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Detailed text transcripts for TV channel - MSNBC - 20111003:20:34:00

let s get serious aboutll. and peter navar is author of death by china, a fantastic book title, if nothing else, peter. and surely it s more than that. you call this the let s get serious about china bill, professor. why? the important thing is that china really has been sucking the united states dry of jobs. when i was practicing law in china, my u.s. manufacturing clients would take days and argue over pennies on unit prices. and now china has a currency that is maybe 35% undervalued. that means the loss of hundreds of thousands, if not millions of american jobs. some people say 2.8 million jobs. the fact of the matter, though, peter, is that there s been a great economic benefit to a small group of american-based special interests, who have invested in china and are benefiting from this. it s not china in washington, d.c., lobbying our government, it s american ceos and american interests lobbying our government to maintain this apparatus. ....

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