'This Week' Transcript: Rahm Emanuel

And in the case of BP and their $20 billion, in the case WellPoint and the way they were raising insurance premiums, we've jawboned them to do what's right because there are other equities at play here. And if you use all your tools, some cases its jawboning, in some cases it's building a consensus. And in other places, it's also understanding that if you need the government -- or most importantly, the tax-payers' resources, you have to make the changes that are necessary for you to survive and be a viable entity like in General Motors.

So there's not just one kind of tool out of the tool kit box. You apply it with a different way. And I will also draw this consensus -- difference. As we're thinking about energy policy, in the past administration, it was just industry in the room.

In this administration, you're going to have industry, you're going to have labor, you're going to have environmentalists, you're going to have other experts as it relates to the climate. You will have an entire approach rather than one voice, one perspective represented. It's the same way that what Joe Barton expressed.

He views that the industry is the most important voice. The president's views is the fact is there are many equities and they all have to be at the table defining a common ground and common solution.

TAPPER: Well, let's talk about the energy bill, because in the tradition of not letting a crisis go to waste, you guys are talking about an energy bill. And I'm wondering how important is it to the president that energy legislation includes a carbon tax.

Will he sign a bill that doesn't include that?

EMANUEL: He campaigned on the view that you've got to deal with comprehensive energy, and also that energy bill has to have a climate component and helping us reduce our dependence on carbon as well as our carbon -- reducing our carbon pollution.

TAPPER: Does that include the carbon tax?

EMANUEL: Yes -- no, wait, Jake, let me walk through it. In the House of Representatives, they've passed a cap and trade -- an energy bill with cap and trade as a component. He spoke about this in Pittsburgh. He also spoke about it in the Oval Office. Everybody is coming to the meeting next week. There will be a meeting on Wednesday, senators from both parties with array of ideas are coming to the table.

They know the president's perspective. He has been clear with them about what there needs to be done. His goal now, now that the House passed a bill, is to get the Senate to pass a comprehensive energy bill that reduces our dependence on foreign oil, makes key investments in the areas of alternative energy so America leads in that space, and deals fundamentally with the environmental degradation that happens from carbon pollution.

And so that's what his goals are. He is trying to find a consensus working with members of both parties. And the good news here, unlike in other past theories (ph), there obviously will be Republicans with a set of ideas, like Senator Lugar who has introduced his legislation. There are good parts of that. Senator Alexander on the Republican side. Senator Kerry and Lieberman, Senator Bingaman.

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