today over 300,000 businesses rely on g.e. the finances they need to help get the economy back on track. >> america renewal is happening right now. >> oh, they're all doing this for small business except in reality how do they get all those tax rebates? by buying the government officials who then give them an enormous advantage to big business so they can help crush small business. so how much do they do that? they spend $467 million on lobbying. they spent $41 million in actual political campaign contributions to buy those politicians. they--this is just the top 30 corporations we're talking about. they did such a thorough job that they gave money to 98% of the people in congress. 98% of current congress members receive "dirty 30" money. if you give $500 million to congressmen and you get $68 billion in return, that's an awesome return on investment. american politicians, the best investment there is. so now we want to bring in dan smith, the tax and budget associate at the u.s. public interest research group who looked at th

comcast is in the list with an interesting thing, g.e. uses to be and comcast now owns nbc and universal and they are among the top ... there they are. but time warner is there, too. interesting list. no doubt people that work in business are afraid of this president and his policies. >>neil: but some are hedging their bets. >>reporter: the bans are figuring, how much worse can it be unless gingrich or santorum wednesday, and where the banks say, okay, and i am coughing as i say this, this is no way they will win. we have to show more support to the president, but i don't see them even hedging that much with the president, they don't --. >>neil: but when it gets close to the election and it looks like the polls are showing the president will be re-elected will they say, all right, we don't want to be on the wrong side. >>reporter: i don't see that. the sentiment is so against the president, he bashed them and supported occupy wall street, and he has taxes galore aimed at them. i don't thing they will make that case. i don't. but who knows

you know they are the kind of government sponsored organizations that get taxpayer bailouts and g.e. the parent company of. c.m.d. c. got over one hundred eighty two and a half billion dollars in taxpayer bailouts and you know ron paul does not support bailouts and that's why you. know i kind of want to pull up an example of this this was a poll that was on c.n.n. where ron paul he was ranked the highest and best poll two percent so significantly higher than some of the other candidates there if you see all the way on the bottom there so that doesn't really seem to make much sense off the bat. what do you make of that and what else would this ever happen. only only when ron paul wins would the winner be listed at the bottom of the page and we saw much worse than that much more blatant attempts you know in almost all of the debates you know we would have a debate watching party and you would see that the way that the camera was framed they would put the other three candidates in the together and put ron paul off to the edge and the camera would frame on just the three candidates as if

they get, oil companies get the same tax credit that g.e. gets that apple gets.y are manufacturing tax credits. these are the same tax credit the president out thed in his own "state of the union" in january. so this is misleading. look at the oil company. he is bashing profits. who funds the welfare state? who do you think will pay for the exens piv programs? taxes -- expensive programs? the taxes that the oil companies already pay. they are one of the few triple-a rated companies left. a lot of people have retirement invested in the oil companies. if you hit oil company you hit the shareholders and the consumers. the shareholders are the mom and pop. their retirement. >> eric: and jobs, too. >> dana: the administration should be thanking them because it is the growth the economic growth they can look back on. driven by the energy companies in particular because of the technology for the fracking technology, the oil shale. they could be a major technological innovation. maybe one of the first of the person that invented the internet. i'm just kidding. the other

i mean, last week you were at g.e.,

each saw modest gains, while g.e. rose nearly 2%. turning now to the busy i.p.o. market, cloud-computer company demandware got off to a celestial start. demandware, ticker symbol d-w-r-e, surged nearly 50% today. it offered more than five million shares at a starting price of $16 apiece. demandware is the fifth cloud- based software firm to go public in the last few months. ma-com technology solutions, ticker symbol m-t-s-i, also went public today. the company makes semiconductors used in automotive navigation systems. the shares gained a more modest 8% from the i.p.o. price of $19. and finally tonight, csx was the biggest mover in the s&p 500. shares of the railroad giant jumped more than 8% to close at $21.92 after the company's c.f.o. predicted record first- quarter earnings. csx is considered an economic bellwether, and executives credited the improving economy for their upbeat forecast. another economic bellwether got a fresh start today as an i.p.o. allison transmission, ticker symbol a-l-s-n, began trading here at the big board. it's a new chapter for the c

