he certainly should have known he was going to get the jeffrey immelt question from you and seemed a surprised by that. >> bill: i don't know if he even knew immelt was in the box. but isn't it a little weird? you're a liberal democrat and there is the president, we all agree that we'd like to have as many jobs in america and then there is jeffrey immelt, his big pal, job creation czar, whatever title he has, he's sitting there next to michelle obama and he's -- he can't send jobs to china fast enough, and i didn't bring this up, but he's sitting $5 trillion on overseas money he's not paying taxes on. and there is the president pounding all of this and look who is up there, the poster boy for everything he's saying shouldn't be done. >> i think you actually found one area where you and i might agree on something. and i think there are other people who probably feel the same way about that. but the president chose him for whatever reason to be on -- the president of his council on jobs and competitiveness. of course, he's going to be there of. >> bill: but this goes to the sincerity f

ceo jeffrey immelt one of the president's top economic advisors. as you may know, mr. is shipping some g.e. business to china. he is sitting on billions of dollars overseas that g.e. has paid no tax ons. talk about a loophole that struck talking points as disengine -- disingenuous. guess who moved tech division to china? that's jeffrey immelt. made in america, jay? you should -- you, jay, you should have -- and threw him out of that box. [ laughter ] is he a lot bigger than i am, bill. you are big enough maybe you could have done it. >> bill: i would have done it if you let me give me permission. >> the president is not saying that every american company should not have business overseas. >> bill: not good enough. if mr. obama is sincere about creating american jobs and closing corporate loopholes he must quit surrounding himself with men to ho could just that. the interview posted on bill o'reilly.com. talking points believes president obama is sincere that he wants the economy to get better and create jobs. in his own self-interest to want that. the problem is presid

jeffrey immelt is president obama's job czar. in his day job, he's the ceo of general electric. >>> then why in the world is oil about to be drilled right off america's coast without any american involvement? >>> next up, the palestinian territory's quest for statehood. akos in egypt. the fate of gadhafi. a roundtable of top experts looks at all of this and more. >>> and finally, one last look at an area where america's top-dog status has been reaffirmed. >>> before i give you my take, a programming note. don't miss the cnn special tonight, "restoring the american dream: getting back to work." top american leaders join me to talk about how to fix the unemployment crisis. that's at 8:00 p.m. eastern and pacific. >>> now "my take." the european crisis you have been reading about in the newspapers is worth watching very carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy, which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you

much a part of the american culture that i think is -- will ultimately play out. >> my thanks to jeffrey immeltu can see more of this interview with immelt and with the ceos of general motors, dow chemical and starwood hotels and senator hutchison of texas all on "restoring the american dream, getting back to work." that's my special airing tonight at 8:00 p.m. eastern and pacific. there is a lot of talk in washington about fixing the unemployment problem. we'll tell you where we need action. quick ways to get people back to work. we'll be right back. her morning begins with arthritis pain. that's a coffee and two pills. the afternoon tour begins with more pain and more pills. the evening guests arrive. back to sore knees. back to more pills. the day is done but hang on... her doctor recommended aleve. just 2 pills can keep arthritis pain away all day with fewer pills than tylenol. this is lara who chose 2 aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. >>> now for our "what in the world" segment. can you remember what explosive crisis amer

>> well, there were a variety of folks in that box. >> ceo jeffrey immelt. tall guy jeffrey immelt?sure. >> guess who moved his airline division to china and his medicine tech division from wisconsin to china? that's jeffrey immelt. made in america, jay. you should -- look, you, jay, you should have threw him out of that box. [ laughter ] he is a lot bigger than i am, bill. you are big enough maybe you could have done it. >> all right. so i made a complete fool out of myself as usual, right? >> you know, you had an expression at one point that was just a mosaic of emotions to form that facial contortion. you will see it in a minute but with jay carney what he did was not only did he express so much with his lips and this -- there we go. that was you, bill. >> what is that. >> that was enormous amount of emotion pinned into that one facial gesture. >> bill: no. you are the expert what's the facial gesture mean. >> it would take me a long time the tongue swiping across the entire mouth. the eyes squinting down. that was powerful. but, jay carney has, look, look at this look as he goes

