same sharecropper outcome test that you just objected they would never allow motor ola to go to china or gm or ford or anybody else. [inaudible] >> just for the benefit of folks upstairs that the american companies invested in china are not government-owned companies. we, as you know, pat, 'cause you've been involved in the legislation, have considered over the years whether to trea government-owned companies differentve in terms of their right to invest in the united states. and we've chosen not to. we have a slightly higher degree of screening for them under fensa after dubai just dating backof three or four years but that's only screening for national fesecurity. it doesn't have to do with them as a owner or a player in the american economy. we've chosen not to take that route of having a two-tiered system and it's worked pretty well for usco to date, i would argue. >> yeah, quickly, pat you and i have talkeod about the imbalances. i just want to make one point for everyone else's benefit. when you're talking -- your fear of china is really a long-term fear. soe's are so far away from ow

a gm part supplier or a gm dealer. faced with this crisis, the bush administration extended $4 billion to gm in december 2008 and an additional $5.4 billion in 2009. when the obama administration took over, they required that gm and chrysler implement viable demands and compete in the changed auto industry. 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

this question about whether or not the government controls gm's decision, that's the focal point here, and the points that the chair just made, mr. kelly made, the relationship between the new board, decision makers that results in a lot of dealers closing, that -- i see that as a legitimate line of questioning. but one of the things it does not establish and i just want to say this for the record is that mr. bloom himself had anything to do with it. and you kind of indicated that when you were charging the, on behalf of those who lost their dealerships that it's not necessarily that mr. bloom had anything to do with it, but i think the chair is well taken in probing further how those decisions were made. i think public has a right to know. i think the public has a right no to know. thank you, mr. chairman. thank you. >> and with that, i'm going to thank the panel. mr. bloom, thank you very much. mr. snowbarger, thank you very much. we are going to recess for one minute, and then we have a final panel after that. thanks so much. [inaudible conversations] [inaudible conversations] >> w

political games that need to be played to take care of carlisle's interest in china or coca-cola's or gm or boeing or whoever else. there's no way to predict that. it's not about principal. it's about this golden thing and we're going to use it, this reciprocity, right, that's open-ended. i believe that he's correct. that the administration white house since reagan -- since ford, actually, have taken a position closer to number 2 that it's not in the u.s. interest to have that tactical ambiguity about what our attitude is about inward investment. that the u.s. is the world's biggest global investor and our interests are maximized if we get other people to play by those rules rather than opening up opportunity for k street lawyers to get more fees to make sure that you run the traps and don't get caught up in derek's dragnet. >> well, we're back to derek, of course, it's about principle and reciprocity is about principle. and a very good principle not exactly the one i'm outlining but the principle i'm outlining is to push for open markets beyond just chinese investment in the u.s. but le

or gm, or ford or anybody else. pat says for the benefit of folks upstairs that the american companies invested in american companies are not government owned companies. we, as you know, pat, you've been involved in the legislation, have considered over the years whether to treat government owned companies different in terms of their right to invest in the united states. and we have chosen not to. we have a slightly higher degree of screening for them under fensa after dubai. just dating back three or four years. but that's only for screening for national security. it doesn't have to do with them as an owner and player in the american economy. we have chosen not to take that route of having a two-tiered system. it worked pretty well for us to date, i would argue. derek in. >> yeah, quickly, you and i talked about the imbalances. i just want to make one point for everyone else's benefit. you're talking about your fear of china is a long-term fear. soes are so far away from owning a noticeable chunk of the american ec

it's to the banks or an obscure. gm issue free credit you should be free good fortune.

a right side passenger in the right seat may not be protected and could get hurt in a front or side crash. gmsays no injuries have been reported so far. >>> and chevrolet announced today it's going to offer a less expensive version of its volt electric car. it'll be a stripped down model without a navigation system or bose stereo system. the price tag of the volt will now be just under $40,000. >>> well the weekend is almost here and it will look like a june weather picture with plenty of fog out there. temperatures not warmed up too much. that's what you would expect for early june. it's showing up again on satellite. at least the storm tracker 2. winds have been increasing, winds gusting at 45 miles per hour. at sfo winds gusting at 32 miles per hour. bay area forecast for tonight, partly cloudy clouds, fog will continue to develop -- partly cloudy skies. fog continues to develop out there. here's the look of the overnight weather pattern. we had a system offshore, it will generate a mid- and upper level clouds. it will also be the source of some cooling. most areas coming down about three

