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First responders during the coronavirus pandemic. The house sign space and Technology Committee is hosting. You are watching live coverage on cspan. We can understand more clearly what we are facing. Significant n to local estate tax revenue. And other sources of support for Fire Departments. Facing some departments the hardest decision for firefighters in this crisis. We are in the middle of this health guide trips Health Crisis that at the same time the country is addressing longstanding racism. We are also in the early days of [inaudible] paul. Are not on mute, im sorry . [beep] ok. Thismain in the middle of health and economic crisis at the same time our country is confronting racial injustice. On top of that, we are in the early days of an honest wildfire hurricane season. This is a time of great uncertainty. ....
At this point with hallway and as geo political superpower that we are in the United States and where a competitor to china were seeing with 5 g. Because the u. S. Doesnt even how one single manufacturer of this tel and consequent we see germany we see brazil likely to do deals with huawei despite the u. S. Saying no what do you think of this well they certainly are putting pressure on on the europeans not to do 5 g. And indeed also the same question is confronting india right now. Modi is also being pressurised not to adopt while weighs 5 g. Standard so the question is if you want to use the sputnik analogy the russians were ahead of us when they launched a man into space before we did and the us mobilized its considerable National Resources and ultimately caught up and did surpass the russians. I would say that its not impossible that the same thing could happen but of c ....
At it from an economic standpoint they make their shoes and they make our shoes they make their t. V. s and they make our t. V. s they make their car parts and they make our car parts so i think their economy the way we estimate it is that is their economy is absolutely you know massive you go any city in china they basically have new airports new roads New Buildings new schools so theres been a massive economic boom that probably is going to be difficult to keep up and you know what i personally believe chinas g. D. P. The last few years is much much lower than the official so looking at some of these technologies like 5 j what way they are leaps and bounds ahead so to get it can take on the sputnik moment you know we have the cold war 3 saul going on with the union that same to get the nasa Program Going which gave us a lot of new technologies and there was a huge boost to ou ....
Back now according to the i. M. F. Using purchasing power parity china is already 25 percent larger economy than the United States and cons of course you live there for 20 years what did you see here youre in brooklyn as you can hear around us were across the river from manhattan and youre seeing a construction boom here by u. S. Standards but put this into context of our competitor nation as trump calls thats whats going on there component here china has a distribution economically of course and sort of were right the economy in brooklyn where were going to be different than little rock arkansas trying to do they passed us on a p. P. P. Basis on the g. D. P. Back in 2016 so its been a few years already the way i like to look at it too if you just step back and look at it from an economic standpoint they make their shoes and they make our shoes they make their t. V. s and they make our t. V. s they make their car parts and they mak ....
Standards but put this into context of our competitor nation as trump calls thats whats going on there component here china has a distribution economically of course and sort of were right the economy in brooklyn where were going to be different than little rock arkansas trying to do they passed us on a p. P. P. Basis on the g. D. P. Back in 2016 so its been a few years already the way i like to look at it too if you just step back and look at it from an economic standpoint they make their shoes and they make our shoes they make their t. V. s and they make our t. V. s they make their car parts and they make our car parts so i think their economy the way we estimate it is that is their economy is absolutely you know massive you go any city in china they basically have new airports new roads New Buildings new schools so theres been a massive economic boom that probably is going to be difficult to keep up and you know what i personall ....