since jeffrey immelt, your close personal friend took over g.e. g.e. has lost 34,000 jobs in the united states. they added 25,000 overseas and now there are 36,000 more g.e. workers overseas than in the united states. which is pretty much the reverse of what it used to be. >> bill: you know that but fareed does not know that as soon as he said we are going to hire 15,000 that was the end of that a miracle happened "newsweek" magazine actually said something nice about me. it all goes back to killing lincoln, which comes out next week, a week from tomorrow. and i thought it piece was -- i very rarely do print interviews, bernie, peter has been around for a long time he did a fair and balance job, rht? >> he did. i read the whole interview. i think the reason you got a fair shake is basically for one reason. peter boyer. he is smart. he is perceptive and most of all, he is a decent journalist. i don't mean a decent journalist, he is much more than a decent journalist. he is a decept guy who plays fair. >> bill: he has done a the love writing on cbs so yo

i like president obama, i respect president obama. >> that's jeffrey immelt.leaders tonight as they try to come up with answers to our unemployment problem on fareed zakaria's prime-time special "restoring the american dream: getting back to work." it airs in about 20 minutes here on cnn. >>> studies show poverty and obesity goes hand in hand. this week's cnn hero learned that for herself when she moved into her east harlem neighborhood and she decided to do something about it. >> i grew up in very low-income areas. i experienced a lot of poverty. homelessness as a child as well. but it taught me to retwine myself and to not let your past determine your future when i moved to new york for school, i was living in east harlem and there's very few places to buy fruits and vegetables and healthy food. it's the most diabetic and obese of all the neighborhoods in manhattan. people were super malnourished. i saw the connection between poverty and obesity, and it just seemed unjust. and i had to do something about it. my name is gina keatley and i'm giving nourishment

the head of general electric, jeffrey immelt, and u.p.s. chief scott davis have both said a double dip is unlikely. but just in case, some strategists recommend investors position their portfolios defensively. >> we think the best bet for your typical investor is to focus on high quality dividend- paying stocks in the utilities and consumer staples sectors while simultaneously avoiding financials. >> reporter: so although utilities and consumer staples may not be terribly exciting investments, safety may be more appealing to many investors these days. erika miller, "nightly business report," new york. >> tom: still ahead, from i.d. theft to being safe during a semester abroad, why insurance is important to life on a college campus. president obama has visited ohio and north carolina this week, hoping to put pressure on republicans to act on his jobs bill. today, washington got a very different version of how to create jobs. house speaker john boehner said the vision the president laid out is a poor substitute for the pro-growth economic ide

jeffrey immelt an interesting job outsourcers who also as president obama's job creation council fifteen million dollars and didn't pay one dime in taxes in fact they got a three billion dollar rebate courtesy of you and me the taxpayer the c.e.o. of e bay john donoghue got a fat twelve million dollars paycheck last year is corporation paid no to. axis and like g.e. got a one hundred thirty one million dollar tax rebate horizon c.e.o. i haven't signed a bird made eighteen million dollars and then got a seven hundred five million dollars tax rebate from the government and the list goes on and on thanks to armies of corporate lobbyists who blown massive holes in the corporate tax code and unpatriotic c.e.o.'s who dragged their corporate treasure chests overseas and stashed away profits in secret bank accounts in places like the isle of wight and the cayman islands each and every year more and more corporations get by without paying any taxes at all and when corporations like these don't pay their taxes guess who gets stuck with the bill for the schools and courts and streets they use you a

. >> jeffrey immelt. do you know jeffrey. >> he didn't pay any taxes. that's terrible. >> bill: so, tell me that the president of the united states is interested. >> but i don't want you. >> bill: he is not. >> i don't want to you throw up your hands at a legitimate outrage and, therefore, refuse to face what is something that you ought to be as angry as i am about. >> if there are some corporations and rich people. >> thank you. >> not paying any taxes. >> thank you. >> bill: go after this. that's not what this is about. president obama has made this a class warfare campaign. that's where he is going. he is not interested in reigning in spending, you know that he is not. he is not interested in reforming the muffin problem. we haven't seen any of that. okay? yet, you still support him. >> he is talking about making significant. $1.5 million worth of cuts right out of the box. at the same time. >> bill: a 1.5 cuts. >> >> same time. >> bill: you know that. >> student loans are ridiculous. housing costs are horrible. health care is something that people c

the president himself along with gm's jeffrey immelt joked about.vel-ready jobs not exactly shovel-ready. >> sean: the president i think has set himself up. i go on vacation when i come back there's going to be this big speech. first he to move the speech because he was playing political games with the republican debate. then he has to move the again, because it is conflicting with football. >> hard to be president these days, right? >> sean: what can he said that would inspire the american people if this is what with we are getting as a preview? >> whenever president has lost the trust and confidence of the public on an issue as central to every american's life the health of our economy, the ailing health of our economy right now. the first hurt regain trust. i don't know how obama presents this speech as anything more than a political move. when he has been so political in every aspect of his treatment of the economy. if he gets into office. he says i'm going to reach across the aisle in the meetings to discuss the stimulus he says i won. doesn't

