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Finding a new effort to -- set the tone with China President Obama earlier today called for cooperation and understanding.
Between the two nations during a meeting with China's vice president.
Our president also addressing our trade deficit with China it exports are more to America.
Then we -- to them and that's been an ongoing going source of contention.
Last year the US trade deficit with China hit nearly 300 billion dollars in other words we Biden more 300 billion dollars more worth of goods from them than they do for -- month.
That's up eight point 2% from the previous year's all time high when China overtook Japan as the world's second largest economy.
My next guest says the White House has no business ruling out the red carpet for China.
Michael Reagan is chairman of the Reagan group in a political consultant Michael thank you for being here.
Why -- why shouldn't we eat and what choice do we have given the amount of debt cars they own.
It is it medication you after what choice -- we have we put ourselves in this position to roll out -- red carpet for a country that undervalued compared.
Dollar if you will which.
Takes care of our dollar devalues our currency.
Hacking into our computer systems -- voting against us the UN Security Council nobody seems to pay a price with this administration of doing anything.
Against the United States of America.
And they've got to be just happier than hell the fact that we're at this point cutting our defense spending by 500 billion dollars while they are going out.
And building up they're defenses and helping other countries like North Korea.
Syria Iran and others build their defense capabilities and offensive capabilities.
And basically one of the problems that we're facing the China is you know that you talk about devaluing their currency it's -- I think American jobs it's it's literally costing American jobs without that their failure.
To get real about their currency in the you know they're making things and and companies are buying things and -- and not here because it costs are artificially low over there.
Has tried to address at least the trade deficit problems with China I you heard -- -- capital hill testimony earlier about how we're not happy -- -- hacking us.
But given all these things weren't happy with them or Michael you know that they -- tell the UN resolution -- -- All the trade issues that we're talking about all the debt they hold.
Can we do anything about it that they -- it just seems like they have such a foothold a strangle hold -- -- given the debt.
Well they they haven't they -- a stranglehold because you know all they do is take what we give them.
If if our economies in the tank and we're running trillion dollar deficits every year who's -- the deficit.
The Chinese -- by the deficit.
That's exactly what they're doing the best way to stop him from doing these things it could get our economy back rolling again.
-- start creating jobs United States of America make it easier for corporations to do business here instead of over there when I look at this I write about this in my book Megan.
New Reagan revolution.
It seems only people learn from what Ronald Reagan did -- -- the Soviet Union.
Was -- Soviet -- the Russians.
And the Chinese one Reagan knew the Soviets would come to the table.
Because he was evaluated -- -- with the same time at talking tough about the evil empire he made a deal with us.
What these saudis in fact the depicting oil and actually undermine your economy -- remember Mikhail Gorbachev coming to me one time and I and I said -- how.
How bad was -- -- In the Soviet Union.
Macau and he's all that.
Is that it was so bad I had to appoint a czar apparently arose because the women of Russia couldn't -- would fight any of those on the shelves.
And you've never seen a mad Russian woman told they can't find -- -- I don't exactly what the Chinese are doing to us by devaluing their money.
Taking our currency and having -- worried is today.
They are doing to America -- Ronald Reagan did to the Soviet bloc to bring them to their knees and this administration.
Better wake up to a -- that.
-- -- to bring them to their knees because President Obama wasn't quite on his knees they certainly got a lot of -- After the Chinese -- -- visited America back in 2010 is April 2010 and he back out.
And this is a big deal when he is in particular when you're dealing with Asian leaders who bows to home.
How deep is the bow usually the more powerful person is not doing the vowing they say and certainly on American territory.
He got criticized for being for the American president vowing to the Chinese president is when you can do the Chinese president is standing up right.
The reason people thought this is relevant because they thought it.
Spoke to a larger problem between our country and China's Michael.
Well there is a large problem between our country and and in fact China and perhaps you're right about the -- I mean I have a lot of friends in the Chinese community here in Los Angeles the fact is they return back.
Respect as I returned about.
If I don't return the -- that -- another sign.
And this you know when he was there what the president and I think the president was -- -- -- return of -- that point of -- United States.
Mean how we've pretty low on the lower you go.
The more respect you have for that position and the more you show that they are in the powerful position to you.
-- United States need to understand.
He -- the president and I think America the most important and most powerful man in the United States in the world and how did this president is quite figured that one out yet.
And they better figured out pretty soon because we're going the -- of Greece and we're getting -- at light speed.
It given the fact that there they're hacking asked the hacking major American corporations and Nortel had a bunch of problems after they -- -- them allegedly there that had hearings on Capitol Hill over that.
You know that the the veto of the UN resolution condemning Syria's massacre of -- -- people just happened last weekend.
Should we be doing all this with the with the Chinese vice president coming over here meeting with President Obama.
-- vice president Joseph Biden meeting with Hillary Clinton meeting with GOP -- other congressional leaders on Wednesday I mean it's it's an all access -- It's an all access tour it's interesting.
How Netanyahu street just a few years ago president I think think he turned his back and Netanyahu why do we treat Israel with disdain.
And others those -- may not be -- friendly to us in fact week.
Roll out the red carpet for.
And the world understands and knows that I think we have a very weak president.
Back in Washington DC and in this president if he doesn't strengthen himself -- if he doesn't take over the presidency and all it.
That in fact Chinese will -- the White House.
Israel doesn't own a trillion dollars -- our debt and that's that's been a problem for.
A couple of presidents now Michael thank you.
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