that the issues, the scope of the project for parking, it certainly is back up to what will be the new gm. and it is huge. it will be [unintelligible] the neighbors are not opposed to the project, we are opposed to the size of the project. please consider our point. we're not there yet. i also lived next door. -- >> i also live next door. i want to reiterate what my neighbors said. we are not opposed to the project, we are opposed to the concept. just how it will totally completely overshadow us. think you very much. -- thank you very much. >> i'm the last of the neighborhood association. our issue is really with scope. i have taken pictures, and it is pretty clear. it is the character of the neighborhood, and as you can see, you know, we have an interesting fabrics in the neighborhood. even if you are completely out of scale, into this neighborhood, this is the way that booker t. is able to communicate and live in neighborhoods as it currently stands, it will be a difficult proposition. you have had this shoved down our throats. thanks. >> i am a property manager. i came here to ask you

that the issues, the scope of the project for parking, it certainly is back up to what will be the new gm. and it is huge. it will be [unintelligible] the neighbors are not opposed to the project, we are opposed to the size of the project. please consider our point. we're not there yet. i also lived next door. -- >> i also live next door. i want to reiterate what my neighbors said. we are not opposed to the project, we are opposed to the concept. just how it will totally completely overshadow us. think you very much. -- thank you very much. >> i'm the last of the neighborhood association. our issue is really with scope. i haveak

, the new gm is not. general motors has survived. it would have survived in some form having gone through bankruptcy on its own. the old gm is gone forever, and we know that because it did follow a different route and bought into a program that absolutely led it down a road that it could never recover from. it's just difficult to sit here and listen to the premise that general motors in its wisdom was able to eliminate private businessmen, people who had franchises. i was one of them. one of my franchises was taken away. not because i wasn't profitable, not because i wasn't hitting my market share and doing all the things i had to do. i had friends who absolutely not only were they terminated as dealers, they chose to exit as individuals. some people took their own lives because a business was taken from them by a procedure that had absolutely nothing to do with natural events. so while this may have been historic in the president's way of talking about it, it was absolutely catastrophic for small business

he was joking he might become the new gm of the knicks.shaq is retiring the diesel, the big shamrock and all of his other thick names. >> from now on, you guys can call me the big aarp, association for the advancements of retired persons. i am going to miss a lot about the game, the competition, the comradery, the friendship, the fans, joking with the media and i will really miss the free throws. >> the free throws. >> which he did with regularity. >> well, "nightline" is up next. >> for larry beil and sandhya patel, thanks for joining us. >> we appreciate your time. try to stay dry. have never in my lifetime did i think i could walk 60 miles in 3 days. 60 miles compared to what a cancer patient goes through is a walk in the park. from the moment i registered, people started immediately supporting me. i walk with my sister. our relationship has gone to a whole new level because of training together. you meet the most wonderful, inspiring people. when you accomplish those 60 miles, it's truly life-changing. (man) register today for the... b

the bad news is the average guy at gm has 20 points of iq on the average chrysler executive. now the good news, the average gm guy has 20 points -- i mean, gm has some of the absolute from a standpoint of iq and analytical capability smartest people i've ever come across. and they can't make decisions and many of them have no common sense. >> because they're too bound by numbers. >> total left brainers. no imagination, no ability to see the whole picture. >> and you say the focus was no longer on customers. and what was going to make the customer happy and loyal and dedicated to a brand. >> it was cars instead of being seen as a holistic object that would trigger lust or desire to buy were broken down into a series, infinite series, of submetrics like percentage of parts reused from the prior model and all kinds of dimensions, numbers of cup holders and so forth. and all of these subobjectives were pursued and somehow at the end of the day, if you did all that, you assumed you would have a great car. not! >> and the person who stands in opposition to all of this, the sort of e

