the sort of flawed and failed to model the nafta w t o model where the investment in corporate elitesare given incentives to move production around the world to the places with the least labor laws the lowest wage rates and the least consumer and environmental protections and creating that incentive system through the various chapters of the t.t.p. is the reason why barack obama's administration his u.s.t.r. he's keeping these these negotiations secret from the congress and the american people. but you know we just heard about the state of the union talking about how great the t.p. would be he also talks about the t a p but you know let's get to solutions here when you represent an organization that talks about their trade versus free trade how do we get back to fair. here yeah so what a great question i have to say that you know the other trade agreement you brought up in the state of the union other than the t.v. was the european union us all right so it's an interesting problem for those of us who are fair trade activists in europe for example the wage rates and the labor laws are

>> no, in fact, nafta is a -- nafta is a good example -- >> trade balance with mexico went negative.aying after nafta our trade deficit with mexico went from positive to negative. >> nothing happens in a vacuum. >> it's a -- >> but -- >> current -- >> intellectually -- >> don't you know that free trade -- >> absolutely. i'm all for free trade. the nafta we were just talking about, it was 1200 pages. it actually doesn't take that long to write a free trade agreement. the nafta and many others -- >> that was shorter than the health care reform bill? >> you know, in other words my point is that a lot of these are agreements about intellectual property and investor rights on both sides. if you want more trade, we actually have to pay attention to currency. i think the federal reserve is doing a good job in this regard. i think the white house does a good job. >> there's so much -- this is what i was -- when they were talking about currency in the earlier segment, there's way too much attention to currency, it really is the tail wagging the dog for a lot of people. i think that's where we

we're going to talk some sports break nafta now. >> we've been talking all week. spring training.e boys down there in industry air a florida. it was kind of a bizarre off season for a bunch of the nats. >> i had no idea we had all of these love birds. >> you get one or two guys that fall on the lines. but they had four. >> see what happens when you start wing i don't you get comfortable. you start falling in love. >> the love of a good woman means some success. >> that's right. it is all tied together. >> maybe. but if you are either ross detwiler, ryan zimmerman or jordan zimmerman. you are all married up. >> it just kind of happened. i guess well all threw our names in the hat and five of us pulled it first. >> it is nice for me. she jokes with me and says i'm so ready to be an old married guy. i used to go out when i was younger and now we go to dinner, go home. >> it is the bug are going around the club. the marriage bug. >> is your outlook a little different now that you are a married man? no, i think we'll go out there and try to win, married or not. >> we have kind of all g

was a naive to have nafta and if we could do it again how might we do it again how have they not met the needs the you have defined? >>. >> it should be considered a success with the amazing explosion of trade with both sides of the border. lejeune know there is a huge concern with the labor market of mexico and that hasn't happened investment of american companies has grown and basically today one of the best exporters in the world the number one exporter in the world of computer screens screens, refrigerators, so when you talk about 500 million of trade you have to realize the promoters in those days are a magic bullet to single out in mexico but it is the turning point* to have agreements signed already with 40 countries in the world and has proven to make the industry more competitive. the labor force it was not included because it continues to be extremely speaking for political of the u.s. but that labor agreement with the preconditions established to sign nafta but we only know a little bit what happened but it between mexico and the u.s. it is what few people know about. i th

a consortium of russian billionaires now according to off nafta the interest rates are said to be one of the lowest in the rush of market now fifteen foreign banks will be involved including bank of america merrill lynch b m p power bar and bank of china as well. and staying with russia we're going to check out the markets and see what happened in moscow you can see significant gains for the r.t.s. on the mice it is said to be percent nearly as you can see pretty much most of the blue chips ended up above the line we had read to be russia second biggest lead to hit up more than five percent a retailer dixy added more than three percent and that's after reporting a twenty three percent jump in revenues in january that was the sound that for as for the ruble you'll be able to see it was a mixed performance today we had it harder against the u.s. dollar made managing to gain just a year you can say it's pretty far left actually let's check out your i can see what happened on the wednesday session and there was a heard of a euro zone industrial data actually that was giving some support t

