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Regulation through. >> eric: if you were in the white house in light of the new findings, what would you do? >> i would cool it. i would sure wait until the 2010 election. and then recognize that it's going to get caught up in the courts for years and years and years. >> eric: so using executive orders or executive powers is not a good idea right now? >> it's politically dangerous to impoimpose very large implict taxes on american people at this stage of the economy and in this stage of the political process. i don't know what is empowering them to do this. can't figure it out. >> eric: give a...

>> the history of came out of the c.r.u. that featured heavily in a lot of background for legislation that went through the house of representatives. now we find out in fact they didn't keep records, they lost a lot of data. so people are questioning the origin and pro prov prominence data. the more it happens the more congress want to pass cap and trade and it leaves it to obama to ram it through regulatory and e.p.a. it will come back up and up when they try to do this. >> eric: stay on professor phil jones. we'll get to that in a second. pull the full screen up. this is what he claims to be...

Money is dependent on this man's data? >> god, billions, maybe -- potentially trillions of dollars. to say when you are the recordkeeper for globe temperature that you are not a good record keeper, that is come back to haunt for a long time. >> eric: the e.p.a. mr. obama saying there are five gases. be fair, the five dangerous gases have been around for a long time. there have been several administrations that agree they may be dangerous. what have the obama administration done with the e.p.a.? >> recommended them issue finding of endangerment so e.p.a. will come out with some regulations. giv...