a gm car? since the word "regulate" doesn't mean compelled, the answer is pretty obvious. even the government didn't really push that argument. their argument was a series of cases that you guys undoubtedly know about from the 1930s, most notably wicker against philburn said congress can reach and get at local production of goods, it can get at people who substantially affect interstate commerce and it can regulate people who are only selling or involved in a small amount of wheat. that's the famous wicker against philburn case. our point was wicker did say you could get at people who were only producing a small amount of wheat. what it didn't say or imply was that you could require americans to buy wheat, that people who are in the market, even though they're in at a very local level, are analogous to local bootleggers and congress power to regulate the interstate liquor market allows them to get at local bootleggers. what it doesn't allow them to get at is teetotalers, people outside the rele

regulations and drives up the cost of again cars, that means they can bring you in to off set the cost of their burdensome regulations and require you to buy gm stock or cars. that can't possibly be the law and it's never been a law for 200 years when ever we have told private companies like the insurance companies in this case that they've got to take some actions for the public welfare. in this case, because of charity bable reasons, we're requiring them to give the low cost insurance to sick people. when we've done that kind of thing, when we've allowed hospitals to provide care to people, we don't get some other group and say you pay them for the public good they've just done. we pay for it out of the tax dollars or the public treasury that we all contribute to. we either give tax exceptions to hospitals or medicare payments. so if congress can get away with this notion, not only have they violated the constitution, they've given congress a new power where they continue to spend well beyond their means and never have to face the political accountability of raising taxes. they can just escape to certain people in society, call them the pro

stock or gm cars. that cannot possibly be the law. it has never been the law for 200 years whenever we have told private companies like the insurance companies in this case they have to take actions for the public welfare. in this case because of charitable reasons we have to require them to get low-cost insurance to sick people when we have done that kind of thing that we have required hospitals to provide care to sick people, we do not constrict some other group of the citizenry and say, you pay them for what the public could have just done. we pay for it out of the tax dollars for the public treasury that we all contribute to. we either get tax exemptions to hospitals or give them medicare payments or the like. if congress can get away with this notion not only have they violated the terms of the constitution but they have given congress a new power where they can continue to spend well beyond their means and never have to face the political accountability of raising taxes. they can skip those certa

stock or gm cars. that cannot possibly be the law. it has never been the law for 200 years whenever we have told private companies like the insurance companies in this case they have to take actions for the public welfare. in this case because of charitable reasons we have to require them to get low-cost insurance to sick people when we have done that kind of thing that we have required hospitals to provide care to sick people, we do not constrict some other group of the citizenry and say, you pay them for what the public could have just done. -- good they have just done. we pay for it out of the tax dollars for the public treasury that we all contribute to. we either get tax exemptions to hospitals or give them medicare payments or the like. if congress can get away with this notion not only have they violated the terms of the constitution but they have given congress a new power where they can continue to spend well beyond their means and never have to face the political accountability of raising tax

he voted against electric cars in the '90s when gm had a car there, and he became a champion for the act, this week he's even in the position of defending the volt on right wing radio and things like that because he can't belief it's become such a political issue. >> are there a standard number of volts hitting the market soon? how big are they going to become? >> they're just coming to market and they're under a lot of pressure in the press for one reason or another. this is where we're going, because as gas prices go up, you can drive a volt on a dollar a gallon on electricity. i think they'll be very successful over the next five years. >> refresh people's understanding of how this actually works. do you have to have some kind of charger in your house? do you need charging stations on the road? in other words, do we need to have some kind of infrastructure of recharging stations for this to become really widespread? >> i think the car company has been able to figure out you have to plug it into any outlet, so if you have a garage, you can plug it in and overnight fill it with elect

. >> higher gas prices mean more people shopping for fuel- efficient cars. gm said a sales record in march, selling 100,000 cars that get 30 mi. per gallon. chrysler also report strong sales of cars that get 30 mi. per gallon or more >> and delta airlines is testing a new low-fare seating options. the basic seats are 12-$20 cheaper than regular economy seats. the basic seats are non- refundable and no cancellations or changes are allowed after the tickets are purchased. seats are assigned by a computer and passengers can still earn frequent flyer miles. a new version of the apple ipad is the best apple computer on the market. a review praises its high- resolution screen, improved camera and longer battery life and plays down the issue of overheating even though engineers found it can get as hot as 116 degrees while running games. there is a new national champion in the world of college basketball. >> it actually turned out to be a pretty good game. the wildcats took an early lead and held off a big comeback attempt by kansas. kentucky finish the season with a m

