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tv   Key Capitol Hill Hearings  CSPAN  September 24, 2015 2:00am-4:01am EDT

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means different things so they need to continue to work on those things but i do feel good of the of people that we haven't solved about that lovell of engagement and talking about that implementation plan to put the small teams together we have a couple of pilots showing great promise. . ., i would like to
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say that i draw a crowd, but my goodness gracious [applause]. i see a whole lotta trump out there. he can't hear you. i said i see a whole lotta trump out there [applause]. were going to have a good night tonight. i'm excited about tonight and the fact that we have amazing people running for the united states presidency. i'm excited about the fact we have a tractor to our party energy and enthusiasm and a lot of young people out in the audience today. i love it. i will tell you, i was at two
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high schools recently in the first two questions, now when you are in high school, you rarely have political questions. but two of the questions i received a few weeks ago was, they were about donald trump. then i knew, in fact, young people are being attracted to the political conversation because of the quality and strength of our candidates and donald trump is bringing a lot of folks. looking around a little bit. i'm excited about the night and i know you're excited about the night. you don't want to hear me pontificate any longer so all stop talking and introduce my special guest tonight. here's a guy who started in middle america and worked his way through his family business, took it over and added a little steroids to it. [laughter]
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i know we have some amazing folks running for president, but here's a person person who understands business. would you agree? [applause]. here's a guy that brings an independent spirit perspective to the political process. would you agree? that's welcome to the stage, donald trump [applause]. >> thank you. thank you tim, so much. thank you. your good man. good man. man. thank you tim. thank you very much. thank you. we just had an amazing day. i was in a different part of the state and we had some incredible people and i love the people of
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south carolina. [applause]. i have to show you, so just to tell you about the press. he knows about the press. tim knows. i was one of your first supporters ever. maybe your first. before he was, who knows, who knows, before he became this big shot. you know what, we are proud of tim. that i can tell you. [applause]. so we just got these phone number poll numbers. were doing great. 39%. second, i will tell you, they are 20 and they go down from there. we are doing very well. it was good call for the election tomorrow, in some places you can do that. let's do it. do it tomorrow. one of the. one of the other things i was explaining for tim, the big
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headline in florida, rubio, who by the way has the highest, the entire senate, maybe i'm not supposed to say this, but he missed more days than anyone else in the senate. rubio passes bush in florida. this is the headline. people are happy about that. i'm even happy about that. rubio passes bush in florida polls. i thought all that's too bad. i thought i'd do great in florida. but then i read the story. donald trump is leading. they don't even put me in the headline and i'm crushing it. you will all figure that out.
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the press is very dishonest, not all of it, but much of it. i just want to say it's an honor to be here. tim asked me to be and he's a special person and anytime he wants me to come to south carolina, i'm here. i mean it. [applause]. he's going to grill me now. am i supposed to make a speech, he said no and i said good, i like that better. i hope you not to be like mike wallace from the old days. let's sit down. thank you all very much. thank you for being here. >> we have some celebrities with us and i have my most important celebrities sitting in the front row. my mom is here with us tonight. >> beautiful. hello francis. >> she did a good job. look at the sky. >> as you know donald, the way this works is i asked questions from the audience members who
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submitted a question. my goal is to make sure we get as many questions as possible. were not were not looking for soundbites. we are looking for thorough answers. i'll start with a question from samantha bailey. she said other than immigration, when you you look at challenge we face in this country, what would be three other priorities you would have? >> okay. we have to get rid of at least some of the debt if not all. we are up are up to $19 trillion and we have a country -- i want to get rid of obamacare. i want to repeal it [applause]. and we want to replace it. we want to replace it with something terrific and we have a lot of options. there are so many options. i don't know if you see your premiums are going through the roof, right? they are going through the roof. they are up 40 - 50%. one person said to me 55%. the second thing would be we
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want to build up the military [applause]. as part of that, i said all the time, i think it will be my strength. everybody says jobs will be my strength and i think that will be. cnn did the pole and i was through the roof on jobs and leadership. a little bit less when it came to personality. can you believe that? but i said what said what difference does it make? we have to win. the military is important and taking care of our vets. [applause]. our vets are treated like third class citizens. the illegals that come in, the illegal immigrants, in many cases, you go go to california and they're getting driver's license, there be taken care of better than our vets. that will will not happen if i win. that i can tell you. >> there are so many people that have had the same question. i know there are similar
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questions on the issue of immigration. securing our borders without any question is one of your top parties you've talked about. i also went asked you, go into some depth about how you would secure the border. what are some things you would do to secure the border and what you think about our legal immigration question at. >> so this is one of my favorite questions because, if you remember, when, when i announced three months ago that i was running, i made statements and everyone thought it was wonderful but then a week later, rush limbaugh said nobody has ever received so much incoming. incoming needs the press. i brought up illegal immigration. it turned out i was right. you have so many problem and crime and you have so much. the woman in san francisco was such a shame. she was shot in the back five or six times.
