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P2JW325000-0-R00800-2------XA Composite BLACKYELLOWCYANMAGENTA

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E.CANTOR: REP. CANTOR: ERIC

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ed htwiesilpreserving still while that do we raigadbidn hnsin things building and creating n moral and hn ae es o hmand them for sense makes think orwa fodbeinterest affordable at borrow ae u osn now housing But case. hnet elyhappen. really to change

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aeadpninfnsmore funds pension and care e h netvsbte n the and better incentives the get osa nterhm.Teesa There’s home. their in stay to gis h olr u hywant they But dollar. the against e n tblz h blt of ability the stabilize and tem u htteprlhs’ been hasn’t peril the that gue

e u omtet nhealth on commitments our get om h ai meaiei to is imperative basic The form. hne fte aehardship, have they if chance, a lo h urnyt appreciate to currency the allow hysaiieterfnnilsys- financial their stabilize they oewudar- would Some R THOMSON: MR.

ara h agn o owe do How margin? the at fair ra-ae oprt a re- tax corporate broad-based epea ecnadgv them give and can we as people nteritrs ocniu to continue to interest their in hleg shwt aesure make to how is challenge

aiyt c n ohr things. hard do and act to pacity ae h rae ytmmore system broader the makes hligycmeln aefor case compelling whelmingly aesr eraha many as reach we sure make hns oenetblee it’s believes government Chinese uoesbasic Europe’s R GEITHNER: MR.

ihprl a eakbeca- remarkable a has peril, with o ow ota nawythat way a in that do we do How otikteesa over- an there’s think do I ulcplc aefrtyn to trying for case public-policy htsufligi Europe. in unfolding what’s ysnei the is sense My R GEITHNER: MR.

asde.Ti onr,faced country, This does. ways utn netvsfrgrowth? for incentives hurting o’ aeulmtdresources. unlimited have don’t nagaulappreciation? gradual a in good a There’s others. by made xet r ttemryof mercy the at are extent,

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edd’ e vrtigright, everything get didn’t we u fteeooy spr fa of part as economy, the of out adt aeteeooi case economic the make to hard r o bu h renminbi? the about you are homeowners of lot A tough. very htvrpolicies Whatever R THOMSON: MR.

rtn tdd’ xs.Imsure I’m exist. didn’t it pretend o ow e oerevenues more get we do How esso niiul.Adit’s And individuals. or nesses o concerned How still is Housing R THOMSON: MR. GEITHNER: MR.

ol unisl u rtidto tried or out itself burn would hs w udmna choices. fundamental two those yriigtxso te busi- other on taxes raising by ol tb osn prices? housing be it would a ob h te a around. way other the be to has okn oChina to Looking

ie n ihrhpdtecrisis the hoped either and time, sacutynwaeabout are now country a as aeatxcta arwa that as narrow as cut tax a late emta o’efcsn on, focusing you’re that term a ittebodreooy It economy. broader the lift can

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hnw ol ei ehad we if be would we than u en sacountry. a as means our a o tnw o’ think don’t I now. it for pay hyne oadeeyhn they everything and to need they ae u fyuwr opc one pick to were you if but rate, o a’ engi- can’t You R GEITHNER: MR.

inbcueo hs choices those of because tion on hr er iigwithin living we’re where point youhavetofigureouthowto ep h economy? the helps sta hywl oeverything do will they that is oue nteunemployment the on focused

We’reinamuchbetterposi- n o r egigbc oa to back going we are how And pn htmnyo a cut, tax a on money that spend n lgtrcvr nhousing in recovery slight and os’ atr hi ai view basic Their matter. doesn’t biul,you’re Obviously, R THOMSON: MR.

u iaca system. financial our rwhadbte opportunity. better and growth a opne.I o’egigto going you’re If companies. can osn eoes rabottoming a or recovers, housing htIthink I What R GEITHNER: MR.

ytmcnd hs things. those do can system la u h eks at of parts weakest the out clean t odtosfrstronger for conditions ate in htsatxctfrAmeri- for cut tax a That’s lion. out? drop may countries two is?Teeooypcsu and up picks economy The first?

