i am michelle myers and the director of the local sierra club. i want to piggyback on what was said and address the fact that the stakeholder and the technical review meetings that we have been auditing really more than participating have become a bit contentious and i want to call on lafco to take an active role and moderate and find proactive solutions. i think two people that have the best interest of the program are two agencies i guess -- one consultant and the puc, have the best interest of the program at heart, but are having a hard time getting to a place where we can get the maximum amount of community benefit we need. this gets us to a place we have 51% renewable generation in the city. that is amazing. we should look at that and wow how they doing that and still competitive with pg&e rates? and i think it's different from the enabling legislation for the contract it's hard to wrap our heads around t i was happy to hear ms. miller to come up with solutions and look at other things and this is a larger program and looking at others to co

michelle myers joins us on set for a deeper dive into the numbers. michelle, certainly, a lot of the factors, you can explain away this number all you want. >> yeah. >> at the end of the day, still uncertainty because of the fiscal cliff. if it will have an impact, what will sequestration do to the next number? >> that's a really good point. i think if we do see a sequestration kick in, probably would impact q-1 gdp, but it will impact q-. defense, if it's the defense cuts that we see, we'll certainly see further contraction in federalense spending and that will be a hit to the real economy. >> because of these, the fourth quarter numbers, the economy is stronger than you think. are there certain extrapolations like that contraction in the defense spending that we saw in the fourth quarter that may have been a little bit stronger than had been inanticipated that makes you rethink q-1, even? >> the way it was interpreting the report is that it is largely distorted. you had the massive inventory. you had the defense swing and that typically -- you typic