it is a real mix to move up the value chain so to speak and so you have -- it's a real mix of companies. again you have apple, you have gm. gm is doing big business in china and it's selling a lot -- china has become it's biggest market now, far bigger than theh u.s. >> the u.s.e is the world's 2, largest economy still. japan. china is number two. japan, india, germany, five o largest economies. how much bigger is the u.s. economy? how big is the u.s. economy compared to the chinese economy >> i mean it's quite a bit bigger. it's quite a bit bigger. >> is it double the chinese economy, do you know? >> i don't want to give you a number that's wrong right now but we're until several at leas. a decade off from china even challenging the u.s. supremacy in the size of the economy. and so it's still -- the talk of, you know, the decline of the u.s. economy is in relationship to the chinese economy is still, you know, a little bit exaggerated but has become a bil issue on the campaign trail particularly in an economy wheri job creationn, is still pretty slow and, again, there's a lot o of debate over our place in the world. y w

you have gm, ford and chrysler operating on three shifts because of consumer demand. i have never heard him saying, is it not great that the companies are doing well? is it not great that people are back to work? >> how is it that the governor of michigan can endorse someone who keeps trumping the fact he was opposed to the auto industry bailout and will not acknowledge that it is working. how does the governor of the state endorse that guy? >> there is not a republican candidate that supported helping the domestic industry. if one is objective, i believe that romney would be the strongest candidate against obama in the fall. i think the governor wants to see republicans win. that is probably the reason that he did endorse governor romney. >> what is your sense of why santorum is surging? you said that he is playing to the tea party. so is romney. they are fighting each other on how far right they can get. why is santorum making this race so close in michigan? >> i am trying to figure that out myself in many ways. you have to remember that michigan has an open primary

if you have six months of huge amounts of job growth, if you have gm doing well, and if you have all the economic narrative of the country beginning to turn, there is nothing left of the romney rationale for why you should be president of the united states. nothing. that is not true of rick santorum, who brings with him an entire universe and world view of how america should be, which is extremely different from this president. it's not this basic technocratic message. we're not creating jobs, i can create jobs in the future, which is mitt romney. >> alex, you know the pundit world is confused when talk of brokered convention breaks out. so we've started to hear the talk of brokered convention. if mitt romney loses michigan, it's another way of the pundit world saying, if mitt romney loses michigan, then i don't understand what's going on. >> well, you can replay the tape of everyone in the pundit class saying, rick santorum is not going to be the nominee, and now for the first time, i think this week, you're seeing people sort of scratching their heads and saying, oh, actually, mayb

have to deal with what the president's doing. >> i'm asking you because mitt romney has come under fire for continuing to be critical of the bailout, even when you have gm releasing some record profits, clearly indicative that the bailout has worked? listen, when you have mitt romney on, you should ask him. >> what do you think? >> i just told you, i didn't spend a lot of time thinking about it. >> you don't have a view of the bailout of the american auto industry. >> what i have is a view of what's happening here in this state. that's my job. >> i get that. >> i know you get it. you will continue to ask, i'm not going to give you a better answer than i'm giving you. we can continue to do back and forth or you can go to the next car. >> the reason i'm asking and i'm sensing and your reply is giving me a sense even more you don't want to answer because you dothk the bailout was a success. >> i have given the president a lot of credit on this. >> do you think he was successful? >> you can ask it four or five different ways, i won't answer it until i have given thought -- >> is it complex? >> sure, it is. >> auto industry going bust, barack obama decides t

. >> i do think you also have all these things that are happening. you have gm profits. right after he wrote that op-ed, james, defending his belief that there should not have been an auto bailout. today the taxes come out. rick santorum not exactly hurting. he earned almost a million dollars. but he doubled in taxes what mitt romney did on $27 million. that's really the issue. >> yes. six months ago mitt romney's main campaign argument was the economy is terrible. people are losing jobs. i've been in the business sacramentoer. i've been very successful in the business sector. turn these decisions over to me. as the business economy improves it's hard for him to make that argument. in specific in michigan, the must do state for him, the state's economy has been rescued by a plan he opposed. it is, again an awkward situation for him. >> does suddenly if santorum wins here, he's a favorite all of a sudden? >> this year, everything is unpredictable, i'm afraid to say. i do think this is a huge problem. it totally up ends everything that we thought about that race from the st

you because mitt romney has come under fire for continue tock krit calf the bailout, even when you have gm releasing record profits, clearly indicating that the bailout worked. >> well, when you have mitt romney on, you should ask him. >> what do you think of it? you don't have a view of the bailout of the auto industry? >> what i have is a view of my state -- >> i get that. >> but you're going to continue to ask. we can go on to continue to go back and forth or can you move on to the next car. >> the reason i'm asking, is i'm sensing and the reason you don't want to answer it is you disagree with me. >> i've given the president plenty of credit when he deserves it. >> does he deserve it for the bailout? >> can you try four, five different ways. i'm not going to give an opinion as something as come plens as that issue. >> is it complex ksh. >> sure it is. >> auto industry going bust. barack obama decides the way to recover it is to do a big bailout, which he does, which is very controversial and is a huge national issue that affects everybody. if gm had gone under, whatever it may be huge

