gm is evolving as we speak. new management, changing the product structure, and trying to retain that humility was long in coming it doesn't come overnight and i think it's important for them to remember what almost happened. i think to be conservative on some things going forward. >> host: the position as the world's largest automaker. >> guest: it's amazing isn't it. people thought it was gone forever and toyota would be the biggest company in the industry going forward and gm is back on top. i don't think the size is as important to their success has focused and to continue to improve their products. i think the most telling affect about gm's rebirth is the number one selling passenger car in the country today is the chevrolet cruce, a small car from general motors. >> host: sounds great. we've been talking with bill vlasic, the author of once upon a car. enjoy your book and certainly enjoyed visiting with you. >> guest: thank you very much. appreciate it. ..

gm is back on top. i don't think size is quite as important to their success as focus, and to continue to improve their products and i think the most telling effective gm's rebirth is the number one selling passenger car in the country today is the chevrolet cruise, a small car from general motors. >> host: we have been talking with bill vlasic who is the author of "once upon a car." i enjoyed your book and i certainly enjoyed visiting with you. >> guest: thank you very much. i appreciate it. >> that was "after words" but tv signature program in which authors of the latest nonfiction books are interview by journalist policymakers and others familiar with their material. "after words" airs every week and am booktv at 10:00 p.m. on saturday, 12 and 9:00 p.m. on sunday and 12:00 a.m. on monday. you can also watch "after words" on line. go to booktv.org and click on "after words" in the tv series list on the up or right side of the page. ..

gm is evolving as we speak.new management, changing their product structure, and trying to retain that humility that was long and coming. it didn't come overnight, and i think it's important for them to remember what almost happened. i think they'll be conservative on some things going forward, and chrysler -- >> host: they'll regain their position as the world's largest auto maker almost as surely this year. >> guest: yeah, and it's amazing, isn't it? people thought that that was done forever, and toyota would be the biggest company in the industry going forward, and gm is back on top. i don't think size is quite as important to their success as focus, and to continue to improve their products, i think the most telling effect about gm's rebirth is the number one selling passenger car in the country today is the chevrolet cruise, a small car from general moe tars. >> host: sounds great. we've been talking with the author of "once upon a car," and, bill, i've enjoyed your book and talking with you. >> guest: grea

it is now known as gm-career.er it was the engineers from gm desk correa who helped make the chevy sonic possible and the collaboration with the company helped save this plant and these 1750 jobs. i larger scale, the closer economic ties between the united states and korea will lead to more jobs, more opportunity for both nations. already -- [applause] by the way, it is not just in the auto industry. this is creating jobs here in michigan with lg planning to make lithium and ion batteries at home. and a undyed manufacturing suspension in detroit. mando is opening a new research center for breaks. in korea, american businesses will be pursuing those same investments and opportunities. it is truly a win-win for everybody involved. i just want to say thank-you to president lee for his cooperation and for his leadership. i want to thank the members of congress who fought so hard to get this done, especially the delegation from this state. i want to especially thank the people of detroit for proving that despite all th

but gm and chrysler have to remember. cono more autobail outs.ublicans are going to block it. i am sure ford did because they never took the bail in the first place . no more candy from uncle sam. >> our informers have funds that keep you safe. bring your pen and paper. p >> when the markets look turbulent. safe is good and utilits. >> i like utilits . companies in the area they are to return. - reform. >> morgan, how can someone so boyient recommend that. the utilities and i like the s&p 500 and rsp. renounce squarity pants. most of the time you buy on the s&p 500 you get the spy. but this rsp did 12 percent. it is cheaper. >> i could beat that. for me is 12.1 four percent with a balance fund. >>> and morgan over a 12 month period. do you like it? >> i do. it is very safe but there are better way to see bigger urns. utilities. >> thanks, gang. >> that's it for foshes on fox. have a wonderful weekend. thank you for watching. the strongest block continues with charil casone

