STEPHANOPOULOS: How about on the issue of climate change? Because you and Sen. [Joe] Lieberman [I-Conn.] have come out for a bill which would have mandatory reductions in greenhouse gases.No wonder McCain admits he doesn't know much about economics. Who does he think is going to pay for GE making all that profit, since he says it isn't the American taxpayer? Will President McCain just mandate that profits will henceforth grow on trees? Where is the profit from those mandated fluorescent bulbs coming from?
MCCAIN: Gradual reductions, yes.
STEPHANOPOULOS: But they are mandatory.
MCCAIN: Yes.
STEPHANOPOULOS: Are you sticking by that?
MCCAIN: What I mean by that is that it's cap-and-trade, that there will be incentives for people to reduce greenhouse gas emissions. It's a free-market approach. The Europeans are using it now. We did it in the case of addressing acid rain -- look, if we do that, we stimulate green technologies. I have great faith in the American industry. General Electric, the world's largest corporation, has announced they're dedicated to green technologies. This will be profit-making business.
It won't cost the American taxpayer. It will make profits, because we'll move forward with the innovation and ability of American industry to address this issue.
That is exactly true as well. Mandates create profits for the few, at the expense of the many.
Sounds like the democRAT mantra - Sacrifice the many to benefit us few.