#shorts Sen. Kennedy ask, “What if we spend 50 trillion dollars, Europe cooperates, most western democracies cooperate, but India and China don’t. How much will our 50 trillion dollars lower World temperature?”
Dr. Litterman: “Senator, we have to get the world to work together. How much? I don’t know.”
Senator: “Do you believe based on your observation of Mr. Xi Jinping that he will ever do anything that is inconsistent with China’s best interests in the name of global climate change?”
“I understand that China has a federal carbon tax.”
Kennedy: “Okay, yeah. But, faced with a policy, okay, where China does something that’s not in its best interest but it does it because it’s in the global best interest, do you think President Xi would do that?
“I think that President Xi understands that we have to work together to address this global problem. Yes, I do, and it will be in the best interests of China to work with the United States to address.”
Kennedy: So, you think the answer is yes?
“I think the answer is that it’s in China’s best interest to work with the rest of the world to address this problem, as it is in the United States’ best interests to work with the rest of the world to address this problem. Do you create harmonized incentives?
“Do you believe in the Tooth Fairy?” Kennedy asked.
“No sir,” Litterman said.
“Do you believe in the Easter Bunny?” Kennedy responded.
“No sir.”
“Do you believe that Jimmy Hoffa died of natural causes?”
“No sir,” Litterman said.
President Joe Biden outlined in 2021 steps the federal government needs to take to achieve net-zero emissions by 2050, though questions about how it will be funded and its benefits have arisen.
Founding partner at Kepos Capital and chair of the Climate-Related Market Risk subcommittee Dr. Robert Litterman testified during a hearing to consider “climate-related economic risks and their costs to the Federal Budget and the Global Economy.” Kennedy also asked another witness, President of the American Action Forum Dr. Douglas Holtz-Eakin, similar questions.
other clips of this published longer video is here: https://youtu.be/6IYyZpa7S98
Do you believe in Easter Bunny? Do you believe in Tooth Fairy? Do you believe that Jimmy Hoffa died of natural causes?