tv Book TV CSPAN December 20, 2009 9:15am-10:00am EST
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what do you think? >> i think we're making real progress. >> i'm more optimistic this week than i've been for a while. >> the president is saying look, i'll go to copenhagen. >> oh, he said that today. >> he said it to reuters yesterday, because i -- >> secretary-general is in town, he's talking to peel. i think, you know, people want to get this done, kathy. you know that. we have the huge campaign now. clean energy works. we're all part of it. >> is it working? >> eye lines i -- alliance is pf it. meg is the co-chair of it with jean. they have 500 people in the field, all over the country. >> anything for advertising? >> yes. you know the challenge is, if it's a political campaign, you know what day election day is. here, you don't know. you don't know. it's very, very good. >> it's hard. >> it's very god, but things are
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definitely moving. >> that's great. >> thanks to everybody's hard work. >> how is it at doe? >> it's fabulous. >> send rick back to us. >> no. >> where is he. >> he should be here. >> he never tears himself away. he and i had dinner last wednesday night and he was supposed to go to the c.i. dinner on friday night and everyone said rick was supposed to come, but he cancelled. i went. i'm here because i'm having date night with my husband. >> where is your husband. >> he's right behind the guy with the black and white shirt. the guy with the beard. >> hello. how are you? >> i'm great. >> you're all mic'd up. >> so i want to know, are you going to copenhagen? >> yes. >> is there a big delegation going? >> there is. we're planning it, and we're supposed to have votes december 18, which when i heard, that's the last day of copenhagen, so we're trying to
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figure that out. >> we should actually talk about how to bring briefings, activities, whatever. >> so jake was in barcelona, and i was in barcelona, i talked to jake and heather. >> was heather there? >> heather allen. >> oh, heather taylor. not heather allen. that would have been fun. >> the c4 is up and running. >> i know. i'm so proud of her. >> you should be. she's doing a great job. bob epstein is the chair of it. >> she and bob are just -- lock armed. >> they are. we're motoring along. it's good. >> you're like fully staffed up now. >> finally. yeah. we are. actually, we have a new director. >> is he here? >> i don't know. we have to ask somebody. >> let me know if you need me, i'm happy to sit down with anybody and i offered it to scott because he was calling me
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asking me, what should i do and i said you should take the job. >> do you know him? >> no. >> we need to meet him. we need to ask somebody. hello, tim, where are you now? >> clean economy network. >> where is that? >> amy christianson? >> to. no. we start add new non-profit about 10 weeks to go. 2 to 10 in three months. >> one of the best interns. >> sam blodgett. he's on full time with us now. >> what's the agenda? >> is there always an agenda? i have no motive. >> what's the mission? >> we represent clean businesses, entrepreneurs, venture capitalists and we're creating a 50-state network, so actual businesses don't sign up for us. it's just clean energy professionals in them, business network just merged into us, it
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just became official, so we're building this chapter structure and we have a c3 and a c4. >> >> so you're a not for profit. >> c3 and pac. >> you should know that this is tim's. >> tim is one creative guy. it was the bus tour. >> i still have nightmares about that, i'm in the bus, i'm in the box. it's like a could 15 with wheels. >> later on when you write your memoirs, that will be up front and center. >> i hope you'll write the foreward. >> laurie or cheryl rights the foreward. >> this is exciting. >> yeah, it is. >> are you doing a tour around it? >> we did a press brief,, and tomorrow and then we go to h.a. and san francisco, so yes, a little tour, and it's moving, this is moving real fast on
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amazon. it's like the number one policy book. >> sarah palin, here you come. >> apparently on one of the sites, it was based on tom payne's common sense and glen beck did a common sense something too, so they're next to each other, except mine is above his. more sales. >> that's awesome. that's good company. he's my favorite american philosopher. >> because we send a notice out to the members, so we have a hot of members, so people are -- and it's very reasonably small and it's also small. >> you can read it in a flash. it's really fun, because it sort of goes through you know, what's the science, what are the impacts, what happens to you people, what are the security issues and then how do you solve it, and there are a lot of skeptics still out there. i mean, last week -- >> co2 is good for you. >> i spoke at this economics club in chicago with 250 people,
