanding well yet you have middle classes that are burgeoning in braz

of g.e. jeff immelt now he's also known for heading jeanie that company that famously paid no taxes last year and which said u.s. jobs law adding them overseas under general watch now this was also at the chamber of commerce which is one of the largest business lobbies in washington and included there too were politicians now earlier i spoke with labor journalist mike elk and i first asked him what interest these folks all have in job creation. they keep as few workers employed as possible and keep them working as much as possible and for as little as possible that's looming these people have no real desire for humans they see human capital with merely another commodity not something that they really see any social value so i mean they don't have much interest in job creation but the they need one over the long run if they want to sell one of the products but i think increasingly what you're seeing in the u.s. is that a lot of companies feel that they don't have to invest in american or becau

you know there's been a g.e. generated coal actually it may be the cheapest fuel but it also releases the most carbon to the atmosphere as carbon dioxide beginning in earnest with the development of the steam badgett in the late seventy's and early eighty's hundreds humans began to hide and extract fossil carbon from lee earth's crust coal oil natural gas even in the absence of humans over some time period it would be uplifted and subject to erosion and we would not return to the atmosphere but those rates are tiny compared to the ability of humans to grow large machines to deliver a large quantities of this material so the surface will be yours where it is burned it will be used for generation of better doing. we have larger quitman that was introduced on surface mines about twenty five years ago carol washington which accounted for the the ability to recover coal seams that heretofore been on. the use of drag on stuff that mining seems that we're an economic it's. and even physically impossible. without the use

and less available to people actually businesses and so profitable anymore the ironic thing is that g.e. c.e.o. jeffrey immelt is moonlighting as the head of president obama's job creation council he's the guy in charge of trying to figure out how to create more jobs in the united states while his day job is as a c.e.o. who's boxing up his company in shipping it overseas dyer more foreign workers. so now that the headquarters is moving to china expect the factories in the workers to follow suit as one unnamed c.e.o. told told business columnist christa freeland earlier this year for her article the rise of the global elite if the transformation of the world economy lives for people in china and india out of poverty in the middle class and meanwhile drops one american out of the middle class that's not such a bad trade and c.e.o.'s are making that tradeoff every day in america so instead of manufacturing our medical equipment in the u.s. now we can just import it from foreign nations irene foreign workers producing foreign profits. but this isn't anything new x. ray machines will just be

. >> reporter: g.e. c.e.o. jeffrey immelt hoped that would be sooner rather than later. >> we need certainty about the debt ceiling and we need it now. >> reporter: while business complains about the uncertainty around the debt ceiling, there appears to be little sign of it in bond markets. price of u.s. treasury debt is actually rising, says i.s.i. group's andy laperriere. >> there's not a lot of evidence that the u.s. economy is paying a price for a lack of agreement on the debt ceiling. >> susie: darren joins us now live from our washington bureau. you know, darren, maybe one of the reasons that there isn't an agreement, the terms keep changing. last week there was talk about a big solution a grand bargain. now they're talking about a smaller solution. so which is it big or small? >> it looks like it's going to be small. but here's the weird thing. remember when $2 trillion was a lot of money? they're talking about that being the small deal now. and really it's about half of what we need. we need to get a $4

i had no idea what's -- what g.e. class as ore, and i was probably taking glasses that were not transferable. after my second semester, i decided i would come to city college, and i really learned a lot. i got introduced into the metro health academy program, which helped me get into a straight path way to -- pathway to sf state where i'm going to go in the fall. one thing that really helped me was school to college at balboa. i always knew i wanted to go to college. my parents did go to college, but they never got a degree, so they always wanted me to go for a higher education. >> go ahead. that is all right. thank you for joining us. >> when i was younger, i had to help my family working, and sometimes, i had to help them picking up cardboard and delivering newspapers. for me, it was kind of helping them in any way to survive in this city. every night, i had to go from 6:00 p.m. to 2:00 a.m. to pick up cardboard or deliver newspapers throughout san francisco, so i was frustrated and realized i did not want to do thi

market this liberalize that the reserve regulatory frame or there are markets or capacity and then are g.e. what we wish is to progress with this in making it more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me their investment obligations while foreigners increased their market share for mass on nine percent of capacity. but the commission seventy eight percent of new units generators are now asking regulators for predictability this year the russian government curbed price rises to fifteen percent would generate a sale lost the millions but that hasn't stopped the flaking off switches that you know political business our team that's our business of data for this hour but i'll be back with more in about forty five minutes from now. please. just simply. say. welcome back you're with aussie law from moscow a summary headlines suicide rates rise in japan as people struggle with the off. the earthquake disaster meanwhile the atomic watchdog says that radiation at the fukushima nuclear plant could

