Detailed text transcripts for TV channel - FOXNEWS - 20101229:01:07:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20101229:01:07:00

>> eric: they are only doing better now, with all due respect because we floated them $50 billion. >> why are they paying. >> eric: union. >> actually, that's not true. why are they paying back, eric in the money is being paid back by general motors because they changed manage; built competitive cars. >> eric: money is not being paid back, they still owe us $40 billion. even if we sold out whole stake in g.m. they still owe us a heck of a lot of money. >> taxpayers are on the hook for it taxpayers are on the hook for a lot of union pensions. not just federal, state, local government, the pensions and benefits. bankrupting the entire country. look at pension funds. their pension funds are on the verge of bankruptcy. >> eric: federal employees is the only one. 7 million jobs, unfortunately the only one creating jobs. >> the only one creating jobs today is the automotive industry for the first time in 10 years they are expanding jobs because of the success of the automotive bailout acre circle -- >> eric: is that how we want to

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