we're the number 1 exporting state in the nation. we have a balanced budgetto boot. [applause] let me tell you -- that is what happens when conservative leadership that is willing to take a beating from the liberal left and their friends in. the media we happen to be a bunch of happy warriors working together and sticking to our guns and those conservative values. [applause] i have distilled my economic agenda down into what i consider to be some pretty simple guiding principles. number one is don't spend all the money. [applause] #two is keep the taxes low and under. control [applause] 3 is have regulations that are fair and predictable so business owners know what to expect from one quarter to the next. [applause] #four, reform the legal system so that frivolous lawsuits don't paralyze employers that are trying to create real wealth. [applause] that is what we have done. over the last 10 years, we have followed that simple recipe. we have stopped lawsuit abuse. we have one of the lowest tax burdens in the nation. our per capita debt is limited. we keep adding jobs

, in the exporting states for manufacturing and agriculture products. so i would encourage the administration to immediately send out those trade agreements. doing so would immediately put people back to work and provide a much-needed boost to our economy. and i think all the women that are here today -- i thank all the women that are here today and i thank you for doing this and giving us the opportunity. i yield back. mrs. mcmorris rodgers: great point. next i'd like to yield to the first woman from alabama. mrs. roby: thank you so much and to the gentlelady from washington, i appreciate so much the opportunity, what an honor and privilege to serve with each and every one of you and be here on the floor tonight to just share with americans about who we are and what we stand for and why we're here. and the question that i'm most often asked in the district and certainly here is why in the world would a 34-year-old woman with a 6 nrled and a 2-year-old run for congress -- a 6-year-old and a 2-year-old run for congress? i will tell that you margaret and

and he noted as well that it will result in over $10 billion in increased annual exports for the united statese stated the panama agreement will provide access to one of the fastest-growing markets in south america. in speaking on all three pending trade agreements, only two weeks ago, ambassador kirk said that the pending agreements with south korea, panama, and colombia are at the forefront of our efforts to open new markets. secretary of commerce gary locke in april emphasized the need to pass the u.s. trade promotion agreement through congress as soon as possible. he also said that the administration feels similar urgency to get the pending panama and colombia trade deals done. he noted that all three pending trade agreements will move us even closer to president obama's national export initiative goal of doubling american exports by 2015. secretary of agriculture tom vilsack has spoken on behalf of the administration in favor of our pending trade agreements with colombia, panama and south korea. on may 12, he stated the paramount reason to implement these three pending trade agreements is

an economic research group says the state's export grew 14.4% in april compared to the same month last growth is expected to slow in the second half of this year. >>> a new report says that recent college graduates are struggling to finds jobs but the numbers show they are still better than many other americans looking for work. >> at the moment i'm a dog walker. on my spare time i'm looking for a full time position. >> her career prospects are not what she had hoped they'd be. during their four years in school, the unemployment rate nearly doubled. the report from the brookens institute shows they will make $86 less per week than people who graduated before the recession. >> the last person i know who graduated into such tough job markets is my grandfather who's 95. >> but the brookens student says today's college grads are making double what the typical high school graduate is making. and because they have a college degree they are much more likely to land a job compared to those with just a high school education. >>> coming up in just 90 seconds -- >> reporter: the changes san jose

the key for the state in developing more jobs to see those exports grow. reportedly after another company. they are going to spend about $400 million on a new york- based firm called add meld. it focused on an area where it looks for low prices for publishers to sell their ads over the various ad networks. google doesn't have any exposure in that area so it will look lick get a lot of scrutiny from federal regulators. last year it bought ad mob for $750 million but that focused on mobile advertising which was still in the early stages and google was able to get through on that deal. wall street broke a six-section losing skid yesterday, not looking good heading into the weekend. some slowing growth being reported in china and in the uk. that's influencing the markets early on and it's not looking pretty. right now the dow is lower by 73 points. nasdaq down by 10. s&p off by 7. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. have a good weekend. >> reporter: you, too. >>> a busy week in politics, tough talk by the "weiner-gate" -- topped off by

