The next question from the crowd was about the possibility of the expansion of American mass transit, specifically high speed rail, a question that makes sense given the audience.

McCain said that he can see a future in rail in America, and can already see some developing on the east coast, and he is confident rail service will grow on the west coast as well.

McCain said that he had just talked to Immelt about the issue, and suggested GE get more involved in developing rail.

He joked that Immelt had never thought of that before, and when U.S. rail travel increases he will take the credit.

"Much like the rooster gets credit for crowing and bringing up the sun," McCain said..

-- Cody Switzer