1 00:00:00,720 --> 00:00:01,000 Speaker 1: To night. 2 00:00:01,040 --> 00:00:03,240 Speaker 2: Michael Brown joins me here, the former FEMA director of 3 00:00:03,279 --> 00:00:04,480 Speaker 2: talk show host Michael Brown. 4 00:00:04,559 --> 00:00:07,000 Speaker 1: Brownie, no, Brownie. You're doing a heck of a job 5 00:00:07,160 --> 00:00:11,440 Speaker 1: the Weekend with Michael Brown broadcasting life from Denver, Colorado. 6 00:00:11,480 --> 00:00:13,440 Speaker 1: You've tuned into the Weekend with Michael Brown. Glad to 7 00:00:13,480 --> 00:00:15,840 Speaker 1: have you with me. If you want to tell me 8 00:00:15,840 --> 00:00:18,680 Speaker 1: anything or ask me anything, the text line is always open, 9 00:00:18,760 --> 00:00:21,720 Speaker 1: regardless of when you're listening. That number is three three 10 00:00:21,840 --> 00:00:25,439 Speaker 1: one zero three three three one zero three. Keyword Mike 11 00:00:25,560 --> 00:00:28,400 Speaker 1: or Michael. Tell me anything or ask me anything. And 12 00:00:28,560 --> 00:00:30,800 Speaker 1: while radit, be sure and follow me on social media, 13 00:00:31,640 --> 00:00:35,640 Speaker 1: whichever one it is, X, Facebook, Instagram. They're all at 14 00:00:35,720 --> 00:00:38,760 Speaker 1: Michael D. Brown, and I promise you'll have some fun 15 00:00:38,840 --> 00:00:41,080 Speaker 1: on social media, So go follow me on X in 16 00:00:41,080 --> 00:00:47,519 Speaker 1: particular at Michael D. Brown. In what is probably the 17 00:00:47,720 --> 00:00:54,280 Speaker 1: largest de regulatory action in American history, the President announced 18 00:00:54,440 --> 00:01:01,520 Speaker 1: and along with zee Lee's Eldon at the Environmental Protection Agency, 19 00:01:02,280 --> 00:01:08,319 Speaker 1: the recision of the Endangerment Rule. That's probably I'll explain 20 00:01:08,360 --> 00:01:09,840 Speaker 1: what that is in just a moment, but to give 21 00:01:09,880 --> 00:01:15,319 Speaker 1: you a framework, that's probably the most aggressive step yet 22 00:01:15,680 --> 00:01:23,160 Speaker 1: against climate regulations. Revoking the Endangerment finding is is a 23 00:01:23,240 --> 00:01:31,160 Speaker 1: finding that endinggerment ruling. The Indinggerment Rule underpins EPA's authority 24 00:01:31,240 --> 00:01:36,560 Speaker 1: to regulate greenhouse gases under the Clean Era. Now does 25 00:01:36,600 --> 00:01:39,480 Speaker 1: that mean we're suddenly going to have dirty air? No, 26 00:01:39,680 --> 00:01:44,200 Speaker 1: but that is the knee jerk, stupid reaction that I 27 00:01:44,240 --> 00:01:47,280 Speaker 1: see from the left, or from the cabal for that matter. 28 00:01:47,600 --> 00:01:49,800 Speaker 1: Oh my god, we're all gonna you know, we're gonna 29 00:01:49,800 --> 00:01:53,560 Speaker 1: go back and Lake Erie and you know, the Hiahoga 30 00:01:53,680 --> 00:01:56,680 Speaker 1: River and everything else is gonna start burning again, and 31 00:01:56,800 --> 00:01:59,320 Speaker 1: we're it's gonna be like, you know, Pittsburgh's gonna become 32 00:01:59,560 --> 00:02:01,520 Speaker 1: complete engulfed in smog again. 33 00:02:01,760 --> 00:02:01,960 Speaker 2: LA. 34 00:02:02,120 --> 00:02:04,240 Speaker 1: You'll never be able to drive around in LA again. 35 00:02:06,160 --> 00:02:08,240 Speaker 1: The very fact that they have that kind of reaction, 36 00:02:09,840 --> 00:02:13,800 Speaker 1: i't to tell you that perhaps it's an overreaction. The 37 00:02:13,800 --> 00:02:18,840 Speaker 1: two thousand and nine Endangerment Finding concluded that greenhouse gases 38 00:02:18,960 --> 00:02:24,560 Speaker 1: pose a threat to public health and welfare, and revoking 39 00:02:24,600 --> 00:02:31,280 Speaker 1: it eliminates entirely the regulatory foundation for the EPA's climate rules. 40 00:02:32,400 --> 00:02:36,760 Speaker 1: And I think no guarantee, but I think it will 41 00:02:36,800 --> 00:02:42,040 Speaker 1: handcuff future Democrat presidents from using the EPA to regulate 42 00:02:43,040 --> 00:02:50,400 Speaker 1: CO two carbon dioxide emissions from automobiles and power plants. Now, 43 00:02:50,440 --> 00:02:57,119 Speaker 1: if you are if you're a bubbling idiot, you may 44 00:02:57,160 --> 00:03:01,119 Speaker 1: think what I just said, that it'll prevent future Democrat 45 00:03:01,280 --> 00:03:05,160 Speaker 1: presidents from using the EPA to regulate carbon dioxide emission 46 00:03:05,240 --> 00:03:08,679 Speaker 1: CO two from automobiles and power plants. You may be 47 00:03:08,840 --> 00:03:11,040 Speaker 1: pulling your hair out and scream that, oh my gosh, 48 00:03:11,040 --> 00:03:13,720 Speaker 1: we're all gonna die. Brown just told us the truth 49 00:03:13,760 --> 00:03:16,320 Speaker 1: that it's going to allow all this CO two to 50 00:03:16,400 --> 00:03:18,600 Speaker 1: come out into the atmosphere and we're all going to 51 00:03:18,720 --> 00:03:26,200 Speaker 1: choke to death. Really, the sad part is, I think 52 00:03:26,240 --> 00:03:29,800 Speaker 1: there are many people who actually think that, who actually 53 00:03:29,840 --> 00:03:34,000 Speaker 1: believe that, who are convinced somehow that CO two because 54 00:03:34,000 --> 00:03:37,760 Speaker 1: they don't have a clue what CO two is. I'm 55 00:03:37,760 --> 00:03:41,280 Speaker 1: sitting in a production studio right now in the iHeart 56 00:03:41,280 --> 00:03:46,080 Speaker 1: Death Star in the Tech Center in Denver, Colorado. I 57 00:03:46,200 --> 00:03:49,400 Speaker 1: use this as opposed to my regular studio because well, 58 00:03:49,480 --> 00:03:52,760 Speaker 1: there's nobody here but me, and it's nice and cozy 59 00:03:53,480 --> 00:03:55,440 Speaker 1: got a TV that I can I've gone on over 60 00:03:55,440 --> 00:03:59,000 Speaker 1: here so I can catch the headlines. And because you know, 61 00:03:59,200 --> 00:04:02,120 Speaker 1: my producer for the show is out in Sherman Oaks, California, 62 00:04:02,120 --> 00:04:04,440 Speaker 1: and I'm sitting here. I've got a board next to me, 63 00:04:04,520 --> 00:04:06,680 Speaker 1: so I can, you know, change volumes and do things 64 00:04:06,720 --> 00:04:10,400 Speaker 1: and and it's just nice and cozy, and it has 65 00:04:10,440 --> 00:04:13,400 Speaker 1: that big, heavy, you know door on it so that 66 00:04:13,520 --> 00:04:16,359 Speaker 1: you know this is a sound proof studio. And so 67 00:04:16,480 --> 00:04:21,200 Speaker 1: I'm in here breathing out CO two as I speak. 68 00:04:23,120 --> 00:04:27,000 Speaker 1: It's a wonder I make it through three hours. I'm 69 00:04:27,040 --> 00:04:30,000 Speaker 1: surprised that, you know, maybe I'll have early onset dimension. 