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Senate Proceeding 06-03-08 on Jun 3rd, 2008 :: 3:13:04 to 3:32:33
Total video length: 4 hours 27 minutes Stream Tools: Stream Overview | Edit Time

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Bob Corker

3:11:04 to 3:13:04( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

3:12:48 to 3:13:04( Edit History Discussion )

Bob Corker: cost of gasoline. let's just say that they're really concerned about this part of the legislation. let's just say that they're trying to make their point about gas prices. if they're so concerned about

Lamar Alexander

3:13:04 to 3:13:25( Edit History Discussion )

Lamar Alexander: gas prices today, why don't they support, as we've tried to push on this side of the aisle, a strategy to bring down that cost or to at a minimum to provide some measure of relief to our families.

Lamar Alexander

3:13:04 to 3:32:33( Edit History Discussion )
Speech By: Lamar Alexander

Lamar Alexander

3:13:25 to 3:13:38( Edit History Discussion )

Lamar Alexander: how about a windfall profit tax, people are worried about gasoline price, why don't they -- critics of the bill support that? why don't the critics of the bill if they're so worried about families an

Lamar Alexander

3:13:38 to 3:13:55( Edit History Discussion )

Lamar Alexander: gas prices, not only support a windfall profits tax, but support measure that's we have introduced already and hope we can have a vote on this to focus on excessive speculation that's in the market

Lamar Alexander

3:13:55 to 3:14:10( Edit History Discussion )

Lamar Alexander: right now. so there's a lot we can do right now to bring down the cost of gasoline or at least try, but it seems that the other side of the aisle wants to talk about bringing gas prices down and don't

Lamar Alexander

3:14:10 to 3:14:28( Edit History Discussion )

Lamar Alexander: want to do it. and i think that this climate security act is one way not only to deal with our energy challenges but to do our best to protect god's creation, to enhance our national security, and

Lamar Alexander

3:14:28 to 3:14:42( Edit History Discussion )

Lamar Alexander: to create lots and lots of jobs for our families and for our future. mr. president, i yield the floor. the presiding officer: who yields time? a senator: i yield to the senator from tennessee up to five

Lamar Alexander

3:14:42 to 3:14:57( Edit History Discussion )

Lamar Alexander: minutes to rebut the senator from pennsylvania. mr. corker: i will only take a moment. the presiding officer: the senator from tennessee. mr. corker: i wanted to say i enjoy so much working with the senator

Lamar Alexander

3:14:57 to 3:15:13( Edit History Discussion )

Lamar Alexander: from pennsylvania. we came in at the same time. i appreciate the points that he made. i actually would like to more fully address the comments made by the bill manager, the senator from california

Lamar Alexander

3:15:13 to 3:15:27( Edit History Discussion )

Lamar Alexander: -- manager, the senator from california, and say i don't see any crocodile tears coming from this desk. the fact is that we will be offering of mingful amendment that's -- offer meaningful amendments.

Lamar Alexander

3:15:27 to 3:15:47( Edit History Discussion )

Lamar Alexander: i know that the senator from tennessee has been in the forefront of this issue for some time. i th.ink that all of us realize while gasoline prices have increased no doubt over the last seven years

Lamar Alexander

3:15:47 to 3:16:05( Edit History Discussion )

Lamar Alexander: that no doubt thishi bill will cause gasoline prices to continue to increase. i think there was a big discussion about what we do with the revenues generated by this bill. i think that's a legitimate

Lamar Alexander

3:16:05 to 3:16:23( Edit History Discussion )

Lamar Alexander: argument. i think we all realize that there is a tremendous transpersons of wealth -- transfer of wealth that takes place in this bill and all we want to do is cause this bill tos be more pure and at the

Lamar Alexander

3:16:23 to 3:16:41( Edit History Discussion )

Lamar Alexander: same time try to link it toward energy security. so i'm looking forward to the amendment process. i thank the senator from virginia for adding so much touc the tone of the debate that we're having

Lamar Alexander

3:16:41 to 3:17:01( Edit History Discussion )

Lamar Alexander: here. ane.d i yield backld my time to the senator from tennessee for not only rebutle, but for his comments about the bill itself. a senator: mr. president? the presiding officer: the senator from

Lamar Alexander

3:17:01 to 3:17:19( Edit History Discussion )

Lamar Alexander: tennessee. mr. alexander: i believe on the he regular order that leaves me with a couple of minutes plus 20 minutes, correct? the presiding officer: the senator has three minutes of rebutle and

Lamar Alexander

3:17:19 to 3:17:33( Edit History Discussion )

Lamar Alexander: then 20 minutes. mr. alexander: will the chair let me know when three minutes remains in my time. the presiding officer: the senator will be notified. mr. alexander: mr. president, this is an important

