now russia's energy deals with foreign companies gazprom nafta and american shell have agreed to jointly develop new oil resources and some of the hard to get areas of russia and even russia and abroad this is a deal that could help gazprom that lease its presence in europe countries also planning to jointly develop in the arctic but the deal check out there's been a bunch of news of a major deal that could become the agreement of the decade the failed arctic tie up between ross nafta and d.p. the other countries were planning to jointly develop the arctic but the deal collapsed as b.p. and other in this rather russian partner they are opposed to the agreement i described as b.p. says that it is off to a mistake about prospects we were not successful in reaching a set of commercial conditions that were acceptable to all of the companies and i think the concept of a strategic partnership like this was good for russia good for. the energy markets. good for all of the companies and. now it says it is still looking for a partner to help develop the arctic and as soon as this is as soon as he

won they feel good just so my listeners go to go to a tea party rally with the sciences get out of nafta bring their jobs so i mean you know there are serious where exactly right you just let's keep for a second here consider the kind of of of just political blundering that allows democrats to not figure that out. ok they could win a lot of these voters over if only they would drop after. the state of the road out i mean if they could show you know to just turn away from nafta it was a terrible idea in the first place it was a republican idea you know this is supposed to be the party of of labor why can't we walk there there's something resulted in a democrat the democrats they were split the tea party movement into this disaster this electoral disaster in two thousand and ten wouldn't have happened if they had just obama said in the campaign he wanted to renegotiate nafta oh my god what i don't know is what you are korean for and they will ride that right intil intill the last democrat is finally beaten you know in our in our last minute or two here you have a new piece in harper's the

just turn away from nafta it was a terrible idea in the first place it was a republican idea you know this is supposed to be the party of leader why can't he walk there there's something there is one in a democrat the democrats they would have split the tea party movement into this disaster this electoral disaster in two thousand and ten wouldn't have happened if they had just obama said in the campaign he wanted to renegotiate nafta oh my god why don't always you know if you are koreans and they will ride that right intil intill the last democrat is finally beaten you know in our in our last minute or two here you have a new piece in harper's the confessions of glenn beck is here father kaufman but i don't think that's he's problems that fascinating man we don't understand how it is that there is there is on hog yeah that's how he pronounced it that he cobbled moved from left to right in the course of the one nine hundred thirty s. very you know very curious movement and glenn beck this is what i discovered and i wrote about it in harper's magazine there's all these really peculiar e

lisa hello and welcome to business outside the capitalization of russia's largest oil company ross nafta is expected to reach one hundred billion dollars in the coming years that coming from the company's annual meeting in southern russia. it may be warm and sunny for the a.g.m. here in the southern city of cross. focus during recent months has been in the icy north of the arctic it's failed plans for a tie up with b.p. and the share swap deal cast a shadow over the company and if the deal is dead or all snapped still has the task of finding a partner to explore the blocks it's acquired in the arctic heading up that will be a new chairman because each of the standing down in accordance with the new russian policy of splitting politicians from jobs heading state wrong companies it's not all bad news for us production grew faster than any other russian oil company currently it's pumping eight hundred forty million barrels of oil and twelve billion cubic meters of gas a year there's been a lot of progress on rosneft improving downstream capacity it's taken germany's rule will increase refin

recently blocked the share swap deal between the provisional nature and state run across nafta but despite the route b.p. says its focus is on developing tank a b.p. which is also the country's third largest oil producer. and staying with oil members of the oil exporting cartel opec meeting in vienna to look at possibly increasing costs it could be one of the most volatile covering since the gulf war it is believed opec wants to replace a drop in median supplies and meet the growth in demand later this year but industry analyst doesn't think not talking achieved it. most of her country's mouth given up. on the sorry budget for expansion sort of said the current social spending integration sold to suffocation from spending reduced come your way once you see that in russia bush according to bush and russian budget was balanced in two thousand and seven with more that seventeen know it was barely brown says a hundred ten. once you fascists not inflation spending it's very hard to pull back especially in these more of the countries so you get somewhere around between one hundred maybe one hund