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on the panel with oe and somebody gets up and says i want you to know i am a skeptic about the science and i thought i would hear a balanced view. i'm there from the nuclear industry. >> we don't even need them to care about the science. >> but there is. you still need to get out and explain to people why you have to do this. because the science is there. and it's important. and there are a lot of risks if you don't do it, so that's what it's about. short and to the point, the way i always speak. >> i can't wait to read it. we'll have to get a copy to my boss. >> oh, i sent her one. >> you did? >> yes. i inscribed it. i don't know if it ever makes it through the mail. >> who did you send it to? >> i don't know. >> who would have put it in the meal? >> richie. >> richie should just give it to me. >> i don't think it will ever
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penetrate, will it? >> i just got a letter today that was mailed on october 14 and then it's not -- like it will go into a pile and i don't know if she'll see that copy. >> ought better autograph that copy. she deserves an ough autographed copy. >> i did. i'll give you one before you leave. >> i want to advise you on something. >> yes. >> i'm going to may host next spending to the white house correspondents association dinner. number one, i want to invite you to come. >> that's very privileged. >> it's a big social thing. i want to make it a mutual event and you can actually help me do it. who's the best? >> alan hersh is the best person to talk to. we've done a lot of sports screening and a lot of event greening and we have the template now, like we did the
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oscars and we did the grammies, so we really know actually what you need to do, so he's the best person. that's great. that's wonderful. never thought about it. >> i think with this president, i think it will be a neat statement to make. >> i think it will be fantastic. >> i'll send you an e-mail about it. >> are you kidding. i've accepted already. >> great. i'll send you the details. >> great. >> congratulations. >> oh, hi pete. thank you. congratulations to you on all the good work you've been doing. >> well, it's been a lot of fun. >> i bet it it's fun. i bet it's fun. >> keep people on their toes, right? >> absolutely. >> it's very exciting. this is nice. >> so do you feel like -- >> i feel like an author. >> is this going to be a higher
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level of jetting around the country. >> a little bit more compressed. we're going to go to san francisco and almost a. i was -- and l.a. i was in chicago last week. it's pretty compressed. go to all of our sites. but it's exciting. actually, the book is very accessible for those -- i went to chicago, spoke at the economics club, the first question is, i thought i was going to hear a balanced view about this, you know, you're all on the same side, it was me and john roe from excellence, so there's a lot of skeptics out there and that's what the book is really designed to do, to milwaukee something accessible for the skeptics. >> well, it's the best explanation of market forces and cap and trade that i've seen. it's so short and cogent, but it really works. i can't hang around long but i wanted to come by and say -- >> well, have something to eat. >> i will. >> thank you.
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>> hi, lisa. >> the new look. >> thank you so much for coming. >> my husband keny. >> francis,fies to be here. >> so sorry. running a few minutes late. >> no, no. no stress. to the extent that i'm stressed, i'm stressed anyway. >> to, you shouldn't be. >> how is everything with you. >> good. >> we're on microphone. >> so we don't have much to talk about. do that on a night when you have images of books floating in your head. >> sometimes when i'm down here, it would be great of to dinner. >> that would be great. we should just compare notes. >> i think things are actually, you know, i'm talk about this all day, but very positive. >> good. >> i really think we're on a great track. >> you know what, the media, that work has been great.
