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Because the euro zone is not an optimal currency zone t is a bad idea. you have countries that cant compete with -- toe-to-toe. >> never could, never would. >> union labor costs are always going to be too high italian car industry massacred, german machine tools being sported effortlessly around the european union, they are destroying, economically speaking, it is very, very good for them. they can export. >> for germany. >> germany is growing. now, if they want that currency zone, which allows ...

Manufacturing back. for one thing, a lot of those jobs have disappeared forever, not only to foreign countries, but more importantly, to computerized machine tools, to robotics. i mean, look at a modern factory today, in the united states, and you dont see many jobs. the old assembly line is gone. you see a few technicians sitting behind computer con solace that a soles that are connected up with all the robotics and all the machine tools, but you just dont have that many jobs. >> why do our pol...

I was thrilled to read your article this week, and i said, we got to get bob to talk about this. the title of your piece is "manufacturing illusion." are the presidential candidates trying to manufacture illusions about manufacturing? >> i think they are, lawrence. look, im all in favor of trying to get manufacturing back, and certainly, rick santorum and mitt romney have been talking a lot about manufacturing. even the president unveiled last month a six-point plan for getting manufacturing bac...

China is eating our lunch when it comes to wind energy. >> as a matter of fact so much infrastructure has been invested in, the return is not a quick return, so most foreign companies do have subsidies in their own home countries for this type of business. >> the chinese and others countries have taken the government money, moved forward into the energy sector. weve been slow in this regard, waiting for the private sector to take care of it. of course, capital is tight. got to free up the purses...

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