russian joint venture tain k v p u peace partners in the firm have opposed the proposed deal with nafta and the company as it's going to focus on oil exploration outside russia. taking a look at the markets now who continues to rally after opec failed to agree on increasing opposed this raise fears of supply shortages later this year but sweet is trading about above one hundred one dollars per barrel and brant is around one hundred eighty dollars. talks in europe gave off early gains in late morning trades banking sectors wait on the indices as markets await the outcome of rate setting policy meetings from the bank of england a good p. and central bank commerzbank down over two hundred percent credit agricole one point six percent while the world bank of scotland probably over two percent of mescalero nestle fell after parties capital cut if it's to be cooled weight from overweight. person markets are high the style of the ts is up a quarter of a percent and in my eyes except just an all let's look at some individual shovels on the line six metal miner and no case is up point three perc

and if you made is the main game is a spoiler bounce from a woman's low cross nafta is up around one point one percent in the mining sector machel is up the company has almost quadrupled its net profits in the first quarter of the year reaching three hundred nine million dollars above previous expectations banking stocks are also bouncing would be to beat up over two percent. and so let's move on to europe or markets rally as well ahead of a key vote to recall them and on additional sturdy measures to later in the session both could see on the tax or up over eight percent banking says post strong gains with commerce back up zero for up one point eight percent in demonstrating the top gainer on the dax a minus interest of the gassed up gaining on the first six ams of oil is moving between small gains and losses with investors taking a pause that the pushing all to shocking on tuesday light sweet is trading at around ninety three dollars but the. friends at around one hundred nine dollars a barrel this hour. and i think the money bag has denied its plans to close its businesses and als

is something that's gaining steam here the general partners the major players spare a banker ross nafta and gatt as all russian companies large ones helping to bring this conference to the fore to make it happen they try to build this conference as russia's answer to davos and that's something that you can certainly see here at the at the exposition center in st petersburg now the featured speakers here of course russian president dmitry medvedev and as we've mentioned chinese president hu jintao along with them spanish prime minister jose zapatero will be in attendance and also president of fenian finland tanya tarja college in rather and nursultan nazarbayev the president of kazakhstan also in attendance and will be addressing the thousand plus people expected to attend the conference here people attendees coming from more than one hundred countries and dozens and dozens and dozens of companies represented here as well r.t. among the many the media players here we are here at our tees. pavilion at the exposition center here and many many others all spread throughout the exposition spa

session slightly positive continuing gains from tuesday let's look at some of the individual movers ross nafta and gatt one point six. two percent respectively on the back of high commodity prices the banking sector was actually weak point three percent and the pizza western front on wraps up things for. emerging markets in particular russia is outperforming developed markets and i think what we have howard over the last couple of days has been very poor actually last week as well has been ported out of developed markets the u.s. and particularly and today we have german interest production coming in below expectations i think the european markets and the u.s. market have taken a toll from the and people are again moving back into emerging markets slowly but it's not not convincing it was not a strong conviction of they were among investors as far as can see right i'll be back in forty five to fifty minutes with an update next. mission free accreditation free transport charges free maintenance free risk free stews nights free. download free blogs can split videos for your media projects and fr

s partners in the firm have opposed the proposed deal with ross nafta the company that's going to focus on all exploration outside russia. russia's economy is on the rise but growth remains moderate despite the high oil price g.d.p. grew just four and a half percent in the first quarter and the world bank expects it to slow down slightly in the next couple of years but says it's not a that's nothing to worry about. growth of seventy percent of it was made it based on a very neat historical circumstances and it would stream a global leader for the next three nuclear crises and capital inflows let's do it with me to preserve the past you know we are in a world of much more moderate growth and much more constrained international economic environment and there is a new reality to be normal from which we operate. i think of the markets now it continues to rally after opec failed to agree on increasing how close this raised fears of supply shortages take later this year is trading at about one hundred ten one dollars a barrel and branches the wrong one hundred eighteen dollars the solid and e

