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Resistant. they are not going to make the changes that are necessary for them, that peter talking about. the only thing that we can really do is go to the world trade organization, file our cases, and also, these countervailing duties that this new bill would make much easier for people to use. so we have to do what's in our interest, and the chinese, eventually, when they get the message, they'll come along and do the right thing. >> and they'll realize, ultimately, you're saying, if we push forward that our interests are actually aligned? >> yes, because they need us much more than we need t...

Escalation as well. >> last year, 149.2% of china's overall trade surplus related to sales from the united states. that's up from an already-stupendous 90.1% in 2008. >> so they're not there to torpedo us? >> clearly not. they would just kill their economy, which means they would kill their political system, the communist party, be out of power. >> everybody would lose their power. is it fair to say, peter, the communist party, and the reason they're so fearful and aggressive in pushing for these riggings and extraction is to ensure full employment for the young people in that country, because...

Game. >> when they see that we're resolute, they'll start to become reasonable. only when they see the will in congress will they do anything. >> do you feel what you're seeing in the legislature today qualifies as resolute? >> senator harry reid said it best. this schumer bill is going to be the jobs bill. it's more importantly, actually, than the president's jobs bill, because if you get china right, everything falls into place. >> you get trillions of dollars in money in capital flows that are flowing away from our country, that start to flow back into our country. >> absolutely. absolutely...

"let's get serious aboutll. and peter navar is author of "death by china," a fantastic book title, if nothing else, peter. and surely it's more than that. you call this the let's get serious about china bill, professor. why? >> the important thing is that china really has been sucking the united states dry of jobs. when i was practicing law in china, my u.s. manufacturing clients would take days and argue over pennies on unit prices. and now china has a currency that is maybe 35% undervalued. that means the loss of hundreds of thousands, if not millions of american jobs. some people say 2.8 mi...

Our blood and europe's blood, because we're the people that propel their economy, ultimately. so there's got to be balance. >> how do you create aligned interests? this is the conversation that i was having with the folks -- i'm going back to the professor, peter. i'm sorry. whether it's with the kids that occupy wall street or the old people or whatever it might be, whether it's the tea partyers, everybody talks about the misaligned interests. and this is a classic example. china has one interest, we have another interest, right now, the misaligned interest is exploiting america. but, ironica...