70 00:04:30,040 --> 00:04:31,800 Speaker 1: Of course, some people already believe that I already do. 71 00:04:32,160 --> 00:04:35,000 Speaker 1: But maybe I'll have early onset dimension because I'm I'm I'm, 72 00:04:35,279 --> 00:04:39,120 Speaker 1: I'm breathing in so much CO two that it's probably 73 00:04:39,120 --> 00:04:43,320 Speaker 1: giving me lung cancer. That's how stupid some people are, 74 00:04:44,240 --> 00:04:48,880 Speaker 1: because they don't realize that CO two is is a 75 00:04:48,920 --> 00:04:54,120 Speaker 1: gas required for our very living on this planet. But 76 00:04:54,240 --> 00:04:58,160 Speaker 1: somehow we got to regulate it because they have falsely 77 00:04:58,240 --> 00:05:00,880 Speaker 1: claimed that there is a cause only between the amount 78 00:05:00,920 --> 00:05:04,719 Speaker 1: of CO two in the atmosphere and climate change. What 79 00:05:04,800 --> 00:05:07,200 Speaker 1: if I told you that today's amount of CO two 80 00:05:07,279 --> 00:05:11,880 Speaker 1: in the atmosphere is just in round numbers, let's say 81 00:05:11,920 --> 00:05:15,760 Speaker 1: four hundred parts per million. I know that doesn't mean 82 00:05:15,839 --> 00:05:18,960 Speaker 1: much to you. But let's just keep that number in mind. 83 00:05:19,200 --> 00:05:23,560 Speaker 1: Four hundred parts per million. Now, let's go back to 84 00:05:23,640 --> 00:05:29,040 Speaker 1: the pre industrial age. Let's skip all the smokestacks in 85 00:05:29,240 --> 00:05:33,320 Speaker 1: Pittsburgh and Philadelphia. Let's skip you know, all the coal 86 00:05:33,360 --> 00:05:36,120 Speaker 1: burning and coal mining and everything else in the steel production. 87 00:05:36,600 --> 00:05:38,679 Speaker 1: Let's skip all of that. And let's go back even further. 88 00:05:40,360 --> 00:05:43,080 Speaker 1: Let's go back to Lewis and Clark. Let's go back 89 00:05:43,080 --> 00:05:51,359 Speaker 1: to the transcontinental migration westward manifest destiny. Oh, then, and 90 00:05:51,440 --> 00:05:56,000 Speaker 1: even further back. We're talking about one thousand, five thousand, 91 00:05:56,080 --> 00:05:59,720 Speaker 1: ten thousand parts per million a CO two in the atmosphere. 92 00:06:00,839 --> 00:06:02,520 Speaker 1: So why are we trying to regulate the amount of 93 00:06:02,600 --> 00:06:05,760 Speaker 1: COE two coming out of cars or coming out of 94 00:06:05,760 --> 00:06:08,840 Speaker 1: a power plant, or coming out of anything else when 95 00:06:09,120 --> 00:06:11,960 Speaker 1: we have you know, in fact, I want more power plants. 96 00:06:13,200 --> 00:06:17,200 Speaker 1: I want as much power as we can get. Cheap, abundant, 97 00:06:17,279 --> 00:06:21,960 Speaker 1: reliable energy is necessary for our way of living. But 98 00:06:22,040 --> 00:06:24,839 Speaker 1: the Neanderthals that live among us don't believe that, and 99 00:06:24,839 --> 00:06:30,719 Speaker 1: don't understand that the EPA has been primarily relying on 100 00:06:30,920 --> 00:06:37,640 Speaker 1: statutory arguments rather than ever directly challenging climate science. The 101 00:06:37,720 --> 00:06:41,839 Speaker 1: agency argues that even if climate change is real. The 102 00:06:41,880 --> 00:06:45,000 Speaker 1: Clean Air Act was not designed to address that, because 103 00:06:45,120 --> 00:06:49,200 Speaker 1: US vehicle emissions are such a small percentage of global pollution. 104 00:06:50,720 --> 00:06:54,040 Speaker 1: And in fact, when you think about climate change, because 105 00:06:54,080 --> 00:06:56,520 Speaker 1: I believe in climate change, I mean, my gosh, how 106 00:06:56,560 --> 00:07:01,280 Speaker 1: many times I have to say that climate change is 107 00:07:01,360 --> 00:07:06,640 Speaker 1: a global phenomenon that we cannot solve on our own, 108 00:07:07,560 --> 00:07:10,880 Speaker 1: And in fact, I don't think that it can be solved. Now. 109 00:07:10,920 --> 00:07:14,480 Speaker 1: I'm not for polluting the atmosphere. I'm not for dirty 110 00:07:14,600 --> 00:07:18,000 Speaker 1: drinking water. I'm not for us all choking to death 111 00:07:18,080 --> 00:07:21,200 Speaker 1: on you know, smokestacks that are belching, you know, all 112 00:07:21,240 --> 00:07:29,800 Speaker 1: sorts of poisonous and carcinogenic gases into the atmosphere. But 113 00:07:29,960 --> 00:07:36,200 Speaker 1: CO two No. EPA's legal position is certainly correct. The 114 00:07:36,280 --> 00:07:40,080 Speaker 1: Clean Air Act was not designed to regulate a globally 115 00:07:40,080 --> 00:07:43,680 Speaker 1: well mixed greenhouse gas like carbon dioxide. It was designed 116 00:07:43,680 --> 00:07:47,760 Speaker 1: to regulate regional air pollutants like sulfur dioxide or carbon 117 00:07:47,840 --> 00:07:52,160 Speaker 1: monoxide and nitrogen oxides. But just because the EPA is 118 00:07:52,280 --> 00:07:54,880 Speaker 1: correct doesn't mean they will necessarily win in court. The 119 00:07:54,920 --> 00:07:59,080 Speaker 1: Supreme Court has had opportunities before to overturn the engagement finding, 120 00:07:59,440 --> 00:08:02,480 Speaker 1: and as does far demurred they've put it off, they've 121 00:08:02,480 --> 00:08:04,679 Speaker 1: refused to do it, but they're gonna get another chance 122 00:08:06,000 --> 00:08:11,560 Speaker 1: because the EPA repeating the engagement finding will unleash a 123 00:08:11,600 --> 00:08:14,680 Speaker 1: way a tidal wave of a tsunami of lawsuits from 124 00:08:14,680 --> 00:08:18,920 Speaker 1: all the usual suspects. State of California w probably be 125 00:08:18,960 --> 00:08:22,240 Speaker 1: the first one, and of course, you know groups like 126 00:08:22,280 --> 00:08:27,720 Speaker 1: the Natural Resources Defense Council, and to truly win, the 127 00:08:27,760 --> 00:08:30,080 Speaker 1: Supreme Court might need to reverse its two thousand and 128 00:08:30,120 --> 00:08:34,800 Speaker 1: seven decision in Massachusetts versus EPA. Well, let's go back 129 00:08:34,840 --> 00:08:39,200 Speaker 1: to climate change for a moment. There's no direct causal 130 00:08:39,240 --> 00:08:42,040 Speaker 1: link between the amount of CO two in the atmosphere, 131 00:08:43,480 --> 00:08:47,480 Speaker 1: which allows them to virtually regulate everything, and climate change. 132 00:08:48,679 --> 00:08:52,880 Speaker 1: Do you think that I'm always mystified by this, Whether 133 00:08:52,920 --> 00:08:57,520 Speaker 1: it's cold or HoTT it's climate change we're experiencing for 134 00:08:57,720 --> 00:09:00,600 Speaker 1: many people, not from yours truly, but for many people. 135 00:09:00,720 --> 00:09:05,840 Speaker 1: We're experiencing an incredibly mild winter in Colorado. Snowpack is 136 00:09:05,840 --> 00:09:08,280 Speaker 1: about half of what it needs to be or normal. 