. >> china is the world's largest auto market and a big money maker for gm car sales which slowed down in china last year. >>> the san francisco chronicle looks at facebook's enormous earnings. reporting more than $1 billion for if first quarter in 2012. it made $1.21 for each of the facebook users. >>> 30-year-old clair squiers died suddenly in the final mile of her race. with the news of her death donations for the charity she was rags for soared more than >> announcer: this national weather report sponsored by battleship. the battle for earth begins at sea in theaters may 18th. >>> a new york woman donate add kidney to save her boss's life. she claims that same boss got her fired. >> i said, well, you know, it's a personal problem because i had surgery. have you ever had a kidney reviewed. she said, are you going to throw this up in my face? and we'll hear from both of them. >>> and a grown man finds himself on the list of missing children from 35 years ago. we'll show you what else steve karlter found when he looked into his past. you're watching "cbs this morning." > announcer: th

. >>> as gas prices go up so do sales of fuel-efficient cars. gm says last month it sold 100,000 cars that get 30 miles a gallon or better. which is a first and gm says the demand is rising. chrysler also reports seeing a jump in cars getting 30 miles to the gallon or better. in d.c. in the metro area regular gas now $4.03 a gallon which is up over 28 cents from last month. natural gas wide the average -- nationwide the average $3.82 a gallon. >>> how did your bracket do? >> tom won the channel 9 pool. he correctly picked the winner last night of the men's ncaa championship. >> wisconsin was just -- kentucky was just too much for kansas. wildcats win, the final 67-59. kristen berset will have highlights coming up in about 15 minutes. they celebrated in the streets of lexington early into the morning. at least one person though was shot in all of the celebrating. police made self-dozen arrests, they were on alert following a series of fires set during the celebrations last saturday night for the final four. >>> a big shakeup at the gsa. in four minu

works of working -- ways of working, at his become easier to make smaller, more fuel-efficient cars. but gms still sitting on a loss of $24 billion. it is also a little like state capitalism. that is what the management are touchy about. >> at this point, the government owns our stock. in the same way that individuals own our stock. they are not directing our company. they are not managing our business. they are not interfering in the industry. >> it has left america confused. the auto industry is the symbol of free-market values. but now it does look quite status. stronger unions, government ownership, and taxpayer subsidies. to some in the republican party, this looks like crony capitalism, too, a reward to voters in a key state for the election. >> we lost more jobs in the recreational video -- the local industry and in the state and were threatened. no one offered to spend hundreds of thousands of dollars per worker on them. how was i to tell those people, you guys are not worth as much because you are not as politically connected? >> governor daniels also argues that gm's rebirth is sl

china is the world's largest auto market and a big money maker for gm car sales which slowed down in china last year. >>> the san francisco chronicle looks at facebook's enormous >> this national weather report sponsored by battleship. the battle for earth begins at sea in theaters may 18th. heaters may 18th. >>> a new york woman donated a kidney to save her boss's life. she claims that same boss got her fired. >> i said it's a personal problem because i had surgery. i had a kidney removed. she said are you throwing this up in my face? >> we'll hear from both of them. >>> a grown man finds himself on a list of missing children from 35 years ago. we'll see what else steve carter found when he looked into his past. you're watching "cbs this morning." > announcer: this portion of "cbs this morning" sponsored by the makers of zyrtec. zyrtec. love the air. gy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] chili's lunch break combos are full of delici

. >> it has become more economic to make smaller, more fuel- efficient cars. gm made $7 billion this year. the taxpayers are still sitting on a loss. it sounds a bit like state cabalism -- state capitalism. >> all that the government owes our stock -- owns our stock in the same way that the individual's own our stock, but they are not managing our business and they are not interfering in the industry. >> it has left americans confused. the auto industry is a symbol of free market values. but now, it does look like stronger unions and government ownership and taxpayer subsidies -- to some in the republican party, it looks like crony capitalism, too, a reward to the unions that on the democrats in a key state and head of an election. >> the reason i remain uncomfortable with the way it was done, we lost more jobs in the recreational vehicle industry in this state that were threatened at gm and chrysler -- in this state than those that were threatened at gm and chrysler. no one offered to spend hundreds of thousands of dollars per hour for those workers. how am i su

