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this is based on the forward looking indicators of the business cycle. that's all we do is watch those indicators, monitor them. there's an overwhelming message when we look at those indicators that is consistent only with the new recession starting here. when you think back to 2008, while we made that call, then it was prior to the lehman crisis economists were looking backwards at gdp. >> once we saw the lehman crisis everybody was on board with the fact there was a recession. before that there was a question. >> correct. when you see gdp positive or jobs numbers positive, you say ...

We seem to be on a treadmill to nowhere. >> well, the key i'm just correct, it's up to 30%. that's in california, the electricity. hawaii has a renewable portfolio standard as well. about 33 states have invoked these and the wind industry is also hoping to get a national renewable electricity standard in place even in the -- perhaps even through the lame duck congress. but the reality is when you look at what has happened so far and the key study was done by an energy analytics for a firm in colorado, they found no reduction at all in texas or colorado or a reduction that was so small as to be...

Jobs related to green collar wind manufacturing. we have a supply chain throughout the state now. hundreds and hundreds of are good paying jobs related to the wind industry and the fact that the president came here for the second year in a role to highlight some of the great things happening in our state related to wind energy in particular is a great thing for iowa. >> talk about the political climate here in iowa. you like a lot of democratic politicians are hurting in your own an probable ratings but you seem to be hurting a little bit more than the president or others in the state. why is ...

And job creation. how soon until the turbines are built? >> after nine years of legal, financial, political wrangling cape wind will start construction by the end of the year and operating the turbines by the end of 2012. there are auto few more caveats the government put on the project, ken salazar saying the project would be made smaller, returfed from 170 proposed turbines to 130. surveys need to be done to make sure archeological findings are protected and to move slowly. thus far approval. this could impact offshore wind industry across america. salazar saying we could expect similar proj...

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