after the restructuring, the new gm quickly exited bankruptcy in july 2009. the results of our nation's investments are now becoming clear, the first quarter of 2011 was gm's 5th consecutive profitable quarter. according to the economist with the economic policy institute, and i quote, federal, state, and local government save between $10 and $78 for every dollar invested in the auto industry restructuring plan, end of quote. the value of our investment in the auto industry becomes even clearer when we consider the cost, according to the center for automated research, even a 50% reduction in the operations could have reduced personal income by more than $275 billion over three years, resulting in a loss of more than $100 billion in state and federal tax revenues. the federal government investment saved hundreds of thousands of jobs and gave them a new lease on life. the committee will hear today from one of the principal architects for our investment, mr. ron bloom. i welcome his testimony. i also welcome the testimony of our other witnesses, former congressma

gm. coming up new at 4:30. will the disappointing jobs report lead to trouble for president obama. >> and i did not break the law. >> former presidential hopeless john edwards indicted of how he hid his affair and love child. >> tony sneakers are not for everyone. michael finney has a special sevenon your side report. >> rain is falling up north. we'll see record-setting rain for the weekend. we'll have the forecast coming up. >> we begin the half hour with new insight in the house fire that devastated the san francisco fire department. lute - lieutenant perez was killed in a routine house fire. you are going to hear fire department radio transmission between the crews and the scene and dispatchers . what turned in a deadly situation unfolded. >> engine 26 and engine 27 and battalion 6 and nine. rescue one. medic 74. >> dispatchers send several crews to the scene and expecting the worse when a fire broke out in a wood frame home. firefighters rushed in the burning house shortly after they arrived on the scene.

. >> reporter: enter detroit public school new emergency manager, roy roberts. the former gmthe crisis like a failing business. >> it's looking at the totality of this community and says, how do we put a system in place that makes sense for this community and do the best job of educating young people. >> reporter: that includes closing yet another 15 schools. >> parent should have a right to have a choice. if their children are in a place where they feel safe and where they're learning and they feel loved, that's a school that should stay open. >> reporter: by chartering schools the district no longer bears their cost but charter schools must operate more efficiently. >> we're doing it to put an alternative school in place where students can have a choice. >> reporter: if their school is chartered, students can choose to attend or go to another nearby public school. a 2010 study commissioned by the department of education found charter schools are neither more or less successful in public schools in achieving student achievement. though in some subjects, charter schools have

news on the web front. this u.s. senate and cia announced it's done with its wave of cyber tacks. the group has been on the campaign almost two months. >>> and gm weighing in on obama's new fuel economy requirements. according to the "wall street journal", says it will be tough but not necessarily unmanageable. and asked to analyze affects of the target. administration wants to boost fuel economy to this level by 2050, more than the current level and at the morning morning stock exchange, with the bloomberg after the bell report. >> bay area companies looking to fill 300 positions are looking for jobs there in sassoon city. this event is co-sponsored on abc 7 and the job journal tomorrow in sassoon city. we have details at abc 7 news.com. >> and what some people will do to save a little pocket change. >> people think they should haven't to pay tolls. >> florida police released surprising photos of what people there are doing avoid freeway tolls. >> and there is a sketch that could save you thousands of dollars. how well those compact stoves work. 7 on your side is straight ahead. [ male announcer ] using frontline plus shows your pet you care b

news conference. joked he might become the next gm of the knicks and retired all nickname adding a new one. >> so fromu have to call me the big aar p. association for the advancement of retired persons. i'm going to miss a lot about the gam game.i'll miss the competition. the comrade. the friendship the fans joking with the media and really miss the free throw. >> he did a lot of them. so funny today. he had all the index cards and it was just like a letterman routine. i would like to thank so and. okay cool then go to the next car. also like to mention. it was hilarious. >> he's so entertaining on the court and has a lot of charity. he will be on tv espn or somewhere. all over the place. >> that's this edition of 7 news at 9:00 for all of us here. thanks for watching. we appreciate your time and there goes all the ice creamiest done.

