Senate Proceeding on Jun 4th, 2008 :: 1:30:46 to 1:50:46
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1:04:10 to 1:30:46( Edit History Discussion )
Speech By: Thomas Carper

1:30:38 to 1:30:46( Edit History Discussion )

Thomas Carper: the margins, but we will still depend on fossil fuel for most of our energy cost, particularlyrl the transtaition costs. on oil -- transportation costs. on oil demand, the nrcd predicts that the

1:30:42 to 1:30:54( Edit History Discussion )

to work for. overov the recess as part of the six-city tour in missouri, i mentioned earlier, i visited the ford assembly plant in kansas city, where they make the hybrid s.u.v. kansas city is a leader

1:30:46 to 1:30:55( Edit History Discussion )

fleet efficiency for cars an light trucks will go up to 52 miles per hour. congress just finished raising cafe standards to 35 miles per hour. and now the nrdc say no problem, we'll move it up to

1:30:54 to 1:31:05( Edit History Discussion )

in hybrids andid battery technology. we have the ford hybrid s.u.v. plant, a g.m. plant assembling hybrid sedans an s.u.v.'s and we're an international leader in all kinds of battery technology. starting

1:30:55 to 1:31:07( Edit History Discussion )

52 miles per hour. 52 miles per hour would mean that we would have a fleet of golf carts hauling our produce. i wonder how manyho golf cfarts it would take a farmer to deliver the hay to cattle in the

1:31:05 to 1:31:16( Edit History Discussion )

Christopher S. Bond: with the -- from the original lead battery to lithium batters to lithium ion balanceal brattrys. all of this will help. but ford is only making 20,000 ,0 of these cars a year. they don't have enough

1:31:05 to 1:44:19( Edit History Discussion )
Speech By: Christopher S. Bond

1:31:07 to 1:31:22( Edit History Discussion )

Christopher S. Bond: feel. how many golf carts to pull a wagon full of corn? how many golf carts to take a large family to school to see family? a fleet o f golf carts is a -- a wonderful thing. the nrdc say that'ss we'll

1:31:16 to 1:31:31( Edit History Discussion )

Christopher S. Bond: batterys to meet the leads. i want to expand the use of advanced battery technology. i believe we need to jump-start it. mr. president , could i ask for another two minutes? i ask unanimous consent.

1:31:22 to 1:31:36( Edit History Discussion )

Christopher S. Bond: get 52 miles per p hour per gallon by moving to hybrid and plug-in vehicles. hi i'm a big fan of the potential of hybrid cars using advanced vehicle technology. these are the te hings that we ought

1:31:31 to 1:31:44( Edit History Discussion )

Christopher S. Bond: the presiding officer: if it comes out of the republican time. mr. bond: i ask my colleague -- how much time is remaining on the republican side? the presiding officer: 17 minutes. mr. bond: i might ask my

1:31:36 to 1:31:48( Edit History Discussion )

Christopher S. Bond: to work for. overov the recess as part of the six-city tour in missouri, i mentioned earlier, i visited the ford assembly plant in kansas city, where they make the hybrid s.u.v. kansas city is a leader

1:31:44 to 1:32:01( Edit History Discussion )

Christopher S. Bond: colleague how much time he needs. vit i mr. vitter: i need about eightut minutes. mr. bond: i ask for two t additionalad minutes. the pres iding officer: withoutr: objectio n. mr. bond: if we can

1:31:48 to 1:31:59( Edit History Discussion )

Christopher S. Bond: in hybrids andid battery technology. we have the ford hybrid s.u.v. plant, a g.m. plant assembling hybrid sedans an s.u.v.'s and we're an international leader in all kinds of battery technology. starting

1:31:59 to 1:32:10( Edit History Discussion )

Christopher S. Bond: with the -- from the original lead battery to lithium batters to lithium ion balanceal brattrys. all of this will help. but ford is only making 20,000 ,0 of these cars a year. they don't have enough

1:32:01 to 1:32:14( Edit History Discussion )

Christopher S. Bond: get manufactur ing supply for battery to get the volume up and the prices down, thatt would be good. we're all depending on a japan manufacturing. we need to manufactueere this in the united states

1:32:10 to 1:32:25( Edit History Discussion )

Christopher S. Bond: batterys to meet the leads. i want to expand the use of advanced battery technology. i believe we need to jump-start it. mr. president , could i ask for another two minutes? i ask unanimous consent.

1:32:14 to 1:32:24( Edit History Discussion )

Christopher S. Bond: and not be dependent solely on an external source, we w could expand the use of clean cars and expand the number of blue collar manufacturing jobs, good for environment and good for workers. but i do not that

1:32:24 to 1:32:39( Edit History Discussion )

Christopher S. Bond: i we can rely on the idea that we willl achieve 100% eye bid and plug-in use during the bill. the nrdc study assumes massive new production from carbon captured from power plants and used for enhanced

1:32:25 to 1:32:38( Edit History Discussion )

Christopher S. Bond: the presiding officer: if it comes out of the republican time. mr. bond: i ask my colleague -- how much time is remaining on the republican side? the presiding officer: 17 minutes. mr. bond: i might ask my

1:32:38 to 1:32:55( Edit History Discussion )

Christopher S. Bond: colleague how much time he needs. vit i mr. vitter: i need about eightut minutes. mr. bond: i ask for two t additionalad minutes. the pres iding officer: withoutr: objectio n. mr. bond: if we can

1:32:39 to 1:32:52( Edit History Discussion )

Christopher S. Bond: oil recovery. i support this too. to think that we can cut oil imports by 58% because we're expanding domestic production burned out -- from burned out wells is beyond the possible. if we set studies

1:32:52 to 1:33:07( Edit History Discussion )

Christopher S. Bond: aside by environmental groups, supporting the bill, and manufacturing groups, such as n.a.m. posing the bill, that leaves us to the mainstream agencies such ash e.p.a. they say that the gasoline prices raised

