ron bloom was an investment banker and he was also, i don't know head of the union for the united steelre. we can look in to it. >> he has no experience in automobile business either. it's amazing. there are millions of people with experience in automobile business. they are not getting any of them. none of these guys worked a day in an automobile company. what makes us think they are going to know anything about it. you have a young guy that dropped out of yale, what does he know about it? it shows us an infantile understanding. >> they have the presidential feel behind them. you don't have to answer to these guys. legally you, don't, right? >> but the white house will make your life miserable if you don't. >> glenn: so america, this has not been kind of what we've been talking about the whole time. look at acorn, these community organizers, they intimidate and bully. we have czars and intimidating and bullying to get this way. >> no congressional oversight. america is disappearing before our very eyes. it's very sad and scary i l. i wish the america would wake up. the socialism is ter

ron bloom was an investment banker and he was also, i don't know head of the union for the united steel- i don't know if it was steel, or steal, i'm not sure. we can look in to it. >> he has no experience in automobile business either. it's amazing. there are millions of people with experience in automobile business. they are not getting any of them. none of these guys worked a day in an automobile company. what makes us think they are going to know anything about it. you have a young guy that dropped out of yale, what does he know about it? it shows us an infantile understanding. >> they have the presidential feel behind them. you don't have to answer to these guys. legally you, don't, right? >> but the white house will make your life miserable if you don't. >> glenn: so america, this has not been kind of what we've been talking about the whole time. look at acorn, these community organizers, they intimidate and bully. we have czars and intimidating and bullying to get this way. >> no congressional oversight. america is disappearing before our very eyes. it's very sad and scary i l. i

was an investment banker, and he was also, you know, head of the union or whatever for the yew united steel, and i don't know if it was steel or steal, i'm not sure. we can look into it. >> he has no experience in the automobile business, either. it's amazing. there are millions of people in this country with experience in the automobile business. they're not getting any of them. none of these guys has spent a day working at an automobile company. what makes us think they know anything about it? they is a young guy who dropped out of quail law school and he has a dog. i like that about him, and he is one of the car people, too. what does he know about it? it is an infantile understanding of the car business. >> but they have the power and the presidential seal behind them. >> absolutely. glenn: you don't have to answer to these guys, legally you don't, right? >> not legally, but the white house will make your life miserable if you don't. they will make your life miserable. glenn: america, has this not been kind of what we have been talking about the whole time? look at acorn. what do they d

industry, the big news is steve rattner stepping down as auto-czar and the replacement is from the united steel workers. he has investment background and labor background. some people are skeptical of the move and question why we even have a car czar. he does seem to have an interesting mix of experience. maybe he dan work through. >> it are you convinced his departure is entirely innocent. i wonder if he's a result of pay to play going on at his former firm. >> there was a report an hour ago new york is seeking a settlement for the company he founded, quadrangle, so he can avoid civil charges. >> is it lynn or hicks. >> hicks with an s. >> give us a sign of hope out your way. >> a sign of hope. we've been bracking for months things in iowa are not as bad as nationally. we're feeling the recession but never hit bottom like it did nationally is starting to recover. last month, sales matched a year ago. and overall indicators are poor but new faf orders are rising. that is huge in iowa, big manufacturing state. and the crops look amazing. we are going have an incredible harvest. that means mixed

for more let me bring in leo injure reward, international president of the united steel workers. leo, how good a sign is this, that we're seeing consumers react? i think that's the big thing. consumers are reacting. how encouraged are you by this? >> look, i think it's a very positive sign. and i'm really excited because as you say, we did 34 cities in levitates talking about a need to stimulate demand for the automobile industry. and i think that that tour helped to do that. and listening to you and virge right now, i've got to tell you you're all on the right track. we need to do more of this. we need to stimulate more demand, more manufacturing. we ought not to be ashamed of what we're doing. the president of france said they were going to put $8 billion. $8 billion with a "b" into their cash for clunkers program on the condition all that money would have to be spent on cars produced in france. for us in the steel workers union, we don't assemble cars. but it's our tires. our steel. our aluminum. our glass. our glass tick that goes into those cars. once those cars start moving

i cannot tell you how many labor organizations, particularly the united steel workers, that have endorsedthis piece of legislation. we had a campaign in different parts of the country where i am featured in ads with steelworkers who have already lost their jobs. for example, u.s. steel canceled a $1 billion expansion in our area because of the fall in demand. one last point. and these are not green jobs. i know that gets bandied about, but these are quality jobs. this will create a lot of quality, basic, blue-collar jobs, that you can raise a family on. these are not necessarily esoteric engineering jobs. these are jobs that many people in the country have lost. host: next phone call from maryland. caller: good morning. i am originally from ohio. i do not believe in the use cold-fired anymore. i believe it is the electric arc. you commented that there were tons of steel in each windmill. one not try to refurbish some of the steel mills -- we need to make steel in this country. if we do not make steel to do these green projects, where are we getting the steel from, overseas? guest: i could