gm is back in the driver's seat heading towards a more profitable future. >> and the president of gmr bankruptcy in 2009, it expanded its chinese operation by 70%. he attributes that to helping the company get back on its feet. >> you mentioned how they're expanding operations in china. there's always a concern here about jobs moving from the u.s. to china. is there a a concern that jobs from the u.s. could be leaving and end up over there? >> it's a concern i had going on this trip. and i asked the president of general motors china if that was going to happen. he said to me they like to produce cars in the markets where those cars are being sold. so as of now, he told me, explicitly, that there are no plans to move jobs from the united states to china. but that said, with the electric vehicle production and development taking place there, it's certainly something that might make sense down the road just from a business standpoint, but not something they're planning on. >> how about asides from gm, any american car companies doing business in china? >> gm was first in that market bac

gm sold more than 200,000 of them last year. grow, that doesn't necessarily mean more jobs will be created at home in the united states. >> our philosophy is we largely build where we sell. so where you have excellent production facilities in the u.s. and in europe and in china, in korea, we don't try and ship into those countries on our normal strategy. >> china just isn't an aattractive market because of size. local demographics and social norms played a key role. car buying here is mostly done with cash. >> so you will use your debit card buy this. >> yeah. >> another difference between the u.s. and chinese markets? well, let's just say this isn't your father's or even your grandfather's buick. >> the people who buy cars are younger. so the average age for someone who's buying a buick, for instance, is around 30 in china compared to about 60 in the u.s. >> a lot of my friends have a buick. >> nice wang bought his buick lacrosse three years ago for about $33,000. >> i love gm because they produced cars more than 100 years, lon

i am speaking to you from the gm auto plant in detroit, michigan. they are hard at work building the high quality fuel efficient cars of tomorrow. cars like the plug in hybrid chevy volt that can run 40 miles without taking a sip of gasoline. >> to build the gm cars of tomorrow president po bam ma says taxpayers must help pay the salaries of gm workers today. >> oh oo it is super exciting to be a part of this. >> he tests the cells in baur michigan. >> to be a part of the ground breaking technology is a great experience. >> norton is one of 4,000 workers building the volt in america. >> how much taxpayer money through the federal government went into the volt program to gm? >> this is very much a gm funded effort. >> mare bee bette is director of environmental and regulatory affairs. >> we are delighted we pay contributions in key areas. >> 200 million? >> around 200 million. >> start with around 200 million or more precisely a $240 million grant from the department of energy in 2009. then there's the $150 million in tax payer's money for a company

and now you have gm introducing an electric car to great fan fair.hrough how that happened? was it market shifts in the environment? how did we end up where we are today? >> general motors should get a lot of credit for developing the ev1 in the first place in the '90s. when they came out, gas prices were at $1.50. reagan came in, gas prices suddenly went down, down, down, down. by the end of the '90s, it was $1.70 for the electric car. people went, why should i buy an electric car when it's so cheap like this. and in the board room at gm and a lot of the truck companies, they were making money. they vetoed these programs, took the cars back, crushed them all. >> and those were the suv exemptions. it was way more profitable to sell suvs than to make cars, so why sell cars that cost a lot and make you $2 when i sell suvs that are $20,000 whatever a pop. >> and they're complaining about rebates for electric cars now and they were giving huge rebates for hummers and -- so gas prices hit $4 a gallon and they had nothing to sell but the prius from japan,

it's all electric and that's going to be gm's first. let's see what happens in 2013.'m going to-- >> can't make it to the island and back. >> let's see what 2020. >> normally when you make a sequel, the original has to be a hit. planet of the apes was great, i didn't flip over beneath the planets of the apes, but they had a good base. they screwed it up. >> and well, you know what? all right. one is normally basing it on something that is it a hit. >> the volt not a hit. >> and when you think about the volt, sold less than 4,000 and throw in the nissan leaf, sold 11,000 in nine months. and last month alone-- >> does the nissan leaf have the same credit that the government gives you. >> $7500 credit, but listen last month. 5500 suburbans were sold. so, what is america telling you? we want big cars and amelia is right, we want the big cars. >> but they have hybrid suburbans. >> now what i love about the story, despite the brain washing of the obama administration on the green agenda, i used to work at brand x owned by ge you walk around the studio at ge, everything is g

