green light bulb that will be affordable for american families. get this, the cost of that new light bulb, 50 bucks. doesn t sound so affordable to me. congressman michael burgess has been sticking up for our traditional bulbs since the government ban was signed in 2007 and he joins us from dallas. is there a ban on incandescent light bulb? the manufacture is not occurring any longer. in the last appropriations bill, i had an amendment to prevent the manager department from enforcing that ban so it s still possible for companies to manufacture in the united states but the reality is people aren t getting back into the market. 100 watt bulb will be a thing of the past. all right, congressman, what s so affordable about a $50 light bulb anyway? it s not when you consider it s 60 watt counterpart the incandescent variety is $0.79 on the shelves of my retail outlets
here in texas. there s that discrepancy. they say these are going to last longer and burn less energy but i got to tell you, the difference between $0.79 and 50 bucks, that s a lot of time that light bulb has got to last and you ve got to anticipate the electricity prices will go up over and above where they are now. the reality is the change-up doesn t help that people that much. now, i m all for energy efficiency. please don t misunderstand. what i m against is the government telling us what we ve got to do. in this case, the prize money, yeah, i could be ok with competition generated by a prize but it doesn t look like it was well thought out and why in the world wasn t cost a consideration in awarding that prize? sir, very quickly, the department of energy released a statement and says the prize competition played a critical role in driving manufacturing and engineering innovations in the u.s. lighting industry and helping to make the next generation of energy saving l.e.d. lig
one thing we ve been seeing over here is the back of this truck. if you happen to look at mud flaps, you can see the water has just lapped that area. we ve been keeping a sharp eye on that and you can see where it s been going. a lot of cars haven t been going any place especially on these roads. tony, they have had parts of i-95 close down due to rising floodwaters and the back streets like this are no surprise. they ll be closed off also. a couple of other big issues we re having, two waste water plants and one in west warwick has been closed down and people are advised not to do any laundry until the waters begin to subside. we re hoping that things should continue to get better as we make our way closer to the weekend. we re expecting the dry conditions to come in and the waters should begin to drop and then the real cleanup begins, but for the latest in the forecast we ll get the latest from chad myers throughout the afternoon and jacqui jeras this morning. jacqui, the river has
sheets which also helps. and then this thing. there aren t a whole lot of alternatives out there. what are you going to put your money in the money market and earn 5 0.79%? no. invest in real estate? no. all the money on the sideline they are looking at the landscape and saying stocks, well, that is my best option. neil: thank you have very much, chris. the qe 2, quantitative ease. the federal deserve buying up treasury notes and bonds to support the market and the economy and keep the flow, a lot of folks say artificially. all that has been good news for wall street. not necessarily for main street. while stocks are up, so are gas prices. is not new yous to you folks. $3.61 today. up more than 50 cents in the last three months and with no end in sight and the violence up there just escalating in the middle east even higher prices in the cards over here. to phil flynn over at the chicago mercantile exchange.