here is not because of any monetary gain that general motors could have possibly offered you because, really, your decision to go with gm was made with your heart and not with your head because you could have stayed in the private sector and been a lot more rewarding and you wouldn't, in fact, be here today going through this. one of the slides, this is 2009 e-mail. shows treasury officials help gm on how to structure press release, asking that reference to government ownership of gm be removed and taking it out of the lead. then we go to another slide and showing you an e-mail from may of 2009, again, and it talks about a member of the automotive task force telling general motors to coordinate with the uaw, united auto workers, about the pending termination of pension plans of which gm is responsible. at a minimum, this could get messy and the uaw should probably be brought into the loop. now, having served on a lot of dealer councils and being part of ad groups where we try to get the message out about how great our cars were and how good our deals were and how you could trust the general motors dealer and the general

. >> reporter: you don't have to convince gm there is a turn around in the works. thursday the world's number one car maker announced $7 billion in profit, the biggest in the company's 103 year history. all this comes two years after they emerged from bankruptcy with the help of the bailout. factory workers once afraid of getting pink slips learn they had are getting bonus checks worth $7000. gm sales aren't just up in north america, in china, too. last year, one gm car or truck, sold every 12 seconds. it's not unusual for companies to come out bankruptcy and have a positive bounce right after. the question is are they going to be able to sustain over the long haul. >> reporter: there is positive news, there where warning signs as well, including the euro debt crisis, gas prices which have been creeping up in recent weeks. >>> to the story of a simple mistake caught on tape. a cadeca neigheddian man accidently walked through the wrong r door at a courthouse skipping the routine security screening. a sheriff tried to stop the man, the sheriff picked him up and dragg

this was very controversial, but at the end of the day, when you look at chrysler, ford and gm now, and you look at the fact that consumers have better choices for automobiles across the board, the industry agreed to a 54.5-mile-her-gallon standard together with the auto workers and the administration, which is an achievement in and of itself. and you see profitable companies and the government will be able to sell its stake in gm down the road at perhaps a wash to taxpayers, and you have to say, if it's going to grow jobs in the future, it's absolutely worth it. because unlike these financial institutions, these car companies are making real things that employ real people and things that people buy around the world, and that's important to our economy. >> that being said, one of our viewers via twitter a little confused about this. here's what this viewer said. i thought we needed to have government get out of the way. now i'm hearing that government needs to make wait. which way is it? >> i think it's important to understand that i don't want to see the government run ag factory. the united states government shouldn't be run

we have to stop this this new generation, if you have to buy a gm car, 2200 of that price of the car is health care. we need to change things. >> the book is called the end of illness. david agus, md. thank you. >> thank you, charlie. captioningponsored by rose communications captioned by media access group at wgbh access.wgbh.org fo >> funding for charlie rose has been provided by the connect cole company supporting this program since tavis: do evening. tonight, a conversation with influential civil rights attorney connie rice. her latest is a powerful narrative about cases and issues she tackled during her long career, including efforts to reshape and reform the lapd in the wake of the rodney king beating. the new book is called "power concedes nothing." >> every community has a martin luther king boulevard. it is the cornerstone we all know. it is not just a street or boulevard, but a place where walmart stands together with your community to make every day better. >> and by contributions to your pbs station from viewers like you. thank you. tavis: connie rice is a veteran civil r

you. how would have you voted for t.a.r.p. money? in particular, for the auto loans to gm and chrysler? romney has stated he would not have supported the decision to bail out the auto industry in 2009. >> i've heard that. i take a little different position than governor romney. governor romney supported the bailout of wall street and decided not to support the bailout of detroit. my feeling was that we should not support -- the government should not be involved in bailouts, period. i think that's a much more consistent position. it's one that -- that if you -- if you look at what happened with -- by the way, it's not the obama administration. i know governor romney focuses on the obama administration. and that's the reason he does, is because he supported what the bush administration did. well, i didn't. i opposed what the bush administration did. and have been a consistent critic of it. i was not in public life at the time and certainly wasn't back in 2008 considering any kind of run for office ever again. but i did make my opinions known within the administration of what i thought they

have come back without a bailout. we don't know that. what we do know is gm had record profits and youilout. >> i think gm would have had those profits with a traditional bankruptcy versus a federally funded breeders cup. traditional bankruptcy would have been funded by the capital markets. one might say that the capital markets were in -- possible at the time to provide those dollars. the answer to that is that at the very worst, it would have been government guarantee of the bank loans and bank groups have been lining up to make those loans. it is -- it is two different philosophies and the point is using taxpayer dollars is not what's turning the car companies around. what turned the car companies around is the fact they are selling great vehicles produced by great engineers and great folks on the line producing them. that's what's making it. >> a lot of people going into purchasing of a car like you want to buy american because we have known about the issues and troubles so publicized. that has to factor in, too. let's talk about the state of michigan. relative to presumed the fron