now, you have to understand, this was okay for a speaker on the g.e. circuits to say. it was okay for a speaker at the republican national convention to say. it's okay to say in the rotary club. but for a president of the united states to say it at his first press conference, right there, setting the stage for diplomacy over the next eight years, that was awfully new. presuming that their government was illegitimate, you'd call the soviet union a "evil empire" and the focus of evil in the modern world, and you'd cry out, "mr. gorbachev, tear down this wall". all this stems from the unconventional mindset that reagan somehow adopted. similarly, reagan saw or felt the transforming nature of sdi. now, a lot of us thought strategic defense was very helpful. in fact, i had written an article for the heritage foundation policy review a year before the inauguration saying we should really go revive strategic defense. but we considered it not revolutionary but complementary to traditional deterrents. i was amazed in november of 1985 during the first summit between reagan and g

start with the russian premier league where a goose getting past a said his first defeat at the helm of g.e. after his new side lost at the hands of luck might save one nil right here in moscow philippic i said it came close to opening for the home side right before the interval but on g. keeper a blood smeared the bull health terms of parikh i said it was effort from close range and the ecuador striker should have scored soon after the restored but shot just inches high a blow for n.g.k. midway through the second hand defender of the country bekoff was stretchered off the field with a suspected concussion and for a clumsy tackle bites he made chris samba while that is difficult was in the thick of it for the committee throughout the match and his perseverance finally paid off as he nets of the only goal of the game after seventy three minutes i set a setting up this one while angy star striker samuel its all will miss their next game at home to combine after picking out one yellow courts in many commits iraq to third engineer remain in seventh. grade before advanced twice former champions

last time around, g.e. gave to president obama's campaign at a rate of 5-1.s time, they're actually giving to romney at a rate of 2-1. >> he's not even the nominee yet. >> so he's the jobs czar essentially and it turns out as a lifelong republican has reported to be, he thought he could get in there with president obama and moderate some of his views that are left leaning and also, he felt as though it's good for g.e. for him to be that close to the white house and who can argue with that philosophy but he's dismaid how president obama has moved far left after three years, not to the middle and he hates the class warfare talk. >> yeah, indeed. and in fact, his letter to the shareholders said "we live in a tough era in which the public discourse in general is negative. american companies particularly big companies are vilified when we need to work together to find a better way." >> of course, he is a life long republican, you know, but this made a lot of sense for g.e. if nothing else because obviously it's a company that's focused on green energy, energy in g

pakistan officials told g.e. they would have preferred the g.e. locomotives and willing to pay a premium for their high quality and dependability, but there was a complication. the bid for the chinese locomotive manufacturer including a financing package with longer terms and drastically reduced fees that g.e. could not match on its own with private sector financing, the export-import bank stepped in with the financing package that matched the chinese financing package and abled pakistan to make its decision on a true apples to apples comparison of america and chinese goods. we can win that one. we can win always when we have a level playing field. that's what the export-import bank does, it helps us compete. it's not just big businesses, g.e., boeing, but it also every office in the congress receives a letter once a month from the export-import bank telling you the companies that got that service in your district. nola fisheries, american wine trade, coastal environmental systems, international lubricants, all in my district received the business

versus the investments that he made most recently and and when he made investments in goldman sachs and g.e. that were literally on the fly and let me know due diligence and and i i know firsthand we look at these balance sheets these banks in zero seven zero eight they they were extremely opaque they were extremely loud bridge there was no way to know what was inside actually inside of a goldman sachs balance sheet or lehman brothers balance sheet or a bear stearns balance sheet what you knew is that they were heavily leveraged and and that they were leveraged to assets that were that were what are called level to level three opaque not priced in any normal way and so for a guy like buffett to just stroll in there and drop down five billion dollars that's that's not investing that's that's gaming it you know our heat up in yeah there where you think he was making a bet on crony capitalism he was betting that hank paulson at the treasury would be able to bail out of by anything called in fact for example. well the five billion dollars when i remember when he made that investment my reaction

