On the recordMarch 10, 2014
It reminded me of growing up as I did. My mother worked in the auto industry, and there was a time when we had a great debate. My grandfather complained based on something he heard on the radio about these catalytic converters which were going to ruin the American auto industry. What happened is when we decided to clean up emissions from the auto industry, we actually created an entire new industry around catalytic converters, which for many years afterward was an export industry for the United States. Since we took the first step, none of the other countries understood the technology well and could manufacture it well. So as the rest of the world followed our lead to clean up their pollution, they were importing our catalytic converters. We can look at example after example where this has been the case. When we allow the market to innovate, we can solve the most challenging pollution problems.