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you have a woman two weeks ago in california was a 66-year-old veteran raped, sodomized and killed by the illegal immigrant. it's a horrible problem. you have the drugs flowing across the border and you have our money flowing out. we get the drugs, they get the money and frankly, i think, tim is bringing that up is the second question. a lot of times it's the first question, if i weren't involved in weren't in this campaign, if i were sitting in new york doing nothing right now which would be easy, a lot of people say why would he run? he has this nice life, but we want to make america great again. it's so important [applause]. i think if i didn't run you wouldn't need me asking the question in immigration cuts at the nobody was even thinking about it. we watch these politicians and
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they're all talk and no action. nothing would ever happen. believe me, we will have a strong border and a wall. not a wall that you buy a ladder and and you go over it. it's gonna be a wall and mexico is gonna pay for the wall. but believe me. mexico is going to pay for the wall. just to finish, i love mexico love mexico and i love the mexican people. the mexican leadership is to smart for our leadership. we have people who don't know what they are doing and we are going to have great negotiators that know what they are doing. working to make deals right now. i last some of my people, what is the trade deficit with mexico? it's like $45 billion. then to say, we can get them to
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pay for it, but we can get anybody in this audience as a messenger can do this. what's the trade deficit with china? it's almost $400 almost $400 billion a year. $400 billion. what's the deficit with japan? it's almost $70 billion. are we crazy? that won't happen with trump, believe me [applause]. >> jim are you here with us? jim has a question about energy. we are expensing some low prices but the fact of the matter is the average person in the country who are living close to her in poverty, the energy cost is about 20% of their paycheck. the question is, what would you do as president to manage our energy as a nation to make sure that we have responsible pricing and that the average person in the country can think less about
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the price of the pump? >> we can really be the energy capital of the world. we have so much technology. we have no idea we are sitting on the kind of resources that we are actually on. with proper work in proper -- i've been saying for a long time people heard me, when it was going at 100, it should be 30 or 25 or 40. that's what's going to turn out to be true. we had a case where hundreds of ship were out of c loaded up with oil and didn't know what to do with it. now what's happening is the opec is being broken up. the monopoly is broken up. we have to help people out. the people that really bear the brunt are the very poor people. i've heard numbers like 25 or 20%. one of the things we will do is get prices down even further.
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the oil companies won't be thrilled. lots of people will be thrilled in that business but energy should be coming down and i think it will. >> barry walker have very similar questions about how to make america great again economically. i know next thursday you are coming out with your plan from an economic perspective. if you were to give us a glimpse of what we can expect from trump in the white house by providing jobs to america, what what would that look like? >> my whole life i've been working to build a great company turnberry in scotland, trump tower, so many great assets. many many iconic and wonderful assets.
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i built a network that is over $10 billion with tremendous tremendous cash flow and very little debt. it has been amazing. i will tell you that other people have to go out. you need the american dream. i talk i talk about this all of the time. again, the press, i'm afraid i'm afraid to say and i never say the american dream is dead because they always cut me up. i always say the american dream is dead but were gonna make it bigger and better and stronger than ever. when my wife comes home she's very upset and i say what's wrong? she said you shouldn't say the american dream is dead. that's too that's too harsh. i didn't say that. i said the american dream is dead but were to make it bigger and better and stronger than ever.
