everyone is talking about gas prices. This morning President Bush presented the Nation with, he said, a ``plan to lower gas prices.'' A little over a year ago on June 6, 2005, energy was $2.09. I use that date because that was the date that the President of the United States signed his energy bill that he hailed would be a great improvement for energy and energy prices here in America. $2.09. Today in Chicago it stands on average a little over $3 in the Chicago area. Over a little less than a year ago when the President signed his energy bill, the one that this Congress delivered to him, energy was $2.09 a gallon. Today in Chicago gas is $3.32 a gallon. In the year in which we debated the energy bill, the oil and gas interests spent $86 million lobbying this Congress and got $14.5 billion in taxpayer subsidies. They spent $86 million lobbying the House of the American people, and they got a $14.5 billion gift. You cannot get that type of return on Wall Street. That was about a 10 percent return. You cannot get a return like that on any other investment where you give $86 million to influence the people's House and get $14.5 billion of hard-earned taxpayer money, and energy is trading at $75 a barrel. I understand if you want to help the oil and gas companies at $17 a barrel, $25 a barrel to help them drill for energy.…
Share
More from Rep. Rahm Emanuel
let me just say to the simplification of the student loan form--actually, it happened to be my first bill--which is to take the 106 questions, 8 pages long, down to commonsense English, cut it in half, and the good news is that, in fact…
in 1993, when professional baseball owners were deciding how to rehabilitate the reputation of baseball after the players' strike, they debated whether to enact a wild-card rule to allow the second place team into the playoffs. Only one…
In 7 years, the President has been awfully reluctant to use his veto pen. But when it comes to important health care legislation, this President hasn't hesitated to say ``no'' to the American people. Stem cell research, which could cure…
About a week ago, this Congress passed the most comprehensive update of the GI Bill of Rights for both Active Duty, Guard and Reserve soldiers. We follow up that legislation with what we are doing today to also update our laws as relates…