russia's leading oil company ross nafta has signed loan agreements to attract over fourteen billion dollars from a group of foreign banks these funds will be used to purchase fifty percent of teen k b p from a all consortium of russian billionaires according to ross net the interest rates are said to be one of the lowest in the russian market now fifteen foreign banks will be involved including bank of america merrill lynch b m p power by bank of china private check out some eggs the markets will stay with russia and see what happens here now finally managed to see some significant gains here in moscow we've got almost of the same for both the r.t.s. and the my six just and i most of the blue chips actually gains here moscow must say v.t. be the second biggest lender ahead don't more than five percent we had retailer dixy adding more than three percent and that's after reporting a twenty three percent jump in revenues in january so a positive day for see how the ruble got on you can see is indeed makes it managed to gain against the u.s. dollar just lost out to the euro but really just a fr

europe trying to force egypt into signing something like this is effectively trying to create a kind of nafta for north africa if you member your viewers will be aware of math or your green between u.s. and mexico ninety four led to a massive impoverishment of mexican farmers creating an an army of desperate unemployed workers in the in the slums which u.s. companies were able to go in and exploit this cheap labor now europe's trying to do exactly the same thing through this free trade agreement to egypt and. create and the european council on foreign relations a report from twenty eleven very explicit that they want to turn egypt into a low wage manufacturing zone to help european companies their economic crisis play though down the people there don't want that to happen we're seeing that we get now in the streets do you think protest it could succeed in actually bringing down morsy. well i don't know i mean things are in flux of the moment but i think was the one of the lessons of two years. this really important to take on board is that focusing only on a demand for a single individual lea

which we all the easy go did south africa was ripped is it can you imagine mexico also with passage of nafta under clinton for north american miners encounter particularly to go down to mexico on a new trading engagement and reopen mines silver mines and dormant for years and they get anything modern technology to track and sell for ok there's a there's still recovery on the ground but it's seven million ounces but it's being bought up by the industry and we're running out of so around there's that worse at what point do we have a silver shortage crisis because you're saying two things there you're saying that supply is pretty ample but you're also saying there are shortages bottlenecks developing is it a distribution problem where we're at this point does it become we see the evidence that you know i think the what will happen is there is massive potential demand for so which is why we think the process will rise much and as the prize rises the mining industry will respond to rising prices by salting to find some of the surplus stool is still possible to mine in mexico because as you rightl

they were talking about nafta and guns. because the brady bill had passed, and nafta had passed.ou know, i remember wandering around north florida, and i'm, like, nafta? why are they worried about nafta? it symbolized something very big that was happening. >> no doubt about it. >> a changing culture that they and americans, whether it's wisconsin or northwest florida, were concerned about. >> democrats need an 800 number. they have to establish an 800 number. call this 800 number if anyone threatens to come and confiscate your guns. we'll take care of it. no one's going to confiscate your guns. call this 800 number. >> the great challenge is right now, a great challenge is just being able to explain to americans that universal background checks to keep guns out of felons' hands does not equal registration, gun registration, and nobody's coming for your guns. by the way, the second amendment tells us, scalia tells us, the supreme court tells us, they can't come for your guns. >> there's a lot of skeptics out there. >>> still ahead, we have a lot to get to. chairman and publisher o

the all the easy go did south africa was ripped out is if you mention mexico also with passage of nafta under clinton it allowed for north american miners encounter particularly to go down to mexico on a new trading engagement and reopen mines silver mines and dormant for years and they get anything modern technology to track and sell for ok there's a there's still recovery on the ground but seven million ounces but it's being bought up by the industry and we're running out of so around there's that worse at what point do we have a silver shortage crisis because you're saying two things are you saying that supply is pretty ample but you're also saying there are shortages bottlenecks developing is it a distribution problem where we're at this point does it become we see the evidence that the what will happen is there is massive potential demand for so which is why we think the process will rise much and as the price rises the mining industry will respond to rising prices by salting to find some of the surplus stool is still possible to mine in mexico because as you rightly say when the s