. >> flun >> none of the vegetables are exported to the united states? >> no, none were exported to the united states. >> a couple of people have been hospitalized when they went back to the u.s. it is something to be aware of and be careful. >> absolutely. zain verjee, live from london. thank you. mitt romney is about to declare he is running for president. no surprise there. he has all that name recognition, a war chest full of money. why isn't mitt romney a bigger hit among the gop. >>> the man at the center of the missing balloon boy hoax is selling the ufolike kraft to help tsunami victims. really? we will have that story ahead. >>> in just about three hours, mitt romney will make it official and enter the race for president. he is the front-runner. most republicans have a positive reaction to him but despite his numbers and his name recognition, his campaign money and his business background, romney seems to have an enthusiasm problem. >> i don't know him at all. he seems not to resonate. i was beating everybody, including him. it is an interesting

exports. countries like the united states pay the prize. what they have talked about is what they can do to rebalance. how can we get lower consumption and more exports to the united states? >> ac also talking diverted say they need to get more? >> there is the question that it is part of the dialogue. they are making sure there is stability. i think obama is concerned about two things. the growth back to europe as a whole and make sure there is not a run on the euro. they almost broke the global economy. >> you are on the air. >> how does this affect foreign currencies in the mid east? as far as making their currencies stronger and more stable? >> are you referring to the euro? >> the middle east currency itself. if you look at the kuwaiti dollar, how that revalued, did that make their economies strong third? >> to the best of my knowledge, many of the economy's are pegged to the dollar or external ones. one of the issues people are watching carefully as the year rose stabilizes is will the dollar knock this off? i think most people believe

states. the majority of export go to the united states. >> so i think what you are hearing from us as we want to see some sanctions that is not the oil industry in venezuela. and it's not an industry. it's chavez. right now all of that oil oil refunding ability to continue to sponsor terror. and i think it can apply to of us are wondering -- and this is obviously a bipartisan issue. i mean, everybody's talking about the same thing. why are we putting the sanctions ip-based, especially when the state department, the secretary with the signature of her pen can allow the keystone xl pipeline to move forward, which then we wouldn't need to buy the oil from venezuela. and if we don't buy the oil from venezuela, he cannot continue to sponsor terror. so it seems pretty simple. maybe you can explain why it's not that simple. >> i would hesitate to ever tell the congressman that it wasn't that >> i would hesitate to ever tell the congressman that it wasn't that >> i would hesitate to ever tell the congressman that it wasn't that >> go for it. >> in fact, i fully appreciate your argument about energy p

west us foresees forty six million dollars twenty eleven military sales so that huge i did states palencia export forty six point one billion in weapons osier which is double what they export in two thousand and ten now part of the reason is that all of these nato bombing campaigns well it's apparently depleting the weapons ammunition and the resources of all their allies so the allies have to come to the united states to replenish their stocks which is a good racket for the u.s. use only a razor and they buy the blades it's own the resort a loss but you make it up on its own the blades the u.s. is made of all the stuff the bomb people with the run of the. bombs going to bomb or bombs it's a brilliant story it's a brilliant business if you're a genocidal maniac and then another headline along this racket the times square racket of shaking down people around the world how this pathetic empire is collapsing in a pure coincidence gadhafi m p to us oil interests before the war so this is glenn greenwald and he's talking about wiki leaks documents which show that the opening of libya thanks to j.p. mo

opportunity for folks in developing countries to expand their operations and allow the united states to continue export and continue to look at ways where we can produce other kinds of products with crops in addition to food. >> you spoke several times about government initiatives to boost agriculture especially in africa. pledges can be notoriously lacking from some countries especially in an environment of budget cutting. how much can government be expected to accomplish in the fight against food insecurity. ? >> the g-20 has made quite a significant contribution. we have made good on roughly $2.5 billion of $3.5 billion commitment. we will see additional commitments in the next fiscal year. this is an opportunity to focus on the difference between reducing budgets in order to get control of the deficit circumstance and recognizing that additional strategy is growing the economy and investing in the future. there has to be balanced. there are opportunities here for us to develop strong relationships with other countries and create stronger middle-class and other countries which creates demand for pro