i am speaking to you from the gm auto plant in detroit, michigan.hey are hard at work building the high quality fuel efficient cars of tomorrow. cars like the plug in hybrid chevy volt that can run 40 miles without taking a sip of gasoline. >> to build the gm cars of tomorrow president po bam ma says taxpayers must help pay the salaries of gm workers today. >> oh oo it is super exciting to be a part of this. >> he tests the cells in baurn, michigan. >> to be a part of the ground breaking technology is a great experience. >> norton is one of 4,000 workers building the volt in america. >> how much taxpayer money through the federal government went into the volt program to gm? >> this is very much a gm funded effort. >> mare bee bette is director of environmental and regulatory affairs. >> we are delighted we pay contributions in key areas. >> 200 million? >> around 200 million. >> start with around 200 million or more precisely a $240 million grant from the department of energy in 2009. then there's the $150 million in tax payer's money for a company

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. >> joe: dave dombrowski in his tenth year as gm of the tigers. that is foul down the left-field line. he's won it all with jim leyland and the marlins back in '97. regarded as one of the best in

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taxpayers put $51 billion in to gm and they are $26 billion in the red and taxpayers own 32% of the gm will american taxpayers make money on gm ever? >> well, i don't think that anyone could have imagined or hoped as much as how well things have gone for the american automobile industry. i'm not going to comment on what the exact financing and projections will be. i think if you look at the money that's been put in since president obama's come in to office it is a very positive story. you know, on banks, we are already at a point where the taxpayer is making a profit. but what's just as important and critical is that the president's at a plant today employing 1750 workers. that very plant was slated to be closed before the restructuring effort that president obama's team took forward with gm. we have a competitive big three that is competing, creating jobs and keeping manufacturing strong in the united states, and i think that is, you know, a great tribute to them and the workers, and a great tribute to president obama for doing what at the time was very unpopular but now i think every

to their raiders need a gm over him? >>gary: not so much his ego. i think he does need help, i mean someone in the front office. all of the great teams have a chain of command. >> as much as i love football, expanding the nfl to five nights a week, is that too much? >>gary: i was talking with a friend larry, that is where the nfl is headed, five-six nights a week. i think people would get tired. every sunday, one game on monday. i am in favor for keeping things the way it is but sometimes dollar signs went out. sphere >> my friend says you are a nice guy, but you say some crazy things. is that an act? >>gary: my wife likes 50 ft.--to eat. at bank of america, we're lending and investing in the people and communities who call the bay area home. from funding that helped a local entrepreneur start a business... to providing grants to a nonprofit which offers job training and placement... and supporting an organization working to help the environment. because the more we do in the bay area, the more we help make opportunity possible.

. >>> president obama today visited a gm plant in detroit and was trying to get a lot of mileage out of trip. the president of south koreaia along on the trip. president obama was highlighting a new trade agreement between the two nations giving u.s. automakers a better chance of selling their cars in south koreaia and could bring in billions of dollars and create as many as 70,000 jobs. >> boosting our economy by more than our last eight trade agreements combined. >> the president spotlighted improvements in the auto industry since the bailout for gm and chrysler two years back and kept pressure on congress to pass his jobs plan. >>> john huntsman thinks he knows on which side his bread is buttered on the east side in new hampshire. he is skipping next week's debate in nevada. nevada has ticked off new hampshire by scheduling its caucus in january and that would. force new hampshire to go back to december. >> we call on all of the candidates to do similarly. they should be boycotting. >> huntsman says he will hold a town hall meeting in new hampshire instead. >>> the national weathe