1:32:55 to 1:33:08( Edit History Discussion )

Christopher S. Bond: get manufactur ing supply for battery to get the volume up and the prices down, thatt would be good. we're all depending on a japan manufacturing. we need to manufactueere this in the united states

1:33:07 to 1:33:19( Edit History Discussion )

Christopher S. Bond: 53 cents by 2030, 2030, $1.40 by 2050. if you add thatif to the lieberman carbon surcharge, you get gas at $5.50 a gallon. i can tell the folks back home right now that there is no way that i could

1:33:08 to 1:33:18( Edit History Discussion )

Christopher S. Bond: and not be dependent solely on an external source, we w could expand the use of clean cars and expand the number of blue collar manufacturing jobs, good for environment and good for workers. but i do not that

1:33:18 to 1:33:33( Edit History Discussion )

Christopher S. Bond: i we can rely on the idea that we willl achieve 100% eye bid and plug-in use during the bill. the nrdc study assumes massive new production from carbon captured from power plants and used for enhanced

1:33:19 to 1:33:28( Edit History Discussion )

Christopher S. Bond: accept the lieberman-warner offer of dz 5dz .50 a gallon. when i tell my missouri constituents that we're on the floor debating a bill when we have $4 gasoline and the bill would significantly increase

1:33:28 to 1:33:38( Edit History Discussion )

Christopher S. Bond: energy costs rather than -- the presiding officer: the senator's time has expired. mr. bond: that would reduce the price of oil. they cannot believe it. we're on the wrong track. need to cut carbon.

1:33:33 to 1:33:46( Edit History Discussion )

Christopher S. Bond: oil recovery. i support this too. to think that we can cut oil imports by 58% because we're expanding domestic production burned out -- from burned out wells is beyond the possible. if we set studies

1:33:38 to 1:33:45( Edit History Discussion )

Christopher S. Bond: we don't need to increase energy price ons the american public -- prices on the american public. i thank the chair.| a senator: mr. president? the presiding officer: the senator from louisiana. mr.

1:33:45 to 1:33:56( Edit History Discussion )

Christopher S. Bond: vitter: thank you, mr. president. i've been allotted eight minutes, and i'd ask the chair's notice when six minutes of those eight have expired. the presiding officer: the chair will so notice. mr. vitter:

1:33:46 to 1:34:01( Edit History Discussion )

Christopher S. Bond: aside by environmental groups, supporting the bill, and manufacturing groups, such as n.a.m. posing the bill, that leaves us to the mainstream agencies such ash e.p.a. they say that the gasoline prices raised

1:33:56 to 1:34:10( Edit History Discussion )

Christopher S. Bond: thank you, mr. president. mr. president, like my colleague from missouri, last week i traveled all around my home state. i had about nine town hall meetings and many other meetings of all kinds

1:34:01 to 1:34:13( Edit History Discussion )

Christopher S. Bond: 53 cents by 2030, 2030, $1.40 by 2050. if you add thatif to the lieberman carbon surcharge, you get gas at $5.50 a gallon. i can tell the folks back home right now that there is no way that i could

1:34:10 to 1:34:27( Edit History Discussion )

Christopher S. Bond: in every part of the state. in these town hall meetings, gas prices -- the price at the pump -- wasn't the first question that always came up. it was the first eight questions that always came up. in.

1:34:13 to 1:34:22( Edit History Discussion )

Christopher S. Bond: accept the lieberman-warner offer of dz 5dz .50 a gallon. when i tell my missouri constituents that we're on the floor debating a bill when we have $4 gasoline and the bill would significantly increase

1:34:22 to 1:34:32( Edit History Discussion )

Christopher S. Bond: energy costs rather than -- the presiding officer: the senator's time has expired. mr. bond: that would reduce the price of oil. they cannot believe it. we're on the wrong track. need to cut carbon.

1:34:27 to 1:34:40( Edit History Discussion )

Christopher S. Bond: fact,ac of all of the discussion i had in all of these town hall meetings put together, about two-thirds of that entire discussion that entirhae timeim was about rising gasoline prices and energy

1:34:32 to 1:34:39( Edit History Discussion )

Christopher S. Bond: we don't need to increase energy price ons the american public -- prices on the american public. i thank the chair.| a senator: mr. president? the presiding officer: the senator from louisiana. mr.

1:34:39 to 1:34:50( Edit History Discussion )

Christopher S. Bond: vitter: thank you, mr. president. i've been allotted eight minutes, and i'd ask the chair's notice when six minutes of those eight have expired. the presiding officer: the chair will so notice. mr. vitter:

1:34:40 to 1:34:54( Edit History Discussion )

Christopher S. Bond: prices. it's obviously affecting folks all acrosss the country, certainly i ncluding in my home state of louisiana. in early 2006, when this new democratic congress was sworn into office and came

1:34:50 to 1:35:04( Edit History Discussion )

Christopher S. Bond: thank you, mr. president. mr. president, like my colleague from missouri, last week i traveled all around my home state. i had about nine town hall meetings and many other meetings of all kinds

1:34:54 to 1:35:09( Edit History Discussion )

Christopher S. Bond: into power, the average price atri the pump was $2.33 a gallon. and the new leadership vowed they would do something about those sky-high prices. well, apparently they did because now the average

1:35:04 to 1:35:21( Edit History Discussion )

Christopher S. Bond: in every part of the state. in these town hall meetings, gas prices -- the price at the pump -- wasn't the first question that always came up. it was the first eight questions that always came up. in.