liberalize that there really is a regulatory framework there are markets all capacity the and then are g.e. what we wish is to progress with this in making it more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to meet the investment obligations while foreigners increased their market share for us on nine percent of capacity. but they commission seventy eight percent of new units generators are now asking regulators for predictability this year the russian government curbed price rises to fifteen percent we generate a sale lost the millions but that hasn't stopped the flaking off switches prime minister brazil started something new to the rate doesn't sell promising for you that build all the more in return for more gigawatts that's going to be a good business our team. from gigawatts to crude oil is trading near a two day after u.s. president warned the country's debt deadlock presents a damage to the u.s. economy and therefore the world's largest crude consumer may start demanding less world. reco

for about three presses put it this way lloyd your coke head company stores they are g.e. you lived near kochi if you work for them they don't want kitchens so miles of store. and one of the others all matters bad they still owed to company store you could just won't pay him. he made company money scrip overpriced it wasn't good it was company store as i got an updated script it's worth more today than it was. right. usually healthy though you could make more to dolls day right here zelda kept track. so use mail today held a check to. give you a hand call a stampede number of what you got your car loaded with somewhere on this car you would i want you checked it would be a meal drive or lead times i'd be a young boy back to states go he would pull a pickup or in here drop it off unhook piecemeal from it to the phone pulled it outside. all right now it really easy to love. who show you the law if you've got a water tank in a slot and. the little boy drip in your career about a. really good work. oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh o

for about three presses put it this way lloyd your coke head company stores they are g.e. you lived near kochi if you work for the and they do want to pitch in some miles of store. and one of the others all matters bad they still owed to company store you could pitch it won't pay him well. he made company money scrip don't price it wasn't good it was company store i got an updated script it's worth more to date it was made. all right. usually until the you know you could make more to dolls day right here sell the kit trick and which are so use middle today killed that chick to. give you a handful of these stamp you number of what you got your car loaded with cold somewhere on this car you die when you checked it and be a mule driver lead times i'd be go on board. in one state school he would pull you to cohen here drop it off unhook piecemeal from it come to the phone. right now it real easy to loud rock him if you cold who show your life you got a water tank in a slavic. know a little more drip in your career bud senior writer. and does a smear of good but it works pretty

is liberalize that the reserve regulatory for a market there are markets all capacity and then are g.e. what we wish is to progress with this in making it more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to meet their investments obligations while foreigners increased their market share for us on nine percent of capacity. but they commission seventy eight percent or for new units generators are now asking regulators for predictability this year the russian government current price rises to fifteen percent we generate a lot of the millions but that hasn't stopped the flaking off switches if you. are a team like in markets now with reading from marginally up that's despite u.s. presidents are warning the country's a dead deadlock threatens to damage the u.s. economy the world's largest crude consumers of games and emitted a new markets open flat no much of a direction either for things like point one percent of the axis down a notch which a bank profits be the expectations or u.b.s. is fell sho

is liberalize that the reason regulatory for a more credit our markets our capacity the and then are g.e. what we wish is to progress with these in making it more functioning russia open the power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me the investment obligations while foreigners increased their market share for a mess on nine percent of capacity. what the commission seventy eight percent of new units generators are now asking regulators for predicted billets in this year the russian government curbed price rises to fifteen percent we generate a sale lost the millions but that hasn't stopped the flaking off switches and tell me all the business are to. the next and also in the headlines with the region stay with us. twenty years ago largest country. but then. again it just. where did it take.

raster in germany some lead powers are being made burdens growing on the head of g.e. and moscow's readiness to do business. with your floor just called a really it's a brochure for you opportunities is the beach a bit different i get a local business in germany. time israeli commandos taking a verse ship carrying a pro palestinian activist to gaza will see another attempt to break the sea blockade of the region. a very warm welcome to you this is our see live from moscow now today's all afternoon t.v. in britain is a must see for most of the country as you put murdoch his son and the seized of former u.k. see the face angry and will make his life the trio's arriving a parliament answer questions of a phone hacking and police bribery claims of the now axed news of the world well and another grim twist to the story the whistleblower who exposed the news of the world of phone hacking scandal and. police are treating it as unexplained at this stage there's no evidence of anything suspicious the scandal has shaken the press politicians and police haven't already taken down