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i turn on the television, tivo, it's nice to see what happened 20 minutes ago. i turn it on and it says trump, the american dream is dead and i get cut. i say wow, that's terrible. working to make the american dream. working to bring it back. working to bring it back. were to bring it back so people can dream again. i have so many people saying that you can't do this anymore. you can't build these great companies anymore. you can even build small businesses because of regulation. i can name hundreds of regulations that you have to go through to put up a house, let alone do a business. we can we can get rid of probably 75% of the regulations, and probably more than that. [applause]. so, we are going to bring the american dream back. were gonna create jobs because were taken back from china and japan and we are going to get along with china and japan. what people don't realize, we don't have our negotiators. we have people who are political hacks and people who gain contributions and get jobs in the government. i'm still funding by the way. i don't know if i get credit for
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that. i feel foolish. people want to give millions of dollars to my campaign but i'm not taking it. it's not the way my mind works. the guy wants to give me millions of dollars i should take it. i feel a little bit foolish. i don't know, i'm know, i'm self funding. i'm the only one self funding. i'm finding these packs, it's ridiculous. they're controlling the politicians. the packs are controlling the politicians. i think it's horrible. people are putting down money, in fact millions and they don't like trump. all these candidates paid for a pack and of course the candidate doesn't know about it. yeah right. they put their best friend in charge of their lawyer at in charge and i never ever speak. i have to tell you. it's disgraceful and they're breaking the laws. the packs are now controlling everything. the people who contribute to the packs are really on a razor
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edge. the candidates are are being controlled by the packs. i'm self funding funding. when i fly here i'm paying for it 100%. that's the way it is. i do say one thing, i always preface it by saying however i love -- i have a woman who contributed $7 and $.40 with a three-page letter. i love that. i have people who do contribute to my campaign. it's not a lot of money, but the worst i can do is send back small amounts of money. so we accept small amount of money because they're investing in the campaign and for the country
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they are thinking about the good of the donor, especially if there finished running for office again. [applause] so, i am the only person, the only one running to the best of my knowledge that is self funding, and that is the way i want to keep it. thank you. [applause] >> haley mitchum from spartanburg with the question. foreign policy and the failure of our foreign policy, the so-called redlined in syria meeting from behind.
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if my situation has contributed to the syrian refugee challenge that we have had. how would you address the syrian site refugee. >> can you imagine general macarthur, general patent, here is where going to do, in the case of syria whether to 1st of all your syria and russia going into syria in russia wanted to fight isys, the fight isys. let them fight them. russia wants to fight because they do not want my sis coming into russia. they have an obligation to fight them. the other thing you have a syria is our enemy.
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we are going and bombing syria. it almost say, isys, them fight, russia, the fight in 2003 or 2004 i was totally against killing. i'm going to have a military a military so strong no one will mess with us. nobody. but you have got to know when to use it in my not to use it. i said this big article, don't go into iraq, don't do it. you are making a mistake. if with the same in terms of
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strength, military. for years and years and years they fight. this way, this way, this way. now you have knocked the hell out of the rack and iran has taken over. pick up reuters, 2004. i set the following. said the following. if you destroy iraq, which you did. very weekend dishonest by the way that the government, no one even knows that they take the money and it is going to be a merger. we spent $2 trillion, thousands of lives lost's on both sides, and on the amount, thousands of american lives lost, and wounded warriors who i love all over the place. we have nothing, absolutely nothing. if you do this you will destabilize the middle east and he ran will take over. well, therethey are taking
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over the leftovers. it all came out of the rack. but then i asked these questions, what would you do command i am saying, i do not want the enemy -- you know the word unpredictable? someone wrote an article about me. oneme. one of my opponents said donald trump is totally unpredictable. it was meant to be a compliment because ii beat them on something. i love to win. don't we love that? anyway, i beat this group. a totally unpredictable person, but that is actually a great complement. you want to be unpredictable. if you don't want to be sitting your telling him to here is what i do. let them not know what you're going to do. i think that it is terrible, and here is what happens. and i get these lightweights like rubio. i don't want to tell too
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much. i don't want to tell too much. he has been saying he knows enough. he sits in the senate offices to this stuff all the time. ii am out and working at producing jobs and building a great company, but here is the thing, i don't want to talk too much about what ii am going to do. the press comes out and says, he was not specific. i was a good student. they talk about not specific. you don't want to be too specific. you don't want the enemy to hear what you are doing. when i see obama, when i see obama get up and say, here is what we are going to do, and they knock out a middle level accounting person. it is true, and i have a news conference.
