Detailed text transcripts for TV channel - CNN - 20110108:01

Detailed text transcripts for TV channel - CNN - 20110108:01:11:00

in china compared to the entire u.s. economy the past month adding 100,000 jobs so the new normal in terms of trade, in terms of the global wealth creation that's so critically important, we are losing this battle and i think the answer to this long term has got to be education, things that take 20 or 30-year time horizon. this is a long-term transformation of our economy. >> this is a -- look. if you give stimulation to this economy, what happens is you give people money, they go into walmart, pay money for something, that money is immediately shipped to china because everything in walmart except for nuts is made in china. so it all goes to china. it is very tricky to have stimulation when the stimulus is going to china and all the enno vags out of silicone valley. mr. apple, i mean, mr. jobs, is a seen yus but where we get traction in the country is not

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