states. the majority of export go to the united states. >> so i think what you are hearing from us as we wantto see some sanctions that is not the oil industry in venezuela. and it's not an industry. it's chavez. right now all of that oil oil refunding ability to continue to sponsor terror. and i think it can apply to of us are wondering -- and this is obviously a bipartisan issue. i mean, everybody's talking about the same thing. why are we putting the sanctions ip-based, especially when the state department, the secretary with the signature of her pen can allow the keystone xl pipeline to move forward, which then we wouldn't need to buy the oil from venezuela. and if we don't buy the oil from venezuela, he cannot continue to sponsor terror. so it seems pretty simple. maybe you can explain why it's not that simple. >> i would hesitate to ever tell the congressman that it wasn't that >> i would hesitate to ever tell the congressman that it wasn't that >> i would hesitate to ever tell the congressman that it wasn't that >> go for it. >> in fact, i fully appreciate your argument about energy pr

states. the majority of exports go to the united states. >> i think what you are hearing from us is we want some sanctions that affect the oil industry in venezuela. let's not -- it is not an industry. it is hugo chavez. all of that oil we are funding his ability to continue to sponsor terror and i think a lot of us are wondering -- this is a bipartisan issue. everyone is talking about the same thing. why aren't we putting these on especially when the state department, the secretary would it be side with the signature of a pan can allow the keystone -- can allow the pipeline to go through which would provide the oil from venezuela and if we don't he cannot continue to sponsor terror. it seems pretty simple. explain why it is not that simple. >> i would hesitate to say it was not that simple. >> i fully appreciate your argument about alternate energy sources. the project will take ten years to come on line. >> we get that argument of a time. there has been study after study. all the time the study comes back in a positive way but the environmentalists whip it up again. we are going to continue to

a minute about why do we have this deficit in two thousand and eight i was the united states national champion export of the year i do business in more than one hundred countries the problem is that we don't have access to foreign markets in the same way that these manufacturers have access to our market right because we have brought into the insanity of life we're in trailing to them the things that we could be selling them the united states is a duty free market place in i think we need to understand that is that we need the same access to foreign markets as they have to our market yeah well. neal i'm i'm with you on that and and here's here's my concern is that this whole religion of free trade we used to have this idea and every country in the world pretty much did of a membrane around the country an economic membrane that we would do what was economically best for us other countries would do is economically best for them and henry the seventh in the in the in the fifteen hundreds came with a tutor plan alexander hamilton imitated that in seven hundred ninety one with his report on manufacturers

and the state of california maintains its leading position in exports to china. in the fourth quarter of last year, california exported x 0.8 billion u.s. dollars to china, which is 28% more than the same period of last year. 35% is from the bay area. the year 2010 is also a very remarkable in the relationship between china and san francisco. last year, shanghai and san francisco celebrated the city's anniversary of the sister city relationship. three mayors of this city led a large delegation to shanghai and inaugurated the grand opening of the san francisco post at the world expo. they open their second office in beijing. last year, we maintained frequent exchanges and close cooperation and achieved new, substantial results. in the context of the new year, you have already had a promising beginning. as you know, one month ago, chinese president hu jintao paid a visit to this country and held productive talks with president obama. both our leaders declared their commitment to building a cooperative the partnership based on mutual respect and mutual benefits. his

this case that it's a prima facie case if a company like boeing, our largest exporter, that's in a forced unionism state expands in a right-to-work state. that completely changes the law in our state. it make it harder to create new jobs. it discourges companies from expanding and makes it more likely they can go overseas. boeing sells airplanes all over the world. today it has most of its employees, 160,000, in the united states. it can also make airplanes all over the world. and we want people to make here what they sell here. tennessee has benefited greatly from having a right-to-work law. auto plants came there because it was a competitive environment in which they could succeed. >> but the board has said because of past comments made by boeing and the fact that there was a strike in 2008 by washington workers, that this is retaliation. it's discriminatory, that they want to open up a second plant in south carolina because they're also then saying, you're not going to strike in the future. >> well, companies have always made decisions about where to locate based upon the labor environment there, amo