we have to stop this this new generation, if you have to buy a gm car, 2200 of that price of the car is health care. we need to change things. >> the book is called the end of illness. david agus, md. thank you. >> thank you, charlie. captioningponsored by rose communications captioned by media access group at wgbh access.wgbh.org >> funding for charlie rose has been provided by the connect cole company supporting this program since

you know -- think about what that choice would have meant for this country. if we had turned our bax on you. if america had thrown in the towel if gmnd chrysler had gone under. the suppliers, the distributors that get their products from these companies would have died down and then ford could have gone down as well. production shut down. once proud companies chopped up and sold off for scraps and all of you, the men and women who built these companies with your own hands would have been hung out to dry. more than 1 million americans across the country would have lost their jobs in the middle of the worst economic crisis since the great depression, in communities across the midwest it would have been another great depression. and then think about all of the people who depend on you, not just your families, but the school teachers. the small business owners, the server in the diner who knows your order, the bartender who's waiting for you to get off. that's right. their livelihoods were at stake as well. and you know what else was at stake, how many of you who have worked the assembly line had a father or a grandfather or a mother w

have gone straight back to the taxpayer, pay off the taxpayer? >> well, yeah, i think so. definitely. where is my profit sharing. you used my money. right now we have $500 million in stock in gmelling for $25 that is $30 less than what was used to be selling in order for us to get our money back. why aren't they giving it back to the taxpayers. >> you didn't like the gm bailout in the first place? >> no, of course not. i don't think that government chooses winners and losers. why not bail out one in kentucky. the government is picking winners and losers. >> arguably, they say gm is back and made a record profit. regardless of where the money goes, gm is back? >> of course not. they made a profit. yes in north america because there was a digs eruption of the global supply chain for toyota and honda because of the tsunami in japan but if you look around the world, they slowing down profits in china. they are doing horribly in europe and continues to do bad in europe since honda and toyota have nothing to do in europe. they don't have as big presence. so they will continue and with south america they are doing horrible, too. they did okay in north america but if you look around

and in the end, if the government hadn't intervened, you could have easily seen chrysler, gm go under. and the impact on the industry leading to potentially ford hitting big trouble and going under. no government in america could allow that to happen. isn't this slight mythology about the managed bankruptcy because the reality was the private equity money wasn't there to do it anyway. >> what you had was not for making a narrow bridge loan just to get to the initial process. then allow the bankruptcy judge to implement the rules. what you had was political appointees micromanaging. somebody picked by obama. basically carrying out the president's wishes. i think that's very dangerous for the u.s. economy. you don't want american presidents intervening to micromanage as they just did with solyndra. they put up over a half billion in guarantees and we now discovered the guys administrating the bankruptcy are getting bonuses. i think it's dangerous to politicize investment policy and end up with the president choosing winners and losers. and clearly what they did in terms of his appointee

you know how much time and effort they put in and it breaks your heart. >> another player considered a goat is lee evens. gm met with evans the day after the game. >> time heals. you have to come to realize how hard it is just to get back to that point, to get back to the championship game and back to the opportunity to have a chance to win it is really, really hard. >> reporter: i asked how long he mans to stay on the job and he says he wants to win two or three super bowls. there's no timetable for his departure. more coming up in sports. back to you for now. >> steve tells us, he has no plans to watch the super bowl. >> from the state of the team to the state of the state. governor revails his vision for maryland's future. he's asking law makers to agree to raise several taxes this year including one on gas. he says the money is needed to pay for upgrades for schools, roads and other projects. >> i know this is a difficult ask. nobody else is going to do this for us except for us. >> now, despite a democratic majority in the general assembly, some of the governor's oppose values -- >> mitt romney is catching slack for saying he's not concerned about the very poor. >

you have seen a strong indications, profits from ford, gm, chrysler. you have seen hiring, more demand, increased market share. so that means more jobs in the transportation sector. in terms of fabricated metals, consumers have a bit more confidence now, so they are buying durable goods. things like washing machines and refrigerators, and that creates a demand for things like fabricated metal. the weakness that you still see used in construction-related manufacturing, and we know that has been lagging in the construction industry. that shows up in the types of manufactured products that go in the construction industry. otherwise, we have seen relatively good strength over the last two years. >> moving forward to the next several months or years, where do you see this headed? >> i think there are a couple of things working in our favor and a couple headwinds. the things working in our favor, it looks like the appointment is picking up. that means people will be more likely to buy things. that helps the manufacturing sector. the center for automotive rese