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Real issue is wages and jobs. most people over the last 35 years have not really seen their wages increase, adjusted for inflation. in fact, the bottom half of the american workforce has actually seen their wages drop, adjusted for inflation. and that really, to me, signals that there is an experiment that failed and that experiment is called trickle-down economics. give tax breaks to the rich and you hope that it trickles down to everybody else. well, donald trump has talked a lot about trickle-down economics. and frankly that worries me. >> jeffrey lord. >> what worries me is crony-nomics wh...

The entrenched interests who have their hands unnaturally on the leaders of power in our so-called democratic system. that's why it needs to come bottom up in this country. now, you look at china who are meeting us halfway on this. right here in los angeles with this historic summit. and china is very much a top down system. they can pivot quicker than us even though they're a much bigger system and much bigger population, 1.4 billion people. they're outstripping us in solar, in all across the renewable energy spectrum. in 2013, alone, they put in more solar than the united states has since so...

Have forcing mechanism, any kind of stress. so you see what happens in societies in which jobs get scarce, right after a financial crisis. it's very easy under conditions can of constrained resources for some of the worst impulses in politics, doesn't matter the society to come out. that's a real thing to worry about. >> i think it is. people have to understand that the cost of not fighting climate change now is going to be much, much greater later to our economy. so but it's not an issue of what's really best for the economy. it's really an issue of what's best right now next quarter for the ...

The entrenched interests who have their hands unnaturally on the leaders of power in our so-called democratic system. that's why it needs to come bottom up in this country. now, you look at china who are meeting us halfway on this. right here in los angeles with this historic summit. and china is very much a top down system. they can pivot quicker than us even though they're a much bigger system and much bigger population, 1.4 billion people. they're outstripping us in solar, in all across the renewable energy spectrum. in 2013, alone, they put in more solar than the united states has since so...

So we will continue to hideout. mitch daniels said i'm happy to talk to them but he has to come back here. >> shannon: he has gotten praise for being tough and getting things done and handling the finances in indiana. did you talk whether that will translate into 2012 and whether that will be a run for the white house? >> if he does it he will be the bitter medicine candidate. he has a terrific record. he took a $600 million deficit in indiana and within a year turned it around into a $370 million surplus. and i said to him and he now is -- he just was at cpac for the conservative political ac...