137 00:09:08,520 --> 00:09:11,679 Speaker 1: I should say, snowpack is about half of what it 138 00:09:11,760 --> 00:09:17,120 Speaker 1: normally is, and it's been incredibly mild. Today's temperature is 139 00:09:17,240 --> 00:09:20,800 Speaker 1: probably an average of fourteen fifteen degrees above the average 140 00:09:20,840 --> 00:09:25,920 Speaker 1: annual temperature in February. But those averages always change based 141 00:09:25,960 --> 00:09:30,920 Speaker 1: on extremes like we're having now. Now it's not hot today, 142 00:09:31,440 --> 00:09:34,160 Speaker 1: but it's mid February in Colorado, and it's going to 143 00:09:34,200 --> 00:09:36,240 Speaker 1: be I don't know, fifty two to fifty four degrees 144 00:09:36,320 --> 00:09:39,079 Speaker 1: or something, and it's really dry out. I admit it's 145 00:09:39,120 --> 00:09:41,719 Speaker 1: really dry. Today was kind of a little bit more 146 00:09:41,760 --> 00:09:46,720 Speaker 1: humidity in the air. But if we have it, and 147 00:09:46,760 --> 00:09:50,839 Speaker 1: that's climate change, no, it's it's either el Ninia or 148 00:09:50,920 --> 00:09:53,080 Speaker 1: l Ninia if I forget which one it is, but 149 00:09:53,120 --> 00:09:56,120 Speaker 1: it's not climate change. And if it is climate change, 150 00:09:56,120 --> 00:10:01,320 Speaker 1: it's the naturally occurring climate change. So now let's go 151 00:10:01,480 --> 00:10:08,160 Speaker 1: to what this rule change might mean for the absolute oh, 152 00:10:08,840 --> 00:10:12,560 Speaker 1: the idol of the congregants in the Church of the 153 00:10:12,559 --> 00:10:22,920 Speaker 1: Climate Activist. I'll be right back. Welcome back to the 154 00:10:22,920 --> 00:10:24,520 Speaker 1: Weekend with Michael Brown. Lead to have you with me. 155 00:10:24,559 --> 00:10:27,160 Speaker 1: Appreciate you tuning in. Be sure to subscribe to the 156 00:10:27,160 --> 00:10:30,240 Speaker 1: podcast on any podcast app you use. Doesn't make any difference. 157 00:10:30,640 --> 00:10:34,000 Speaker 1: Just search for the Situation with Michael Brown. The Situation 158 00:10:34,080 --> 00:10:36,600 Speaker 1: with Michael Brown. Once you find that you get subscribe, 159 00:10:36,880 --> 00:10:39,760 Speaker 1: leave a five star review. That app will download automatically 160 00:10:39,760 --> 00:10:43,000 Speaker 1: for you all five days of the weekday program and 161 00:10:43,040 --> 00:10:45,320 Speaker 1: the weekend program, so you get all the Michael Brown 162 00:10:45,360 --> 00:10:48,920 Speaker 1: that you need. Here's how Trump announced the repeal of 163 00:10:48,960 --> 00:10:51,760 Speaker 1: the Endangerment ruling a couple of days ago. 164 00:10:52,040 --> 00:10:56,679 Speaker 2: But I'm pleased to be joined today by EPA Administrator 165 00:10:57,880 --> 00:11:00,240 Speaker 2: LEEZ Eldon, who you all know and tune out. It's 166 00:11:00,280 --> 00:11:06,560 Speaker 2: the single largest deregulatory action in American history. That's a 167 00:11:06,559 --> 00:11:10,000 Speaker 2: big statement in American history, and I think we can 168 00:11:10,200 --> 00:11:15,319 Speaker 2: add the words by far. Under the process just completed 169 00:11:15,360 --> 00:11:19,080 Speaker 2: by the EPA, we are officially terminating the so called 170 00:11:19,960 --> 00:11:25,439 Speaker 2: Endangerment finding, a disastrous Obama era policy that's severely damaged 171 00:11:25,960 --> 00:11:29,160 Speaker 2: the American auto industry and massively drove up prices for 172 00:11:29,240 --> 00:11:35,360 Speaker 2: American consumers. Prices went up incredibly for a worse product. 173 00:11:36,320 --> 00:11:39,320 Speaker 2: This action will eliminate over one point three trillion dollars 174 00:11:39,360 --> 00:11:42,559 Speaker 2: of regulatory costs and help bring car prices. 175 00:11:43,080 --> 00:11:47,640 Speaker 1: Think about that. If you ever thought about I did 176 00:11:47,679 --> 00:11:51,839 Speaker 1: a segment on the deep State earlier this week. You 177 00:11:51,920 --> 00:11:53,720 Speaker 1: ought to go find it on the podcast and listen 178 00:11:53,720 --> 00:11:58,640 Speaker 1: to it. I thought it was pretty good when you 179 00:11:58,679 --> 00:12:04,480 Speaker 1: think about the regulatory burden that this government puts on 180 00:12:04,679 --> 00:12:10,559 Speaker 1: the private sector. Whether you're in business or not, you're 181 00:12:10,640 --> 00:12:16,679 Speaker 1: paying that cost. And when one rule can add more 182 00:12:16,720 --> 00:12:20,839 Speaker 1: than a trillion dollars in additional costs to American consumers, 183 00:12:21,960 --> 00:12:24,200 Speaker 1: that's a ruling that somebody ought to at least sit 184 00:12:24,280 --> 00:12:28,520 Speaker 1: down and say, is this a reasonable rule? Does it 185 00:12:28,520 --> 00:12:30,839 Speaker 1: accomplish what it should accomplish. Now, in a minute, I'll 186 00:12:30,840 --> 00:12:33,240 Speaker 1: get into some of the details of how this rule 187 00:12:33,320 --> 00:12:39,760 Speaker 1: was adopted, But those cost benefit analyzes that needed to 188 00:12:39,800 --> 00:12:43,200 Speaker 1: be done under the Administrative Procedures Act were totally ignored, 189 00:12:43,920 --> 00:12:49,840 Speaker 1: completely ignored. So the adoption of it was simply well, 190 00:12:49,880 --> 00:12:52,960 Speaker 1: it was like the adoption of Obamacare. It was done 191 00:12:53,200 --> 00:12:57,200 Speaker 1: one sided, except Obamacare was just done by Democrats. Here 192 00:12:57,280 --> 00:13:01,679 Speaker 1: it was done by Obama appointees in the EPA at 193 00:13:01,920 --> 00:13:07,120 Speaker 1: his direction, and done without all the prerequisite study that 194 00:13:07,240 --> 00:13:13,400 Speaker 1: needs to be done simply because by controlling CO two, 195 00:13:14,320 --> 00:13:18,480 Speaker 1: much like Obamacare, controls your health and therefore gives the 196 00:13:18,520 --> 00:13:21,800 Speaker 1: government in ordinate control over you and then creates this 197 00:13:21,880 --> 00:13:25,680 Speaker 1: whole new deep state of an unholy alliance between the government, 198 00:13:26,080 --> 00:13:31,440 Speaker 1: pharmaceutical benefit managers, health insurers, doctors, hospitals, everybody else the 199 00:13:31,840 --> 00:13:36,560 Speaker 1: endangerment finding. The engagement ruling did the same thing. It 200 00:13:36,640 --> 00:13:43,200 Speaker 1: created an unholy alliance where car manufacturers, appliance manufacturers, power generators, 201 00:13:43,240 --> 00:13:45,599 Speaker 1: everybody get into this unholy alliance because they have to 202 00:13:45,600 --> 00:13:48,160 Speaker 1: comply with these rules. And then the states jump in 203 00:13:48,400 --> 00:13:50,920 Speaker 1: and then they start expanding those rules because that gives 204 00:13:50,920 --> 00:13:53,760 Speaker 1: them more control over how you and I live our lives. 