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we knocked out some guy like it's the biggest thing in the world and everyone else runs recover. you don't want to talk about it. youit. you want to knockout 100 of them before you start talking. [applause] there is too much talk and not enough action. i think it is just pathetic. he is much smarter than any of these talking heads. 90 percent are morons. donald trump is short on policy. i don't want to talk about policy. speaking about policy how the putting up to five tax planning next week that will be a long great plan with a major reduction in taxes class. we have to help the middle class. we have to do it, and i think they will be helpful. helpful. the corporations will be
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happy and it will be a great plan for incentivizing people to go out of do a great job. you will see it sometime next week. >> you're talking that's diligence language. >> it will create great incentives and make everyone happy. some of my friends, some of my enemies. actually, you know the truth,truth, i think that they will end up doing better, to. everything will be better. we will produce jobs. i don't know if you know what corporate inversion is. is. you have companies that want
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to leave the us because taxes are too high. you're going to have a great plan. you have probably 2.1 to $2.5 trillion sitting outside, and they cannot get their money back because the taxes are too high. corporations have billions of dollars. it should be in this country , the companies cannot bring that money and, so they go out and leave the country to get their money and get lower taxes and lots of other things. the corporate inversion. you cannot put a law against it. the corporations will stay in this country, bring their money back and put it to work in this country, and it is so easy. democrats angry and republicans agree. they have beenthey have been talking about it for three years, and it never gets done.
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>> the value of repatriating $2$2 trillion is worth millions of jobs here at home. it is about time we got that done. >> and everyone agrees. [applause] >> i do think this, when you talk about the inversion, it is an important subject that does not sound exciting. you have major corporations looking to leave this country with thousands and thousands of jobs. they go to other places with corporate taxes are lawyer to have lower and have certain other advantages. we have to be smart and need someone great the our next president. thank you very much. [applause] we cannot lose those companies. >> curl handles and from charleston ask questions. we have a challenge with the size and scope of the federal government.
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there are so many departments that need to be scrutinized, epa, irs. one of the questions is, where would you start scrutinizing the agencies? can you name a couple? >> a couple of weeks ago they opened the doors and the rivers were destroyed. it was not even the people that did it. beautiful river turned golden yellow. it was the epa dictated. it would be one that what you certainly at a minimum cutting my back and get rid of intolerance, the department of education, a guy like bush likes common core. he wants your children in south carolina to be educated through washington, through the bureaucrats. you have nice people, but how can you vote for someone who believes in common core.
