THE COMMUNIST PARTY CONFERENCE CONGRESS THIS FALL?
CONGRESS THIS FALL?
>> WE SHOULD INTO HAS NOTHING TO
DO WHAT’S GOING ON WITH THE
UNITED STATES OR TAIWAN.
HAS EVERYTHING TO DO WITH WHAT’S
GOING ON IN CHINA AT THE PARTY
CONGRESS IT WILL REAFFIRM HIS
LEADERSHIP IN THE CHINESE
COMMUNIST PARTY WHICH CONTROLS
THE GOVERNMENT AND EVERYTHING IN
CHINA.
TO GET A FOCUS ON TWO ISSUES.
ONE IS TAIWAN BECAUSE THIS IS A
NATIONALIST ISSUE FOR THE
CHINESE AND SO STRATEGICALLY
IMPORTANT THAT THEY WANT TO
DEMONSTRATE THE CHINESE PEOPLE
WE WILL FIGHT TO GET TAIWAN
BACK.
THE ECONOMY IS HAVING REAL
ISSUES IN REAL ESTATE,
BANKING’S, GETTING E LISTED
CHINESE PEOPLE GETTING CONCERNED
HOARDING MONEY ON SAVINGS.
THEY WILL BE STRONGER THE
ECONOMY AND STRONG ON TAIWAN.
IF THEY DO THE MILITARY
OPERATION AGAINST TAIWAN IF YOU
LOOK AT ALL THE ECONOMIST DATA
IT WOULD BE DEVASTATING TO THE
CHINESE ECONOMY IS.
THE ONE THING THAT THEY CAN AFFORD NOW IS ANOTHER MASSIVE
AFFORD NOW IS ANOTHER MASSIVE
SHOCK TO THE ECONOMY THEY WANT
TO BLUSTER ABOUT TAIWAN AND THEY
WANT TO FIX THE ECONOMY THAT’S
THE MAIN MESSAGE.
IRONICALLY THEY HAVE A BETTER
MESSAGE THEN WE HAVE FOR OURS,
WORKING TO PROTECT STUFF THAT
THEY THINK IS OURS AND WE’RE
GOING TO MAKE THE ECONOMY
BETTER.
BIDEN IS SAYING WE CAN HAVE AN
OPEN BORDER AND I’M NOT REALLY
INTERESTED IN THEIR REALLY
DIFFERENT INNER INTEREST.
DAGEN: I THINK PRESIDENT BIDEN
IS INCAPABLE OF TRULY PREPARING
THE AMERICAN PEOPLE FOR WHAT I
WOULD CALL FINANCIAL WORKTIME
AND SACRIFICE.
IF YOU REALLY WANT TO TAKE ON
CHINA YOU HAVE TO COMMUNICATE TO
THE AMERICAN PEOPLE WE’RE GOING
TO HAVE TO LIVE WITH LESS AND
WE’RE GOING TO NEED TO HUNKER
DOWN.
CHINA IN SOME WAYS IS PREPARING
FOR THAT.
THE FIRST TIME IN 12 YEARS THE
AMOUNT OF DEBT THAT CHINA IS
HOLDING FALLING BELOW
$1 TRILLION THAT HAPPENED A FEW
MONTHS AGO BUT IF WE ARE WELL
PREPARED FOR AN IMPENDING
CONFLICT, A FINANCIAL ECONOMIC
CONFLICT WITH CHINA YOU NEED TO
EMBRACE THE AMERICAN PEOPLE FOR
THAT INVITING IS NOT CAPABLE.
>> I THINK WE CAN DO LIKE WE DID
WITH THE COLD WAR WE CAN
CONFRONT AN EXPERT ESSENTIAL
ENEMY AT THE SAME TIME GROW,
STRENGTHEN AND PROSPER WE HAVE
TO BE SMART WE’VE BEEN DOING
STUPID RISK ASSESSMENT FOR TWO
DECADES OF BEING OVERLY ENGAGED
INDEPENDENT OF THE CHINESE
ECONOMY EVEN AS THE RISKS AND
UNDERSTANDING THAT CHINA DOES
WANT A WORLD WITHOUT AMERICA
THAT WE IGNORE THAT AND WE HAVE
TO REVERSE THAT PROCESS AND I
THINK OUR ECONOMY CAN GROW AND
PROSPER.
WHEN WE DISENGAGE FROM THE
CHINESE ECONOMY IN THE LONG TERM
THEY WILL SUFFER BUT YOU DON’T
HAVE TO PICK HIM PRESIDENT BIDEN
I’M NOT EVEN POLITICAL BUT WHEN
YOU SAY WE HAVE TO HAVE A GREEN
NEW DEAL AND HAVE SOLAR PANELS
THAT CAN MAKE US WERE DEPEND ON
CHINA, THERE ECONOMY IS WAY
DIRTIER AND THE PRODUCING SOLAR
PANELS WITH SLAVE LABOR THAT IS
NOT THE RIGHT WAY TO GET THE
AMERICAN ECONOMY READY TO
COMPETE OVER THE LONG-TERM.
DAGEN: YOU ARE RIGHT, TO BE FAIR
IT IS NOT JUST PRESIDENT BIDEN
IN THE LAST 20 OR SO YEARS WE
BECOME A BAILOUT NATION THAT IF
ANYTHING HAPPENS TO ANYBODY ANY
GROUP LIKE THE SEMICONDUCTOR
INDUSTRY THEY GET WELFARE THEY
GET A HANDOUT, THEY GET A CHECK.
AND WE CAN’T DO THAT FOR TO BE
FINANCIALLY SOUND AND TAKE ON
NATIONS THAT WANT TO DESTROY US.
MAYBE NOT LITERALLY BUT
FINANCIALLY.
THAT’S PART OF THE PROBLEM LOOK
AT THE SEMICONDUCTOR BILL.
THIS IS AN INDUSTRY WITH HIGH
MARGIN, RICH INDUSTRY, VERY
LUCRATIVE IN THAT INDUSTRY GOT
BOONDOGGLE $300 BILLION IT IS
ABSURD.
>> THAT’S A REALLY STRONG POINT.
WERE KNOCKING TO COMPETE WITH
CHINA BY USING CHINA AS AN
EXCUSE TO DO POLITICAL THINGS
AND GIVEAWAYS.
THE CHIPSETS ARE REALLY BAD
PRECEDENT OF INDUSTRIAL POLICY
ALL YOU HAVE TO DO IS SAY CHINA
BAD AND WILL WRITE A MASSIVE
CHECK AND IT DOESN’T GET TO THE
CORE ISSUE OF HOW DO WE COMPETE
BETTER AND IMPROVE THE
PROSPERITY FOR EVERYDAY
AMERICANS AND MAKE SURE CHINA
CANNOT HURT THE U.S. ECONOMY.
WE HAVE TO TAKE THIS SERIOUSLY
AND I’M AFRAID THE CHIPS BILL
SHOWS THIS ADMINISTRATION IS
EXACTLY NOT DOING THAT.
DAGEN: IN THE 17 REPUBLICANS WHO
SIGNED ON IN THE SENATE.
15 ARE NOT UP FOR REELECTION.