taxpayers put $51 billion in to gm and they are $26 billion in the red and taxpayers own 32% of the gms. will american taxpayers make money on gm ever? >> well, i don't think that anyone could have imagined or hoped as much as how well things have gone for the american automobile industry. i'm not going to comment on what the exact financing and projections will be. i think if you look at the money that's been put in since president obama's come in to office it is a very positive story. you know, on banks, we are already at a point where the taxpayer is making a profit. but what's just as important and critical is that the president's at a plant today employing 1750 workers. that very plant was slated to be closed before the restructuring effort that president obama's team took forward with gm. we have a competitive big three that is competing, creating jobs and keeping manufacturing strong in the united states, and i think that is, you know, a great tribute to them and the workers, and a great tribute to president obama for doing what at the time was very unpopular but now i think eve

tuesday, said the ad pulled in response to white house questions and presumably carping from rival gmreatened to rekindle the negative, if accurate, association just when the president wants credit for the positive results gm and chrysler are moving forward, making money in selling vehicles and could distance himself from any public down side of his decision. now, the white house and ford are both denying those claims, but, i guess, does the issue deserve coverage? rich? >> absolutely. and i mean, i aum because they're both denying it, it's probably true. one of those kind of stories, the truth is, if this were a republican information, there would be countless columns about it and enter for all time. >> nobody is saying it's true other than the guy that wrote the article, unnamed source and both parties deny, where is the evidence? >> if something like this happened in the the bush administration, if you had the allegation. >> oh, bush. >> come on, and true. >> this is a nonstory, unlike solyndra, a nonstory. >> you're not addressing my point. >> what am i not addressing? >> if the b

a red sox gm stepped down in boston and is now the new gm for the chicago cubs. >> and a new man in uniformor the raiders terrelle pryor who was suspended for five games for wrongdoing at ohio state now eligible to play in the nfl and for the raiders, who picked him up in the draft, this weekend he could play against the browns. but we'll have to ask lawrence because he is the raider aficianado. >> officially al davis' last draft pick. we have some sunshine showing up around the bay area today. it's looking like a fantastic afternoon if you like that sun and the warmer weather. here you go. looking great toward pleasanton to start you off. sunshine there and clear skies. started out with a couple of patches of fog but that is long gone now. even out at the beaches, what a gorgeous autumn afternoon as we enjoy high pressure building in overhead and what looks like a couple of spectacular days outside. so this is how we're goingplay it. it's going to be warm this afternoon. skies going to stay mostly clear, clear overnight tonight. and maybe even a little bit warmer as we head in toward tomor

gm has confirmed it will sell the old electric version of the spark in the u.s. in 2013. if you live in a big congested city, gm says this small plug in, battery powered car is for you. it will be sold here as well as in certain markets worldwide. we don't know of the battery range except it will be according to bl. m extremely competitive. you might know they've got their first battery powered car which was the chevrolet vole and thsc. >> and let's talk about a reprieve for not just tony the tiger and toucan sam, but snap, crackle, and pop. >> the government officials are saying they're fine tuning guidelines for marketing food to children, but they say they won't push the food industry to get rid of those very popular and very colorful cartoon characters we all know and love that we see on the cereal boxes anytime soon at least. nonetheless, the government is working to convince food companies to try to at least curb junk food marketing to children. the food industry has hit back and they're complaining the guidelines are just too broad. >> mand yip dry drury, thank yo

. >>> if you are in the market for a new gm? safety precautions are be installed but to which vehicle and how soon? we will tell you which new models could help keep your family safe. >>> and calling for a taxi may mean digging deeper into your wallet. fare changes you need to know about before flagging down a cab. you are watching "good morning maryland" first and only at 4:30. a live look in downtown baltimore's inner harbor. >>> now "good morning maryland" at 4:30. >>> it's 20 minutes until 5 and the move on wall street is now in its third week and spreading beyond manhattan. a hundred people gathered in burlington, vermont opposing a lot of things including what they say is corporate greed. now they are planning to return next sunday but some protesters are joining the ranks in new york. similar events have been planned and executed in boston, chicago, l.a., be a in -- and in cement seattle. >>> residents -- and in seattle. >>> taxi cab commission announced plans to move a $19 on fares and that means the meeter will keep run

