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MarketFoolery

MarketFoolery: 03.30.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 30 March 2011

⏱️ 13 minutes

🧾️ Download transcript

Summary

Does Microsoft co-founder Paul Allen have a legitimate beef with Bill Gates? What will President Obama's energy plan mean for investors?

Transcript

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0:00.0

It's Wednesday, March 30th, and this is Market Fullery.

0:05.0

I'm Chris Hill and joining me in studio today from Million Dollar Portfolio, Ron Gross,

0:09.0

from Income Investor James Early, and from Motley Fool Asset Management, Bill Barker.

0:13.8

Guys, good to see it.

0:15.0

Good to see him Press.

0:16.4

Coming up, a new book from Microsoft co-founder Paul Allen is getting headlines,

0:21.4

but guys, first we will start with President Obama's speech on

0:24.6

energy earlier today he outlined his vision for America's energy policy

0:29.5

which included a goal of reducing US oil imports by one third by the year 2025.

0:36.0

James Early, I will start with you.

0:38.0

What was your reaction to the president's speech?

0:40.0

I guess a presidential speech is sort of like a rice cake like it you feel like you've eaten

0:44.3

something but there's really nothing to show for it in your stomach I felt I enjoyed the tone

0:48.5

but we didn't really get to hear any proposals and the whole point here is who pays

0:54.8

we would all like more clean energy, we would all like less dependence on, or almost all of us would like less dependence on foreign oil,

1:00.6

but these are either going to be paid for by taxpayers in a form of subsidies to these producers

1:05.8

of clean energy which we have already and we would just increase presumably or via rate

1:09.8

pairs like when we pay our electric bill if there's some sort of federal mandate that utilities buy a percent of their energy from green sources.

1:18.0

So bottom line, the two big wildcars here are going to be nuclear and a natural gas. Nuclear is something the

1:24.9

president continues to support which I'm proud of him for I think I think we

1:28.0

should not be reactionary based on Japan as a totally different set of

1:30.9

circumstances our nukes are dealing with here a lot safer

...

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