morgan would be bankrupt too just like enron just like made all just like g.e. just like bear stearns just like lehman brothers it's a huge first in politics game but i still wear shorts and a p. morgan and make a fortune so speaking of j.p. morgan's inner circles max j.p. morgan offers peek into trading magic circle just staley is not going to be popular in wall street's trading brotherhood the head of j.p. morgan's investment bank has broken a code of silence by revealing how much the firm rakes in as a market maker staley has as he put it opened the commo know by revealing that interest rate swaps came at talk at twelve thousand dollars a pop trading loans are asset backed bonds brought in ten thousand dollars a time these amounts reflect illiquidity or the fact that trades are tailor made for clients and in both cases leaving the middle man with extra risk they only need one point five cents for executing a trade of a stock so if a client wanted to buy a stock they make no money but they made up to twelve thousand dollars for an interest rate swap and open t

on you know fox news c m b c m s n b c these corporations that are owned their parent companies like g.e. who has our nuclear energy contracts who you know they benefit a lot from people glued to their televisions in fear and i just want to ask you one more question there mary now that people are kind of changing their views and more seem to be more aligned with what ron paul has been saying this whole time i mean do you think it takes a tragedy something as awful as this massacre in afghanistan for people to come to this realization about the realities of war unfortunately lives this type of stuff happens all the time maybe just doesn't normally get as much press but you know it happened in iraq there was more than twenty four people a family that was shot up and the. consequences for those soldiers you know i don't think that i don't think that our leaders are being held accountable what happened the other day with sorry i'm switching topics here but for leon panetta to say that we don't need the congress to declare the war we need international authority that is not in accordance with

you can no longer have in candice and bulbs well at the time a bunch of folks from the gold market g.e. and others room westinghouse oh my god are you crazy people don't want these bulbs are forcing us to make bulbs for people don't want the trouble with these new bulbs that you want to the non even candice and bulbs as maybe they'll give off heat but they give us here unpleasant white light they can't be dimmed and they're expensive forget about it the government said too bad we're not going to tell you how to make bulbs we're going to say they can't be in candice and guess what three years later this year when it went into effect we've got a whole array of bulbs that can be dimmed that aren't harsh and white some of them are l.e.d. some of them are others but the fact is the industry has it that they're just like when the government said you have to make cars that get thirty or forty miles to the gallon the automobile industry said no it's impossible to get it can't do it and the government said sorry that's the law and guess what they're doing it and indeed they're selling a lot of

g.e. now expects litigation to deny payouts to clients or to delay payouts to clients after the landmark ruling and the bankruptcy of lehman brothers so in this ruling britain supreme court said that lehman's clients whose cash the u.s. investment bank had nixed with its own have the same rights as clients whose cash was segregated in a segregated account so this means effectively for m.f. global that if your money was in a segregated account you have exactly the same right to claim it as if you didn't this just blows my mind and gerald celente was once on our show telling us that his money was frozen in a segregated account as a result of this whole am of global he said it was to the tune of six figures i want to bring him back and just follow up with that notion of what we're talking about before the break because they're all just on a personal level do you think you're going to get your money back and how does that make you feel. oh it's wonderful i love i love my body being stalls i me

. >> so christopher, they're not as big tax evaders and g.e.nd other corporate looters. >> yes. >> fine, i concede that point. having said that they do get subsidies in the order of $4 billion to $7 billion a year. now the point is to encourage something that might not otherwise be profitable. but if you're literally running the most profitable companies in the world, you have 1 trillion-dollar of incentive. why should we give them subsidies. >> there is not much reason to give them tax loopholes at a time when they don't need it. i would go further and say oil companies, even though they're taxed relatively well could probably be taxed higher to compensate for the environmental damage that they cause. i've always been a fan of internalizing the cost of pollution. and that would argue for even tier tax rates. but we should be realistic and say that they do pay plenty of tax already. >> right, but i love that it% only compared to the other companies that avoid their companies so well that they're like, oh, my god, i have to pay tax, celebration