now known as gm korea.t was engineers from gm korea that helped make the chevy sonic, and the collaboration with that company that helped save this plant and these 1750 jobs. so on a larger scale, the closer economic ties between the united states and korea are going to lead to more jobs, more opportunity, for both nations. already korean investment, and by the way not just in the auto industry, already korean investment is creating jobs in mission to make lithium batteries in holland, michigan. and hyundai suspension modules in detroit. and opening a new research and development center for brakes and steering. in korea, american businesses are going to be pursuing the same investments and opportunities. so it is truly a win-win for everybody involved. so i just want to say thank you to president lee for his cooperation and for his leadership. i want to thank the members of congress who fought so hard to get this done, especially the delegation from this state. i want to especially thank the people of detro

stay with us for gm fwm. and -- >> some wild weather of last night. the funnel clouds also got down the county. there at the epicenter of the earthquake. they did some damage to the roof. going to show you that coming up. these storms can issuing him a little more. is coming through the midday. it is a much nicer weekend ahead. temperatures in the 50's. it will rotate through. there is drier air. it is the nice weekend. few chapters cars today. it is a dusty tomorrow. who goes into the air the weekend. to the forecast. >> good morning. cracks good to hear your voice. -- >> good to hear your voice. >> we had some overnight that they moved out of the way. a huge crash out of the road. 5198. close some delays. we will jump on over to the .obacco -- geico camera the traffic on site. you.ank we will begin with the storm watch and the weather around the region. a tenneco crossed predict a crossed 95. caught the twister. >> do you see it? >> yes. >> ice storms also brought heavy rain and high winds. that a little more than 1000 people remain in the dark. the

jeopardy with some questionable draft picks in recent years. >>> a major shake up continues in boston, gmstein is levering to take over the chicago cubs. epstein was with the red sox for 10 years helping build two championship teams. in college park today maryland's mu basketball coach posed with the players. newest of chirps basketball in for a challenging season with just eight scholarship players led by senior shawn mosley. one intriguing new come, 7- footer from the ukraine. the big guy has not been cleared yet to play college football in the u.s. by the ncaa. decision on his eligibility is expected this week. first game coming up in 4 weeks. wheal hear from the ,,,,,,,,,,,, . >> that's it for us tonight. we'll >> pelley: tonight, the u.s. takes aim at iran over the alleged assassination plot. >> iran must be held accountable for its actions. >> pelley: norah o'donnell on what actions the u.s. might take. attention, holiday air travelers-- expect fewer seats and higher prices. ben tracy on operation hackerazzi, the f.b.i. arrests a man accused of hacking into the personnel e-mail acco

he is a former adviser to the house that tell a trip organized gm and chrysler. they're hoping to develop a to give a lifeline to the postal service that is of nearly $10it billion. . busy week for the banks are waiting on from wellsarnings fargo and citigroup. those are due out later this morning. higherow features are ahead of the open. there is an announcement today that will impact cell phone users. have all the details coming up. >> thank you so much spirit it as rigid thank you so much. it is 63 degrees. the city of ash fell prepares a presidential visit. leaven interview with president obama's first stop. dedicating the dream. you the memorial. trafficanother check on and weather. stay with us. [ female afeouncer ] find yourself sometimes cleaning up after your dishcloth? bounty extra soft can help. it's super durable, and in this lab test bounty extra soft leaves this surface three times cleaner than a dishcloth. even with just one sheet. super clean. super soft. bounty extra soft. in the pink pack. and try bounty napkins. >> monday morning. i'm here at t

