On the recordMarch 8, 2011
Madam President, I rise to focus on another grave threat to our economic recovery and jobs: skyrocketing energy prices, and particularly the price of gasoline at the pump. Madam President, I don't have to point out to Americans all over the country, and Louisianans all over my State, because they see it in front of them every time they go get a new tank of gas, the ever- increasing energy prices, the ever-increasing prices at the pump. Right now, on average, nationwide, the price at the pump is $3.51 a gallon. That is about 80 cents higher than the average price a year ago. Most Americans know it is not stopping there. They see $4 gasoline coming sooner rather than later, and who knows how far it will go beyond $4 at the pump? This is a real threat. We are trying to come out of the worst recession since the Great Depression and this is an immediate threat to put the brakes on any recovery we may be mounting, and it is surely a real threat and a real hit to Louisiana and American families. It is a direct hit to their pocketbooks. Louisianans, like all Americans, hear talking heads on TV, national economists, saying we don't have any real inflation. Listen, they are hit every time they go to the pump. They know there is inflation in key prices such as gasoline, and that is a big hit to their family budget. This has sparked somewhat of a breakthrough in thinking among the ranks of the Obama administration. Let me explain what I mean by that.…





