Political Quotes

“Mr. Chairman, does the gentleman from Pennsylvania (Mr. Peterson) really believe it is necessary for the taxpayers of the United States to socialize and/or subsidize our oil industry, which is immensely profitable, is price gouging, involved in supporting OPEC in their price fixing, that we need to give them taxpayer dollars to increase their production to go back to old reservoirs and get more production? Does the gentleman really believe that? I mean, does he really believe that they do not have an incentive from the marketplace to go and do this, we have to give them a taxpayer subsidy? This is taxpayer dollars. We are underfunding recreation which millions of Americans enjoy. Yes, we need to become energy independent. This is not about energy independence. It is about subsidizing a vastly profitable industry. How much is $50 million? Is it 1 minute or 2 minutes' profit for that industry?”