1:35:09 to 1:35:20( Edit History Discussion )

Christopher S. Bond: price at the pump is $3.98 a gallon, a staggering increase in a relatively short amount of time. and so, inn this context, when, americans all over our country, certainly including in louisiana,

1:35:20 to 1:35:34( Edit History Discussion )

Christopher S. Bond: are suffering from these sky-high prices that continue to rise, as they go into the summer driving season, many hoping to take family vacations, realizing that they can't this summer because of these

1:35:21 to 1:35:34( Edit History Discussion )

Christopher S. Bond: fact,ac of all of the discussion i had in all of these town hall meetings put together, about two-thirds of that entire discussion that entirhae timeim was about rising gasoline prices and energy

1:35:34 to 1:35:46( Edit History Discussion )

Christopher S. Bond: costs, i think a very reasonable q uestion to ask: what is this lieberman-warner climate change bill going to do to an already dire situation with regard to energy prices? unfortun ately, mr. president,

1:35:34 to 1:35:48( Edit History Discussion )

Christopher S. Bond: prices. it's obviously affecting folks all acrosss the country, certainly i ncluding in my home state of louisiana. in early 2006, when this new democratic congress was sworn into office and came

1:35:46 to 1:35:59( Edit History Discussion )

Christopher S. Bond: i've concluded thated it's goingt' to make that already dire situation much worse. it's goi ng to add on to gasoline prices, as my colleague from missou ri has stated. it's going to add on to electricity and

1:35:48 to 1:36:03( Edit History Discussion )

Christopher S. Bond: into power, the average price atri the pump was $2.33 a gallon. and the new leadership vowed they would do something about those sky-high prices. well, apparently they did because now the average

1:35:59 to 1:36:10( Edit History Discussion )

Christopher S. Bond: other energy prices significantly. on the jobs side, it's going to also encourageso and exacerbate a very worrisome trend t of o exporting jobs to other countries. and after all of that, it will

1:36:03 to 1:36:14( Edit History Discussion )

Christopher S. Bond: price at the pump is $3.98 a gallon, a staggering increase in a relatively short amount of time. and so, inn this context, when, americans all over our country, certainly including in louisiana,

1:36:10 to 1:36:20( Edit History Discussion )

Christopher S. Bond: do little or nothing with regard to the fundamental climate change challenge because itt mandates nothing on the part of other industrialized in powers s like china and india. mr. president, several economic

1:36:14 to 1:36:28( Edit History Discussion )

Christopher S. Bond: are suffering from these sky-high prices that continue to rise, as they go into the summer driving season, many hoping to take family vacations, realizing that they can't this summer because of these

1:36:20 to 1:36:32( Edit History Discussion )

Christopher S. Bond: studies haveie specifically examined these questions fplt let's start with theh price at the pump. the energy information administration estimates that this b ill will cause gasoline prices to increase,

1:36:28 to 1:36:40( Edit History Discussion )

Christopher S. Bond: costs, i think a very reasonable q uestion to ask: what is this lieberman-warner climate change bill going to do to an already dire situation with regard to energy prices? unfortun ately, mr. president,

1:36:32 to 1:36:43( Edit History Discussion )

Christopher S. Bond: in additionn to everythin g that's going on now, between 41 cents a gallon to $1.01 a gallon by 2030. now, again, we're facing dramatically rising prices at the pump now, and there seems to be no end in sight

1:36:40 to 1:36:53( Edit History Discussion )

Christopher S. Bond: i've concluded thated it's goingt' to make that already dire situation much worse. it's goi ng to add on to gasoline prices, as my colleague from missou ri has stated. it's going to add on to electricity and

1:36:43 to 1:36:55( Edit History Discussion )

Christopher S. Bond: in large part because we in congress have h haven't acted -- congress haven't acted in a bold manner to help ourselves at hoefplt and yet, this bill would move us even farther in the wrong direction,

1:36:53 to 1:37:04( Edit History Discussion )

Christopher S. Bond: other energy prices significantly. on the jobs side, it's going to also encourageso and exacerbate a very worrisome trend t of o exporting jobs to other countries. and after all of that, it will

1:36:55 to 1:37:07( Edit History Discussion )

Christopher S. Bond: between 41 cents and $1.01 per gallon by 2030. ac03cording to the e.i.a., the average american consumes 500 gallons of gasoline every year. the average vehiclele is driven more than 12,000 miles per

1:37:04 to 1:37:14( Edit History Discussion )

Christopher S. Bond: do little or nothing with regard to the fundamental climate change challenge because itt mandates nothing on the part of other industrialized in powers s like china and india. mr. president, several economic

1:37:07 to 1:37:19( Edit History Discussion )

Christopher S. Bond: year. and so, even now at $4 a gallon, 12-gallon gas tank costs over $50 to fill up, and we're going to increase that significantly? that's moving in the wrong direction. what about electricity, other

1:37:14 to 1:37:26( Edit History Discussion )

Christopher S. Bond: studies haveie specifically examined these questions fplt let's start with theh price at the pump. the energy information administration estimates that this b ill will cause gasoline prices to increase,

1:37:19 to 1:37:30( Edit History Discussion )

Christopher S. Bond: important sources of energy? according to the environmental ir protection agency, this bill will increase those prices, electricity prices, by 44% by 2030. again, our consumers are struggling under estnergy

1:37:26 to 1:37:37( Edit History Discussion )

Christopher S. Bond: in additionn to everythin g that's going on now, between 41 cents a gallon to $1.01 a gallon by 2030. now, again, we're facing dramatically rising prices at the pump now, and there seems to be no end in sight

1:37:30 to 1:37:41( Edit History Discussion )

Christopher S. Bond: prices right now, including electricity. winters are a tough time for folks in the northeast.th in my part of the world, summer is the time of peak electricity load, and that's a real price burden

1:37:37 to 1:37:49( Edit History Discussion )

Christopher S. Bond: in large part because we in congress have h haven't acted -- congress haven't acted in a bold manner to help ourselves at hoefplt and yet, this bill would move us even farther in the wrong direction,

1:37:41 to 1:37:51( Edit History Discussion )

Christopher S. Bond: right now. and yet, we're considering a bill that's going t to increase that, an already challenging and dire situation by 44%? and then, mr. president, what about the jobs j picture? we debate in this

