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tv   Fareed Zakaria GPS  CNN  September 18, 2011 7:00am-8:00am PDT

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this is "gps" the global public square. welcome to you in the united states and around the world. i'm fareed zakaria. we have a terrific show for you today. first up, a man who wears two very important hats, jeffrey immelt is president obama's job czar. in his day job he's the ceo of general electric. why in the world is oil about to be drilled right off america's coast without any american involvement? next up, the palestinian territory's quest for statehood. a roundtable of top experts looks at all of this and more. finally, one last look at an area where america's top dog status has been reaffirmed. before i give you my take, a programming note. don't miss the cnn special tonight, "restoring the american dream getting back to work." top american leaders join me to talk about how to fix the unemployment crisis. that's at 8:00 p.m. eastern and
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pacific. now my take. the european crisis you have been reading about in the newspapers is worth watching carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up 2% of the european union's gross domestic problem. italy is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. it has long been governed in an almost cartoonishly bad manner. italy is too big to fail but may be too big to bail. even germany may not be able to bail it out along with all the other troubled countries. so what can be done? i don't think the leading
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proposals will work. creating ueuro bonds or gives brussels broader powers to tax and spend. those things won't happen. people oppose it in europe, governments oppose it in europe and creating a tighter european union will take ten years to sort out. markets need reassurance now. i have a proposal. we need a bazooka. facing a similar crisis in 2008 treasury secretary henry paulson talked about the need for a sum of money large enough to scare markets into submission. >> if you have a bazooka -- >> the problem is this -- all of the e.u. combined doesn't have a big enough bazooka. who has the money italy and spain need? take a guess. they have $3 trillion in foreign exchange reserves alone. yep, china. in fact, today there are $10 trillion of foreign exchange
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reserves sitting around the globe. that is the only pile of money large enough from which a bazooka could be fashioned. the international monetary fund could go to the leading holders of such reserves, china, brazil, saudi arabia and ask for a $750 billion line of credit. the imf would extend the credit to the troubled e.u. economies, italy and spain particularly but would insist on closely monitoring reforms and granting funds as restructuring occurs. the credit line would more than cover the costs of italy and spain for two years. the terms would ensure the two nations remain under pressure to reform and set them up for growth. now, the chinese would have to devote at least half the funds. what's in it for them? a new global role. this could be the spur to giving china a much larger say at the imf. in fact, it might be necessary to make clear that christine
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lagarde would be the last nonchinese head of the imf. in a world awash in debt, power shifts to creditors. it's happened before. after world war i, european nations were battered by debt. the only country that could provide credit was the united states of america. for america, providing desperately needed cash to europe was its entry into the councils of power which brought a powerful new player inside the global tent. today's crisis is china's opportunity to become a responsible stakeholder in the global system. if this doesn't happen, by the way, hold onto your seat because we are in for a rough ride. let's get started. for the last eight months jeffrey immelt has held two
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jobs. he is, of course, the chairman and ceo of general electric but also moonlights as the chairman of president obama's council on jobs and competitiveness. in other words, his second job is to get a first job for the one out of six americans who are looking for work. so what is he going to do? i talked to him about jobs, the american economy and general electric. when president obama asked you to head up his jobs council, what did you come in hoping to achieve? what's the one thing you thought you would be able to get done? >> i took it just as a pure play and the one thing i hope to get done is to create more jobs. you know, in other words, fareed, i have tried to stay focused on this in a very tactical way and really, i think, building the amount of confidence that's required to actually improve job creation in the united states. >> taking this position, have
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you learned something about the difficulties, the opportunities of job creation that's different from just running g.e.? >> one of the things that this made me do is reach out more and try to see it through the eyes of small business. and when you really try to put yourself in their perspective, they have all the problems g.e. has only on steroids. so in many ways, you know, one of the roads out of this is there's got to be some simplification of regulations in the united states. the fact is that g.e. and ibm and j.p. morgan, we are big enough companies that we can muscle through regulatory pressure. we can comply, do the things we need to do. if you're a $50 million business it's just so much harder. i become much more aware of the challenges that basic fundamental small businesses
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have in the united states. it's given me a much better appreciation of what they go through. >> what is it like working with president obama? >> he's a good listen. he's tough-minded. i tell colleagues in the business community it's not like your first shot on goal is going to get through his pads. he's tough-minded and he's a good listener. >> you know, a lot of people in the business community think he's an empty capitalist or too left wing to be president. you see him. you talk to him about capitalism, jobs, the economy all the time. >> i know he cares deeply about job creation, about the united states. do i agree with everything that the president says or everything she stan he stands for? probably not. definitely no. but at the same time he's my president. i agree when the president asks you to do something you say yes. so that's the context with which i took the jobs council assignment.
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i like president obama, i respect president obama. >> you are a republican, correct? a registered republican. what do you say to republicans where you now see the entire party largely unified around the idea that the only thing that the government can really do to create jobs is to cut the budget, cut the deficit, slash spending. there is very little appetite for any kind of affirmative government policy let alone investment. is that the right path? >> look, in my essence, i make aircraft engines and gas turbines and sell them to customers around the world. i'm not really a politician. you know, i don't really want to set public policy. but i believe in balance. does the debt, deficit need to be reduced? absolutely. is government too big in many ways? absolutely. but does the country still need to invest in education? does the country still need to
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invest in infrastructure? does the country still need to invest in the types of innovation and r & d that are going to make this country competitive in the 21st century? yes, we do. the advantage i have is i live my life in beijing, in rio, in paris, in moscow and i see the rest of the world investing in competitiveness. i see the rest of the world wanting to gain share versus the united states. and so i think a balanced approach ultimately is what most business people, most ceos would like to see. >> you know that a lot of people look at ge as a poster child for the problem with the corporate tax collection. they say -- >> look, we paid tens of billions in taxes over the last decade. we wrote off massive amounts during the financial crisis in ge capital and our tax rate this year is over 40%. like many ceos, i am
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dramatically in favor of a new corporate tax system that lowers the rate, ends loopholes and puts us on the same basis with germany, uk and japan and everybody else around the world. i completely agree with where the bowles commission came out on the tax system. let's get after it. >> what about investment? you're sitting on piles of cash and people say you're opening businesses in china, hiring people in china, but you are not hiring people -- >> we're hiring 15,000 people in the united states this year. you know, we are investing in the u.s., but we are also investing in china, in india. look, more than 60% of the company is outside the united states. 70% of our backlog. i wish all my customers were in chicago. really, i do. it's the easier way to run the business, but my customers are in brazil. my customers are in canada. my customers are in japan and china.
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we are one of the country's biggest exporters. i think the country should applaud that. you know? that's nothing to be criticized. so, look, i'm just not going to apologize, but we are also going to create jobs in the united states. we are one of the best exporters. we are one of the biggest r & d spenders. every one of my competitors is global. we are a 130-year-old company. we compete with hitachi, siemens. all of them get government support from the german government, the uk government, the chinese government. i just think, you know, we criticize global companies like ge when in many ways we can help build competitiveness in the united states. >> tell me about the jobs council. what specifically can the united states do? you have divided the challenge in a sense into a short term and a long term. tell me about the short term first.
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what can we do to create jobs? >> we are going to do an industry-wide sector bisector jobs plan and we'll finish it by the end of the year. we didn't want to focus on legislative solutions. it was nonpartisan. nobody on the council -- and there are 26 of us. none of us believe there is a silver bullet for job creation. there will be dozens of ideas that go into creating jobs. early on what we try to do is focus on supply and demand, reducing the regulatory burdens. we wanted to put people back to work quickly. so we had ideas in education. create 10,000 more engineers every year. we had ideas around reducing cycle time. so getting visitor visas, shorten cycle time to put together -- to create jobs for 100,000 or 200,000 travel and leisure workers. simple, focused to build confidence. those things are all under way. >> back in a moment with much
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more with the jobs czar, jeffrey immelt. as a manager, my team counts on me to stay focused.
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what do you think it would take for american companies to be able to gain productivity by increasing employment rather than decreasing? because the last few years what you have seen was increasing activity by shedding jobs. >> again, in the end you need demand. in other words, none of our names are above the door, right? we all work for investors. investors want us to invest in growth but they don't want us to run operations that are less competitive or that are inefficient. but if you look -- you know, fareed, we've got 60%, 70% market share making jet engines. our plants are full. we are adding people in every factor, in the supply chain. now 80% of the products go
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outside the united states. they go to the middle east, to china, india. the airlines that are growing are going there. so if you can see growth the tendency is to want to hire people and not to be unproductive but to fulfill demand. i think people need to see more certainty of demand. now, you know, i personally would say would i like there to be more certainty on tax rate and health care policy? sure. but none of that's stopping me from investing. to a certain extent that's a crutch. >> what would it take to make bigger investments in the united states in manufacturing, in areas like that for companies. what would convince you to do it more? >> i thingt's about having good, educated well trained work force which we have many times but still needs to be in place. having good, stable understanding of what tax policy
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is going to b. some states in the u.s. you have 50 different ceos and different incentive packages and things like that. those are important but they are rarely the single reason why people put factories any place. just certainty of education, certainly of tax policy. a well trained work force. really, i personally think at the right wage level, $15, $20 an hour, lots of work could come back to the united states in manufacturing and be competitive with other parts of the world. >> tell me about the role of government. you travel around the world. you notice that south korea, china, the governments are active in promoting businesses, industry, sectors. you face this in the wind turbine business. clearly the chinese government is making a powerful push to get market share from general electric. do you wish that the united
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states government were more active? >> i believe in the american way, the american system. now, the government in the u.s. has always been a catalyst to drive growth. always. always. this is not president obama versus president bush or things like that. the nih has been a catalyst for the world's best health care system. the department of defense has spawned the internet, spawned modern transportation technology for generations. the nuclear industry was built on the back of the department of defense. so for generations, more than a hundred years, the government has been a useful catalyst to drive this capitalist system. so, number one, there is a role -- i think a small role to be played by the government in risk-taking and helping to evolve where we go, right? number one. number two, it just so happens that the biggest competitor in
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the world today has a system where the government fund meancally runs the play. i mean, i have been going to china since 1984. i get the five-year plan from the chinese government. i make our team digest them, study it and analyze it because they actually do it. so we now have a new competitor who runs a different play. and i have always been paranoid about competition. i think it's good for the united states to be paranoid about competition. to study and say, okay, a, do they have a way we should understand? b, how do we beat them, compete with them or what do we do? we need to be reflective. i know what the right answers are for ge. i'm not sure i'm smart enough to figure it out for the entire country, but we have to recognize that the big es
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competitive plays, the game in a state-driven way. we need to understand that. >> are you optimistic though that we will -- a lot of the problems you see that need to be fixed to get american employment up, to really transform the jobs situation, these are big changes, the long-term challenge, educational system, system of reforming the bureaucracy, getting much more deeply invested in infrastructure. we are not doing most of these things now. are you confident we'll be able to do it? >> i'm optimistic and confident because i believe in the end our system works. i look at where we are today as a natural progression of economic crisis, anger, fear, anger, all that's playing out. in the end, we've got to work together. in the end, we have to find ways to drive common solutions to
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bigger problems. i think that's true for the private sector, businesses working together. i think it's true between the public and the private sector. ultimately, there is a sense of team work that's very much a part of the american culture. there is a sense of partnership that's very much a part of the american culture that i think is -- will ultimately play out. >> my thanks to jeffrey immelt. you can see more of this interview with immelt and with the ceos of general motors, dow chemical and starwood hotels and senator hutchison of texas all on "restoring the american dream, getting back to work." that's my special airing tonight at 8:00 p.m. eastern and pacific. there is a lot of talk in washington about fixing the unemployment problem. we'll tell you where we need action. quick ways to get people back to work. we'll be right back. her morning begins with arthritis pain. that's a coffee and two pills.
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now for our "what in the world" segment. can you remember what explosive crisis america and the world was fixated on last summer? it wasn't the deficit, jobs or europe.
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it was an oil disaster. remember the bp spill? tons of crude gushing into the gulf of mexico? well, in the weeks and months that followed, there was a lot of discussion about how to make sure it didn't happen again. but what struck me this week is that we have a new dangerous drilling zone right on our doorstep. cuba. estimates suggest the island nation has reserves anywhere from 5 to 20 billion barrels of oil. the high end of the estimates puts cuba among the top dozen oil producers in the world. predictably there is a global scramble for havana. this chinese-constructed drilling rig is owned by an italian oil company and is on its way to cuban waters. norway, and india will use the rig to explore for oil. petro giants from brazil,
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venezuela, malaysia and vietnam are swooping in. of course we can't partake because we don't trade with cuba. but what about at least making sure there are some safety procedures that are followed that would protect the american coastline? you see at 5,500 feet below sea level these oil rigs off cuba will go even deeper than the "deepwater horizon" rig that blew up last week. the coast of florida is 60 miles away from cuban waters. what if there is another oil spill? will it be quick and ease stairway clean up? no. the near es and best experts on safety procedures and dealing with oil spills are all american. but we are forbidden by our laws from being involved in any way with cuba. the trade embargo keeps us from doing business with them and also from sending equipment and expertise to help in a crisis.
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if there is an explosion, we'll watch while the waters of the gulf coast get polluted. this is obviously a worst case hypothetical but is the danger we should plan for and one we can easily protect against if we were allowed to have dealings with cuba. this mess is an allegory for a larger problem. we imposed an embargo with cuba 52 years ago at the height of the cold war when we were worried about soviet expansion and the spread of communism. >> those are russian-made ballistic missiles. >> well, there is no more soviet union and i don't think there is a person in the world who believes america could be infected by cuban communism today. but the antique policies remain. antique policies designed to force regime change in cuba. well, the castros have thrived for five decades using american hostility as a badge of cuban
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nationalism. all the embargo has done is keep cuba impoverished and cut them off from the world. cuba has an internet penetration rate of 14%. only one out of seven people can use youtube. only one out of 20 cubans has a mobile phone. and now we will stand silently and watch as other countries drill for oil, reap the benefits and endanger our coastline. but, hey, we're making sure cuban communism stays contained. we'll be right back. introducing the schwab mobile app. it's schwab at your fingertips wherever, whenever you want. one log in lets you monitor all of your balances and transfer between accounts, so your money can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime
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time for a check of today's top stories. the u.s. geological survey says a 6.8 magnitude earthquake struck sikkim india in the northern portion of the country. no major damage was reported. another set-back in the effort to get two american hikers released from prison.
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josh fattal and shane bauer's lawyer said he was not able to get a signature for bail paperwork because the judge is on vacation until tuesday. fattal and bauer have been held for more than two years. fierce fighting in parts of libya between forces loyal to moammar gadhafi and revolutionaries. anti-gadhafi forces hope to take control of sirte and bani walid. a spokesman for the government said there is no information about gadhafi's location. in west virginia a pilot was killed when he crashed his plane during an air show saturday afternoon in martinsburg. investigators are looking into the cause of the crash. no one on the ground was injured. those are your top stories. now back to "fareed zakaria gps". >> an egyptian mob burned in cairo. ambassadors to egypt and turkey have been forced out and the arab world is coalescing around proposals to vote for palestinian statehootd in new york this week.
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joining me now four top experts. elliot abrams held top foreign policy positions under presidents reagan and george w. bush. rashid kalibi is an american historian who teaches at columbia university. brett stevens is the foreign body affairs columnist for the wall street journal. welcome. rashid, what is the strategy here that the palestinians hope to accomplish because the u.s. is going to veto any kind of palestinian statehood and the security council is the only place where they can get it. so what's the point of going through this exercise? >> it's true that there will not be a palestinian state member of the united nations because of the u.s. veto if they go for that. i don't think it's clear what their strategy is. it may be changing. they are under enormous pressure not to go ahead. i should say that nothing they do will change the reality on the ground. the occupation will continue,
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settlement will continue. the united states will be an obstacle to any sound, peaceful, just resolution of the conflict. but it may change the diplomatic atmosphere. i think this may be the most important result. it is going to lead to severe sanctions against the palestinians, very likely by our congress and by israel. should some kind of resolution, even observer status of a palestinian. >> is it a mistake? >> i think this is not going to advance palestinian statehood. if it ends the illusion among palestinians that the united states is going to help facilitate real self-determination for the palestinian people it's probably not a bad thing. >> brett, what about the issue of what it does to israel? you will have the spectacle in the general assembly where the vast majority of countries in the general assembly will vote with the palestinians and against israel. you will probably have a handful of countries voting with israel. does that matter, do you think?
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>> israel is used to being in the minority in the united nations. it has been for a long time. i think your question gets to the heart of the palestinian gambit. not trying to achieve genuine statehood. it's another tool in an arsenal to delegitimize israel. president abbas wrote an op-ed a few months ago in the new york times in which he spelled out that the goal or one of the goals of this declaration is to expand the ambit by which palestinians can make claims against israelis including in the international criminal court. one reason that israelis and particularly the israeli military fears what the palestinians are now doing is they fear that their generals and officers will find themselves being arrested when they set foot in germany, france, the uk, you name it because there is a particular lawsuit pending against them.
