Cap And Trade

Six AB WR kill Friday won't go into the weekend. Veterans go to the tape yeah I'm not from the work.

Your favorite things are in the kitchen floor pass up a subplot of the day today and then what -- down at some point I don't know how many grandchildren well we might have -- ten or fifteen or more the better half half -- used scrub the kitchen -- who once -- already just as you look at some no I don't know what just a try to only when it's needed only when it's needed once every three -- of every couple allowance with the that's -- that's oh that's certain to make sure can destroy a house candidate who did they have those in a great capacity for getting everything that's supposed to be. On the plate or in the about -- some are on the run the floor Zamora was last weekend I had to say that on a dozen times that you've got to get. A picture this the three the three I chips. Just a setup the 311 month olds just sit there out there will look different they.

We have to monitor -- different -- smiles and everything is we have the wrong is that Gerber we have a long without them we have -- want to just let -- the punchline now flawless so you said -- get a photograph that I I have are saying you have to have a photograph people are saying. -- just this segment during the same time every day gets sales to find this -- sponsor. Could make a lot of money on it's I didn't pick -- About the amount obvious -- one of the I was at that in one of the buildings downtown just a attending the meeting we -- to -- we have the long and we are doing -- term we are doing wrong and we are doing wrong we have the wrong. We have to launch it and it's really sad about national wrong -- are we national products we have to wanna we are doing -- I'm gonna.

And what's interesting is America actually set it like that. Two point seven times in her besotted -- announcement how is it is to enthusiast and after my girls have some real it was against. No it was not to mention me mention cook's note though that. We imagine I can't say the words that came to my mind. I'm getting more of a cap and trade I think might pass in the house tonight was some of us I think it will pass in the house today I have some questions about this bill. But this bill is disgusting. House speaker this why I think it's going to pass House Speaker Nancy Pelosi plied undecided members. With chocolate covered dove bars in a series of small group meetings -- Oh dove -- have you had done our best of -- rich and Al creamy and -- the charm offensive strong bench. Strong post show. Beautiful chocolate because it would terror office. Representative I really need you vote I know you could get some concerns would work to address a -- it's group. By the way have another dove but I here's how here's why am upset -- go back to the climate change lawlessness can -- it -- in The Washington Times yesterday as part of the far reaching climate bill. The house is set to vote Friday on -- plan to pay companies billions of dollars. Not to chop down trees around the world as a way to reduce global warming. No last week we had a state -- thing here. Final Barry Feingold from hand over there as was earlier this week it was this we have Monday I've blocked it out. -- because he was here to support this stuff and he has it basically knew nothing about. Globe Boehringer why his best start of the mineralized -- the specifics of -- and rational being -- not behind and that at this meaning global warming he knew nothing about global warming but he was here promoted as a cause. And his best argument was well. If I'm wrong. Are we better off if we follow me then if you're wrong and we Foleo that's true which is it known that -- and in this is an example of why global warming. The belief in the religion of the PC movement now debt. Global warming is being caused by human activities and -- we can reverse our activities and an undo it which is at the chain of really -- it takes monumental. Suspension of of disbelief to to buy that. Logical progression if you take each of the steps on the global warming are you okay planet's warming may who we all agree on that by now pumpkin. It's being caused by human beings we don't all agree -- that -- some disagreement with it's being caused by human beings we can stop what we're doing. And it will stop the forward motion of this global warming from which is one of the most far fetched concept -- are rare and actually never heard anyone make a good argument for why we would believe.

Always in the first two steps are absolutely. Pedestrian and to Miller and an end and acceptable you said okay the planet is getting warm for the most part. People agree with that. The next step on the hypothesis was who was some of that warming may be all that is being caused by this industrial. Right human activity. And you're weird way that's and there's nothing easy about that no no I said that's split we agreed that this is split a -- and that the images of and -- police fire and a very politically correct signed element of the scientific community says GI we by -- there's another segment that says wait a minute these computer models are ridiculous you can't even predict next week's weather let alone fifty is out so. -- split on that. But then Barry Feingold would say to you. That. If in fact we can make an intelligent. Reduction in some of the human activity that might be causing. This second step this this human driven. Warming why would we not do that Todd because there's no running because of the uncertainty -- Leo right while he's right he says.