that's according to this man right here, ge's ceo jeffrey immelt. that revenue would come from things like gas turbines, jet engines and the like. the other divisions are aviation, transport as well as health care. these divisions added this much money to ge's bottom line in 2010. $5 billion. that was a testifiment to ge's investment in the country. by the year 2014, three years from now, it says it wants to double this number to $10 billion. to help it get there, on wednesday the company announced it would put in seed money in the form of a challenge called the ge eco-maginatino. coca-cola is also committing even more money to the world's most populous country. in august, just last month, it announced it would invest this much money, $4 billion in china in the next three years. it also plans to invest in yet another emerging market. that would be russia right here, all in green. and reports also from various news agencies say that coke could actually open up operations in one other country over here, potentially right here, in north korea. that mig

and they had of president obama's jobs council, the ceo of general electric, jeffrey immelt. >> we don't want to see the country the way it is right now. we want to be part of the solution. we want to hire people where it makes sense. we want to hire them in the u.s. where it makes sense. >> first, let's understand the nature of this jobs crisis. it's not just the result of the 2008 financial meltdown. we're suffering from long-term economic forces that have been in the making for two decades. you'll be stunned to see a chart that makes this clear. let's get started. -- captions by vitac -- www.vitac.com >>> so what is the nature of this jobs crisis we're experiencing? helping to explain it for us is a top expert on jobs. byron ogis of mckenzie and company, the global consults firm. recently he wrote a revealing analysis of the country's employment predicament, looking at the past, present and future. he's not only going to tell us what's going on, he's going to show us. byron? >> thanks, fareed. let's go all the way back to the recession of 1948. the u.s. lost jobs in that recession. pe

. >>> up next, our top stoirs and then on fareed zakaria, gps, a conversation with ge's ceo jeffrey immelt the network. a living, breathing intelligence that is helping business rethink how to do business. in here, inventory can be taught to learn. ♪ in here, machines have a voice... ♪ [ male announcer ] in here, medical history follows you... even when you're away from home. it's the at&t network -- a network of possibilities, creating and integrating solutions, helping business, and the world...work. rethink possible. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. >>> time for a check of today's top stories. the u.s. geological survey says a 6.8 magnitude earthquake struck sikkim, india in the northern region of the country. no major damage was reported. >>> another setback

. >> that was jeffrey immelt.r american leaders give their take on unemployment on fareed zakaria's primetime special "restoring the american dream: getting back to work" tonight at 8:00 eastern here on cnn. >>> the glitz and the glamour of the emmys. we have a live preview from the red carpet right after this. introducing the schwab mobile app. it's schwab at your fingertips wherever, whenever you want. one log in lets you monitor all of your balances and transfer between accounts, so your money can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime the inspiration hits you. even deposit checks right from your phone. just take a picture, hit deposit and you're done. open an account today and put schwab mobile to work for you. this is t kind ruck that has it all. ♪ gue thameans youan dit all. it's thevseason of doing now combine the all-star editn discount with oer offers for a tal value of $6,000. or quifieduys can get 0% apr for 60 mont p

then on "fareed zakaria: gps," a conversation with president obama's job czar, ge's ceo jeffrey immelte for today's "sound of sunday." president obama is expected in the rose garden tomorrow to sell part two of his jobs plan, the how to pay for it part. it will include the notion of a millionaire minimum tax rate to be at least as high as the middle-class rate. it is dubbed the buffett rule after warren buffett, who says he pays a lower percentage of his income to taxes than thin anyone in his office. >> class wafr may make for really good politics but it makes for rotten economics. we don't need a system that seeks to divide people. >> if warren buffett would like to give up some of his benefits, we'd be happy to talk about it. i think assessing benefits is one of the ways we're going to have to solve at least the social security and medicare problems long term for the next generations. with regard to his tax rate, if he's feeling guilty about it, i think he should send in a check. >> former president clinton was the administration's utility infielder this sunday morning, defending th

i see a lot of jeffrey immelts who has never built a business from the ground up and i really don't get- the best example of corporate money sitting in foreign bank accounts and not being repatriated is jeffrey immelt and the entire general electric dump sitting in the hudson river near albany that has never been cleaned up properly and should be cleaned up. yet we are operating in a general election a company that got an enormous amount of tarp money. the image. immelt and the corporate image is absolutely outrageous. host: let's look at how other candidates are using small donors. she raised $1.1 million as primary rival met ron they -- met romney -- as much as mitt romney did in two months. rick perry and run they are vying for a smaller pool of big donors to generate cash for their campaigns. chicago, illinois, democrats line, good morning. what do you think the impact is of small donors? caller: this wonderful president, one point that he keeps driving home that will cause donors to start rolling in is the american people do not have 14 months to wait. he drives that, and the donor