a right side passenger in the right seat may not be protected and could get hurt in a front or side crash. gmsays no injuries have been reported so far. >>> and chevrolet announced today it's going to offer a less expensive version of its volt electric car. it'll be a stripped down model without a navigation system or bose stereo system. the price tag of the volt will now be just under $40,000. >>> well the weekend is almost here and it will look like a june weather picture with plenty of fog out there. temperatures not warmed up too much. that's what you would expect for early june. it's showing up again on satellite. at least the storm tracker 2. winds have been increasing, winds gusting at 45 miles per hour. at sfo winds gusting at 32 miles per hour. bay area forecast for tonight, partly cloudy clouds, fog will continue to develop -- partly cloudy skies. fog continues to develop out there. here's the look of the overnight weather pattern. we had a system offshore, it will generate a mid- and upper level clouds. it will also be the source of some cooling. most areas coming down about three

or who knows. from the moment he got the job jackson said he wants monty and curry in the same back court. today gm riley said barring some opportunity like getting lebron or dwight howard he expects to see monty in warrior uniform at least awhile. >> i'm pretty sure ellis will be here and it's one of those things that seems like people take a story an it takes on life of its own and it goes crazy and that's what this is all about. >>reporter: after being swept by the a's the giants are clinging to first place by half game and problem pretty simple. they have no offense right no now. giants scored only 5 runs in 3 games with oakland. giants had the day off today. host the twins tomorrow night. huff is hoping the offense wakes up much like last year. >> we came here tl got swept and then turned around. hopefully get the done and couldn't happen at better time. we have to figure outweighs to score. no easy fix. we have to start working better and put pressure on. not getting attach of that going on. >>reporter: par licenses are under scrutiny. just hired 80-year-old jack mckeen as the interim manager

but it seems like non-union people and should take the unions, or even gm to court.ent billions to bail them out, but then we send jobs to mexico. can't we take a collective action? do we have to be in a union to bring an action against the company? there are a lot of people who are not union people who need representation. guest: i do not think the bailout was simply to protect union workers because the financial institutions were also bailed out and they have very few workers represented by unions. they allow them to keep all of their huge bonus contracts and the billions of dollars paid out in bonuses, but the auto required, they've general motors to go through bankruptcy reorganization where they have reduced their costs by 20% to 25%. they did not do any of that with the financial institutions. they should have told them to go through bankruptcy organization -- reorganization and you're going to reduce these contracts that cause you to go through the situation you are in now. all of these derivatives and the thieves who went through the mortgage situation where

but it seems like non-union people and should take the unions, or even gm to court. we spent billions to bail them out, but then we send jobs to mexico. can't we take a collective action? do we have to be in a union to bring an action against the company? there are a lot of people who are not union people who need representation. guest: i do not think the bailout was simply to protect union workers because the financial institutions were also bailed out and they have very few workers represeed by unions. they allow them to keep all of their huge bonus contracts and the billions of dollars paid out in buses, but the auto required, they've general motors to go through bankruptcy reorganization where they have reduced their costs by 20% to 25%. they did not do any of that with the financial institutions. they should have told them to go through bankruptcy organization -- reorganization and you're going to reduce these contracts that cause you to go through the situation you a in now. all of these derivatives and the thieves who went through the mortgage situation where

>> first of all i did not get this from lapd and i do not know of the report is true or not >> he went to see gms and ask him if took eight years into a nearby cleaners. that lingers is right next door to his manicurist and pedicure is. he looked at me like i was crazy >> he is an orange jail on a parole violation. will we learn that that gun was found underneath closing in i house worry you what had been staying. the rest of all people coming in and out of the house >> unless the person has the gun on his person then you know you have possession of all weapons. but in this case it was found in a laundry basket and he stated he had no knowledge that the gun was up there. >> which if this is brian stowe's and blood on the jersey and it does not come back to jail by ramirez. this is a are thought it was done by someone else. >> his ex-wife said that she had taken their two children to see him in hospital his eyes were open and they tracked the movement of the children. >> what real live look from at our roof cam this morning aware we are dealing with early morning patchy fog. we're going to get in

