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If you didn't auction the [CO2] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of the United States. All of the evidence is that what would occur is that corporate profits would increase by approximately the value of the permits.

Peter R. Orszag

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Peter R. Orszag
Age: 55
Born: 1968
Born: December 16
Banker
Economist
Former Director Of The Office Of Management And Budget
Politician
Boston
Massachusetts
Peter Orszag
Peter Richard Orszag
Energy
Profit
Caps
History
Increase
Profits
Didn
Program
Largest
States
Trade
Occur
Auction
Ever
Evidence
Permit
Auctions
Would
Value
Represent
Enacted
Values
Corporate
Approximately
United
Welfare
Permits

More quotes by Peter R. Orszag

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Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
Peter R. Orszag
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For example, I was privileged to be working at the White House under the Clinton administration and had not finished my Ph.D., and I thought I was the cat's meow.
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There've been times where I wondered whether it was worth continuing in my own education.
Peter R. Orszag
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The most important thing for small businesses is getting the economy back on its feet. That - the key driver of small business activity is demand for their product, and that is what we are trying to do, getting the economy back on its feet. That's far more important than other factors.
Peter R. Orszag
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Well, I think what we need to remember is that budget deficits can impede economic activity.
Peter R. Orszag
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My mom is a very warm, typical sort of Jewish-mother type. And my dad has a somewhat, um, different personality.
Peter R. Orszag
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It is a foregone opportunity that we could have a trillion dollars more of income for the United States if we were producing at capacity rather than falling so far short of it.
Peter R. Orszag