chinese government. we re giving you this platform. you know, you hosted president obama for a state dinner back in beijing in china a year ago. so this is the return gift. other than that you re not hearing about any major breakthroughs, they deliverables, that word that you hear thrown around during diplomatic meetings. you re not hearing talk of any of that. they re trying to say this is just a continuation of the dialogue, the eighth meeting between president obama and president hu. and it s just keeping this constant conversation going with the chinese government, rather than trying to raise expectations for something big. yes. one problem that both leaders share, chuck, whether it s president hu or president obama, is in america, concern not only with poverty but widespread and increasing unemployment, some would point to trade policies as having created that in this country and in china, concern about poverty and lack of mobility as well.
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united states. now, you will notice president bush did not offer him a state dinner. frankly, i m a little i don t understand the thinking behind the president obama giving president hu jintao a state dinner. bill: i will tell you why. they signed a 45 billion-dollar export deal. no, no, no. bill: going to lead to 235 jobs in the u.s.a. that s why he gave him a state dinner. first of all, the chinese the chinese periodically pop up and buy american goods. they timed, this look, think about. this i gave you the numbers earlier. $334 billion of imports from china and $2 billion of exports. so the $45 billion in purchases which will take years and years and years to make, represent 20% of our deficit with china last year. when they get american dollars, they have to buy something with them and why not buy those take those dollars and recycle them by making purchases? that s not a reason to give the president of china a state dinner. this is a you know, look, this is a big