let's not be hypocritical and it's wrong at an individual level but it's okay if it's bailing out gm orher company that has failed to mapping itself probably. when i watch an sec football game i expect the guys in the striped shirts to do one thing and that's to make sure the play is fair for both sides, and when it isn't and the officials start calling it with favoritism toward one team against the other, i'm not real happy unless they're calling it for the razor backs. then it's okay. i'm going to leave the name of the team nameless put we were playing another sec at their homecoming a couple years ago. the officiating was so bad, the espn announcers went on and on how it changed the character of the game and in fact it changed the outcome. the sec officials were so horrible, they were suspended for three weeks. that never happens in the sec. the within didn't get the glory that the winner would normally have had, and the loser should have been the winner, and still bitter about it. and i will be for the west of my dog gone life for that matter. but what made me mad was that the guys

gm, or whether it is people who work in the spinoff companies, the thousands of small businesses that provide the accessories to cars, these jobs were saved by president obama and this administration. and for these people, this was a lifeline that was needed in order to give them the kind of credit and the kind of resources that they needed to do what they have done, which is to re- manufacture cars, reengineer cars and bring their automobiles and to the 21st century to compete with foreign automakers. they are now manufacturing cars americans want to buy. that is why they are doing well. this -- this lifeline the president gave to them has proven to be very successful. host: secretary ray lahood is our guest. here are the numbers to call -- we all they have people lining up to talk with you. a republican from the illinois. good morning. caller: mr. lahood, i've got some questions to ask you. i retired after 30 years, most on salary, -- reduction in salary, flint, michigan. i lost most of my benefits but obama gave the union -- from what i hear, and i want you to cleared up for me. he

gm, or whether it is people who work in the spinoff companies, the thousands of small businesses that provide the accessories to cars, these jobs were saved by president obama and this administration. and for these people, this was a lifeline that was needed in order to give them the kind of credit and the kind of resources that they needed to do what they have done, which is to re- manufacture cars, reengineer cars and bring their automobiles and to the 21st century to compete with foreign automakers. they are now manufacturing cars americans want to buy. that is why they are doing well. this -- this lifeline the president gave to them has proven to be very successful. host: secretary ray lahood is our guest. here are the numbers to call -- we all they have people lining up to talk with you. a republican from the illinois. good morning. caller: mr. lahood, i've got some questions to ask you. i retired after 30 years, most on salary, -- reduction in salary, flint, michigan. i lost most of my benefits but obama gave the union -- from what i hear, and i want you to cleared up for me. he

or to whether a rainy day. by contrast, ford laid-off workers, more is all of its assets, including its holdings to make $25 billion for use in an economic downturn. the bailout rewarded gm's irresponsible behavior. any company and it feels it is too big to fail or is a national icon or is of major importance, will wonder what if it makes sense to hold out for taxpayer assistance. just as the wall street bela became a justification for the -- governmentt, help means government control. given the goals of the bailout are not identical to those of the company, it was inevitable there would be political meddling in the operations of the company in the name of protecting jobs and so on. the wall street journal has documented what a huge role politics played in determining how many dealerships the companies would shudder. there are many other examples. the bailout has opened the door for a direct government involvement in private business that makes a mockery of the constitutional scheme of a government of limited powers. this might be the most damaging legacy of the bailout. >> thank you for your testimony. i grant myself five minutes. would you walk through the metrics of thi

or memphis. 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

never hear from cousins again or he never plays another day in the big leagues i think being all be happy. >> giants general manager brian sabean reached out to the marlins gmnd scott cousins to clarify that his comments made yesterday on knbr were out of frustration and didn't intend to villify cousins. >>> earlier this week shaquille o'neal announced through twitter that he was retiring. today the fifth leading scorer in league history held a press conference in his florida mansion to make it official. >> for me and my father was joke the other day and we was like, dad, i'm retiring. he was like how many points you got? 28. he was like you dummy if hit some free throws like i taught you how to shoot them you would have had 30,000 points. [ laughter ] >> next sunday, 1500 runners will brave the stairs and steep trails for the 101st dipsy race. for one san francisco man it isn't about winning, it's about getting his life back on track. >> they call meet running man when they see me running in san quentin and guys see me running and then it's unbelievable, they see me drawing. >> reporter: within the secured walls of san quentin and folsom state, ronnie good

