much bigger payments from general motors in order to deliver the parts.point, they were willing to force general motors to go into liquidation. they didn't invest that much, and to get this unbelievable, really i would call it, immoral return, they held up general motors, said if you don't pay us these extra costs then we're not going to deliver the parts. without steering columns and brakes and other parts you can't build a car. >> that, of course, would have halted the automobile rescue and the progress we have seen today. so, in other words, it was after general motors, the automobile industry, got this bailout money, or this loan money, and this is when delphi went to work and this is where mitt romney profited. do i have that correct? >> that's right. that's exactly right. and then cost the taxpayer more money by what he did. >> okay. and now his campaign, as he continues to double down with radio and television ads saying that, you know, he's taking credit for the automobile loan program that actually saved the industry. and i need your reaction bec

and general motors. that made their shares worth billions so that the three billionaires in the hedge fund made $4.2 billion romney personally made our best estimate, and again today he confirms a profit and he hasn't confirmed a number, $150 million into the end romney so-called blind trust. now, that is the last chapter of the book. you have got to read the whole extra comic book. it turned out to be a fun book because the corrosion of our democracy is purchased in sale, shipped off to china, is really quite humorous to be written whole thing and i want to thank bobby kennedy jr.. robert kennedy jr. for writing to important chapters in the book including the takeover, the hostel takeover of america and the good chapter on ballot staff. there are nine ways -- though one of the subtitles is how to steal an election in 9 easy steps and we take you through you. i want to give you some numbers. don't take it down, just get the book. all proceeds are nonprofit. it's official, in 208,750 and 50,023 provisions

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in general motors it did almost 8 billion in china alone. so what does fields and ford need 20 do in china in the years ahead? >> well, you're right. they do need to make some headway in china. and i think that may be part of the reason that mullally ll stay on the next coupleay of years. in the conference call he said he's taking a look at the global picture. he is going to be work on fo's global strategy. sow may want to get china in line before he hands's over the reins to someone else, prumentably mark fields. >> tom: finally, any impact yet for november auto sales when it comes to sandy and the northeast? talking-- as lot of their dealerships in those areas are impacted. chrysler said 100 of its dealerships are impacted. gm says half of t dealershipsn new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but theyhihink actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a ca

we want general motors to be profitable.nd these are all good things, not bad things, from the standpoint of the american taxpayer and the american citizens. >> and i own a wrangle ler. my daughter owns a wrangler. they're great cars. thank you very much, bill blasick of "the new york times." and steve rattner, the car czar. >>> up next, much more on the aftermath of hurricane sandy and the devastation it caused along the eastern seaboard. there's some more flooding pictures. that's hoboken, i think. this is "hardball," the place for politics. hat last tide comml with the parents and the cute little baby triplets... well wait until your triplets move back home after college. we were enjoying our empty nest. and now it's just a nest full of laundry. lucky underwear. we were going through so much of that bargain detergent... and the clothes didn't look as good. but since we switched to tide, we use much less. their clothes are looking much more...uh... what's the word? clean? employable. [ female announcer ] one cap of tide gi

general motors' unveils its newest all-electric chevy spark. >> susie: and what would you do if you won powerball? some advice tonight on how to handle winning $550 million. >> tom: that and more tonight on "n.b.r." >> susie: a parade of business leaders in washington today to persuade president obama and congress to avoid the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the speaker dismissed a call from a fellow republic

in mexico, general motors paid $7 an hour total comp, in china $4.50, in india, $4. same company. and the productivity in mexico today is at least as high as it is in the u.s., some gm people would tell you higher. productivity in china is certainly higher, i've been to shanghai, it looks exactly like the plant in michigan. they don't export here at the moment, but that may change someday. so what you see happening is this relentless pressure on our wages because if we want the save the job -- it's really this huge conundrum which is that we can save the jobs, but at what price in and the price is wages. so today when general motor hires most of its new workers, they get paid $15 an hour plus or minus, about the same in benefits, that's $30,000 a year. those are not great middle class jobs, those are lower middle class jobs at best. volkswagen opened a big plant in chattanooga a couple years ago, 2,000 jobs. their first plant in the u.s. since pennsylvania 30 years ago that didn't work out perfectly. and they got a luge number of -- huge number of incentives from the state and the

