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Georgia where you're talking about 4-year-olds going, you know, the pre-k education, which is critical. that is a red state idea. that is happening in states like georgia and oklahoma. and you get an incredible amount of return on your investment. so for every dollar you put into young children being educated, you get about $4 to $11 in benefits. specifically in this example, you look at -- i have a 3-year-old son jack and he's in school. well, only 50% of 3-year-olds in america have an opportunity to go to pre-k education. it expands their vocabulary, they start counting numbers earlier on. t...

The reason that we are where we are economically is a competitiveness issue. jobs have gone abroad. this is not a three-year process a ten-year process, it's a 30-year process. the labor share of the pie has been shrinking since the 1970s. so i think that that's good for the president because it plays to his message. we've got to invest in education in infrastructure. countries like china spent four times as much on infrastructure as a percentage of their economy. >> there's a big section in ralph's book about infrastructure and how you make the argument for that kind of investment. would you ...

We've got this long-term crisis now. when the european central bank came in to be the lender of last resort, you've got some stalemate for the time being, you can prevent things from going very seriously wrong. the problem with europe is it's going to slow very slowly, if at all. it's got a huge banking problem that's still got to be sorted out. the leverage is far worse than the american banks. we've got a competitiveness issue, and we're losing share of output to the rest of the world. so all the time as this crisis is moving to a new dimension, at the same time you've got this long-term shi...

America is not in decline. i've got news for governor romney. and congressman ryan. gentlemen, never ever, it never makes sense, it's never been a good bet to bet against the american people. [ applause ] >> eric: dana, where have i heard -- romney or ryan betting against the american people ever? >> dana: i don't know. i hate being yelled at in a speech and being pointed out like that. the thing about this competitiveness issue, america in decline if you look at the report that came out just this week, america dropped further down on the competitiveness scale. so actually, business owners in ...

America is not in decline. i've got news for governor romney. and congressman ryan. gentlemen, never ever, it never makes sense, it's never been a good bet to bet against the american people. [ applause ] >> eric: dana, where have i heard -- romney or ryan betting against the american people ever? >> dana: i don't know. i hate being yelled at in a speech and being pointed out like that. the thing about this competitiveness issue, america in decline if you look at the report that came out just this week, america dropped further down on the competitiveness scale. so actually, business owners in ...