FULL 'This Week' Transcript for Nov.29, 2009

ROBERTS: But for the president to then be going to Copenhagen with all of this going on, becomes somewhat problematic for him, I think.

WILL: But what I was going to say there is that the United States pledges to reduce its carbon emissions 83 percent below the 2005. That will not even be seriously attempted, and here is why. That would mean we would have total carbon emissions equal to the United States in 1910, when there were 92 million Americans. Furthermore, our per-capita carbon emissions in 2050, when he says this is going to happen, when there's going to be 420 million Americans, would be on a per-capita basis what we had in 1875.

STEPHANOPOULOS: (inaudible) credibility problem as well. I mean, I think the issue is, I think the president had to go to Copenhagen. It was the only way to get the Indians and the Chinese to go as well. But, Paul, as he goes, he'll be making a commitment that he can't necessarily keep unless the Senate follows through.

(CROSSTALK)

KRUGMAN: Everyone understands that. And I just want to say, I'm surprised, George, that you lack faith in the power of the marketplace. All this cap-and-trade is about is putting a price on carbon emission, and people will do amazing things given a market incentive.

WILL: Speaking of the marketplace, the biggest industry in the world right now may be fighting climate change. There are billions, trillions of dollars on the table, and when you say, well, they are academics and they are scientists and they talk in funny ways -- academics are human beings, and the enormous incentive to get on the bandwagon on global warming, the financial incentive, the market driving this, is huge.

KRUGMAN: There is tremendously more money in being a skeptic than there is in being a supporter. It's so much easier, come on. You got the energy industry's behind it. There are 20 times as many believers as there are skeptics in the scientific community. They get almost equal time in the media.

(CROSSTALK)

WILL: Is there a larger venture capital firm in this country than the Energy Department of this government, which right now is sending out billions and billions of dollars in speculation on green energy?

ROBERTS: But I think that's something that the American people want. I mean, we want green jobs. We don't want to see those polar bears on those ice floes without any ice around them. All of that. I think, coming up with ways to have the energy that we use without causing global warming and polluting the air is something that is something desirable.

(CROSSTALK)

DOWD: I agree, the public wants that. But if Uncle Joe doesn't have a job, they say let's -- don't worry about the polar bears right now.

(LAUGHTER)

STEPHANOPOULOS: We have just about a minute left. And just quickly on this pretty crazy story at the Indian state dinner. A couple was able to crash the gates. And, George, at first, you know, you laugh at it, how can they possibly do this? You know these guys are going to go sell the story. But it's a pretty serious security breach.

WILL: At the end of the day, it's not funny. There is an old axiom that applies elsewhere but not in Washington, that when there's no penalty for failure, failure proliferates. This was a failure of security of major proportions. And let's see whose job is lost.

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