now a new player may rise above toyota and gm, german automaker volkswagen, the biggest player in china where car sales are off the charts. win china, win the world says e rebecca lindland. >> nobody should feel secure in the marketplace, because we are under a tremendous transition phase. >> reporter: toyota had no comment to cnn on the sales race. gm says it simply wants to build the best car while volkswagen looks forward to becoming the number one carmaker. regardless of what they say publicly, analysts believe they'll all be watching to see who can claim the winning spot at year's end. kyung lah, cnn, tokyo. i want to talk to you. you may have heard of poor leg circulation, which could be peripheral artery disease, or p.a.d. with p.a.d., if you have poor circulation in your legs, you may also have poor circulation in your heart or in your brain, your risk for heart attack or stroke is more than doubled with p.a.d. now, ask yourself: am i at risk? if you're not sure, call for this free information kit to learn more. [ female announcer ] call the toll free number on the screen now to

toyota's numbers would put it behind gm and possibly volkswagen in its year's global sales rankings. >>> a stake at new york's smith and molinski starts at about $37 but this year with warren buffett for charity goes for 2.63 million. >>> and finally, did bill gates just slip into an interview with england's daily mail by calling mark zuckerberg's girlfriend his fiancee? well, facebook is denying any zuckerberg engagement, calling gates' comment a misunderstanding. >>> but coming up, more on dallas taking down miami's millionaires. dirk and the mavericks bringing the nba crown back to the lone star state. your early morning sports headlines are straight ahead. >>> in weather we're starting off the work week just like last week. hot conditions in the south and storms in the north. >>> good morning, if you're just waking up, this is "early today." and in sports, as we reported earlier, the mavericks upset the miami heat in the nba finals, bringing dallas and dotcom billionaire owner mark cuban a long-awaited championship. once again here's nbc's mario solis with an early look at all your sports headlines

that would force drivers now to buy more fuel- efficient cars. [ laughter ] >> maybe gm is coming out with some newl-efficient cars? >> could be. i don't think that's going to be a real popular thing with the public. >> no. >>> international air transport association trying to make traveling a bit more convenient for airline passengers. >> this might be cool. they are going to make airport security lines less invasive in the future. here's a look at a futuristic security tunnel that can quickly scan shoes, your carry- on luggage and other items you might have. the association says it's trying to maintain safety while reducing the hassles of boarding a plane which kept many people from flying at all. the new system could be implemented in five years. >> i wonder if it has radiation or what. >> if it's anything that's easier than taking all your shoes and -- >> walk through, walk on, it would be great. >>> 5:49. a massive wildfire in arizona getting worse by the minute. how it's now threatening people in another state. >> plus, they championed same- sex marriage in california. but this morning why on

the and there is tons of speculation, monte to philly and new warriors head coach has said he wants to keep and today, gmy said barring an mazing offer, expect ellis to be a warrior next season. >> i'm pretty sure he will be here. and... it's just one of those things that seems like people take a story and it takes on a life of its own and goes crazy. that is what is all about. >> see, warriors have the 11th pick. giants and a's and the giants managed a grand total of five runs in three games in oakland. hough is hoping history repeats its self and the offense come as life, again. >> we came here last year and turned around. hopefully that gets them become in a better time. we're going to have to figure out ways of scoring. and working counts a little bit better, just not getting too much that have going on. >> the sweep gives a's hope in what is looking like a lost season. and the new manager provided a spark and owe so has the speedy new rookie jamal weeks. >> he can feel. and can hit. being called up on june 7th. there is a 364 average. >> i feel great this, is where i've been wanting to be. so this f

guber, they're putting a new look all around this franchise. 17 seasons he played in the nba did mark jackson, the gmphoto op, as well. we talked with jackson earlier tonight, and just talked a little bit about who he's about -- what he's about. >> you were a great player, third all-time in assists, do you think lacob looked at you and said damn, third all-time assists guy, i want to have him out for me, that your playing career got you over on this? >> i believe he looked at me and saw that everywhere i went that i was an leader, that was an extension of the coach on the floor. he looked across the table and saw himself. there are people that look at him and probably say you shouldn't be owner of the team, you have no business oning the team, why are you taking trades, why are you talking in the paper and he's looking at them like hey, i'm qualified. i put my time in and he looked at me and felt the same type of fight and struggle. >> do you think you can make the warriors a playoff team immediately? >> no, i don't think it. i know is. we will be a playoff basketball team and we're going to have a l