is liberalize that the reason regulatory frame or there are markets or capacity is the and then are g.e what we wish is to progress with this in making it more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me their investment obligations while foreigners increased their market share for a mess on nine percent of capacity. but the commission seventy eight percent of new units generators are now asking regulators for predictability this year the russian government curbed price rises to fifteen percent regenerate us he lost the millions but that hasn't stopped the flaking off switches if you let it go over business our team. is looking at the markets now and we start with crude oil and it's trading up to spying us president warning the country's debt deadlock friends to damage the u.s. economy the world's largest crude consumer. across asia stocks edging higher tokyo stocks on high with financials recouping their losses from the previous session it's a pretty financial group is adding three quar

banks foreign banks and corporations like g.e. and according to the report however there are two very important points here the fed provided conflict of interest waivers to employees and private contractors so they could keep investments the financial firms that they were bailing out they mentioned jamie dimon as benefiting from this clause that he sat on the board of the new york fed and bailed out j.p. morgan and then the of the investigation also revealed that the fed outsourced most of its emergency lending programs to private contractors many of which also were recipients of extremely low interest and then secret loans which jamie diamond dropped on his head as a kid or what i mean here's a guy who's given billions of dollars total exemption from accountability and then he loses that became a few more billion dollars he makes a few bucks ok that's true but compared to like a real player out there somebody like an oligarch in one of these other countries he's a pusher. helping the guy must be like to live you know you're right

for g.e. years ago.

businesses what we're trying to expand and grow jack welch is a lively respected businessman who used to run g.e. i was pointing this out. welch brags in his book about having invented outsourcing to india i don't i don't think because i don't think i would also have said we had bad thing i'm sorry i grew. it was about having invented outsourcing like i don't mean i don't think he did it but i disagree over there i g.'s i grant plenty look around he said look at all these people he's. also said he's a very bit of i don't know it wouldn't put my point is that i grew to ninety percent of the economists who say that outsourcing is healthy for economy comparative advantage is something that is good for trade is something that's going to create compromises on the table is president obama democrats want to raise taxes on businesses they want to republicans obviously don't and a great way to compromise is saying let's let's decrease the corporate tax rate close the loopholes and all increase revenues and then the net you didn't republicans actually don't end up raising taxes on business there is no net

gable two thirds of american corporations don't pay any taxes including the biggest one of the country g.e. that's a shame they are sheep they should be embarrassed for their but let me just answer the question what we we're going to us in the progressive caucus are going to the american people and we're saying lift up your voices let your congressmen know and women know where you're coming from let tell your story that's where we've had this speak out tour in the cities that are already michel because we want people to raise their voices and demand a better future republicans wrote in the congress of the majority because they said they would do something about jobs it's not for them to honor the commitment that could move in these to be honored in a need to be honored. all right congressman i want to thank you very much for joining us tonight unfortunately have to let you go i know you have a boat to get to but you know i hope that some of this comes to fruition but unfortunately these days it seems like having your voice heard is often too often tied to having a lot of money as well than

g.e. recently invested $60 million to create a global center of excellence for lamp manufacturing in ohio, an action that will double the number of jobs there. new innovation and energy efficiency has brought jobs to this country. this is not the time to repeal these standards. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from texas. mr. barton: before i yield to the gentlelady from tennessee, i point out that the light bulbs that my good friend mr. doyle just alluded to are five times to six times as expensive as the traditional incandescent light bulb and they're not manufactured, i think there's one facility in the united states, sylvania facility, that still makes light bulbs, the rest have moved overseas. with that, i yield three minutes to a member of the committee, mrs. blackburn of tennessee. the speaker pro tempore: the gentlelady is recognize for three minutes. mrs. blackburn: thank you, mr. chairman. thank you, madam speaker. i

lot of the people that are not paying those income taxes are some of the largest corporations like g.e. like apple well yes the corporate tax loopholes you're talking about you know i'm going to the opinion that though should be closed and i think that there's a fair way of doing that to where ever every corporation takes the same load and you don't have the corporations or for the high powered lawyers to get them out of taxes to do so i think that would be a fair thing the reality is a lot of companies aren't talking about that because that sons and daughter rabbit trail and you know a lot of them get paid by corporations the honest year but i do think that the reality is what they're saying is we need to cut and obama and democrats are not willing to talk about the well that's not true i mean they're cutting all eyes are talking about tax what they call revenues which is nothing but they are worthy of being increases then let let's bring you in here i mean they're putting a lot on the table here. it's not like i mean that here's the other argument here in washington is that democrats

