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Propaganda -- export markets and critical infrastructure were crucially dependent on russia, those are some of the problems we face with china a far more potent and serious adversaries in the flailing ramshackle and stagnant system run by putin. what do we need to know about what we should be gearing up for with china? >> we have taken our eye off the ball on china policy. there seems to be nobody in charge. joe biden when he first talked about china said he wasn't good to let china surpass us on his watch. that's exactly what is happening. their growth weight according to a "wall street journ...

The u.s. economy since 1984. u.s. economy grew at 6.9% annual rate by the end of 2021. this is significantly better than analysts expectations prior to that in a statement president biden claimed credit for the record economic growth saying this is no accident, my economic strategy is creating good jobs for americans, rebuilding our manufacture and strengthening our supply chain here at home to help make our companies more competitive. joining us now is jerry bernstein, a member of president biden's council of economic advisers. thank you very much for joining us tonight. really appreciate it....

Our country is doing very well. we are going to see how it all works out. china was taking hundreds of billions of dollars a year out of the united states. somebody had to make a stand. the >> martha: he also insisted that china is not the issue. it's the fed. the president sounding off again against the central bank, saying that they must cut interest rates. susan, good to see you. i don't think anyone has ever been an open opposition. this is pretty open. is the president right that china's economy is really in trouble? thousands of businesses are closing customer >> i would say that china's...

Hours of more paperwork. now, this means that companies, startups have to hire compliance officers, accountants and lawyers rather than engineers and salespeople. and this is having a tangible effect on the kpeconomy and why we're growing at a substandard growth weight. >> the pile-on, we don't need all of this stuff, do we? >> no. we're absolutely a regulation nation. big corporations are oftentimes the ones that can absorb the cost. it costs $100 million in compliance costs and it's one thing for walmart to absorb that but a smaller competitor cannot. it distorts the markets and creates less...