This is CBS, I Am the World. I'm John Bachelor. American economy at years and the Secretary

of the Treasury Janet Yellen in the Wall Street Journal has many remarks about what

went wrong but also looking to the future, extremely positive of the line that I take most

sensitive to the rhetoric of presidential administrations. Times can be tough but Americans

are tougher. From the depths of the crisis we have bounced back and the President's economic

plan has bolstered the U.S. economy's resilience to today's global challenges. I welcome my colleague

Professor Richard Epstein, a senior fellow at the Hoover Institution, Teaches Law at NYU in the

University of Chicago, writing most recently after finding ideas for the Hoover about Janet

Yellen's column among other thoughts at years and Professor, a very good evening to you. Thank

you for this. The Secretary refers to the Presidency Economic Plan. What was it? What is it? Because I

thought so much of it was elbow to side when he did not win through his build back better legislation.

Good evening to you. Good evening. Well, I don't think he has an economic plan. There are a series

of initiatives dealing mainly with the energy sector which is designed to suppress its operation

both in the production and the distribution of energy and the specific thing that Ms. Yellen

mentions in her op-ed is that the managed to release 180 million barrels of oil from the oil

reserves. That's not a plan. Essentially what happens is if you want to increase production,

you can't do it by reducing capital reserve. So she's taking some up stuff out today and he's

going to have to put it back tomorrow. And this is a zero. So the plan seems to be to try to convert

energy as fast as possible in a reckless fashion, in my view, to solar on the one hand and to wind

on the other and to do everything you can to suppress the production of fossil fuels,

refracting and other kinds of devices. Then the rest of this particular plan says we don't

wish to create any pollution, even though we're very good at drilling and get more unit

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