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muto rvt aia back capital private of amount earaigcssmny It money. costs Repatriating now have we that members zone

ilfrsadfreahuge a force and fires cial otx fcroaetxreform. tax corporate of context euro the that time years’ five

IOH GEITHNER TIMOTHY

u u h os ftefinan- the of worst the out put o usd the outside Not in think you Do R GEITHNER: MR. THOMSON: MR.

aacdfsa ln ihu utn netvsfrgrowth?’ for incentives hurting without plan, fiscal balanced neol earaintxrelief? tax repatriation once-only to early things hard very some

on forward. going nti onr.Sol hr be there Should country. this in did We world. challenging a still

Hwd egtmr eeusoto h cnm,a ato a of part as economy, the of out revenues more get we do ‘How

edo h hie hymake they choices the on pend ly tsnti hsro n not and room this in not it’s ally, what’s with deal to today tion

eouino hsi on de- going is this of resolution hr’ o fcs,btactu- but cash, of lot a There’s posi- stronger much a in we’re

eg.Adfnaetlythe fundamentally And lenge. hsro aealto cash. of lot a have room this believe I challenges, our all

is u hsi uoeschal- Europe’s is this But ties. h opne in companies The with Even R THOMSON: MR. GEITHNER: TIMOTHY

cumstances? eprslesm ftedifficul- the of some resolve help

h economy. the ayt elwt h urn cir- current the with deal to easy hr hyr rigt s sto us use to trying they’re where

tnildsotoste u into put they distortions stantial ineo rssmd taymore any it made crises of rience hr aeas enmoments been also have There

ilbc hs te eysub- very other those back dial a h expe- the Has xeineta aesm value. some have that experience OETTHOMSON: ROBERT

aesr er etn hn to China getting we’re sure make o fueu esn from lessons useful of lot a our togrPosition Stronger A

oesceso,bttyn to trying but on, success some nwaot iacal.W have We financially. about, know

tdecrt fterdicsussion. their of excerpts ited oerpdy hc er having we’re which rapidly, more hog ag ftig you things of range a through

oetTosn eeaeed- are Here Thomson. Robert e h xhnert omove to rate exchange the get hmbt ietyadindirectly and directly both them

tetJunlseio nchief, in editor Journal’s Street onr r nntjs rigto trying just not in are country fti rbe.W r helping are We problem. this of

atr n oewt h Wall The with more and matters sCia u neet sa as interests Our China. as tk nhligte e ahead get them helping in stake

r etnrdsusdthese discussed Geithner Mr. ogtr,fracutya large as country a for term, long ehv big a have We R GEITHNER: MR.

iso h uozone? euro the of mies tsa neal strategy, untenable an It’s rsdn a have? can president

hn n h ruldecono- troubled the and China ieCiafo China.” from China side ned o hn o n the and you think you do ence

ev orbodrmreso markets broader your serve ha,i h ..a elas well as U.S. the in ahead, ut- o uhinflu- much How R THOMSON: MR.

ehooy n ewn o to you want we and technology, osh e oigi h days the in coming see he does

ee ewn o otransfer to you want we here, idtemarket. the hind hwn ino usdn.What subsiding. of sign no show

r on ocm n produce and come to going are hydntcniulyfl be- fall continually don’t they fcie—n they crises—and of

o ocm rdc ee fyou If here. produce come to you S apna ucl spsil,so possible, as quickly as happen facedwaveafterwave

o att elhr,w want we here, sell to want you oiia upr o hthsto has what for support political ioh etnrhas Geithner Timothy

eemndsrtg osy “If say, to strategy determined iueotawyt e enough get to way a out figure rauysecretary, Treasury

hn’ enrnigapretty a running been China’s oi hscnet hc sto is which context, this in do necmn badas aboard coming ince

ioh etnro h udmna eiin h onr a osatmaking start to has country the decisions fundamental the on Geithner Timothy

tsTm oMk oeChoices Some Make to Time It’s

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H ORA EOT E COUNCIL CEO REPORT: JOURNAL THE

| ody oebr2,2011 21, November Monday, R11 H ALSRE JOURNAL. STREET WALL THE

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P2JW325000-0-R01200-1------XA Composite BLACKYELLOWCYANMAGENTA

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R GUERRERA: MR.

