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>> for another take, let's turn to richard quest host of cnn quest means business. last year the trade imbalance was $227 billion. that sounds like a gap we need to close, but china produceses goods a lot more cheaply which means folks like me and everyone else in america get to pay less for things. so what's wrong with that? >> jessica, it's very simple. the day you are prepared to pay more for the t-shirt on your back and the shoes on your feet, that it's the day that they will be produced domestically once again. peter may be right that there is an imbalance in the u.s./china relationship, ...

Budget more sustainable is what some people would like to do. if you look at the trade imbalance overall with china, for example, and this is a china story, first and foremost. last year, 2009, a $227 billion trade allowance. that means the united states bought that much more and sold to china. you can look at this year and see we are already on track to surpass the first four months of that this year. this, scott, is a currency story, this is a fair trade story, what is this? >> saying china doesn't manipulate its currency makes about as much sense as saying lebron james doesn't play basketba...

That would be an incredibly difficult -- just getting it more sustainable i think is what some people would like do. if yyou look at the trade imbalance with china, last year, $227 billion trade imbalance. that means the united states bought that much more than it sold to china. you look this year, and you can see we are already on track to surpass the first four months of that this year. this, scott, is a currency story, this is a fair trade story, what is this? >> saying china doesn't manipulate its currency makes about as much sense as shaying lebron doesn't play basketball. we're never goi...

School improvement core that's going to fix up the schools around the country. work that needs to be done. we're going to hire nor teachers and firefighters and policemen. we're going to hire young people to fix up our park. all things that need to be done. health care workers, child care workers, and every single dollar is going to have to be connected to a job. and it's really a reasonable price. it's about, for two years, about $227 billion. but that doesn't even cost, consider what we save in unemployment insurance benefits and other benefits that unemployed people need. but what we're act...

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