205 00:13:55,480 --> 00:13:58,360 Speaker 1: All of these things are designed that if you learn 206 00:13:58,440 --> 00:14:05,199 Speaker 1: nothing else, learn that the left in this country is 207 00:14:05,400 --> 00:14:10,000 Speaker 1: completely opposite of what you and I stand for, which 208 00:14:10,040 --> 00:14:14,480 Speaker 1: is freedom and liberty and individual choice. What they do 209 00:14:14,559 --> 00:14:18,280 Speaker 1: with these findings, whether it's Obamacare or the CEO to 210 00:14:18,520 --> 00:14:22,760 Speaker 1: the Endangerment ruling, is always about control. How do we 211 00:14:22,840 --> 00:14:28,640 Speaker 1: expand both the power of the Democrat Party and how 212 00:14:28,640 --> 00:14:30,720 Speaker 1: do we expand the power of the deep state, which 213 00:14:30,720 --> 00:14:34,000 Speaker 1: is controlled by the Democrat Party, which is comprised primarily 214 00:14:34,120 --> 00:14:37,760 Speaker 1: of liberal Marxist communists who want to exert control over 215 00:14:37,800 --> 00:14:41,040 Speaker 1: everything because they're the support so called expert class that 216 00:14:41,200 --> 00:14:43,400 Speaker 1: know more than you and I do, and that costs 217 00:14:43,520 --> 00:14:50,320 Speaker 1: us trillions of dollars. So when you buy whatever, there 218 00:14:50,360 --> 00:14:55,680 Speaker 1: is a regulatory cost to everything that you buy. Now, 219 00:14:55,720 --> 00:15:00,440 Speaker 1: I don't advocate getting rid of all regulations. Probably going 220 00:15:00,440 --> 00:15:03,520 Speaker 1: to go to dinner tonight. I want the state of Colorado, 221 00:15:03,680 --> 00:15:05,440 Speaker 1: or the county that I live in, or the county 222 00:15:05,440 --> 00:15:08,320 Speaker 1: that I dine in, to have a health department to 223 00:15:08,760 --> 00:15:12,400 Speaker 1: you know, occasionally inspect restaurants and make certain that the 224 00:15:12,440 --> 00:15:15,920 Speaker 1: restaurants are clean and they're following all the sanitary rules. 225 00:15:16,960 --> 00:15:19,080 Speaker 1: I want, you know, if I order a stake tonight, 226 00:15:20,120 --> 00:15:22,840 Speaker 1: I want the Department of Agriculture to have inspected that stake, 227 00:15:22,960 --> 00:15:25,680 Speaker 1: inspected that slaughterhouse to make sure that it complies with 228 00:15:25,720 --> 00:15:31,000 Speaker 1: all the sanitation requirements. So I'm not an anarchist when 229 00:15:31,040 --> 00:15:35,160 Speaker 1: it comes to regulation, but we have gone so far overboard. 230 00:15:35,960 --> 00:15:40,480 Speaker 1: Did it literally cost us trillions of dollars and too 231 00:15:40,520 --> 00:15:45,560 Speaker 1: many of us, too many Americans, One don't recognize that, 232 00:15:47,080 --> 00:15:51,040 Speaker 1: and two think that there's no way to repeal any 233 00:15:51,080 --> 00:15:54,640 Speaker 1: of those without suddenly living back in some sort of 234 00:15:55,000 --> 00:15:58,760 Speaker 1: era when you know, you died from every time you 235 00:15:58,800 --> 00:16:00,800 Speaker 1: went out to eat, You died from food poisoning. You 236 00:16:00,840 --> 00:16:03,840 Speaker 1: got Simon all or you got eco life, or you 237 00:16:03,840 --> 00:16:06,040 Speaker 1: you went out and you breathe some air on a nice, 238 00:16:06,360 --> 00:16:08,760 Speaker 1: you know, winter morning, like I did with the dogs 239 00:16:08,760 --> 00:16:11,960 Speaker 1: this morning, and I can't bringe because there's so much pollution. 240 00:16:12,400 --> 00:16:17,440 Speaker 1: People become unrealistic and they become irrational. So that one 241 00:16:17,480 --> 00:16:20,560 Speaker 1: point three trillion dollar figure just I know, a trillion 242 00:16:20,560 --> 00:16:24,280 Speaker 1: dollars is hard to comprehend. If you think a trillion 243 00:16:24,320 --> 00:16:27,400 Speaker 1: dollars is difficult to comprehend, think about the fact that 244 00:16:27,440 --> 00:16:30,560 Speaker 1: we're almost thirty nine trillion dollars in debt. Think about 245 00:16:30,600 --> 00:16:34,440 Speaker 1: that for a while. Think about spending a trillion dollars. 246 00:16:34,880 --> 00:16:39,440 Speaker 1: Think about spending one dollar every second, and how long 247 00:16:39,480 --> 00:16:41,440 Speaker 1: it would it take you to spend a trillion dollars 248 00:16:42,200 --> 00:16:48,280 Speaker 1: and then spend thirty nine trillion dollars. That's money that 249 00:16:48,840 --> 00:16:51,120 Speaker 1: could lower the price to the cost and goods that 250 00:16:51,160 --> 00:16:56,640 Speaker 1: we purchase. That goes into everything that we You know, 251 00:16:56,880 --> 00:16:59,280 Speaker 1: you heat your home, you cool your home, you fill 252 00:16:59,320 --> 00:17:01,840 Speaker 1: your car with You buy a piece of furniture, you 253 00:17:01,880 --> 00:17:04,040 Speaker 1: buy a piece of clothing, you buy a computer, you'd 254 00:17:04,040 --> 00:17:07,040 Speaker 1: buy whatever you do. Everything that you do has a 255 00:17:07,080 --> 00:17:11,080 Speaker 1: regulatory burden and a regulatory cost attached to it, and 256 00:17:11,119 --> 00:17:14,760 Speaker 1: that is paid by you because that's built into the 257 00:17:14,840 --> 00:17:19,240 Speaker 1: cost tumbling down dramatically. 258 00:17:20,280 --> 00:17:21,360 Speaker 2: You're gonna get a better car. 259 00:17:21,440 --> 00:17:22,000 Speaker 1: You're gonna get a. 260 00:17:22,000 --> 00:17:25,639 Speaker 2: Car that starts easier, a car that works better for 261 00:17:25,720 --> 00:17:27,840 Speaker 2: a lot less money, and you. 262 00:17:27,840 --> 00:17:32,600 Speaker 1: Will get everything else too. So repealing the endangerment finding 263 00:17:32,720 --> 00:17:37,120 Speaker 1: means that the EPA no longer has the regulatory authority that, 264 00:17:37,160 --> 00:17:40,679 Speaker 1: for example, the Biden administration used to mandate electric vehicles. 265 00:17:41,160 --> 00:17:44,359 Speaker 1: Now that's good news because guess what, consumers are not 266 00:17:44,400 --> 00:17:48,159 Speaker 1: falling in love with evs. And if you don't believe me, 267 00:17:48,240 --> 00:17:52,760 Speaker 1: just stay tuned. This is just one example. Let me 268 00:17:52,840 --> 00:18:05,399 Speaker 1: expand on that example next. I'll be right back to night. 269 00:18:05,440 --> 00:18:08,080 Speaker 1: Michael Brown joins me here, the former FEMA director talk. 270 00:18:07,880 --> 00:18:10,760 Speaker 2: Show host Michael Brown. Brownie, no, Brownie, You're doing a 271 00:18:10,760 --> 00:18:13,320 Speaker 2: heck of a job the Weekend with Michael Brown. 