but you know who's not with you, jeffrey immelt and he's sitting with the first lady, doesn't look good>> mr. immelt has done a lot of good jobs on the jobs council with other ceo's who are working hard to propose ideas to help get this economy going. >> all right. >> and he may have done a lot of the work on the jobs council but esteeming up with china to create airplanes that will directly compete with boeing. >> right. dennis kucinich declared he should resign from his position. >> how about the president saying, you know, during his speech, you know, and warren buffet, he actually pays less tax than his secretary and he wants to pay more taxes. and when -- when the president was talking about he wants to pay more taxes, mr. immelt's company, g.e. didn't pay any federal income taxes last year. that would have been embarrassing for him. >> what's been brought up is that warren buffet pays money on capital gains taxes and his secretary pays on the income taxes so it's apples and oranges. >> we can talk about that later. >> promise? >> yes. if warren buffet wants to make more money, i t

this weekend, fareed zakaria cites down with the president's job czar, jeffrey immelt, former ceo fortric aleele. let's listen to what he says. >> a lot of the problems you see that needs to be fixed to get american employment up, to really transform the jobs situation, these are big changes, the long-term challenge, educational system, whole system of reforming the bureaucracy, getting much more deeply invested in infrastructure. we're not doing most of these things right now. are are you confident we're going to be able to do them? >> look, i'm optimistic and confident because i believe in the end our system works. i actually look at where we are today as a natural progression of economic crisis, anger, fear, all of that kind of playing out. in the end, we've got to work together. you know, in the end we've got to find ways to drive common solutions to bigger problems. i think that's true for the private sector, businesses working together. i think it's true between the public and the private sector. so ultimately what we have to get to is we have to have a logical discussion about

their ceo is jeffrey immelt. he was a big supporter of president obama. general electric is one of the biggest manufacturers of light lbs. they are manufactured in china. there was a vote in congress a little while ago to ban incandescent bulbs. is the band going to be voted on again? when they close all of these plants -- there were 40 plants that manufacture incandescent bulbs. they were sending jobs to china. am i right? tried to get rid of these fluorescent bulbs. you have a problem with the mercury in there. will that be another vote on ban that ban >> i do not know the answer to the question. i am personally in favor of libelled freedom. -- light bulb freedom. [applause] they emit different shades of light. let consumers decide. consumers can sort this out. i do not think we need a ban. >> my name is bob. i am a local resident. two quick items. back to the jobs. in order to create jobs, how do you come down on these three items. to me, you need consumption. you need to have people buying things so that compans will be forced to produce more. now you

look at the guy who heads up his jobs council over at general electric, jeffrey immelt.they shipped to china? >> thousands. >> that's a cynical approach to the news, steve. >> just saying! >> but one of the biggest criticisms that i think lands and sticks the most with this administration is $850 billion in stimulus. how is it spent, did it save the economy or not save the economy? the problem is he went for his agenda within this emergency package. that's an agenda item. this money is for somebody -- who somebody wants to do, not save a country's economy. >> the spending of our money has been politicized. it's gone to politically correct projects, essentially. this green energy jobs, $38 billion allotted to back up loans for green nrpg companies. -- energy companies. 3,545 permanent new jobs in the green energy field after two years! >> they cost how much in stimulus money for us. >> if they create all the jobs that they expect to create, it is a major success and they really do well with this thing, each job will cost $640,000 usd. >> stimulus money. >> that may look g

their ceo is jeffrey immelt. he was a big supporter of president obama. genel electric is one of the biggest manufacturers of light bulbs. they are manufactured in china. there was a vote in congress a little while ago to ban incandescent bulbs. is the band going to be voted on again? when they close all of these plants -- there were 40 plants that manufacture incandescent bulbs. they were sending jobs to china. am i right? tried to get rid ofhese fluorescent bulbs. you have a problem with the mercury in there. will that be another vote on ban that ban? >> i do not know the answer to the question. i am personally in favor o libelled freedom. -- light bulb freedom. [applause] they emit different shades of light. let consumers decide. consumers can sort this out. i do not think we need a ban. >>y name is bob. i am a local resident. two quick items. back to the jobs. in order to create jobs, how do you come down on these three items. to me, you need consumption. you need to have people buying things so that companies will be forced to produce more. now you h