he will head to michigan today to tour a gm plant using south korean parts. thursday the president said the united states auto industry along with american farmers and manufacturers will benefit in particular from the new agreement. he also used it to prove compromise is confident it will happen on cap hill. >> we are willing to work with republicans where they are willing to put politics behind the interests of the american people. >> reporter: but whether it comes to creating jobs president obama and the gop are still far apart. senate republicans are now floating their own jobs plan. >> gop proposal calls for repealing the healthcare law and a balanced budget. it would lower corporate and individual tax rates and ease government regulations on business snooze this is a bill that can pass if the democrats will open their eyes and work with us. >> reporter: president obama says he is willing to work with republicans, but he is not giving up on his own plan yet. monday he will kickoff a three day bus tour to promote it. >>> today's trip to michigan with south

years later with the engineers and gm korea who helped make the chevy sonnet possible. and the collaboration with that company that has helped save that plant and the 17,050 jobs -- 1750 jobs. so in a larger scale, the closer economic ties between the united states and korea are going to lead for more jobs, more opportunity for both nations. already, korean investment -- [applause] and by the way, it's not just the auto industry. korean investment is creating jobs here in michigan with lg chem planning to make lithium-ion batteries at home and hyundai manufacturing suspension modules in detroit and men to opening a new research and development center for breaks and daring and novi. and korea, american businesses are pursuing those same investment and opportunities. so it's truly a win-win for everybody involved. so i just want to say thank you to president lee for his cooperation and for his leadership. i want to thank the members of congress to fight so hard to get this done and especially the delegation from the state. i want to especially thank the people in detroit

you look at alamo ollie, at ford, you look at mark royce at gm who has had a gm north america, theysaw what good coaching did and guess what? they are leaders of think like coaches rather than kings. >> reporter: david bing. >> he is a great example. >> reporter: a former star with the nba detroit pistons, dave bing is now the city's mayor at age 67 he is looking to lead his greatest comeback ever. >> my goal in this administration is to let the business community drive downtown, drive mid-town and our focus from a government standpoint needs to be in our neighborhoods. we are a blue collar city. there are people that bleed detroit. and i think nobody wants to give up on us. people want to see us succeed. >> we carry the same kind of mentality, i think. the city is a blue collar city. they put their head down and go to work every day. >> the characteristics that the city has been portraying and that we have been trying to is being tough and bouncing back. we are doing it as a football team. >> this is the heart of america right here. this is the heart. there is a place for the middl

the idea is to create jobs.with tesla revamping an abbndonnd gm plant in cclifornia... and fisker planning to assemble its new nina electric vehicll in delawaree employing potentially 25-hundreddworkers. "it's important to the americaa people. this is a growing global market. electric vehicles areethe future. the only question 3 ,3&pand stay tuned to fox45 morning news... 3 we have a very special guest hoor... mayor steppanii rawlings-blake is joining me on theeanccor desk and you won't want toomiss thhs!that's coming up at 8-30. 8-30.but first... the ravens are preparing for tonight's game in jackonville!how they're getting reedyyto face off against the jaguars... next in spoots. ((break 3)) 3 3 plus find out next now. travelinn to libya why ss many are finddout next, plus &p 3 crissy from middle river sent this n to oor photogallery. phe saas her family and a group of friends get together eveey sunday... to have a good meal... and cheer on the ravees. and joe joe s sooo excittd about his avens geer.can't you teel by his expression? hh's fully equipped with his hat, je

shake and a level level playing field new opportunities for these workers whether they are at this gm ford or chrysler all around the world. >> occupy wall street. >> i think the frustration we are seeing not just in wall street but around the country speaks to, i think, an american public that just questions i think most americans understand we don't have any problem with big business. small businesses splooi companies like general motors or bboeing or ford. they want to make sure we don't forget america's middle income families. to our trade policy. that it speaks to the needs of all americans and particularly our middle income and working class families. >> ambassador ron kirk, thank you very much for joining us. good looking cars there. thank you so much. >> there are a lot of great cars made here. >> a lot of great cars made in america. you have got big numbers to brag about. you have exceeded $32 billion put out for job creation for american businesses. how does this work? provided to companies provided that they buy american products. >> founded by fdr to help fund jobs. this y

