Bush on Bush: CNN 10/07/08 (Part 2)

George Bush on George Bush
2:00pm
Speech

TRANSCRIPT:
On OIL:
"The rescue package was just not aimed at dealing with the financial issues, it was aimed at dealing with the energy issues, too, to help encourage alternative energy so we become less dependent on foreign oil. However, in the meantime, we need to be drilling. I would rather us drill here than send our money overseas. And we can do so in environmentally friendly ways. congress responded to the will of the people by lifting the ban on offshore energy exploration, which is good. It's gonna take a while to go through all the permitting and all the environmental regulations, but nevertheless, a positive step was taken to become less dependent on foreign oil."

ON FREE TRADE:
"Last year about half of our growth was attributable to exports. And so it makes sense for Congress to continue to open up markets in places like Columbia or Panama or South Korea, take Columbia, for example. Most of their goods come into our economy duty-free, and yet our goods or taxed- in Columbia. I don't understand why Congress wouldn't want to at least level the playing field [] for our workers to simply send the message, treat us the way we treat you. That's all we want. Give us a fair chance so we can export our goods. Exports are a very important part of our economy. Congress oughtta work hard to expand markets."

ON "REGULATORY REGIMES":
"Step one is to fix the immediate, solve this thing, and step two- make sure we don't get tomorrow where we are today. Without creating a regulatory regime that inhibits small business growth."

LABEL: GB GB CNN 10-07-08 14.00 (LR#94) TPart2

Category:

News & Politics

Tags:

• Bush
• TRACKING
• free
• trade
• oil
• economy