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Factor, the fear factor is what gets people out there to get a good job. it scared me just listening to him. i love this idea. i think it s great. finally a private college stepping up and saying, let s think about the american family. let s think about the students first. i wish other colleges would cut tuition first and not gouge american families. but i think this only works at the private level because we ve got these public universities operating on the taxpayer nickel. i don t think the taxpayer will go for that. steve. a good experiment or not? they have a right to make that experiment. but why don t they use that money to cut the tuition in the first place? not have that disincentive to find the better paying job. how about getting more bloat out of not just that college. i m sure there is a little bit, but out of universities, which have expanded in terms of their administrative costs because it s subsidized by the u.s. government. by the way, david, all of this is goi ....
These investments and there is a wealth of data that shows that some of these investments have been very wasteful. going back to natural gas, there is a lot more the government can do. great example, we should be building out infrastructure with some of our green money to be ship to go places like china where demand is skyrocketing. a big battle over that right now. the question is, which side the president will come down on. but steve, the fact is that so often behar lip service given to things like natural gas. but look where they re spending the money and it s on these battery issues that always fail, or wind mills that don t perform as they re claimed. yeah. rich made a good point about r and d, government has a role in r and d. but in terms of development, it s got to be the private sector and liquefied natural gas, the government will block a lot of those facility attention, even though some are up and ready to go. so we ve got a huge market. here and around the world. let s ....
They have over $400 million in loan guarantees for the federal government. turns out, according to the new york times, they don t deliver what they promise. yeah. i m going to stay away electric that issue right now for a little bit. what i am gog say is, yes, we are seeing a lot of waste and i do think there is a lot of room to streamline that waste. but i don t think we should be cutting off all green spending. going back to president obama and what he pitched this week in his state of the union speech, he s talk being a $2 billion clean energy transportation fund. yes, he talks about electric vehicles. i have my issues with those. but he s also talking about going back to steve s point, natural gas and domestically produced biofuel. if we want to compete against on the world stage, against china or india or brazil, then we need to be look at those areas. we need in the gas. i wish he would tell the epa that. rich, what about the argument that rick made, which is we re always h ....
Buildings. they ve improved residential. and they have come so far. three years ago, forbes called them one of the greatest dying cities in america. today the president is talking about them in the state of the union. they have turned the corner. this actually worked. i m happy to take you all with me to see it. morgan, could this not only turn communities around, but really create jobs? you know, i love that concept, but it s a day late and a dollar short. we re already seeing the private market all over this. about $10 billion estimated by jp morgan from the private sector going into these projects already. we lost 2 million construction jobs in the down turn. we ve soon 300,000 add. if you look where they ve been added, that s in new home construction and it s in trade contractors. so we re talking about remodeling and maintenance of buildings already existing. you want to create jobs? create jobs around infrastructure because those are the construction workers that are still ou ....
With some kind of government support for things that will get us independent from the oil sheikhs, go with natural gas. i have no problem with natural gas. the president has it right with all of the above. the president says that, but he s not doing it! that s the point. tell that to the epa. did you know that when the original car was invented, when it came about, americans didn t respond to it. they thought the horse and buggies were fine. so you think [ laughter ] you think eventually americans will grow to love the electric hold on a second. eventually american also grow to love the electrical car? yes, it will. until that happens, we have to pour all these billions into it. do you agree, steve? absolutely not. entrepreneurs will do it. what made the car something working people could afford was henry ford, he did not work for the raw government, got no money from the south government. he did it on his own and that s wait it should be done. there is no venture ....