272 00:18:13,880 --> 00:18:15,639 Speaker 1: Welcome back to the Weekend with Michael Brown. Glad to 273 00:18:15,640 --> 00:18:17,880 Speaker 1: have you with me. Appreciate you tuning in. I would 274 00:18:17,920 --> 00:18:20,480 Speaker 1: remind you if you'd like what we do on the weekends, 275 00:18:20,800 --> 00:18:23,320 Speaker 1: you'll probably like what we do during the weekday. And 276 00:18:23,359 --> 00:18:25,520 Speaker 1: if so, take your iHeart app if you happen to 277 00:18:25,560 --> 00:18:28,960 Speaker 1: stream us. If you're streaming us on your iHeart app, 278 00:18:29,000 --> 00:18:32,639 Speaker 1: look for this station. Call letters are KOA KOA. I 279 00:18:32,800 --> 00:18:36,920 Speaker 1: like the campground KOA. It's at eight fifty Am, ninety 280 00:18:36,920 --> 00:18:39,480 Speaker 1: four to one FM. You hit that as a preset 281 00:18:39,880 --> 00:18:42,880 Speaker 1: and then you can stream the weekday program from nine 282 00:18:42,920 --> 00:18:46,199 Speaker 1: to noon mountain time on KOA. So again, go on 283 00:18:46,240 --> 00:18:49,600 Speaker 1: your iHeart app eight fifty am or ninety four to 284 00:18:49,640 --> 00:18:53,160 Speaker 1: one FM, hit that subscribe button or hit that preset 285 00:18:53,200 --> 00:18:56,159 Speaker 1: button and you'll get the weekday program and you can 286 00:18:56,200 --> 00:18:58,920 Speaker 1: stream stream us from nine to noon on the weekday. 287 00:19:00,359 --> 00:19:04,240 Speaker 1: So repeating the endangerment finding means that the Environmental Protection 288 00:19:04,359 --> 00:19:09,960 Speaker 1: Agency no longer has the regulatory authority that, as one example, 289 00:19:10,040 --> 00:19:16,560 Speaker 1: the Biden administration used to mandate the purchase of evs. Now, 290 00:19:16,600 --> 00:19:20,159 Speaker 1: that's good news, as I said, because the public, the 291 00:19:20,160 --> 00:19:23,680 Speaker 1: free market seems to show Yeah, people don't really want 292 00:19:23,760 --> 00:19:29,240 Speaker 1: electric vehicles. Now, I want to distinguish between a battery 293 00:19:29,280 --> 00:19:35,080 Speaker 1: electric vehicle and a hybrid. The Energy Information Administration has 294 00:19:35,119 --> 00:19:38,480 Speaker 1: released new data showing that battery electric vehicles be evs. 295 00:19:39,359 --> 00:19:44,120 Speaker 1: Those sales fell last year even as hybrid sales continued 296 00:19:44,119 --> 00:19:46,640 Speaker 1: to rise. So let me make a few key points 297 00:19:46,680 --> 00:19:53,080 Speaker 1: about that. First, battery electric vehicles sales surged before the 298 00:19:53,160 --> 00:19:59,200 Speaker 1: EV tax credits expired in September two, after the tax 299 00:19:59,240 --> 00:20:05,000 Speaker 1: credits buyed the battery electric vehicle market share fell below 300 00:20:05,200 --> 00:20:07,399 Speaker 1: six percent, less than ten percent of the market share, 301 00:20:08,800 --> 00:20:14,640 Speaker 1: and third last year marked the first annual battery electric 302 00:20:14,720 --> 00:20:19,240 Speaker 1: vehicle decline in sales. Now I understand why people might 303 00:20:19,240 --> 00:20:23,359 Speaker 1: get a hybrid. I don't know. I've never done the calculation. 304 00:20:23,480 --> 00:20:30,160 Speaker 1: Maybe maybe some of you have. Because remember, a hybrid 305 00:20:30,680 --> 00:20:35,439 Speaker 1: means that you're going to use gasoline for part of 306 00:20:35,480 --> 00:20:39,080 Speaker 1: your moving from point A to point B, and you're 307 00:20:39,119 --> 00:20:42,960 Speaker 1: going to use the batteries that are charged in that 308 00:20:43,080 --> 00:20:46,240 Speaker 1: hybrid to move you from say, point B to point C. 309 00:20:47,880 --> 00:20:51,240 Speaker 1: So you have to calculate what is the cost, say 310 00:20:51,359 --> 00:20:54,280 Speaker 1: of the BTU to get you from point A to 311 00:20:54,320 --> 00:20:59,000 Speaker 1: point B using gas versus using the electricity in your 312 00:20:59,000 --> 00:21:01,399 Speaker 1: home to charge that battery to get from point B 313 00:21:01,480 --> 00:21:04,040 Speaker 1: to point C. I don't know whether it's worth it 314 00:21:04,160 --> 00:21:08,960 Speaker 1: or not. I just don't care, because I don't want 315 00:21:09,280 --> 00:21:14,440 Speaker 1: a hybrid. Is that rational may not be to you, 316 00:21:14,600 --> 00:21:19,040 Speaker 1: it is to me because I want the full reliability 317 00:21:20,119 --> 00:21:24,480 Speaker 1: of a gas powered internal combustion engine, particularly in a 318 00:21:24,640 --> 00:21:29,600 Speaker 1: sports car or for that matter, in my suv if 319 00:21:29,680 --> 00:21:31,760 Speaker 1: I'm four wheeling or taking the dogs up in the 320 00:21:31,760 --> 00:21:40,160 Speaker 1: mountain somewhere. Hybrids are not dependent on federal tax credits, 321 00:21:40,400 --> 00:21:43,520 Speaker 1: and they're not tied directly to great electricity, so I 322 00:21:43,520 --> 00:21:46,520 Speaker 1: think that's why they're continuing to gain some share. It is. 323 00:21:46,600 --> 00:21:49,960 Speaker 1: It's a little surprising how few EV sales there were 324 00:21:50,720 --> 00:21:55,120 Speaker 1: after the tax credits expired, and that EV sales fell 325 00:21:55,520 --> 00:21:58,199 Speaker 1: from twenty twenty four to twenty twenty five, but it 326 00:21:58,359 --> 00:22:01,400 Speaker 1: is a good reminder that likely vehicles are not a 327 00:22:01,520 --> 00:22:06,440 Speaker 1: one to one replacement for vehicles with an internal combustion engine. 328 00:22:07,200 --> 00:22:12,919 Speaker 1: Mandates incentives are naturally going to accelerate adoption, but the 329 00:22:13,040 --> 00:22:19,440 Speaker 1: durability of that market share depends on economics and practicality. 330 00:22:20,720 --> 00:22:24,040 Speaker 1: Last week, the Washington Posts, another news story that I 331 00:22:24,040 --> 00:22:26,600 Speaker 1: did during the week, laid off about one third of 332 00:22:26,600 --> 00:22:30,840 Speaker 1: its newsroom staff, including at least thirteen reporters and editors 333 00:22:31,080 --> 00:22:35,440 Speaker 1: that cover climate and environmental issues. The Washington Post had 334 00:22:35,600 --> 00:22:41,920 Speaker 1: about thirteen reporters who covered climate excess, even my opinion, 335 00:22:42,680 --> 00:22:45,560 Speaker 1: but it explains how the quality of climate coverage was 336 00:22:45,640 --> 00:22:49,520 Speaker 1: such a race to the bottom. Thirteen reporters fighting for 337 00:22:49,600 --> 00:22:52,760 Speaker 1: column space every week in the Washington Post. No wonder 338 00:22:52,760 --> 00:22:56,439 Speaker 1: the hysteria kept getting louder and the logical stretches got longer. 