On the recordMay 3, 2006
today as I stand here, back in Michigan the gas prices have risen to $3.10 a gallon. At $3.10 a gallon, that is the highest price at the pump that folks are paying than ever before as they get up to go to work, take the kids to school, as our farmers are preparing the fields, and as our business people are on the road. Folks are feeling the squeeze--one more squeeze. We already have in Michigan a situation where we are seeing job loss or wages being reduced, health care costs going up, pensions that may not be there for people; things that are squeezing people on all sides--the higher cost of college. Part of that is due to actions taken in the Congress and at the White House. To add insult to injury, we are seeing now over $3 a gallon for gasoline, and I know in other States we have seen as much as $4 for folks who are just trying to make it, just trying to get to work, just trying to take care of their families. When they look at this picture, they see several things. They see the highest possible profits ever recorded in the history of the country by our oil companies, particularly ExxonMobile, which recorded the highest profits ever. They see incredible salaries. They see the former CEO of ExxonMobile making about $110,000 a day, when most Michiganians don't make $110,000 a year. And now we were told about a $400 million retirement package, and we hear when you count everything, it could be $700 million. Unbelievable. People have had enough.…
Source
govinfo.gov