1:37:49 to 1:38:01( Edit History Discussion )

Christopher S. Bond: between 41 cents and $1.01 per gallon by 2030. ac03cording to the e.i.a., the average american consumes 500 gallons of gasoline every year. the average vehiclele is driven more than 12,000 miles per

1:37:51 to 1:38:00( Edit History Discussion )

Christopher S. Bond: body all the time how we can keep and expand and grow manufacturing jobs in this country, how we can get away from the trendro of exporting those jobs overseas? and yet, this bill will only make that problem

1:38:00 to 1:38:14( Edit History Discussion )

Christopher S. Bond: worse as well. the higher energy prices caused by the bill will force u.s. manufacturers to compete unfavorably with lower-cost countries overseas. realistically, companies will move their manufacturing

1:38:01 to 1:38:13( Edit History Discussion )

Christopher S. Bond: year. and so, even now at $4 a gallon, 12-gallon gas tank costs over $50 to fill up, and we're going to increase that significantly? that's moving in the wrong direction. what about electricity, other

1:38:13 to 1:38:24( Edit History Discussion )

Christopher S. Bond: important sources of energy? according to the environmental ir protection agency, this bill will increase those prices, electricity prices, by 44% by 2030. again, our consumers are struggling under estnergy

1:38:14 to 1:38:25( Edit History Discussion )

Christopher S. Bond: base out of the united states to an even greater extent, and many american jobs will leave with them. this country has already lost 3 million manufacturing jobs since 2000. we can't afford to lose

1:38:24 to 1:38:35( Edit History Discussion )

Christopher S. Bond: prices right now, including electricity. winters are a tough time for folks in the northeast.th in my part of the world, summer is the time of peak electricity load, and that's a real price burden

1:38:25 to 1:38:38( Edit History Discussion )

Christopher S. Bond: more. but what does theoe rigorous analysis of this bill's impact show? well, the national association of manufacturers says that up to 1.8 million jobs additionally, in addition to all of those

1:38:35 to 1:38:45( Edit History Discussion )

Christopher S. Bond: right now. and yet, we're considering a bill that's going t to increase that, an already challenging and dire situation by 44%? and then, mr. president, what about the jobs j picture? we debate in this

1:38:38 to 1:38:48( Edit History Discussion )

Christopher S. Bond: figures i've already quoted, could be lost by 2020. and 4 million jobs additionally could be lost by 2030. the presiding officer: the senator has two more minutes. mr. vitter: thank you, mr. president.

1:38:45 to 1:38:54( Edit History Discussion )

Christopher S. Bond: body all the time how we can keep and expand and grow manufacturing jobs in this country, how we can get away from the trendro of exporting those jobs overseas? and yet, this bill will only make that problem

1:38:48 to 1:38:58( Edit History Discussion )

Christopher S. Bond: switching from coal tphraopbts naturalas -- coal plants to natural gas will drive jobs particularly in the fertilizer and chemical industry. the chemical industry is extremely important to my stateo

1:38:54 to 1:39:08( Edit History Discussion )

Christopher S. Bond: worse as well. the higher energy prices caused by the bill will force u.s. manufacturers to compete unfavorably with lower-cost countries overseas. realistically, companies will move their manufacturing

1:38:58 to 1:39:11( Edit History Discussion )

Christopher S. Bond: . over 100,000 chemical jobs have already been lost in the last five years due to the high price of natural gas. out of 120 new chemical plants under worldwide construction, only one is being

1:39:08 to 1:39:19( Edit History Discussion )

Christopher S. Bond: base out of the united states to an even greater extent, and many american jobs will leave with them. this country has already lost 3 million manufacturing jobs since 2000. we can't afford to lose

1:39:11 to 1:39:21( Edit History Discussion )

Christopher S. Bond: constructed here in the u.s. so like the price of gasoline, like the price of electcity, on the jobs frontbs, we have a very dire,ir challenging situation already, and this bill would make it far,

1:39:19 to 1:39:32( Edit History Discussion )

Christopher S. Bond: more. but what does theoe rigorous analysis of this bill's impact show? well, the national association of manufacturers says that up to 1.8 million jobs additionally, in addition to all of those

1:39:21 to 1:39:31( Edit History Discussion )

Christopher S. Bond: far worse. now, mr. president, the real kicker into all of this is that after all of that damage to americans, to their lifestyles, to our economy, what would this bill do in terms of climate change?

1:39:31 to 1:39:39( Edit History Discussion )

Christopher S. Bond: mr. president, i'm very concerned that it would doo little or nothing, because ofot course it mandates no action on the part of other major powers and energy consumers around the world, specifically china

1:39:32 to 1:39:42( Edit History Discussion )

Christopher S. Bond: figures i've already quoted, could be lost by 2020. and 4 million jobs additionally could be lost by 2030. the presiding officer: the senator has two more minutes. mr. vitter: thank you, mr. president.

1:39:39 to 1:39:52( Edit History Discussion )

Christopher S. Bond: and india. think about it, mr. president. as we push these jobs overseas, outt off our country, where are those jobs going? they're going to countries likees china and and india that would not be

1:39:42 to 1:39:52( Edit History Discussion )

Christopher S. Bond: switching from coal tphraopbts naturalas -- coal plants to natural gas will drive jobs particularly in the fertilizer and chemical industry. the chemical industry is extremely important to my stateo

1:39:52 to 1:40:04( Edit History Discussion )

Christopher S. Bond: taking similar action, that would be continuing to build coal-fired powered plants and use outdated technology that would contribute to the climate change problem. so, much higher gasoline prices,

1:39:52 to 1:40:05( Edit History Discussion )

Christopher S. Bond: . over 100,000 chemical jobs have already been lost in the last five years due to the high price of natural gas. out of 120 new chemical plants under worldwide construction, only one is being

1:40:04 to 1:40:16( Edit History Discussion )

Christopher S. Bond: much higher electricity and other energy prices, significant job loss. and what impact on the problem we're trying to address? in m?y opinion, little or none. mr. president, i hope alesl of our

1:40:05 to 1:40:15( Edit History Discussion )

Christopher S. Bond: constructed here in the u.s. so like the price of gasoline, like the price of electcity, on the jobs frontbs, we have a very dire,ir challenging situation already, and this bill would make it far,

1:40:15 to 1:40:25( Edit History Discussion )

Christopher S. Bond: far worse. now, mr. president, the real kicker into all of this is that after all of that damage to americans, to their lifestyles, to our economy, what would this bill do in terms of climate change?

