richard mcgregor tell me, where does china go from here?nd what are the questions we should be asking about the new leadership, both in terms of xi jinping and the standing committee? >> well, the first thing is to assess what kind of body the new standing committee is and in many respects, ostensibly it is quite disappointing some of the people we would consider to be more liberal, i mean it is very hard to categorize people in china as reform mist and conservatives but, which are rubbery term but some of the more liberal and nationally minded people did not get on and that would be disappointing for many people. the second thing is, you know exactly what, you know, political personnel xi jinping has and exactly what power will he have as an individual as general secretary of the party and that might be answered for at least, may not be answered for one or two years. one thing we can say about xi jinping it will be a vastly superior representative of china on the world stage than huh engine too his predecessor, he also zoomed seemed to hav

. >> richard mcgregor says the challenge of america is that it needs to be more like america and not chine a. the other countries are copying what we did. we would have strong investment in the work force. >> why did we turn away from it? >> in the 1880s you had a sense of -- for all those who say don't let america become like europe they quote for a radical ideology of no government intervention and that hasn't been america's huftry. we need to tell the proper story that even president reagan invested in a government program to help small and medium sized businesses cop -- compete. >> if the u.s. is not in the game we are aiding and abetting the decision of manufacturers to go offshore and facilitating the loss of jobs. do republicans step up to be able to provide the incentives that are necessary? >> republicans should look at their own history. president reagan cared deeply about the steel and autoindustry. >> i have to ask you one more question. are you going to run for office? >> yes. >> what office? >> congress and if i could be haf as successful as your public service career.