the united kingdom, a memorial of 52 steel pillars for those killed in the terror attack on the londontem. the bombings hit three subway trains and a bus. the attack was the deadliest ever in peace time london. india, the 11-year-old star of the film "slum dog millionaire" moving into a new home. danny boyle

tamika is the ceo of newt core which was mentioned earlier, is the largest manufacturer of steel in the united states as well as the largest recycler in north america. he has got a little different view on energy policy. he is one of the country's biggest energy consumers in the private sector. deanne. [applause] >> good morning. everybody going to stick around for not only mind but ira's? we are going to be here as long as we have an audience or as least as long as the cameras are rolling. two things i would like to start off with. number one, karen, thank you for setting a realistic tone. appreciate it. is a manufacturer in this country in 2000, hard-working men and women. katie, what can i say? number one message that i heard and that we have been preaching since the 90's and before, since the '70s is we have to have an energy policy, an energy agenda that is organized, well thought out balance and includes everything. and reason the '90s didn't materialize anything is because we do not have that. and natural gas, the reason we did not have that developed was because of the access issues th

i cannot tell you how many labor organizations, particularly the united steel workers, that have endorsed this piece of legislation. we had a campaign in different parts of the country where i am featured in ads with steelworkers who have already lost their jobs. for example, u.s. steel canceled a $1 billion expansion in our area because of the fall in demand. one last point. and these are not green jobs. i know that gets bandied about, but these are quality jobs. this will create a lot of quality, basic, blue-collar jobs, that you can raise a family on. these are not necessarily esoteric engineering jobs. these are jobs that many people in the country have lost. host: next phone call from maryland. caller: good morning. i am originally from ohio. i do not believe in the use cold-fired anymore. i believe it is the electric arc. you commented that there were tons of steel in each windmill. one not try to refurbish some of the steel mills -- we need to make steel in this country. if we do not make steel to do these green projects, where are we getting the steel from, overseas? guest: i coul

my name's tom zedak, i work for the united steel workers union, i received information from one of the companies i represent that kaiser is requesting a 30% increase in premiums. this company received another quote from anthem and anthem's increase will be 15%. he goes on and tells me about his son who has down's syndrome and three open-heart surgeries, his wife has cancer and the medication she takes costs approximately $5,000 to $6,000 a month. he said that i and my wife have good health care, but as i said we might lose our jobs. he worked for 36 years in the steel industry. along with other workers, he tells us middle-class families played by the rules and this is what happened. mr. president, these letters -- these letters are four of hundreds that we get -- many of us every single day. i've had more calls and letters an e-mails this week about health care than any other week in my entire -- in my whole senate career, my whole house career for the last 18 years. more letters on health care on this subject than total letters i've gotten any other week since i've been in the congres

and add to this question does china's steel survive on the appendix of united states? no. there's too much growth hormone in time if you look at the makeup of the last she d quarter you have retail sales growing at 15% you have a middle-class of to propose million board to 400 if million- plus i think the united states or the bull story in the u.s. is the broader increase our exports from the one country where you have to have a strategy to do that is in china because nowhere is there greater consumption potential been china. and ok i have another question for you? pakistan still a bear? we have been questionable about this growing and rebounds as marta or are you giving up we're bearish sentiment yet? overall matter what you call yourself from the top of 55 to the low of 665 you can trace a third of them moved up truly you're still in a bear market were still in a bull trend right now because of the stimulus and ideas that the economy is turning around. kabul for right now you may get dips but dips should be box and we're gonna break out and upside entry to a thousand a l

bands from new york, from baltimore, from, you know, different areas throughout the united states to highlight the steel band competition that we have yearly right here in cherry hill. on sunday, of course, we will be having a youth show, which will be featuring the west half. we have two members here. we have joshua the manager, and one of the individuals who will be performing. and we look forward to a wonderful day on sunday, but that is just the beginning. that begins at 1:00. at 5:00 we are going to be having our extravaganza, again featuring people from the united states, highlighting the steel band, highlighting ka lips owe and highlighting a series of events. look forward to the ka lips owe on friday the 10th. and on sunday, culture and we're looking forward to a wonderful weekend. we would like you to come out and support the youth and char yots anyotsand support the youte institution because this is an opportunity to help our kids to really do something with themselves. >> reporter: that's great. the steel band festival kicks off this weekend. you can get all of that information by logging on

