today. good to see you, sir, thank you. >> thanks for having me. >> shepard: what did you tell them? >> well, my job was to talk about the economic impact of the spill and there are two stories of economic impact. one is the impact of the spill itself, very acute if you look at the fishing industry, if you look at the tourism industry. they're going to feel it directly. another story, another impact, is the impact of the moratorium. the fact is the economic impact of the moratorium is probably going to dwarf the actual impact of the spill itself. >> shepard: of course when president bush had a similar thing happen he stopped in until they figured out why it happened. i wonder what your thoughts are on this. if they had not -- just for a second, if they had not tried for a moratorium and god forbid another well had exploded like this, how do you think people would feel about the folks who didn't put the moratorium in place then? >> no, you're articulating a