education, et cetera, that s the base argument behind tax cuts, money printing at the federal reserve, stimulus money. i don t care where you get the money from. and at the same time, we never see any real debate about the fact that we do have rig trade, that we do have a financial system that is not incentivized to drive lending in our country. so the only reason why you would create that money would to be try to solve the problem which is lack of investment, lack of innovation, and no one seems to be having that conversation. well, it does need to be had. you re right. but right now we need the economic certainty. the businesses small and big, mom and pop to the biggest corporations we have, they don t know what their taxes are going to be even 45 days from now. that uncertainty makes capital resistant to make investment. until it makes that investment, we ll have stagnant unemployment rates which are just totally up
costs. insurance premiums are rising very rapidly. co-pays are rising very rapidly. as a consequence, businesses are reluctant to invest where they need lots of workers because they don t want to make that commitment on health care. if we look at the cost of energy today, across 109 here in the states, rapidly pushing towards 125 in london, we talked so much in the last conversation last month when we were in california, port of oakland, of the chinese, trade side of the equation with the rig trade with china, other half of the equation really goes to the importing and dependence and the strategic importance of oil. we had a town hall last night here at osu that was a really an incredible response and crowd but i do want to play a little bit of boone pickens thoughts of trade and energy and get your thoughts. when they come back and the
one of our nation s most pressing issues. our trade deficit. good afternoon, to you. i am dylan ratigan and right now we re bleeding money, talent and we re bleeding jobs as a nation. for every 78 cents that we earn, selling americanmade goods we send a dollar out of our country buying goods from overseas.รง the bulk of those goods come from china, and in that specific relationship we only get 1/4, 25 cents for every dollar that americans send to china in trade. the dirty little secret? that american multinational companies are profiting handsomely from the rig trade relationship with that country and use those dollars to lobby. the u.s. government to keep it that way. the flow of goods here in oakland, a good example of this issue. in 2010, the value of goods imported through the port was