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Else that did it to them. as and china becomes a focus as the u.s.' largest creditor and there becomes hostility between china and the rest of the world, if that occurs, not over a year or two but over decades, you could have major trade problems, major economic problems, and potentially military problems. >> how does this -- how does this solve that? >> by the way, before we get to the solution, those problems are already occurring between china and japan, between china and europe on certain types of products. the schwarzman scholars is designed to create leaders, actually people who are alre...

Bucket and again, what we need -- what it completely omits is growth in our economy. part of this also, which unfortunately i'm not sure how much the president dealt with when he was dealing with china were the trade problems, china's manipulation of currency and cheating with patents and copyrights and requirements companies have to go through to sell them anything is bloodying us to death and is another element we can look at for growing our economy but the idea of freezing things and somehow coming up with $400 billion in spending reduction is too little. >> heather: how about this, somethi...

Group of people aware of the trade problems of the banking problems of the health care problems of the tax code problems and have a huge motivation to do something about it, but quite honestly respect quite sure what to do, they are very frustrated and very frustrating to learn how rig and screwed up the poll advice and can't do anything about t you were trying to organize a job movement in this country around things that can be done, where would you begin? >> i would begin with the trade with china, we can put a tax on import and investment into china by taxing currency con vers are, simple t...

Come. so you know, if obama wants to get serious about fixing trade, fixing the banks, doing business with china, restoring bank capital, we can get people to work. >> the president this week had a press conference where he talked about -- or an availability at the export/import bank where he said, look, i have named this exhort council. we are going to double american exports over the next five years. i mean, that's a tall order and a high -- a high mark to try to hit. i want you to listen to what the president said, and i want you to tell me, do you think he can do it with the policies that ...

I want you to listen to what the president said and tell me, do you think he can do it with the policies that you've seen? let's listen. >> we can't be satisfied with being number one right now. we shouldn't assume that our leadership is guaranteed. when other markets are growing and other nations are competing, we've got to get even better. we need to secure our companies a level playing field, guarantee american workers a fair shake. in other words, we need to up our game. >> peter, if we up other game and double our exports, china triples its, don't we still have the same trade problems? >>...