stretch to think of a nationwide program. it was a stretch to think that the government gets involved in health care. go ahead. you had your chance. i think this is the kind of thing that gives capitalism a bad name. it makes it look like it is people all the same. and bill walch bless his soul told me the greatest thing he brought to the 49ers. they treated people individually and that was a quantum leap where everybody was treated the sa . good managers will figure out how to. no term limits for david. and i am okay with that and i like the football reference on super bowl weekend. president obama touting autobail outs as chrysler posts a full year profit. and cashin in proves how
enough power for a city the size of singapore for 50 years. what s it going to do to the planet? natural gas is the cleanest conventional fuel there is. we ve got to be smart about this. it s a smart way to go. the post office bleeding billions and the unon is hiring the brains behind the autobail outs. dennis you said to shut it down. it may be too late. post office lost 20 billion in the last four years. three billion in the lt quarter. they stopped paying in their retirement fund and owes five
there is new evidence that automakers are entering expensive labor contracts again. multithousand signing bonu and increased profit share millions for new plants and thousands of new jobs, kim, you are worried that these are the type of labor deals that bankrupted the industry years ago. how quickly we forget what led up to the autobail outs and go back to 2007, the big three had a loss of 15 billion dollars. why? massive pensions and ridiculous sal reese. detroit has the highest paid manufacturing workers in the world. they can t stay competitive. they are in danger of slipping back of the union contracts. i am not as worried as kim.
to detroit you can see the detroit news this morning, public unions under fire this labor day. these labor unions, there is a union crowd behind me, they are frustrated because of state and local budget cuts. they are facing tough negotiations on their pay and benefits. a senator firing up this union crowd. the president is in part here for politics as well. labor day is a traditional kickoff of the campaign. the bottom line is that some of his union base is frustrated with some of the cutbacks they will be facing, frustrated maybe with some of the president s approach to jobs. this state, for example they think the auto bailouts saved thousands of jobs. the unemployment rate is down here right now, it was 14.1% two summers ago, it s now 10.9%, some improvement. let s face it 10.9% is far worse than the national average and it s very dangerous for a president facing re-election in a battleground like michigan to
have unemployment that high. jaime: i m glad you brought that up -rblg historically presidents haven t won re-election if the unemployment rate is the same or higher. many would say that the president saved the auto industry. they were given money, they paid and now they are back in business. are there people there saying they are not satisfied with what the president might say or the current economy? reporter: we haven t seen very much critics here. this is a union crowd, very pro obama crowd. some of the local aflcio officials who spoke to warm up the crowd have already said let s thank the president for the autobail outs. there are critics of the autobail outs that say if gm may have been forced into bankruptcy you may have saved some of the jobs without having the taxpayers on the hook for so much money. this fight is going to go on