56:17 and then ridicule Amtrak in the same kind of dialogue. Does this make any sense to anybody? No, it's just mind control To get you, and boy wait until I play you the president clip about... I might as well just go straight into the whole trains thing. This is great though it doesn't stop. From a different perspective you know this China is spending 300 billion dollars on high-speed rail. Right! That's a government infrastructure project we are... Yeah they work for $1 an hour Laura Tyson economist We're trying to get one. What? The typical wage in China is 25 dollars a week which is below a dollar an hour.
56:59 That's the truth. We don't have state funds to do it, we don't have federal funds. Listen to what she is saying because her message is going to come up in a minute She said that we don't have the government funds, we don't have the state funds, and we don't have the money. In the middle of this civil war while were fighting across the country A lot of guys would like to start it again I noticed. This is another meme by the way... This is this is another meme you've got to look out for we we've done it before yeah, I gotta be there later too. Yeah, okay? No, I your position anyway if he built this we built the interstate railroad system We build the cross-country trains. We had an interstate The land grant colleges scientific farming we did all that in the middle of Civil War we can do a lot Of big things in a public sector way you rise attitude Chris
57:52 I love the SLO. Do you like the SLO? I love it! I need to point out something that isn't on the list tonight, but it should be on the list because another thing happened this week we had the first meeting of uh... Now listen to this so this woman is actually she has the president's ear okay she's the one that tells the president what we need to do for the economy deficit reduction commission and in the US country- The U.S. has a huge deficit and debt problem And I want to warn everybody here It's very dangerous It's a warning John take heed when women like this talk. It's a warning, but what really think about this building massive infrastructure Which was part of the way the u.s.. Became a major economic power We're not gonna have the funds to do it we're gonna say oh we need to actually cut the deficit All right so then so Bill Maher goes in the whole thing saying like well we got 787 billion How come I'm not getting any trains for that and she gives the answer?
58:48 She gives the answer as to how we're going to build this high-speed rail, and it is the most un-American horrible thing I've ever heard in my life. So tax baby tax maybe is what we should do with the oil company? Unless everyone applauded yay for taxes! Why does anybody applaud for taxes?! I think there's another tax here which is very important. One can tax, baby-tax the oil companies... Okay let's not do that because they're our friends! But i think that to solve America's environmental problems, to move America to alternative energy, to move America to efficiency in buildings, to have everybody in this audience and everybody who's listening be more efficient in the use of energy we have to consider taxing it
59:40 have to raise the price. The price of oil and oil products in the United States as you know is a fraction of what it... That's not entirely true yes, a fraction but half is not like she makes us sound like it's 1 18th percent of the cost of gas anywhere else It is in other countries that don't have the environment to build solar or wind the way we do What is that? Other countries don't have the environment to build solar and wind the way we do. What is she talking about? But this is... but, uh-huh Yeah well almost They do it because of price of oil And its artificial And the tax is a great source of revenue so I would say add that in as another price for the user Yes and BP this was the company that owned that oil rig It was kind of good news and bad news for them this week Bad news their rig exploded Good News
1:00:32 uh... their profit for the first quarter was double last year six billion dollars and and oil last year was forty one dollars a barrel now it's eighty four and part of the reason is going to go up again as because of this exploding reagan so it's kind of a win-win for them as opposed to say appellate can't write but if you want so he does the setup and she gets the hammer home But if you want to slow down demand for their product and therefore slow down the price increase that they, the increase in the price of their gallons of oil They sell. You have to slow down demand by giving users a price incentive not use it. A price incentive? A price incentive! Not to use it. That would make it really expensive. That's interesting Yeah, yeah, a price incentive I think that is called a disincentive
1:01:21 or a reverse incentive. That's bullcrap! This woman is horrible." Well, she's running a lot of the show this is what you gotta know I didn't know about this you got me on this one well and I know where this comes from because on April 17th there was a press conference in Washington Ray LaHood who was our transportation secretary Which I just love that name, LaHood. Sounds like a hood doesn't he? LaHood! You leaving? Okay Ray LaHood Joe Biden and President Obama Very small not really picked up by a lot of people but it did happen It was for press only and of course I spent a lot of my time on the weekend watching C-SPAN