gm cars. we're also thinking -- taking additional steps. the new research on the internet so workers can sign on and see what jobs their skill sets allow them to access all across america. i was talking to burnie and he was saying a lot of the young people in this program, they think they can only get a job at the dealership and they realize there are a range of possibilities out there. you might end working up for company that -- like ntsa, making sure, bill safeties is practiced all across the country. part of what this web site will do is give people a better idea of the scope of the opportunity available. a new push to make it easier for high-school students to get a start on other degrees and 35 other participating schools because part of our task is making sure that young people on high school -- in high school see relevance between what they are learning. the new mentoring programs and scholarships for taking back careers in engineering. something that is vital to our manufacturing. and motr colleges and -- more colleges and organizations ar

could be the next gm from the knicks and retired old knick names and added a new one. >> call me bigsociated advance of retirement person. i am going to miss the game and comp tiddings and friendship and joking with the media and free throws. shaq scored 28,000 point missed 5000 free throse it is a big number. he's joking about it >> that's this eof abc news. im dan ashley. >> and thanks for joining us. >> we appreciate your time as always. closed captioning services, inc. this is "jeopardy!" today's contestants are a freelance video producer, originally from stockton, california... a singer and actor from new york, new york... and our returning champion-- a policy analyst, originally from lafayette, indiana... whose 1-day cash winnings total...

gm brian sabean's comments on the radio this week. tim kawakami, columnist for the san jose mercury news joins us in just a bit.ll also dive into warriors and 49ers talk as well. >>> we start with the pivotal game three of the nba finals in dallas. the heat comes in with the series tied at one. th

and others are selling new vehicles as used and taking the $7500 tax credit for themselves. that leaves buyers out in the cold for the credit. gm and regulators say there isn't much they can do about it. dealers are independent franchises, and they can set their own prices. >>> for the rest of your news before the bell this friday morning, we turn to nicole lapin, live at cnbc world headquarters. good morning. >> good morning, laura. happy jobs friday to you. futures are lower ahead of the biggest report of the week of the day of the month. may jobs report. job growth likely, as the impact of japan's earthquake sapped up strength from the u.s. economy. employers adding 160,000 new jobs, but that's the smallest since january. although some economists are saying the number could be much less. so we're really holding our breath there. unemployment is seen ticking down to 8.9%. u.s. stocks closed mixed on thursday, right ahead of the report. the dow falling, just to recap, 41 points, 12,248 is where we closed there. the nasdaq composite added 4 to 2773. >>> and sony may be the victim of hackers yet again. a group claims to have inf

both nissan and gm tell nbc news their cars do meet the minimum gircht safety requirements.ning to you. 8:26 right now. i'm laura garcia-cannon. muni drivers have voted down a tentative new contract agreement. but there will not be a strike. under prop g, an arbitrator will step in. whatever contract the arbitrator krailt creates, both sides must live with it. muni expects a new contract to be created by tuesday going into effect on july 1st. we'll be right back with weather and traffic. ♪ [ male announcer ] spare toothbrush, just in case: $4. ♪ home cooked meal: $28. ♪ first date finest: $33. ♪ having time on your side: priceless. mastercard paypass. bringing you the most convenient ways to pay. learn more at mastercard.com/paypass. >>> good morning to you. it's still gray along the peninsula. but we do have the sun shining over through the east bay. low 60s on the map. high pressure is going to warm us up into the 70s today. 71 in oakland. 80 up in santa rosa. 70 in san francisco. this will be the warmest day of the week. we're going to drop off just a hint. sun and clouds

gm best friend. may have kept him on the job longer than warranted but in the mid of long losing streak they need newoice, new energy so he's out after 4 and a half years. he was manager in 07. working as advisor in the d-backs organization. he will be in charm for the rest of the year. would would melvin arrival spark a turn around. in chicago no. bottom third. up 3. dunn deep on kay hill. shortest outing of the year. 6 runs on 8 hits. there it goes. paul takes brian downtown. paul 15th of the season. same old same old a's lose the tenth straight. final 9-4. giant hosting cincinnati reds. world series edgar returning to san francisco. championship ring and bunch of hug. pitcher dual gets him. goes 7. fans 7. not know support. johnny dealing 7 scoreless. torrez there. scoreless in the fourth. johnny gomez. petaluma a single up the middle. all need entered this game and win 3 nothing. giants were held to only 4 base hits. >> back to the nb a.do you think miami will win the next one. >> well i said originally dallas would win in 6. >> you stwibing that. i look intelligent right now so i'll stay with. t

