china. my word. how much more do these people want at this point? just on the first 11 months of 2021, we bought almost $457 billion worth of goods from china but apparently that is not enough. for years, elites in both parties have attacked anyone who questioned using tariffs or any other policy to move supply chains out of china. you mention china. do you think the time has come to begin lifting some of the tariffs on chinese imports or is there a need for china to make do on some of its commitments in the phase one agreement? laura: indeed, americans should note that a bipartisan group of senators actually wants more chinese solar panels to be sold in the u.s. so both destroying our oil and gas sector and giving the chinese an edge on green power. that is great. fifth, the media have attacked
the big five tech companies apple, amazon, facebook, google, microsoft have $457 billion in overseas subsidiaries. if you bring it all back stateside incentive spending 159 billion in taxes, the tariff is only 70 billion. that s 89 billion in added profit. now you know why during the third quarter of this year the tech company spent 25% more on lobbying than they did during the second quarter. listen to how the president sold this last week. you look at the great companies, apple and so many others. they have billions of dollars overseas that they want to bring back. now they are going to be able to bring it back and they will be spending that money right here and there will be jobs and other good things. it might be the other way around. might be lots of good things and then jobs. in 2004 when george w. bush had
the big five tech companies apple, amazon, facebook, google, microsoft have $457 billion in overseas subsidiaries. if you bring it all back stateside incentive spending 159 billion in taxes, the tariff is only 70 billion. that s 89 billion in added profit. now you know why during the third quarter of this year the tech company spent 25% more on lobbying than they did during the second quarter. listen to how the president sold this last week. you look at the great companies, apple and so many others. they have billions of dollars overseas that they want to bring back. now they are going to be able to bring it back and they will be spending that money right here and there will be jobs and other good things. it might be the other way around. might be lots of good things and then jobs. in 2004 when george w. bush had
rating. a gallup poll with disapproval of government at 81%. just came off a midterm election, biggest in 70 years, the numbers don t look for the president, and tim geithner is defending the cost by a harvard economist that this jobs program he s advocating, we re paying $200,000 per job, karl. yeah. and look, i mean, that s the one-year cost to the job. i mean, how much is it going to cost to sustain that job next year if it s dependent on government money for its creation and sustenance? look, we tried this. we can t spend our way to prosperity. we did this in 2009 with an $862 billion stimulus bill. it s not worked. what makes us think that a $457 billion stimulus bill is going to work this year? the country is coming out
rating. a gallup poll with disapproval of government at 81%. just came off a midterm election, biggest in 70 years, the numbers don t look for the president, and tim geithner is defending the cost by a harvard economist that this jobs program he s advocating, we re paying $200,000 per job, karl. yeah. and look, i mean, that s the one-year cost to the job. i mean, how much is it going to cost to sustain that job next year if it s dependent on government money for its creation and sustenance? look, we tried this. we can t spend our way to prosperity. we did this in 2009 with an $862 billion stimulus bill. it s not worked. what makes us think that a $457 billion stimulus bill is going to work this year? the country is coming out