Gerri hello, everybody, im gerri willis. One of the big issues congress is promising to tackle is immigration. Congress passed the jobs act replaces green card lottery to permanent visas to those with doctorates in science, technology, engineering and math. Two outgoing republican senators introducing legislation granting residence to those bought in the country illegally. Though call it the achieve act, similar to the d. R. E. A. M. Act. I spoke to one. Bills cosponsors, senator kay bailey hutchison. Welcome to you here. How is your legislation different than the d. R. E. A. M. Act . Our legislation gives legal status to the young people in conundrum. They have grown up here. This is the country they know yet they are illegal because their parents brought them here before they were 14 years old. But we dont go into a citizenship track. We allow them to get in line behind the people who have been lawful and waited in line. So we dont give them a preference in line but we do give them a legal status and we dont prohibit them from getting in line if they choose to go the citizenship route. Gerri senator, what do you have to have to be able to be part of the program as youre defining it . You have to be under 14 when you came here and you have to be under 28 now. You can serve four years in the military or, you can have six years in which to get some kind of job training or degree. It can be College Degree of course or a technical degree, vocational degree, something that gives you a skill and then, from that point you would get al second visa that would allow you to work for four years and then have the ability to stay here as long as you want to and abide by the law. Gerri i want to ask you why it is important to have this legislation. One of the issues of course in the wake of the elections, a lot of critics of republicans said, the Republican Party in particular need to be more supportive of immigrants, have some kind of path to citizenship. Your legislation doesnt go that far. Should it go further and why is it important to make at least some steps in the direction of helping people become more fully integrated into society . Well, first of all we do welcome immigrants because there is a way to come into our country legally. What were dealing with is people who have come illegally and in this case they are children who really didnt have a choice. And they are here and they have been educated in america and were trying to give them a legal status that doesnt allow am fear of deportation. Allows them go to college or go to school and stay here if they want to. If they want to become citizens, they can apply and get in line and abide by the law as it is today. We dont change the law. We dont prohibit them. But we dont give them the cut in line before the people who have it withed for years to get that green card or citizenship. Gerri i want to switch gears here a little bit. You wrote a oped, calling on washington, calling on congress and the president not to raise taxes on Small Business operators. What do you fear and what would you like to see happen . I think were going to just wreck this very fragile economy if we raise taxes on the people who are creating jobs. They want to create jobs. We need to give the people in Small Business a stability, and a predictability. They need to know what to expect and all the president talks about is more taxes and more taxes and more taxes. And, on top of health care, thats why we have not gotten really any better off in unemployment than when the president took office. I just think its time for us to stop talking about making it harder to create jobs and instead, say we champion Small Business and we want you to grow and expand and give us a great economy by hiring people. Gerri senator, i like what you said about stability and predictability. I think thats what a lot of people are looking for out there. Thanks for coming on the show. Great to have you here. I hope you come back soon. Thanks, gerri. I love being on. Thank you. Gerri thank you. A federal tax credit for wind Power Producers expires in 2013. The Obama Administration is pushing for new taxpayer support for wind projects. With our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. I asked robert bryce, senior fellow at the Manhattan Institute about this issue. Lets start with the tax credit. Sure. Gerri this is industry, lets face it they dont have a whole lot to show for themselves yet we subsidize them to the tune of 1. 2 billion. Why . Remember the industry said were all about reducing carbon dioxide. That was the whole argument. Now it shifted we create jobs argument. If congress does not extend production tax credit well lose 37,000 jobs. They might get an extension but there is big push among utilities, a lot of groups to end the tax credit and it very well could be ended. Gerri it doesnt work that well. 84 fail to produce electricity when the demand is great. As a solution to our Energy Problems how would you rate it . It is not a solution and it is wholly dependent on electric utilities and electric generation that can be dispatched. We cant count on wind. When demand is highest wind output is generally at its lowest. Thats a big problem. Gerri irony, these antiwind groups are growing in number. Take a look at this. In the u. S. There are 100 groups. U. K. , 200. Europe, 500. What is going on . This is part of a growing global backlash against the wind industry. This is very successful portraying itself as green. We produce green energy, green lech i very, reduce co2 emissions. When you look at countries around the world, australia, new zealand, huge backlash in ontario, were seeing backlash against the large wind projects going in all over the place. Gerri talk about new