exports. countries like the united states pay the prize. about is what they can do to rebalance. how can we get lower consumption and more exports to the united states? >> ac also talking diverted say they need to get more? >> there is the question that it is part of the dialogue. they are making sure there is stability. i think obama is concerned about two things. the growth back to europe as a whole and make sure there is not a run on the euro. they almost broke the global economy. >> you are on the air. >> how does this affect foreign currencies in the mid east? as far as making their currencies stronger and more stable? >> are you referring to the euro? >> the middle east currency itself. if you look at the kuwaiti dollar, how that revalued, did that make their economies strong third? >> to the best of my knowledge, many of the economy's are pegged to the dollar or external ones. one of the issues people are watching carefully as the year rose stabilizes is will the dollar knock this off? i think most people believe that by 2025, it will

it is also very much concentrated with the united states. 90 percent of our exports go to the u.s. 90 percent of our oil goes to the u.s. to be 90 percent of the tourists that visit mexico comes from the u.s. and so on and so forth. obviously all of our immigrants are in the u.s. by definition. a very open economy. mexico cannot be an introspective closed of character. we cannot have the traditional mexican way of being in our mind when in our everyday life we are an open economy. >> with the growing middle class in mexico, has that changed? >> it hasn't changed yet. it is beginning to change, but we are still very much immersed in this sphere of the fallen, this notion that we have always been victims of the past. we were conquered by the spanish in 1519 and then humiliated and exploited for the following three centuries. then during the 19th century with independence. we had tax is taken away. 1836. in the united states and asia as in 1847. then the french in 1963. then the americans invaded as again in 1914 and so on and so forth. as a matter of fact, all of these factoids are more

exports cable. so the cable is from the u.s. statedepartment and it turns out that while trading firm arcadia petroleum sued by regulators just last week for allegedly manipulating us oil prices used hardball tactics in yemen to buy the country's oil exports a below market prices until authorities revamped their. sales process to break up the trading house is a long standing monopoly so arcadia was using a local agent who was a tribal leader named how meade arm are these cables from the u.s. state department say that once they had to compete with other competitors then they didn't take it lightly first they started rigging the process where they were offering like a dollar more per barrel of then the other competitors to drive them and scare them out of the market but the state department cables then cite a highly ranked government officials that says all our arcadia took their fear of competition further and scared away potentially more competitive bidders by threatening to kidnap their representatives and i think that falls under th

challenged philosophically economically and they also did hear what would happen if the exports from the southern stateswere interrupted but there were a great many who were strongly antislavery. as we know britain had its own strong abolitionist movement for many decades, really got off the ground before the american movement and inspired the american movement to some degree and what have been politically difficult for the british government to step in on the side of a government estimate for slavery. queen victoria and prince albert themselves were strongly antislavery and i think especially as soon as that moment happened when the self fired the first shot rather than the north i think from that moment on a would have been difficult for great britain to come in on the side of this house. >> general pierre was in command of the troops at fort sumter for the confederacy. i also read as a rabid southerner he was a gentleman of the first order. but i have never read that he personally tried to the demand of major anderson to surrender the four honorable ian leave under the rule full honors, the whole tha

export products to many other countries. she says her company could sell more, but state bureaucracy is getting away. -- is getting and the way >> i think there are lots of things we could improve in many different areas. the company wants to export to the u.s., but we have been waiting for the export license for weeks. >> while there is still work to be done,he town hasecom a shining example of what is still possible in portugal. >>> let's go to our european affairs correspondent in brussels. how worried it is the you about portugal's financial health? -- how concerned is the european union about portugal's financial health? >> they are concerned. there is nothing worse than a national election to throw things in the air just when you think you have things settled. the european commission says in an ideal wld, that wouldlike a clear winner to bring political stability to the country and make sure that person, whatever government is in place, has the backing of the public and the austerity measures are therefore secure, supported, and can be implemented until the election is done. >> until the results are known, it looks like