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i got iowa, new hampshire, south carolina, many places everybody agrees with me, and if you have this massive behemoth. you just cannot have it. it is ridiculous. local education with the parents can work with the teachers and principals. that is what it is all about. [applause] and by the way, we are ranked number 25 in one poll command 28 and another. wewe are number 28, behind third world countries on education, so you know that it is not working with a number one by a number. you double. please been the most per student by far and are
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number 25 and 28 in the various reading polls. it is crazy. [applause] >> kimberly ferguson from north augustine has real concerns with the effects of the iranian deal. how do you intend to help protect israel under a regime that is moving very quickly toward a nuclear bomb? >> the iranian deal is one of the worst contracts i have ever seen. it is the most incompetently drawn document i think i have ever seen. it is a one-way street that will lead to nuclear proliferation has sure as you are sitting there. it is a disgrace. in all fairness they don't
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even ask them. wethem. we can't do that because we do not want to complicate the deal. think about that. whom would you rather have negotiating? [applause] honestly, they asked. you guys did a bicycle race. the helmet, the whole deal. he is our 1st negotiator. i tell people, i promise if i am pres. i i will never go into a bicycle race. ii won't have time. i will be working. i will be working. there are a couple, that does not even start the clock. it just happened you would
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not know a damn thing. there are so many elements, it's sort of a clause that no one is understanding. if he ran get the text we have to help them. what if israel attacks them? this is the most incompetently agreement that anybody has ever seen. people protect israel. [applause] >> donald, you are alluding to section ten, but our responsibility is. i think that it is important to realize that the language of the iranian deal is ambiguous enough for the conclusion to be drawn that we may have a responsibility that we should not have and cannot have, especially when
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you think about israel as perhaps the best partner we have has a country. i think that your point is well said. >> it is not believable, but there is language in their in theory supposed to come to the defense of a ran. i like japan. of course it is totally unbalanced. we protect japan and everybody. they do nothing for us. if we get attacked japan has to do nothing. we are run like people have no clue. if we get attacked japan can watch it on television. by the way, we don't make them. but if japan gets attacked we must defend them. all of our views are like
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that. south korea, just ordered 4,000 television sets. they all come from south korea. it is a very big order with a lot of money. every time north korea opens , when you get out and start screaming, little angry that they can always start of the airplane, spend millions we get nothing. it's one thing if we are reimbursed, something has to happen. a horrible thing to ask for payment germany how many
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people say these things. protect japan. the chapter. they all think it was stupid. the fact is other than ten we are run by very stupid people. hard to believe. hard to believe. [applause] >> speaking of things that are hard to believe. seven. >> pres. obama justpresident obama just are in the process of looking for ways to regulate the internet. and he is using legislation from the 1930s. [laughter] if you look into our future,
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how important is the free market and the use of technology, and how bad of an idea is it for us to be using 1930s legislation to regulate the internet? >> free market is imperative , and the internet does cause problems. you know, hackers are genius , whether russia, china, even north korea, the studio very serious situation. now they say that they had 30 million people, many of them being government employees.
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we have our priorities. countries that are so sophisticated. i want people to come into this country. i also want really high end, smart, brilliant people to come in. you want to stay in that country. we force you out. i great student, love the country, want to stay here.
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he could -- he started a company in india. that could have been us. we have to do when you go through years of college and this is something a lot of people agree to, the senate and house, so many things everyone agrees to. let them build their homes and businesses. these are amazing people command we force them to leave. we have to change that and change it fast. we will lose silicon valley as sure as you are sitting there. and i going to other countries and will be competing against us. we do not want that. [applause]
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>> one of the most amazing blessings of being south carolina in specifically is the presence of boeing tried to destroy jobs. >> they went through with that for years. >> the right to work and laws. >> got to have right to work. >> incredible. boeing we will build a massive plan in china. they can make their product
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they want us that all you have to do it here. it's a very unfair situation they are ordering planes. i really don't like that. [applause] are downturn last two or three questions. are your and to stick around and talk to folks afterwards? >> all night. >> is that all right with you guys? >> anthony's been of columbia, very business driven question, what is the best decision you have made made in your life and the best decision you have made? >> maybe in terms of business decisions, family,
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children, you and i have children that are successful. they're unbelievably successful having a great family, has become away. i've seen people with enormous wealth and miserable homeless and people with modest wealth that are really much happier people. how you define success? a person's happiness is more excessive and having millions of dollars in the bank. i always wanted to build in manhattan. my father was a builder.
