Political Quotes

On the recordMay 21, 2008
The great amount of borrowing this country is doing from nations like China, Japan and Korea is weakening our dollar. Many of us know that we're borrowing money from China to prosecute a war in Iraq. So with a weakened dollar, we're seeing a contribution here to the increased cost of crude oil. The weaker the dollar, the higher the price of crude oil. Today, the price of crude oil is about $130 a barrel. We're looking at gasoline this summer perhaps as much as $5 a gallon. We need to change our economic direction. We need to strengthen our dollar. We need to change our monetary policy and stop borrowing. We need to go after these oil companies, not only in international courts with antitrust action, but we need a windfall profits tax. And if that fails, we need to have an honest discussion in this country about why we let the oil companies control the economy anyway. Why don't we start looking at ways to take back the power of the people so that we can have control of our own destiny?
Said by
Dennis Kucinich
Independent · Ohio

Editor's note · Context

Addressing the impact of borrowing on the economy and rising oil prices.

Share

More from Dennis Kucinich

Dec 31, 2012

I have no question about the commitment of the chair and the ranking member to proper oversight, but what I do question is that the proliferation of the drone strikes puts such an extraordinary burden on our own oversight capacities. I'm…

govinfo.gov
Nov 29, 2012

The same geniuses who involved the U.S. in a war against Libya, who knocked off the pro-U.S. Libyan Government, who created in Benghazi an extremist shooting gallery which has claimed four American lives including our Ambassador, who have…

govinfo.gov
Nov 28, 2012

The releases from power plants and industrial boilers represent today roughly a quarter of the mercury releases to the atmosphere.

congress.gov
Dec 31, 2012

We have to look at the implications of this. If you have European countries who are essentially part of the UNIFIL presence in south Lebanon in furtherance of a U.N. resolution to end hostilities between Hezbollah and Israel, to create…

govinfo.gov

Other voices in this conversation