have moved all my six energy majors among the maintainers as for rebound from phone on flow across nafta's up around point seven percent in the mining sector quarters only metal is up almost two percent supported by strong good gold banking stocks also at dancing with the e.c.b. up point eight percent down the stock. i love being in prices of falling around ten percent since may the metal is currently trading around twenty five hundred dollars per ton and that. outlines the main factors that have been affecting the price. on the one pound we see them in the song physicals and mountains and the china and other brooks concerts continue developing but the government in china trying to slow down the school system at the same time the u.s. government science or business hold on the process a part of it is aimed and you see the situation in europe i'm pushing for is not so good well all of that differs and some of the cannot give us a lot of optimism or surprise put in the long term the things that old the most surprise is something in the name of the trickle up difference or surprise and should

travel some of my six energy mages among the name game has has or rebounded from a form of flow across nafta is up one point. three percent in the mining sector metro is also gaining the company has almost quadrupled its net profit in the first quarter of the year reaching three hundred nine million dollars that's above previous expectations banking stocks are also seen with the t.v. out two and a half percent the start. let's cross over to europe where markets rally ahead of a key vote and the greek parliament on additional austerity measures later in the session banking shares post wrong gains with congress back up over three percent in germany in german trading one of the top again as on the dax barclay's is gaining over four percent on the ford c. so is mine or the full cost of. bread crude steadied on wednesday near one hundred nine dollars a barrel on growing optimism that the debt crisis in greece will be resolved avoiding a contagion in europe like sweets is trading at around ninety three dollars but about. russian president dmitry medvedev has outlined budget guidelines for the next

nafta in the red more than half a percent banking stocks are also under pressure with spare bond down point eight percent. now russia's biggest airline air flow which is the latest company to be shadowed for privatization the announcement came from finance minister lex accrue true not the nicest capital investment for he says the sale will take place within the next three to five years to russia stage owns around half the company the size of the state would be privatized to be privatized is unclear the russian government is going to sell a number of asses in the near future in order to raise up to twenty five billion dollars. b. to western acetone topical explains what russian stocks could potentially see. potentially see an upswing in the future. if you have to be in russia in this environment you might want to in the short run at least pick to defensive names and there will be telecoms particular ross telecom m.t.s. looks interesting in that respect in the utility segment it's a very difficult sector as well because you have the problem with the elections but in a downturn it looks

he's partners of the firm have opposed the proposed deal with ross nafta and the company it's going to focus on oil exploration outside russia. so the stories russia's economy is on the rise but growth remains not right despite the high oil price g.d.p. grew just four and a half percent in the first quarter and the world bank expects it to slow down slightly in the next couple of years but says that's nothing to worry. the group of seventy eight percent it was basically based on a very neat historical circumstances that would stream the global liquidity in the weeks to be real price she's incredibly pleased with its recent return to sort of the parachute you know we are in a world of much more moderate growth and much more constrained international economic environment and that is the new reality of the normal for which we operate . let's have a look at the markets crew continues to rally after opec failed to agree on increasing output this raise fears of supply shortages later this year light sweet is trading at about one hundred one dollars per barrel and brant in that around one hun

exacerbating into a bloody war to try and hike up the oil price some accuse the builder berger's of nafta minding the financial crisis and given the dire economic fate of the last to build about host countries greece and spain some fear for the future independence norn e.u. member switzerland and we think that there is a danger because. we want to get rid of the last stumbling block in this whole european union you know it's like an island which is. you know that we have to. that we are not in the union we're not in and maybe we are afraid that they're trying to destroy this pressure is mounting on the builder by a group of saturday as the swiss people's party the young socialists and other activists descend on the resort's house to try and draw the world's attention to what they see as nefarious undemocratic meddling in the face of the world's institutions. will be keeping you updated with anything we find about the building meeting on archie's twitter feed or a tweet but so far our crew is the only international news channel in sun maurits as the mainstream media seems to be ignoring we

