coal, all renewabs, all of these things, an in a perfect world, maybe i am o pollyanna, why preferredne over the oth outside of environmental issues? >> we don't, but the market does because the renewables are so deep a mac expensive. we have 500 years worth of coal aat current usage rate, we're finding more and more natural gas, we don't have to go to wind and sar for energy dendence. lori: thank you very much, david. speaking of that, we want to bring in the latest developments we have been following. the present weighing in on the keystone pipeline duringhe common speech sayi it should only be approved if it is not worth then carbon pollution. the president still insists he will not me the decision to approve the project but the state department is in charge he find out if the jce your coworks are on is doing more good than harm. and should you put ethan in your car? the debate continues after the break. lori: the supreme court clearing the path for gas, t will lori: ethanol getting the green light, supreme court refusing to block the sale of e15. despite criticisms from the auto a

. >> there's such dysfunction there now that you'd have to be pollyanna to say, oh, yeah, suddenly they're this, they're going to pass immigration reform. immigration reform is going to pass out of the senate probably with a very big margin. and now that the house speaker has said that he needs to have a majority of his majority and lay down the law because, by the way, he needed to keep his speakership and that was probably a prerequisite for keeping his speakership, i don't see how you get around that. i really don't. so i -- i think that at a certain point unless the democrats are willing to do what nancy pelosi said they were not willing to do on this farm bill, it's going to be very difficult. maybe the democrats will save the day. >> well, i keep saying speaker pelosi but it's leader pelosi. leader pelosi made it very clear if you want our vote, you must have our input. the republicans want their cake and eat it as well, plus ice cream. she's been very clear that democrats will support these measures if democrats are able to have some input. without it, they are -- they basically hav

i don't want to be a pollyanna, but i do see the institution made up of quality members coming back under different circumstances to make a difference. while i accept certainly the critical observations about this, i think you need a deeper, longer, the stroke of you about the institution, see the quality of the members that exist and recognize they will find their mode. they just did on immigration or about the. i think they will on other issues. what chuck schumer did with orrin hatch and others and find a compromise allowing it to go forward, i think we begin to see a better day. i wanted to end on a positive note, that i'm not as down on the institution and i realize all of the things that have been said i also believe this current membership can have some very, very significant moments. and equally if not -- >> thank you very much. [applause] >> i think senator dodd just took the most unpopular position ever taken in this building, he defended the congress of the united states. thank you very, very much. no,. >> well, this is a treat. certainly a treat for me to listen to bob and chr

quickly, listen, i think we all agree here, right, that there may be problems, that nobody is a pollyanna and the chinese banks may have a problem and we'll have another recession but it's going to happen and we can't sit on our hands and worry. you need to be protective and smart, but you can't just freeze up. >> mind you, people who over the last three to five years, some of them masters of the market, they have spent a long time talking about chinese liquidity in portuguese obligations and greek haircuts, and while that's all fun and well and good, at the end of the day the stock market is where it is compared to where it is, the housing market is where it is compared to where it was, and in that context i can while the rise in mortgage rates has been dramatic and economic, i'm not sure i'm ready to sell short the housing market yet in terms of its recovery. >> the recovery continues. does it get even stronger from here or just keep on going in the same pace? >> i think it's clear the recovery continues. they in is will we see the 20% increases in some of the hard-hit areas like las ve

lori: is it too much to wishful or pollyanna situation to say, hey, let's come together.ome of its own economic issues. we have our own economic challenges. how can we better work together especially given not just economic challenges but geopolitical threats with north korea and other hot spots? >> that is not too much to hope for and that is the part that is really important is the ability to sit there and say, okay, we may disagree on all these other things, the straits of china, all the taiwan issues, devaluation of the yuan, but let's separate them from the china security issue. from a economic perspective we all benefit from it. u.s. companies want to do business over there worry about it because they wind up losing their intellectual property. they don't want to yell too loudly because it becomes more difficult to do is. it is in their best interest to join us find common ground, develop norms in the cyberspace, develop confidence building measures and move forward as a stand-alone issue as it relates to cybersecurity. lori: do you think that goal could be better a