today the price of oil is $132 a barrel. I do not know how the stock market is going to wind up, but with the slap in the face the economy got today with the unemployment rate skyrocketing and the price of oil $132 a barrel, the stock market is down about 300 points. How it is going to wind up today, I do not know. Mr. President, on the global warming bill we just completed--and I say ``completed''--we were unable to offer amendments, we were unable to legislate on this most important piece of legislation. The Republicans said what they wanted to do is anytime we mention ``global warming,'' they would mention ``gas prices.'' Well, today, we do not have to guess what we are going to do next because I am going to file cloture on the most important piece of legislation dealing with gas prices we have done in some time. So, Mr. President, we, as I have indicated, heard the Republicans speak at length about the problem of high gas prices. In doing so, they follow the lead of the majority who have been not just speaking about high gas prices for months but now working to find some solutions.
Editor's note · Context
Discussing the impact of high oil prices and unemployment on the economy and legislative efforts on gas prices.
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