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Former democratic senator from Delaware Ted Kaufman to talk about this very subject senator is always a pleasure to see you.
Talk about a foreign companies actually moving some production to this country.
I am a recent article that you ride you're talking about -- and Rolls Royce to name two -- and it's not just for domestic.
Demand it is to actually export to other nations connect continue and really bring down our jobless rate.
Absolutely can continue -- again there's there's a report that was done by the Boston Consulting Group which is a first class operation in 2011.
Had to go back and look at and I recommend everybody does.
You can say that they projected manufacturing cost the United States will be competitive with -- manufacturing costs in China they predicted in five years.
But looks like it's happening a lot faster.
What do you think that we -- speeded up even more senator if we didn't have some of the regulatory burdens that we do in this country if it wasn't -- if -- tax laws were different.
But what else could we do what else could lawmakers do I'm serious to generate more arm had to make this country more.
You know day in the reason I'm smiling is because I was on a panel with the head of one of armor the head of research -- -- our big companies and he was talking about how.
Doing business in China was just such a regulatory settlement -- regulatory.
That we -- to do those kind of things you look at China where they have a food supply that nobody can trust.
You see the the the different things that they they put in they have no regulations American businesses are leaving China.
Because of the fact they don't have a rule law so I think we there's a lot of things Reagan do we always have to be looking to regulations we should not be over regulating.
But I -- this thing is just let -- wonderful.
System the United States work we've got a free enterprise system we have innovations -- China just does not have.
We have real laws in place to make sure that we don't do things like what happens with China.
With food and what other products.
Over there are so I think we just have to you -- our free enterprise system the system work and and will will be doing just real will be doing well.
What really quickly senator what about -- on the flip side though do we need to worry about China's -- and we can yes -- do.
Yes we do I mean they they say they need 8% growth to maintain their stability -- now forecast there -- 7% -- -- I think it was march.
This is not good Sosa and China is a very China US relations -- -- incredibly complex.
And one of the things is if they go into recession is really gonna hurt us too so it's very complicated -- and I hope the president the president -- can get together and deal with some of these other issues like North Korea and.
I ran in those kinds of issues but -- really got to deal is economic issues that cyber espionage the list goes on senator great seeing that -- -- I always a pleasure I mignon but it's -- home thanks to thank you for them.
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