For the taxpayers' sake, in GM, just to break even, the new General Motors will have to get up to a market capitalization of about $70 billion.
Jim Bunning
The Public Record
Jim Bunning is a former United States Senator from Kentucky, serving from 1999 to 2011. A member of the Republican Party, Bunning was known for his strong conservative positions and advocacy for fiscal responsibility. Before his political career, he was a professional baseball player, notably a pitcher in Major League Baseball, where he was inducted into the Baseball Hall of Fame in 1987. Bunning's tenure in the Senate included a focus on issues such as energy policy and workers' compensation reform, often criticizing the Department of Energy's handling of compensation programs for workers.
It seems pretty clear to me that the taxpayers will never get back their money.
Just like when will General Motors come out of bankruptcy. That's a question of timing.
Unless we can get China and India and Russia on the dotted line, as far as a global reduction in emissions we can get to zero emissions in the United States.
My problem is that the Department of Energy, in its renewable portfolio standards and some things doesn't mention nuclear or coal anywhere.
If the goal of cap and trade is to reduce emissions, do you support making nuclear a component of DOE's Clean Energy bill?
Every time I get into a discussion in the Finance Committee or this Committee on Energy on cap and trade I get the argument from a lot of people that the United States must lead.
They thought that only the Secretary of the Treasury could really get it done. Not understanding, obviously how democracies work since it's a little different.
We must, however, develop all of our resources and not get into a political 'name game' of what energy sources to use.
If we can capture the carbon pollution, coal will continue to be able to play a very large role in our electricity mix going forward.