and gas exports from syria accrue to the state. they are the regime's primary lifeline. and hitting those hard and examining those in particular, including the involvement of foreign companies, is a primary lever that the united states and its allies can use against the assad regime to push them not only to cut a deal with society but eventually to leave power in syria in the months and perhaps years to come. >> one of the questions that is always there, and we have seen it very evident in libya, is do we feel comfortable that if there were a transition, and that is far, far away, in my view at least, in syria, but that the opposition forces, the protesters are either organized sufficiently to create an alternative government or even if they were able to do so that their philosophical view is something that is closer, more in alignment with ours in terms of issues of civil liberties, tolerance, secular society, et cetera. do we know what they actually stand for and would create as an alternative to the assad regime? >> the syrian o

the united states, but unfortunately recent actions by the administration are making that hard to accomplish. last month the national labor relations board moved to stop america's largest exporter, the boeing company, from building airplanes at a non-union plant in south carolina, suggesting that a unionized american company can't expand its operations into one of the 22 states with right-to-work laws, which protect a worker's right to join or not to join a union. but instead of making a speech, let me tell you a story. the story is about a white house state dinner in february 1979, when i was governor of tennessee. president carter said to us, "governors, go to japan. persuade them to make here what they sell here." so, off

and gas exports from syria accrue to the state. they are the regime's primary lifeline. and hitting those hard and examining those in particular, including the involvement of foreign companies, is a primary lever that the united states and its allies can use against the assad regime to push them not only to cut a deal with society but eventually to leave power in syria in the months and perhaps years to come. >> one of the questions that is always there, and we have seen it very evident in libya, is do we feel comfortable that if there were a transition, and that is far, far away, in my view at least, in syria, but that the opposition forces, the protesters are either organized sufficiently to create an alternative government or even if they were able to do so that their philosophical view is something that is closer, more in alignment with ours in terms of issues of civil liberties, tolerance, secular society, et cetera. do we know what they actually stand for and would create as an alternative to the assad regime? >> the syrian o

exporters. the united states almost exclusively among industrialized countries does not have a system like that, and i'm not saying we need to adopt a system precisely like that, but it puts our exporters at somewhat of a competitive disadvantage. >> that brings us full circle to where i started, every time you sit and give the example of a successful government policy encouraging a particular industry, there are four or five that failed miserably. we give tremendous incentives to various green energy segments. my fear is we are siphoning capital and creativity from what might be working. we sit here and encourage wind. my concern is by doing so, we're drawing resources away from something that might be more productive than wind energy. that's part of the overall debate. to the first point regarding the effective tax rate, that's what dr. zandi was getting at because of all of the loopholes, incentives and subsidies in the tax code, you end up with small companies paying a higher rate than large companies and end up with some industries paying higher rates than other industries. what dr. zandi a

the the dollar and is quite strong sometimes too strong for us as an export in country nation we have problems with certain member states and their debts is that understatement for a year or is that accurate and looking at the condition of the euro. i would say that and understand meant this set of the euro system. it's it's it needs to self-destruction the problem is that we have several independent governments that can use one central banking system to. finance deficits and debts and this has perverse incentives i'll put it where the finance these deficits and you buy a central banking system thereby externalizing the costs of price inflation to other countries so i think that it's from the road the system is bad all right all right here is that if i go to you in washington are you that pessimistic i mean we were i'm reading in the press right as we do this program here that sixty or seventy billion more dollars could be funneled into to greece ok that's on top of already what's been put in there i mean is this money well spent because you know is is greece is just small part of the eurozone but they want to save it o

the member states also said that they have imposed a just -- and unjustified ban on fruits and vegetable exports. we want to make sure that these are lifted as soon as possible within a few days. we also want to make sure that farmers receive compensation within a few days. ladies and gentlemen, are there any questions? we would be more than happy to answer. >> i would like to put this in spanish. you were talking about revising the figure upwards. but we have not had any figures as regards the losses at the moment from the crisis in europe. to what extent can you improve on that offer? what are the actual needs? these have to be known. the spanish minister has said that there would be a promotion campaign to try to recover the image of the spanish industry. our first estimates, we have to look at our budget available. as the budget is limited and you are all aware of the pressures on the budget, within the budget, we have to find a balance between the level of compensation that we can offer producers and the types of product to which they would apply. at the the data we receive, the most affect