On the recordDecember 7, 2011
If I may, I would like to ask the esteemed Senator from Oklahoma to talk for a minute on the subject of how we create that environment that gets job creation going. I think this project is a perfect example of what we are talking about. We have to create an environment--a legal, tax and regulatory environment--that empowers private investment, not government spending but private investment, to get job creation going. Here we have a regulatory issue, where we just--TransCanada has worked for 3 years to meet the environmental process. Most recently, the problem was in Nebraska, the Sand Hills area of Nebraska, the Ogallala aquifer. But now we have come up with a solution to make sure we deal with that issue. So we have cleared that process. That means this project is ready to go as we have just described. Leader McConnell just a minute ago talked about how the labor unions strongly support this project. I can go through that whole list as well. In addition, the U.S. Chamber of Commerce says: Let's go. We support this project. So we have 40 Senators, bipartisan, labor unions, Chamber of Commerce. Here is an another interesting statistic. This example is such a good example of what we are talking about. I ask the Senator from Oklahoma to maybe expand on the point. But the U.S. Chamber of Commerce last year released a study identifying 351 stalled energy projects nationwide costing the American economy $1.1 trillion in lost income impact, and nearly 2 million jobs annually.…
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