Lamar Alexander

3:17:33 to 3:17:49( Edit History Discussion )

Lamar Alexander: day in the united states senate.~ because we're debating aopb important issue. it's one the country case about and should care about. it is a one to which a great many number of senators on both sides

Lamar Alexander

3:17:49 to 3:18:03( Edit History Discussion )

Lamar Alexander: of the aisle discussed. i want to congratulate senator warner and senator lieberman for their leadership. the chairman of the committee is here. she worked diligently on this and made it a priority. we're

Lamar Alexander

3:18:03 to 3:18:18( Edit History Discussion )

Lamar Alexander: doing what the senate ought to do. what the american people don't like is when they see us engaged in petty, what i like to call playpen politics, when we start trying to see who can stick fingers in each

Lamar Alexander

3:18:18 to 3:18:35( Edit History Discussion )

Lamar Alexander: other's eyes. what they do like to see us do is have principled, vigorous debates about important issues that have to do with the future of our country. and how we deal k climate change is surely

Lamar Alexander

3:18:35 to 3:18:45( Edit History Discussion )

Lamar Alexander: one of those issues. and that is the way we're approaching this. we voted to move to proceed by a large margin, democrats and republicans, both to say this is important enough to put on the floor. the majority

Lamar Alexander

3:18:45 to 3:19:04( Edit History Discussion )

Lamar Alexander: leader apparently is giving us a significant amount of time to debate this, as we say in tennessee, to air out the issues. and that's surely what we ought to do. we began this morning in a bipartisan

Lamar Alexander

3:19:04 to 3:19:18( Edit History Discussion )

Lamar Alexander: breakfast. senator lieberman and i are the hosts along with some others of a bipartisan breakfast on tuesday mornings. the presiding officer often attends those meetings as well. and the purpose of

Lamar Alexander

3:19:18 to 3:19:37( Edit History Discussion )

Lamar Alexander: that was for democrats and republicans to sit around the table in a room with no staff, no media, and discuss issues about which we don't agree in hopes we can find a way to deal with it. so this

Lamar Alexander

3:19:37 to 3:19:52( Edit History Discussion )

Lamar Alexander: is an important day in the united states senate. we're doing exactly what we ought to be doing on an issue of importance to the american, to the american people. and the lieberman-warner bill is the basis

Lamar Alexander

3:19:52 to 3:20:12( Edit History Discussion )

Lamar Alexander: for this discussion. now, we're going to be hearing this week a lot of criticisms of the lieberman-warner bill, and i'm going to make some of them myself. but that is not to criticize the effort,

Lamar Alexander

3:20:12 to 3:20:26( Edit History Discussion )

Lamar Alexander: because we have to start somewhere. and these are two of our most distinguished members. it's gone through the committee and it's now on the floor. but we'd be derelict if we didn't say let's deal

Lamar Alexander

3:20:26 to 3:20:42( Edit History Discussion )

Lamar Alexander: with climate change in the correct way. so what i'd thraoeubg do in the time -- like to do in the time i have rage is to talk -- remaining is to talk about three things i see wrong with this bill,

Lamar Alexander

3:20:42 to 3:20:59( Edit History Discussion )

Lamar Alexander: number one. number two, suggest a better way to deal with the climate change issue. and, number three, to suggest what i believe is the best way to deal with the entire range of issues that are presenting

Lamar Alexander

3:20:59 to 3:21:20( Edit History Discussion )

Lamar Alexander: us, which i believe are much larger than climate change. in other words, and i'll jump to the end of my remarks at the beginning by simply saying i believe that climate change is a real issue that,

Lamar Alexander

3:21:20 to 3:21:37( Edit History Discussion )

Lamar Alexander: humans are contributor to a climate change, and we must deal with it. but i also believe an unusual demand for energy in the united states and the world is a real issue. in our region, where the tennessee

Lamar Alexander

3:21:37 to 3:21:55( Edit History Discussion )

Lamar Alexander: valley authority produces about -- the presiding officer: the senator's time has expired. mr. alexander: i thank the chair. in our region, where then, tennessee vall ey authority produces about 3% of all

Lamar Alexander

3:21:55 to 3:22:14( Edit History Discussion )

Lamar Alexander: the electricity in t he country, the estimates are that we need 700 new megawatts of power in the next year. that's a coal plant and a half. that means 30 new coal plants around the country, or

Lamar Alexander

3:22:14 to 3:22:30( Edit History Discussion )

Lamar Alexander: 40 just to meet that of the rest of the countries like t.v.a. that's a real issue as well. our oversupply -- over reliance on oil from other countries is a huge issue for us. we don't like being in the