339 00:22:56,440 --> 00:23:00,760 Speaker 1: Over time ending up and headlines like lee rivers in 340 00:23:00,800 --> 00:23:05,480 Speaker 1: the sky, what's the daily river and sky? Oh? Those 341 00:23:05,480 --> 00:23:09,399 Speaker 1: are those so called atmospheric rivers? Or this one facing 342 00:23:09,520 --> 00:23:13,000 Speaker 1: unbearable heat cutter has begun to air condition the outdoors. 343 00:23:13,960 --> 00:23:16,679 Speaker 1: That story concluding with if it's hot, it's because of 344 00:23:16,720 --> 00:23:19,960 Speaker 1: climate change. If it's cold, it's because of climate change. 345 00:23:21,720 --> 00:23:25,800 Speaker 1: So probably the best thing Republicans have done in Congress, 346 00:23:25,520 --> 00:23:32,560 Speaker 1: this term is aggressively used the Congressional Review Act. The 347 00:23:32,560 --> 00:23:35,040 Speaker 1: Congressional Review Act is a law that was signed by 348 00:23:35,080 --> 00:23:38,520 Speaker 1: President Clinton back in nineteen ninety six. It makes it 349 00:23:38,680 --> 00:23:43,280 Speaker 1: easier to repeal federal agency rules. It's a great law, 350 00:23:44,240 --> 00:23:49,480 Speaker 1: but it's set predominantly unused for more than two decades. 351 00:23:50,520 --> 00:23:53,880 Speaker 1: But since the first Trump administration, the Republican Party has 352 00:23:53,960 --> 00:23:58,000 Speaker 1: supercharged that tool. Now the Congressional Review Act can be 353 00:23:58,240 --> 00:24:01,159 Speaker 1: very powerful for a couple of reasons. First, it fast 354 00:24:01,280 --> 00:24:07,359 Speaker 1: tracks Congressional Review Act resolutions to get a quick up 355 00:24:07,440 --> 00:24:10,840 Speaker 1: or down vote. None of this filibustering, none of this 356 00:24:11,000 --> 00:24:13,840 Speaker 1: you know, arguing, debating back and forth, just an up 357 00:24:13,880 --> 00:24:22,040 Speaker 1: and down vote. So it avoids the filibuster and Congressional 358 00:24:22,119 --> 00:24:26,560 Speaker 1: Review Act resolutions get that quick vote But second, if 359 00:24:26,640 --> 00:24:29,520 Speaker 1: CONGA strikes down our regulation through the Congressional Review Act, 360 00:24:30,080 --> 00:24:33,760 Speaker 1: that in and of itself prohibits agency from issuing a 361 00:24:33,800 --> 00:24:39,160 Speaker 1: substantially similar rule somewhere down the road. Trump has signed 362 00:24:40,359 --> 00:24:48,000 Speaker 1: far more Congressional Review Act resolutions than any other president. 363 00:24:49,680 --> 00:24:55,240 Speaker 1: He signed sixteen resolutions in his first term, and he 364 00:24:55,359 --> 00:24:59,640 Speaker 1: signed twenty two just in the last year. How many 365 00:24:59,680 --> 00:25:03,560 Speaker 1: think iidens sein. Get a number in your head, Let 366 00:25:03,600 --> 00:25:06,399 Speaker 1: me crush it. No, it wasn't zero, It was three. 367 00:25:07,400 --> 00:25:12,800 Speaker 1: My old boss wasn't zero. It was one. Barack Obama. 368 00:25:13,200 --> 00:25:17,879 Speaker 1: Now you got it, it was zero. So while Republican 369 00:25:18,000 --> 00:25:21,080 Speaker 1: and Democrat administrations will use the Congression Review Act in 370 00:25:21,119 --> 00:25:25,920 Speaker 1: the future, Republicans will likely use the Congression Review Act 371 00:25:26,119 --> 00:25:30,320 Speaker 1: more because Democrat administrations rely on more regulations in order 372 00:25:30,359 --> 00:25:34,399 Speaker 1: to impose their agenda. Regardless, the Congressional Review Act is 373 00:25:34,440 --> 00:25:37,840 Speaker 1: a really good thing because it's always good for Congress 374 00:25:37,840 --> 00:25:40,280 Speaker 1: to vote on rules to get imposed on Americans by 375 00:25:40,320 --> 00:25:44,760 Speaker 1: a bunch of unelected bureaucrats. There's a new political Public 376 00:25:44,800 --> 00:25:49,199 Speaker 1: First poll that recently came out, and it shows that 377 00:25:49,640 --> 00:25:53,760 Speaker 1: thirty seven more than the third of Americans believe Democrats 378 00:25:53,840 --> 00:25:58,720 Speaker 1: care more about reducing energy prices. Democrats care more about 379 00:25:58,800 --> 00:26:02,239 Speaker 1: reducing energy prices compared to only twenty five percent who 380 00:26:02,280 --> 00:26:06,000 Speaker 1: say Republicans do. Now, that is a challenge for Trump 381 00:26:06,080 --> 00:26:10,600 Speaker 1: and congressional Republicans because in twenty twenty four voters trusted 382 00:26:10,600 --> 00:26:14,680 Speaker 1: Trump on the economy. We've got to explain, like I'm trying, 383 00:26:14,840 --> 00:26:18,840 Speaker 1: like I've been trying to do, there is a regulatory cost. 384 00:26:19,680 --> 00:26:22,760 Speaker 1: When we talk about affordability, somebody got to dig a 385 00:26:22,800 --> 00:26:26,199 Speaker 1: little deeper. Why are things less and less affordable? Well, 386 00:26:26,240 --> 00:26:28,240 Speaker 1: of course we know we've got devaluation of the dollar. 387 00:26:29,040 --> 00:26:31,720 Speaker 1: Inflation is somewhat under control, but the old inflation of 388 00:26:31,800 --> 00:26:36,120 Speaker 1: nine or ten percent under Biden administration established a new baseline. 389 00:26:36,200 --> 00:26:38,639 Speaker 1: And that new baseline is hard to crawl down from 390 00:26:38,960 --> 00:26:43,240 Speaker 1: because businesses get used to a profit margin at that level, 391 00:26:43,400 --> 00:26:45,720 Speaker 1: and so they want to stick to that level. Only 392 00:26:45,760 --> 00:26:48,880 Speaker 1: the price elasticity. People quit buying something because it costs 393 00:26:48,920 --> 00:26:51,600 Speaker 1: too much, will the prices slowly start to come down. 394 00:26:52,440 --> 00:26:55,280 Speaker 1: But that has to do with prices. That has to 395 00:26:55,320 --> 00:26:59,359 Speaker 1: do with people's disposable income. I'm talking about. There is 396 00:26:59,400 --> 00:27:04,960 Speaker 1: an in price in a good, a widget, if you will, 397 00:27:06,280 --> 00:27:15,160 Speaker 1: that is based on the regulations that that company that manufactures, wholesales, distributes, 398 00:27:15,480 --> 00:27:21,320 Speaker 1: and then retails that widget. All of those points along 399 00:27:21,400 --> 00:27:25,880 Speaker 1: that supply chain have a regulatory cost, and that goes 400 00:27:25,920 --> 00:27:29,879 Speaker 1: into the price of that widget. More use of the 401 00:27:29,920 --> 00:27:34,439 Speaker 1: Congressional Review Act to roll back some regulations that have 402 00:27:34,680 --> 00:27:39,280 Speaker 1: no basis in in science, no basis in