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.
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.
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
ROTFLMAO... but then, he admitted that he doesn't know anything about economics.
Wait-a-sec. This really isn't funny. I'm not laughing. I'm crying...
ROTFCMAO