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>> no. >> the secretary-general is in town, talked to him briefly. i was heading down the road on this. and we're there too. >> well, today i guess the president said that he may go -- >> he may go. and i assume you're going. >> yes. >> i will see you there. >> yeah, i would assume. >> but you're not going for the two weeks? >> everything is up in the air because if the president goes, everything changes in terms of what you say. >> he actually said, you know, i think from what i hear that they're going to make it a very high level meeting, so there will be lots of -- >> pretty extraordinary. >> yeah. so let's see, who are our guides here? being, somebody should be managing us. >> i want to thank you all for coming out here tonight. sto commemorate a first book of everyone in the room and a
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friend of the nrdc, our president, frances beinecke. i'm fred dean, the director of communications for the nrdc and i'm not sure, but what this says about my tenure here or what i'm thought of or my own stature, but someone told me that in the twitter age, this may be as big as a book ever needs to be again. so i don't know whether that's the case, but it is what frances set out to be, as accessible, it is authoritative and timely and it's very timely that you all would be here with us this evening. i do want to say a couple words, a quick thank you to some people. the washington staff of nrdc and the new york staff of nrdc has worked very hard to make this event come together and indeed, to help get this book together
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on what was a fairly short time frame. and i want to give special thanks tonight to liz and suzanne for all you did for this event. thank you very much. >> thank you. >> i would also be remiss if we did not say a very special thank you to our publishers, roman manned littlefield. i have to tell you that frances is what we in virginia call an uncompromising woman. and when frances said this book has to be part of the conversation, while it is a live conversation, our publishers embraced that as no other publisher anywhere in america could have. frances received the contract from roman and littlefield on september 9. on november 9, two months later to the day, this book was number 18 on amazon. that is a tribute to our
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publishers as well as to frances. >> and moving up. >> i want to introduce if i could a very special guest we have with us. when president obama began putting his cabinet together a year ago, one of the very first appointments he made was to the administrator of the environmental protection agency. that was important, because the president upped stood the vital role that this agency plays in the protection and preservation of our air, our water, our lands, and our health. and so when it came time to appointment the best person he could find anywhere in the country for this of difficult but vital job, he chose a woman who is a product of two distinctly american cultures. lisa jackson was born in the pennsylvania dutch country and raised in the great city of new orleans.
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now, she knows what it's like to move with grace between two worlds. my mother-in-law came from new orleans. i know a little something about the kind of women that city can produce. and if i can put it in the vernacular, they're not the kind of women to be trifled with, and in her first year on the job, lisa jackson has made that point vivid live clear. -- vividly clear. to those who would sully our soil, spoil our waters or pollute our air, the message has been clear, don't even think about it. lisa is watching. it wasn't all that long ago that things weren't like that in this country. just 40 years ago, there was no epa, the federal government was
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not organized in a way that it could take on the polluters who threatened our waters and lands. and so the e epa was formed in 1970 to begin to take on that role. that was the same year it happened that a group of environmental lawyers shared office space in new york city and that was the beginning of the natural resources defense council. like the epa, the nrdc is dedicated to policies grounded in sound science, the rule of law and the public interest. over the past four decades, we have journeyed together on a mission to safeguard our earth. seldom has that mission brought our goals more closely in alignment than it has under the tenure of lisa jackson. with lisa watching, the epa has
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used the authority it has to question mountaintop removal and to require special permits and special scientific scrutiny of those who would remove mountains to get to coal. with lisa watching, the epa has restored protections against pollution in a number of waterways that have been put in a kind of legal limbo by supreme court desomething'ses and with lisa watching, the epa has moved swiftly to call carbon emissions for what they are, a pollutant that is warming our planet and must be checked and must be regulated. seldom have we walked more closely together in fact than we have in these recent months when we have joined in efforts to try to finally do something about climate change. we know we can put americans back to work, reduce our reliance on foreign oil and help
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to create a healthier future for ourselves and our children, by taking on this widening scourge and working together, the epa andette nrdc are making together to progress toward that goal so it gives me great pleasure and i know you all share hi michigan pride to welcome here tonight the administrator of the environmental protection agency and a champion of our lands, lisa jackson. [applause] >> wow. thanks, bob. what an intro. you can intro me any time. any time. well, i'm not going to take a long time here this evening. i just want to do a couple things. the first is to thank you, bob, and thank you, frances, for the honor of addressing this crowd. so many friends, so many people who have been working on these issues for such a long time, on clean energy, on climate, but
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not just on clean energy and climate. the range of issues on which we agree and thankfully, sometimes don't agree, because we need you to continue to push us and make sure that we're thinking of all the angles, and considering all the health and environmental impacts of our work are so broad at this time and so it's just lovely to have a few minutes to address you here. i would be remiss if i didn't remind every one of a couple of things. there are a bunch of people watching lisa, one is clearly frances and i'm afraid too, she is not to be trifled with, but i also know that i have some epa employees here. i saw gina, the extraordinary head of our office of air and radiation, for whom -- [applause] >> -- for whom i'm grateful every day and i'm sure of a -- drink, she's grateful too to have joined us. any other epa folks? hi. >> i'm with the research office.