york. You have an interesting example there. Just last month lawyers here in new york filed lawsuits, 60 residents in herkimer county, just north of albany, they filed a lawsuit saying these project, wind turbines, built within 1000 feet or so of residences are emitting all the noise, keeping them up at night, diminishing Property Values and they filed suit. I think it is indicative of the backlash. Gerri this is interesting. You say this is the first time it will be heard in court of law, the issue about the sound. In the u. S. , yes. Gerri seems to me that is pollution. Sure it is. That is the part, exposes the doublestandard, gerri. It just drives me crazy. Where is the sierra club . Where is greenpeace, Natural Resources defense council, socalled environmental groups, why arent they sustainedding up for the small landowners . These people are really getting a raw deal and the Wind Energy Companies of course are making handsome profits but these individual landowners are getting the short end of the stick. I wouldnt be happy if one of those set up next to me. You certainly would not. Gerri let me ask you about something called the Energy Strategy council. Right. Gerri theyre suggesting starting a national Energy Strategy council. Sure. Gerri would come up with a policy, souptonuts, every federal agency gets involved. Possible . Sure it is possible. This is the federal government after all but, what bothers me is that there are, this idea that well have a quadrennial review, a 4year plan just like the pentagon. I dont know that is the best model to work on. Gerri i have to ask you about bp today. Sure. Gerri because theres big news coming from bp. The federal government says youre disqualified from winning new contracts. Heres bp statement. Suspension that is due to bps lack of Business Integrity as dep straighted by the companys conduct with regard to the deepwater horizon blowout explosion, oil spill and response. Now the stock did not really get hit today. What is your estimate what this means . I think it will be a temporary move. I think the Obama Administration again is wanting to show, hold up bp, that were punishing them. This is enormous company. It is one of the biggest oil and Gas Producers in the u. S. Gerri doesnt it matter if it loses contracts from the u. S. . They have a lot of contracts already. So those contracts dont go away. There is enonly on new contracts. It is important but i think it is a temporary deal. Gerri robert, you must come back and sit on the set again. Always a pleasure. Always happy to be here, gerri. Gerri still ahead tonight, a mountain of new regulations coming our way next year thanks to congress. Well break it down. President obama promised to end crony capitalism. How is he doing . Well have a report card. How do traders using Technical Analysis streamline their process . At fidelity, we do it by merging two tools into one. Combining your customized charts with leadingedge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. We like this idea so much that weve applied for a patent. Im colin beck of fidelity investnts. Our integrated Technical Analysis is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Music body language without saying a word, it can tell you so much. Like someone is having a stroke. Know the suddesigns. Learn f. A. S. T. F face drooping aarm weakness s speech difficulty t time, time to call 911 immediately. The sooner they get to the hospital, the sooner theyll get treatment, and that can make a remarkable difference in their recovery. Learn the body language, the sudden signs, and spot a stroke f. A. S. T. Gerri brace yourselves for a tsunami of new regulations on the way. A study finds new regulation still under review by the Obama Administration could cost 106 billion before the end of the year. The biggest culprits . The epa and the energy department. Here to explain the director of regulation policy for the American Action forum. Sam, welcome. I want to start with this 106 billion number we were talking about in the break. This is a lot of money. So 106 billion. These are rules that are still being written that were supposed to go into place sometime this year. This as the laws not already on the books, this is what is coming. Tell us about that. Correct. For example, there are 25 economically significant regulation at the white house now, that is regulations with a Economic Impact of 100 million or more. Some are rules under the Affordable Care act, menu labeling rules, rules for vending machines, labeling requirements. So there is a lot at the white house now. There is lot of rules that are passed their statutory deadline. Past the deadline for the administration set for them, that have been waiting around for several months. We dont know why. You can assume might be because of the election because the pace were on right now is significantly lower than other reelection years. For example, 2008, 2004, and 2000. Gerri you say more than 80 of the rules have been under review for 90 plus days. Why does it take so long . Look, i dont even want to see the rules come into place but at end of the day they should have some efficiency about enacting them and writing them down . Sure. Well the Biggest Issue is transparency. You mentioned the 90day threshold. Under executive orders, 90 days is supposed to be the maximum. Roughly 80 of the rules have been there longer than 90 days. This is really unprecedented. Part of the issue as i mentioned is transparency the white house under law is supposed to release two unified agendas of regulations each year and the last one they issued was for last fall. Even that one was late. We dont have one for 2012 at all. We have no clue really beyond what is at the white house what is scheduled for 