the president s saying, let s get rid of any incentive to, you know, move jobs overseas. in fact, we ll make it an incentive to build a factory here. and tell these big corporations, that have billions and billions and trillions of dollars to make and build the factories here instead of shipping them to china. don t try to be so greedy. help america be strong. mr. hoffa, are you satisfied with president obama s actions on china in his first four years in office? well, i think he s done some things. he s brought over seven different actions with the wto against china. this has to deal with steel, tires, auto. bush never did that. he s on the right track. i think that s good, but i think he should be doing more. we ve got a dialogue with china. china s not going away. it s an important market. but they ve got to open up their market. basically, it s a one-way trade right now. our trade deficit was $282 billion in 11 and it s going to be worse this time. it s going to be in the $
i think that s good, but i think he should be doing more. we ve got a dialogue with china. china s not going away. it s an important market. but they ve got to open up their market. basically, it s a one-way trade right now. our trade deficit was $282 billion in 11 and it s going to be worse this time. it s going to be in the $300, $350 billion this time. they ve got to open up their market if they re going to be our trading partners and they re not doing that. we ve got to basically use the wto, use whatever we can, but we ve got to open up that market so we can make products here in the united states, made by americans. let s put them on a boat and send them to china. that s the way to trade. mr. hoffa, thanks for your time tonight. a programming note, we will be live with the ed show in freeport, illinois, this friday night, broadcasting from what s become known as bainport. we will be highlighting the devastating effects of outsourcing. you re not going to want to miss it. we ll
can up the road to a super committee which won t be able to come to a conclusion. one thing for sure, they won t mess with social security and they d better not make it easier for people to escape their responsibility to pay a fair share of the taxes. we re in the trouble we re in because of wars that were unnecessary, because of the bush tax cuts, because. our trade deficit. the super committee is not touching any of that and frankly, i don t know where they think they will start in the economy again if their whole lodge sic to contract the economy. worst idea yet. we should be expanding the economy. we should be creating jobs, we should be getting america back to work so people can pay taxes again. with 14 million americans out of boring, unemployment still at 9%. the super committee s work is not even close to addressing the real issues. congressman dennis kucinich of ohio, thank you for joining us this afternoon. coming up, why would president obama want to work with a congress
we are the only country in the world that has a network of trade tax and investment policies that actually promotes outsources. you look at the coand it s precisely because they have a disproportionate impact. i don t blame the chinese. they re acting in their own interest. they re doing mercantilism that s good for the chinese, but not for the rest of the world. reagan was brave enough to intervene with the japanese with the plaza accord. and i think that needs to be the model. once we did the plaza accord, our trade deficit overall was eliminated. i think that s the last time that happened. on this educational attainment we want to achieve, i mean, our manufacturers can compete, but not on a playing field that s
there are some losers, not just the ones you talked about, but the ones cenk talked about as well. but before we get into the winners and losers, or as a side note, isn t it impossible to solve a giant problem by doing little things? here s what i mean. as i see it we have five multitrillion dollar problems in this country. a multitrillion defense budget. the health care system, they did a wonderful job of expanding coverage in the obama administration, and a terrible job of addressing the underlying costs of that is a trillion dollar problem for our country. our trade deficit, they tax our imports to their country at 25%, we tax their imports to our country at 2.5%. they discount their currency 50% to every u.s. dollar, so every time an american goes to sell