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>> hey, thanks for coming. nice to see you. so listen, and the second continuing i want to talk to you tonight for just a second is clean energy and to say listen, thanks for allowing me an opportunity to talk about why clean energy is simple common sense. we need to get the word out, so this is very timely messaging indeed, that clean energy, common sense for our economy, common sense for our national security, common sense for our environment, for the future of our planet, for our children, and for our grandchildren. when you see north carolina growing clean energy jobs at twice the rate of overall jobs or tennessee, or iowa, growing clean jobs at seven times the rate of the average, or south dakota, who mentioned to beat them all with 19 times the job growth in the clean energy sector than overall job growth, we know that it's common sense and good for our economy.
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when we receive billions of dollars going to other countries, many of whom might not have our security interest at heart, and every year, see ourselves despite rhetoric of after rhetoric, watching our increasing reliance on fossil fuels and on oil that comes from offshore, leave us vulnerable, we know that energy independence is a common sense solution for our country and for hour national security. but for me, most importantly, when we see polluted air, when i see water that is literally in parts of our nation today making people sick, when we experience historic droughts or in my beloved hometown, horrendous historic flooding, we know that clean energy is just fewer common sense for our environment, for reducing climate pollution, reducing other pollutions and confronting once and for all, the threat of climate change to our planet. some people think it might make
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sense to stick to the status quo and i bet frances will have something to say to us about that. there's talk of ramping up our existing supplies, but we have been down that path before. in 2001, we saw an energy plan focused on fossil fuels. supporters of that plan said it would lower costs for consumers, for businesses, and it would too reduce our growing fendens on foreign oil. but here today, we know that plan didn't work. it didn't work for our security, it didn't work for our businesses, it didn't work for our environment and it certainly hasn't worked from the standpoint of jobs. by 2006, crude oil prices were up 143%. gas prices had gone up 71%. natural gas was 46% more expensive and dependence on foreign oil had increased to 65%. and that's not counting the $4 a
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gallon gasoline we saw just over a year ago and simply increasing our domestic fuels does nothing to reduce air pollution. it won't help the millions of american children like my own who suffer from asthma. it won't allow our smoke-clogged cities to finally breathe easier, nor will it do anything to reduce the prevalence of cancer and other diseases that are increasingly linked to burning fossil fuels, so i ask you all to please compare the two options that we have. on the one hand, the dirty burning fuel supply we used to has gotten more expensive, it's damaged the health of our kids, it's damaged our communities, it's ruled in billions in american tars going overseas each year, rather than keeping that money here in our economy. on the other hand, clean energy has created jobs. as market share has grown, as technology has progressed, the cost of clean energy has and will continue to decrease and it's put us on a strong course
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towards improving our national security, our sustainability, environmentally, and our economic competitiveness. in broad terms, clean energy jobs are up and clean energy costs are down. while fossil fuel costs are up, and the money we pay for that fuel is increasingly sent to other countries. the question for me, i think now, is which of these two paths that so clearly lie before us, do we want to follow? i thank each of you for all the work you've done in illuminating those paths and also in helping us make that choice, we have much work yet to do and i know you'll be pushing us on. thanks so much. [applause] >> they didn't tell me that i would have the honor of introducing a woman who i now can call friend. there are many things you do when you find that you might actually be named as the next
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administrator of the epa and one of them you do is called the head of the nrdc, you would be crazy not to, but when i found when i spoke to her and it wasn't my first time was not only a personal warmth, and a professional level of support as a sister and a friend, but a voice that i could turn to just for some common sense ideas, and a constant supply of support and energy. so ladies and gentlemen, i give you author frances beinecke. [applause] >> thank you so much, lisa, and i just want to say that we are so privileged at nrdc and in the nation to have an epa administrator who is so committed to protecting the environment, to ensuring that citizens all across the country are fairly treated to healthy air, water, food, and who --