1:40:16 to 1:40:25( Edit History Discussion )

Christopher S. Bond: colleagues on both sides of the aisle hear from the american people, hear from them about the challenges they face right now as they fill up theirp automobiles, as they try to take summer vacations,

1:40:25 to 1:40:33( Edit History Discussion )

Christopher S. Bond: mr. president, i'm very concerned that it would doo little or nothing, because ofot course it mandates no action on the part of other major powers and energy consumers around the world, specifically china

1:40:33 to 1:40:45( Edit History Discussion )

Christopher S. Bond: message, i'm confident they will vote downow this dangerous bill. thank you, mr. president. i yield back my time. mr. domenici: mr. president? the presiding officer: the senator from new mexico. mr.

1:40:33 to 1:40:46( Edit History Discussion )

Christopher S. Bond: and india. think about it, mr. president. as we push these jobs overseas, outt off our country, where are those jobs going? they're going to countries likees china and and india that would not be

1:40:45 to 1:40:54( Edit History Discussion )

Christopher S. Bond: domenici: parliamentary inquiry? is the senator from new mexico -- does the senator from new mmexico have time under the regular order? the presiding officer: there are five minutes remaining under

1:40:46 to 1:40:58( Edit History Discussion )

Christopher S. Bond: taking similar action, that would be continuing to build coal-fired powered plants and use outdated technology that would contribute to the climate change problem. so, much higher gasoline prices,

1:40:54 to 1:41:05( Edit History Discussion )

Christopher S. Bond: morning business. mr. domenici: mr. president, on monday i came to the floor and discussed the rising price of gasoline and the additional increases that will result from the boxer bill. these

1:40:58 to 1:41:10( Edit History Discussion )

Christopher S. Bond: much higher electricity and other energy prices, significant job loss. and what impact on the problem we're trying to address? in m?y opinion, little or none. mr. president, i hope alesl of our

1:41:05 to 1:41:18( Edit History Discussion )

Christopher S. Bond: are not talking points. they are facts from several economic studies done by the e.i.a., the e.p.a., and many other groups. later today i'll speak on the accomplishments that we have already had in working

1:41:10 to 1:41:19( Edit History Discussion )

Christopher S. Bond: colleagues on both sides of the aisle hear from the american people, hear from them about the challenges they face right now as they fill up theirp automobiles, as they try to take summer vacations,

1:41:18 to 1:41:29( Edit History Discussion )

Christopher S. Bond: together to advance policies that will strengthen our energy security and reduce our greenhouse gas emissions. we have none been asleep. we have done quite a bit. i will also speak about the bill before

1:41:19 to 1:41:27( Edit History Discussion )

Christopher S. Bond: as they struggle with other energy prices, as they hope to keep their jobs right here in america. the presiding officer: the senator has used eight minutes. mr. vitter: if our colleaguess hear that

1:41:27 to 1:41:39( Edit History Discussion )

Christopher S. Bond: message, i'm confident they will vote downow this dangerous bill. thank you, mr. president. i yield back my time. mr. domenici: mr. president? the presiding officer: the senator from new mexico. mr.

1:41:29 to 1:41:40( Edit History Discussion )

Christopher S. Bond: us and the many concerns i have about its effectiveness or lack thereof. right now i want to speak on the impact that this bill will have on the american economy. like many senators, i believe

1:41:39 to 1:41:48( Edit History Discussion )

Christopher S. Bond: domenici: parliamentary inquiry? is the senator from new mexico -- does the senator from new mmexico have time under the regular order? the presiding officer: there are five minutes remaining under

1:41:40 to 1:41:52( Edit History Discussion )

Christopher S. Bond: that global climate change is a great challenge and that our nation should address. i join senator bingaman in expressing that sentiment in a bipartisan senate resolution three years ago. that doesn't

1:41:48 to 1:41:59( Edit History Discussion )

Christopher S. Bond: morning business. mr. domenici: mr. president, on monday i came to the floor and discussed the rising price of gasoline and the additional increases that will result from the boxer bill. these

1:41:52 to 1:41:57( Edit History Discussion )

Christopher S. Bond: mean that anybody has produced a bill or legislation that matched up, in my opinion, with the concerns. the way we're doing it in this bill is one way. it has never worked anyplace that it has been

1:41:57 to 1:42:06( Edit History Discussion )

Christopher S. Bond: tried. i don't know why it should be expected to work in america. i have great respect for the senators who have drafted the cap-and-trade legislation, but i remain deeply concerned about the steep cost

1:41:59 to 1:42:12( Edit History Discussion )

Christopher S. Bond: are not talking points. they are facts from several economic studies done by the e.i.a., the e.p.a., and many other groups. later today i'll speak on the accomplishments that we have already had in working

1:42:06 to 1:42:22( Edit History Discussion )

Christopher S. Bond: and dire consequences that this bill will have on our nation's economy. i'm troubled that it will have very little, if any, environmental benefit. and i think those who are continuing to say this is an

1:42:12 to 1:42:23( Edit History Discussion )

Christopher S. Bond: together to advance policies that will strengthen our energy security and reduce our greenhouse gas emissions. we have none been asleep. we have done quite a bit. i will also speak about the bill before

