Bill Delahunt: “But the reality is, my friend, that they are taking good care of the oil companies. They are providing $16.5 billion in…”

“But the reality is, my friend, that they are taking good care of the oil companies. They are providing $16.5 billion in subsidies to the oil companies that are breaking all kinds of records in terms of profits. I cited the example of ExxonMobil, but that is only one out of four or five. In one quarter, in 3 months, their net profit was $10 billion. Mr. Speaker, the truth is, and the facts are very clear, that the majority party, the Republicans in Congress, do believe in the welfare state. They are advocates of the welfare state, but it is restricted. It is restricted to a constituency, and that constituency is corporate America. Not small business America, not even midsized business, but the very largest corporations, whether they be pharmaceutical companies that they have given more than $100 billion worth of taxpayers' money in subsidies, but also oil companies, at the same time when oil companies are breaking records.”