McCain: Speech 06/17/08

John McCain
Town Hall Meeting
Houston, TX 06/17/08

TRANSCRIPTION
What is certain in energy policy is that we have learned a few clear lessons along the way. Somehow all of them seem to have escaped my opponent. He says that high oil prices are not the problem, but only that they rose too quickly. He's doesn't support new domestic production. He doesn't support new nuclear plants. He doesn't support more traditional use of coal, either.

So what does Senator Obama support in energy policy? Well, for starters he supported the energy bill of 2005 -- a grab-bag of corporate favors that I opposed. And now he supports new taxes on energy producers. He wants a windfall profits tax on oil, to go along with the new taxes he also plans for coal and natural gas. If the plan sounds familiar, it's because that was President Jimmy Carter's big idea too -- and a lot of good it did us. Now as then, all a windfall profits tax will accomplish is to increase our dependence on foreign oil, and hinder exactly the kind of domestic exploration and production we need. I'm all for recycling -- but it's better applied to paper and plastic than to the failed policies of the 1970's.Oddly enough, though, Senator Obama doesn't want to lower the gas taxes paid by consumers, which would be the most direct and obvious way to give Americans a break at the gas station. Even in tough times for our economy, when folks are struggling to pay for gas and groceries, tax relief just isn't change he can believe in.

JM TX 06-17 (JR#59) SUK-ClipE

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Category:

News & Politics

Tags:

• McCain
• Obama
• energy
• oil
• 06/17/08

[33Tek]

you're right dude...plus Obama graduated from Harvard, which is a school where the brightest people go to. "McSame" voted with Bush 90% of the time, and he's got a lying, inexperienced VP. Do we really want another 4 years of the same?? I think not...OBAMA AND BIDEN NOVEMBER 4TH!!!

[deanrdd]

Oh John, you talk about drilling, but when asked where, you say "offshore". Just drill everywhere?

Obama said he is for nuclear if we can come up with a viable way to control the waste.

Obama said he is against traditional coal burning, but if we could keep it clean, he would approve.

McCain graduated 5th from the bottom from a class of 899 Cadets. It shows.