. >> it has become economic to make smaller, fuel-efficient cars. gm made $7 billion this year, though the tax there is still sitting on a loss of $24 billion. -- but the taxpayer is still sitting on a loss of $24 billion. >> are you getting an unfair advantage? >> the government owns our stock in the same way that individual owners own our stock, but they are not directing or managing our business. they are not interfering in the industry. >> it has left america confused. the auto industry is a symbol of free market values. but it does look quite dated. strong unions, government ownership, and taxpayer subsidies. to some in the republican party, this looks like crony capitalism, too -- our report to the unions that on the democrats in a key state and head of an election -- a reward to the unions that fund the democrats in a key state ahead of an election. >> we lost more jobs in the recreational vehicle industry in this state than were threatened at gm and chrysler. no one offered to spend hundreds of thousands of dollars per worker on them. how was i

. >>> rise in gas prices pushed the sale of more fuel efficient cars. gm0,000 fuel economy cars in the u.s. it's a first for the detroit auto maker. the company reports demand all vehicles to get 30 miles per gallon. chrysler had a strong sales year ahead of a handful of their fuel efficient vehicles. >>> lower fares may be taking off at an air fare near you. delta airlines is offering a ticket option. the basic economy seats would be $12 to $20 cheaper than the regular economy seats. they are not refundable and can't be changed or canceled after the ticks are purchased. passengers won't be allowed to pick a seat, but they can earn those frequent flier miles. >>> the future looks a bit brighter for the class of 2012. the national association of colleges and employers says this year's college graduates can expect more job opportunities and fatter paychecks. the average salary for graduates with business, accounting, computer science, or an economics degree be start at $40,000. for engineering graduates, it's much higher. the competition will be stiff. emplo

chrysler increased 34% selling 163,000 cars and trucks. gm and ford had gains of 14% and 5% respectively. this is the first time all three have posted gains. most americans blame a number of factors for what is responsible for the high gas prices. a cnn survey indicate 55% think oil companies are to blame. 34% blame foreign countries. 28% blame iran. 24% blame obama's policies. 21% blame republicans. that is well over 100%. i do not understand. i paid $4.39 for regular. >> we will lead you to the poll. speaking of money, if you think you can avoid airline fees, think again. allegiant air started an announcement today that they will charge $39 for all check-on the bags. you have to pay for anything other than a one bag that does not fit under the chair in front of you. still to come at 6:00, a warm and comfortable tuesday comes to an end. what can we expect in the future? doug hill has the answer and the complete forecast coming up. >> the man police say it gunned down former classmates ishas has ties to our area. >> note terrapin shocks for t

>> no, i'm happy i can buy a gm car. >> i agree as a free market guy, it never should have come to thatmal economic times you let the chips fall where they may but we had a hundred year crisis. >> you're talking about the union -- >> and the way it was executed. >> i don't disagree with you. he just thinks mulally makes too much money. >> if you look at the auto task force, every constituency is bittering unhappy back then. dealers feel they got the shortnd of the stick, unions feel they got the short end of the stick, equity holders, bond holders. >> unions doesn't feel like they got the short end. that's bs. coming up, ford is -- they know. 1277 is indicated higher. it is trump tuesday. got a question for the donald? >> sure. >> his thoughts on jobs and the election at 7:30. we'll be right back. >> time now for the aflac trivia question, which rolling stone did jerry hall marry? isn't major medical enough? huh! no! who's gonna help cover the holes in their plans? aflac! quack! like medical bills they don't pay for? aflac! or help pay the mortgage? quack! or child care? quack! aflaaac!

about who% -- about 40% were for fuel efficient cars. gmir figures at 8:00 this morning. >>> a flying car at the new york auto show will be unveiled to the public. it has two seats, four wheels and wings that fold up so it can be driven like a car. last year, it flew at 1400 feet for ate minutes. right now -- for eight minutes. it's expected to cost $279,000. >>> with the united states offering a $0,000 bounty to catch a terror suspect in the mumbai attacks. he's a founder of the pakistani military group claimed for carrying it out. $a 2 million bounty is up for grabs if they can capture the leader. well, al qaeda wants to go back to work. the new york website posted this graphic on its traffic and warrant page. the fbi says although they take all threats seriously. but there's no internet connection with this posting. >>> the red cross is pressing syrian authorities for a two- hour daily halt to all of the fighting to allow aid to come in. the -- to come in. >>> the university of kentucky is your new ncaa champion. people celebrated in the

