ask yourself, what if it s worse it s cheaper, they ship it over, but it s no good. the fact is, we have a pretty high level of demand. our exports have been growing on a path to double about every 5 to 6 years, over the last couple of years here. it s what we should have been doing in the 2000s, when a lot of nations we compete against were doing, growing their exports and their investments. and we weren t. so we had a shi to doing that. greta: okay. let me go to germany, the most robust economy in europe. germany is beginning to feel the pain from its relationship with all the other countries. even a successful manufacturing country is feeling the pain. what is germany going to do in light of its problems because their problems are going to infect them? you are on to something here, greta. the problems of europe are
of rules. greta: is it that the laws are not there? are the proscoordinates not sophisticated? or nobody cares? i think it might be a combination of all of those things. there are a lot of people that care. but, you know, the combination. we saw a huge diversion of law enforcement resources away from white-collar crime to counter terrorism, understandably after 9/11. and there is in an experience gap in complicated accounting fraud. i banged my head on the wall, trying to get the cases charged. i can t say i am surprised. greta: i read all about it in the book, bailout. it s a great book. but a little shocking. thank you. thanks for having me. greta: straight ahead, the u.s. is facing crushing debt and the unemployment rate is above 8%. why isn t the economy getting any better, any faster isn t former barack obama counsel
greta: president obama has made lots of promises about the economy. he promised to cut the deficit in half and keep the unemployment rate below 8%. but right now, the unemployment rate is 8.3% and the country is facing crushing debt. great to see you, greta. greta: okay, austin. what would you do? how do we rev up the economy to get it more aggressive? more robust? what would you like to do? what we have to do as an economy and it is not something that is driven by washington, it is driven by the private sector, we have to shift from building houses and consuming more than we are earning, which is what drove the growth in the 2000s, we have to have more manufacturing, investments and investment, stuff that s sustainable. there are a number of policies
we didn t know anything about it. my manager was told that. this gentleman was doing a survey on riot door, the security doors that come down around the store and encase it when he are closed. she didn t think much about it. a month later, i got a call from an employee who said, you are in an obama commercial. i thought, oh, no. this business has been nonpartisan for 16 years, greta. we have made it not to talk politics with our customer base because that s wh not what we are selling. we are a small specialty cheese and meat store. it is not a political platform. greta: now, as i understand it, this footage of this store, it is stock footage, the campaign didn t shoot it. somebody else shot it and gave
what our job was, which was to shine a light and bring transparents nea lot of areas that frankly, the government special wall street wanted to keep dark basically concepts like what happened to the t.a.r.p. mony? we hit huge, huge resistance. greta: the discussion of the bank bailout in the book is when you wanted to fwiend out what the banks were doing with the money, were they lending the money? and nobody wanted to get on the same page with and you find out. no. i mean, we had all of these repetitions of these arguements made by the banks themselves, that it couldn t be done t. wasn t possible. as i pushed this i consulted accountant friends and economists to demonstrate that it could be done. the push-back was amazing. i was told i was stupid. i was told if i punish pushed this, i would bring down the banking system. eventually, i was confronted by secretary geithner in a tirade when i suggested that not being transparent was going to harm