First of all you'd have to establish and some believable way that he thought and hypothesis number two the global warming is caused by man's activities largely. It and we all believe that then you would need to convince us that this is like pushing a car up over hill. That we've reached such a point of momentum that you can stop pushing the car it's still going downhill baby doesn't matter what you do at that point how do we know we haven't reached a point of no return and then number four is. That we won't develop technologies that if that one to a three were all true. That we could undo -- Would they won't be much easier. Much more cost effective and less going into the unknown -- saying let's cut back on our economic activities in order or let's revamp the way the world.

As business ought to and that's what that's that's then now we get to the point that's what this then is all about no I'm not defending and I'm not advocating for passage cap and trade that's I don't. I think it's five to altogether too complex I do worry about the hit on this and I think the underlying goal taught us to address the point you just raised. It is to make it competitive economically competitive. Renewable energy technologies that today. Cannot compete with the economic efficiency.

A fossil fuels. Cold yes gas. Now I don't think about what yours. -- gasoline it's like saying. If this is like saying if the government decided that Michael Jackson's music was creating global warming. Therefore. We have to get everybody to buy com thank him and other artists totally different. Helping John knowing and mares a battery so a guy you only need the world's -- I've got so. The way you're gonna get people to buy and -- is by. Creating a system where you get penalized financially if you buy my vision I am -- Jackson and you get a reward if you buy in Mariano got to think about. Our Michael Jackson fan and how much money it would take to get him to go buy an -- Murray album. Think about the market forces you were doing battle against now this is what we believe in more than any thing. It is our whole society is structured on the idea not just economically but it on on a spiritual level. That the best possible results are are found when human beings are doing what they naturally want to do -- that everything else should working reaction to that. Not an opposition to an and then you're saying. Let's turn that on its head now let's take what people don't want to do what they don't believe in what they don't think is right. And incentivize them to do that instead of what they want to do. Think about what a ridiculous proposition it is to go in that direction.

Well first of what's just just a couple comments to give it a little bit of context and perspective remember we should take some calls that's for sure a 617266. 6868. The issue is before house representatives to -- How tough road ahead think ahead in the Senate. Oil and gas industry have had massive subsidies tax credits and also also it's -- subsidies from an American citizens for a long long time. So I'll be the first to say I do think in a kind of a head to head contests they have much more economically efficient to date in wind. So a lot geothermal all the other things that represented a Feingold shared with the system the alternative technologies. Oil and gas most efficient -- today no question about that. To it's not logical to provide any subsidy. To something that you want to see more -- in the end you and I agree. We don't want to see in one extra dollar go to the Middle East or any other place that's hostile to us. We would like to see more energy production at home if it could come from a variety of sources and some of them were renewable all of those are good it's.

The term goal is not it doesn't make sense to provide subsidies to things which you don't know people are gonna that are there going to work out. So even powers to win -- no one would provide electricity to the grid. Yeah about how much lower return on investment of electric -- how will it flash out in a marketplace you've you've got. Always come right eating a right now the arrow by the return on investment does not equate with the one you get on oil and gas well I'm not saying with the oil and gas -- you're saying we're gonna invent this new marketplace. You would want to -- Different parts of it and let the marketplace. Decide on its own which direction to go -- the idea of going are creating this massive system so is so we're gonna have. Root word -- and make companies pay more for providing electricity to -- bad is essentially what The Wall Street Journal called USA the largest new attacks in American history commercial and that is punishing companies for doing all want them to do which is -- electricity burning them whatever fuels they're using. What they have to do injury in return his pay other people to grow trees. Now.