1:42:22 to 1:42:39( Edit History Discussion )

Christopher S. Bond: absolute environmental necessity, that they will try to gather from the experts who have looked at it just how much environmental benefit will we get tpwr this bill. the e.p.a. -- get from this bill. the

1:42:23 to 1:42:34( Edit History Discussion )

Christopher S. Bond: us and the many concerns i have about its effectiveness or lack thereof. right now i want to speak on the impact that this bill will have on the american economy. like many senators, i believe

1:42:34 to 1:42:46( Edit History Discussion )

Christopher S. Bond: that global climate change is a great challenge and that our nation should address. i join senator bingaman in expressing that sentiment in a bipartisan senate resolution three years ago. that doesn't

1:42:39 to 1:42:57( Edit History Discussion )

Christopher S. Bond: e.p.a. has concluded -- the environmental protection agency -- that this bill would reduce global greenhouse gas by just over 1% by 2050. according to the ipcc's own benchmark such a reduction would

1:42:46 to 1:42:51( Edit History Discussion )

Christopher S. Bond: mean that anybody has produced a bill or legislation that matched up, in my opinion, with the concerns. the way we're doing it in this bill is one way. it has never worked anyplace that it has been

1:42:51 to 1:43:00( Edit History Discussion )

Christopher S. Bond: tried. i don't know why it should be expected to work in america. i have great respect for the senators who have drafted the cap-and-trade legislation, but i remain deeply concerned about the steep cost

1:42:57 to 1:43:11( Edit History Discussion )

Christopher S. Bond: reduce average temperatures by .1 of one degree celsius in 2050. these rates of reduction are far below the levels needed to mitigate the most serious effect of global climate change. now, again, mr.

1:43:00 to 1:43:16( Edit History Discussion )

Christopher S. Bond: and dire consequences that this bill will have on our nation's economy. i'm troubled that it will have very little, if any, environmental benefit. and i think those who are continuing to say this is an

1:43:11 to 1:43:25( Edit History Discussion )

Christopher S. Bond: president and fellow senators, i'm not up here just giving a speech on trying to give you facts. facts are the things that come from studies by experts; we have facts on this bill. and i repeat, the

1:43:16 to 1:43:33( Edit History Discussion )

Christopher S. Bond: absolute environmental necessity, that they will try to gather from the experts who have looked at it just how much environmental benefit will we get tpwr this bill. the e.p.a. -- get from this bill. the

1:43:25 to 1:43:39( Edit History Discussion )

Christopher S. Bond: rates of reduction are far below the levels needed to mitigate the most serious effects of global climate change. i'm troubled by the various studies on this bill. every one has concluded that it will

1:43:33 to 1:43:51( Edit History Discussion )

Christopher S. Bond: e.p.a. has concluded -- the environmental protection agency -- that this bill would reduce global greenhouse gas by just over 1% by 2050. according to the ipcc's own benchmark such a reduction would

1:43:39 to 1:43:52( Edit History Discussion )

Christopher S. Bond: increase energy prices, decrease economic growth, especially in a time of record energy prices and economic slowdown, our nation simply can't afford this bill. that is not just speculation or clamor.

1:43:51 to 1:44:05( Edit History Discussion )

Christopher S. Bond: reduce average temperatures by .1 of one degree celsius in 2050. these rates of reduction are far below the levels needed to mitigate the most serious effect of global climate change. now, again, mr.

1:43:52 to 1:44:06( Edit History Discussion )

Christopher S. Bond: it is a truerobability that we cannot afford it. while these studies confirm that the bill will have a negative impact on our economy, it also reveals significant uncertainty as to what that impact will

1:44:05 to 1:44:19( Edit History Discussion )

Christopher S. Bond: president and fellow senators, i'm not up here just giving a speech on trying to give you facts. facts are the things that come from studies by experts; we have facts on this bill. and i repeat, the

1:44:06 to 1:44:21( Edit History Discussion )

David Vitter: be. according to the c.r.a. international, the only group that included the low carbon fuel standard in its study, motor fuel prices would increase by more than 140% by 2015. the e.i.a. projects that the

1:44:19 to 1:44:33( Edit History Discussion )

David Vitter: rates of reduction are far below the levels needed to mitigate the most serious effects of global climate change. i'm troubled by the various studies on this bill. every one has concluded that it will

1:44:21 to 1:44:36( Edit History Discussion )

David Vitter: bill would reduce industrial activity by up to 7.4% by 2030. and the heritage foundation estimates that 600,000 jobs could be lost by 2026. another cause for concern on the economic side is the --

1:44:33 to 1:44:46( Edit History Discussion )

David Vitter: increase energy prices, decrease economic growth, especially in a time of record energy prices and economic slowdown, our nation simply can't afford this bill. that is not just speculation or clamor.

1:44:36 to 1:44:49( Edit History Discussion )

David Vitter: are the estimates of the impact on the gross domestic product. while all studies project a negative impact on g.d.p., estimates vary from a low of 444 billion, i say to my friend, the occupant of the

1:44:46 to 1:45:00( Edit History Discussion )

David Vitter: it is a truerobability that we cannot afford it. while these studies confirm that the bill will have a negative impact on our economy, it also reveals significant uncertainty as to what that impact will

1:44:49 to 1:45:00( Edit History Discussion )

David Vitter: chair to a hive $8.8 trillion. that range of $4.5 trillion is as massive as it is inconclusive. it is equivalent to $15,000 for every american. a careful review of these studies should shake everyone

1:45:00 to 1:45:15( Edit History Discussion )

David Vitter: be. according to the c.r.a. international, the only group that included the low carbon fuel standard in its study, motor fuel prices would increase by more than 140% by 2015. the e.i.a. projects that the

1:45:00 to 1:45:18( Edit History Discussion )

David Vitter: inside of this chamber. we must realize that cap-and-trade is neither our best option nor the only option for reducing greenhouse gas emissions. in fact,ac the congressional budget office director recently