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AKLEW JACK

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ody oebr2,2011 21, November Monday, | R12 H ALSRE JOURNAL. STREET WALL THE

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Composite

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CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WE P2JW325000-0-R01200-1------XA

P2JW325000-0-R01300-1------XA Composite BLACKYELLOWCYANMAGENTA

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ARNESUMMERS: LAWRENCE

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LNKRUEGER ALAN

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LNKRUEGER: ALAN

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em aln atclryo Mr. on particularly calling team, ev a prob- a had We’ve R KRUEGER: MR.

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R WESSEL: MR.

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h rsdn’ Agenda President’s The

H ORA EOT E COUNCIL CEO REPORT: JOURNAL THE

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R HUNTSMAN: MR.

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LSBC:COCUCL 2009 COUNCIL, CEO FLASHBACK:

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a ra potnt o us for opportunity great a was rgtnn prospect. frightening a otniglgc,i o il of will, you if legacy, continuing eddt edone. be to needed hycampaigned They ycnevtv rdnil are credentials conservative my R CHENEY: MR.

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WMD. r h rm pnoso Hez- of sponsors prime the are h rna ula program. nuclear Iranian the eycnetosi oradmin- your in contentious very hn tsimpor- it’s think I the think don’t You R CHENEY: MR. GIGOT: MR.

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ot fefr gis h ter- the against effort of worth aiatv alu.I a very a was It fallout. radioactive ieo osdrbetnin ob- tension, considerable of time costi hl period”? whole this across sdoiial.Itikthat’s think I originally. used htdfct o’ atr That’s matter. don’t deficits that

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IKCHENEY DICK

n oho swr reasonable, were us of both And fe h edr fa Qaeda, al of leaders the after o eefamously were You

R GIGOT: MR.

e odtrec,effectively. deterrence, to led h s fdoeatcsgoing attacks drone of use The

Teeaeraoswyw i htw i,adte’esilvalid.’ still they’re and did, we what did we why reasons are ‘There

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..W olwdaplc fmu- of policy a followed We U.S. oesm hnsrgt The right. things some done ol einclined be would I R CHENEY: MR. (2) Journal Street Wall The for Alswang Ralph

cinwudbe? would action the by confronted when did ets etil they’ve Certainly IKCHENEY: DICK

rnsncerfclte,yu re- your facilities, nuclear Iran’s Sovi- the way same the operate terror? on war the fighting

re iiaysrk against strike military a order will Iran that assume to mistake in administration this give you

oi h rsdn did president the if So a it’s think I don’t. I would marks What R GIGOT: MR. CHENEY: MR. GIGOT: PAUL

tainable? rdn h a nTerror on War the Grading

ward. ula epnwudb con- be would weapon nuclear a

hycncuto sgigfor- going us on count can they conversation. g.D o ge htIa with Iran that agree you Do egy.

usin bu hte rnot or whether about questions osaeeie xepso their of excerpts edited are lows neadacnanetstrat- containment a and ance

..aegigt aeserious have to going are U.S. aeEio alGgt htfol- What Gigot. Paul Editor Page o ol u oehra alli- an together put could you

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n epeta aetradition- have that people And r hnysae i obser- his shared Cheney Mr. epn eage hti’ a it’s that argues He weapon.

oe nta ato h world. the of part that in power ou fmc debate. much of focus icdIa ilgtanuclear a get will Iran vinced

lal on ob h dominant the be to going clearly iln ob otnet ea be to continue doubt no will tt ae ae ash’ con- he’s says Baker James State

ula-re rnis Iran nuclear-armed A ussilhg nteaed,he agenda, the on high still sues omrSceayof Secretary Former R GIGOT: MR.

ihterscrt requirements. security their with inapocigadscrt is- security and approaching tion

Ha fteSnake’ the of ‘Head

oc hr htwudhl them help would that there force ih.Wt rsdnilelec- presidential a With light.

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iitainfie ofollow to failed ministration I fie u h lt Wash- elite the but office, ol.I hydcd hyneed they decide they If would.

rqadAgaitn h ad- The Afghanistan. and Iraq rsdn ikCee left Cheney Dick President ’ o ueI sure not I’m R CHENEY: MR.

omo uhfrteeisin exits the for rush a of form them? er ic omrVice former since years

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