This is an imagined that I'd never earnings of stupid in my life I'm CM open minded to could you know -- a lot of planting of trees are nice thing to animate going to -- people in Europe's planned trade such a PayPal would. I I pay people enough or -- I'm trying to write them right can you imagine that it I would never. Any there is so insulting to the concept of our country uses these are some of the absurdities that -- to -- connect 1200 page bill so that's no this is the backbone of this -- that's what Kevin trick is. You make them somehow undo the damage they've done. -- undoing the damage they've done by providing us what we want them to -- Like the hiring somebody to plant a tree and Ginobili scam companies right there are planning to fake tree is city's building planting seeds have been yelling with the big one is Schwarzenegger and paid for -- twigs -- that -- now I'll put treason and W parker ago.

These -- things happen trade data that's a run that play. The productivity punishment. Bill is what this should be called they want to punish those companies who -- creating. Economic development. And.

Force them to give money to people who don't. You think of an example with the government has provided subsidies in order to and yet and as we look at our subsidy programs do we think of those is being beneficial for the most part or negatives. Who do you think atomic or nuclear energy would have come and have been without massive massive government spend. Really driven by the impulse of war. More than anything else well there are a lot of things that I have come out of you would not have any -- you're not even have a shred of Metallica nuclear energy but for massive government subsidy. Russians Germans exit and we should try more wars as a result known don't know I think there are ways we should expand NASA because of all the wonderful things that have come out of the that the government spending and government spending can resulting good things but when we think about subsidies we think about -- on the landscape of humanity for the most -- some right -- because -- by politicians and politicians -- to do the wrong -- it it's the whole of the endless war and decision is because that -- primary to -- if there was no primary and Iowa -- we have ethanol helped out well enough so this distorted. Public policy based on politics and if you -- not have the -- and of the sugar -- down from this from the southern states should be able to do all sorts of things much more -- imported -- it's exactly what happens parents and -- I don't begin all excited on us. Because there isn't a new programs of politicians can used to bribe people on this or vice versus common cool and collected about this response veterans again and scariest subsequent rapidly he -- on sort of a doctor evil and Fasano on your comment collect like -- Let's protected Ted hey Ted thanks for college here on the outside of top.

It's a -- like planet then you know I mean in the next year we will have. Incontrovertible. Evidence that the threat is not. Phantom global warming but the real threat of announced expanded. Cool.

How will we get that incontrovertible bowl evidence.

Well that sun has been very very quiet and we know that every time in the past but the -- have been quiet things Dick -- The most recent time that happened and extended time was called the Dalton minimum which -- that period of time that we had the famous year with some.

How do we know that human activity isn't so drastically. Increasing the -- of the planet that it will counter they all like dog comes up.

Well for first of all we don't even have an expanded. Warming trend except by -- A very poorly controlled that a measurements. That that we use says. It's like taking company's temperature. During the day that goes up and down up and down up and doubt if you only take it for a few. Samples it may be progressively during to go up but just say by the end of the data personal -- 150 degree.

Ted there -- a lot of very credible scientists I'm not a scientist so I'll make it continuously out of my element to just --

Agree with that statement I think there aren't very many credible scientists. Who are saying it anymore. There were some whose that it for awhile then they said no maybe not. That's maybe again it's that they cannot. Only political scientists people like the president's science that I'd sure hold up people are saying it for political -- This is a giant. Either at the worst case scam to convert the economy into a Marxist economy. -- wore at the -- to be a Ponzi scheme to tax the hell out of every. That's audits it's just. It's just that they.

Ted what would you do to try to wean us off fossil fuels for which we pay a bundle it.

Which we're told nuclear do you know you're talking earlier got the proven technology wind and solar are banned them -- to people's imagination. Go around and look at all the Windmills they were built during 1970s. Because a government subsidies. What they were -- tax dodges. People woke up Windmills and they never ran wide that they never run because if you. Run them that you can't resell them. For for another tax dodge.

