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>> who's the number one bad guy right now you would fire in america? >> well, can i be honest? i don't want to say -- there's so many of them. there really are. there are so many of them. you look at the department of education. it goes for blocks and blocks and blocks. education should really be -- we have to -- like a little bit of supervision. >> you wouldn't argue -- >> it should be a local thing. >> i was going to mention education to you because the last word with the chinese, isn't it that they are educating their people better now than america is doing and that's why they're also jumping ahead? isn't that true? >> you know where they're educating a lot of their people? at our schools. it's the most amazing thing. they come over, they learn, they go to harvard, they go to wharton, they go to yale, they go to the best schools, then we force them to leave. >> okay. >> no, no, we force them to leave. >> when we come back, i'll ask you as a man who wins and knows how to pick a winner, which is where i come in, how are we going to win?
there's something inherently wong with the system in this country which led to the financial crisis, isn't there? 10% of americans are unemployed, probably more, as you say. what's the answer here? you're a great employer. tell me how to solve it. >> well, for one thing we're protecting the world. why are we protecting south korea without being paid, okay. they're a competitor. they make a tremendous amount of money off of us. they sell their televisions and everything else. why are we protecting south korea? we signed a horrible trade agreement with south korea. they weren't going to sign it then north korea lobbed a couple of bombs over there, and they said you're a great partner, and we send the "ss george washington," the most incredible aircraft carrier i've ever seen and 17 destroyers right into north korea. why aren't they paying us? why are we protecting them? they make hundreds of billions of dollars of profits against the united states. you know, one of the great ones, 52 million -- i don't know how many folks in the audience see this.
qaeda or something. >> well -- >> when i hear you say -- >> it's very bad. >> when i hear you say enemy, i think it's too strong a word. they are a business competitor who at the moment is outcompeting america. >> they are not really outcompeting. they're cheating. when you cheat, and we have people that don't know what to do because we have the wrong people in office, that's not outcompeting. >> do you think we have smart enough people to deal with the chinese and the indians and these new competitors out there in business? >> i think they're smart, but i don't think they have any savvy. they don't have the savvy. they don't have what it takes. we should put our best -- you know who we have negotiating with the chinese? diplomats. you know what a diplomat is? a person that from a young age is trained how to be nice. in other words, you could never be a diplomat. but a person -- everybody said he should be fired. every week they wanted me to fire this guy. i couldn't fire him because he was so smart. >> i wouldn't be here without you. >> that's right. [ applause ] >> now, you're terrific. frankly, you'd be a very good negotiator. >> so would you.
respect us anymore. they didn't used to stand up. they're standing up now because they didn't respect. they're standing up now because they can do anything they want. you have to go over there and see some of the airports they're building. they make kennedy airport look like it's a third world country. laguardia and i go into abu dhabi and qatar, and it's like the most incredible things you've ever seen. we're like a third world country, and they wouldn't be there. look at kuwait. saddam hussein attacks kuwait. we then go in, get them out, we lose lives, spend hundreds of billions of dollars, we put out red adair. we put out all the oil well fires. we handed back the country. now they don't invest in the united states because you know why, they say the return on investment is not good enough. we're not going to invest. >> maybe they have a point, and here's the other point. some companies like general motors and coca-cola are investing heavily in places like china and doing well. isn't the answer to go where the business enemy is and take them on at their own game and make money out of them?
i buy so many products, glass as an example, a curtain wall for a building, and they all come in, and 90% of the companies with the glass are coming in from china. i don't want to buy glass from china, but our companies can't compete, not because they're not good, not because they're not even better but because of the fact that the chinese are manipulating their currency and make it very, very tough for us to compete. now, what i would say, how do you solve that problem? they're never going to solve it or treat us well unless -- >> this is american glass, by the way. >> you don't know that. it's actually plastic. it's actually plexiglas. almost. you're almost -- >> nearly american glass. >> i feel better with plexiglas, but the fact is that the chinese are looking to do damage to us economically. they're also building up a military and now starting their own aircraft manufacturing, which is going to be very bad for boeing because they come in with this phony deal, about $40 billion worth of airplanes, which is nothing by comparison to who they're cheating us at.
america, but i don't see people in america taking that position. >> piers, you have to level the playing field. i buy so many products, glass as an example, a curtain wall for a building, and they all come in, and 90% of the companies with the glass are coming in from china. i don't want to buy glass from china, but our companies can't compete, not because they're not good, not because they're not even better but because of the fact that the chinese are manipulating their currency and make it very, very tough for us to compete. now, what i would say, how do you solve that problem? they're never going to solve it or treat us well unless we do something strong. >> this is american glass, by the way. >> you don't know that. it's actually plastic. it's actually plexiglas. almost. you're almost -- >> nearly american glass. >> i feel better with plexiglas, but the fact is that the chinese are looking to do damage to us economically. they're also building up a military and now starting their own aircraft manufacturing, which is going to be very bad for boeing because they come in with this phony deal, about $40 billion worth of airplanes,
it's probably the most famous hair in america, isn't it? >> well, i guess it is. i can tell you, nbc certainly wouldn't want me -- somebody said why don't you give yourself a crew cut or shave it. i've been combing it like this -- it's interesting, i saw some of your pictures, not that one, but i saw some of your pictures from an earlier day and it was very similar. so it is my hair. i had a friend come up to my office recently. i haven't seen him since high school. wait until you see this guy, he did better with the girls than anybody. he walks up to my office, weighed 100 pounds too much, bald, you had no idea, big glasses and a cigar. and i said, what the hell happened to you? so it is my hair. i'm very happy. >> before we go to break, a quick tweet here. what do you say to critics, you say beauty package enter are the worst and sexist and demeaning of women. >> well, they're not archaic. i bought the miss usa pageant --
pounds too much, bald, and you have no idea, big glasses and a cigar. i said, what the hell happened to you? so it is my hair. i'm very happy. >> what do you say to critics who say beauty pageants are at best archaic and at worst, sexist and demeaning no >> they're not archaic, because i bought them and they're doing terrifically in the ratings. >> are they demeaning to women? >> i think the opposite. there's a certain group of women -- you go to alabama, texas, you go to places, it's the hottest thing there is. asia, south america, forget it. in venezuela and colombia, they close down the country to have the ms. universe padgett. it's one of the largest grossing television shows anywhere in the world. it gets tremendous ratings worldwide and it's really good for the girls.
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the bigger problem is pakistan. you have to know when you fight a battle, you have to know who to fight. pakistan probably has osama bin laden. now, think of it. you have a 6'6" arab, and we can't find him, who is on a dialysis machine, and we can't find him. you tell us this with all our so-called intelligence. the guy is 6'6", pretty unusual. we can't find osama bin laden. there's something wrong. we give hundreds of billions of dollars to pakistan, and they're probably housing him. he may be housed, frankly, in saudi arabia because you think saudi arabia is our friend. i mean nobody hurts us like saudi with the fuel prices. >> saudi, as i mentioned to you tonight, the other breaking news is the king of saudi arabia has been very firm with president obama basically telling him to leave off mubarak and, you know, keep our big noses out of it allegedly, so what do you think of that situation as it's developing? you're beginning to see the old order in the middle east standing up to america and saying this is our business, not yours. >> they're standing up for the first time because they don't