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Were talking about the u.s. i guess part of what is interesting to me is that for china, for greece we have these measures around kind of government ineffectiveness, sort of people losing faith in political leaders, growing inequality troubling lack of investment and infrastructure, and that makes me nervous about where we are. >> so that's a fair point. i think the difference between those countries and those economies and ours is that we have a constitution. you know, we're going to kick the bums out every election but there will still be a constitution. we have some sort of policy certainty...

Seen, you've seen it in great britain, the debate is roiling in europe now, austerity alone, when there is not demand in the economy, does not appear to be the answer. you know that tax hikes, and tax cuts have a neutral effect on economic growth, if you look at the clinton and the bush years. demand's got to come from somewhere. >> so, the ideathat we can borrow and spend more in washington and create more demand in economic growth has already proven to fail. we just -- we've done trillions of dollars of stimulus spending already, from both administrations, it hasn't worked. and so what busin...

Already proven to fail. we just -- we've done trillions of dollars of stimulus spending already, from both administrations. it hasn't worked. and so what businesses are telling us they need is more certainty. they have no idea how much higher the taxes are going to go in 15 months. we have a slew of new regulations coming out of washington that's making it really hard for them to create jobs. and so i would say policy certainty from washington was the kind of leadership and the pro-growth agenda we've been trying to pass in the house is really what is necessary to create jobs. >> let me talk a...