Senate Proceeding on Jul 30th, 2008 :: 1:20:10 to 1:25:52
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1:19:57 to 1:20:10( Edit History Discussion )

Richard Durbin: jobs right here in this country. how can they come down here and consistently vote no and say they want an energy policy? the president should release oil from spro this week. our goal should be $100

1:20:10 to 1:20:23( Edit History Discussion )

Debbie Stabenow: a barrel oil. let him show some leadership on this energy crisis. i yield the floor. a senator: mr. president? spreernt from michigan. -- the presiding officer: the senator from michigan. ms. stabenow:

1:20:10 to 1:25:52( Edit History Discussion )
Speech By: Debbie Stabenow

1:20:23 to 1:20:36( Edit History Discussion )

Debbie Stabenow: i ask that the majority control the time from 12:30 and and the republicans control the next 30 minutes and that it be controlled in alternating fashion. the presiding officer: without objection.

1:20:36 to 1:20:47( Edit History Discussion )

Debbie Stabenow: ms. stabenow: i want to thank my colleagues, our assistant majority leader from illinois, the senator from california for speaking today because we are quite astound and i have to stem cell you coming

1:20:47 to 1:20:58( Edit History Discussion )

Debbie Stabenow: -- i have to tell you coming from the great state of michigan where we care about jobs, mr. president. i know, as you do, coming from the great s tate of pennsylvania, our folks are desperate for good-paying

1:20:58 to 1:21:16( Edit History Discussion )

Debbie Stabenow: jobs. middle class jabs that allow them to pay -- jobs that allow them to pay that mortgage an outrageous gas prices and be able to keep their families afloat and put food on the table. and what we

1:21:16 to 1:21:29( Edit History Discussion )

Debbie Stabenow: had in front of us today was an effort to once again block the future with alternative energy jobs and block today by stopping an investment in the highway trust fund that would keep 400,000 jobs going in

1:21:29 to 1:21:48( Edit History Discussion )

Debbie Stabenow: our country. that's a lot of jobs, mr. president. 400,000 jobs. now, why do they do that? when you look around, since this president and vice president, have taken office, gas prices have tripled.

1:21:48 to 1:22:02( Edit History Discussion )

Debbie Stabenow: oil prices are four times higher. and families and businesses are being squeezed on every side. why can't we get action? who benefits? hmmm. i wonder, mr. president, who would like this picture? well,

1:22:02 to 1:22:24( Edit History Discussion )

Debbie Stabenow: let's look at who would like this picture. i only pick on one company because they happen to be the ones showing the highest profits. during this time that families, truckers on the road trying to make

1:22:24 to 1:22:38( Edit History Discussion )

Debbie Stabenow: a living, businesses, small and large trying to hold it together, during this time of crisis, hmm $185 billion profit since our president and the vice president, two oil men from texas took office. $885

1:22:38 to 1:22:54( Edit History Discussion )

Debbie Stabenow: billion in profits. what we have here, mr. president, is an oil agenda. we have had an oil company agenda since they took office on every step of the way. now, in the bill that was turned down

1:22:54 to 1:23:13( Edit History Discussion )

Debbie Stabenow: today, it wasn't just turn turned down today. it was, in fact, turntd down on -- turned down on june 10 of this year, june 17 of this year, july 29, and today. now, this isn't the only time we have

1:23:13 to 1:23:29( Edit History Discussion )

Debbie Stabenow: gone back as far as last year, a year ago, tax incentives and the energy bill that were blocked twice by republican colleagues on behalf of big oil. june 21st of 2007, december 13 of 2007. we can

1:23:29 to 1:23:45( Edit History Discussion )

Debbie Stabenow: go on. february 7 of this year republicans blocked adding critical energy production tax incentives to the stimulus that was passed. now, they're willing to give everybody a little bit of a check,

1:23:45 to 1:23:59( Edit History Discussion )

Debbie Stabenow: a little bit of a rebate check. but we're talking about creating jobs and investing in competition with the oil companies, oh, no, oh, no. who wouldn't want that competition? let me see. maybe these

1:23:59 to 1:24:14( Edit History Discussion )

Debbie Stabenow: folks wouldn't want that competition. maybe they were the ones that said, no, no, no, we don't want to be focusing on electric vehicles and investing in battery technology or consumer credits for new

1:24:14 to 1:24:26( Edit History Discussion )

Debbie Stabenow: vehicles. no, no, we don't want to invest in solar, wind, geothermal. no, no, no. getting off of oil? no, no, no, no. this is the oil administration. we don't want to get off of oil. we want to embrace

1:24:26 to 1:24:46( Edit History Discussion )

Debbie Stabenow: it. we want to continue it. and, unfortunately, mr. president, that is exactly what has happened. record profits, the total combined net profits of the big five oil companies since our president took

1:24:46 to 1:25:03( Edit History Discussion )

Debbie Stabenow: office are upwards of $556 billion. and if i sound a little upset, i am. because i've got folks in my state that are just struggling to try to make it. are they investing here at home with that $556

1:25:03 to 1:25:18( Edit History Discussion )

Debbie Stabenow: billion? well, the oil companies spent 88 billion buying back their own -- $188 billion buying back their own stock in the last five. exporting, 106 million bears a day were exported. we're in a global

1:25:18 to 1:25:34( Edit History Discussion )

Debbie Stabenow: economy. unfortunately, even though i think it is important to have domestic oil supplies, it's in a global economy. it's not necessarily going to stay here. the drill only drill forever crowd, that's the

1:25:34 to 1:25:52( Edit History Discussion )

Debbie Stabenow: oil agenda. it's the oil profits agenda in a global economy. well, mr. president, let me just share a moment some folks that are suffering under the oil agenda of this president and vice president and the