1:45:15 to 1:45:30( Edit History Discussion )

David Vitter: bill would reduce industrial activity by up to 7.4% by 2030. and the heritage foundation estimates that 600,000 jobs could be lost by 2026. another cause for concern on the economic side is the --

1:45:18 to 1:45:34( Edit History Discussion )

David Vitter: testified that a rigid cap-and-trade program is up to five times less efficient than a carbon tax.~ the experience of the european union which instituted an emissions trading system should be highly

1:45:30 to 1:45:43( Edit History Discussion )

David Vitter: are the estimates of the impact on the gross domestic product. while all studies project a negative impact on g.d.p., estimates vary from a low of 444 billion, i say to my friend, the occupant of the

1:45:34 to 1:45:45( Edit History Discussion )

David Vitter: ininstructive in this debate. i ask the remainer of my -- reminder of my statement be placed in the record following these remarks. the presiding officer: without objection, so ordered. mr. domenici:

1:45:43 to 1:45:54( Edit History Discussion )

David Vitter: chair to a hive $8.8 trillion. that range of $4.5 trillion is as massive as it is inconclusive. it is equivalent to $15,000 for every american. a careful review of these studies should shake everyone

1:45:45 to 1:45:58( Edit History Discussion )

David Vitter: i yield the floor. the presiding officer: morning business is closed. there is now a period of continue minutes of debate equally divided with respect to the conference report to accompany s.con. res. 70.

1:45:54 to 1:46:12( Edit History Discussion )

David Vitter: inside of this chamber. we must realize that cap-and-trade is neither our best option nor the only option for reducing greenhouse gas emissions. in fact,ac the congressional budget office director recently

1:45:58 to 1:46:14( Edit History Discussion )

David Vitter: who yields time? the senator from north dakota. mr. conrad: mr. president, i'd , like to begin with a unanimous consent request. i have six requests for committees to meet during today's session

1:46:12 to 1:46:28( Edit History Discussion )

David Vitter: testified that a rigid cap-and-trade program is up to five times less efficient than a carbon tax.~ the experience of the european union which instituted an emissions trading system should be highly

1:46:14 to 1:46:32( Edit History Discussion )

David Vitter: of the senate with the approval of the majority and minority leaders. i i ask unanimous consent they be agreed to and the requests be printed in the record. the presiding officer: without objection,

1:46:28 to 1:46:39( Edit History Discussion )

David Vitter: ininstructive in this debate. i ask the remainer of my -- reminder of my statement be placed in the record following these remarks. the presiding officer: without objection, so ordered. mr. domenici:

1:46:32 to 1:46:44( Edit History Discussion )

David Vitter: so ordered. mr. conrad: mr. president, as we begin the debate, first i want to thank my colleague, the ranking member of the budget committee, senator gregg, for his continuing graciousness and his professionalism

1:46:39 to 1:46:52( Edit History Discussion )

David Vitter: i yield the floor. the presiding officer: morning business is closed. there is now a period of continue minutes of debate equally divided with respect to the conference report to accompany s.con. res. 70.

1:46:44 to 1:46:54( Edit History Discussion )

David Vitter: as we have sought to find a way to conclude our work on the budget for this year. i also want to thank his staff. we appreciate very muchh the relationship we have and the very constructive dialogue

1:46:52 to 1:47:08( Edit History Discussion )

David Vitter: who yields time? the senator from north dakota. mr. conrad: mr. president, i'd , like to begin with a unanimous consent request. i have six requests for committees to meet during today's session

1:46:54 to 1:47:06( Edit History Discussion )

David Vitter: between us as we've searched to find a way to bring this debate to a close. with that, mr. president, i want to describe the conference agreement in general terms. this agreement, we believe, will strengthen

1:47:06 to 1:47:19( Edit History Discussion )

David Vitter: the economy and create jobs. it will do that by investing in energy, in education and infrastructure. it will expand health coverage for our kids. it will provide tax cuts for the middle middle-class

1:47:08 to 1:47:26( Edit History Discussion )

David Vitter: of the senate with the approval of the majority and minority leaders. i i ask unanimous consent they be agreed to and the requests be printed in the record. the presiding officer: without objection,

1:47:19 to 1:47:31( Edit History Discussion )

David Vitter: and let store fiscal responsibility -- and restore fiscal responsibility. it seeks to make america safe are by supporting our troops, by providing for veterans health care, and by protecting the homeland and rejecting

1:47:26 to 1:47:38( Edit History Discussion )

David Vitter: so ordered. mr. conrad: mr. president, as we begin the debate, first i want to thank my colleague, the ranking member of the budget committee, senator gregg, for his continuing graciousness and his professionalism

1:47:31 to 1:47:39( Edit History Discussion )

David Vitter: the president's proposals for deep cuts in law enforcement, the cops program and for our first responders. the tax relief in this budget, mr. president, is significant. this conference agreement

1:47:38 to 1:47:48( Edit History Discussion )

David Vitter: as we have sought to find a way to conclude our work on the budget for this year. i also want to thank his staff. we appreciate very muchh the relationship we have and the very constructive dialogue

1:47:39 to 1:47:48( Edit History Discussion )

David Vitter: extends the middle-class tax relief, provides for marriage penalty relief, extension of the child tax credit, the 10% bracket. it also provides for alternative minimum tax relief so more than 20 million

1:47:48 to 1:47:58( Edit History Discussion )

David Vitter: people in this country don't get caught up with addition tax obligations. it provides for estate tax reform. and it allows energy and education tax cuts as incentives to reduce our dependence on phone oil and

1:47:48 to 1:48:00( Edit History Discussion )

David Vitter: between us as we've searched to find a way to bring this debate to a close. with that, mr. president, i want to describe the conference agreement in general terms. this agreement, we believe, will strengthen

1:47:58 to 1:48:10( Edit History Discussion )