news later today. on capitol hill a house subcommittee will hold a hearing on the last of the gm bailout taking place at also in the spotlight today. the feds hold a meeting on whether to raise interest rates. we expect to hear from federal reserve chair ben bernanke at 2:15. >>> president obama revealing his troop withdrawal plan for afghanistan in a prime time address tonight 8:00 eastern. >>> jon huntsman heads to south carolina today after declaring for the white house and conservatives want to know if he's flip-flopping on a health care mandate. host: could switching to geico really save you 15% or more on car insurance? host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes could save you 15% or more on car insurance. so delicious. i think you'll find it's the vegetables. deliciously rich. flavorful! [ female announcer ] toge

new battle is going on. will the history be protected. return to terra with julian cooper story on our t.v. . it's to the banks or an obscure. gm issue free credit you should be free good fortune.

will tell you he was at the low end of the totem pole and then he entered the gm program here at nova. he started to pick up new skills, led to better and more challenging work. he began to prove himself as a technician. after he graduated, he kept moving up -- >> you've been listening live a little bit to president obama. he's unveiling some new new plans to partner colleges with private companies so students are specifically trained an better prepared for the of ming jobs of the future. this is also coming off a summit that the president held at the white house with jill biden. she, of course, is a community college professor, one of the second -- one of the rare second ladies still having a job. it's part of the white house's goal of increasing the number of college graduates, at probably a financially more viable level. again, the president live there at northern virginia community college. >>> 8:41. back here at home, a heartbreaking lesson in real lifetime. how some burglars destroyed the dreams of fifth graders in the east bay. >>> a new facebook privacy controversy. it involves tagging friends. ♪ ♪ free

has a new survey on its website with a series of questions which let riders weigh in on the kind of gm they like. the transit agency has been without a full-time general manager since april. the survey will be done on line at bart.gov until midnight july 1. there is your chance. 5:53. let's check the morning commute. it's been pretty good so far. >> wow, wonderful. let's knock on everything imaginable. here is a look at the approaches to the bay bridge. check out this guy going 83 miles per hour. he better slow it down. moving on out here, taking a look at the maps. looks like we have a live look at oakland which traffic is flowing nicely there. if we want to go back to the maps, we can see that traffic through antioch is just getting jammed. 24 miles per hour at the slowest point. also, the case in livermore. tri-valley area commute definitely starting to pick up there. check this out. 17-minute ride from the altamont pass to the 680. so very slow and go. you know what, that's normal for this time of the morning. i'm happy to say there are no major incidents to report but again, i'm k

new were yours coach jackson wants to keep monty along with curry. together in the back court. today gmckbuster some crazy amazing deal ellis will be a war are your next season. >> i'm pretty sure that he willlis will be hear and it's one of those things that tl seems like l people take a story and it takes on a life of its own and goes crazy and that's what this is all about. >> we'll see. giants and a's beth have the day offment welcome back day after the a's complete add sweep in the battle of the bay highlighting giant biggest problem can't score runs lately. giants manage grand total of 5 runs in 3 games in oakland. fought going to get it done. huff hoping history repeats it itself and offense comes aleif again. >> last year turned around so hopefully that's the thing that gets done get if out and come at a better time. we have to figure out ways to score and no easy fix. we have to start working a little bit better and getting on awed and put pressure on. >>reporter: the sweep gives the a's some hope and looked like a lost season new manager bob has provided a spark so has the spe

