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We have an over regulated industry that had real problems. now these bankruptcies have cleared away a lot of the legacy costs so there is some hope now but manufacturing in america is in a crisis and i'm not sure i'll resonate to the idea it's all about a government partnership. i love r&d spend bug we have to make productivity go up and control union costs which are huge and michigan ought to be right to work. that would put people back to work. >> mike, it's happening all over america that we are losing all of these manufacturing jobs. and the question is, if we do nothing, if we stand by an...

That's exactly the right way to go. now, even some republicans are starting to waiver on this. speaker john boehner shocked the gop establishment by suggests he supported ending the oil subsidies. >> everybody -- everybody wants to go after the oil companies. and frankly, they have got some part of this to blame. >> so would you be in favor of seeing some of these subsidies going to big oil at times of record profits -- >> certainly something we ought to be looking at. >> doing away with these subsidies? >> at a time went federal government is short on revenues, we need to control spend bug we...

Our goal is to make real spending cuts to support job creation in our country and failing to make real spending cuts will just send a signal that washington is not serious about dealing with the fiscal crisis that we face. it would further erode confidence in our economy and create additional uncertainty and hurt private sector job creation. americans are also concerned about how much we are spend bug also they are concerned about how we are spending it. that's why we are working not just for the most spending cuts possible but also common sense policy restrictions on how taxpayer dollars are ...

Now it is only the 15 percent, but the 85 percent, the entitlements, that we have to look at and if there is a way to do entitlement reform without hurting or without bringing down the benefits we ought to take a look at it. >> and your thoughts on defense spending? you talk a big part of the 85 percent is the pentagon. >> i am strong pro defense and we need to continue because a core mission we have as a country, as a government, is to provide the security of our country, the military has to be strong. now, do we need to look at any efficiencies or is there any waste or areas we need to look ...