eight percent lower now let's look at some individual share moves energy majors are selling losses nafta's down half a percent look all dropped a quarter of a percent cotton the trend is known was bank after it reported a one hundred fifteen million dollars profit in the first quarter. now the e.u. debt crisis is exposed fundamental structural flaws and its financial system danio finally. business consulting ways out of the current situation but none of them are good three or four scenarios moving forward and none of them a good one is one hardly fault which destroys the european economy second germany leaves the euro which destroys europe thirdly very bad would be greece ireland portugal or spain leaving this would be very chaotic and in the fall scenario is that the least bad want and this will be a modified slow restructuring of greek debt this will happen next week or in six months or nine months and the sooner the better. the world's top i mean producer roussel says it plans to produce four point one million tonnes this year despite the figure being roughly the same as last year the c

have moved my six energy majors among the main gainers as oil rebounded from a four month slow frost nafta is up around one point four percent in the mining sector. the company has almost quadrupled its net profit in the first quarter of the year we three hundred nine million dollars that's above precious expectations previous expectations now banking stocks are also advancing would be to be up over one percent. i mean prices have fallen around ten percent since may the metal is currently trading at around twenty five hundred dollars per ton and that is laughs all of y'all from outlines the main factors that have been affecting the price. on the one pound we see the strong physical democracy and the china and other groups contras continue developing but the government in china trying to slow down this process at the same time the u.s. government trying to witness hold on the process of confidence is doing and you see the situation in europe from fortune for smokes and going well all of that difference in some of them up give us the a lot of optimism of the should rise quickly in the long t

key state companies to blocking stakes the state is looking into privatizing more of all major ross nafta bt bank roll still holds bank and power generating company whose hydro russia's plans to sell assets and more than thirteen hundred state companies without losing control of its. corn is trading near its highest levels in three years that's after the us warns global grain inventories will drop next year to the lowest since two thousand and four record flooding in the united states and drought in europe a dozen hopes of replenishing tight supplies and easing food inflation investors are putting their hopes in russia lifting its grain ban next month. index futures group outlines the bets for wheat prices. weed is like a weed it grows very quickly so even though you go through drought conditions and you know the ukraine is a wonderful example of that what we saw happen in russia back in august and the reason why we saw the prime minister do what he did and that was how it acts warts oh it was very indicative of we as a as a as a commodity grows very quickly now having said that what we e

channels on the my xix paul majors who are among the main loses following the downturn in crude gross nafta ended in the red by a look culprit or slightly higher banking stocks were also under pressure was paradigm closing half percent marco castle such a pitch that wraps up the day's trade. russia started off on the green given you know bit of a positive outlook towards the greek problems and the austerity plan that is supposed to come through and through the week but then the focus has been shifted also to you know you have the all their peaks so people are just wondering whether this is going to be enough or it's going to carry on through telling banks and how that's going to affect actually the russian market to us and how that's going to have a global impact and into russia specifically you see that all price coming off and then russia actually has been the lag in a bit in the last few days just because of that impact and also the dollar has been stronger and that has also hit commodities and then you have feel or you know metals and mining names also coming off a bit in the last few d

some isaacs and if you may choose among the main game has as or rebounded from a four month low ross nafta is up one point three percent. in the mining sector machel is also gaining the company has almost quadrupled that's net profit in the first quarter of the year reaching three hundred nine million dollars that's above previous expectations banking stocks are also advancing with the t.v. up two and a half percent this hour. let's cross over to europe where markets rally ahead of a key vote and the greek parliament on additional austerity measures due later in the session banking shares post wrong gains with commerzbank up over three percent in germany in german trading one of the top gainers on the dax barclays is getting over four percent on the ford c. so was minor. bread crude steadied on wednesday near one hundred nine dollars a barrel on the growing optimism about the debt crisis in greece will be resolved avoiding a contagion in europe like sweets is trading at around ninety three dollars per barrel. russian president dmitry medvedev give has outlined budget guidelines for the nex

