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Deficit spending and the president doesn't believe there is a spending problem. so we just can't go ahead and raise the debt ceiling if there is no other provisions. they've got to roll up their sleeves, both congress, with taking the lead from president obama and basically raise -- if they're going to raise the debt limit, it's got to go in with spending cuts. >> arthel: you're talking about the downgrading of the credit rating for the u.s., which now stands at a a plus. it used to be triple a, which is the best you can get as of august 2011, that was downgraded. okay. so let me ask you, merc...

in libya. the national criminal court wants him on charges of humanity. police arrested him on sunday while he was allegedly making a pipe bomb. authorities say he got bomb-making instructions from a website linked to al qaeda. those are the top stories. "world business today" starts right now. good morning from cnn london. >> and good afternoon from cnn hong kong. i'm andrew stevens. the top stories this monday, november 21st. >> it's a landslide victory for their political party. >> talks have collapsed between qantas unions. the dispute is in the hands of the empire. >> and wi...

All of these things are american. get off of the mideast oil. just exactly what the president said when he got the nomination. he said in ten years we will not be on mideast oil. and i am in total agreement on that. but you have got to have a plan, or nothing will ever happen. it's like a tree. it's like a tree, larry. when was the best time to plant a tree. 20 years ago. just in case you didn't plant it. today is the second best time. you have got to get an energy plan for america. >> larry: well put. can, can bp survive this poor credit downturn? >> well, the credit downturn it started, just...

Be on mideast oil. and i am in total agreement on that. but you have got to have a plan, or nothing will ever happen. it's like a tree. it's like a tree, larry. when was the best time to plant a tree. 20 years ago. just in case you didn't plant it. today is the second best time. you have got to get an energy plan for america. >> larry: well put. can, can bp survive this poor credit downturn? >> well, the credit downturn it started, just before this happened. was aa-plus, then went to aa, now it is bbb. well they're two above junk now. but, sure they can survive it unless, unless the government...

It just won't do any more. we need leaders who worry as much about our cities as they do citibank. as mayor of a city, i know the struggles we've been through. i want to get up there and turn it around. we've done the job in lansing in spite of these tough times, aa plus credit rating, one of the five cities that can say that in michigan. up and running, cadillac cts and the new chevy traverse, in addition to the buick enclave and gmcacadia. we make great products, we make the american dream. that's why i'm running. >> if you're doing that in lansing, michigan, you know that's a far different ...