secondly it's as though the whole nation is living with attention deficit disorder if they go back to nafta back in one nine hundred ninety four when it was first pushed through many people warned that this was going to happen it was that great sucking sound it wasn't only going to come from mexico it was going to come from around the world as u.s. manufacturing shipped as jobs overseas to cheap labor countries to bring the product back and sell it at a markup so it's very easy to see and the consequences were predictable so it's no secret that the u.s. a large chunk of the u.s. budget goes toward military spending and a lot of people say that this is what's propping up the economy but you're saying this is doing the opposite. oh absolutely you know there's that there's that mentality that still exists you know america in the world you know the depression ended when world war two started and stupid people say things like we need a good war to get us out of this you know which of course is an oxymoron but the defense budget goes to a very small group of individuals it's a monopoly in those i

the all the easy go did south africa was ripped is it going to mention mexico also with passage of nafta under clinton it allowed for north american miners encounter particularly to go down to mexico on a new trading engagement and reopen mines silver mines and dormant for years and they get anything modern technology to track and sell for ok there's a silver coming out of the ground but seven million ounces but it's being bought up by the industry and we're running out of so around there's that worse at what point do we have a silver shortage crisis because you're saying two things there you're saying that supply is pretty ample but you're also saying there are shortages bottlenecks developing is it a distribution problem where we're at this point does it become we see the evidence that you know i think the what will happen is there is massive potential demand for so which is why we think the process will rise much and as the price rises the mining industry will respond to rising prices baugher saltine to mine some of the surplus stool is still possible to mine in mexico because as you

at one point, he said about a trade treaty, the nafta trade treaty, he said essentially after he wond i was only kidding that i was essentially going to renegotiate that treaty. i throw that out there that there is this wink and nod where money's interest funding cam pages saying we know you have to go and campaign in a certain way to win votes but the expectation is when you get to washington, you ignore everything you said on the campaign trail. cenk: well, that's why a lot of progressives are excited about elizabeth warren, because she doesn't seem to be playing that game, unlike hillary clinton barack obama and by the way a person who's largely been a failure so far al franken. he played that role, he first term, you shut up, bow your head and just play along. >> let me just add one thing. i hope that elizabeth warren changes the dynamic. i hope that she is seen as an example of a path that can be followed by other good, earnest liberal senators who maybe can see an incentive in saying i'm not going to play by the old rules, i'm going to play by the rules that if liz we got warre

. >> well, look, lou, i was with you on protesting what went on with nafta and the general agreementf and trades and wto. we lost our sovereignty, our ability to control our debts with respect to wages and working conditions and rights of workers and human rights and environmental quality principles, and now we're trying to export that to europe in a european trade deal telling the europeans, you know, if you want to trade with us, you have to buy cattle or cattle products treated with hormones or gmos. these are huge europe, and people resist that. with are, instead of having the highest standards in the united states, we're trying to lower the standards, trying to accept china standards. look, china, you know what the trade balance, as you know, in 2011, what, 295 billion dollars? china's outstripping us in trade with the world. what are we doing here? lou: dennis, with that question, we have to say great to see you and talking to you. started with a broad abstraction with simple answers for the first appearance october broadcast. thanks for being with us. >> thanks, lou. lou: earl

