This is a rush transcript from "The Five," August 19, 2011. This copy may not be in its final form and may be updated.
GREG GUTFELD, CO-HOST: So, you know the Obama administration is in trouble when The New York Times gives you grief. For instance, remember Obama's green initiative push? Well, when it comes to finding green jobs, you'd have more luck locating healthy tooth in Charlie Sheen's mouth.
The Times says, quote, "The green economy is not proving to be the job creation engine that many politicians envisioned. President Obama once pledged to create 5 million green jobs over 10 years. Gov. Jerry Brown promised 500,000 clean technology jobs statewide by the end of the decade."
Yet where are these jobs? Well, you'd have better luck finding a date for Janeane Garofalo. You'd have better luck finding an uneaten french fry on Al Gore's plate. You'd have better luck finding original skin on Kathy Griffin's face. You'd have better luck finding a private sector job on Barack Obama's resume.
In some -- that was for you, Eric -- in
ERIC BOLLING, CO-HOST: Thank you.
GUTFELD: -- some, The Times concludes, jobs that are green are just a pipe dream.
So, I go to Kimberly first, because you're wearing blue.
KIMBERLY GUILFOYLE, CO-HOST: Yes?
GUTFELD: Isn't green jobs the biggest hoax since the moon landing?
GUILFOYLE: Well, let me tell you something. If you want the actual facts and statistics on this?
GUILFOYLE: This is what I love. Now, the Brookings Institute found clean technology jobs accounted for just two percent of jobs nationwide, and only 2.2 percent in Silicon Valley. This is what I've been telling people. People will say, oh, we're going to improve economy. Let's sponsor clean energy. Green jobs is going to be the answer to everything in the future.
The reality is, it isn't. And it's not going to be enough. And it's not going to be enough definitely to get us in the right direction for jobs. I think, right now, it's a lot of green hype.
GUTFELD: It's green hype.
Eric, this fact, California spent $60 million on green jobs. And they created 719, which is $82,100 subsidized job -- per job. That's pretty incredible. That's not success.
BOLLING: That's pretty good, though -- compared to the rest of the programs that are going.
Here's what's going on. The green energy -- yes, it's the way of the future. But the private sector has to come up with it. It can't be government subsidizing people, throwing $500 million here, $1 billion there, in trying to create an economy or the technology that's not ready yet. China is doing it because they are doing it from the private sector in conjunction with the public sector.
But here's the issue. We're spending -- we're throwing money at projects that aren't ready to do a darn thing.
Put solar panels on the cars? Remember that thing.
GUILFOYLE: And they don't work.
GUTFELD: I had that on my bike.
GUILFOYLE: I had it for my house in the -- U.C. Davis when I was in college, had solar panels on the roof. Let me tell you something? You like cold showers?
You probably had a few. I particularly don't like them.
GUTFELD: You caused a lot of cold showers, Kimberly. Believe me.
Bob, before you fall asleep, what should Van Jones do now?
BOB BECKEL, CO-HOST: Why are we talking about Van Jones?
BOLLING: He was Obama's clean energy "czar."
GUILFOYLE: He's the green giant.
BECKEL: I don't want to get into it, but I think Van Jones got a bad rap from certain people.
GUTFELD: Even Bill Gates says alternative energy is a bad idea.
BECKEL: OK. Let me just say this about green energy. One of the reasons it isn't doing as well is we were way behind the curve. The Indians and the Chinese had gotten way in front of us. And green energy will be -- green jobs will be the future. And the United States, typically, because of Republicans and conservatives and right wingers hold up the money we need and progress to go forward because they want to burn their fossil fuel, 13 miles an hour jet cars.
ANDREA TANTAROS, CO-HOST: Holding up what money? Obama appropriated
$2.3 billion already.
BECKEL: That's nothing! For energy?
TANTAROS: This is the way the liberal talks. That's nothing. Look what it did to Europe, OK? In Spain, green jobs destroyed 2.2 jobs for every one green job.
In Italy, the capital needed for one green job could have created five green jobs.
BECKEL: Where do you guys get these statistics from? Do you get it from Karl Rove?
TANTAROS: Not from the Beckel institute, no. These are actually -- these are -- Germany. The cost of household energy is up 7.5 percent. There's no market for it!
BOLLING: One of the most blatant examples, right here in America, as we gave G.M. $50 billion. We floated them, brought them out of bankruptcy. And they built the Volt and we talked about it several times on the show, but 125-volt -- 125 units sold last month.
BECKEL: What's your answer to this?
BOLLING: The answer is let the private sector do it. Let it --
BECKEL: Well, what is G.M.?
BOLLING: G.M. is government owned entity.
GUTFELD: G.M. is using our money to get buy its cars.
BECKEL: When you say the Chinese let the private industry take care of it --
BECKEL: -- what private industry in China?
BOLLING: I'll tell you what it is. Here's --
BECKEL: It's a communist country.
BOLLING: U.S. Ex-Im bank loaning money to private industries in China and India, our money, to develop green projects in China and India.
BECKEL: And you know part of the jobs went to? To a U.S.-based company that's in China. You know why? Because China is the only one --
BOLLING: Who are they hiring, Bob?
BOLLING: Who are they hiring?
BECKEL: They're bringing over American citizens.
BOLLING: Oh, get out of here.