these things is that the reason people aren't buying smart cars or whatever is because they're way overpriced especially coming out of gm. host: inso as far as our commitment to nato is concerned? caller: as far as nato is concerned, i think that it's completely irrelevant. the reason there's such an issue is because nato wants to govern the world. and we have no say in that. especially when you consider the fact that -- host: let's go to kentucky. our our republican line, paul, good morning. caller: good morning. i have a comment about your nato. served in the air force in greece for back in the 70s and that's when we were probably on the best terms with nato and the strongest. and our witnessed how things changed overnight. it's no matter how much money or friends our allies are there, that when things get difficult like they did at that time between turkey and greece when i was stationed in greece, there was cars burned and we were treated like the ugly americans. we were almost booted out of the country overnight. and i guess you see the value of what money you put in. no amount of money is going to change the way t

or indifferent? >> reporter: no question about it. i was rereading that 2008 op-ed from mitt romney when he said, look. don't just hand a check to chrysler and gm the way to fix the american automotive industry. remember mitt romney's father helmed one of detroit's auto firms a few decades ago. i asked the ceo of chrysler point blank, do you think that if the government did not step in in such a massive way to rescue gm and chrysler that chrysler could stand on its own two feet? could it have stood alone and made it through this alone? i want to play his answer and his reaction to what mitt romney had to say for you now. take a listen. >> whoever tells you that is smoking illegal material. that market had become absolutely dysfunctional. it had become absolutely dysfunctional in 2008-2009. there were attempts made by a variety of people to find a strategic alliancalliances with car makers on a global scale. the government stepped in as the actor of last resort. it had to do it because the consequences would have been just too large to deal with. >> reporter: sergio marchionne there not mincing words at all. the president today at that chrysler

or visit your local jaguar dealer. >>> look, ahead at headlines making news later today. on capitol hill a house subcommittee will hold a hearing on the last of the gm0 eastern. your money is 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! [

this country, or when it was clear that the only way that this country could survive was to government bailout, through the fact that the government was prepared to and did nationalize gm, and did partially nationalize the biggest banks, that the federal government was there to catch this economy as it was, as it was collapsing. would you call that socialism? >> and that was just a little bit from bernard harcourt, "the illusion of free markets" is his book. published by harvard. per parser -- thank you very much expect is there a book you'd like to see featured on booktv? send us an e-mail at booktv@c-span.org. or tweet us at twitter.com/booktv. >> now on your screen is professor robert pape of the university of chicago. he is the author of "dying to win" and he's just written a follow-up to that bestseller called cutting the fuse. what is this book about? >> this book looks at suicide terrorism in the five years after i publish "dying to win." there's more data, more patterns and more policies to look at and to examine, and there aren't terribly important for specific foreign policy decisions we need to make in the coming years. >> what did you find? >> what i found

or keeping their job. other countries, the government helps companies come up with 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 v

or the capitol hill. he's been covering the story from the beginning. thank you very much. >> let's bring in nbc's chuck todd, nbc political director and chief white house correspondent. good morning to you. >> gm, ann. >> given that the intense pressure anthony weiner was going to intensify, did he have any other choice? >> he appeared to make this decision yesterday because it was last night, you know, the white house, president obama who was the most recent person in that interview with you, ann, to call on weiner to resign, it was at a white house congressional picnic last night anthony weiner called nancy pelosi and steve israel, he is chairman of the democratic campaign commit e but also a member of the new york delegation, sort of one of the persons that's been a go-between between pelosi and anthony weiner in this and it was last night, yesterday evening, that weiner called two of them and said he would be resigning this morning. >> given his ambitions and also his -- the prospects that he once had, give us some sense about how steep this fall is. >> it's a pretty big fall. this is a guy who was a protege of chuck schumer. he's the senior senator from new york, very famous for being una

or keeping their job. other countries, the government helps companies come up with new technology and other things. we are the only country where we are always crying about what the government does for gm. 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 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