isaacs and if you may just among the main gains again is as or would bounded from a four month low ross nafta is up almost one point three percent in the mining sector machel is up the company has almost quadrupled its net profits in the first quarter of the year reaching three hundred nine million dollars that's about previous expectations banking stocks are also advancing with d.t.b. up more than two percent. european markets rally as well ahead of a key vote in the greek parliament on additional austerity measures to later the session both a pussy and attacks are up over the sand banking shares post wrong games were commerzbank up over one half percent. trading the top game on the backs of minors such as out of augusta gaming on the fourth estate. and all those moving between small gains and losses with investors taking a pause after pushing all the shop gains on tuesday light sweet is trading at around ninety three dollars per barrel and prance around hundred dollars. russian president dmitry medvedev has outlined budget guidelines for the next two years top of the list will be increasing

you this hour regarding a important deal in russia that the failed arctic tie up with wiener ross naftan b p they were to planning a joint development of a project in the arctic but that fell through or gardner as he says they were main optimistic. we were not successful in reaching a set of commercial conditions that were acceptable to all of the companies and performed i think the concept of a strategic partnership like this was good for russia good for. the energy markets. good for all of the companies and. rosneft says it plans to find a new partner to help develop the arctic and energy minister sergei shako highlights the tie up none the less triggered the investor interest for this project and that's all we have time for from st peter's.

with other parts of northern europe like sweden which is not in the euro so it's nothing to do with nafta it's the state of their economies the types of goods they produce but they are selling well into emerging markets into china we have to the our all you need labor cost up there you cannot see the no growth really experience right i don't think you understand they have really what you are going to make sports all right all right ok garrett if i could go back to you may not do but just greece it's not does we're going to. export economy it simply will not be changing the currency will not change those parameters there's deep structural issues which need to be talking if they choose to think that that's better to talk to outside the euro so that's their choice i have no question that would help them sarah would hate to be prime not necessarily in solving markets and will make. their countries while we spend you know larry. page eric guaranteed to get you. into these things like you're going to guarantee washington garrett what i'm going to use monkeys my terminology here and i haven't se

special session and perry a week and a half into this will not put it was special session rick perry mr nafta superhighway gardasil shots on little girl jeff goldberg rip attendee he is as phony as a three dollar bill but hey he worries a kid who has a must be good so the prognosis is bad here because we have a globalist like rick perry here we have a cia black op could enter into her if the lieutenant governor you know who ran over throws of elected government a lot of brothers alex need keep up the present people the good fight really are watching from d.c. thank you for joining us tonight that was alex jones host in florida. and the alex jones radio show so we have now officially lost the battle against genetically modified crops and for the same reason so many americans are such crap bodies we don't pay attention what we eat now we don't even have the option of avoiding frankenfood whole foods it admitted because of the lack of labeling requirements and complex nature of dmoz even they can't keep this stuff off their shelves at least in corn and soy in canola crop derivatives which i avoi

a major deal that didn't come the agreement of a decade the failed arctic tie up between the ross nafta and b.p. the other countries were planning to jointly develop the arctic but the deal collapsed as b.p. and other in his rather russian partner they all opposed the agreement despite this b.p. says that it is often a mistake about prospects we were not successful in reaching. a set of commercial conditions there were acceptable to all of the companies and to see if the concept of a strategic partnership to use was good for russia good for. the energy markets. good for all of the companies and. it says it is still looking for a partner to help develop the arctic and assume is this as soon as this year possibly and energy issues and minister sergei shrugged his track of highlights the nonetheless a triggered investor investor interest in the russian shelf chief is also positive about this so it all lot of important economic news going on here in russia and being highlighted at day two of the state petersburg international economic forum. russian markets closed low on friday sinking the

when they signed nafta in 1994, everybody thought mexico's future was sorted. they joined the oecd and everybody was happy, and it seemed to work for five to six years because there's a lot of american-japanese-korean companies that went there to build factories, create jobs. basically targeting the american market but in the last ten years, mexico's growth rate has been basically zero. they have been losing a lot of jobs to china, to got ma mall la -- guatemala, and in the meantime, they have lost their own capability to create new activities and new jobs, and that's what happens. unfortunately, a lot of countries are so desperate they they want to sign this agreement for the benefit of the next five to ten years, but in a way they are signing away their future. >> i have a question. professor chang, i think that the work that you do is very special, especially as an economist from cambridge university. i feel like oftentimes academics when they get to that level, they don't care about trying to engage with ordinary people, so i really applaud you for that, bu

