or were awash with petro dollars or had no need to stimulate their own domestic economies. the inflow allowed the united states to borrow at very low rates but all of that has changed now. the trade surpluses have disappeared. the petro dollar balances have shrunk and many countries are trying to stimulate their own economies. not to mention the fact that other democracies in the world are also in the market, borrowing huge amounts of money. so we have to be very, very cognizant that the ability of the united states to move forward and buy the time for health reform to begin moderating the growth of cost is limited. and what this means is that, i think, the cbo cost estimates and the debate around the spending in these programs is critically important to our future. now, i realize that this message has not been very uplifting and it's very hard to try and extract the silver lining from this dark cloud. but cognizant of the fact that uwe reischauer, where is he, will appear later and regale us in one way or the other, i thought i might end with a little humor even though it

i represent petro chemical. it is home to thousands of industry. we cannot allow the petro chemical industries to migrate out of america. they are vital to our economy and our nation. these industries could be left vulnerable to foreign competitors not facing carbon regulations if we do not carefully craft policies to prevent job loss and strengthen u.s. industries at home. i want to thank congressman inslee and congressman doyle for putting forth a proposal to provide 15% of the free allowances to emission intensive industries to address competitive concerns, especially in the chemical industry. if a manufacturing facility is energy intensive and trade exposed, allowances will be provided that facility on a production output basis, providing rebates for both the direct and indirect costs and complying with the climate program. it will level the playing field while encouraging emission reductions. the bill also protects the domestic refining industry while creating a climate change practice. our domestic refiners will face a competitivsa

. >> it's petro -- >> jim: it's prez pretty amazing when we are told that you are 19 years older than your younger brother rich hill. it's an amazing age difference, yet you're still very close. >> well, we were born on the same day actually 19 years apart. he continuously reminds bhe that as i've changed into the hair color change. it was a great experience to the whole family to have rich in our lives. >> buck: lloyd, we're just now getting to get to know rich better as he joins the organization. talk about how he stays involved in his community, high school and kids around the south boston area. >> as you can imagine, the time between the end of the season and spring training is quite short. he's very generous with his time fundraising, offering clinics at the different high schools and little league can raise money to help fund their different excursions and jv uniforms and freshmen iewrn iewfn forms. he and his wife are generous with their time. >> buck: obviously, there's a small fraternity of baseball players and coaches. rick kranitz and alan dunn a- couple of influential peop