and necessity 403 00:27:40,320 --> 00:27:45,600 Speaker 1: will over time reduce that regulatory burden and thus reduce 404 00:27:45,680 --> 00:27:49,160 Speaker 1: the regulatory price that's embedded in these products and services 405 00:27:49,160 --> 00:27:52,359 Speaker 1: that we pay for. Now the go back to the 406 00:27:52,400 --> 00:27:55,960 Speaker 1: poll for a minute. It also revealed an enthusiasm gap 407 00:27:56,400 --> 00:27:58,439 Speaker 1: because of those that are planned to vote Republican in 408 00:27:58,440 --> 00:28:01,879 Speaker 1: the mid terms, fifty eight percent felt Republicans cared more 409 00:28:01,880 --> 00:28:05,119 Speaker 1: about keeping costs slow, but those planning to vote for 410 00:28:05,200 --> 00:28:10,000 Speaker 1: Democrats seventy four percent of them felt the Democrats cared more. 411 00:28:10,440 --> 00:28:15,199 Speaker 1: And this matters. And it matters because residential electric bills 412 00:28:15,560 --> 00:28:18,760 Speaker 1: have increased almost thirteen percent since January when Trump got 413 00:28:18,800 --> 00:28:21,720 Speaker 1: back into the White House. Worse news for Trump and 414 00:28:21,760 --> 00:28:26,360 Speaker 1: Republicans is that electric prices that you pay for your 415 00:28:26,359 --> 00:28:29,920 Speaker 1: house or your business are going to continue to increase 416 00:28:30,000 --> 00:28:34,359 Speaker 1: this year because higher prices are already baked into that cake. 417 00:28:35,320 --> 00:28:38,480 Speaker 1: Many electricity rate increases have already been approved, but they've 418 00:28:38,520 --> 00:28:41,480 Speaker 1: not yet shown up in your bills. Plus, the Energy 419 00:28:41,480 --> 00:28:45,640 Speaker 1: Information Administration forecasts higher electric demand through twenty twenty seven, 420 00:28:46,080 --> 00:28:50,680 Speaker 1: even as the power grid struggles to add significant new 421 00:28:50,760 --> 00:28:55,840 Speaker 1: generation for needs like these AI data centers. But remember 422 00:28:56,240 --> 00:29:02,520 Speaker 1: this simple truth on electric rates, which I'll tell you next. 423 00:29:02,960 --> 00:29:13,640 Speaker 1: Don't go away. Welcome back to the weekend with Michael Brown. 424 00:29:13,720 --> 00:29:15,600 Speaker 1: Lead to have you with me. I appreciate you tuning in. 425 00:29:16,320 --> 00:29:23,040 Speaker 1: We're talking about the regulatory burden on everything that we buy, consume, purchase, goods, services, 426 00:29:23,080 --> 00:29:28,000 Speaker 1: whatever it is. Think of the regulatory burden as a 427 00:29:28,040 --> 00:29:32,320 Speaker 1: regulatory compliance cost. It's a tax. It's a tax that 428 00:29:32,400 --> 00:29:36,080 Speaker 1: never shows up on your receipt, but it absolutely shows 429 00:29:36,160 --> 00:29:40,080 Speaker 1: up in your price. And unlike a sales tax that 430 00:29:40,160 --> 00:29:44,280 Speaker 1: you can see itemized, the regulatory costs get baked into 431 00:29:44,320 --> 00:29:46,680 Speaker 1: the product before it ever gets on the shelf, and 432 00:29:46,720 --> 00:29:48,200 Speaker 1: you put it in the grocery car, or in the 433 00:29:48,240 --> 00:29:50,880 Speaker 1: sacker in your car, or whatever, which is precisely why 434 00:29:50,960 --> 00:29:56,200 Speaker 1: politicians can impose them and you get no electoral consequence. 435 00:29:58,000 --> 00:30:03,960 Speaker 1: The Competitive Enterprise institutes annual ten thousand commandments report country, 436 00:30:04,720 --> 00:30:06,800 Speaker 1: or in the range of that one point nine trillion 437 00:30:06,840 --> 00:30:10,880 Speaker 1: dollars every single year. That's a number that rivals the 438 00:30:11,000 --> 00:30:17,600 Speaker 1: entire federal discretionary budget. You spread that across households, not 439 00:30:17,880 --> 00:30:23,160 Speaker 1: citizens households. That's somewhere in the neighborhood of say what 440 00:30:23,240 --> 00:30:27,600 Speaker 1: fourteen to fifteen thousand dollars per household per year in 441 00:30:27,720 --> 00:30:32,360 Speaker 1: embedded costs that you're paying. Now, we won't get rid 442 00:30:32,360 --> 00:30:35,640 Speaker 1: of all of those burdens, but what if we could 443 00:30:35,680 --> 00:30:40,760 Speaker 1: cut the regulatory burden in half. That's an additional seven thousand, 444 00:30:40,920 --> 00:30:43,120 Speaker 1: seventy five hundred dollars per year that you would have 445 00:30:43,160 --> 00:30:45,600 Speaker 1: in your pocket that you're not paying in the price 446 00:30:45,600 --> 00:30:48,200 Speaker 1: of the goods or services. That's not a tax you 447 00:30:48,320 --> 00:30:50,840 Speaker 1: voted on. That's not a tax that Congress passed in 448 00:30:50,840 --> 00:30:54,120 Speaker 1: a roll call vote. It's a tax that's written by 449 00:30:54,160 --> 00:30:59,680 Speaker 1: bureaucrats whose names you will never know and who answer 450 00:30:59,720 --> 00:31:05,520 Speaker 1: to nobody you elected, except for the Congressional Review Act, 451 00:31:07,040 --> 00:31:12,880 Speaker 1: which is why Trump, more than any other president, is 452 00:31:13,000 --> 00:31:15,960 Speaker 1: using it to roll these back. Let me let's walk 453 00:31:16,000 --> 00:31:22,120 Speaker 1: through auto's, housing and pharmaceuticals quickly. The most visible for 454 00:31:22,720 --> 00:31:27,080 Speaker 1: cars are the cafe standards, the corporate average fuel economy standards, 455 00:31:27,600 --> 00:31:33,240 Speaker 1: crash test mandates, emissions equipment ev fleet averaging requirements that 456 00:31:33,320 --> 00:31:40,160 Speaker 1: adds substantially to vehicle sticker prices. Both the EPA and 457 00:31:40,240 --> 00:31:45,360 Speaker 1: the National Highway Traffic Safety Administration themselves have acknowledged that 458 00:31:45,520 --> 00:31:49,440 Speaker 1: compliance costs just for the CAFE standards is in the 459 00:31:49,560 --> 00:31:53,840 Speaker 1: range of three to ten thousand dollars per vehicle, depending 460 00:31:53,840 --> 00:31:56,280 Speaker 1: of course, on the model year and the regulatory cycle. 461 00:31:57,600 --> 00:32:01,320 Speaker 1: You want a debase model truck, got a base model truck. 