Lamar Alexander

3:22:30 to 3:22:44( Edit History Discussion )

Lamar Alexander: pocket of people who, some of whom are trying to kill us, who are selling oil. we want to be more independent than that in the world. and it affects almost every aspect of our national security. it's

Lamar Alexander

3:22:44 to 3:23:01( Edit History Discussion )

Lamar Alexander: costing us 500 american dollars a year. overdependence on oil is driving down the value of the dollar. that's a major -- thatack of independence in our supply is a major issue. clean air is an

Lamar Alexander

3:23:01 to 3:23:16( Edit History Discussion )

Lamar Alexander: issue. carbon is not the only pollutant in the air that i'm concerned about, coming from tennessee, ne nor would itou be from the senator from california c either. we have a real concern about sulfur and

Lamar Alexander

3:23:16 to 3:23:35( Edit History Discussion )

Lamar Alexander: nitrogen and mercury. and i have since i've been in the senate, first with senator carper supported legislation in a bipartisan way to stiffen requirements on mercury, nitrogen and sulfur as well

Lamar Alexander

3:23:35 to 3:23:48( Edit History Discussion )

Lamar Alexander: as begin to cap power plant emissions for carbon. so that's a little different perspective as well than just saying carbon is a problem, that's the only problem. so there are a range of problems we need

Lamar Alexander

3:23:48 to 3:24:06( Edit History Discussion )

Lamar Alexander: to deal with. and my preferences, i will say in my remarks, is that we should have a new manhattan project for clean eney independence. that is the real way to deal with high gas prices, high electric

Lamar Alexander

3:24:06 to 3:24:27( Edit History Discussion )

Lamar Alexander: prices, climate change, clean air, and the national security implications of too much dependence on foreign oil. but let me go back to the beginning andbe start with some problems with this bill. what's

Lamar Alexander

3:24:27 to 3:24:53( Edit History Discussion )

Lamar Alexander: wrong with warner-lieberman? the first thing wrong is that the warner-lieberman bill, according to the environmental protection agency analysis, would increase the tax on gasoline per gallon by 53% -- 53 cents

Lamar Alexander

3:24:53 to 3:25:07( Edit History Discussion )

Lamar Alexander: by the year 2030, and another 90 cents or so after that. a 53-cent per gallon gas tax increase according to the environmental protection agency. that's not the republican policy group speaking. that's

Lamar Alexander

3:25:07 to 3:25:22( Edit History Discussion )

Lamar Alexander: the environmental protection agency. and, mr. president, i proposed when the opportunity comes to offer an amendment to strike from the bill the provisions that put a 53-cent gas tax increase on the

Lamar Alexander

3:25:22 to 3:25:41( Edit History Discussion )

Lamar Alexander: american people at this time. that's the first thing wrong with the bill. the second thing wrong with the bill is that the environmental protection agency says that 53-cent gas tax increase may hurt the

Lamar Alexander

3:25:41 to 3:25:56( Edit History Discussion )

Lamar Alexander: pocketbook of the american consumer, but it won't reduce the carbon. it's not enough -- it's not enough to cause people to drive much less, and it's an ineffective way to do what the sponsors of the

Lamar Alexander

3:25:56 to 3:26:09( Edit History Discussion )

Lamar Alexander: bill want to do. so, we would have the worst of both worlds. we'd be increasing the gas tax by 53 cents, and we wouldn't be doing what we aim to a do, which is to reduce carbon with that effort.

Lamar Alexander

3:26:09 to 3:26:22( Edit History Discussion )

Lamar Alexander: and the third thing wrong with the bill is it creates, over the next ten years -- and these are according to c.b.o. analyses. no one disputes this, i don't think. what i would call $1 trillion

Lamar Alexander

3:26:22 to 3:26:35( Edit History Discussion )

Lamar Alexander: slush fund. it would collect money in the form of a cap-and-trade system on the entire economy of the united states and bring it tori washington, d.c., where members of congress would, over the

Lamar Alexander

3:26:35 to 3:26:48( Edit History Discussion )

Lamar Alexander: next 40 years, have created about 42 mandatory entitlement spending programs for that money. nothing is more dangerous in washington, d.c. than a $1 trillion trust fund with a group of congressmen with

Lamar Alexander

3:26:48 to 3:27:00( Edit History Discussion )

Lamar Alexander: an idea about how to spend it. and my cure for that -- and i think there'll be amendments to this effect -- is that to the extent there is any money brought into washington as a result of a cap-and-trade

Lamar Alexander

3:27:00 to 3:27:14( Edit History Discussion )