in china because of the way their coal fired plants work than it does to generate a ton of steel in the united states. but the direct answer to your question is the reason i'm here is we do need to look at how best and the best interest of the united states and most effectively to deal with the threat that scientists are saying co-2 has for the future of the climate. that's why we're here. >> well, governor, i appreciate that. there are several points you make that i think i would agree with completely. certainly that carbon dioxide is an issue for our atmosphere. i think all of us who look into the next generation need to wrestle with that and exercise the use of our legislative responsibilities to address it. your note about china certainly china is a serious source of carbon dioxide, far more per capita than is the u.s. we need to pull china into the conversation. that's a point well taken. i will turn to our minority leader, our republican leader of the committee, senator inhofe. >> thank you, mr. chairman. and, governor, thank you for being here and sorry for all of the mixup in the sched

in china because of the way their coal fired plants work than it does to generate a ton of steel in the united states. but the direct answer to your question is the reason i'm here is we do need to look at how best and the best interest of the united states and most effectively to deal with the threat that scientists are saying co-2 has for the future of the climate. that's why we're here. >> well, governor, i appreciate that. there are several points you make that i think i would agree with completely. certainly that carbon dioxide is an issue for our atmosphere. i think all of us who look into the next generation need to wrestle with that and exercise the use of our legislative responsibilities to address it. your note about china certainly china is a serious source of carbon dioxide, far more per capita than is the u.s. we need to pull china into the conversation. that's a point well taken. i will turn to our minority leader, our republican leader of the committee, senator inhofe. >> thank you, mr. chairman. and, governor, thank you for being here and sorry for all of the mixup in the sched

sheet of steel -- stamping it into the hood of a car, which is value added to that sheet of steel, the unitedstates is still among all countries, adds more value in manufacturing than any other country. but we are also sheding our value add very rapidly, not more than other countries, although i think that's the case. the share of our economy devoted to manufacturing as i said before is actually 13.9%, down four percentage points in a decade, according to world bank. that's a pretty rapid decline many a sector of the economy that produces the goods that we surround ourselves with. host: our topic is the economy. carol is with us from the stape capital in new hampshire, concord. good morning. caller: i have some things i would like to discuss. this insurance is trying to push it down our throughout. secondly, my parents came from italy. we were proud to come here. my mother was born here. we went to work, we took whatever there was to earn $1 and put food on our tables and pay our bills. there's too many damn people that the unite want to sit on their butts and not do anything. secondly, he's

steele called the plan socialism. in response, president obama declared the united states cannot afford, quote, the politics of delay and defeat. ed henry reports from the white house. >> reporter: as the odds of success on health care reform grow longer, the president's rhetoric is getting tougher. >> we've talked this problem to death, year after year. but unless we act and act now, none of this will change. >> reporter: a new "washington post," abc news poll found that 44% disapprove of his response to health care. a sharp drop from april. one reason republicans are on the attack with senator jim demint saying if we're able to stop obama on this, it will be his waterloo. it will break him. >> think about that. this isn't about me. this isn't about politics. this is about a health care system that is breaking america's families, breaking america's businesses and breaking america's economy, and we can't afford the politics of delay and defeat. >> reporter: the problem for the president is he's running into a wall, not just from republicans, but conservative democrats as well. after a new budget analysis revealed the le

daniel dimicco is in the ceo of the largest manufacturer of steel in the united states as well as the largest recycler in north america. and he's done alone and the review on energy policy. his was the country's biggest energy consumers in the private sector. one [applause] >> good morning, is everyone going to stick around cranks' we're going to be here as long as we have an audience releases long as the cameras are rolling. when two things out like to start off with. number one think year-and-a-half before sending a realistic tone. i appreciated. as a miniature in this country into thousand hard-working men and women. mw. katie, what can i say. number one message that i heard and we have been preaching and since the 90's and before and since the '70s is we have to have an energy policy and energy agenda that is organized, well thought out and includes everything. on and the reason why it didn't materialize and anything was because we did not have that. and natural gas the reason why we did not have that was because of the access issues i care about us time on as we know today there