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rebuilt middle and low income housing, and i wanted to be with the big guys. i want to build buildings in manhattan. something i was so exciting. i end up doing the grand hyatt hotel and trump tower, and many, many buildings, and it has become just great why would you want to do that? i feel that i owe something. i know that we can turn it around and make it truly great. thank you. one of the things that i think, maybe one of the biggest decisions, i want to go build buildings in manhattan. it has worked out. i am proud of it. we have built a great company. >> i have seen a lot in the
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press recently, folks who believe in you have challenging relationships with minorities. i would disagree, being one of them. i know that today a small business owner in the audience who has an allstate insurance agent charleston heard you are meeting today that seemed to be in opposition to this whole notion you have aa challenge. his you want to talk more about that? >> my relationship with african-american people in business has been fantastic command i spoke in front of the african-american chamber of congress and went they're and then flew over here. was fantastic. they are incredible people. interestingly, a poll came out, trump receives 25 percent of the black vote in general election. [laughter]
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[applause] [applause] >> andt is great. 25 percent. generally speaking a republican candidate would receive a well. >> about four or 5 percent. >> it is over. it is over. and i will tell you what, he would have done a number on me. 25 percent of the black vote generation matchup is an enormous number. i have had a great relationship with the african-american community my great relationship with the hispanics, but because of the statements on immigration a lot of people
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disagree. i want the state easily a lot of hispanics are here, go through a long process, they don't want this to happen. and that's elements of people, and they laugh and can't believe and all of a sudden they have these polls coming out worm doing very well with hispanics. i have employed thousands of hispanics. i have many places, thousands of hispanics, and i think i will when the vote maybe it is different, but african-american, great relationship, hispanic,
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really great relationship that is what people want. who is hard to deal with not him. >> get out of here. you know?
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it is a mixed bag. in politics, real estate me ms really bad people. at some time we have to do a book on the stuff. ..
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>> >> i am tired of red. in all fairness they had the problems and i think abraham lincoln could not have been elected but romney should
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have won the last election when he choked like on the 18th hole could not sink the putt. [laughter] he was very disappointing it was very sad because that should have been an election but i thought he would be a great cheerleader to bring the country together and honestly there is probably a divide the likes we haven't seen for many years. but you know, that better than i do. [applause] people talk about my tone and temperament i actually have the great temperament was it jeb bush was saying his tone. his tone. [laughter] said they are cutting off christians said in syria. in there were about my tone. [laughter] but i have vague rates temperament where i bring
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people together and that means countries. end also which is important very much to bring our country together i could name 10 cities but baltimore was so bad luck that ferguson to bring people together. maybe we need spirit just as much but we will bring them together i appreciate you being here.
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[inaudible conversations] good morning everyone. i am so privileged that managing director christine lagarde of the imf is visiting this week from the u.n. summit also of the second visit to broking so we feel very privileged. and broking so we feel very privileged. and i couldn't help but to say something just a few words. institutions are very important.
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but that's sustainable development goals and i give three examples very quickly of continuity in st. why we may not agree that our important examples of what has to do with the days that we live so i would say that is the sole timing of the united states. with the supreme court decisions with a fantastic example it is democracy increase despite all the trouble the birthplace of
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democracy. the the crisis has been managed. >> that is how they fail. so to function and peacefully. to help thinking of the leader that will visit us the next few days, of the pope. i am not a catholic to renew itself. and we see it changing before our eyes. led by those a deeply care about the topic but the imf
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is one of the key institutions that makes the international system of more. and it would like to see much more but frankly to try to recreate instantly. and to the this institution with of quality of leadership the we're all extremely grateful than that it is stability but without
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sustainability and macroeconomic stability. the fact that is not note -- focusing narrowly that leads the international system it is great and increasingly do to christine lagarde but let me say a few words. he joined brookings' eight months ago now and he is leading with the
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institutional development with the whole world with of mechanisms he was supporting. also my friend of 38 years. now it is said to. thanks. [applause] >>.
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>> a welcome to everyone. and thanks you for coming here. the traffic is clear. [laughter] and to have a timely discussion to commend you personally to the leadership
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and you have described to have this year is a once in a generation in a moment. so let me begin by asking what is the city begins of this event? >> but it seems when we have something important to say recovered to brookings. that is not a random choice. thank you for being here today. with this perspective. to very much regard the one
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step of the journey and that was fairly successful because i was stuck in brussels to address the financing issues and is such a laborious process. but i did indicate who would increase professional lending by 50 percent to extend the zero interest-rate but we did all that.
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and also what is taking place this week is set in stone was sustainable development goals measurable targets and to be improved by the entire membership and when i say set in stone with the development goals you care of muscat's indicators and better inclusion.