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those who have suffered particularly from disproportionate impact over the years, from lack of environmental quality are so high on her agenda, so i am a huge admirer of lisa jackson, also a friend, but so grateful that the president has appointed somebody who -- for whom environmental protection is the mission of her life, who will do everything in her power to ensure that the future of this country and the well-being our citizens are protected going forward, so she is a total champ and we are so lucky to have her as part of the environmental future of this country and also here with us tonight. i have also want to thank all of my colleagues and friends from nrdc and from the environmental community, from the hill, from all the agencies, who are here, because this book, clean energy common sense, is really an every
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did he ever for all of us. -- an endeavor for all of us. this is the product of my career but the career of everybody in this room because we are linked in our efforts to advance environmental protection, advance solutions to climate change and ensure that we do have a clean energy future that does make common sense for the country, what that does create jobs in the country, that addresses security issues, that ensures that hour carbon emissions decline. that's the purpose of the book -- and of to thank bob deans, because he told you the schedule and there would be no book without that partnership. he's an amazing colleague to work with on this, but what we wanted to do was to really go out and have a book that could talk to the american public, and here in this room, i'm with people who work on this issue every day, who are passionate about it, and who have studied it in great detail and great depth and know more than nip 1. i can assure you of that. but the fact is that isn't true across the country and i travel
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across the country and there are people each and every day who continue to be unsure. they are skeptics. just last week i was in chicago speaking at the economics club with john roe, 250 people there. the first question was, i don't really believe you. i don't believe that the science is there. it wasn't the only question either and i was at a dinner party in the bronx where i live just the other night, same question, is this really true. so it is true. we know that the science is in, and people need to know what the science case is from authoritative sources. the purpose of the book was really to present, it's short, read it on the plane, pick it up at the airport, put it in your pocket, and get the full story. that the science case is in that there's serious impacts already occurring, that there are elodge cam impacts, there are serious humanitarian impacts, it's a serious humanitarian impact.
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the c.i.a. to the pentagon have this very high on the agenda. that these are issues that we must address and we must address them now and then the other part of the book, which is really important if they get through that part is there really are solutions and that is what we're all about, that's what we're working on here in washington, every single day. we know what the solutions are, they're available now, we need to put them in place, and we need the help actually across america to do it, so in the end, it's a call to action. we want people across the counselry to participate with -- country to participate with us, and we want them to feel like they understand the issue, so by picking up the book, reading through it, we're hoping that they will take action and really call on their senators, on their elected officials, so finally get us on a trajectory that reduces carbon emissions, that creates a clean energy economy for this country that unleashes tremendous opportunity for american workers across the country. lisa and i were in gary,
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indiana, with the teleworkers. i went to cleveland. when go to that part of the country, you feel the loss of jobs. you want to do everything in your power to make sure that these jobs are real, and we unleash them as quickly as possible, so that gets us to the competitiveness issue. it's not only in the united states where there's a lot of eagerness to unleash the clean energy economy hand for those who have been to china recently, you can see that it's happening there and i want it to happen here, so that we are the leaders around the world and we really set the pace for how we move to a low carbon economy, that takes us down a very different road and that protects the planet, and all the planet systems and all the planets people in the process. so i want to thank you all for being here. i'm happy to sign any books, if anybody witness me to, but more than anything, want to thank hall of you for the work that you are doing on behalf of the
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planet, because the point about this issue is, it is so broad, it crosses all sectors, and it will take all of us and we're going down the right path. so thank you all very much. enjoy the evening, and thank you for being here. [applause] >> i'm from roman and littlefield. >> oh, you're my hero. look at this, we're already way up on the chart. how do you know? >> no work was done at our office today. everybody was just going on amazon. >> i don't even know quite how to find it. but that's a lot of fun. then we'll do more projects together. >> i'd of love to do more projects together. >> i don't know how you did it so quickly. >> this is our publisher, marcus boggs. >> marcus, thank you so much. this is a great partnership. >> yes, it is indeed.
