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Under cap-and-trade every citizen is capped at ten cupcakes. we need -- we used to have a picture of a model. i don't know what happened. she was very skinny and she didn't like cupcakes, so he has to buy -- he will trade money, trade for her cupcake certificates because she is too skinny. she doesn't like cupcakes. he loves them. he wants more than ten. you have this? the haves, and the have-nots. they had something. cupcake certificates. which aren't real. you want more cupcakes? go get more cupcakes. it's like going to the beach and somebody selling you a bucket of salt water. i can go get ...

Her ten cupcake limit. so he buys her ten cupcake certificates. she sells him. she gets his money. and he gets her certificates. now she's not providing cupcakes. no, no, no. she just gives him a certificate. the invisible cupcakes. so that way he can eat them. so he now has 20 cupcakes and she has none, but she is no longer poor. see, it all works out. now environmentalists like barack obama say the system will make prices skyrocket. no, i got that right. make prices skyrocket. because that's what he wants to happen, because people will be forced to use less energy. now, i don't want to be ac...

Cap-and-trade system, electricity rates would necessarily skyrocket. >> glenn: yeah, they would. just like here. if michael moore wants to buy up everybody's cupcakes, he will do it. but he's rich, remember? the poor fat person that is not rich, they can't afford to buy the cupcake certificates. so it sucks -- if you are a small cupcake eater, you are kind of in trouble. so now, who is the main beneficiary? well, the big cooperations and proopponents of redistribution of wealth. don't think about that too much. think about the earth. don't even think you are the loser here, because you have to...

Cap-and-trade system, electricity rates would necessarily skyrocket. >> glenn: yeah, they would. just like here. if michael moore wants to buy up everybody's cupcakes, he will do it. but he's rich, remember? the poor fat person that is not rich, they can't afford to buy the cupcake certificates. so it sucks -- if you are a small cupcake eater, you are kind of in trouble. so now, who is the main beneficiary? well, the big cooperations and proopponents of redistribution of wealth. don't think about that too much. think about the earth. don't even think you are the loser here, because you have to...

Her ten cupcake limit. so he buys her ten cupcake certificates. she sells him. she gets his money. and he gets her certificates. now she's not providing cupcakes. no, no, no. she just gives him a certificate. the invisible cupcakes. so that way he can eat them. so he now has 20 cupcakes and she has none, but she is no longer poor. see, it all works out. now environmentalists like barack obama say the system will make prices skyrocket. no, i got that right. make prices skyrocket. because that's what he wants to happen, because people will be forced to use less energy. now, i don't want to be ac...