he and president lee of south korea visiting a gm auto plant in detroit.were honored at a state dinner at the white house. >> look at michelle obama all decked out in deep purple. the first lady wearing a sexy one-shoulder number. a purple gown designed by a korean american designer and it sure turned heads. check out the accents. it's especially the knee-high slit. oh, we can't see it there. that's a beautiful dress, though. she had a sparkling teal belt on, which was a nice contrast to the purple. you wouldn't think of putting those colors together. >> is this conversation really happening? we'll continue to fall though developments with michelle obama's dressing and on wall street, as the police move into the protest area. cnn, as you can see there, is live. this is the place to be for all the breaking developments this morning. >>> also ahead, a possible tornado in virginia, a stormy night along the east coast overnight. rob marciano will bring us the latest on that. >>> listen to this, an oregon man surfs on the back of a great white shark. i am not k

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the ones that didn't get back is gm. we will never get our money back on gm.have got like a third of what we put into it. they are never getting the money back, but great, people still have jobs making cars. you can prop them up forever and they will love it. they don't hate bailouts, they just hate some. >> bill, you seem pensive. >> i i was just thinking how much it sounded like bill out. i am staying right here. i don't like to witness either. after every show i go and get as unaware as possible. oftentimes i am not wearing pants. as for david brooks he was the person who said we were over hyping this movement. i will have you know this is the first time we talked about. it the new female leader of liberia. the crumbling euro. we decided to give this thing a little time. we will not use it for our entertainment. we are better than that. >> no jokes about smelly people. >> i ran into two tourists today. >> stop bragging. i realize that the protest in a way is a lot like myself. on tv i look normal in size. when you see me in person i am very small. charles s

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they employ 2/3 less than the number of people that worked at gm in 1980. put another way, take 1/3 of the workforce at gm in 1980, more people work there than worked in all of these six, seven, eight high-tech companies that we always point to and say, yeah, but look what we're doing now. it's not a replacement for the working class. >> no, you look at the occupy wall street movement. you know, much of the grievances are absolutely legitimate. absolutely legitimate. and yet the after effect of the whatever is going on with the financial services community in this country is going to result in far fewer people working. >> right. >> there's no doubt. far fewer people are going to be working. they're going to be laying off people. >> and they aren't going to be as painful as it sounds, big factories where guys go in and punch a time card and work by thousands in this tech industry. and that's the challenge that president obama has and the congress has. to find a way to put all those people back to work or in those jobs and not in those kinds of jobs. >> the n

guest: i only know a bit about gm. gm, like chrysler, has not paid back every dollar.each case, there is a couple of billion dollars left over. i can tell you that this a thought that people do not game the unemployment system on average, it is a tough thing that economists believe. it seems as if we must be missing something here. your story matches something what they hear from the general contractors association, that contractors are finding it hard to get some of their people to come back to work because they have 99 weeks of unemployment. there are some people who are happy to take a generous unemployment benefits rather than working. host: another term that we hear is keynesian theory. what is your reports say about that? guest: john maynard keynes is famous for claiming that in a slump, government spending could help get the economy back on track. he used a chalkboard. . what our studies show is that when you go from the chalkboard to real life, it is quite a bit harder. partly that is for good reasons. our government does not try to waste money. the contract sy

nfl wanted to change the fact that there were few african-american coaches and few african-american gmsor gam vacancy, the owner of an nfl team must interview an african-american candidate before filling that position. that led to a significant increase in african-american coaches and african-american gms, including those coaches who have taken teams to the super bowl. it shows that african-americans, when given an opportunity, can compete at the highest level. >> now, when the rooney rule came in, a lot of us who were around, people said it wouldn't work. but let me show you the graph of what you just said, bob, that we went from three in 2003 to eight by 2011. so it really more than doubled what the goal was in terms of -- well, it doubled the numbers. so the rlj rule is based on that for the private sector. >> based on that concept with one difference. in the nfl you get fined into the owners don't comply with the rooney rule. i'm asking corporations throughout this country to do it on a voluntary basis, what i call enhanced best practices. any company you talk to, they say they're c