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when i force you to pull of the textbook by glenn hubbard the chief economic adviser forward george w. bush with the first administration talking about heidi make the ipad? he said it resembles the ipad it ships to apple for sale in the u.s.. then he says if the market conditions where the ipad is made basically cannot wear the hat pad could be made. so he had 750,000 people making products for these companies putting the investment dollars into china. and here i am going around on a little tour on the world's largest factory and listen to what he has to say >> audio? >> i've put subtitle's and there i will try to run that began. >>host: is that the free-market? no. if you do business with the mafia you empower the mafia. we have laws against that for a good reason. frankly i advocate laws that restrict our economic relationship so may free-market friends say american consumers benefit because we get cheap consumer products. that is true. i like the eiffel on five but how long does this last? [laughter] this is good for 80 months intel wine next upgrade comes then it is shipped off to

everyone thought it would be glenn hubbard or marty feld teen or someone else.o everyone needs to take a deep breath and wait until there's actual news as opposed to the chatter. >> you worked there. you know all of the players. you think tim geithner would want the job? >> from everything i can tell, the answer to that is no. >> no, he doesn't want the job. >> yeah, i think he's done his service, and he's now enjoying -- >> if somebody -- if the president asks and -- you know, that's -- but -- i guess, right. i remember at the end of his tenure, everyone was, like, he is so done. >> i think he's writing a book and moving on. >> all right. five years after the crisis, peter, here we are, five years ago was the lehman bankruptcy. how would you characterize things? >> it's hard for us to appreciate now, but better than it could have been. don't forget it could have turned out much worse than where we are now. so, yes, the employment-to-population ratio hasn't improved. that's unfortunate, but it's not down. growth is sluggish, but at least it's positive. the world

i think you saw the story -- or an op ed recently, glenn hubbard was talking about, let's talk about come up with a compromise on the revenue -- my words, on revenue -- but instead of having a debate about the debt ceiling, have a debate about debt and spending. and i think that kind of admonition is very wise. >> finally, senator, people a are -- were talking about the jack lew meeting earlier in the week. accusing him of using scare tactics, right, talking about senior citizens getting their social security checks, talking about national security, homeland security, funding going away. is that a fair charge, or not? >> no. i don't think he's using scare tactics. jack lew is a very measured person. very measured measured person. very measured guy. he's worked in the congress. he worked in this administration, worked in the clinton administration. he's been through a lot of battles and through a lot of difficult issues. and is someone who likes to work things out. but the concerns he has are widely shared throughout the country by people on both sides of the political debate. but her