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Senate Proceeding on Mar 19th, 2009 :: 3:58:05 to 4:06:55
Total video length: 9 hours 18 minutes Stream Tools: Stream Overview | Edit Time

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Lindsey Graham

3:58:01 to 3:58:21( Edit History Discussion )

Lindsey Graham: floor. a senator: madam president? mr. graham: madam president? the presiding officer: the senator from south carolina. mr. graham: thank you. one, i'd like to recognize the role that senator mccain has played on this issue. it is not something that he -- he comes to lightly when the debate of climate change is discussed. he -- he put together a cap-and-trade system with senator lieberman at a time when

Lindsey Graham

3:58:05 to 4:06:55( Edit History Discussion )
Speech By: Lindsey Graham

Lindsey Graham

3:58:22 to 3:58:43( Edit History Discussion )

Lindsey Graham: it's not very popular among some. but i think he understands the issue as well as any talked with. and the idea that what we put into the environment can affect our environment, i'm not a scientist but that's common sense to me. acid rain is a reality. it was a reality. you could see it in the southeast, where -- where the --

Lindsey Graham

3:58:44 to 3:59:04( Edit History Discussion )

Lindsey Graham: the president of the senate, presiding president of the senate lived in north carolina. and in south carolina. and it was a cap-and-trade system, a new technology that solved that problem. so it's not much of a stretch to me that the co2 carbon emissions that we're putting into our environment from transportation and power production is heating up the planet. but we can have that debate. if you're -- if you're -- if

Lindsey Graham

3:59:05 to 3:59:26( Edit History Discussion )

Lindsey Graham: you're serious about energy independence as aation, it would be good to get away from fossil fuels coming from the mideast. clean coal technology is something worth pursuing. the worst thing that could happen with the climate change debate planet and you passed on a better environment to your children only if did responsibly. really, the worst thing that

Lindsey Graham

3:59:27 to 3:59:47( Edit History Discussion )

Lindsey Graham: could happen to the climate change debates what this administration's doing. they have destroyed, in my opinion, a lot of bipartisanship by coming up with $646 billion budget numr revenue to be created from a cap-and-trade system they never talked to anybody about.

Lindsey Graham

3:59:48 to 4:00:09( Edit History Discussion )

Lindsey Graham: this is a rad, reckless departure from the climate change debate that's existed before the this 100100% aucon is a bit complicated to explain but is a major departure from the solutions that have existed in the past. under the mccain-warner-lieberman approach, 22% of the credits available to

Lindsey Graham

4:00:10 to 4:00:30( Edit History Discussion )

Lindsey Graham: users would be auctioned and there would be an allocation of credits. what i mean by that? a cap-and-trade system in its very basic level -- concept is that we're going to put limits onow much carbon you can into the air.

Lindsey Graham

4:00:31 to 4:00:51( Edit History Discussion )

Lindsey Graham: one for the power sector, one for manufacturing. and we're going put a cap on these industries and everything you emit above that cap, you are you are going to have to get a credit. if you have a 100% auction of these credits, hedge funds are going to buy these credits and bid them up.

Lindsey Graham

4:00:52 to 4:01:12( Edit History Discussion )

Lindsey Graham: so it would be very hard for an industry to purchase the credits. people start speculating with these credits. the northeastern compact as a 100% auction but standards they've decided upon allows basically -- it's greater than the current emissions that exist. so the credits only trade for $3 because they don't have much of a cap on anybody.

Lindsey Graham

4:01:13 to 4:01:33( Edit History Discussion )

Lindsey Graham: the only way you'll solve this problem is to have caps that will push people to get away from using carbon. but our manufacturing sector is hanging bay thread in the global econom if if you put too much after bud on these industries to move away from carbon and their cost of business goes up, vis-a-vis

Lindsey Graham

4:01:34 to 4:01:54( Edit History Discussion )

Lindsey Graham: their competitors in other countries, you're going to put them out of business. so in some circumstances you have to allocate to these industries some credits so that they can make it through the transition pse. this idea of having 100% auction on day one is a radical departure and it does generate more revenue. i think that's what this budget

Lindsey Graham

4:01:55 to 4:02:15( Edit History Discussion )

Lindsey Graham: -- this whole exercise is about. revenue, not solving the climate problem. they've got a budge problem and they're using the climate change debate to generate a asked the secretary of energy and -- i've asked the secretary of energy and the o.m.b. director, whereid you get d 646 billion to plug in your budget? what system did you evaluate that would generate that much money?

