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Th chinese government poured a ton of money into a big stimulus. that stimulus has died out. it's kind of like our stimulus here in the sthuasmt ended and now the u.s. economy is struggling. the other thing we have going on in china is pure and simple growing pains. a lot of businesses moved to china, a lot of people moved over there for the cheap labor, now as the economy has improved the labor is not so cheap anymore. a lot of companies are moving their factories from china or setting up factories in places like in the u.s. because the labor differential, the price for labor there in china v...

The chinese government poured a ton of money into a big stimulus. that stimulus has died out. it's kind of like our stimulus here in the sthuasmt ended and now the u.s. economy is struggling. the other thing we have going on in china is pure and simple growing pains. a lot of businesses moved to china, a lot of people moved over there for the cheap labor, now as the economy has improved the labor is not so cheap anymore. a lot of companies are moving their factories from china or setting up factories in places like in the u.s. because the labor differential, the price for labor there in china ...

We have to cut as well and the other thing we have to do is get rid of regulations, i have been saying 2-3 years now. >> rick: you sound like the republicans in congress. what they talk about. >> well, let me tell you. what else do we have left? what we are doing now is not working, we see that. it is getting better at one point and now things aren't working and now we have a world economy, not just the united states starting to suffer and we have an opportunity to take advantage of what we have in our resources now and that is cut the things that are keeping the economy from growing and i kno...

days in jail for spying on his gay roommate with a webcam. that roommate committed suicide. was it a fair sentence? we begin with evening with president obama's most personal and most direct critique of his republican challenger, mitt romney. speaking in chicago at the conclusion of the nato summit and brush ago side criticism from a prominent democratic ally the president took aim at governor romney's tun you're at the head of the private equity firm bain capital. >> this issue is, quote, not a distraction. this is part of a debate we'll be having in this election campaign about h...

Innate, inflate. >> inflate indeed and spend. today has gotten around to a point where we can understand the real divisions. the european central bank gave a speech this week in which he said, spending alone is not sufficient to produce growth. and francois hollande is getting credit for-- angela merkel says spending alone is not going to solve our growth problems here, we need structure reforms and labor market reform and i think that's the division that's now showed up in the european debates. >> and they've always wanted to undermine the ecb and mettle with the ecb. the germans, are stronge...