gm. >> general motors. >> stephen: the number one car company in the world. >> again, yes. >> stephen: we'll get to that in a second. you also had leadership positions at ford, chrysler and bmw over the course of a 47 year career. >> yes. >> stephen: you also have a book called car guys versus bean counters. the battle for the soul of american business. which one are you, are you a car guy or are you a bean counter? >> you really have to ask? >> stephen: i really do. it's my job. >> unless you have creative people who really want to deliver outstanding products or outstanding customer service, all of the bean counting and all the financing isn't going to do you any good. the problem is when you have the wrong people in charge. then the business goes downhill because all they look at is spreadsheets and they forget the customer. that's what the book is about. >> stephen: let's talk about getting the wrong people in charge, okay. because you were-- you were at gm when obama came with his dirty government money. >> right. >> stephen: that filthy government luker -- >> that was our taxpayer money,s that he oka

and as consumers got easier access to car loans. gms of fuel efficient cars and trucks topped 100,000 last month. so let me kick it back to you, steve. we said this during the break, as well, they're saying a little bit of everything to kind of cover all bases. not necessarily expecting anything out of these minutes per se, but what do you think of fed policy as it stands right now? >> fed policy is still very harmful. the idea that they would even do another quantitative easing i think is a real downer. weak dollar means weak recovery and that's one of the reason why is this is the worst recovery from a severe recession almost in history if you look proportionately at the recovery from the depression, that had a bigger bounce back proportionately than we did from this recession of 2008, 2009. >> and ken, if we do see rates start to go up a little sooner than the fed is saying, normally that might be seen as something negative for the stock market, but rates are so low that i'm not necessarily sure that it would be. >> and it's been so

gm issuing a decline of 4 and 2/3%. we have an 11.8% in sale for the month of march. sold more than 100,000 carstting at least 30 miles to a gallon. it may bode well for gm. high gas prices are driving more consumers to the showrooms in search of a fuel-efficient cars. it really has not stopped significantly and sustained with consumers, those fuel efficient cars. ford sales were better than expected but today we're looking at gm with a decline about 20% just in the last two weeks bill, before i send it back to you, heading into the close, as we approach the market. >> as we head towards the close, shares of delta have been flying high on an otherwise down day. courtney reagan joins us now with a round up of all of them. courtney? >> good afternoon, bill. trading at a high of $106 from 82, shares just above 80. there is potential to add significantly to the top and bottom line for the company. shares are up 6%. delta airline shares up, too. the nation's second largest carrier, traffic rose 2% in march, marking the second straight month passenger revenue was up 13% for the month. and downgraded t

gm saying, in fact, sales of those cars topped 100,000 last month. >>> get ready to fork over extra cash the next time you fly. low-cost carrier aleejt air is charging passengers to store in the overhead bin. they mostly fly people from smaller cities to vacation spots like orlando and las vegas. back over to you. >> thank you very much. charging for carry-ones. what has this world come to? how do you police putting it above, below. >>> let's see what's in store for our forecast today. maybe you want to stay right here in town. >> you know, the weather, at least temperature wise, not too bad. a chance of showers coming in during the day today. the timing's not that bad. once you see the seven-day forecast, looks like the best weather is saved for the weekend. outside right now with more clouds coming in, not quite as chilly as 24 hours ago. we've got upper 40s and low 50s outside. so i think light jacket weather's going to be fine for you this morning. wind's not a factor right now, but later today, the gusts picking up about 15 to 30 miles per hour. radar locally is dry, but the north c

what is it about electric cars they just don't get? former gmcutive robert lutz joins me later in the program. stay with us. lots more coming up. >>> coming up, how speaker john boehner channels dick cheney with his dire warning about the president's economic policies. richard wolffe joins me for the discussion. >>> the alec fallout continues after more than a dozen companies cut ties with the organization. lawmakers on a state level are now starting to do the same thing. i'll have one of the lawmakers resigning from the organization with me tonight. >>> and sean hannity says "let them eat rice." we'll play you the radio host's outrageous claim about america's poor later in the hour. share your thoughts on twitter using the hashtag ed show. we're right back. get two miracles in one product. new tone rehab 2-in-1 foundation. covers spots, lines... and wrinkles. and helps improve skin tone over time. new tone rehab from easy... breezy... beautiful... covergirl! covergirl! woman: what do you mean, homeowners insurance doesn't cover floods? [ heart

car companies. in fact, the best since the summer of 2007. gm reported a 12% jump led by the subcompact sonic car which gets 33 miles a gallon. chrysler which technically italian now reported a 44% jump in sales thanks to the fiat 400. the sales are not there yet, but that would be 17 million cars a year in this country. >>> number two, a man accused of killing seven people execute style is showing no remorse. that's what police in oakland, california, are telling us at this hour. one goh went to oikos university looking for a specific administrator and when he found out she wasn't there, he started shooting. this is what sources are saying. they say that goh had been expelled from the religious college. >>> number three, demonstrators in argentina attacked the embassy with firebombs today. video is pretty incredible. you'll see literally a shot fly across. it's just pretty stunning. comes about -- that's it. riot police flowing -- clashing with them. the conflict between argentina over the falkland islands lasted 74 days and tensions are still