steel? >> well, judge, there is a wonderful very short poem by a.e. hausman. let me unit by you. -- let me unit by you. the russian bear a huge and wild and has devoured the infant child. the infant child is not aware it has been eaten by the bear. i'm afraid that president obama is that babe in strategic diapers and not necessarily clean diapers at that. he was utterly out of his depth. look, to be fair to obama, he made it all the way to the oval office on sheer charisma. andrew: what is he trying to charm out of prime minister putin? what kind of agreement is he talking about? what does he want to do? >> i don't think the agreement mattered. as far as the discussions with dimitry medvedev, i have been involved in negotiations. the way they work when heads of state work, it's all predetermined. they will chat and talk about this and that, but the documents are already written. what obama needs, badly, is a foreign policy success, and so you saw that staged signing ceremony yesterday, because he has had one foreign policy problem after another. he wants so badly -- and b

tamika is the ceo of newt core which was mentioned earlier, is the largest manufacturer of steel in the united states as well as the largest recycler in north america. he has got a little different view on energy policy. he is one of the country's biggest energy consumers in the private sector. deanne. [applause] >> good morning. everybody going to stick around for not only mind but ira's? we are going to be here as long as we have an audience or as least as long as the cameras are rolling. two things i would like to start off with. number one, karen, thank you for setting a realistic tone. appreciate it. is a manufacturer in this country in 2000, hard-working men and women. katie, what can i say? number one message that i heard and that we have been preaching since the 90's and before, since the '70s is we have to have an energy policy, an energy agenda that is organized, well thought out balance and includes everything. and reason the '90s didn't materialize anything is because we do not have that. and natural gas, the reason we did not have that developed was because of the access issues th

in 1883, the united states navy began moving from wooden to steel ships. that came as a result of a decision by the congress. the congress said we want to move from wooden to steel ships. and that was appropriated in the naval service appropriations act. it directed the navy to construct two steel steam cruising vessels from funds appropriated but not required for repairing wooden ships. in 1943, the senate school lunch program was established through a $15 million earmark in the 1944 agriculture appropriations bill. of course, that turns out to have been a wonderful idea. the school lunch program is a remarkable success. in 1987, it was the congress that earmarked funding for what was called gene mapping which later became the human genome project. that didn't come from some bureaucrat or somebody down in an executive agency that said you know what we should do? let's begin mapping the human genes. instead it came from here in the congress. in fact, senator -- former senator domenici had a lot to do with that. so, the congress originated the human genome

rankings around the world, the best city in the united states to live in was pittsburgh, but people sort of think, well, pittsburgh, they think of it saz a steeln, what makes pittsburgh so great? >> well, we're a wonderful city and we do fight an image problem across this country, and we'll be first to recognize it, but we're also very proud of what we've done. we're a city that has really reinvent itself. we're not a steel down anymore, we have a very diversion economy from information technology to financial services, health care, higher education. we've survived this economic downturn rather well, i think part of the reason that the president picked pittsburgh to host the world in september. >> and what are the biggest -- if you were to say, used to be a steel town, what is pittsburgh now? what makes your city economically viable?e? >> i mentioned all of those sectors, but the real drafr of our k34i now is what we refer to here as eds and meds, higher education and health care and medical institutions throughout the city. they are in many ways recession-proof. they've in the fourth quarter of 2008, for example, grew jobs, when the rest of t

units across the country, including headquarters in baltimore. centennial celebration kicks off tomorrow in new york city. reverend sharpton, new york mayor michael bloomberg, and rnc chairman michael steeleare among the dozens of speakers attending. >> let's get a check now on the forecast with veronica. >> we are starting first with the international space station because every night this week, and even some mornings the space station made a shining pass. again tonight starting at 9:10, in the west-southwestern sky, from 9:10 to 9:13, high in the sky and you will see it above and racing back down towards the northeast at about 9:16. it is pretty cool when you are able to catch it. 62 to 65 degrees. the range from north to south. frederick to d.c. by tool morning. 59, cool spot in warrenton with partly cloudy skies. and we will have quite a bit of cloud cover tomorrow. more moving in by the afternoon and evening thunderstorms across the area. some of those could be strong with high winds and possibly even hail. a little heat and a little humidity tomorrow as we get up to 87 and 88 degrees. great falls park tomorrow morning, 8:00 a.m. if you want to cool off, the water temperature is alre

units a year. they are priced at about half of u.s.-made tires, and imports have jumped in the past few years. steelkers say that this will cost 6000 jobs and close numerous plants. to protect workers, the commission is recommending to the president that he impose a penalty to level the playing field, a 50% tax on these tires. will the president give in to chinese pressure act but -- basically because of their international pressure and because of our trading relationship? many have called this an uncompetitive practices. >> they said we will not give subsidies to our industry, we will obey environmental laws, safety laws, address the rights of workers, and they have done none of those things are in the in any industry. >> we do not need to practice protectionism. by protecting domestic tire manufacturers, however, by restricting foreign competitors , it is not the appropriate action to take. >> four -- four times the recommended to the president to make some sort of changes. will he make any changes this time? we will see in september. bill: in the meantime, president obama seeing some push back on