David Vitter: also assistance -- for foreign oil and also assistance for families struggle to pay college costs. it also provides for significant property tax relive and, of course, for the important extenders

1:48:00 to 1:48:13( Edit History Discussion )

David Vitter: the economy and create jobs. it will do that by investing in energy, in education and infrastructure. it will expand health coverage for our kids. it will provide tax cuts for the middle middle-class

1:48:10 to 1:48:21( Edit History Discussion )

David Vitter: package. mr. president, the record under this administration has been a record of debt and deficits asef far as the eye can see. this chart shows very clearly what has happened to the debt under

1:48:13 to 1:48:25( Edit History Discussion )

David Vitter: and let store fiscal responsibility -- and restore fiscal responsibility. it seeks to make america safe are by supporting our troops, by providing for veterans health care, and by protecting the homeland and rejecting

1:48:21 to 1:48:35( Edit History Discussion )

David Vitter: this administration. this president at the end of his first year, had a debt of $5.8 trillion. we don't hold him responsible for the first year because he inherited that budget. but over the eight

1:48:25 to 1:48:33( Edit History Discussion )

David Vitter: the president's proposals for deep cuts in law enforcement, the cops program and for our first responders. the tax relief in this budget, mr. president, is significant. this conference agreement

1:48:33 to 1:48:42( Edit History Discussion )

David Vitter: extends the middle-class tax relief, provides for marriage penalty relief, extension of the child tax credit, the 10% bracket. it also provides for alternative minimum tax relief so more than 20 million

1:48:35 to 1:48:42( Edit History Discussion )

David Vitter: years he's responsible for, the debt will have gone from $5.8 trillion to $10.4 trillion, almost a doubling of the debt in this country. and this president's fiscal failures are manifest. it is written

1:48:42 to 1:48:52( Edit History Discussion )

David Vitter: people in this country don't get caught up with addition tax obligations. it provides for estate tax reform. and it allows energy and education tax cuts as incentives to reduce our dependence on phone oil and

1:48:42 to 1:49:11( Edit History Discussion )

David Vitter: across the pages of the economic history of this country. this budget seeks to take the country in a different direction. under this budget, we reduce the debt as a share of the gross domestic product each

1:48:52 to 1:49:04( Edit History Discussion )

David Vitter: also assistance -- for foreign oil and also assistance for families struggle to pay college costs. it also provides for significant property tax relive and, of course, for the important extenders

1:49:04 to 1:49:15( Edit History Discussion )

David Vitter: package. mr. president, the record under this administration has been a record of debt and deficits asef far as the eye can see. this chart shows very clearly what has happened to the debt under

1:49:11 to 1:49:39( Edit History Discussion )

David Vitter: and every year from 69.3% of g.d.p. to 65.6% by the end of the fifth year. the same is true of the deficit picture under this budget. i am proud to report that we balance the books by the fourth year

1:49:15 to 1:49:29( Edit History Discussion )

David Vitter: this administration. this president at the end of his first year, had a debt of $5.8 trillion. we don't hold him responsible for the first year because he inherited that budget. but over the eight

1:49:29 to 1:49:36( Edit History Discussion )

David Vitter: years he's responsible for, the debt will have gone from $5.8 trillion to $10.4 trillion, almost a doubling of the debt in this country. and this president's fiscal failures are manifest. it is written

1:49:36 to 1:50:05( Edit History Discussion )

David Vitter: across the pages of the economic history of this country. this budget seeks to take the country in a different direction. under this budget, we reduce the debt as a share of the gross domestic product each

1:49:39 to 1:49:51( Edit History Discussion )

David Vitter: of the budget. we maintain balance in the fifth year. and the president, while he balances in the fourth year, swings back out of balance in the fifth year. we don't believe that is a responsible course.

1:49:51 to 1:50:03( Edit History Discussion )

David Vitter: mr. president, spend. ing under this conference report goes down as a a sharere of gross domestic product each and every year from 20.8% of gross domestic product in 2009 to 19.1% of g.d.p. by 2013.

1:50:03 to 1:50:13( Edit History Discussion )

David Vitter: mr. president, we will hear a lot from the other side about spending in this budget. we'll hear claims that this takes spending through the roof. mr. president, let's just compare the spending in this

1:50:05 to 1:50:33( Edit History Discussion )

David Vitter: and every year from 69.3% of g.d.p. to 65.6% by the end of the fifth year. the same is true of the deficit picture under this budget. i am proud to report that we balance the books by the fourth year

1:50:13 to 1:50:23( Edit History Discussion )

David Vitter: conference report from what the president proposed. in this conference report, the spending is $3.07 trillion. that's if that for 2009. the president is $3.04 trillion. that is a difference of 1%. the

1:50:23 to 1:50:32( Edit History Discussion )

David Vitter: conference report, again, spending of $3.07 trillion. e president proposed $3.04 trillion, a difference of 1%. where did the difference go? it went in those areas that i have discussed: energy, education

1:50:32 to 1:50:46( Edit History Discussion )

David Vitter: and infrastructure -- all of them critical needs. mr. president, on the revenue side, the president proposed 15.2 trillion of revenue over the five years of this budget; we have $15.6 trillion of revenue.

1:50:33 to 1:50:45( Edit History Discussion )

David Vitter: of the budget. we maintain balance in the fifth year. and the president, while he balances in the fourth year, swings back out of balance in the fifth year. we don't believe that is a responsible course.

1:50:45 to 1:50:57( Edit History Discussion )

David Vitter: mr. president, spend. ing under this conference report goes down as a a sharere of gross domestic product each and every year from 20.8% of gross domestic product in 2009 to 19.1% of g.d.p. by 2013.

1:50:46 to 1:50:59( Edit History Discussion )

David Vitter: a modest difference, 2.9% difference in revenue. we believe that can be accommodated without any tax increase. there is no assumption of a tax increase in this budget. in fact, as i have identified,