Peter Marecy News Today

Command prestige in the world, theun or china? if you want chinese hejemony, continue the trade polices with china and continue to permit it to snatch our technology. jenna: mike, if the scenario that peter is describing actually takes place and you see china emerge as a superpower in the global economy, what does that mean for our polices when it comes to geo politics, when it comes to our domestic polices, international policy, how does that change our place in the world? >> look, its clearly ...

China. is this the new normal for us, that we have to settle for the fact that we may not be number one by a wide margin anymore? >> its inevitable, and i think peter is right on this, too, certainly within our lifetimes, probably ten, 15 years, china and india will be only 50 percent of the worlds gdp, theyre going to command more respect with those numbers and if we dont take advantage of what we have in our position right now, theyre going to have us even further over a barrel than they do at...

Im not saying dont be worried about china but approach it in understanding that its problems are going to possibly cause even bigger problems for the rest the world and if it just keeps growing the way it is today. jenna: chals, i want to finish up on the final question and im going to ask peter and mike this question, what do you think is key to keeping the u.s. economy in the number one spot? >> education. i really believe we have fallen so far behind in education, we have the permanent underc...

Institute and charles payne, ceo of wall street strategies and fox business contributor, thank you all, gentlemen, for joining us. >> notices to be with you. >> peter, you say its not going to be 20 years, its going to be ten. why do you believe that? >> if the u.s. economy grows at 2 percent a cheer and -- a year and andras economy gross at ten, can can -- it can be closed during that time. its undervalued, its more like 8 trillion, ours is 14.5. its easy to do in ten years. jenna: in the short...

Numbers, its about how people live and the quality of life and i dont see too many people going to china, their coming to japan to work. i dont think we have to worry as much. plus as much as chinas economy grows, american companies are exporting more there. so there are two sides to the story. jenna: to worry or not to worry, charles, what camp are you in when it comes to chinas growth here? >> im in a camp that says if theyre growing like this, to peters point, i think we should be taking the ...

Jenna: mike. >> i agree with charles and peter, 11 other thing, its maintaining our innovative edge, maintaining the environment and climate when you can take risk, succeed and we can always come up with the newest ideas that change the world for the better. jenna: great discussion, gentlemen, appreciate your input, mike, peter, charles, we look forward to having you back again soon. gregg: up in space, a crucial space walk, taking place this hour, and coming up, why this repair job is a make or...

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