Lamar Alexander: auction, whether it's just on power plants or the whole economy, that that money ought to be returned directly to the taxpayers, especially the working people who will be having to pay for the

Lamar Alexander

3:27:14 to 3:27:54( Edit History Discussion )

Lamar Alexander: higher electric rates or the higher gas prices. so, those are -- those are three problems i have with the bill. the 53-cent per gallon gas tax increase, number one. that's what the e.p.a. says. i don't

Lamar Alexander

3:28:14 to 3:28:29( Edit History Discussion )

Lamar Alexander: think anyone doubts that. number two, it doesn't work because the e.p.a. also says, and so does other testimony before the committee, of which senator boxer is chairman, hasas indicated that an economy-wide

Lamar Alexander

3:28:29 to 3:28:49( Edit History Discussion )

Lamar Alexander: cap on fuel is not an effective way to reduce the amount of carbon produced, at least in the early years. and the third is the $1 trillion slush fund for congressmen and women to come up with their own great

Lamar Alexander

3:28:49 to 3:29:03( Edit History Discussion )

Lamar Alexander: idea. uncle sam's got an idea about creating a bonfire in the backyard and recapturing the carbon, let's put $500 for that and make an earmark for that and spend it on that for 40 years. i can't think

Lamar Alexander

3:29:03 to 3:29:21( Edit History Discussion )

Lamar Alexander: of a worse way to spend money. it is well-intentioned. but the bill as it has grown has become in effect, with all respect, a well-intentioned contraption and it creates boards and czars andnd commissioners,

Lamar Alexander

3:29:21 to 3:29:37( Edit History Discussion )

Lamar Alexander: and it's too complicated. it is too expensive. it has the potential for too many surprises. it overestimates what we in the united states congress have the wisdom to do in writing legislation about an economy

Lamar Alexander

3:29:37 to 3:29:57( Edit History Discussion )

Lamar Alexander: that is, that produces 30% of all the wealth in the world every year and uses5% of the energy. this is a very complex free market economy that we have here, and we have to be very careful about

Lamar Alexander

3:29:57 to 3:30:10( Edit History Discussion )

Lamar Alexander: how we affect it. having said that, would there be a better way to deal with climate change? the answer, mr. president, is i believe so, and i'd like to say briefly what i think that is. i believe

Lamar Alexander

3:30:10 to 3:30:24( Edit History Discussion )

Lamar Alexander: it would be to put a cap-and-trade system on power plants alone. that's 40% of the carbon produced in the american economy. and a low carbon fuel standard on fuel. a low carbon fuel standard being,

Lamar Alexander

3:30:24 to 3:30:42( Edit History Discussion )

Lamar Alexander: very simply, the idea that beginning in the year 2023, which is already in this proposed legislation, it would control the amount of carbon that fuel inn cars and trucks kproe dues, and that --

Lamar Alexander

3:30:42 to 3:30:54( Edit History Discussion )

Lamar Alexander: could produce. and that's it. in other words, instead of putting cap-and-trade on the whole country, only on power plants; nothing else, and use a different approach f fuel. why would cap-and-trade

Lamar Alexander

3:30:54 to 3:31:26( Edit History Discussion )

Lamar Alexander: work for power plants? well, we have a lot of experience for cap-and-trade for power plants. cap-and-trade is simply a system of saying limits on the amount of carbon thabot come out of the smoke stacks at power

Lamar Alexander

3:31:26 to 3:31:43( Edit History Discussion )

Lamar Alexander: plant -- if it's a coal plant, or whatever kind of plant it might be. we have experience with measuring that. we actually have measurements for sulfur, nitrogen, now mercury. we could do it for carbon. we

Lamar Alexander

3:31:43 to 3:31:58( Edit History Discussion )

Lamar Alexander: could select effective enforcement dates that had some realistic relationship to the development of technology. for example, the technology to recapture the carbon that comes out of coal plants.

Lamar Alexander

3:31:58 to 3:32:18( Edit History Discussion )

Lamar Alexander: and in doing so, i believe that could be an effective way to begin to control the amount of carbon that's produced by the method of doing that in the united states produces 40% the power plants. would

Lamar Alexander

3:32:18 to 3:32:33( Edit History Discussion )

Lamar Alexander: it add to the cost of electricity? yes, it would. and what would we do with the credits that were auctioned if there were a cap-and-trade system? we would give the money back not through a lot of programs,

Barbara Boxer

3:32:33 to 3:32:50( Edit History Discussion )

Barbara Boxer: not to the state government, not to pet projects. we'd give it straight back to the people who pay electric rates, because the working people who do that would be the one who would have those higher rates.

Barbara Boxer

3:32:33 to 3:35:47( Edit History Discussion )
Speech By: Barbara Boxer

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