newt gingrich, and also revving up the economy, we have carlos gutierrez and carmax founder austin ligon. homestretch politics with peter baker of the "new york times" and a.b.stoddard of the "the hill." i'm candy crowley and this is "state of the union". >> democratic governor jerry brown sad out this year's convention was back home grappling with his massive state budget. a $16 billion deficit, he cutback what he didn't want. this fall the governor wants voters to approve a tax hike for the wealthy and increase in the sales tax. the outcome could have implications for spending mettles in washington and state capitals across the country. joining me is governor of california jerry brown. thank you, governor, for joining us. let's talk a little bit about where we are as a fall campaign begins. we just got another lackluster jobs report and a lot lower of job creation than folks thought it would be, and can president obama lose this election? >> well, obviously, anybody can lose or win an election. these things are not absolutely determined, and this is a close election, but i would say th

stod do the founder of carmax austin ligon.ant to play you something that elizabeth warren now a candidate for the u.s. senate said at the convention. >> the system is rigged. look around. oil companies guzzle down billions in profits. billionaires pay a lower tax rate than their secretaries and wall street's ceos, the same ones who wrecked our economy and destroyed millions of jobs still strut around congress with no shame demanding favors and acting like we should thank them. >> let me start with you. do you understand why businesses think that the obama administration has been anti-business. >> well, you have to differentiate between wall street and businesses. wall street is concerned that we put regulation back in place, and they caused essentially the financial collapse and we don't have a regulatory system to solve that yet. in enormous numbers the finance industry has been against the president this time, because it is in their interest. broader business is much more evenly spread, and -- >> and yet we hear all of the t

. >> austin ligon won't be the only ceo speaking at the democratic national convention. senigal from costco is set to give a speech. the convention officially begins on tuesday. >>> "sweet home alabama" or "freed bird" and you know what clasic southern rock band i'm referring to. band members tell us how they got that name lynyrd skynyrd and it has something to do with this man right here. >>> if you have to go out today, can you continue watching cnn from your mobile phone. you can watch cnn live from your laptop. cnn.com/tv. mom: ready to go to work? ♪ ♪ ♪ ♪ every mom needs a little helper. that's why i got a subaru. announcer: love. it's what makes a subaru, a subaru. so how much do we owe you? that'll be $973.42. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the last thing you want is to spend too much on your mortgage. one more way quicken loans is engineered to amaze. ♪ ♪ i can do

. >>> coming up carmax car founder and former ceo austin ligon on the election, angel investing and the. he is an actual obama surrogate i think. >> yes. >>> plus it's thursday -- he's in the car business. now i get it -- which means weekly jobless claims are out, we'll bring you the data and break it down for you at 8:30 eastern this morning. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ ♪ [ male announcer ] introduci

austin ligon. nothing like the republicans. a point in making it so with her speaker roster. >> at the end of the day, business and labor must -- neil: the later part of the problem? >> no, people working and raising benefits are part of the solution. neil: a lot of public-sector workers here, taxpayers -- [talking over each other] >> we need business and labor to find common ground. we need both. [talking over each other] [talking over each other] >> the radical pole position is not good for the country. businesses need to make profits and workers need to make wages. neil: do you think barack obama has perpetuated that? >> i do not. i do not believe that. because we see so many working people working more, longer, making lesser benefits. neil: when he goes after private capital, do you think that's fair or accurate or right? [inaudible] for the president bring them in, there's nothing evil about it. [talking over each other] [talking over each other] >> these banks with the glass-steagall act, they took off, they went over a c

[crowd cheering] >> please welcome austin ligon, cofounder and retired ceo of carmax, incorporated. >ed carmax 19 years ago, we had a simple idea to make buying a used car transference an eyes process. today carmax has grown to be america's largest retailer implying 17,000 people in 30 states and one of fortune's top 100 companies to work for. we worked hard to build and conceive an idea for carmax but we didn't do it alone. we succeeded because we had intensely committed associates. healthy and flexible capital markets, good roads and bridges that let us move product rapidly, cooperative federal, state and local governments that helped us have clear rules of the roads and plan and grow our business. as a businessman, i know president obama understands what it takes to spark economic growth because i've seen him in action. when he took office, he inherited a massive structural deficit from his republican predecessor, an economy free fall and most importantly for me personal leanna toe industrly an the verge of collapse. there was restructuring of two of america's largest corporations,

i came from a leftist background triet ligon the united states i am arab. new -- mellow.ear a republican plan about the change in the united states, and i ask them okay, fine. now we don't have a bipolar world and if this world as they dominated by one political culture would you rather that political culture be put into the political culture, china's political culture, india's political culture, iran, brazil coming european to defend themselves what they have done when people would be killed because of their ethnic and religious background, they were forced to intervene and in the end they stopped and what did i see headlines in the arab world the aggression against the sovereignty which country you want to be dominant. from the roman empire to the british empire to the american empire and i use that term loosely. in essence the united states is not the clich and i did it is true i want the united states to the political dominance and not russia or iran and i know the limit of the europeans so it is a forgotten region that the united states is a factor whether we lik