I have to get to the last part. Rather than to face these issues head-on, I am going to share something that happened last year and then again this year. There is a very wealthy person named Tom Steyer. Tom Steyer has a mansion that overlooks the Golden Gate Bridge. He had a fundraiser for Barack Obama last year, raising a lot of money, but the one I am more concerned about is the fundraiser he had when he announced--this is just within the last month--Tom Steyer, a very wealthy person, said he was going to personally donate $50 million and raise an additional $50 million to try to do two things. One is to resurrect this whole idea on global warming since the people do not care about it anymore. As a result of that, we had an all-night vigil. Remember that? That was right after Tom Steyer made his announcement. The second thing he is mandating is to kill the Keystone Pipeline. There is a lot of money out there. The regulatory burdens already being placed on this country are enormous, and the cost of regulations are, perhaps arguably, the worst problem facing this country. Last week the Competitive Enterprise Institute published a major report calculating the cost of the President's regulations at $1.86 trillion. To put that in perspective, Canada's entire GDP is $1.82 trillion. India's is the same amount. So that is what the cost would be, according to the Competitive Enterprise Institute.…
On the recordMay 7, 2014
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