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Morning you know I've been doing this before you'll once on how all how long you've been doing -- -- while long time now would you commit to doing it everywhere imminent.
What every time we hear about.
China -- have these misconceptions about China day -- stay on our economy sure I got a couple facts is gonna open optimize and these are real proven facts cleared up.
Because I don't sort everything's made in China the fact is just two point 7%.
Of the personal consumption expenditures.
Go to Chinese made products.
And services 88 point 5%.
Of US consumer spending.
Is American made -- you gonna go -- -- way to get those numbers from now let's take Wal-Mart for example.
Two point 260.
Billion dollars UUS revenue.
Is it reflective of the fourteen point five trillion dollars while the economy.
And you know what you sees little mic that's made in China that's about it so what is yet again this big consumer expenditure survey in 2010.
The average American spent 3334%.
Of their income on housing.
13% -- -- eleven on insurance and pensions seven on help and to one education.
These categories along make up nearly 70%.
Of the total spending.
And -- comp compromise.
Every American that's the percentage Americans -- spending.
7% of the food.
Is import it according to USDA program you are looking at physical goods Chinese imports still account for small fraction.
-- Wall wall wall -- -- dog -- -- you know really needs like food clothing and toys.
-- in the USA.
Are made in China 76%.
The -- -- the US would durable goods and things like caused no furniture of 12% made in China.
66 point 6% -- America.
Another way to -- this.
The US is on track to employ more.
But do you -- me off I want to know I can't I don't think now got me look you can't be looking into all the way it -- what are you getting.
Are -- I'm -- at this America US is -- track to import three.
140 billion worth to goods from China the -- are which is 2.3 percent.
All -- total fourteen point five trillion economy you look at me sideways but what the.
Giving you for actually audible that's -- points up and LC something else bought it admit that went above that -- They're not the problem is when guys like -- -- units did read that stuff you don't stated.
State steel for example right in 1950 United States Steel had 30000 workers -- and they made six.
Million tons of steel ya -- make -- seven point five million.
And -- what did don't know -- 6000 work is its technology.
To an uncle.
And we know that we should.
Wanna use but -- about.
-- object -- -- -- -- -- about thirty sessions following answer question how much of the oil is consumed in the Middle East that we reported to United States although all the Abbott Abbott -- guys did they got us why didn't we get all -- oil for the how much good how much what's -- management here.
Ages nine point 2% import all the oil consume.
Now this front units from the Middle East here's an idea yet our football oil comes from Mexico Russia and Canada right now 49%.
-- -- from the united states of our America.
These numbers because -- Washington they make you fear everything debts so -- It's so bad they -- all balanced as far as -- up pensions stop and listen -- on.
-- -- -- -- -- -- -- -- -- What -- I mean -- -- bigger bright crystal angry.
Angry why discriminate all okay how much debt.
Do we -- I don't terrible.
When are correction.
One -- over a trillion dollars.
-- wanna talk about something else we're trying to do the following what other stuff important it is to the point.
What is the point that do what's the point body thinks that the it is still grim and grew up when we're we're gonna get your triggers the debt where did you get your -- on the United States government a block.
Away the senator -- Doug you really.
Profit only person was aware of the triggers.
If you're aware of and you must have got him some more.
Remarks on on yeah.
-- -- The generic answer -- you got the figures from from the united state what is yeah.
And our interpretation of them is insane he hasn't in unison -- you know in years.
Do you know how -- your point.
The debt that we have to China it's like one point two trillion trillion outside that's at a fourteen trillion -- what would that said you know -- a big instead is to the United Kingdom.
And to what other country -- balky.
Funds and what other country besides the united -- them.
How about Japan is -- -- that we don't want to acquire -- market always support him outside aren't.
Because it was -- -- -- -- who has read.
All that they wanted to digest its safest of sloppy it you know a good spreads of the big -- -- we told golf equipment at at at -- -- stated.
You don't want when you look at these things on at the record stores have been America.
There's a host of -- you'll love it but I -- -- ended up.
I can I -- I don't have been very had been O'Donnell do do you know hundred level.
Weatherman would dissolve them Don Don Don and he's all got a bold come in particular -- -- -- -- -- done -- before assuming that was on doing this morning when you got government would -- Lopez habitation that you mob.
The -- which is the government won't sports of the world affairs that'll be perfect you know what if you cracked my handle.
At all -- is a lot helping make our express myself properly but there's digest -- -- a lot of stuff parliament even -- balance sheet.
-- people out Justin is a girl with justice -- said you're an even woman balance this.
Just this area has -- skills aren't.
The -- goes up and down she's got a blindfold on and note that means on what -- -- -- -- -- he's -- afraid of real scoop on Paper that's all idea I was not a -- way.
Evaluate what justice and justice means it's -- skills on in the -- too much on one side.
You got to bring it down it -- more weight to audience like to balance it out on your comments -- have a sign on your answer even imbalance Paula you -- what college go to -- while want to Fordham you know.
Rob -- -- I was -- -- I went to east column that -- Stuyvesant involved but I -- from the street learn about how the I learned about crime and I learned about black complex -- About every Dicks son that's a doctor to street you -- stupid.
You gotta look from real life adventures learn how it's all about school heart and arteries and wonder why and -- no one wanted it push you don't want on the joint unrated when I'm.
And this stuff and hard -- -- -- -- learning and talent -- oil.
Is a question.
How much oil reserves do we have in the -- adults and Rocky Mount.
Any one actor Mohamed who.
He does at beginning of two trillion.
Barrels of oil and Rocky Mountains in the book and you have another at least.
Fifteen trillion -- fifteen billion barrels.
Trying to say is.
We only take a small amount from the from the Persian gulf aren't -- isn't what -- Canada.
And Mexico that's a very dependent -- -- the people don't realize.
Meantime what do these Abbott Abbott -- get shadow would have everybody gets and I think the the fact is we don't have the where it -- all.
Followed kitchen bird loving guys like you heard what I don't have may well happen.
I -- birds we've got to put some beautiful oil refinery to exhibit -- to go but there won't won't -- and make it look like -- And permanent rocked it out at it tell that -- -- there -- they -- We could build oil drill oil in the -- moms -- how much like 3COM.
Like street and then don't we got -- don't want to have not a body and.
America be strong again because Washington all tells you all the gloom -- -- -- not a got a couple battery -- would cause.
What you don't -- the cost to insure that they where they get a hundred miles a gallon.
Yeah federal law let let Detroit but he's -- we -- make it without technology.
You'll oil opened yet don't we do about these fortune -- aren't announced killed 100.
When reasonable room you know the -- and.
And hot dogs and everything else to win milk nobody should think about -- Windmills chop it up condos and -- -- up.
Right and you got -- -- every -- All told and I -- message to condors and eagle detail on the way off out of that zone.
I did a lot of pleasure of the flying get a hold my hair off a battery -- -- we got -- because -- -- to a forty month.
My batteries out.
-- with this stuff.
-- Our moderate with the greatest country in the world let's become self sufficient when we don't have to -- -- book.
Killed -- -- yeah our guys out of Saudi Arabia get guys all added there.
Our troops but I do -- -- Afghanistan.
I cried blitzer host -- -- nobody -- -- get the hell out of there let's get back to America and have become self sufficient -- what are the oil edged up to kiss and yet what --
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