On the recordMay 12, 2011
Representative Garamendi, if you will suffer an interruption and yield, you talk about those Big Oil profits. You talk about the trillions they are willing to spend. And then they have the audacity to say it is a spending problem. Well, where are we spending? We are making the comfortable more comfortable. With those Big Oil handouts, up to 90 percent, according to studies released, up to 90 percent are going toward bonuses for executives in the oil industry--up to 90 percent. What quantifiable societal good is there from these handouts? They are mindless. And today, today, someone from the industry was quoted as saying to not offer these handouts is un- American. It is unbelievable.