my question is with the nafta act that we have a lot of free trade going on, that we are supporting the overseas economy that are bolstering that prior to the groups that are over there because we're putting money into their groups by moving manufacturing outfits over there to support their economies. >> guest: let me first of all say to the caller that is one of those who voted against nafta in 1994. in fact, i lead the cause. the reason was because i wanted to be sure other countries were imposed. for example, in mexico, they had standards of transportation. we have laws in this country to talk about safety standards, all the standards they did not comply with. it is not equal. it is not fair competition, so i post it. on the other hand, i feel differently because you're actually going to be importing or exporting more than we are importing in those countries. so i think that would be good. if you're concerned about moving manufacturing overseas, but then last night he should've been listening to most carefully with the president saying we don't care the fact that congress, house and

almost one percent higher the few blue chips that traded in the red included was nafta hydro and aeroflot. and china wants more oil from russia energy giant rosneft promised to boost oil exports to china by about nine million tonnes the two sides also agreed to jointly process oil meanwhile reuters reported that rosneft was asking china's oil major c m p c for a thirty billion dollar loan to finance its t. and k b p purchase a report that rosneft denied russia export of twenty four million tons of crude oil to china last year which makes it the country's third largest supplier. in just seven years russia will become a developed country with a low inflation a sizeable middle class and much slower economic growth rates that's according to the latest research from bank of america merrill lynch and the most paradoxically idea in this research is that it's russia's demographic problems that will drive these changes by boosting internal consumption early on monday i asked steve on car auto from iran captain moscow what he thinks of all this. i can focus on your demographics is certainly not eno

will complete its merger with was nafta in the first half of the year the two sides are already in the process of exchanging documents and signing signing confidentiality agreements once completed the fifty five billion dollar deal would create the world's largest oil company displacing the current leader exxon mobil. now staying with the energy secretary europe's largest oil company world that shell plans to quit drilling in the arctic shelf that's after several accidents in the twenty twelve drilling season shell has spent close to five billion dollars on its search for oil and alaska's sense that won the license there in two thousand and five but poor weather conditions this winter led to to major accidents on the drilling platforms despite some analysts saying while the decision will lever to leave the arctic means money down the drain investors actually welcomed the move shares of royal dutch shell on the nasdaq have been on the rise for the past two trading sessions russia's central bank may soon own lose its independence the russian government considers having state officials on

russia's leading oil company ross nafta has signed loan agreements to attract over fourteen billion dollars from a group of foreign banks these funds will be used to purchase fifty percent of teen k b p from a all consortium of russian billionaires are quite a rough snap the interest rates are said to be one of the lowest in the russian market now fifteen foreign banks will be involved including bank of america merrill lynch b m p power by bank of china broker check out some eggs the markets will stay with russia and see what happens here now finally managed to see some significant gains here in moscow we've got almost of the same for both the r.t.s. and the my six just stand on most of the blue chips actually gains here moscow must say v.t. be the second biggest land ahead jump more than five percent we had retailer dixy adding more than three percent and that's after reporting a twenty three percent jump in revenues in january so a positive day for see how the ruble got on you can see is indeed makes it managed to gain against the u.s. dollar just lost out to the euro but really just a fr

japan right now on the final leg of an eastern tall which included trips to south korea and china ross nafta recently obtained licenses to develop tuol of sections of the continent to show which have huge untapped reserves an estimated ten billion tons of oil and seven trillion cubic meters of gas now seven of these sectors have already been offered to the west with america's exxon mobile collaboration's have already been made with its list and a norway status as well for shelf development but now wants to have is turning east and earlier today i spoke to stuart elliott from industry group plans on rough sniffed east about. western and international investors strategic partners are only really interested you could argue in rosneft because it gives them access to the russian market so. the chinese and japanese companies that are going to form these ventures to explore b.p. and the like who are joining up with rosneft partnerships in the arctic is about gaining access to russian reserves the key will be worth the rosneft get something back in return if b.p. or exxon mobil start giving rosneft

clinton was president, the republicans mainly were running congress when we had things like nafta, china most favored nation status, the wto, the world trade organization, all of these trade deals people claimed were going to bring jobs to the united states, and in every case the jobs left.

