jamie dimon can print this money without having to answer to any laws whatsoever why shouldn't general electric why shouldn't exxon why should these companies apple computer do the exact same thing of no is going to enforce the law what incentive is there for any of these corporations to abate a law there is no one because there's no justice department there's no leadership so that's a very good analogy to the tape worm because the tape worm lives inside you and you don't feel sick you don't feel ill nothing seems bad on the surface but underneath they're actually taking all the nutrients that you require to actually build over the long term to to live over the long term so with these tape we're like the day we die when esme so eloquently demonstrate. you know the economy is becoming sicker and sicker and sicker until it just drop dead one day that's right you walk on the streets of new york people are like oh i don't feel good oh i feel very sick i'm not sure what it is they have jamie tate warming they've got jamie tapeworm centrum their entire lives are being eaten out from inside by this greedy

why not try to do better? >> jeff immelt is the ceo of general electric and one of the country's most important business leaders. now he may have an even more important title, jobs czar. immelt, a republican, was recruited by president obama to help generate ideas about creating jobs. >> if you just looked at how many hours a day do republicans spend on job creation, do democrats spend on job creation, does the white house, it's nowhere close to 100%. we're not spending enough time on jobs. >> you know, the economists say that the recession's over. >> really? they should come to newton, iowa. [chuckles] >> and this is what they would see in newton, iowa: a maytag plant, where 2,500 people worked, now abandoned. this was the chrysler dealer, the chevy dealer, the tractor supply company. it helps explain why there is so much anger in the land. >> i'm sick and tired of people going to congress and washington, d.c., and making a living out of it while we starve to death. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a c

if you knew the fed really was going to stay until 2014 why wouldn't you buy at&t and general electricizon and pfizer. why wouldn't you put your money there at 10 and 11 times earnings instead of sitting in a money market yielding less than 1%. why wouldn't you do that? i think people thought rates would go up. now we're back they aren't. >> think it's that. we at pimco believe the fed will keep rates low until the end of 2014 maybe longer. but there's a major risk underlying the global economy. people were shocked by the financial crisis of 2008. that leaves scars with investors especially retail investors and institutions that can last for many years. a lot of people are still gun shy because they say -- >> why weren't you being those stocks for the last year and a half? >> we are. we're managing our global equity is growing. we're man hagging $5.5 billion. we're buying global equities around the world built we're cautious because we know the european risks are still there. the u.s. economy is beholding to the federal reserve. asia is slowing. oil price risks -- >> 12% is a big year

is this place general electric american bombs well how they get the money to make them and who's giving it and why to protect us from. these are all questions that somebody like obama should butt out. it just didn't happen. it was designed. and those bases just came along by you know some terrible cancer. when you see how much money is at stake in in the operations that go on every day it's phenomenal the number of flights to take off from kadena air force base every single day involved just that one base in that one country on one day one have been fault thousands of gallons of jet fuel. repair and maintenance and parts for those aircraft the rationale for these bases is that they're continually practicing and training and using the equipment and and running the personnel through their paces and and feeding them and and so on and that is an incredibly expensive operation this is what. president eisenhower was warning against in his farewell address in one thousand nine hundred sixty one where he invented the phrase military industrial complex meaning hidden power power that was not really under t

why? well, americans have never had a greater variety of fuel- efficient cars to choose from: hybrids, electric vehicles, clean diesel. general motors, which several years ago was pitching hummers, in march sold 100,000 cars that got more than 30 miles per gallon. with each passing day, the american driver is more insulated from higher gas prices. and that's true for the economy at large. the energy department says gasoline demand this summer is likely to fall to 8.8 million barrels per day-- that's the lowest it has been since 2001. we may have a problem with slowing growth this year, but high gas costs won't be the reason. i'm daniel gross. >> susie: and finally tonight, a milestone for lower manhattan as the freedom tower rises to new heights. the tower at one world trade center surpassed the empire state building as manhattan's tallest sky scraper, rising above 1,250 feet today. when completed in 2015, the tower will be nearly 1,800 feet high with 104 stories, making it the tallest building in the u.s. and one of the tallest in world. tom, it's quite the comeback. >> and before we leave and sign off for tonight, i hope ou

general election. >> we'll see you tomorrow. in the studio now -- >> i'm right here. coming up at 6:00, they're supposed to give more accurate readings on how much electricity we use. a look at why some customers love them but others are against the smart meters. >>> how one local woman is turning her hearing loss into a dream come true. if you have copd like i do, you know how hard it can be to breathe and what that feels like. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open a full 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. and it's steroid-free. spiriva does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothin