china is capitalizing. it is protecting its domestic industries, taking a more active role in the world trade organization, and finding its place in the global economy. china has kept moving, but the united states has not. america's approach to china remains the same. but united states continueso pursue the same dialogue. these dialogues have helped keep the u.s.-china economic relationship but discussions are merely a means to an end. dialogue alone is not a measurable results. we cannot rely on discussion alone. we've sought ambitious outcomes. we ended up with promises to keep talking. hearing what the treasury secretary put forth, the u.s. g.r. and commerce will play key roles in the success of the strategy. first the administration must devise a comprehensive administration-wide plan to improve u.s.-china economic relations. each agency must develop a strategy to develop its part of the administration-wide plan of the u.s.-china relationship. we need an administrative-wide single plan. we don't have on

in china. ted fishman is an author specializing on the chinese economy. he says by creating expensive exhibits, countries wishing to court china's strong export economy and huge consumer market have followed the long-standing tradition of bringing gifts and bowing to the emperor. why did countries feel like they had to be here? >> they had to be here both because china wants them here and if they're not here, it's an insult to china but they also feel they need to be here because they have an international demand. china is buying more of everything at every company in the expo . so you need to be there to show your own country that you're engaged in china, and you need to be there to show china that you're endpajed at the very highest level with the superpower has to come. >> reporter: the spokesperson for the expo said it's not just about trade relations. >> ( translated ): the expo will serve as an important platform for cultural change extinction, which help chinese gain a better understandi

views china as an enemy. so plug in this whole military and whole military aspect of all of this and what folks inside the government are saying. . they did not buy anything. nor have the internal, domestic disputes. the legislature could not agree on a spending bill. president bush had proposed in his first term. finally, they put a bill together. this package had been discussed nine years ago and was one of the movement grew. it was a massive sale. the chinese have responded very quickly. they want to bring pressure on the united states. host: do issues like taiwan or any other geopolitical issue in the world, whether it is iran or something like that, do they all come back to the trade issue? guest: in u.s. diplomacy, they try to keep them separated. we have some objections with china participating with iran. however, we want to get their cooperation on sanctions with iran, so we tried to do with these things in separate tracks. this compartmentalization is never perfect, but we have to look at the overall

and overseas, especially in china. >> a hundred million people in china are chronically infected.it's a huge burden of disease in china every two three minutes someone in china is dying from liver cancer caused by this virus which could be prevented by a vaccine. and still most people in the world are not vaccinated against it. it's just ridiculous. >> reporter: an effective vaccine for hepatitis-b has been available for almost 25 years. newborns need a vaccination within the first day of life to prevent transmission of the virus from their mother. two more doses are needed within the first six months for full immunity. and about half the babies in the u.s. do get vaccinated. but in many countries where hepatitis-b is endemic, like china, vaccination programs for infants are often spotty. and there are hundreds of millions of adults worldwide born before the vaccine was developed who are infected. a recent documentary highlighted a program in china's quinghai province aimed at vaccinated more of the population, a campaign inspired by dr. so. but one big hurdle in enacting reform i

ray adds more to his reporting on obesity in china. you can ask questions in our forum on the causes and implications of the problem worldwide. and on art beat, geoffrey brown interviews a guggenheim museum curator about the life and legacy of sculptor louise bourgeois who died yesterday. all that and more is on our website newshour.pbs.org. gwen? >> ifill: that's the news hour for tonight. i'm gwen ifill. >> lehrer: i'm jim lehrer. we'll see you online and again here tomorrow evening. thank you and good night. >> major funding for the pbs newshour has been provided by: chevron. this is the power of human energy. pacific life. the power to help you succeed. intel. sponsors of tomorrow. bnsf railway. and by the bill and me lined a gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers

china runs huge trade surpluses. that transfers jocks from the united states to china.it hurts our economic recovery. and it also means that china has to put a lot of money into the u.s. to finance the imbalance. that big in-flow of capital kept our monetary conditions easy, our interest rates down. that was a big factor leading to the over-borrowing and over-lending that produced the global crisis. so on both the trade side and the financial side these big global imbalances are poison. the administration here has wanted to get rid of them. the g-20, including the chinese, have said they would agree to do it, but there's been precious little action to achieve the desired outcome. >> suarez: just a couple of weeks ago an enormous american delegation including the secretary of state, the secretary of treasury, the chairman of the federal reserve, were all in china, pressing on this same issue, getting very little. why come back to it so soon? it's been on the burner for seven years. >> the chinese sent some very strong signals back in march and april that they were going

i am sympathetic to the fact that north korea is on china's border. the have a security interest in not having complete chaos or a collapse that could have a significant impact on them. i think the united states and the international community should be mindful of this is in china's backyard. when they adopt a policy of restraint, i understand their thinking. i think there is a difference between restrained and willful blindness to consistent problems. my hope is that the president will recognize that this is an example of going over the line that has to be spoken about seriously. otherwise, we will not be able to have serious negotiations with the north koreans. i think every participant in the talks would love nothing more than to see how these issues resolved diplomatically. in that, china and the united states and japan and south korea and russia all share a common interest. we would like to see a denuclearized a region. it would be good for the people of north korea. but, that is only going to happen if we are honest about what is taking place ri

china. the question is what kind.... >> warner: you mean the lines from afghanistan? >> yes. what kind of infrastructure are you going to get? is it going to be something that is heavily weighted towards chinese extraction of afghan minerals or are you going to have something that is more for western development? it will be interest. it's going to take a long time really to develop this. >> warner: also, would you agree that in the country with the level of corruption that afghanistan has , both official and businesswise, that this could be a two-edged sword. >> yeah, i mean, i think that's one of the things that the real problem here is can you develop... i mean, you've already got a country that's heavily corrupt. and so the question is can you develop this in a way that will provide stability or is it going to just turn it into another congo or nigeria where you've got natural resource industries that just weigh down the country deeply in corruption. >> warner: and just make the elites mo

as china continues to go.hina as a global power, all those things makes sense to me. one doesn't make sense to me is the fact they won't engage in the military won't engage. scaap once again, thank you for a much for the service to the nation. and we look forward to working with you in the coming months as we continue our review of the budget. and as you conduct your internal analysis of the military requirements, i would like to encourage you to share them with us so that we can be in step with you as we begin the work for the following year. we are having a few problems i think we can resolve them. i hope so. the subcommittee will reconvenes of de dee dee to wednesday at 2:30 to hear testimony from the >> until then we stand in recess. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] x cspan was created for you as a public service by america's cable companies. next up is "washington journal." senator patrick leahy discusses the upcoming supreme

caller: you mentioned cleaning up the agent orange, but what about china? if it was not for china, we would not have to use chemical weapons to find the enemy. guest: it is complicated. go back to the history of the vietnam war, the role of the soviet union. soviet union was the greatest allies of the vietnamese. after our involvement in the vietnam war ended, vietnam went to war against china. we have complicated historical strands rolling through that. your point is a good one. why doesn't the international community stand up as well? they have. we have got contributions from foundations around the world, as well as some governments, because i think everyone wants to put in a little bit of effort to say this is an art interest for our security to have good relations with vietnam, and this is a way we are as a people. we believe in alues in cleaning up our mess. that has always been the strands of american foreign policy, which is we act based on strategic interests and moral values. this happens to coincide with both. host: the next and call comes from te

china's economy is growing so rapidly and in such demand for electricity that they are putting a lot of money into all kinds of energy, including some not so clean sources. this is a big issue in how you fit the united states and its climate policy into an international climate agreement, given that countries like china and india are expanding and industrializing as rapidly as they are. if they use a lot of or rely heavily on fossil fuels, that will produce a lot of carbon dioxide. the republicans that oppose some of the climate proposals in the u.s. are quick to point out that the increase that comes from developing countries and the reduction achieved here -- unless there is an international that has them leaning towards a cleaner development process. they are looking and not at wind and solar -- a lot at wind and solar. host: independent line, illinois. caller: i have heard a good idea epoch solar roadways dot com. i have seen other innovative ideas that are not getting any play at all. how much do you think the current energy industry is going to drive the direction we go? are we

>> i just came back from china.i attended the strategic and economic dialogue which is both strategic and has a bearing on state department-type issues and economic, fed-type issues. i am one of the few people, perhaps the only person on the american side, who has been to all of them because they were founded by secretary paulson in the previous administration. it continued with modifications into the current administration. it is a meeting of essentially the entire cabinet of the united states plus the fed chairman and others with their counterparts in china. what i felt was the genius of this meeting is that it recognizes the wide range of issues in which the u.s. and china have common interests and concerns. when we go, we don't just talk about exchange rates and some things that have been a troubling part of our relationship, we talk about ways where we can cooperate on energy the says, and many other -- on visas and many other issues. the fact is, we need us -- a fact is, they need us and we need them. these ar

china. they own 11% of our debt. japan runs 9.7. a group of oil exporters, 2.8, and all the other countries combined owned 18. when you see is growth. the dollar was not always the low currency. -- the world currency. prior to world war ii, the pound was world currency. there is a lot of reasons why the pound switch to the dollar. there's also a story right after world war ii. they would send a lot of money on the war. who do they come to for their loan? who are their best friends during the war? america. they asked for $5 billion. we told them known. we went-and said, is 2% interest. there are a lot of concerns syria there are other factors, but when you are in that situation, you have to except other terms. why would we ever put ourselves in a position to except terms we do not want to except? when you start to get to a point where more than 50% of the debt is owned by a country, they are going to have a say whether we want it or not. this is obama's budget because he is the president and

we have made china the powerhouse of the world. i guess the greatest cosmic joke for those of us living in texas is that our border patrol uniforms are made in mexico. guest: certainly, i think the concern about what has been the net impact of trade agreements is a valuable. if you look at the average over the past three years with the 14 partnership mentioned, we have had a deficit with those countries. . . . guest: if the trade deficit -- the trade balances with the trade agreement partners have actually been improved. when we signed a trade agreement, those barriers go to zero. it gives us a level playing field that the politicians say they want. i say we should pass the trade agreements on the shelf with panama, colombia, and south korea, and we should negotiate more. the is -- these have been good for american workers and consumers. host: pot took represents global trade watch -- the watch todd tucker represents a global trade watch. daniel griswold is also a specialist on this topic cou. caller: mr. griswold, you mentioned ph

-- equalization of the united states and china. china will turn into a super state and the second pole and the new center of power. as to the space activity, i should mention energy transfer from space does occur. creation of the system of protection is there from an asteroid damage establish the international space agency development of international space block band soon -- and it will be soon there will be a main principle that earth divides states and nations. space unites them. next decade, the situation is the same. two poles, two centers of power. next, this decade, in this decade, first expedition to mars will be carried out. the new space will be cleared away with space garbage vehicle. next decade, station equipped with solar batteries between earth and moon will be established. first lunar hotel on the moon for the space tourist. first manned lightcraft. the mosttsignificant achievement of this decade will be creation of international solar manned station in orbit. now, we are almost at the end of the 21st century. by th

. >> they get the respect that they believe they deserve more in russia, syria, iran, in china. and therefore, they are looking for alternatives, and they are not willing to put all their eggs into the western basket. >> woodruff: ray suarez gets a rundown of day one of soccer's world cup from sports writers christine brennan and david hirshey. >> they call it the beautiful game and i think that if you just sit down and pay attention to it you really understand the skill level and appreciate that. it really is a beautiful game is . >> an mark >> lehrer: and mark shields and david brooks offer their weekly analysis. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the numbers out of the gulf of mexico painted an even darker picture of the oil disaster today. and they raised new questions about how l

china, 76%. united states, 76%. then it works its way down all the way to turkey, 9%, just below egypt, 15%, and argentina, 16%. toledo, ohio, on our line for independents. welcome. caller: i notice that that can be with the late 1960's. i was living in germany for about three years, and some of the things that were going on in the united states -- the french, the germans, and the u.k. residents seem to have a greater knowledge of what was happening in our country than our own military. i know that today, that has changed with all of the new media that we have, but do you find that perhaps some of the negativity that comes from our own political infighting has any type of influence on how people around the world think about our country? in particular, i'm thinking about things like what congressman joe wilson said to the president during his state of the union address and things like that. host: richard wike of the pew global attitudes project. >> that is not something we're necessarily look at in our survey, divisi

number one, china has determined that it is in its own interests, its own sovereign interests, to move back towards a path of flexible exchange rates. we think that is a very positive thing. we think, in part, it is a positive thing because an undervalued renminbi has given china a significant trading advantage, and we have been very clear to them that we do not consider that acceptable or consistent with the principles with balanced growth that was discussed in pittsburgh that all of the g-20 nations signed on to, so we're pleased that they made this first step, but i think like a number of other countries, the proof in the pudding is going to be in the eating. we did not expect a 20% revaluation in one week that would be disruptive to the chinese economy and the world economy. we do expect that as more and more forces come to bear, given the enormous surpluses that china has accumulated, the renminbi is going to go up, and it is going to go up significantly, so we are going to be paying attention over the next several months to make that determination. now, i do not have the perfect

i think tt is what israel is doing and that is what china's doing. when i first s this in the context of china and they were stimulating their economy and doing everything they could to get continued vestme in industry in china, they are worried that by pressurizing the whole system with money thatt would pop out as a housing bubble, so what they did-- you can clearly seethat china is beg run by engineers. actually if you look at the cv's of everyone in chi, we are going to pressrize the system. we don't wt it to come out of the housing bubble so we are going reinforce housing by turning up the mortgage origination standards which is also what israel has been doing. i am very interesting and what the results will be in those markets, because among other things that will be a calibration sample we will see what is the effect of a 10% change besideshe political uproar. maybe it will have whatwill be a faly predictable effects on bothrices and volume in the real estate rking could be very valuable. >> we are still a long way from th50% down paymentof 19

china does not agree with the non-proliferation agreement in space. what is your position with regard to a draft if we need

trade with china. because i'm tired of seeing millions of american jobs lost to china because of blatantly unfair trade practices. china's playing us for fools regarding the government procurement agreement, the g.p.a. upon joining w.t.o. in 2001 china said it would sign the g.p.a. as soon as possible. nine years later it still hasn't happened. since that time we have lost 2.4 million american jobs. 68,000 in michigan. 4,700 jobs in my district alone due to china's unfair trade. it's time that we get tough. we need to show china that we are willing to be strong until they open their procurement markets to us. i have introduced h.r. 5312 as a way of addressing the issue. to limit the amount of u.s. government procurement of chinese goods to the amount of american goods purchased by the chinese government. mr. schauer: how about fairness for a change. how about no more u.s. census materials paid for by our tax dollars made by chinese workers. please join me in protecting american jobs. i yield back. the

>> you just came back from china. >> i just came back from china.attended what is now called the strategic and economic dialogue, which is strategic -- i am perhaps the only american person on the american side to have been to all of them. this meeting was created by secretary paulson and the previous administration and has just continued into the current administration with some modifications. essentially, the entire cabinet of the united states, plus the fed chairman and others in china is that this media recognizes the wide differences when we talk about comments and concerns. we do not just talk about the troubling part of our relationship, but about the ways that we can cooperate on energy, investment, trade, visas and other issues both on the economic and strategic side. the fact is that they need us and we need them. the chinese are the largest developing and largest developed economies in the world. we enjoyed working with each other. one of the benefits of these -- of this working together is having a relationship with people so that you ca

they said everything over to china. these are the kind of people that we should try to get together and make them do something for this country. i am at a point where if they ever take attention away from me, i have no alternative. i think you for listening to me. i am very disgusted with the way that things are. i did not vote for obama. i think the people should back him so he can try to get this country straightened out. he is not the one who put us into the war. it was george bush that put us afghanistan. now he gets the blame. host: thhnk you. guest: the good thing is that his pension promises is an obligation of the federal government. the united states treasury and all taxpayers collectively, and no one has suggested that pensions be taken away from military personnel. my father is a military veteran as well. he gets a pension from the federal government. no one suggests there is a risk to this pension promises. the good news is americans are living longer. host: because we are living longer, we are draining the

china produces a lot of those things. our biggest economic threat is how we are going to compete with china in this new world of energy development. whatever we do on this legislation -- obvious they, i have a focus on alaska -- but what are we going to do to make sure the work force is there and ready? in alaska, we have one of the largest when the power to diesel energy programs in the country, but that program is not nationwide because we do not have the workers. if we do this right, we can build a new generation of employment, a new economy that will be part of this growing energy sector, and the united states should be at the top of that industry. we need to put people back to work in these factories and give them a new approach for how we deal with the new energy economy. host: greg on the democratic line. arizona. caller: this is elisabeth from california. i am disappointed in hearing that mr. begich does not support the president and the moratorium. that is very sad. you are saying the same thing that we have been

>> i just came back from china.'ve attended the strategic and economic dialogue, which bears on the state department issues and economic, the treasury, fed- type issues. and perhaps the only person on the american side who had been to all of them because there were founded -- this basic meeting was created by secretary paulson in the previous administration, and it continues with modifications into the current administration. this is a meeting of essentially the entire cabinet of the united states, plus the fed chairman and others come up with their counterparts in china. felt was the genius of that, of this meeting is that it recognizes the wide range of issues in which the united states has common issues and concerns with china. we do not just talk about exchange rates and some of the things that have been such a troubling part of our relationship. we talk about ways in which we can cooperate on energy and investment and trade, on pieces -- visas, many issues on the economic and strategic side. they need us and we

china is on the move. that is a positive thing. that should not be a threat to anybody. but what we want to make sure of though is that through dialogue, through forums like the g-20 are asean or apec or some of the other things we have set up, all countries are meeting their responsibilities even as their rights are also being recognized, and i think if we adhere to that basic principle, then a strong u.s.-japan alliance is something that can continue to be a cornerstone of a peaceful and prosperous asia, which will benefit all people. dan, from cnn. >> thank you, mr. president. just to follow up on jackie's question, you talked about being in afghanistan for some time to come, but given the challenge is there and the history in afghanistan, what makes you think that after declaring victory in afghanistan, it will not slide back into becoming a haven for terrorists? >> well, i do not have a crystal ball. right now, the debate surrounding afghanistan is that either we get up and leave, immediately, because there is no chance of a positive outcome, or we stay basically in

i wonder what changed. >> again, as to the basis of china's decision, china can explain that.s to our -- the impact that that may have in terms of military-to-military engagement, obviously something we do support, i'll let the pentagon talk about that. >> but do you think -- >> can i go to the un issue? >> okay, i'll come -- go ahead. >> do you think it's going to impact the two sides' relationship, especially consider the fact the two sides' relationship's gotten better in a couple -- past few months? >> okay. try me again? >> i said, do you think the postponement will influence the relationship between u.s. and china, especially consider the fact the relationship's gotten better in the past few months? >> i mean, i think we value the current state of the relationship. the s&ed was wide-ranging. there were a number of cabinet officials there. we certainly see the value in having our secretary of defense talk to his counterparts in china. we have vitally important regional security issues to discuss, not the least of which is the current situation with respect [inaudible] sin

i wonder what changed. >> again, as to the basis of china's decision, china can explain that. as to our -- the impact that that may have in terms of military-to-military engagement, obviously something we do support, i'll let the pentagon talk about that. >> but do you think -- >> can i go to the un issue? >> okay, i'll come -- go ahead. >> do you think it's going to impact the two sides' relationship, especially consider the fact the two sides' relationship's gotten better in a couple -- past few months? >> okay. try me again? >> i said, do you think the postponement will influence the relationship between u.s. and china, especially consider the fact the relationship's gotten better in the past few months? >> i mean, i think we value the current state of the relationship. the s&ed was wide-ranging. there were a number of cabinet officials there. we certainly see the value in having our secretary of defense talk to his counterparts in china. we have vitally important regional security issues to discuss, not the least of which is the current situation with respect [inaudible] s

i wondered what happened. >> as to the basis of china's decision, china can explain that. as to the impact that that may have in terms of military to military engagement, obviously something we do support, i will let the pentagon talk about ok, i'll come back. >> de think it is going to impact the two sides relationship, especially considering the fact that the two sides relationship has gone better in the past few months? do you think the postponement will influence the relationship between u.s. and china, especially considering the fact that the relationship has gotten better? >> i think we value the current state of the relationship. there were a number of cabinet officials at the discussion. we certainly see the value in havvng our secretary of defense paul to his counterparts in china. -- a halt to his counterparts in china. we have vitally important regional here security issues to discuss, not the least of which is the current situation with respect to the sinking of the cheonan. as to the reasons why china thought that this was not the best time to have this meetin

there were the first to go to china when president nixon opened -- they were the first to go to chinawhen president nixon opened the and doors. mr. mansfield had been in china and many years before in his life. >> he served for 16 years as majority leader. >> blooger than any senator house -- longer than any senator has. >> did you work very closely with him? >> i worked very closely with him for years. i was the majority whip for six years and i worked right at his elbow. and i spent as much time on the floor as when i spent a and -- as i spend when i became majority leader. i did practically all of the field work for mr. mansfield. >> what is this picture? >> that is a picture that was taken at a time when we were meeting with mr. nixon. not in the white house, but in the old executive office building. i forget where we were discussing at that time, but as you can see, my hair was not as great a this now. it was black. jerry ford, he was at that time in the house. and you can see scarlett, who was the month -- see scott, who was the minority leader of the time. >> what do you rememb

as you know, china has been a powerful driver of global growth. if china's going to slow down there are a lot of questions about the potential for global growth so the shanghai markets sold off. european markets followed. then the u.s. markets followed because of that consumer confidence report that came out showing a big drop in consumer confidence. guess what the big worry is there? jobs. everybody is worried about the outlook for the job market. >> sreenivasan: is that consumer confidence number reflective of what's been happening to the overall market. it's been six months and down about 12%. a lot of times the market seems to be going side ways. >> if your house is worth less and the prices are down your stock portfolio is less your confidence about growth in the future becomes, you know, worrisome. the big question now is will i be able to get a job? will i be able to keep my job? there's an important jobs report coming out this friday. it's expected to show that the economy lost jobs in june. this will be the first time for this year. that'

and even in china we were on 34 times in china . >> reporter: with a t.v. audience in china of 100 million a game. restaurant owner terry tarantino recalls his travels to turkey eight years ago. >> no one knew where cleveland was. they knew it was maybe close to new york, is it close to chicago now lebron james gets on the team, "where you from?" "i'm from cleveland, you ever here of cleveland?" "come on, man, i know cleveland. lebron james." >> reporter: prelebron, the cavs sold less than 12,000 seats a night. now almost double that. throw in the extras you buy when you spend hours at the arena, the now-soaring t.v. revenues, suites for the high rollers. and how much if my company buys one of these for a year? >> between $300 and $400,000 a year. >> reporter: it makes james worth for more than the $16 million a year the cavs pay him and even more still to cleveland, ohio. >> lebron brings a different crowd down here, a good crowd. >> reporter: good? >> a good spending crowd. >> reporter: doug petkovic co-owns upscale lola, a minute from the cavs arena on a

i think china will wrangle us a little bit.think we'll be pushed to go, which is what the caller is saying. that we're being pushed out of our complacency. host: new york, our last phone call for deborah gordon. caller: hi there. i'm a little frustrated, too, about where we go with our alternative fuels. the one thing nobody ever looks at is hemp. it can be used for a number of different reasons, especially as a biofuel. they made a mercedes i think in 1980's that could drive -- around 50 cities in north america, powered solely by 600 gallons of hemp biodiesel. why aren't we ever talking about hemp as a alternative fuel. it's not marijuana, so i don't understand why we never go there. guest: i think biofuels, there are so many options for biofuels. i don't think it's a silver bullet, but i think it's a great transition fume because it's liquid. and that's the system that we're on now so we should look at all different options for biofuels. but we really also need to look at the consequences of biofuels. there were issues about

is important not to single out china. -- it is important not to single out china. this happened with all the global-china phenomenon. we looked at that as an opportunity to take the media interest and have a global conversation. we don't have a policy toward one country or another. we have a global internet policy. we support efforts to get around politically motivated censorshhp globally. these are not country-specific. when the media was upset with the issue of google and china, it provided -- provided an issue to talk about the girl in saudi arabia by her father in an honor killing. was an opportunity to talk about activists around the world who are facing harsh critique or repercussions because they are speaking their mind. we have to remember that it is broader than one country or one company. >> i am with freedom house. you mentioned earlier that according to the government getting different actors together, what are your thoughts on the roleeof the government to make sure there will be a framework for creating technology that will not get abused in the futur

we have made china the powerhouse of the world. i guess the greatest cosmic joke for those of us livingn texas ithat or border patrol uniforms are made in mexico. guest: certainly, i think the coern about what has been the net impact oade agreements is a valuable. if you look at the averagever the past three years with the 14 partnership mentioned, we have had a deficit with those countries. . they have not come true. guest: i think it is a mistake to focus on trade deficits as a scorecard for international trade. wheat benefit from imports. we should not apologize for imports. they're good for consumers. they make sure we have lower prices and more variety. if you look at their 14 free trade partners we actually, i believe, according to the national association of manufacturers run a manufacturing surplus with those countries. our trade balances with the 14 trade agreement partners have actually been improving. most countries have had your trade barriers against the exports, and we have against their imports. they give us a level

we, the foreign ministers of china, france, germany, russia, the united kingdom and the united stateswould like to take this opportunity to reaffirm our determination and commitment to seek the early negotiated solution to the iranian nucle the adoption of the united nations security council resolution 1929 while reflecting the international community concern about the iranian nuclear program and reconfirm and the need for ira to comply with the u.n. security council and iaea board of governor requirement keeps the door open for continued engagement with iran. the aim of our efforts is to achieve a comprehensive and long-term settlement which would restore international confidence in the peaceful nure of iran's nuclear program. while respecting iran's legitimate rights to the peaceful use of atomic energy. we are resolute in continuing our work for this purpose. we also welcomand commend all diplomatic efforts in this regard. especially those recently made by brazil and turkey on the specic issue of the tehran research reactor. we reaffirm our june, 20 proposals which remain valid as

we sell a lot to the far east, china, and europe. china and japan keep buying. we are in good shape. if iraq remains in the dump, we are not. there is a slow recovery going on. we do not know whether the sovereign debt issues overseas and the problems on the new york stock exchange will cause psychological damage to investors. we are waiting and hoping that things settle out and the economy comes back and we can get back to sufficient revenues to run the state. we have huge budget calls to deal with in the next two years. >> the next question is the biography question. you came to this job from legislator.as a state i wonder how the responsibilities transfer. what does having the legislative experience do for your perspective as a regulator? >> first of all, all processes are give and take. regulation is not a science. it is an art. there is a range of outcomes that could be right when you the methodology can be humane. court's judgment on final results. in the legislative process, they delegate their authority to set rates on the monopolies they granted. we are

china is imposing tariffs of up to 30% on some green goods. this is flagrant protectionism, flagrant protectionism. and i want to see the administration more aggressively get those barriers visible. the public needs to know about it and put the bully pulpit on getting them change. i just look at these negotiations, and secretary geithner said here you all are they think a week or soago, who u.s. him about indigenous-- he said there were various agreements being discussed but the highlight was essentially china was going to move into the world procurement effort as part of the negotiations, and i said, what an exple of slow walking. they promise that 10 years ago, and yet his seretary ts at the witness table and says that is what we are looking forward to. they are joined to-- going to join the world procurement. we need to have a much more aggressive effort, egg knowledge with secretary locke has said about examples of one sort or another but what is indisputable is we are falling further behing tariffs up to 30% onome green goods, i want, as

we do not want to move jobs overseas to china or india or europe. i believe in protecting a woman's right to choose. i do not believe in protecting oil companies. i believe in making our streets safer and keeping guns out of the hands cut criminals and terrorists. i need you by my side to join my campaign and take a stand. i am askinggyou tooget involved now, because this is your election. thank you, and i look forward to seeing you on the campaign trail. >> with support from the tea party, sharon angle when the primary on tuesday. she will now face harry reid in the general election. >> thank you all, nev. patriot. we have completed the first step in taking back our senate seat. [applause] i want to say thank you too many people, but first of all i want to say thank you to god. this is an amazing -- [applause] >> amazing campaign. and my family, my daughter and my son, my daughter-in-law and my son in law. they are here tonight. thank you to the legion of3 thank you to a wonderful team of cracked campaigners -- crack pampaigners. this campaign is a

quick question on china. notwithstanding words of introduction, we know the g-20 wanted to formally welcome china's currency move. that line was dropped because beijing said that one policy was not sovereign. how do you square china saying no, you can't do this, with the idea of the g-20, which is supposed the premier forum? >> well, generally speaking, it's quite frequent in declarations that countries don't want to be singled out. the declaration has an important commitment to greater exchange rate flexibility going forward. and as we know, the chinese specific have the made that commitment to the world coming into and out of this summit. and i'm confident that the chinese will fulfill that commitment, and as we all know, when you make commitments like this on the world stage, you will be held accountable for them. >> thank you very much, everyone. >> thanks. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> is the internet and information se

a lot of attention has shifted to china. there is some growing concern i've seen recently among u.s. businesses about how china a is doing things with their currency and some recent move to sort of encourage the development of chinese industry, potentially at the expense of foreign industry. i mean, manufacturing in the united states has picked up in recent months. it was hurt very much in the recession. you have seen some improvement in autos and steel production. but it's a good question. i think some people in the aftermath of the recession are looking more at the idea of making sure that we are producing here in the united states. there is a goal on the part of the obama administration to double exports in the next five years. that's going to be a very hard target. but if we were able to do thaa that might go some way to restoring production in the united states. host: you said aftermath of the recession. is there another dip in the recession or double dip? what's the reality? guest: well, the reality is it's a real conc

and, china announced a strong increase in exports. in response, the dow jones industrial average gained 273 points to close at 10,172. the nasdaq rose nearly 60 points to close above 2,218. the securities and exchange commission also installed new "circuit breaker" rules. they're supposed to prevent a repeat of last month's "flash crash" of 1,000 points in half some of the nation's military dead may have been misplaced or misidentified at arlington national cemetery outside washington. the u.s. army acknowledged the problem today. funerals at arlington national cemetery are mark bid somber ceremony and meticulous care. but the paerpl inspector general's report today found at least 211 sets of remains have been misidentified or unaccounted for out of the 300,000 grave sites. in. >> in some, they found arlington's mission hampered by dysfunctional management, lack of established policy and procedures and on overall unhealthy organizational climate >> reporter: army secretary john mchugh says there's no way to explain sloppy recordkeepin

we should spend on high-speed rail like china.enger rail system is kind of a joke compared to the rest of the world. we have bridges better on say if all over the country. our infrastructure needs our way into the trillions. we have 2 million construction workers unemployed and we should be putting them back to work. host: i hate to stun him on his birthday. democrats' line, welcome to "washington journal" caller: welcome to your guests and happy birthday to one of them parabola. i was listening to both of them talk and they seem to have more intelligence about this than anybody in washington, d.c. including our president who is very bright. isn't this about two different economic policies, they won with the triple down and the other with the democratic view? didn't this start with ronald reagan? didn't he say for us not to have any restraint on business but with the restraint on the people, i.e. a person going fishing in the gulf of mexico could only catch so many fish. that is what i mean by the different economic models when th