a whole lot of two-wheelers and three-wheelers and now they're theoretically moving into cars. >> and ford and gma lot of money because they see india as a great opportunity. >> and you meet all these industrialists who say, we need greater fdi, they all say fdi in this country, foreign direct investment. sounds obvious, right? country of consumers, why don't they have more foreign direct investment? >> well, one reason is the indiana government ke indian government keeps changing the rules. it's a retrospective taxation announcement. >> they're taxing them on something that happened years ago. >> and not only that, any american company that's done any merger in the last six years is going to have to explain them to the indian tax man that they pay taxes somewhere in the world, so they don't have to pay the indian taxman. >> and some of that is indicative of what we know as the indian bureaucracy. it is a reason why it's easier to do business in other countries, because you need a lot of permanents here. there's still some corruption here. but there are a lot of companies who must be saying, it's

in terms of cars that already have this, you basically have a lot of them that do. toyota made this standard for all models after 2011. you already have gm doing it for cars made this year and ford did it in a lot of cars that were made after 2010, carol. >> so i'm just curious. what about people that drive stick shifts or manual transmissions and have to put down at gas and brake pedals at the same time. how does it impact them? >> it shouldn't impact them too much. this is really about what happens when the car gets the computer signal to keep the accelerator down. so it really affects more automaticic transitions and you might have it be sticky if you have a manual transmission but it shouldn't be that big of an issue. most cars are computerized nowadays. this is about making sure the car is getting the correct computer impulses. >> lizzie o'leary live in washington for us this morning. thanks. >>> now is your chance to talk back on one of the big stories of the day. the question for you this morning, should gun laws be reviewed or not? the national rifle association is holding its big convention in st. louis today. front and center,

instance, how the inventor of the modern car company, henry ford, also resisted the modern car loan, and in turn how gm embraced it and nearly drove ford out of business. it tells the story of how bloomingdale's gave us the first credit card, and why they succeeded when citibank, at first, failed. how target, in the 1960s was called tarsier, and how ann taylor and bloomingdale's gave credit cards. i promise to be quick before you go out to dinner before the snow comes. but i did want to take a second and talk about this idea of investment and debt. and what it has changed in the 1970s to bring this back. what changed in the moment from the 1920s, to bring back our new regime. i want to talk about mortgage backs his -- mortgage-backed security. in my book, i show how the mortgage-backed securities under the housing boom of the 1920s. this is how dick spencer was able to sleep at night after the collapse. he knew that the money would come. but these mortgage-backed securities are shunned by the market, because they, like today, were toxic assets that acids that could not be resold. they lost all their va

gm chose to build the volt? the way the future looks for cars like these, obviously, this is the vehicle that we see significant amount of criticism. especially from political conservatives. as we noted today in our discussion. many say the government shouldn't be involved in this kind of technology. many question the readiness of this technology. what's your message to skeptics like this? >> let me start with popular mission conceptions about the chevy volt? those of you who listen to fox news or listen to o'reilly or neil cavuto would believe that the volt catches fire allot. consumed $53 billion for only 6,000 bill was product of the obama administration. when in fact it is none of those things. chevrolet volt was conceived largely by very self-serving comment, largely by me because it was very promising technology which would link all of a advantages of a lightweight vehicle, which was 40 miles with no fuel consumption whatsoever with all the range of a conventional car beyond the depletion range of the battery and internal, small internal combustion action would provide electricity to the battery for about

rising gas prices, people are buying fuel-efficient vehicles to deal with them and gm says sales of those types of cars topped 100,000 last month. back to you. >> thank you very much. >>> as you jump into your car this morning, grab that cell phone and put it right out of reach. maybe throw it in the backseat or the trunk. several cities cracking down today on drivers texting or talking on their cell phones without hands-free devices. this crackdown runs until april 18th. violations can run into hundreds of dollars, beware. >>> a new study is challenging an age-old method for measuring obesity. the report says the 180-year-old body mass index may be giving a false reading for about half of women and a small percentage of men. and there was a study conducted by women. bmi measures body fat based on height and weight. and many people were actually healthy. it was based on the public health department developing a new measurement system. don't they say if you pinch an inch kind of thing? another health study found kids not getting enough daily exercise. nearly half of preschool age children who are not in