by signing it if you buy the general green on tariffs and trade your agree with gray round and and nafta this has this is now ripping apart our country and that and as you point out the countries we're trading with they're protecting germany's protecting our economy china's protecting their economy we're not are we crazy. so the solution is not to put our head in the sea and i mean the global marketplace is here the solution is good so i resent their quarters the same access the same access the foreign manufacturers have toward market you know in their our exports would skyrocket if i had access to the china market like china has to our market our exports would skyrocket why should we be an export driven economy neal we've never in a historically our economy is more we've never had more than three or four percent of our economy based on exports no the thomas not true i mean our economy using it based on where you build things here now it's based on imports look at me and would you like fries with hulu and we could be there again and we could be very good i know we can all get american ma

host: i will take nafta. guest: naphtha certainly -- nafta certainly does. i wrote a book titled "take this job and ship it." it was about the circumstances that allowed this country to be in a position to say it is ok to export jobs elsewhere. it is not ok with me. the johnny paycheck song, i ripped off his title. we actually reward companies who say we will lock up our plant in the youth of desk and move into china and produce our product -- lot of our plant in the u.s. and move into china. host: you say you are working with chinese companies -- guest: i should not have said chinese. working with business issues around the world with the u.s. around the world with the u.s. companies and foreign companies but i am not lobbying for anybody. it is an international economy but it should not be an economy in which we lose and they win. we will probably talk a little bit about the trade agreements. korea is a good example. it sends up generally 800,000 cars a year and we are able to sell about 6000 or 8000 in south korea. why is that? because 98% or 99% of the c

we are starting to warm up in places like nafta and conquer. close to 70 in as we head into the afternoon we will warm to the upper 70's and low 80s. we will keep those temperatures in the '60s and then warm up to the '70s. east bay, a mix of '60s and '70s. it while we will warm to a comfortable low 80 degrees of through the san ramon valley. 85 and antioch today. the south they will have a lot of 70's. temperatures will continue to decline over the next couple of days and we will also watch clouds began to thicken. mostly cloudy conditions expected for saturday with temperatures staying in the mid 70's inland, upper fifties for the coast. we will warm up again by next week. seven >> 40 8:00 a.m., you can see that house democratic leader nancy pelosi is speaking live in washington d.c.. she will be addressing several issues, we will see if she mentions anthony wiener and his scandal that is now forcing him to resign. we received word that he will resign this morning. >> an agenda about making america, building the infrastructure, we have had th

we heard it with nafta, the north american free trade agreement almost 20 years ago. we therd with pntr with china in the late 1990's. we heard it with central america free trade agreement. now we're hearing it again with colombia and south korea and panama. i recall both republican and democratic administrations saying 200,000 new jobs created by nafta. i heard proponents of pntr promise a more balanced trade relationship with china, new jobs from u.s. exports. we've seen increased exports to china but nothing like the number of -- you know, there are jobs created because of that. i acknowledge that. but nothing like the export from china of goods to the united states, which in essence is outsourcing jobs in the united states. there's a company in northwest ohio, in bryan, ohio, called the ohio art company. they make etch-a-sketch many of us played with as kids. wal-mart went to that company, the biggest retailer in the world went to that company and said we want to sell your product for less than $10 at wal-mart. you know what they did? they basically shut down prod

what i would like to do is tell you about the nafta -- afghan national security force. the ansf.he afghan national security force consisting of army, police, and airforce. i will show you pictures on the screen. these are pictures that give you a visual understanding of some of the context of the information i will talk about and i will see it if there are questions and talk about that. there has been significant progress made in the development of the afghan national security force. a lot of people ask me how are they doing and they have made significant progress. not only in terms of growth but also in terms of their quality which is just as important, if not more imperative. as you hear often, the the gains are not yet irreversible. there are challenges still. as i go through this presentation, i do not want to mislead anybody to think there is not more than ample challenges to be taken on. there are. it should not undercut the incredible progress that has been made as i have watched what we have been able to accomplish in the international community. what we say is a transfor

