[Congressional Record (Bound Edition), Volume 154 (2008), Part 3]
[House]
[Page 3199]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1030
   PRESIDENT SEVERELY OUT OF TOUCH WITH CONCERNS OF RISING OIL PRICES

  (Mr. CARDOZA asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CARDOZA. Mr. Speaker, it is clear that President Bush is out of 
touch with today's consumer. First, he refused to accept that the 
economy was heading in a downturn. Now, it takes a reporter's question 
for him to realize that gas prices in this country will soon reach $4 a 
gallon at the pump. Despite being reported in newspapers around the 
Nation, President Bush has told reporters last week that he didn't 
realize that $4 gas was possible. The President's energy record leaves 
a great deal to be desired. Since he took office, gas prices have 
doubled, and home heating costs have tripled.
  While President Bush remains out of touch, House Democrats acted last 
week to ease some of that burden. We passed legislation that repeals 
unnecessary tax subsidies to big oil companies, which reported record 
profits last year and last month. Instead, the subsidies will go 
towards tax incentives for clean, renewable energy.
  Mr. Speaker, President Bush should recognize that his energy policy 
has failed the American people, and that he should join us in 
supporting legislation that will reduce our dependence on foreign oil.

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