Aren't we get -- Chad thank you very much. -- a skeptic put that do you think put -- down as a skeptic might be just want to make sure -- and I cautiously telling noses on this might be -- type roll call vote for speaker Pelosi and she's given out dove bars of how hot hot hot. So the down the cap and -- are we ever more time to talk wrote suggests our what you're doing next -- we have Tom -- right at the top of the -- front office report we go read -- the cap and trade all right back to I don't see any reason this is the -- did -- about Barack Obama's presidency. Although -- also yeah nothing -- and then -- the health -- here we -- a couple of -- immigration down the -- observation -- no -- but this is the -- that -- To boggle the box debacle to debacle why don't I say it's -- I wasn't raised rights that's liberal agenda yeah I went back he changed the rental segment don't wackos that. So the -- the legislation is up in front of congress the house is pushing hard to pass cap and trade today. And this is the attempt surprised you don't like the idea repairing some but it plant trees. Come let them play entries based on Internet drama today UMass the plant trees and elect and Saddam -- planets under bill for the government. That's an interesting thing and I turn my -- ready to thank the retroactive reimbursement could -- we all create our own little climate change and why was I wanted to -- have to do an offset from a I have an offset placed on the -- I -- I can't play at the trade can't assume you can't if you're not giving money to the Democratic Party I assume you can't play in -- arena booed him what do you think we're in the sub. All right coming up cap and trade cap and trade cap and trade biggest tax in history are you for. Talk radio. Person. You proposal. The bill got a boost this week when the CBO the Congressional Budget Office which does the analysis financial analysis on these measures. Came up with a -- cost per household of about a 175. Dollars a year by the year when he twenty. The trouble with that is it's not an honest number it's only looking at the actual out of pocket costs and not what the -- now through the economy would be. If you start charging companies. More money for doing business then the the cost of every good. That you buy goes up then in this 175 dollar a year figures only looking at the direct costs of increase in power costs in his only -- looking at it the one year cost. Well say how much it cost per year at that point as it spreads through yeah that's going to become because of -- at that point that's when they're really expensive stuff kicks in so after 2020s when it starts getting astronomical and cost. The the so when The Heritage Foundation did an analysis included all these across the economy costs. It comes out to about a 161 billion dollars and 20/20. 1870. Dollars per family of four people call it 2000 all 2000 I'd like to do that yet but then when that bill's restrictions kick in. That number rises to 6800. Dollars for family of four by 2035. So you're talking about the largest tax ever put on the American people. And this is for that which makes us.

in perfect form to we've -- factor into one of these. Kind of Trojan horse approaches to legislation. The reason why this tax increase would be and preferred form of you're coming from political prospective Todd is this is not going to show up as a tax bill. From the United States government to your house so yes I. This is gonna show up subtly almost invisibly in new utility bills in in the cost of goods. -- services that you utilized.

I don't artillery that invisible it'll be very very painful but it won't we won't be able to blame it on one arguments acts like you were exactly right that's exactly that's exactly. Right the -- crushed so cap and trade requires companies to pay for the use of energy. Yeah they pay a penalty and it creates a market actually CO2 emission jet yeah happy that's how they're measuring it to -- essentially it's the production of energy that's being cap because that's where produces emissions for your right. It is at creating a monetary system around the the emissions. And you have to buy the right. You have to buy a permit to to be able to pollute show and it's a trading of these permits that will drive up the cost is there's more demand less supply. As time goes on it'll drive up the cost of producing.

In the money that the government gets from the purchase of those permits is designed to go win because Barack. If something's changed on us. -- was going to use some of that money to do some other things as I recall. In other areas redo the White House tech could be who knows I don't to. Don't exactly know this is this is hugely complex hugely important. I'm dying to see how this vote goes by more time to save but apparently the the president has been making phone calls and visits the speaker's been giving up there were lower than a dozen votes late yesterday Al Gore canceled the flight that -- supposed to -- to Washington is making phone calls from Tennessee.

And that's I understand there were up to where they were within one vote in the Al Gore started making phone calls and Clinton today that they lost eleven I don't I opt -- Under a Cap and Trade System government sets a cap on the total amount of carbon that can be emitted nationally. Companies and buy yourself permits to emit CO2. The cap gets cranked down over time time to cut down on total carbon emission true this is probably. One of the most horrible things you could ever imagine creed and and yet. The lunatics or running the government of Washington. Are just so excited that they could finally put an end to the things which we don't know if it began yet and that is man induced global warming and we don't actually out there holding our economy huh.

