the difficulty is from the volume guinn from 2 million to 50,000 we don't produce enough vehicles for every business to stay in business. it's unfortunate but it's a fact and we are trying to make sure the dealers have

first amendment experts as we had to groups of farmers, one sticking with thomas campaign, the other guinn with the new lawyer. they both filed briefs in the case and supreme court didn't know what to do. we had two lawyers, only half hour for them to argue so the clerk of the court actually flip a coin to resolve this unresolvable fight between these two lawyers and thomas campaign had one so he argued the case and almost from the outset you could see that first amendment of the first speech was of no interest to him. he wanted to relocate this program about fruit and he started to argue about stipulates and 43 and exhibit to 97 as if he was back in the trial court and there's one clip we have of how unsuccessful that gannett was the first clip. >> [inaudible] [inaudible] as a matter of fact to make that stipulation number 57, i'm sorry, 59 -- [inaudible] >> in that stipulation i don't understand -- [inaudible] >> he was so wrapped up in the details that chief justice rehnquist became very and the late and told him to stop it and then he kept going, practiced stipulation 57 and it unfortu

>> no, i think everybody understands the importance of the issues that are guinn to be discussed. i think in many way is the preparation is in that much different. we certainly hope that we can make some substantive progress on issues we know are of importance to both sides. the first row has asked me questions. >> [inaudible] >> i don't know they have spoken since the june 20. i know that obviously general jones has spoken with his counterparts. mike has had many discussions but i don't believe the two presidents have spoken since. >> in the past week has the president spoken to any outside the government experts on iran and if so, who? >> i can check. i don't -- >> is he talking to anybody on the subject? >> outside the government, i don't know the answer to that but i can certainly check. >> early in the week the president thought the supreme leader was aware people of iran were concerned about the election. is that still the case given the supreme leader said in the speech that mahmoud ahmadinejad had won and that the iranians have spoken? >> f-ing the international community

guinn -- yes. >> janeth again. if you look, and i appreciate getting the 11, 12% of the budgets. if you look back into the 80's into the 70's, as a percent of the budgets, is this on a scale you haven't seen or is it similar to the state budget smaller than? >> i would say again, i think we don't have statistics back to the authorities but i think you've got to go back there. i think this is the worst thing we've seen. most people when we initially hit this downturn thought it would be similar to 83. from what i have seen again we were down in '83, but the year before and the year after we had very good revenue growth so we were down and back very quickly. this started december 2008. so, we were into this all while and we had two or three more years to go so i think it is the depth and length of this. there's no capability to build the revenue base for any funds you're on the base the entire time. yes? >> [inaudible] are any states reconsidering the balance budget in light of the overall effect of that in fact this looks to be a very long indeed downturn? >> no, i haven't heard o

the difficulty is from the volume guinn from 2 million to 50,000 we don't produce enough vehicles for every business to stay in business. it's unfortunate but it's a fact and we are trying to make sure the dealers have highly enough volume they can stay in business and have a good operation going forward to compete with the transplants. >> into the two of you that have accomplished so much in your career the people sitting on this side of the table have a much deeper sense for the attitude of our constituents, and i would be shocked to see your brand loyalty maintained in light of these shutdowns. one of the things we know, mr. walden referenced this in his opening statement, both companies have been doing advertising to talk about their business strategy going forward and mr. henderson, we have seen the gm ads that talked about how your company is going to stand behind the products it sells going forward but in reality you are not standing behind your product speak cause one of the things we know is part of these bankruptcy proceedings every existing and future product liability clai

scaring more and more people into believing what ever is the scariest myth, so how do you propose guinn for word that we handle the media's affect on the populations you on economy and how do you propose leges educating educating the people on the level of understanding where their money goes and what happens? >> we are not so different than other countries of the world right now. unfortunately almost hear similar to our the developing pour countries of we have become argentina and stuff argentina becoming like this. if there's 100 of the world and country's poor share in common is the dictator or somebody controls the legislature so it's hard for the people to write reform legislation and control the media. i don't mean to suggest there's a dictator in the united states that controls both of those there is a broad class of the wealthy of the court corporations that do a good job of controlling the entities and they don't do it as if they meet late at night with commissions. they don't have to. they have the same motivation, to make a profit and so when you turn on any cable news networ

when i was doing my field work in the mountains, i studied in particular wedding rituals and i used guinn to these large alienating weddings and not have the foggiest idea what was going on and everybody was speaking a strange language and people would be running around in this great tried and would be clear that these rituals played a key role in assembling the tried and perpetuating the ideology that bound them together. but trying to unpick the language work out what was coming on was a huge challenge. but there is something about me as an ex anthropologist that may be very intriguing by the tried at the securitizations forum and on the basis i thought if i could learn this i could learn the language of ceos i sat about trying to impeach what was the one on. so as i sat in the hall i did what most journalists often do when they haven't got the foggiest idea what is happening. and i flipped through the brochure materials and started reading the biographies of the people from the tribe up on the podium and i noticed something very strange which was almost all of them appeared to had work

when i have got guinn and i to revere that are library inscribing on the phone to me i know that somethingis amiss because i don't think government should ever make librarians cry. [laughter] i just think that is a bad idea generally speaking. so i want to make sure i can say how much i hope your common sense takes firm control of the situation and that we quickly moved towards clear guidance so there are any remaining issues we need to go back and take a look at that we can do so and i think that let me give you an opportunity to speak to that briefly if he would, ms. tenenbaum. >> thank you, and i appreciate you being here and i appreciate your question. if i am confirmed as the chairman if confirmed to implement rules and regulations and issue guidance pursuant to the ec psa as soon as possible. the phones are ringing off the hook because there are unanswered questions about how certain sections of bill ball will be interpreted and what industries are supposed to do. consumer advocacy groups are concerned. everyone needs to know what the road map is going to look like. i have found in i