On the recordApril 6, 2011
Okay. Here we go. When we discussed the cap-and-trade bill, it worked sort of like the Seinfeld show. George Costanza comes to Jerry and says, ``You know what we should do with this show, what it should be about?'' Jerry says, ``What?'' George says, ``It's about nothing.'' Here's how cap-and-trade works: Factory A has something coming out of its smokestack; Factory B doesn't. So Factory B sells their ``nothing'' to Factory A. Factory A adds that cost to the cost of their products. Sooner or later, they raise costs of electricity, raise costs of their products. They can't make it in America any more. America figured this out long ago, and they said we're going to see energy prices go up, we're going to see jobs and income go down. We don't want it to work this way. We want clean air, clean land, and clean water. But the way these things are working is not what's going to make it happen. So the American people say don't export our jobs, don't export our factories, don't export our manufacturing and then end up importing emissions from other countries. It's a global problem. It's something we have to deal with. But having the EPA do this without working through Congress isn't the way to make this happen. Let's come up with a real solution here but not continue on down this road of exporting our jobs to other countries.