unit will not meet its target this year. >> meanwhile, ross, rio tinto says allegations that its employees were involved in prescribery with steel mills is unfounded. the miner added it's continuing to operate in china and maintain high levels of iron ore shipments in australia. sydney is up 0.15% and london it's up 0.7%. >>> christine, cit says its board is seeking cash positions to stave off a bankruptcy filing. pimco held an emergency conference call on thursday to discussion the options. they're reportedly considering a $5 billion debt for equity swap. cit may raise up to $3 billion in financing which would be secured by a group of debt holders. this would be based on cit getting government approval to transfer assets to a bank in utah. >>> you can get more news, videos and blogs at cnbc.com.. >>> we'll bring you more news from jakarta still to come. as we talked about, jpmorgan and ibm beat the streets. can that momentum condition? a slurry of bank earnings continues today. >>> can the rally continue today? as we go through another major set of earnings reports, let's find out where we are kicking off around the globe with

steel and all that kind of basic industrial the activity whereas for example in india you have a lot of development and software and information technology. medical equipment, india has become after the united states the second producer of medical equipment so i think they are developing their economy more clever and less dependent on the competitive cost situation because what is a problem for china is countries like bangladesh, vietnam, even pakistan have become competitiveness because competitive vis-a-vis china because they are much lower than they are in her china. india is less dependent on that kind of cost competitiveness. they are much more clever industrial policy and i don't think -- china of course has the advantage over the power of its huge -- which india has some reserves but not nearly as much as china. and that gives china some power but don't overdo that either because if they start using these reservists they will run the risk, they are basically dollars at the moment. if they start moving too much and the dollar goes down they draw down the value of their own reserves so i really don't think that china will make a move out of the dollar. that would be totally self-defeat

if somebody is dumping steel -- we had a case where the last coat hanger manufacturer in the united statesire coat hanger, they were making " hangars in this country. they were arriving in this country at a price that was below the cost of the raw material for the coat hanger here. that is just night on the world price something that is rational. that is dumping. that has to be looked at. so, fairness in trade matters because i think we are only 4% to 5% of the world's population. china is the largest car market in the world today. we want to be in that market. we want to compete there. i don't think we want to start build fences and a trade isn't the answer. as jeff immlet argued, it is a key part of the answer but it has to be done in an equitable basis. host: belgrade, maine. the republican line. caller: i remember you when you were governor, thought you did a fine job. economist and former assistant secretary of treasury paul creag roberts, who has ever petition of being pretty much a free marketer, said free-trade ideology is a myth. that all of the modern free trade agreements have d

president -- >> president of the united states there, pushing once again his health care reform bill. i will tell you in just a few minutes, rnc chairman, michael steele, will join us with his reaction. >>> meanwhile we're pushing forward. wars collide on the sands of southern afghanistan. weapons killing soldiers. drugs hooking and killing americans. >>> the war against the taliban meets the war on drugs with explosive results. exclusive reports from a cnn corn embedded with u.s. marines. >>> a house full of kids. a jail full of suspects. two dead parents. and a tangle of loose ends, and leads, and questions for police in the florida panhandle. wait until you hear the latest. >>> and when it comes to health care, the squeaky wheel gets a whole lot of taxpayer dollars. a cnn special investigation, how medicare spends your money. i hope you're sitting down. >>> hello, everyone, i'm kyra phillips, live at cnn world headquarters in atlanta. you're live in the "cnn you're live in the "cnn newsroom." -- captions by vitac -- www.vitac.com >>> they call it an unconventional war, and this is one reason why. these aren't artillery shells or ieds being blown up

but if you take cement, pulp and paper, steel, aluminum, those products, the tariffs will be made on a level that is comparable with the cost of the united states. so it could be very high, at least that is what the bill will say when it comes out of congress in my forecast. host: calif., denise. caller: i have a question. don't you believe the amount of trade we do with china, like steel and what we need to build the infrastructure, sort of a security risk when we export all of the jobs like that? because when you look at china, they are aligned with iran to a certain extent. they don't treat their people well, and one of the word to say, let us cut the united states off? an example is above bridges being retrofitted and supposed of a shutdown labor day -- host: and the bay area? caller: i am up in the san francisco bay area. there was something in the news about, there might be a problem getting steel from shanghai. that affects a lot of people. that is one little thing. isn't that something that should be in the dialogue when we talk about trading with a country that is communist and doesn't treat their people well? guest: of the issu