Did you if we pass this for a fantasy can you imagine a bureaucracy that's going to spring -- on this. That's probably one of things that excites among the debris are the bureaucracy that springs up around this will be even comprehensible to an ordinary human being. We have does a company go Wheaties and go and find additional. Carbon credits if that's what you and our company credits -- and permits. If that's what you're looking for holiday going to be measured who was doing the cranking down of this. Over a period of time when there are addictive and initial level will be set and then as you read that analysis. Dispersed beasts drastically cut -- last but not least. Tell me what to Japan. India China. The European Union. And other -- companies with whom we compete industrial and economically tell me what they I don't I realize general Barry Feingold was in here on Monday were big big consumer fossil fuels the biggest and all the rest of that stuff. We're pretty damn efficient about it and we affiliate there -- more environmentally sensitive I think that any of the other countries I just mentioned.

Is this the right approach to try to curb power productivity. Which is really the goal how to we cut our productivity is a nation. And make you more expensive to do business and hopefully. While not making an expense on our you know that's a gross oversimplification. And it's a negative oversimplification that those not to. Cut down on up product Curtis know the goal is actually to enhance our productivity are the odds -- good that it is doable how would that enhance our product is scientifically doable without did. But if -- if if in fact technologies can be brought forward -- had to add an accelerated rate because of some of the inevitable subsidies that will be built into this thing. Then of course you are becoming more productive you weaning itself off of things that are at least expensive in terms of the environmental. Damaged at their due to a while you're real estate and you don't off the new technologies are going to work. You don't know if they're gonna be as efficient you're taking the cause and effect of capitalism out of the equation. And putting in government intervention government deciding which things are gonna work or not. That's not the best way. To accomplish a robust economy might not be the best way and I would have a better way I think I would have a more economical and more capitalistic way of doing it still gonna involve the government one way or another -- in my money.

I would. To either the national science found a -- under prop department to be the NSF. I try to replicate at the NSF what they do it NIH NIH national institute of health. Lots and lots of money goes to NIH for what I call what we call basic raw science. And academics and universities all your -- country the plan would be. -- several billion dollars a year to the NSF -- for energy technologies. And you researcher VI -- the Ross science begins to develop thoughts and ideas as to this in this Nat. Venture capital funds stepped forward and say it would going to bet on the science that's private money than making the -- it's how America has become such a yacht in indisputably. The world leader in the act in the development of medicine. And pharmaceuticals create -- a -- dollars before you force the economy too dependent on them and then the private sector picks the winners based upon what.

Is it makes a lot of sense what was that 617 told senator -- land as a 1686 seat that's why they still call amidst speak out. Patrice your WR KU excited about cap and trade.

Got a great I think got a lobbyist this bill is over 1200 pages now and again not like that was ever read this article on it and.

Well that might mess things up if they were to do that.

And I like best -- an idea can bet per basic -- what I don't understand what they're doing that and forcing it went. I have no problem and -- events but they should be looking at. Add on nuclear they should be looking at every option we have only should be drilling I understand -- you know an -- and it it. The security issue as well but we should be -- all technology at this time. Try to keep -- economy moving in the right direction keep every option open science everything going forward. Mikey at what a by the Specter -- what's going to happen again but government is involved in everything. Obama want to -- a government intervention into everything you want the control every.

And he doesn't it doesn't want to go right around the -- he knows he knows that if he doesn't get some of these big victories under his belt. The American public is gonna turn away so he is in a race against but -- of his own appeal -- not allowed to have any idea how insane America was to elect these lunatics. Into power in Washington 617. 2666860. Were doing cap and trade Thomas taught 680 WRKO.

This is -- you're listening to.

