Rep. Scalise on Cap and Trade

" The break happened trader climate change legislation it's been front and center on Capitol Hill this week our next guest. Is a member of the house energy and commerce committee who challenged. Former vice president Al Gore during testimony last month --"

" There is a consensus on the science and you must have been listened -- testimony that we've had for the last few days with dozens of experts that have come in. Who have given completely different views well -- so I would I would -- I would encourage you to go back and look at the testimony various committees terror. There are people who still believe. That the moon landing was staged on a movie lot and Arizona. And neither -- one of those and I know you like given those cute anecdote this is not a cutesy issue."

" Yeah it is. How soon do you believe in Louisiana and doing -- right now from top Capitol Hill. Congressman you know what I like about used you've never shied away from confrontation and you are just ready to go flat with them. First of all let's let's get into cap and trade yet you're not you're not too thrilled about this tell me why."

" Alexis it's going to be with -- and the reason that it's so important to challenge some of the things it says that. This is literally -- proposal was cap and trade energy tax that they brought. That would take over the energy economy of this country and turn it over to a trading scheme that was devised in part by people like Ken Ken lay of Enron back in 1997. Wind has a point out what Al Gore he met with Ken lay in the White House to help develop this kind of plan. It literally would run millions of jobs out of our country places like China and India where they would actually. Pollute more of emit more carbon but it also would cost thousands of dollars more every average average American family on their utility bill so it's a horrible proposal. There's a much better way to secure our energy independence."

" Okay let me play devil's advocate. Agreed with -- it'll be more costly and agreed that it's become a political issue or hot potato. But if we don't do anything about it now it will have longer term negative consequences not only for the amount of energy that we import from other countries. But also on issues like climate change. Is it not better to do something now as opposed to waist down the line and then faith perhaps deeper repercussions later on. I think."

" We should do something now on what I propose enough work with many of my colleagues on a comprehensive all of the above energy strategy. That actually utilizes our our natural resources here in this country. Not just oil natural gas and developing clean coal technology. But also using nuclear technology which they don't want to use which units at zero carbon used more that our country like they're doing and other countries like in Europe. A but but we would use the funding that we would get in the jobs that we we create by using our natural resources to fund the alternatives like wind and solar we would not putting tax on energy. We're American families would pay thousands more a year and we we. Run millions of jobs out of this country to places like China and indirect India where they don't have the regulations that we have today where even more carbon would be admitted for those people that think that carbon is causing problems with our."

" On a constant cash for clunker is a lot of people suggesting this is the legislation that would get people off the sidelines to go out there and by. A new vehicle the question -- What's your vehicle will they buy in is actually going to have. Work out pretty well and like that you Japanese automakers."

" Well you know on and that's another proposal where -- just throwing more money without really an idea how to solve a problem there was actually money in the president's stimulus bill. To encourage people to go buy cars I didn't mean they have to. Trade in their existing car because it. It's a gas guzzler of people making decisions right now on their own anyway people have been conserving. To cut back a special last year when when the gas prices rose over four dollars a gallon so why would do what they need to -- to conserve."

" Congressman let me just interject for a moment to -- that -- breaking news -- want to get your reaction to it we're hearing just now The Wall Street Journal. That Citigroup is going to need an additional five billion dollars that is above the conversion of preferred into common shares. In capital injections we've heard in the last half hour JPMorgan will not need any more funds neither will American Express. As we are hearing congressman bees that you have this dribbling leaking of what financial institutions will need it or not need. You tell me what yeah stress test results tomorrow what -- can demonstrate to the American people to the American taxpayers' investment."

" I think the first thing that they have to do is acknowledge that the taxpayers -- this country are Fed up with these bailouts when it and the bailout and these companies that are in trouble me to go and fix their balance sheets by addressing their fundamental problems you know back one of the financial bailout passed last year and I oppose that bill. Because it wasn't really focused on addressing the problem. They've never even resolve this issue. Of these these mortgage backed securities in these derivatives that have caused the financial industry to collapse we still have to -- reform Fannie Mae and Freddie Mac. They helped create this problem. By giving loans to people had no ability to pay and they were encouraged by the congress congress. Many liberals like Barney Frank -- passing some of these bailout bill today they were incurred by those folks so had a lot of people and -- feel about potentially being the largest shareholder in Citigroup Bank -- America. I don't think we should be I don't think we should all car companies I don't think we should owned banks I think we need to get back to market based solutions to these problems and unfortunately. Our country's going down such a road. That that literally is trying to have the government take over everything and it doesn't work and it puts our country deeper in debt we can't do this to future generations we need to get back on the path of fiscal sanity."

" All -- in Philly Philly in good -- eating yell at me like yelled that down the former vice -- I would never it never yell at you Alexis and didn't it was great theater it was really great they act. I don't have to be with you thank my three."