the conditions that began after nafta was enact it in the mid-- 19 90s, those conditions have changedramatically. the economy certainly is a factor, but it is also true that conditions in sending countries are also changing dramatically. host: robert in tucson, arizona. good morning. caller: good morning, thank you for taking my call. host: go ahead, we are listening. caller: i said good morning, qa for taking my call -- thank you for taking my call. i am actually a legal resident, from sweden. i grew up here with my sister and my parents, and my sister went back to sweden to help take care of my mother, but we never became american citizens should my sister wants -- citizens. my sister wants to come back, and has a college degree, and i think it is absurd to give negative treatment to people that are hard-working, taxpaying residents. talk about compassion, there seems to be very little compassion in the immigration system already. i am not sure it is relevant to the issue at hand. guest: the caller is right about one thing, the legal immigration system in this country is broken. peo

caller: my question with the nafta act and a lot of free trade going on, we're supporting the overseas economies that are bolstering that part of the groups over there. the new packaging groups over there to support their economies. guest: let me first of all say to the calller that i was one of the ones who voted against nafta in 1994. the reason i did is i wanted to be sure that other countries were -- for example, in mexico they had standards of transportation. we have laws in this country that talk about safety standards, talk about all the standards that they did not have to comply with. it was not fair competition. on the other hand in central america i feel differently about that because we are going to be exporting more than we are importing. we'll will have to pick and choose. if you are concerned about moving manufacturing overseas the thing you shouldn't listen to last a close was the president said we do not care that the congress, house and senate refused to pass a global warming thing, we will deal with regulation. the reason they cannot get the votes to pass that is beca

similar type discussion was taking place in the 90s, when they were talking about nafta, the same argumentsde. after it had been in place, some people came back and said we did not really get all that we bargained for here. some said there were jobs lost and not gained. >> everybody will be fighting for their own points. this will be a recovery booster. it will be easier to have business operating in the two markets. we are talking about 800 million consumers. european economies are still not in the best shape, not that we are necessarily going great ourselves. europe has been a real mess over the years. >> this is again a win-win. i listened to president obama last night. transatlantic trade is creating millions of jobs around the atlantic. we believe they can create even more. open markets bring down nontariff barriers and addressing some issues that our friends in china, brazil and india need to be very offensive to. connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson i

they are part of nafta. most of americans do not realize that our number one trading partner is not china, it is canada. i just really do not understand the rationale of not building this. it was the first reason that president obama gave. now, i see no reason, other than kowtowing to the very radical environmentalists and not bringing this to america. dagen: thank you very much. steve moore from the "wall street journal." thanks again. >> thank you, dagen. dagen: let's take a look at the u.s. dollar. trading down versus other major currencies today. agreeing not to target the exchange rates of world currencies. concerns that competitive devaluation could spark a currency war. let's just say, g20 kind of poo-poo'd this. are we not the biggest culprit through the federal reserve of weakening the dollar? >> well, with the federal reserve, their quantitative easing program has been having side effects. i think it is important to recognize that really what the g20, we would not specifically target the exchange r

guest: if you think back to that year, that was an incredible amount of legislation, it was nafta, a tax increase, the balanced budget that president clinton had supported. there was the health care legislation that was debated. those together created an image of democrats and of the president that was very much to the left and all about expanding control of governments. many voters thought here was a president who came into washington with a mandate that was left of center. that deeper frustration was what led to the historic loss for democrats in 1994. there was stronger support for gun legislation back in 1993 then there is today. there was a stronger belief that limiting guns or having gun control was going to help reduce violence. what has happened since 1993, with that columbine and newtown. we have had a gun control on the books and different experiments. there is still a tremendous amount of unnecessary gun deaths. host: david is next from florida. caller: thank you. i wanted to comment on gun control and stuff like that. ownerrepublican and gun and i support background check

