Senate Proceeding on Jun 11th, 2009 :: 0:32:40 to 0:40:15
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0:32:21 to 0:32:41( Edit History Discussion )

John Barrasso: quorum call: a senator: madam president? the presiding officer: senator from a senator: madam president, prepared to pass the presiding officer: the senate is in a quorum call. mr. barrasso: i ask unanimou consent the call of the quorum be suspended. i ask unanimous consent the call of the quorum be suspended. the presiding officer: whout

0:32:40 to 0:40:15( Edit History Discussion )
Speech By: John Barrasso

0:32:42 to 0:33:03( Edit History Discussion )

John Barrasso: objection, so ordered. mr. barrasso: the house of representatives is prepared to pass the energy tax, the american clean energy and security act. the act, therefore; known as american clean energy and security act -- acs. that is the right thing to call this bill because it gambles, it gambles with the future of the

0:33:04 to 0:33:25( Edit History Discussion )

John Barrasso: american people. in blackjack, the dealer might have an ace that's showing but one card in the dealer's hand is always hidden. in this case, the hidden card is the card that shows the real costs of this bill to the american taxpayer. what the taxpayer doesn't know

0:33:26 to 0:33:46( Edit History Discussion )

John Barrasso: is that theame is rigged. the taxpayer is going to lose no matter how many times the majority adds to this hand another give away to special interests, another tax break to offset the monumental costs of this bl, the end will be just

0:33:47 to 0:34:07( Edit History Discussion )

John Barrasso: the same: and washington will win. aces is the property of a supermajority that the democrats have in the house of representatives. given the rules and procedures of the house of representatives, reasonable amendments are going to be defeated or even blocked from ever being considered. the final product will not be a real starting point to begin

0:34:08 to 0:34:28( Edit History Discussion )

John Barrasso: this debate on climate change. aces is going to have a devastate the effect on our economy. and we will see there will be no environmental benefit if doing this bill. none. now, that's not just my belief. it's not my assessment alone. it is also the belief of the

0:34:29 to 0:34:50( Edit History Discussion )

John Barrasso: others. martin feldstein, noted harvard economist, recent "washington post" editorial, an article, "aces will have a trivially small effect on global and imposing substantial costs

0:34:51 to 0:35:12( Edit History Discussion )

John Barrasso: on all american households." how bigger the costs? well, he cites the congressional budget office that estimated the rutting increase in consumer prices needed 15% reduction in carbon dioxide, less than the target of this bill would raise the cost of

0:35:13 to 0:35:33( Edit History Discussion )

John Barrasso: living 1,600 a year, every year, for every family in america. that's a $1,600 tax on every american family every year. the heritage foundation predicts the "aces" approach could cost

0:35:34 to 0:35:56( Edit History Discussion )

John Barrasso: the economy $9.6 trillion and more than a million lost jobs into the future. these are just the raw numbers. the real potential for economic pain goes much further. david solker could be a bonanza for more wall

0:35:57 to 0:36:17( Edit History Discussion )

John Barrasso: street corruption and more wall street greed. "aces" will deal in investment banks, it will deal in hedge funds and deal in other speculator whose want to speculate in the cap and trade market. he points out "if you like what credit default swaps did to our

0:36:18 to 0:36:40( Edit History Discussion )

John Barrasso: economy you will love cap and trade," and the house bill allows for credit default swaps. he is not even alone. british scientists james lebercoc a noted chemist and environmentalist stated in january carbon trading with its huge government subsidies is just what the finance industry waed.

0:36:41 to 0:37:02( Edit History Discussion )

John Barrasso: he went on to say "it will make a lot of money for people in the financial industry and it will postpone the moment of reckoning." carbon marks can always cause huge fluctuations. we can look to europe as an example of what we saw happen. in february of this year the financial times wrote an article entitled "fall in carbon dioxide

0:37:03 to 0:37:24( Edit History Discussion )

John Barrasso: price a risk to green investment." it seems the price of carbon in the european union fell so low that it's no longer even providing an incentive to lower the use of carbon. so those are things happening not just for this country but around the world. another problem is the huge economic gamble that "aces"

0:37:25 to 0:37:46( Edit History Discussion )

John Barrasso: makes by bypassing cheap are low-carbon fuels by relying on unreliable expensive energy. this mandates by 2020 the electric utilities meet 20% of their electricity demand through renewable energy sources and energy efficiency. well, this is the wrong approa.

0:37:47 to 0:38:09( Edit History Discussion )

John Barrasso: we need an "all of the above" strategy to accuracy our energy needs and make america's energy as clean as we can, as fast as we can, without raising energy prices for american families. that's how you create and that's how you then sustain economic development. so i'd say, let's develop all of

0:38:10 to 0:38:32( Edit History Discussion )

John Barrasso: our energy sources -- wind, solar, geothermal, hydro, clean coal, natural gas, nuclear -- all energy sources. our nation is so blessed with abundant energy resource, they are here for us use in a clean and environmentally friendly way. co america. it's what's keeping our energy

0:38:33 to 0:38:53( Edit History Discussion )

John Barrasso: today afford an. uranium is abundant, too. let's develop that, and develop all renewable ergies, wind, solar, hydropower, we need it all. as lisa jackson, the director of the environmental protection

0:38:54 to 0:39:14( Edit History Discussion )

John Barrasso: agency s state of wyoming: "as a home of wind, coal, and natural gas, wyoming is at the heart of america's energy future." that's because wyoming has it all. it has the cool, wind, natural gas and uranium. it has it all and we need it

0:39:15 to 0:39:35( Edit History Discussion )

John Barrasso: all. the bottom line, madam president, is the democrats cap jobs and raises energy prices. i don't understand can we can't make america's energy as clean as we can as fast without raising energy prices on american families. the administration wants to take

0:39:36 to 0:39:57( Edit History Discussion )

John Barrasso: a different approach. why are the american people being given this stacked deck? where all of the options hurt the economy, raise energy prices, and cost jobs. the president says we need green jobs. i agree. we also need red, white and blue jobs: american energy, american energy sources.

0:39:58 to 0:40:15( Edit History Discussion )

John Barrasso: the reality energy tax -- this partisan en house a bad bet for all of us. we shouldn't double down with anymore taxpayer money to bail out the climate through an energy tax. thank you, madam president. i yield the floor. i suggest the absence of a quorum.