Dan Burton: “Because the inflation rate got out of control, and Mr. Volcker thought he had to do that to choke off inflation, and…”

I just want to follow up the train of thought that you have. These taxes that they want to put on Big Oil, if there are excessive profits made and there is collusion or something like that, if there is criminal behavior, obviously…

America is a can-do Nation and we need a can-do Congress. And right now, the Congress, and both the House and the Senate, which is controlled by the other party, they have a we-can't-do, we can't do this, we can't do that. As a result…

That is what is taking place already. There is a spike in inflation already, and people are starting to feel it. When you go to the supermarket and you buy a pound of something that you used to pay for a pound, now they're putting the same…

And when we start having inflation like that, the cost of doing business, the cost of buying products, everything goes up, goes right out the window. Now they're talking about putting trillions of dollars back into this economy, and it's…