new york. allis allison? >> the world's biggest automaker expects profits to drop 31% this year. that's $31 billion less than last year. gmim the title of world's biggest automaker. meantime, ford is ramping up production in an effort to grow. ford is hoping to sell 8 million vehicles a year. that's aggressive considering they currently sell 5 million a year. felicia? >> that's, alison. the job market is expected to be under pressure for a while. they are expecting state and local government to cut 110,000 record jobs in july through september. what's worse, this could be just the tip of the iceberg. many states are still dealing with budget problems because tax receipts are still below pre-recession levels. poppy has what's coming up in business news. pop poppy? >> president obama is headed to north carolina next week. he's scheduled to meet with the jobs repetitiveness council, it's a group he created to learn how to strengthen the u.s. economy. the imf is scheduled to release a short list of the candidates looking to become its next managing director. that job opened up after dominique strauss-kahn resigned after he wa

new jobs last year. >> general motors is pleased to announce we will invest $331 million in arlington assembly. >> reporter: businesses like gm are growing while other companies are relocating to texas. attracted by lower taxes and what many consider a business friendly atmosphere. >> california based in and out burgers expanding into texas opening ten new stores in dallas this year. it means 500 new jobs that start between $10 and $14 an hour. the store managers make more than $100,000 a year. what did it mean to you to find this job? >> it was great. just knowing that i had a job. knowing that i had a paycheck coming in every two weeks. >> reporter: tomorrow the government will release its report on new jobs added in may. analysts expect 60,000 fewer than the month before. another sign the nation's appetite for jobs isn't being fed fast enough. well, the experts we spoke with hope to see some improvement on the job front by the end of this year of course. that's not nearly soon enough for those looking for work. chris? >> cbs' don teague for us in dallas this morning. don, thank you. wednesday was the worst day wall street

gm wants you to pay more for gas. why he wants a tax hike to benefit his company, company. >>> and the new crackdown on toll cheats in>>> and let's check the stock market numbers. it's early. everything is down a little. coming up we'll have an update from kcbs moneywatch reporter jason brooks. so stay with us. ,,,,,, i know you're worried about making your savings last and having enough income when you retire. that's why i'm here -- to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your green line. but i'll be there every step of the way. call or come in and talk with us today. >>> low clouds and fog clearing out this afternoon. temperatures will warm up. warmest temperatures in quite some time. outside we have temperatures running in the 50s and the clouds all the way to the interior valleys this morning. that will break up. this afternoon, sunshine and nearly 80 degrees in the warmest parts of the bay area. 70s in the san jose area. low clouds and fog hug the coast and moving onshore. but it's going t

gm cars. >> you are listening to president obama talking about the importance of creating jobs in america. the kron 4 morning newsthe forecast, is starting to break up. by the new, partly cloudy conditions with a lot more sunshine, it is in the '70s before the clouds come back into the evening. here is a quick look at where we see the heaviest fraud. -- fog. visibility of two-5 mi.. in santa rosa visibility is below 2 mi.. otherwise we're looking pretty good. temperatures are beginning to pick up. 54 in san francisco, 55 in oakland. prc more 58 we -- are seeing more temperatures at 58. the sunshine is starting to have an impact. in antioch, 61 degrees, 57 in san jose. all in all, a great way to start wednesday. to redress this afternoon are in the mid-upper 50s, here is where the of our highs will be. low-mid-70s in the south bay. the delta at livermore valley will see warm sunshine and it will continue. as we look at the satellite view, we expect clear skies and a lot of sunshine, warm temperatures in store as we make our way through the week. here is your 7 day forecast. tomorrow, we get into the low 80s. peopl

new technology and other things. we are the only country where we are always crying about what the government does for gm, chrysler. the government is doing it for gm, chrysler, and the people. guest: you are exactly right. we have an aversion to any sort of government intervention in the manufacturing sector. it does not mean the government will be running a factory. that is the last thing we want to do. if you look at successful manufacturing countries, they do provide support for both business and labor, in making them more competitive, and they do it in a couple of ways. they provide help for research and development. they provide help in emergencies. they help with skills and training. there is a lot of collaboration. they also provide a level playing field for the manufacturing sectors. as a result, a country like germany, where wages are $40 an hour, compared to $23 in the u.s., is highly competitive they have more of their manufacturing sector in the gdp. i am not saying we need to be germany, but we can draw from those examples and have a strong manufacturing sector. host: next phone call from virginia. ca