GUTFELD: I want to say this
GUILFOYLE: They're supporting America, Greg.
GUTFLE: We were talking about the cars. Leo DiCaprio actually got a beautiful new car. It's the most expensive environmentally friendly car. We don't have a picture of it. We have a picture of one of the recent models? It cost over --there it is -- it cost over $100,000.
GUILFOYLE: Guess who else is getting one? Al Gore. Take the key out of his lock box.
BECKEL: It looks Eric's car.
BOLLING: -- got a huge government loan. If I'm not mistaken, I they got something around $400 million to put that car. So, Leonardo DiCaprio would buy the car.
BECKEL: And Chrysler and G.M. are alive and well today not thanks to you and all you people who want to sell them down the drain.
TANTAROS: Bob you can't even tell us what a green job is.
BECKEL: I can tell you what a green job is.
GUTFELD: That means something else in his life.
BECKEL: Wind power is a green job creating -- and, you know, a lot of wind power is generated in the west.
GUTFELD: Don't bring up wind power. It's so pointless. You need alternative energy to back it up. You need batteries.
BECKEL: Oh, that's --
GUTFELD: Yes, because it's intermittent. It's intermittent, Bob.
BECKEL: This is what happens when you live in Manhattan and you do a 2:00 in the morning TV show.
GUTFELD: You needed an idle engine there to back up the wind.
BECKEL: Oh, that's just bull --
GUILFOYLE: It's not self-sufficient. You do have to have another alternative source of energy to back up because it turns on and turns off.
GUTFELD: It only runs in partial capacity.
BECKEL: That is, I want to say to our audience, if you want to buy into that, fine.
BOLLING: How many human beings does it take to turn that wind turbine? None!
GUTFELD: Six Tea Party people.
TANTAROS: Just let Bob talk.
BOLLING: Six Tea Party?
BECKEL: No, that's to screw a light bulb in.
GUTFELD: DiCaprio's car was called I think it was called Fisker Karma.
But I want to talk about -- there is one bright spot on the job front, the growth in regulatory agencies. Combined agency budgets have grown 16 percent in 2008 to $54 billion while the economy grew only five percent, with 281,000 new jobs.
So, the regulators are doing great while everybody else in the private sector is suffering.
BECKEL: Well, and for good reason because the free market ran amok and put us in a Great Depression. Why it is --
GUILFOYLE: Oh, my gosh!
BECKEL: No, wait a minute, you want to defend those Wall Street bums? You want to defend those people that put us into the Great Depression? The people that backed up that disgusting S&P fraudulent operation?
GUILFOYLE: Look, I'm not a captain of their fan club. You don't see me with the pompoms.
BECKEL: They're a bunch of crooks and they should be in jail.
TANTAROS: Even the progressives, Mike Mandel of the Progressive Policy Institute, Bob, one of your good buddies, came out this week, has a piece on CNN.com and he's telling Obama, cut the regulations if you really want to spur growth.
BECKEL: Oh yes, let's let the free market just run around.
GUTFELD: Wait a minute. It's why the companies aren't hiring anybody. Regulations are preventing them. It costs too much to hire people.
BECKEL: Let's have child labor and no weekends off.
GUTFELD: I like that idea.
BOLLING: Greg, can we point something out? Bob is pointing the finger at Wall Street. Look, they did a lot of things wrong, but who benefited -- did Wall Street benefit more under George Bush or under Barack Obama? What do you think?
BECKEL: I don't think any question --
BECKEL: That's just dead wrong.
BOLLING: Barack Obama forced the amount of money --
BECKEL: The amount of money investment bankers made in the first -- in the last quarter of this year -- first quarter of this year is more than they've ever made.
GUTFELD: Here's an interesting fact. Andrea, small companies will spend
36 percent more per employee to comply with these government rules. And that's why we're having unemployment.
BECKE: Oh that's ridiculous.
TANTAROS: Well, and -- that's why no one is hiring, too, is because they're petrified. The market is petrified. It wants leadership and it doesn't believe there are not going to be a slew of more regulations. In the first 26 months, there were 75 new regulatory laws that cost, as you pointed out, $26,000 per -- I mean, it's outrageous. If you're a small business owner, you wouldn't hire.
GUILFOYLE: It's killing business in America. That's the problem.
BECKEL: Most of these regulations were there before Barack Obama.
GUTFELD: There have been major 75 new rules since Obama took over. In July, there were what? How many regulations? There are about 100-something, 200-something new regulations.
BECKEL: So, you wanted to have no regulations of anything?
GUTFELD: I wouldn't mind a freer country. Yes. And I like to take barriers away.
BOLLING: I'll make a deal here. Just eliminate two new regulations, two new rules. Fin reg or financial reg and Obamacare. Get rid of those, we'll be OK.
BECKEL: The last thing I'd do is to get rid of financial regulations. I'd put them in jail before I took --
GUTFELD: If regulators ran the NBA, there would be one player and 30 refs and no one would come.
BECKEL: Well, that's good because I'm bored with that game anyway.
GUILFOYLE: This is just increasing jobs on the federal level. Too many regulations, something that proves to be inconclusive for businesses that are trying to hire, and trying to make decisions and more regulations are stifling them, choking the business --
GUTFELD: I got to move on, people.
BECKEL: The biggest unemployment, the most number of jobs lost were lost in government.
GUTFELD: All right.
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