they said, even general motors rebuked him.was a kid and i got my hand caught in a cookie jar, my face turned red. i took my hand out of the cookie jar, not gov. romney. he is looking for more cookies. [laughter] when general motors and chrysler jeep all said this is bull, he then said because fiat owns with a controlling interest in china, -- in chrysler that the president had worked with the italians to move jobs to china. he said they moved it to china. he is now going after the italians. it is the irish is next i am told. -- if the irish are next, i am test. -- i am ttoast. [laughter] after every single reputable authority said this is a false charge, he put it on television and doubled down and cut more money behind it. -- and put more money behind it. he believes a middle-class people are so scared about their jobs and so uninformed of it will buy any line that they see on television. i think they and you are smarter. i think barack obama will be elected president. [cheers and applause] finally and most important,i am for

take a look at shares of general motors in the last year. if you were a gm investor in the last year, up 24%. a lot of people talk about gm ought to learn what they are doing at tesla, tesla leading the way with electric cars. gm versus tesla, no comparison, gm up 24%, tesla up just 1.4%. as i said at the beginning of this report, you will see more electric vehicles coming from general motors the next couple of years. tomorrow morning, first on cnbc, "squawk on the street," talking with mark roy, the head of gm north america, not only about the spark ev, tyler, but gm doubling down on electric and extended range electric vehicles, believe this is the market to be in the years to come. >> what do they base that an awful lot of taxpayers still with a stake in that company would be skeptical saying why are you doubling down on a car -- technology so far done nothing but louz money? >> their belief is that in the long run, it will pay off. you bring up a good point, tyler. going to be a lot of people who look at this and say listen, the vol has

general motors does the same thing. this is not news. >> this shows you, ali, that auto making and making things is in the dna of modern america. it also shows that you if you can make a message, spin a web ad based on the fears of manufacturing and auto manufacturing in particular, it resonates in america. it's what we defined ourselves by for, you know, since world war ii. it's a message that clearly the romney campaign thinks is going to work for them. otherwise, they wonlts uldn't b doing it. this whole idea about detroit and the bailout, this is -- this has been something that has been torturous for both campaigns from the very beginning. and it's not something that anybody wanted. remember, the financial crisis happened -- the financial crisis happened and the auto bailout happened, you know, started by president bush and pushed and followed through by president obama. this is something that funneledmefunnele fundamentally bothers a lot of people. the american auto industry almost went out of business. that's some

general motors is driving in a big ole pile of crash. a line of credit this week, you try applying for that. and fueling speculation maybe the government is getting ready to you dump its gm shares and dump a huge loss and taxpayers. gm shares currently trading around $25. and the sale needs to be $53 for us to break even. then you say that gm should take that line of credit and help pay back taxpayers, something like this. >> gm wouldn't exist or not be here at least in the present form except for taxpayers, why shouldn't we get paid back? we're lenders and should get paid back first, and paid back before everybody else. >> neil: charles payne? >> you know, i agree with ben. the bottom line, they are reconvinced the american public that the bailout worked, but people should get something to show for it. we haven't gotten anything. >> adam. >> i totally disagree. we've got a very good return on the investment in form of the jobs that gm and customers have right now. and it's been a good investment, if not a good financial investment. >> n

