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absolutely. it s no trick to double your exports in a five-year upswing. the trick is to double your exports without doubling your imports. you know, if exports go up by a trillion, imports go up by two trillion, it s still going to be, you know, millions of jobs lost net. you know, it s no good to create one new export job to lose four new jobs to imports. no, this president talks a good game on trade, but frankly, he plays like the toledo mudhens in this arena. but you were critical of the last administration on trade, as well, right? am i right? absolutely. this is essentially a continuation of the bush policy on trade. all right. that s my problem with the obama administration. peter morici, professor, university of maryland business school, who is a bipartisan critic of trade policies in this country. peter, thank you so much. have a great weekend. take care. the fallout over toyota. why some are predicting a recall mania and whether that s good for us, next. [ fem ....
I want you to listen to what the president said and tell me, do you think he can do it with the policies that you ve seen? let s listen. we can t be satisfied with being number one right now. we shouldn t assume that our leadership is guaranteed. when other markets are growing and other nations are competing, we ve got to get even better. we need to secure our companies a level playing field, guarantee american workers a fair shake. in other words, we need to up our game. peter, if we up other game and double our exports, china triples its, don t we still have the same trade problems? absolutely. it s no trick 20 double your exports in a five-year upswing. the trick is to double your exports without doubling imbortz. exports go up by a trillion, imports go up by 2 trillion, it s still going to be millions of jobs lost net. you know, it s no good to create one new export job to lose four new jobs to imports. no. ....