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Big news on the economy.
It is shrinking it is the first time we've seen that since 2009.
So you hear the question everywhere that all we headed into another recession.
Joining us now adults from usually people requires great big -- -- the introduction but Donald does not so welcome to the program go to.
Thank you -- concern has to be -- you.
All we have had for a recess as well I don't know you mentioned FaceBook just before I came on and I brought a lot of FaceBook gets sixteen and now it's heading -- -- so I don't know -- sixteen it sounded good at forty it wasn't looking so good.
And I'm not much of the stock pick a letter to -- -- a -- but it just sounded like a good bargain and but that's sort of an indication of what's going on of the world I I sort of numbers from yesterday.
Where we're going down.
And that is not a good number I mean you know we can grow out of all of -- We can grow out of the unemployment which grew out of everything if we -- an economy that was really churning ball but yesterday's number was Gerald.
I think the president's basic policy of more government spending is wrong what he -- Well I agree with that I mean you have to do it from the private sector -- job creators and if you're not gonna do it that way but it's.
It's very tossed when China is taking our business went.
All of these other countries just laughing at us -- -- -- business you know you look at what's being made in this country compared to over there.
And now they say that China's booming again wealth questionable legally buy all their products and I'd buy their products also because they manipulate their currency -- that make it very.
-- and if not impossible.
For United States companies to compete.
So I you know what I built a building I go out and try to sit.
And I'd buy Chinese products -- -- manipulate the hell out of their currency.
So it's very hard to sort of slight get this country going.
If people forced to go to -- -- buy products.
I don't understand why President Obama doesn't take a -- must stand against China because I think it would be politically popular.
-- but he doesn't.
That's why not well I have two things I don't understand why he doesn't allow us to drill why he doesn't allow -- to grab all of that energy that frankly over the last four or five years through technology we found at we have that we -- -- we -- That would be number one had also why he doesn't take a stance against China.
And I have a great relationship with China it's actually business week magazine did something what which is addressing what are the Chinese want one of the top ten things anything trump.
Thank you wouldn't believe that but maybe their respect -- but anything trump.
And it sort of interest thing because frankly.
You know they just do not respect us they don't respect to our leaders and I'm amazed that.
Obama doesn't allow us to going to get our energy and so wouldn't get rid of -- -- act for change and tourists which you talked about the abuser of the greatest abuser goal is OPEC and the other is why they don't do something about China.
-- -- maybe it's because the Chinese have the money.
We want to borrow that money and if we -- anti China they wouldn't lend it to -- maybe -- If we turn things around we don't have to borrow the -- -- we've become a lender not a borrow would pay off that deficit so fast we would we would be a great country again.
Well I'm heading in the wrong direction at its you know -- suggesting in 2016.
They say which will be addressing because that'll be.
Obama's -- but it keeps going like this China will supersede us.
As a great.
Power as a great economic power -- also persist if somebody says this ten years ago it was unthinkable.
Yeah by 4060 base of precede us so that's a pretty -- back.
-- Donald we -- another report out just last week that said you were looking to buy the New York Times I'm hoping that's true.
I think a lot of people hoping -- surprise I -- -- and -- looked at the numbers.
They're numbers are amazingly bad you know they have a tremendous unfunded -- like I guess it's over a billion dollars they sold their headquarters building where I think it was a 175.
Billion dollars and the guy that bought it quite know very well flipped did a short time later some 500 million dollars.
The shape but what's the Boston Globe for a 1000000002 and they turn debt Jack Welch is 600 billion -- -- -- -- now it's worth.
He's sort of is it true all you looking at it so why look at everything and you know something happens it happens but it's it's a very -- of the you know they have to.
They have -- class a class B stock which makes it very tough.
You know a lot of those -- on just praying that one day mr.
Krugman reports to you we just left this very interest history -- but I would be really a lot of fun I pray that day comes soon.
-- -- reporting from very low.
-- -- from what a pleasure -- -- joining me very much -- gracious to Pharmacia so we'll.
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