general motors' balance sheet is a whole lot stronger today. gm now has $11 billion in credit lines. meanwhile, the auto bailout that put the automaker on the road to recovery has come into play this election season, most recently with republican presidential candidate mitt romney suggesting chrysler would move jeep production to china, followed by the ceo of chrysler sayng jeep production will stay put in the u.s.a. more veterans are fighting for jobs in congress. a study by george washington university finds that more veterans are running in "winnable races" within their congressional districts. 107 veterans are on the ballot in today's election. the majority are running for re-election; however, depending on the vote, new names on the ballot could push the number of veterans in congress to the highest level since 1980. retailers are hinting at strong numbers this holiday season. a new survey from bdo usa shows retailers are the most optimistic they've been in 5 years. the flurry of new tablets and other gadgets coming onto the market in time

steel, general motors, not a place to train doctors and nurses. these guys come in the middle managers, they would not know how to start an electronic device company. for their whole life they have been trying to find opportunity. one gentleman built more skyscrapers than any other good at that time. in the city of new york. he declared that he was certain that 1930 would be the greatest of all building yours. he died very poor. [laughter] now, of course, not everything about the city is rosy. the same urban proximity that enables people to communicate ideas with one another also enables us to communicate other things with one another. over the course of history, cities have been grappling with contagious disease and congestive and this is a map of death rates in new york from today. today, life expectancy is three years longer than the national average. we don't understand fully why cities like boston and new york are healthier and lower density areas. among older people, some people credit into social connection. we have no statistics to prove i

of course, general motors is as well. spending big bucks actually to promote the chevy volt. maybe you've seen the commercials. >> over the course of the year the average driver goes around 15,000 miles. the average new car has a fuel economy of about 23 miles per gallon and if gas costs $3.56 per gallon, you would spend $2,320 every year on fuel. now, let's say your new car is a volt. in addition to gas you're also running on electricity which costs about 12 cents per kilowatt hour. over the course of a year, the combined fuel cost for a volt is just $950. so in five years, you can save up to $6,850. >> jennifer: i love all of that. despite though the savings, many of the potential buyers are understandably scared off by the sticker price of electric vehicles. electric vehicles are also known as evs. so a new volt, even with a $7500 tax break which is still in effect that will still cost you nearly $32,000. and a comparable chevy cruze which runs on gas costs about $17,000. the difference of course being the battery. the initial cost though isn't the only reason that evs the

i grew up in this business and it wasn't just general motors and chrysler. reason that all the german and japanese companies that make cars in america who didn't get a penny out of this deal were for the automobile restructuring. they knew if general motors quit buying parts, the parts manufacturers would go down and they were toast. it's another example of we're all in this together, it works better than you're on your own. barack obama made the right decision and his opponent was wrong. [ cheers and applause ] >> and, in an unbelievable attempt to distract the voters of ohio where one in eight jobs depends on the car business, he accused the president of allowing jeep to move jobs to china. i have to tell you. i took that personally because the jeep plan to lead ohio was open when ifgs president. i remember how hard it was to get it there and the work we did in the white house to get it there. i know that they are expanding that plant, hiring more people, taking on new production lengths. and, first, jeep said it wasn't so. then chrysler said governor romn

is charter to this day in delaware general motors could buy delaware in a weekend of dupont was willing to settle or ok so this is just taken some one hundred years ago was a heidi's you didn't get through congress and say look we got to rewrite the compact between these giant corporations strip them of constitutional personhood and put the people in charge and others subordinate the sovereignty of corporations to the sovereignty of we the people which is by the way there isn't a single word corporation or company. in our constitution absolutely are they ruling as they are right which brings us to we the people do chapter eight in your new book ralph nader restore our civil liberties yes well this is a huge violation people are being arrested without charges massive surveillance it's illegal without judicial approval under both bush and and obama were seen drones killing people on suspicion all over the world where the president makes the decisions every tuesday it's called terror tuesday makes a decision with his advisors he decides who lives and who dies he becomes the prosecu

