because it s so important. it s magnitude higher kilowatt of electricity produced. by the way, that was the obama s own energy department that said the subsidies in seoul or five to 10 times of what the oil and gas industry gets. let s talk about george w. bush s department of energy who said we have a saudi arabia wind energy in the plain states why do we need this climate deal? you keep saying this is this wonderful new technology that will take over. why do we need a deal to do it? because, as you have said, you have said, energy is special. you have to have rules for the road, you have to have clear market signals over a long period of time, otherwise you choke off all the capital. nobody will invest in a clean energy market when the rules are all over the place. we need a clear market signal your guy just pulled out and
thank you. van, why does this have to mean that the u.s. is seeding anything in terms of manufacturing green products or green jobs in exporting them abroad? we have a private energy sector that is able to do whatever it wants to do. well, there s a couple things. first of all, rules matter. market signals matter. i don t think people have understood we talked about science and climate and polar bears and all of that sort of stuff and in fact we are in the middle of an extinction event. but let s talk about how america gets to be great again. let s talk about putting america first, let s talk about that. this is the way that you do it. you get the rest of the world bought into a carbon constrained growth strategy and pull the rug from out of the middle east and they say where are we going to get this clean energy technology? have you ever heard of tesla or
age. do you know why? because in the 1950s, the government of the united states bought more than half of all computer chips produced. they were bought at extra o extraorbinant costs and then they started to buy the mainframe computers up to the point where the costs go down. that is what is happening in clean technology. that s what germany does, that s what china does because they see that the future is going to be a land of clean energy and they want to dominate it. so just as the united states did with many technologies in the past, which produced the internet, which produced gps and every leading technology company of today, the united states has to provide some market signals and if you take away the paris a accords, you take away that surety. that s the danger here, someone who will dominate these clean energy sectors and they may get
ordinary people. so i feel a little sorry for the people at the irs. they ve been given an impossible task. wow. true. i tell you, you may be right, but somehow it s very hard to feel sympathetic for these people. you can t reform incompetence. let s face it. if you re wildly incompetent, you re not going to go work for government. you don t have market signals disciplining your actions. so why should we be surprised by this. do you blame the irs or feel sorry for them? i don t know if i feel sorry for them. i feel sorry for all these companies that are getting hacked. it s not just an irs problem. this is just this is a business. you look at sony and anthem blue cross and the fbi director said recently two kinds of companies are out there. those who have been hacked by the chinese and those who don t know they ve been hacked by the chinese. the bottom line is it s a big problem. there s so much complexity in our tax code that gives power to
this scandal? let me explain. senator menendez is accused of covering up for a doctor friend of his, melgen, who apparently overbilled medicare $9 million. and this is going on all over the place with medicare. i think the overcharging is the symptom of a bigger problem. government by definition is fraudulent and incompetent not because they re bad people but because they re not driven by pure market signals. the founders ubd that, wanted local governments so that mistakes would be confined there. with this we have national programs no surprise the errors are large. we want to minimize what senator menendez is charged with. a serious charge in itself. look at the numbers on medicare fraud. just extraordinary. $60 billion in 2014 alone improper medicare payments. i think this calls to attention i look forward to this going to trial to take a look at how a system based on