g.m. chrysler ford good you and firestone all establishing factory in south los angeles . and we're going to factory you got benefits you could buy a house you could buy a car you could raise a family you could live a working class a lower middle class life. it was a moment of unprecedented black prosperity in which the trajectory of black america was on the rise people were getting jobs were buying homes were buying cars sending their kids to colleges it was a moment of real optimism. in the late one nine hundred fifty s. you begin to get the first. wave of what came to be called the industrialization. the american economy is changing we're moving from one of those really commie to an economy based on service based on information rooted in technology that is its high skilled high wage training on one very low skilled sweatshop labor another. lacks find their skills don't fit into either those demands. they don't have the education for the skill with the training because of historic discrimination to work in aerospace. on the other hand they don't feel any desire or need t

g.m. sales up to government were up 79% but how does that contribute as far as overall sales? guest: fleet sales are still important for g.m., ford and chrysler and toyota. they can make up to a third of total sales. in the past, sales were seen as a pressure release valve. there were considered unprofitable sales. there were considered a way to keep a factory running. and the costlout's of the past couple years, that you changed a bit. -- view changed a bit. the companies do not have nearly as much unused factory capacity. the sales are seen as not as much of a burden as they once were. host: what is it looking like, employment was, within these major companies? guest: the auto industry added 4000 manufacturing jobs. it is not up to nearly word was before the crash of 2008. there is a chance for extended employment. you cannot get to the sales figures they're expecting without bringing in deductions. that has affected parts suppliers through the rest of the food chain. autoworkers are worried about the same things the rest of us .re that is a worry about who is going to be buying cars, and a worry for everybody about how it is going to affec

chrysler had the best year among detroit's car makers, with sales jumping 21%. g.m rose 3.7%, and forded up 5%. toyota's 2012 sales rose a whopping 27%, and volkswagen dominated the european carmakers with a gain of 35%. wall street's new year rally didn't last long. the dow jones industrial average lost 21 points to close at 13,391. the nasdaq fell 11 points to close at 3100. those are some of the day's major stories. now, back to jeff. >> brown: from one cliff to the next: where do we go from here? to look at the economic consquences of the deal reached this week, we're joined by: maya macguineas, president of the committee for a responsible federal budget at the new america foundation. she serves on the campaign to fix the debt, a group pushing congresso reac a boad deicit deal. doug holtz-eakin served on the council of economic advisers under george w. bush and as adviser to john mccain's presidential campaign. he's now president of the american action forum, a policy think tank. and robert reich served as bill clinton's secretary of labor. he's now professor of public policy at th

chrysler had the best year among detroit's car makers, with sales jumping 21%. g.m rose 3.7%, and ford up 5%. toyota's 2012 sales rose a whopping 27 percent, and volkswagen dominated the european carmakers with a gain of 35%. wall street's new year rally didn't last long. the dow jones industrial average lost 21 points to close at 13391. the nasdaq fell 11 points to close at 3100. those are some of the day's major stories. now, back to jeff. >> brown: from one cliff to the next: where do we go from here? to look at the economic consquences of the deal reached this week, we're joined by: maya macguineas, president of the committee for a responsible federal budget at the new america foundation. she serves on the campaign to fix the debt, a group pushing congress to reach a broad deficit deal. doug holtz-eakin served on the council of economic advisers under george w. bush and as adviser to john mccain's presidential campaign. he's now president of the american action forum, a policy think tank. and robert reich served as bill clinton's secretary of labor. he's now professor of public pol

chrysler the smallest american auto maker led the way with 21% jump in sales over 2011. ford up 5%. g.m. up about 4. and a research form reports american auto sales are on pace to be even stronger this year. the german auto maker volts wagon reported best four year sale in the u.s. since 173. while toyota posted 27% sale flurry of recalls two years after earthquake and tsunami rocked some of its factories. a late holiday spending surge boosting u.s. retailers in december. major stores reporting an unexpected increase in sales. the numbers show americans spent consciously one reports 20 retailers reported an average 4.5% increase from a year ago. the labor department reports new unemployment claims rose last week a spike that is likely skewed because of the holidays, weekly applications jumped by 10,000 to it a total of 372,000. the feds had to estimate claims in several states where governments were closed for the holidays. that means the department likely will revise those numbers later. a sluggish day on wall street not doing much for 401(k). the s&p lost three points. this comes one