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>> it's fantastic. >> i just said that, let's do some more, because you know, we want to get out there and talk more broadly, and to actually have it published and out in the marketplace and not just be our product, you know, puts enormous credibility on it and the fact that it becomes marketable and it's actually moving up the charts, you know, that guess an endorsement of what the topic is, so you guys guessed right. thank you. >> absolutely. >> thank you. >> well, thank you. >> i don't know if we can do anything quite so quickly again. come and take a picture. these are our publishers. get the publishers. this is their product. >> let me take a couple. observation, great. >> here, i'll hold it up. >> without them, there would be no book. >> steve, get over here. >> this is our head of manufacturing, steven driver. >> thank you very much. >> he's the one who got the
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print schedule. >> great. great. i appreciate that. >> you really went on overdrive, i'm sure you did. how can you do things that quickly? >> not often. >> occasionally. >> but it's -- it's fun when we do. it's fun to see it all come together. >> it looks so food. thank you. it looks great. did you guys do the design? >> yes. >> it's really nice. really nice. >> bob talked about the concept and -- >> would be, great concept. >> wallace did the cover design, it was designed in house. the term size and the interior was mine. there's a lot of people that put it together. >> fantastic. thanks. good.
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>> frances beinecke co-authored "clean energy common sense" with bob deans and to find out more, visit nrdc.org. >> we're here with garrett peck, the author of "the prohibition hangover," what was the pro hijack and when did it take place? >> prohibition was a constitutional amendment that took place in 1920 and lasted almost 14 years, until 1933. the country realized that
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prohibition didn't work out too well, because we banned the manufacturer's sale and transportation of alcohol, which of course, engendered a tremendous amount of law breaking and then once the great depression took place, the country realized, you know what, this is becoming such a big law and order issue and we need the jobs back, so we ended up repealing prohibition. >> can you talk a little bit about how we got to prohibition iand the lit example infighting that led to this system amendment. >> there was a century long reform movement, called the temperance movement, which was designed to get our countrymen who not just sober up, but to abstain altogether and they used the excuse of world war i to change the constitution. we declared war on germany in 1917 and of course the brewers at that time that germans, so what whole lobly was marginalized and at that time the anti-saloon league, which was like the anti-rifle association, got the constitution changed at that
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point. i don't think the country really realized what had happened horreally what the consequences would be, but the result was prohibition. >> speaking of the consequences, what was the fallout of prohibition, businesswise, socially? >> it's kind of the theme of the book, we have a hangover from prohibition itself and the book hooks at what happened in the last 70 years since prohibitionnded. i have the one chapter that deals with pro hijack and the rest of the book looks at gosh, what are our social attitudes about alcohol today, how the social stigma against alcohol has largely worn off. it still exists in a few places, especially the deep south and some places in the midwest. why we have such a stigma against our children drinking alcohol, the drinking age being 21, that's a big part of the national debate going on, so i have a whole chapter dealing with the drinking age and at the same time we look at how alcohol has become the major craft movement. it goes along with the whole julia child foodie movement. buff we like craft beer and wine that comes from single vineyards
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and bourbon that's made in small batches and so on, so americans have really changed their attitudes about alcohol. it's shifted over from something that's like to get drunk on towards something that we much now appreciate. we realize it's a great thing to socialize with. >> looking at the social aspects of alcohol in america, was it a moral choice in the beginning and now we're moving away from that? >> sorry, can you rephrase that? >> sure. at the beginning when we look at the beginning of the temperance movement, we see this as a moral crusade, if you will. are we becoming -- is it still a moral choice to drink or not to drink? >> i think for most americans today and by the way, two-thirds of adults drink alcohol today, alcohol has long since lost the sin, we don't call it demon rum anymore, but we worship at the cold altar of cabernet. most of us drink now and most of
