Cost of Climate Change

" Now earlier tonight -- house passed the cap and trade -- tax legislation the Democrats argue."

" We'll help combat -- global warming."

" But the cost of that we'll have an effect on families all across this country now The Wall Street Journal warns that this bill includes the single largest tax increase in American history."

" And joining me now is the author of the brand new book catastrophe. Former Clinton adviser Dick. Morris."

" Well first -- is what 219 into twelfth. Well does what it was was one vote more of one vote more than needed and what I'm sure they did. There was no that made -- big thing they were rounding up votes nonsense what they were doing was having a bidding war for who they would lead off the hook. The what happened to the situation like this is the party decides to pass this bill from all of them there were all responsible. And then they say what you -- the most vulnerable members -- you don't vote and the next thirty most vulnerable but the 38 he's got to vote yes. And then there's a fight I'm 37 from 38 but the number of votes forests -- preordained conclusions so what's gonna happen now. Is all of these conservative Democrats are going to go to the district and say I voted against it which is actually nonsense well above but the what is it is the single largest -- it's -- jobs killer is doubling of the utility bills if you're in a coal fired region. It literally will double your you --"

" I thought why is -- and I understand the coverage of Michael Jackson spent a lot of time on -- tonight and we spent a lot of time on on this bill and on nationalize health care leading up to this. Most Americans don't know that we're gonna lose two and a half million new jobs and that your electricity bills as a result of this vote tonight. Well what may -- as high 3000 dollars prepay for and a family."

" In researching the book catastrophe I did a good interview with John Bolton. And he made former UN ambassador and he made the point that this is a massive. Massive. Transfer of wealth from the Northern Hemisphere the developed countries to the Southern Hemisphere the underdeveloped countries. Because basically the utility you know it's like the old papal indulgences. They have to pay for the right to -- To pollute. And the people would get the money yard you know forget what part of this is either of these companies are going to pass the cost on to consumers -- you the American people or. They don't end up moving jobs overseas well it'll be both. They'll pass the cost onto the consumers and when business looks at its high utility costs they'll move overseas. We have only just begun to revive the manufacturing sector. Because transportation cost began to -- labor costs and that -- We've just given that up. And the Chinese by the way aren't doing anything to reduce this is this is so they have this huge competitive advantage it would determining where unilaterally. Disarming. In terms of -- capitalism and competitiveness with the with countries like that China is that is that there. It's just put all things together. He's borrowing -- record amounts raising interest rates hurting the recover. He socializing medicine so that did we -- have like cancerous -- Canada's 16% higher death rate. He's doubling utility bills he's getting increased taxes by over a trillion to pay for its health care legislation. He's letting in illegal immigrants -- amnesty provision with the pot of gold of health care insurance waiting at the other end for you jumped the fence the border. This is -- I coined the phrase. A catastrophe. Well looks good title -- about north -- but when you I don't know what's really under -- when does this become now his problem nationalizing health -- capital tax. CEO pay insurance company's financial institutions banks park quadrupling the deficit quadrupling -- What does this become Barack Obama's political problems well there's a question that I -- and asks that I worked with him on. Where he says is this Bush's recession or is this as a result of Obama's policy more and more last month it was 6227. -- was bush. This month it was 5439. I predict that in July it's going to be even by August of will be Obama's problem and by September -- be in trouble and you know what. Obama agrees with me you know I know he's rushing all this stuff through. He's got to keep this going well he's got some popularity level where kids does that mean that health care is in jeopardy hopefully yes healthcare is in jeopardy and so was this climate change bill how do we tell you stop fidelity passed tonight the house. That while the Senate is a very different story. And these senators from swing states like Evan Bayh from Indiana. I don't know if the Indiana voters get to enjoy a doubling that of the utility -- Dixon of Illinois you think that -- pressure on those guys has to be edited -- else."

" And they can't buy -- it is enough money to bide their support -- this same politically I'm gonna get killed -- like a -- politically I'm gonna get killed from recommend. I -- you -- volatile utility rates -- additional 3000 -- right now by the -- you book just came out you're gonna be at book review in Huntington Long Island right tell us about. Plus signing books and giving a speech tomorrow night tomorrow night that's coming up at 7 o'clock netbook review in Huntington Long Island are plentiful we're -- securing California you don't have to comment on the plane click -- Thanks for being most appreciated and that is all the time we have left this evening as always."