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Senate Proceeding on May 9th, 2011 :: 0:15:35 to 0:20:50
Total video length: 4 hours 57 minutes Stream Tools: Stream Overview | Edit Time

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Mitch McConnell

0:15:35 to 0:20:50( Edit History Discussion )
Speech By: Mitch McConnell

Mitch McConnell

0:15:52 to 0:16:12( Edit History Discussion )

Mitch McConnell: him very quickly this evening. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: first, we just swore in our new colleague dean heller, and the majority leader is giving a reception for him this afternoon. we would hope that many members will take the opportunity to go by and welcome him to the -- to

Mitch McConnell

0:16:13 to 0:16:33( Edit History Discussion )

Mitch McConnell: the senate. mr. president, on another matter, i'm going to devote my leader time this afternoon to an issue that may not be on the democrats' legislative agenda this week but which is certainly on the minds of most americans every day. i'm referring, of course, to the high cost of gasoline. all across the country, people are suffering from the runup in

Mitch McConnell

0:16:34 to 0:16:54( Edit History Discussion )

Mitch McConnell: gas prices that we've seen over the past few months. it's squeezing family budgets, tightening margins at already struggling small businesses and imposes a mortal threat to any economic rebound. this is a critical issue. americans are looking for

Mitch McConnell

0:16:55 to 0:17:16( Edit History Discussion )

Mitch McConnell: answers, and yet, all they're getting from the president and the democratic leaders in congress are gimmicks and deflection. we've seen this before. every time gas prices go up, democrats claim there is nothing they can do about it, then they propose something completely counterproductive just to quiet their critics. this time, it's a tax increase.

Mitch McConnell

0:17:17 to 0:17:37( Edit History Discussion )

Mitch McConnell: that is the democratic response to high gas prices, a tax hike. well, the first thing to say about this proposal is that it won't do a thing to lower gas prices, not a thing. in fact, raising taxes on american energy production will increase the price of gas. oh, and it would also make us

Mitch McConnell

0:17:38 to 0:17:58( Edit History Discussion )

Mitch McConnell: even more dependent on foreign sources of oil. now, that's not my view. that's the view of the independent congressional research service which concluded in march that the democrats' proposed tax increase on energy production would -- quote -- "make oil and natural gas more expensive for u.s. consumers and

Mitch McConnell

0:17:59 to 0:18:20( Edit History Discussion )

Mitch McConnell: likely increase foreign dependence." it sounds like a brilliant strategy to me. beyond raising taxes, democrats insist there is nothing they can do about gas prices, but i think most americans feel differently. i think most americans believe it's time to stop talking about what we can't do and start talking about what we can do. and if the president and

Mitch McConnell

0:18:21 to 0:18:41( Edit History Discussion )

Mitch McConnell: democrats in congress are truly serious about lowering gas prices and making us less dependent on foreign sources of oil, here are a few suggestions. first, if ever there was a moment to develop our resources here at home, it's now. for decades, democrats have

Mitch McConnell

0:18:42 to 0:19:02( Edit History Discussion )

Mitch McConnell: resisted efforts to tap our american resources. then when gas prices go up, they tell us how many years it would take to get the product to market. it's time to take this excuse off the table by breaking this cycle. second, democrats need to allow energy companies to cut through the bureaucratic red tape that

Mitch McConnell

0:19:03 to 0:19:25( Edit History Discussion )

Mitch McConnell: prevents companies that are authorized to explore here from getting to work and putting thousands of americans back to work. third, they need to stop penalizing america's producers with new fees and threats of tax hikes which only drive energy companies overseas and help our foreign competitors create jobs

Mitch McConnell

0:19:26 to 0:19:46( Edit History Discussion )

Mitch McConnell: in places like venezuela. and they need to call an end to the antienergy crusade of e.p.a. in short, democrats need to throw away the old play book, throw that one away and face this crisis with a new kind of creativity, independence and common sense that the american people are demanding. democrats need to stop

Mitch McConnell

0:19:47 to 0:20:07( Edit History Discussion )

Mitch McConnell: deflecting attention from their own complicity in our nation's overdependence on foreign oil. they need to stop paying lip service to the need for american exploration while quietly supporting efforts to suppress it. an end to the approach that hasn't changed, frankly, since the days of jimmy carter. just like carter before them,

Mitch McConnell

0:20:08 to 0:20:28( Edit History Discussion )

Mitch McConnell: today's democrats are using the cris of the moment as an excuse to push their own vision of the future with a windfall profits tax on energy companies, and just like carter before them, they have rightly been accused of bringing a b-b gun to the war. this is a serious crisis.

Mitch McConnell

0:20:29 to 0:20:50( Edit History Discussion )

Mitch McConnell: it's time for serious solutions, solution that is create jobs instead of moving them overseas, solutions that decrease our dependence on foreign sources of oil rather than increase it, solution that is offer relief rather than mere

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