permanent normal trade relations has led to the loss of nearly 3 million american jobs and the nafta agreement has led to the loss of nearly 1 million american jobs as large mult inationals continue to throw american workers out on the street and move to china, mexico, and other countries where workers are paid pennies an hour. in 2008, i supported then-senator barack obama when he told the afl-cio in philadelphia the following: "what i refuse to accept is that we have to sign trade deals like the south korea agreement that are bad for american workers, but i oppose and what i've always opposed are trade deals that put the interests of mult inational corporation ahead of the interests of american workers like nafta and cafta and permanent normal trade relations with china and i also oppose the colombia free trade agreement if president bush insists on sending it to congress because it would make a mockery of the very labor pproximatelies this we have sinced be included in these kinds of agreements. so you can trust me when i say that whatever trade deals we negotiate whe whim preside

host: nafta? caller: not that. the free-trade agreement with china that gave china most- favored-nation trading status that allowed all of our jobs to go to china. host: richard says that bill clinton was his least favorite. our first caller said that bill clinton was his favorite. on january 23, 1996, here is president clinton during his last state of the union address from his first term. [video clip] >> we know government does not have all the answers. we know there's not a program for every problem. [applause] we know and we have worked to give the american people a smaller, less bureaucratic government in washington. we have to give the american people one that lives within its means. [cheers and applause] the era of big government is over. [cheers and applause] but we cannot go back to the time when our citizens or left to fend for themselves. [cheers and applause] instead we must go forward as one america, one nation working together to meet the challenges we face together. self-reliance and teamwork are not

that is why she will never get elected because of the nafta a nd glass-steagall. i voted for president obama. i retired and went back to work to make extra money. i see people out here. i would like to know the people who work for $10 per hour and pay insurance. host: what kind of work did you do? caller: i worked at a food manufacturer. host: you went back to work? caller: i was only 55 when i required -- retired. host: are you still working? sicko i work in a machine shop. -- i work in a machine shop full-time. i'm a $10 per hour 30 years ago. i hear these people call them lazy people on food stamps. it amazes me. host: in the chicago sun-times morning on the front page, the story of jesse jackson junior with the headline -- read more about the trials and tribulations of representative jesse jackson, jr. we are talking about your view of the economic recovery. we have a couple of more tweets that have come in. let us go back to the founds. rick, oklahoma, on our line for republicans. caller: this country is and one heck of a shape. when clinton was in office, we

benefit because mexico has the bodies, it has a lower cost structure and it has this long border and naftan you hear the president say he wants to raise minimum wage, as a businessman, how do i feel about that? >> i don't get it. there's no history that says raising the minimum wage does anything other than eliminate job jobs. >> it's one of those things on the front end -- the in tent looks good. nobody connects the dots. >> come on. i'm sitting here today and hearing the minimum wage is going to go up. i don't believe we have any minimum wage people that work for me nuclear in tany where in. what does it mean for a me? if you're the manager of mcdonald's, you have to look at your rescheduling. if this were to go forward your labor costs went up 20%. you didn't get any benefit or reductions, up 20%. what do you do? figure out how to deal with less people. >> there is already competitive advantage of hiring workers in mexico and you just added to the competitive advantage of workers offshore. >> in the service business, no, because you need them right here. yes for manufacturing. >> you ne

you have these two partners and they started out with a great big fat wedding, the fda and then the naftaubles, it's a great honeymoon, everything is great and exciting, now we are at the point people are looking around for sexier partners and they are seeing that a growing middle class of consumers and the huge appetite. they are looking at the rest of asia, they are looking at here at and they are seeing a trust of opportunities out there. but at the same time, there is another piece of the relationship and i would call that security and that is to do with protecting not just the borders that we talk about a lot but protecting everything from their children from lead in their toys to protecting the quality of their water, the quality of the environment and the air, all of these things matter how far they go to sell oil to china on friday night to still have to come home friday morning and deal with these household issues and the only way to do it is to work ever more closely together because you can't secure your infrastructure, you can't without working together so i see the two differ