2013 and 2014. Members of the House Oversight committee. Gerri talk about your transparency problem. That is a big transparency problem. We were showing our viewers over your shoulder a list of regs coming. Some include epa boiler rules which will put significant burden with people who own factories and buildings everywhere. This is something people are really worried about. What is potential cost of Something Like that. Sure. Several billions of dollars. That bill has been in and out of the regulatory process. They tried to finalize it last year. It has been kick around the courts. Surprisingly enough it received blowback from even moderate senators. For example, two senators from maine are very worried about the boiler regulation. It has been at the white house for a while as well. And, it is just a matter of time. They will not hold onto the rules forever. Likely they will be released this winter or sometime in the spring. Gerri weve got final rules for labeling requirements under obamacare. Weve got, what i think is the farm dust rule, particulate matter rule. Is that farm dust . Well, epa stressed that farmers dont have to worry about the rule and, if you look compared to the other rules it is sort of seems like a drop in the bucket of 69 million. According to epas projections only a few counties that wouldnt be compliant. There are other rules. For example, the cooling water standards rule that would regulate power plants and how they use cooling water during the electric generation process. So the department of energy and epa are really busy, have a lot of rules that have been at the white house longer than the 0 days. Gerri no kidding. You have another interesting number. You say 19,000 employees are devoted to red tape. Tell me about that. Sure. If you look at the aggregate paperwork compliance burden of all the rules there is roughly 37 million hours. That 37 million hours, take Productive Work year roughly, 2,000 work hours, divide by 37 million. Roughly 19,000 fulltime equivalent employees. In theory those are solely dedicated to red tape compliance. Gerri sam, quickly what type of grade would you give the Obama Administration as transparency. He is supposed to publish two unified agendas. The white house has not published any and given no reason why they havent published any. Were still clueless why theyre not obeying the regulatory flexibility act. Gerri no clue but i guess transparency is in the eye of the beholder. Sam, thanks for your time. Thank you for having me. Gerri well be right back [ male announcer ] this is the age of knowing what youre made of. Why let erectile dysfunction get in your way . Talk to your doctor about viagra. Ask if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to your doctor. Gerri president obama promised to end the cozy relationship between special interests and politicians. After four years hows he doing . Up next gerri electric cars, remember the dream . Thats the president s dream. Listen to this. We can break our dependence on oil with biofuels and become the first country to have a million electric vehicles on the road by 2015. [applause] gerri kumbaya. A million electric cars on the road by 2015. Save the planet. Save the gas. Wait, somebody forgot to tell consumers. Despite tax credits of up to 7500 to buy the models, just 18,000, just 18,000 were sold in 2011. Boy, at that rate well have a million green cars on the road by, 2067. Or 55 years from now. Incredible. Where did we go wrong . Its easy. Government government involved. The feds are no good at picking what technologies regular americans are going to glom on to. Did the department of energy create amazon. Com so people would save gas driving to the mall . No, they did not. Did the post office invent skype so people could get in touch more inexpensively . No, they did not. Breakthrough products invented by private companies. Lets stick to cars since thats where we started. Model t, 104 years ago the nations first touring vehicle was first produced on an assembly line. Henry ford said his car was for the Great Multitude and how 16. 5 million modelts were eventually sold. 16 1 2. How about the biggest selling American Made vehicle ever, ford fseries, trucks. Amazing 35 million of those were sold since the trucks were introduced way back in 1948 and it is ranked as the number one selling vehicle in the u. S. For 24 years. And now, you can trick them out just like a sedan with tv screens, hightech sound systems, even back seats. But none of this, none of this required a tax benefit to boost sales. That is the problem. When government starts tinkering, al lining its priorities with the private sector, you get the chevy volt, fannie mae, freddie mac, all disasters, all costing the taxpayer. For more on this on crony capitalism, im joined by tim carney, senior Political Columnist by the Washington Examiner author of book, obamanomics and how barack obama is bankrupting you and enriching his are corporate friends, wall street lobbyists. This is the perfect guest for this siggment. Thanks for coming in. Appreciate you being here. What can we look forward to in the next four years do you think when it comes to crony capitalism . Barack obama will be probusiness in his own way, which is also progovernment. In other words he will be subsidizing industries he wants to succeed, regulating in a way that protects the biggest businesses in some industries and making sure that people dont make profits in ways that he doesnt want to succeed. You will see a lot more green energy stuff you saw in the stimulus bill and that he tried to push forward in his Climate Change bill. He will generally see a lot of guys who hire the best lobbyists will get ahead because they will get the sort of Big Gover