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it contributes to efforts to the palestinians to ostracize israel in the court of national opinion and international courts. >> i think that's going too far, brett. i think it is a dumb move but it's not purely an anti-israel move. it's an attempt to get something going off the dime. it's dumb and won't work, but the palestinians are facing a situation in which the israels haven't been forthcoming in doing anything to move the situation. they are more satisfied with the status quo. so how can everybody get the parties talking rather than doing stupid demonstrations acts that don't advance real negotiation. >> you're too kind to the palestinian leadership. there is no great demand on the part of the palestinian people that he go to new york. in fact, there are a lot of doubts amongst most palestinians. i think you have to ask why is president abbas doing this personally. what is it about him that needs him to do this? he is a decreasingly legitimate
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president. he keeps kick off elections. he has said he's going to retire. he is the man who lost gaza. this is about some symbolic victories for mahmoud abbas as an individual. it will hurt palestinians but it may help him in the history books. >> do you sense that you're seeing this stuff in london where the israeli orchestra was playing and there was an effort to delegitimize it. it contributes to the feeling. tom freeman said netanyahu can address congress and he'll get a standing ovation, but he would get it if he read the phone book. >> a captive assembly in congress, yes. >> the point was could he do it at any western university campus. >> no. >> there is a sense that israel is under seeiege. >> and it develops a bunker
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mentality. the tragedy is everyone knows what it should be at the end of the day. two states for two people but the local parties aren't willing to make the full compromise necessary and the united states is too self-absorbed or unable to move them forward. the situation persists and goes backward. it's just like watching a train wreck. >> in a sense what's happening is a symptom of the broader patterns of the middle east. the maneuvers at the u.n., the lack of progress toward any resolution. just tells you that this is a conflict in stasis. broad and important things are happening throughout the rest of the middle east. if i were the prime minister of israel the least of my concerns would be what happens at turtle bay in the next few days. my real concerns are the future of the relationship with egypt, particularly the matter of the sinai and the depressing turn of events with turkey.
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>> aren't they related? the turks and egyptians are responding -- the turkish and egyptian public that wants the governments to be anti-israel because of palestinians. >> that's part of it. part of it is that the delegit myzation is from turkish actions. all that was required was an apology for the murder of turkish citizens. activists, whatever on the boat. an apology. it may have prevented the burning of the embassy. an immediate policy for the deaths of five egyptian soldiers. that's all that was necessary. >> i think -- >> just to finish, the other thing is, yes, popular sovereignty is gaining ground in the middle east. turkey is now more democratic than it's been for a long time. egypt hopefully will be. that's something that if israel is wise they will come to terms with it. >> we'll come back in a moment. ♪
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and we are back with are a which i h shid khalidi and gideon rose talking about the middle east. elliot, we were talking about popular sovereignty and the
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middle east. i remember a piece in the weekly standard which said first tripoli and then ramala. you were castigating the obama administration for wanting democracy in every part of the arab world except the palestinian territories. i'm wondering, after you watch what the policy is, what a more egyptian policy, a new libyan foreign policy toward the united states and i know you can worry, maybe it's not such a good idea to have democracy in the palestinian territories. >> i think it is. it's the lack of legitimacy and democracy that leads someone like abbas to do something stupid in new york. he's better off holding an election. he was not forced to do this. i think the leadership question is critical here for turkey as well. this is why i disagree with rashid. i believe when everyone went to davos and for no reason at all
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attack attacked perez. the people of turkey are not demanding he impose a hugely anti-israel policy and threaten war in the mediterranean. he's leading turkey that way. that's not turkish democracy. >> i was there as well when he went back at 4:00 a.m. he had 100,000 people in the airport waiting to besiege him with cheers of joy. >> it works. he's an irresponsible and dangerous leader. that's the problem. >> when we don't like the outcomes it's demagogue and when we do it's democracy. no. >> the story in the new york times this week about libya. is this now something we are going to have to worry about? even says about them in egypt and libya, not a majority but probably the most organized force. are we likely to see a newer foreign policy? >> we are likely to see a new
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form of activism by islamists able to come above ground now that the regimes have disappeared. >> should we worry about it? >> we'll see how these people operate in the new hopefully more democratic political climate. >> we should worry about behavior, not the character or religion of the groups involved. the key is to set up clear red lines for what impermissible behavior, violence, suppression of minority rights locally. those are things we should make local parties pay penalties for, but other than that we should let the natural messy democratic politics play out while trying to do what we can to make it benign. >> it's interesting but in the near sacking of the iz embassy in cairo it wasn't the islamists involved. it was soccer hooligans who are of no particular religious description. but it does get at a real problem in egypt which is that you have a well organized