We are being trapped in slain by cap and trade and other legislation being offered up by Democrats. Who think nothing of destroying America in order to get what they want it's not just you restricted to Democrats. I have great great concerns about the legislation John McCain is in favor of the stuff. You know that's -- Democrats.

My recollection is -- he was the nominee of the Republican body while he was a little confused about his identity like some other politicians I know but I want mentioning names Tom. 617266. -- six -- Democrats here who thought Obama is code we pay example they have okay Scoop Jackson had -- another veteran but they were forty years ago if you thought. Forty years ago I would make sense for you to be a Democrat -- today they would those wackos who control party -- I would look at Lemony turner run in the other direction from you look at Teddy. Any sale home like the -- he's still the black sheep of the family after all these years. 6172666. Seats sixty -- feel about today's legislation rust in Boston -- morning.

Well for all our lottery game that crap and try it. Russ not bad. Luck to you by the -- a friend called social. Then these keep going you know oh yeah and torturing number okay during the Olympics in China. They had to do to think that it shut down their industry closed video of the Olympic because all the pollution was coming out. An American and other people from industrialized. Nations would have demanded respirators stated. And the second thing is they took dog not a -- so until they clean up their act I don't want to hear anymore about crap right.

The go Ross's. He's still forming an opinion I think yeah. 617266. XEZ go into the speaker of open minded and that's a madam speaker going to have another -- Barkley is right. Hey there Bob you're on the -- with Tom and Todd.

Good morning gentlemen -- I find your argument extraordinarily. Persuasive. Quite frightening for future. What he's become one of the things now. The ticker estimate that it I was CEO of the company this country. Once but not the -- that it becomes non competitive world market I would have no alternative. But then to take my company out the United States. To a place that is not covered by the tree which is even more of the law job. I am I wrong.

On this one of the predictions The Wall Street Journal made in in its right up on this yesterday were attacking the whole notion and said yeah that's going to drive companies overseas why would they hang around here.

You know I would think it's a very very real risk is no question about it and again this and with China and India and others who look upon this as a great. Economic economic opportunity there are already building bridges to every facet of our industry entrant attempt and in induce people to go over that. Why would they not see this is just.

One more. One -- one more -- to be absorbed by American industry and therefore make themselves render themselves more competitive not only that but one of the ways that American companies will be able to compensate for their destructive behaviors will be pay companies are are entities around the world to plant trees trees in May be that is the -- gets more beautiful based on our investments of more companies will -- Go -- to those beautiful places for a complete story can actually open up a couple of industrial plants on the property delicate to apply entries on one side and I don't know if you into on the case they wouldn't want American money being spent in the United Center crowd at 61726666. -- NW RKO.

Think -- and eight now about -- we have springtime averages these -- to corporate credit urgent have like an outdoor barbecue it was.

I don't know how much those corporate credit cards could afford may be a daughter to the the last Abdullah the last time they gave coaching gives interrogated and have a daughter -- well zero dollars and -- them want to just say thanks -- special -- this month. Is it gives its ever get was none -- that's arrow -- a mistake -- They were giving him a car and dignity and he thought that it should have some value beyond the -- going to suspect in the -- I was just a little legal seafood card -- to put on his wall. -- I told him there was monetary value on the magnetics 200 bucks on the -- and that was historical reference that's for the Smithsonian exhibit when they do the exhibit on your life 61726666. Each other's -- of morning Joe.

Good morning. Well you guys have -- a double shot of expressed goal in the morning.

That's good did you know I assure you try double shot.

No element but it's -- that. I've -- in -- I like just gave me yeah who aren't are being DR. It's just seems to me that. I'm million dollars or contributions -- and to congress. And we get screwed for billion dollars. -- coming up with making money from nothing. It's sort of getting breakdown bit basics let's have as factories and why can't they -- out yelled Obama quote legitimate to us there want to come up where -- Recorded parent that's -- be built it fifty mile or Alec -- all I have to but 30% rate. I drive a tractor trail when mom bought feeling I get nine point five miles -- L. Point 6000. -- in vehicle. Portal although I wrote about eight miles the.