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there has been solid results. partly the case as we know the emerging market economies in no little part because china was a lurch country. once in the 17th sustainable goals are articulate well considered well targeted bin they are more difficult than the last years have been because the development of the emerging economies has moved up the development ladder and not to have one huge country with a very large number of
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people as we have seen in the last 50 years ago these have to be implemented to be measured against the target and each international institution, each country or policy makers have to focus on what it can and should with respect to those goals. there are three areas that identify as the development goals. the category of those of the sustainability, of the category of social sustainability and environmental.
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and they should come together. and for that sustainable growth. and those three categories economic and social and environmental or if his out of the activity the imf is well-positioned capacity building with many of the targets so that is what i tried to demonstrate.
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to be introduced by the team that covers existing research. and what it will do with to operate activity moving from the up principles and i will give you an example of the issue of climate change. and anticipation of that third step. we have good things to say about climate change.
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and in order to operate to make a difference that is where the imf has developed tools to be used with subsidies. that meets the two goals with the decision makers to less offensive energies at the same time deliver the of revenue to improve health conditions.
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and not know how much quality what me to go one it is not too early to think about implementation so it begins to focus but let me ask you a question. we have ambitious goals to see the main challenges. >> to things that are challenging but at the same time those where we can help
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everybody should be involved outside the expertise for them to do their share but the beauty of it no matter how challenging of their own determination can actually make a difference. we don't have to wait for the entire world we don't have to wait for all governments they can make a difference at home. is quite comforting in a way because if they don't agree
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by adopting a sound fiscal policy to make it sustainable. and to looking at the example and you could be effectively have revenue reoriented so how is that challenging? the other part of those challenging goals by collective action. to have financial stability around though world.
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with the dual country and collective aspects that i find challenging and comforting. >> but the of global environment from 15 years ago. and of course, this is an area and what you think needs to be done to bedrock?
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>> it is a very good point. search of a beer not at the of bubbles where we were 50 years ago. if anything those three areas demonstrate that a significant reduction of global trade it is now much reduced that is number one. and the number of unemployed people around though world are accounted for we are around the range of 200 million people that is 30 million more than what we had before the financial crisis. and the third area is the issue of productivity that
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we see of all economy is advanced so a these three factors are not where we were and we don't have the luxury of that analogy. in the short term i will not give you the numbers we will release them in two weeks' time. but growth is lower. no question but with the recovery to take place. and housing lower. reseed the downside risk
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later in the fall within various categories of what we are analyzing at the moment. to be linked to the downside risk with chinese growth for the region in particular and that is legitimate given the size of that economy especially compared to 15 years ago. and the financial volatility
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which will result from as we are bound to see out of the fed so in terms of movement of capital so that is our reseda situation at the moment my mother would say everything is better with butter and you may say everything is easier with growth. that imposes less on countries so to keep that sustainability for in spite
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of that the collective level requires a real commitment. >> with social sustainability and particularly and associated with adequate employment. also sustainability is growing inequality. so how do see the actions on these issues? with the agenda? >> i think the first area of
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research to identify the link between rising and excessive in a quality -- inequality and we have identified excessive inequality is bad for sustainable growth. to have very clear results. to increase the in the town with the highest level of the population of the income does not produce sustainable growth but to the contrary at the other end of the spectrum is much more sustainable growth.
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with the research that we have done. one man's sustainable growth clear of a of a design for all development countries it is c of a design for all development countries it is creating for old people or women as well and clearly less equality will serve that growth the sustainability a lot better. >> than the policies given the dominance in that mentions that the subsidies. is the combination of that board number-one getting the price right to embed that can very much be mutual to
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be placed on the right basis so a tax system to have less inequality with more money spent on health and education and job focused policy and the job market that is conducive. >> event with a lot of attention with the role and i remember watching your
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show you were looking very impressive and steven colbert said what does the imf have to do with it and your answer was brilliant but so what would you say for the focus on this issue? >> it is critically important. is learning and leadership and labor. and the gap has to be filled not just because of a moral issue it is important for humanity but it


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