This is to important not to post fully. The Democrats, lead by Sen. Obama continue to drive the American Economy to have to rely more and more on foreign energy rather than making use of the energy resources we have here in the U.S. It’s apparent that Sen. Obama and the Democrats care little if anything about the people of the United States and our daily lives. Instead of looking to see what’s best for America and her people Sen. Obama continues to put himself and politics ahead of everything else. Sen. Obama has no proven track record of accomplishment in his checkered, Chicago Political Machine, political career. Sen. Obama has a host of questionable associates, associations, and political advisors and feigns ignorance at their backgrounds. Sen. Obama’s associates and political advisors include convicted felons, and former CEO’s and executives of failed financial institutions at the heart of the current financial crisis. Sen. Obama preaches “Hope” and “Change,” and yet, it’s nothing more that empty rhetoric being spouted forth by an empty suit.
We’ve all seen the television ads saying every year America
spends $700 billion on foreign oil, constituting the largest
transfer of wealth in human history. It’s no coincidence that
Congress is now considering the largest government bailout in
American history. The current energy situation is bleeding the
American economy and jeopardizing American security.
This week, Congress will likely pass legislation authorizing
$700 billion to bailout Wall Street. Our economy is struggling.
But, just a week ago, the Democrat-led Congress blocked the
creation of thousands of American jobs, denied the American economy
an influx of more than $900 billion, and refused close to $600
billion in federal taxes.
Despite the clear necessity for more American-made energy, and
the overwhelming public support for increased domestic drilling,
the Democrat energy bill kept much of our known resources in the
Outer Continental Shelf off limits and failed to open ANWR and the
Western United States to development. Their plan will not lead to
the production of a single barrel of oil.
And, as a result, their plan will also not create much needed
jobs or pump much needed money into our sluggish economy. For every
one direct job in the oil and gas sector there are more than 4 jobs
in other industries. It’s estimated that increasing American oil
production by just one million barrels per day would lead to an
increase in employment of 128,000 jobs. Boosting oil production by
two million barrels a day will create an annual increase in Gross
Domestic Product of $164 billion and consequently generate 270,000
jobs. And, development of the ANWR Coastal Plain alone would lead
to 735,000 jobs throughout all fifty states. Tragically, the
Democrat plan makes all of this impossible.
Instead, we’re creating jobs and wealth in other countries. And,
all too often we benefit countries like Venezuela, an open enemy of
the United States, or oil sheiks in the Middle East who bankroll
The U.S. unemployment rate is at a four year high. In July,
employers announced a 26% increase in planned job cuts. Sales for
the auto industry fell 13% in just a year.
American families are struggling to make ends meet. More than
three quarters of people say that the rise in prices at the pump is
a financial hardship. Yet, for every $50 these Americans put in
their tanks, they are now sending $19 overseas. And, that’s not the
only place Americans are feeling the pinch. Food prices have risen
by 5% in just one year—the largest increase in almost 20 years.
Nancy Pelosi and Democrat leaders can put a stop to this, but
they have chosen not to. Although they have agreed to allow the
moratoria on oil shale development and offshore drilling to expire,
as scheduled, on October 1, 2008, they have not addressed
obstructive environmental litigation. As a result, oil production
will be blocked. For the past several years, fringe environmental
groups have challenged 100% of leases in the Alaskan OCS, the
entire five-year national OCS leasing program, and thousands of
onshore leases in Alaska and the lower 48 states, effectively
blocking any new production.
An amendment I attempted to offer to the Democrat plan would
have allowed for expedited judicial review of environmental
challenges to leases, but it was rejected. The Democrats don’t
actually want drilling to occur and the radical environmentalists
are their last line of defense. Speaker Pelosi and Democrat leaders
have endangered the American economy so as to cater to fringe
environmental special interests.
America must transition from fossil fuels towards clean
renewables, yet this shift cannot happen over night. We cannot wean
ourselves off the old energy source if the new is not yet viable.
In ten years, the oil and natural gas industry invested $1.2
trillion in numerous long-term energy initiatives. The best way to
speed the transition from fossil fuels to alternatives is to
strengthen the American economy thereby encouraging critical
investment in the new industries that will power our nation in the
American Made Energy = American Jobs
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