Lindsey Graham

4:02:16 to 4:02:36( Edit History Discussion )

Lindsey Graham: what did the credits tradeor? and nobody's the g.a.o. clue. i literal i think they made -- i literally think they made these numbers up. some people think they are talking about the $646 billion being half of what would be if you went to a major auction. that is major departure from the way we tried to solve the climate change problem in the past and i think it will destroy

Lindsey Graham

4:02:37 to 4:02:57( Edit History Discussion )

Lindsey Graham: the ability of congress to come together to solve a problem that is looming for the world particular think cufnly this cufnlt i hope proposal, get together, talk among oursees rather than making numbers up that will increase the cost to american

Lindsey Graham

4:02:58 to 4:03:19( Edit History Discussion )

Lindsey Graham: consumers by hundreds of thousands a this idea of using revenue from a crepe system tax plan of the administration is a complete departure from the past. i wouldn't expect my democratic colleagues to allow the republican party to come up with a cap-and-trade system to fund one of our projects. the money from a cap-and-trade system should go back into the

Lindsey Graham

4:03:20 to 4:03:40( Edit History Discussion )

Lindsey Graham: energy economy to help people comply with the cost of a cap-and-trade system and to develop technologies to get us away from using carbon. the $400 make work pay tax program is something i don't agree with. it doesn't apply to everybody who will be using energy and it is a departure from how we would envisi

Lindsey Graham

4:03:41 to 4:04:02( Edit History Discussion )

Lindsey Graham: that's a problem that has to be addressed. and if the administration is going to insist on a cap-and-trade system that would generate this much money from our economy at a time when we're weak as a nation economically and w to controversial programs, they have done more to kill the

Lindsey Graham

4:04:03 to 4:04:24( Edit History Discussion )

Lindsey Graham: climate change debate than any group i know of. you've got some people o disagree with the idea that climate change is real. i respect them. they are tacking it up front. we're having a genuine gaivment but to say that you believe in climate change as a reality and you devise a program like this without talking to anybody means that you've put climate change

Lindsey Graham

4:04:25 to 4:04:45( Edit History Discussion )

Lindsey Graham: second to the budget problems that you've generated by a massive budget. so this is just not -- this is not going to bear fruit. this is a very low point in my opinion in the bipartisan effort tory to create a meaningful solution i hope the administration will reconsider.

Lindsey Graham

4:04:46 to 4:05:06( Edit History Discussion )

Lindsey Graham: and as to my democratic colleagues, those of you who have stood up and said, we're not going to let reconciliation where -- we're only going to need 50 things regarding climate change, we're not going to go that route, you've done the senate and the country a lot of good. because if you've ever tried that you've destroyed the position of the minority on a

Lindsey Graham

4:05:07 to 4:05:27( Edit History Discussion )

Lindsey Graham: major piece of legislation, and that's not w doing. that's certainly not the change that anybody envisioned. that would be a radical departure in terms of how reconciliation has been used in the past, to take an issue like climate change, which mass a massive economic impact, is politically very difficult with a lot of honestly held differences and jam that through

Lindsey Graham

4:05:28 to 4:05:48( Edit History Discussion )

Lindsey Graham: reconciliation, well, that would not be the politics of the past; that would be the politics of the past on steroids. that would be taking us to a place where no one has gone before. and if you want to destroy any chance of working together, that would be a good way of doing it. now, as to my colleagues on the democratic side who see through that god bless you. stand up and not let that happen.

Lindsey Graham

4:05:49 to 4:06:09( Edit History Discussion )

Lindsey Graham: so, one, i discussion with where i began. senator mccain and others have charted a path that would lead to aipartisan solution. i hope the consider nuclear power because it's very disingenuous to say that you want to solve the

Lindsey Graham

4:06:10 to 4:06:30( Edit History Discussion )

Lindsey Graham: climate change problem and you will not address nuclear power has part of the solution. 70% of the energy that's created in america that's nonemitng, that has no carbon base, comes from nuclear power. when he campaigned for president, candidate obama openly talked drilling and nuclear power. when his budget comes out,

Lindsey Graham

4:06:31 to 4:06:53( Edit History Discussion )

Lindsey Graham: there's nothing in the budget to enhance nuclear power, and yucca mountain is now going to be closed apparently, and the idea that reprocessing of spent fuel is the way to store less fuel seems to be resisted by this administration. i thought we were going to have an administration where science trumped well, i can assure you, when it comes to nuclear power, politics

Lindsey Graham

4:06:54 to 4:06:55( Edit History Discussion )

Lindsey Graham: trumping science.

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