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islamist political movement, particularly muslim brotherhood and various other groups but you have a weakly organized incoherent secular movement. the group capable of deposing mubarak in tahrir square has no political agenda except for getting on the bandwagon of being part of the hate israel gang in egypt. that's a problem all of the countries will confront. as yeats said, the best lack all conviction. >> you don't kill five israeli soldiers and create the reaction you got. i'm sorry, five egyptian soldiers. >> before that israeli soldiers were killed in an attack -- >> i understand that. >> we'll come back to the issue with egypt. i heard a talk you gave about the arab spring and you were pessimistic. you spent 25 years promoting democracy from the reagan
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administration onwards. are you worried that -- you must be worried that in the arab world it's not working out. >> of course. we all have to worry as we watch islamist groups and other extremist groups come out and try to make their case. the anti-dote has to be democra democracy. it has to be to make the argument this is a dead end. this is wrong. this is not the kind of islam we want in this country whether it's egypt or libya. we found this out in the arab spring. suppression will not work forever. there's got to be an argument within the islamic world, particularly the arab world about what societies they want. it will be a bumpy ride. during this bumpy ride we have to do things like help protect our ally in israel from what may be the kind of thing we are seeing in turkey which is troublemaking. this is a reminder, not about
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palestine. egyptians have had several wars with israel. egyptians have had a negative view but nothing to do with palestine. the notion that if you improve conditions on the ground in the west bank, egyptians will say it's fine. this is a long difficult path ahead. >> you obviously disagree. you think attacking the palestinian issue will defuse some of the sentiment in the arab world. >> absolutely no question that in most countries, certainly in the arab world, israeli treatment of the palestinians, as it is seen on television and in the press and will be seen more as there is a freer press is a central issue. it's not hate israel. you kill egyptian soldiers and increase the things but there is a base level of concern. you can see it with the waving of palestinian flags in tahrir square and demonstrations all over the world during the gaza war and the lebanon war.
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her morning begins with arthritis pain. that's a coffee and two pills. the afternoon tour begins with more pain and more pills. the evening guests arrive. back to sore knees. back to more pills. the day is done but hang on... her doctor recommended aleve. just 2 pills can keep arthritis pain away all day with fewer pills than tylenol. this is lara who chose 2 aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. french president nicolas sarkozy and british prime minister david cameron traveled
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to libya this week to meet with the leaders of the national transitional council which brings me to our question of the week, the gps challenge which is -- before david cameron who was the last british prime minister to visit libya? a, almost gladstone in 1893, b, winston churchill in 1943, c, margaret thatcher in 1980 or, d, tony blair in 2004? stay tuned. we'll tell you the correct answer. make sure you go to cnn.com/gps to try your hand at the full gps challenge. while you're there check out our website, the global public square. it's terrific. you will find fresh content every day about the world we live in. don't forget. follow us on twitter and facebook. this week's book of the week may seem a bit of a departure for me. it is titled "a jane austen education: how six novels taught me about love, friendship and the things that really matter."
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this is a fascinating, beautifully written book that tells us what we can learn about real life from great literature. now for the last look. one of the recurring themes you may have noticed from watching gps is we often look at places where the united states has fallen behind. america's 15-year-olds are ranked 19th in science and 24th in math. we talk about ways to bring us back to number one. innovation, reform of governments, et cetera. well, there is a new survey out there that should put an extra spring in the step of all those americans who were getting depressed. it turns out we are back on top. we beat france. ♪ we beat italy. ♪ >> we beat spain. ♪ >> we beat brazil. ♪ >> so what's the category?
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the category is cool. social network bidou.com asked 13 countries what's the coolest nationality and we are number one. congrats, america. belgium, you were dead last. the correct answer to the gps challenge question was, d, tony blair went to libya in 2004 to make the deal in the desert with colonel gadhafi. go to our website for more gps challenge. don't forget, if you want to know how we are going to solve this jobs crisis don't miss the gps special, "restoring the american dream, getting back to work" tonight at 8:00 p.m. eastern and pacific on cnn. i'll talk to america's leaders about how to create jobs. thanks for being part of my program this week. see you next week. stay tuned for "reliable sources."