if he were managing a private company he would be out thereof unless it were g.e. which they don't care about. >> how about the automotive industry? >> let's remember the situation that president obama inherited. >> bill: oh stop, he has had three years and trillions of dollars of investment and nothing to show for it? >> that is not true. we. >> bill: that was bailout. >> great investment for our country. >> a loan paid back dividends. >> bill: i don't have any beef with that. >> tell that to the million auto workers that have jobs. it wasn't a bailout. it was a lifeline for an important industry in this country. >> bill: i am going to oppose paying more of my tax money to a government that mismanages it. i don't mind paying it, all right, because i want to pay my fair share and i love my country. this thing is mismanaged. that's what we are talking about. all right. we appreciate you guys coming and taking the fire. next on the run down, laura ingraham will predict what's going to happen on super tuesday. it should be interesting. and then rick santorum is going

. >> while serving time, haynesworth earned his g.e. studied auto mechanics, welding, and masonry. they concluded last year he was mistakenly identified by a rape victim. >>> virginia lawmakers will meet again today to try to reach a deal. t they say that have made negotiations. it ended earlier this month. the current budget expires at the end of june. state agencies would shut down and many state workers would be furloughed if a deal is not reached by then. >>> well, you may soon have to wear a helmet to ride a motor school in maryland. the measure also requires protective eye ware if the schooler does not have a wind screen and a title and registration for all scooters or mopeds regardless of the side of the engine. a similar bill was considered last year. right now you don't need a license or a helmet >> if you're driving in d.c., you probably want to wear one. >> absolutely, to be on the safe side. >> let's check on the forecast. a lot of people are having time outside with their scooters and bikes and motorcycles and whatever else

spotlighted the general electric corporation which at the time owned nbc and aggressively reported g.e.'s irresponsible position involving hate speech. but, we never threatened anyone. in fact only time i mentioned boycott was when france was active liz aiding saddam hussein. in the ludicrous pepsi situation, if you may remember, i simply say i would not buy pep sismt the marketplace should dick tase these controversies. it usually does. msnbc has few viewers. last month it ranked 26 among all cable networks in prime time. far more successful is rush limbaugh but his program has lost scores of sponsors who objected to his comments about sandra fluke. however, that posture cuts both ways. i'm sure many of mr. limbaugh's listeners are angry at those sponsors for bailing out o. the entire boycott movement is garbage. the far left threatening sponsors who advertise on programs they don't like is flat out unamerican. so i believe that the media research center is making a mistake sinking to that level. we sometimes use some of mrc's facts and they have always been reliable. mrc is a good so

buy caterpillar products; we're not going to take in john deere products; we're not going to take in g.e. products"? >> the only trade war that's going on is being waged on us. and when you don't hold people accountable for playing by the rules they agreed to, that have access to your market, you're basically saying anything goes. that's garbage. that's baloney. and the american people won't stand for it. >> the "buy american" provision in the 2009 economic stimulus package requires the use of american-made steel unless that violates u.s. trade agreements. so steel from canada and europe can be used, but steel from major competitors china and russia is locked out. coming up, the new breed of american worker. >> some of them are the greatest generation. they're more hardworking. they have these tools to get things done. they're enormously clever and resourceful. some of the others are absolutely incorrigible. it's their way or the highway. the rest of us are old, redundant, should be retired. how dare we come in? anyone over 30 not only can't be trusted, can't be counted upon to be sort o

ken abbott has worked for shell and g.e., and in 2008 he was hired by bp to manage thousands of engineeringatlantis platform. >> they serve as blueprints and also as a operator manual, if you will, on how to make this thing work, and more importantly, how to shut it down in an emergency. >> but abbott says that he found that 89% of those critical drawings had not been inspected and approved by bp engineers. even worse, he says 95% of the underwater welding plans had never been approved either. are these welding procedures supposed to be approved in the paperwork before the welds are done? >> absolutely. yeah. they're critical. >> critical? >> critical. >> abbott's charges are backed up by bp internal emails. in 2008, bp manager barry duff wrote that the lack of approved drawings could result in... duff called the practice fundamentally wrong. >> i've never seen this kind of attitude where, you know, safety doesn't seem to matter, and when you complain of a problem like barry did and like i did and try to fix it, you're just criticized and pushed aside. >> ken abbott was laid off. he took hi