general motors with a -- in china. intjudge napolitano, during the bailout, it was never sold with one thing gm would do is open a plan in china, and hire workers in china. >> when government gives you money and is silence on something like going to china, you can go to china, bottom line is gm can go to china. neil: if this was a possibility, do you think it would have been approved? >> no, no, not by congress, and if approved by tim geithner, congress would have interceded. this is the third rail gm would use, i don't know if they are using federal dole a dollars. probably people who loaned it to federal government when they gave it to gm. >> bondholders, -- >> oh,. neil: they move to the back of the line. >> would you pardon the phrase, they broke the law legally, persuading akin federal bankrupy judge to disallow 200 years of precedent. the night that supreme court was called into a emergency secret session to decide whether or not they would intercede with gm bankruptcy, they had one night to get involved. the vot

general motors alone had shed massive amounts of-ing jobs. the united states has lost 50,000 factories in communities all across the country. but today the picture may not be quite as bleak of. chrysler amountainsed it is -- announce today isada adding 1,250 jobs in michigan after the rescue of the autoindustry and are starting to see a bit of resurgence in manufacturing. the next guest believes it is on the upswing. he is the author of the new book entrepreneurial nation. ro khann a thank you for joining us. >> thank you for having me. >> you you are an optimist about manufacturing? >> i am. some of the trends are promising, the rising wages and abundance of gas in the united states and ceos are learning it doesn't make sense to separate design from production. >> i agree that people need to see a product as it comes off the assemly line. >> you have been saying this for many years now the business community is realizing it makes economic sense to have that intgrated. >> we have seen an upswing. before 2010 we had a mind set in had this coun

general motors, chrysler. the list goes on and on.t is when union membership has hit another record low this year. they organize these companies and they make them uncompetitive. they make them less flexible. the companies go ut of business. gerri: he made that point earlier. this is the biggest workforce in the country. some 1 million workers, they want to be unionized. is it possible to just the opposite is happening now? we got a long-term trend of decline in membership, now unions are starting to gain ascendancy? >> it's hard to say. that is out of a workforce that is out of the million workers. 160 or so workers, those who want a union, yes, there is a reason why they have lost every election they he had. they can't find one store where there is a majority of wal-mart employees that want to join the union. you look at hostess, it's not hard to see why not. gerri: interesting. have a great weekend. james, always a pleasure to have you on the show. a lot more to come, including another taxpayer bailout on the horizon. this time, th

for folks on a budget, general motors is trying something different. >> the chevy spark, so-called city car that gets 38 miles per gallon on its gas engine for $13,000. it has a touch screen designedded with one audience in mine. >> young urbanites. their first new. >> buying their first place, purchasing their first new vehicle. >> to keep the price down, general motors left out a lot of the fancy electronics. this system uses your smartphone as its brain. >> all of its working on the smart phone. the minute i unplug my phone it's no longer going to be displayed. >> the all-electric spark is due out next year. abc-7 news. >> ama: now to the science of love. there's a new type of singles event. some say it stinks and others say the nose knows. sickles attended a pheromone party last night. participants had mixed results but experts claim a person's smell could be the deciding factor in people's relationship chemistry. >> the pheromone can evoke an emotional response which has a huge knoll our bond organize attachment to another person. >> i like the idea. it's like love at first sight b

bailed out general motors now planning a billion dollar joint venture in china.rew napolitano whether washington is breaking a legal contract when it does something like that. during the bailout it was never sold as a one of the things that gm could do to would be expand in china and hire workers in china. >> when the government gives you money and attaches strings, you have to comply with the strings. when the government gives you money and is silent on something going to china you can go to china. bottom line, fm can spend the money in china. neil: if this was presented this was a possibility you think it would have been approved?ty, do you think it would have been approved? >> no, no, not by congress, and if approved by tim geithner, congress would have interceded. this is the third rail gm would use, i don't know if they are using federal dole a for gm to receive billions in taxpayer dollars or money borrowed in their name, loaned to the federal government to gm. neil: we broke all sorts of corporate law. bondholders. they move it back of the line. >> they br