that is a stunning thing especially from g.e.hairman sits on the president's council of job creation and innovation. >> no doubt you'll be talking about that on varney & company at 9:20 a.m. on fox business. i'll join you for the first hour. >> and the designated hitter rule, we'll get into that? it was a disaster for baseball. should never have happened. >> interesting, jack of all trades. >> ain't i just, baby? call me jack. >> all right, jack varney. see you later. he promised a prayer that no one would forget. >> lord, i want to thank you for my smoking hot wife! >> now, that pastor, is he taking some heat? some people think he made a joke out of god. oh, come on. his reaction when he joins us live. what wife wouldn't want to hear that? >> then, the shocker of the morning, chris matthews and dana perino agree on something involving president obama? and it's not flattering. dana here next.  [ male announcer get ready for e left lane. the volkswagen autobahn for all event is back. right now, get a great deal on ne

we'll get key reports on the housing market and also earnings from g.e., coca-cola, wells fargo and caterpillar> i'm carlos diaz of "showbiz tonight ". this week, casey anthony aftermath. the frenzy following her release from jail. plus, the end is here for "entourage." we'll talk to the stars from the hit hbo show. catch us at 11 p.m. eastern and pacific on hln. >> a.j. looks different. i wonder what he did. from the week ahead to news of the weird. nails as long as 26 inches. you're looking at mama jazz. she'll show you how she functions with them next. how does it do that? well, to get there, a lot of complicated engineering goes into every one. like variable valve timing and turbocharging, active front grille shutters that close at high speeds, and friction reducing -- oh, man, that is complicated. how about this -- cruze eco offers 42 miles per gallon. cool? ♪ ♪ ♪ something unexpected to the world of multigrain... taste. ♪ delicious pringles multigrain. ♪ with a variety of flavors. multigrain pops with pringles. personal pricing now on brakes. tell us what you want to pay. we do our best t

we'll get key reports on the housing market and also earnings from g.e., coca-cola, wells fargo and caterpillarshowbiz tonight ". this week, casey anthony aftermath. the frenzy following her release from jail. plus, the end is here for "entourage." we'll talk to the stars from the hit hbo show. catch us at 11 p.m. eastern and pacific on hln. >> a.j. looks different. i wonder what he did. from the week ahead to news of the weird. nails as long as 26 inches. you're looking at mama jazz. she'll show you how she functions with them next. naturals from purina cat chow. delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. a complete four-course seafood feast for $15. start with soup, then have salad and biscuits followed by 1 of 7 delicious entrees and finish with something sweet. all for just $15. ending soon, at red lobster. all for just $15. we believe doing the right thing never goes unnoticed. liberty mutual insurance. responsibility. what's your policy? discover customersl are getting five percent cashback bonus at the pump

and if you want to do something like that, if you want the g.e.'s of the world to pay their fair share, simplify the tax code. we need tax reform. that's something republicans have advocated for years. i'm curious as to whether bernie advocates that. but as long as we have such a complicated code, only the wealthy among us will have the resources to pay the accountants and lawyers, find every loophole, and come out not paying everything. host: next is pennsylvania. our caller is it ed, an independent. good morning, ed. caller: good morning. congressman walsh, if you started giving parts of your salary away, pretty soon you wouldn't have enough money left to be paying your bills. you'd end up in a deficit for the year. and if you kept doing that, giving away your salary, your money, ronald reagan had a concept call starve the beast. everybody should starve the beast. ronald reagan says the only way we can get at social security and medicare, destroy these programs, is to make the government debt so big that we can't pay for them. so he started empty

virginia and all around this great country would pay more in taxes than a fortune 500 country like g.e. which didn't pay a cent or billionaires like warren buffet -- the presidingfficer: the senator's time -- mr. manchin: democrats and republicans must work together to eliminate loopholes. and it's time to end the three wa that we have on which we're spending so much and the resources we can't afford and the lives we can't spare. mr. present, i say to all this is a time for us to come together as americans, to put our politics aside and dwhat is right for all of the future of this generation and for this country. thank you, i yield the floor. mr. reid: mr. president, i'm going to terminate my remarks very quickly. i want to say to my friend from west virginia, he's been a gat addition to the united states senate. we, of course, know he replaced e great, legendary robert byrd. the people of west virginia should be happy with the peformance of joe manchin. his executive experience as governor of the state of west virginia which had an impeccable record of surpluses every year he washere.