i think if you ask people in nevada, hasn't nafta helped us a lot, they would just sneer and walk away workers than workers in other places? i think that certainly is the case. so in keeping with the theme of jobs, i thought it was important that we do something about creating jobs. we talked about paerpbts. i talked -- we talked about patents. i talked about what we tried to do with the small jobs innovation bay. we tried to bring up e.d.a., economic development administration. madam president, this has been something that has been in effect since 1965. it's been a wonderful program. in the last five years we've invested $1.2 billion, creating more than 300,000 jobs. for every dollar invested, we get seven dollars of private capital. it's a pretty good tkaoefplt we wanted to -- pretty good deal. we wanted to bring that to the floor, have a debate on it, pass it, put more money in the stream of creating jobs. every $1 we invest, we have $7 that comes from the private sector. we plan to work this week on debating and reauthorizing this economic development bill which has created jobs wh

i would like to see the free trade and nafta agreements being brought out into the open. i've never understood why they are not. i'm old enough to realize where we are headed as a country is actually back to 1960 and wage levels. i think corporations would love that. but i would also like to speak about the influence of television and media and the advertising dollar, whether it is the big three or the other corporations, the influence of that dollar is the word that gets out. i would appreciate if you would think more along those lines. america needs you to wake up. unless you want to start making $2.50 and think you can get by, this is the way we are headed. i support you and i wish you luck. guest: thank you. you have made a point, that real wages in the u.s. economy have not risen since 1974. that's because of rising health- care costs and because of rising cost of living and because workers having a say through collective bargaining has been decreasing. those two things, we think, do make me believe that the collar's idea that we could be headed to $2.50 per hour job

naphtha promised to be a jobs naphtha promised to be a jobs boom, and -- nafta promised to be a jobs boom, stop the drug problem. in fact, it has created a race to the bottom that even mexico is not winning. they are seeing manufacturing jobs move to china. we need a different model of how we do this. with regard to the pending free- trade agreement, even if they are passed, and even under the rosiest scenarios of job creation, it will be mild, compared to what we need to do against china. we run monthly trade deficits of about $20 billion. since 2001, that has added up to 2.4 million good paying job we have lost we are now deep in debt to china because of this. it is not because china can make things better than we can. it is because they manipulate their currency, they have industrial subsidies, they have in intellectual property protections which are lax, and we do not stand up and say enough. that is why the obama administration and congress needs to provide a level playing field for our manufacturers, workers. but we also have to reevaluate the way we do these free trade agreeme

naphtha promised to be a jobs naphtha promised to be a jobs boom, and -- nafta promised to be a jobs boom, stop the drug problem. in fact, it has created a race to the bottom that even mexico is not winning. they are seeing manufacturing jobs move to china. we need a different model of how we do this. with regard to the pending free- trade agreement, even if they are passed, and even under the rosiest scenarios of job creation, it will be mild, compared to what we need to do against china. we run monthly trade deficits of about $20 billion. since 2001, that has added up to 2.4 million good paying job we have lost we are now deep in debt to china because of this. it is not because china can make things better than we can. it is because they manipulate their currency, they have industrial subsidies, they have in intellectual property protections which are lax, and we do not stand up and say enough. that is why the obama administration and congress needs to provide a level playing field for our manufacturers, workers. but we also have to reevaluate the way we do these free trade agreeme

i would like to see the free trade and nafta agreements being brought out into the open. i've never understood why they are not. i'm old enough to realize where we are headed as a country is actually back to 1960 and wage levels. i think corporations would love that. but i would also like to speak about the influence of television and media and the advertising dollar, whether it is the big three or the other corporations, the influence of that dollar is the word that gets out. i would appreciate if you would think more along those lines. america needs you to wake up. unless you want to start making $2.50 and think you can get by, this is the way ware headed. i support you and i wish you luck. guest: thank you. you have made a point, that real wages in t u.s. economy have not risen since 1974. that's because of rising health- care costs and because of rising cost of living and because workers having a say through collective bargaining has been decreasing. those o things, we think, do make me believe that the collar's idea that we could be headed to $2.50 per hour jobs is n