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us don't want to be told anymore, you shouldn't drink, it's wrong to. that was the genesis movement of my book, where i thought, i have to go write about this, was seeing how my grandmother responded one year at christmas to me bringing a bottle of wine and got a little bit snooty. i come from a methodist family, methodist being were the ones -- we're the first church to embrace temperance, that is abstinence overall and i'm a generation xer, most of us drink and this is not an issue anymore, this is not a sin, so seeing that generational divide take place, that was the impetus behind the book. >> seeing california, the push for the legalization of marijuana and we're seeing the push in other parts of the state, is this today's current anti-prohibition? >> that is certainly i think a key issue. it's really fascinating -- my book doesn't cover any illegal drugs or anything, but every talk i give, that question always comes up and it's really
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fascinating. there's interesting parallels between the drug wars of today and prohibition, so that we've been fighting the drug wars far 40 years and gosh, are we winning the drug wars? yeah. not so much. one of the interesting kind of parallels or non-parallels to the drug wars to prohibition, even during prohibition, personal possession was never outlawed. the 18th amendment only made the manufacture, sale, and transportation of alcohol illegal, but you could still possess it. you could still have it in your home and make wine in your home. you fast forward to the drug wars, we've made personal possession into a felony and hence, we've filled our prisons full of people, largely who are low level drug offenders. >> we're at the national press club's author night in washington, d.c. you lead here and you lead temperance tours, if i was to go on one of those, what would be the first place we would go. >> the very first location starts off at the coggs wells temperance foundation, at 7th and pennsylvania, and it was a fountain put there in 1882 by
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henry dogswell as a reminder to washingtonians to drink water instead of whiskey and we visit the calvary baptist church and we finish off at the woodrow wilson house and he has a fascinating wine cellar in the house, which was during prohibition, transported out of the white house to his new house. >> the book is "the prohibition hangover." thanks. >> thanks for having me here today. >> here's a look at some upcoming book fairs and festivals. over the next few months.
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>> david wessel argues that pep burn single handedly came to the rescue of the u.s. economy hand prevented a second depression. mr. wessel claims that bernanke's response effectively made the federal reserve the fourth branch of government. mr. bernanke was named "time" magazine's person of the year. politics and prose book store in washington, d.c. hosted this
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event. >> thank you very much. i appreciate especially all the people who are standing. when this was first scheduled, my first reaction was, well, nobody will want to come here about a book about the fed in august, so i hope that that doesn't say as much about my ability to predetective the economy as it does my ability to predict the tastes of washington audiences. three years ago at this time of year, if you had suggested to anyone that we might be anything close to having another great depression, unless an asteroid hit the earth, you would have been dismissed as some kind of cook and about two years ago at this time in august of 2007, you would have still been dismissed as a kook, but at that time the u.s. economy began to shudder, but it seems every other episode we've had in recent history, we've had some big calamity and then they figure out -- that's
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probably me, we have some big calamity and then the economy manages to sake it off. over the last 20 years, we've had the stock market crash of the high tech stocks, we had a hung presidential elect, we had 9-11, we had a couple wars in high rack, and each time, the economy would sort of hit hard hand then bounce back and so there was no reason to believe that this time would be any different. about a year ago, in august 2008, it was already clear that this was going to be a little unusual, the fed had pulled an emergency cord that they had not touched since the great depression in order to spend $30 billion of your money to subsidize the purchase of bear stearns by jp morgan chase and the u.s. economy was beginning to slow precipitously. but even a year ago, it seemed very unlikely that we were about to tumble into anything that resembled the great depression. and then in september and october of 2009, we came closer
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