462 00:32:01,560 --> 00:32:05,200 Speaker 1: Plus you got a federal regulatory package that you didn't 463 00:32:05,320 --> 00:32:08,400 Speaker 1: order and you can't opt out of. You can't say 464 00:32:08,400 --> 00:32:11,160 Speaker 1: to the dealer, yeah, I want that car, but without 465 00:32:11,160 --> 00:32:14,520 Speaker 1: the regulatory package on it, which would save you anywhere 466 00:32:14,520 --> 00:32:19,120 Speaker 1: from three to ten thousand dollars. Housing this is stunning 467 00:32:19,160 --> 00:32:23,160 Speaker 1: to me. The National Association of Home Builders has documented 468 00:32:23,440 --> 00:32:28,760 Speaker 1: that government regulations, zoning, environmental reviews, building codes, impact fees, 469 00:32:29,000 --> 00:32:35,240 Speaker 1: permitting delays account for roughly ninety three thousand dollars of 470 00:32:35,320 --> 00:32:38,160 Speaker 1: the cost of an average new single family home. That's 471 00:32:38,200 --> 00:32:42,080 Speaker 1: almost a quarter of the price. That's not contractor markup, 472 00:32:42,120 --> 00:32:46,479 Speaker 1: that's not lumber costs, that's compliance. That's the regulatory burden 473 00:32:46,720 --> 00:32:50,640 Speaker 1: of just buying a house. So you know, when people 474 00:32:50,680 --> 00:32:54,040 Speaker 1: wonder why housing's so unaffordable, part of the answer is 475 00:32:54,040 --> 00:32:58,640 Speaker 1: that we've regulated affordability out of the entire housing market. Drugs, 476 00:32:59,040 --> 00:33:02,920 Speaker 1: everybody bitch is about Dr DUG prices. Well, the FDA 477 00:33:02,960 --> 00:33:06,160 Speaker 1: has what I would describe as a trillion dollar toll booth. 478 00:33:06,840 --> 00:33:09,680 Speaker 1: The cost to bring a new drug to market is 479 00:33:09,720 --> 00:33:14,320 Speaker 1: somewhere between one and two point six billion dollars, driven 480 00:33:14,440 --> 00:33:18,960 Speaker 1: primarily by the FDA's clinical trial and approval gauntlet. Now, 481 00:33:19,040 --> 00:33:22,400 Speaker 1: those costs don't evaporate, they get admortized in the price 482 00:33:22,400 --> 00:33:26,080 Speaker 1: of every single pill that gets sold in you buy 483 00:33:26,680 --> 00:33:29,560 Speaker 1: the dirty little secret that well, let's just cap drug prices. 484 00:33:29,800 --> 00:33:32,440 Speaker 1: The people that screen that, they don't want to discuss. 485 00:33:32,800 --> 00:33:37,480 Speaker 1: The regnatory approval process is a massive cost driver and 486 00:33:37,600 --> 00:33:40,880 Speaker 1: price controls that's going to kill the research and development 487 00:33:40,880 --> 00:33:45,280 Speaker 1: that produces the drugs in the first place. Appliances, the 488 00:33:45,320 --> 00:33:50,160 Speaker 1: Department of Energies war on your washing machine it's absurd, 489 00:33:50,400 --> 00:33:54,480 Speaker 1: or your hvac or your fridge. The savings and energy 490 00:33:54,520 --> 00:33:59,040 Speaker 1: costs are frequently real, but they're usually overstated, and the 491 00:33:59,080 --> 00:34:02,320 Speaker 1: savings you might have chosen on your own without a 492 00:34:02,320 --> 00:34:05,760 Speaker 1: federal mandate. If the market offered them might be significant, 493 00:34:05,920 --> 00:34:09,920 Speaker 1: but consumer reports started noting years ago that, for example, 494 00:34:09,960 --> 00:34:13,520 Speaker 1: top loading washers under the new standards simply don't clean 495 00:34:13,560 --> 00:34:16,840 Speaker 1: as well, so you pay more for a machine that 496 00:34:16,960 --> 00:34:20,480 Speaker 1: works less. Congratulations. I'm from the government. I'm here to 497 00:34:20,520 --> 00:34:25,320 Speaker 1: help you. This one is difficult to comprehend, but it's 498 00:34:25,680 --> 00:34:30,560 Speaker 1: I think easily understandable. Dodd Frank the Dodd Frank Act 499 00:34:30,560 --> 00:34:35,120 Speaker 1: generated thousands of pages of new rules. And community banks, 500 00:34:35,480 --> 00:34:37,760 Speaker 1: which were not the institutions that caused the two thousand 501 00:34:37,760 --> 00:34:41,719 Speaker 1: and eight financial crisis, they bore compliance costs that were 502 00:34:41,880 --> 00:34:45,719 Speaker 1: so severe that hundreds of community banks were forced to 503 00:34:45,760 --> 00:34:50,560 Speaker 1: either close or merge. What did that result in? Again, 504 00:34:50,920 --> 00:34:58,120 Speaker 1: the regulatory burden imposed less reduced competition. It imposed higher fees. 505 00:34:58,920 --> 00:35:02,440 Speaker 1: You got fewer lending options, particularly in rule or lower 506 00:35:02,440 --> 00:35:05,480 Speaker 1: income communities. So the people least able to absorb the 507 00:35:06,040 --> 00:35:10,719 Speaker 1: cost they got hit the hardest. Because regulatory burden is 508 00:35:10,840 --> 00:35:15,440 Speaker 1: frequently regressive. Large corporations, well, they've got huge legal and 509 00:35:15,480 --> 00:35:20,640 Speaker 1: compliance departments. Small businesses, individual consumers, mom and pop shops, 510 00:35:20,640 --> 00:35:27,120 Speaker 1: sole proprietors, they don't have that energy energy good grief. 511 00:35:31,520 --> 00:35:37,080 Speaker 1: You think about all of the National Environmental Protection Agent 512 00:35:37,280 --> 00:35:41,200 Speaker 1: or act rules. The ever expanding scope of EPA rule 513 00:35:41,239 --> 00:35:45,200 Speaker 1: making all translates into higher energy costs. You know, natural 514 00:35:45,239 --> 00:35:49,360 Speaker 1: gas that could flow cheaper through a permitted pipeline instead 515 00:35:49,800 --> 00:35:53,799 Speaker 1: moves by truck or rail. Y's higher costs, and you 516 00:35:53,840 --> 00:35:55,919 Speaker 1: pay for that at the pump, in your utility bill, 517 00:35:56,120 --> 00:36:00,200 Speaker 1: and in the price of every manufacturer good that requires 518 00:36:00,360 --> 00:36:05,320 Speaker 1: energy input, which is to say, everything you buy. Regulatory 519 00:36:05,360 --> 00:36:10,400 Speaker 1: compliance is a fixed cost that functions like a regressive tax. 520 00:36:10,880 --> 00:36:14,320 Speaker 1: Large companies they just absorb it, pass it on. Small 521 00:36:14,360 --> 00:36:20,000 Speaker 1: competitors get crushed, reducing your choice. Consumers, especially middle income 522 00:36:20,040 --> 00:36:24,359 Speaker 1: or LORC income consumers, paid on every single transaction, whether 523 00:36:24,400 --> 00:36:28,000 Speaker 1: they know it or not. The debate is not regulation 524 00:36:28,120 --> 00:36:31,600 Speaker 1: versus no regulation. As I say, some regulations are legitimate 525 00:36:31,680 --> 00:36:35,920 Speaker 1: and necessary. The debate ought to be whether the marginal 526 00:36:35,960 --> 00:36:40,440 Speaker 1: benefit of each new rule justifies the marginal cost, And 527 00:36:40,560 --> 00:36:45,480 Speaker 1: that cost benefit analysis almost never gets done rigorously, rigorously 528 00:36:45,960 --> 00:36:48,600 Speaker 1: by the deep state. They just want to impose the 529 00:36:48,680 --> 00:36:51,960 Speaker 1: rule because that gives them more control and more power. 530 00:36:52,680 --> 00:36:58,680 Speaker 1: I'll see you on the other side of the news.