Political Quotes

“Mr. President, I thank the Senator from Texas for organizing this colloquy with the Senator from Missouri and the Senator from Ohio on this very important issue. We have our American consumers paying more than $3.70 at the pump today. Actually, today the price is $3.72. That is the right question because that hits every single American. As the Senator from Texas and the other Senators have pointed out, when the administration took office, the price of gasoline per gallon was about $1.85. Today, it is $3.70. Actually, again, this chart is already old; today the average price is $3.72. In some places, it is already well over $4. The projection is that by Memorial Day, gasoline will be $4 a gallon and by later this summer it could be as much as $5 a gallon. Let's put that into perspective for just a minute, following up on the question by the Senator from Texas. Recently, the President wanted a payroll tax cut, and the Congress passed that payroll tax cut. As the President liked to point out, that was about $1,000 a year. The benefit of that payroll tax averaged about $1,000 a year for the American worker or about $40 a paycheck. People get a paycheck every week, so it would be $40 a paycheck for the average working American. That is about $20 a week. When we are paying between $4 and $5 a gallon for gas at the pump, we more than pay that additional $20 we got in that payroll tax, don't we? In other words, it costs us more than that.…”