this portion of the hearing begins with an introduction by senate commerce committee chair john rockefeller, it's about 55 minutes. know, really cooperative relationship with the com >> return now to you. julius genachowski, and for those who may be trying to figure out how to pronounce his name, we've had researchers at work for three days on that, and it's pronounced chow -- >> well -- [laughter] >> you don't agree. >> we've changed our name. [laughter] >> genachowski? >> it's genachowski. thank you, chairman -- [laughter] >> you know, all these people -- >> that's your first victory over the chairman. >> all of these people are going to be laid off. [laughter] i would hope that you would introduce your family. >> thank you, chairman rockefeller. first, thank you to you for your generous -- >> [inaudible] [laughter] >> let me -- i should proceed to introducing my family before we lose, we lose my kids. i couldn't be happier that my wife, rachel gosselin is here and all three of my children starting youngest to oldest, aaron genachowski, leila, and my oldest son jake. i'm so pleased that m

, democrat and republican senators voiced their dispproval of the closing of dealerships and john rockefeller of west virginia is the chair of the commerce and transportation subcommittee. this is three hours, 15 minutes. >> uh, this hearing will come to order. three weeks ago chrysler announced it was going to terminate franchises on a nationwide basis. i spoke with pete lopez, who is here with us. he is not a dealer from -- he is an autodealer from west virginia, it's not the largest city in the world but it's one of the finest and right in rural west virginia and just sort of sets up the whole tone of this. and he learn that had his contract had been terminated. you know, with chrysler. so obviously he was very concerned about that. we talked on the telephone, and he was, you know, a lot of anxiety and concern and worry about his people, and in a sense in a flash his whole life's work probably of some 30 years or so of taking care of people and servicing cars and selling cars, both chrysler and general motors, you know, all of a sudden it appeared to be very much in jeopardy. so that's the

john d. rockefeller was considered the wealthiest man on earth when he owned standard oil company and all affiliate's. somebody said mr. rockefeller, how much is enough? to which he replied it just a little bit more. [laughter] if you are involved with money it is never enough so i point* that out in this book "right on the money" we need to give ourselves some perspective a man's life is not consists of the abundance of what he possesses and there is no way that money will satisfy somebody broke it is just more zeros you could add, so why? it does not make you any happier are stronger or live longer or anything except the fact you have another zero on your bank balance. so if you have a couple more is still does not mean anything. all of the rich toys five and 10 and $20 million houses, the latest high-speed $40 million aircraft and the rest of it it still does not satisfy them. we need to understand when we talk about money it does not satisfy. that is for starters. we also need to understand in terms of finance the average person has got to know how to manage their money. i understand at least 50%