gm with government bailouts and for bringing the economy back from the brink of depression. but with unemployment so stubbornly high and republicans blocking the president's plans to stimulate growth with newresident's reelection campaign. >> there are several candidates who could easily beat obama if the economy is bad enough. >> reporter: no president since roosevelt has won ree election when the unemployment was higher than 7%. perhaps another example is the first president bush. his approval rating was sky high, 88%. but just 16 months later, that rating plummeted to 31% after the unemployment rate soared to 7.5%. he lost the election to bill clinton. ronald reagan won the election even though unemployment was over 7%. >> if the economy is going downhill, the incumbent president almost always loses. if the economy is improving, the incumbent president almost always wins. >> reporter: most economists believe that unemployment rate is still going to be painfully high on election day next year. the key for president obama will be whether it's moving in the right direction. chris? >> chip reid at the white house this morning, chip, thanks. >>> jeff glor is over at the news desk with one la

new technology and other things. we are the only country where we are always crying about what the government does for gm, chrysler. the government is doing it for gm, chrysler, and the people. guest: you are exactly right. we have an aversion to any sort of government intervention in the manufacturing sector. it does not mean the government will be running a factory. that is the last thing we want to do. if you look at successful manufacturing countries, they do provide support for both business and labor, in making them more competitive, and they do it in a couple of ways. they provide help for research and development. they provide help in emergencies. they help with skills and training. there is a lot of collaboration. they also provide a level playing field for the manufacturing sectors. as a result, a country like germany, where wages are $40 an hour, compared to $23 in the u.s., is highly competitive they have more of their manufacturing sector in the gdp. i am not saying we need to be germany, but we can draw from those examples and have a strong manufacturing sector. host: next phone call from virginia. ca

now what you have is in the case of gm and ford, most assured and cries are coming behind, particularly with their new particularly with their new technology, all three of these covers are going to be able to offer america's fuel-efficient cars. the cruise is selling off the law. the focus is doing well. obvious he nobody was for high gas price but brown is that these three in particular are able to address consumer demand in that context and that i think is a very positive thing. >> once the governments current stake in chrysler in dollar terms? >> well, we own 6.6% of the common equity of the company. and it's a private company so there's not a stated number for the value. >> and if you were to divest that now, with the company get by without a? >> it was -- fiat announce publicly so this is not a piece of news, but fiat do as you know what is the entity that put in a lot of technology and recently invested 1.3 billion in chrysler had option to purchase our state. and last week they notified us that they're going to exercise that option. and so i think at some point, we don't know when, but at some

new technology and other things. we are the only country where we are always crying about what the government does for gm, chrysler.nment is doing it for gm, chrysler, and the people. guest: you are exactly right. we have an aversion to any sort of government intervention in the manufacturing sector. it does not mean the government will be running a factory. that is the lasthing we want to do. if you look at successful manufacturing countries, they do provide support for both business and labor, in making them more competiti, and they do it in a coue of ways. they provide help for reseah and development. they provide help in emergencies. they help with skills and training. there is a lot of collaboration. they also provi a level playing field for the manufacturing sectors. as a result, a cntry like german where wages are $40 an hour, compared to $23 in the u.s., is highly competitive they have more of their manufacturing sector in the gdp. i am not saying we need to be germany, but we can draw from those examples and have a strong manufacturing sector. host: next phone call from virginia. caller: i think there woul

>> by the shareholders. >> under the new gm? >> the original board of the new gm was put forward by the treasury department. >> to say that the decisions were not made by the treasury department, these were people appointed by this administration. there were not elected by shareholders. >> we were the largest shareholder. the distinction i was trying to make was that as the employees, we did not make these decisions. we entrusted a group of independent men and women. >> the appointments came out of the administration. having said that, there's a huge difference between a shareholder that was elected and a new gm because of the way you divvied up the company. you established who the board of directors would be. it was not done in the same way. it is important to be honest about that. i recognize the ranking member for one minute. >> this question about whether not the government controls gm is the focal point. the points of the chair just made, the relationship between the new board there resulted in a lot of dealers closing, i s