If the gentleman would yield, I thank my friend from Florida for yielding, because as to the very point you just raised, until March 27, 2003, former Deputy Defense Secretary Paul Wolfowitz said this. You were talking about Iraq paying for…
If the gentleman would yield, I thank my friend from Florida for yielding, because as to the very point you just raised, until March 27, 2003, former Deputy Defense Secretary Paul Wolfowitz said this. You were talking about Iraq paying for its own reconstruction and the costs attendant to this war, which is running us anywhere between $2.5 and $3 billion a week, which we could use in any myriad of ways.
He said back on that date, ``There is a lot of money to pay for this that doesn't have to be U.S. taxpayer money, and it starts with the assets of the Iraqi people. We are dealing with a country that can really finance its own reconstruction, and relatively soon.'' And Don Rumsfeld said that ``relatively soon'' could be 6 days, 6 weeks, he doubted 6 months.
Well, we have been there now more than 5 years, longer than it took for us to win World War II. And what we have, and I would like to point out the chart that is next to me, is we have a problem that has been created by the Bush administration, and Senator McCain would like to perpetuate.
So we have the Bush-McCain policies, the Bush-McCain policies being let's stay in Iraq. They don't have to pay for anything. Senator McCain said it might have to be 100 years. And at the same time, cutting our revenues to this government, so we run up the highest deficits on record. Under Ronald Reagan, under the first George Bush, we had big deficits, a surplus under Bill Clinton and the fiscal policies of the Democrats, and then a gigantic deficit under George Bush II.
What we need, ladies and gentlemen, what I say to my friends, both the Democrats and to the Republicans, is we have to have a change. We cannot have these same old, tired policies. If we have the same old, tired policies with respect to our foreign affairs, such as we are not going to charge the Iraqis for their reconstruction or we are never going to let them take their own destiny into their hands, we are going to have these same old costs and same old losses of life to Americans who have been in Iraq now for more than 5 years.
If we have the same old economic policies, which is what Senator McCain would like to have, it is just more Bush-McCain policies. We are going to run the deficit to levels we have never seen before, which then have resulted in foreclosures and a whole variety of things, foreclosures, job losses, et cetera.
We have to have a change. That change will come in this election on November 4th. We started this change in 2006 with the election of a Democratic Congress. We have been able to provide minimum wage increases to people. We have changed, for instance, the cost of student loans, so that more people can take advantage of our higher education system. Democrats took on the pharmaceuticals, so that more people can have lower priced pharmaceuticals. We have increased veterans benefits more in the last year than at any other time in the 70-plus year history of the Veterans Administration. This has happened under Democrats.
It is not the same old, failed policies that the Bush administration has had for the last 8 years or that the McCain campaign wants to perpetuate. We need a change, and that change will come with the election of a new President, and that President is going to be Senator Barack Obama, and it is going to continue by the Democrats maintaining a majority in this House. We cannot have more of the same.
There is real opportunity out there for this country. And we heard a little bit today from the Republicans about drill here, drill now. They want to go with the same old, tired energy policy, which just is only oil and gas and just drilling here and drilling now. I don't know exactly what they mean by drill here and drill now.
We had a very interesting story about an ethics scandal within the Interior Department, where some members of the Bush administration's Interior Department, who are supposed to be the watchdogs over the oil and gas companies who are supposed to pay royalties to this country for all of the minerals that they extract from the country. It said, ``Investigators from the Interior Department's Inspector General's Office,'' this is in the Washington Post today, it said, ``More than a dozen employees, including the former director of the Oil Royalty Program, accepted gifts, including ski trips, sports tickets and golf outings.'' The report alleges that the former director netted more than $30,000.
There was also the fact, they said, ``the government officials accepted lavish gifts, steered contracts to favored firms, and engaged in illicit sex with employees of the oil companies, Federal investigators reported today.''
So that is the same old thing. We are so hooked on just one commodity, which is oil, which obviously is going to be part of our energy package no matter what. We are going to drill. We are drilling. We are trying to extract this. But we have to have a comprehensive energy plan, which is what the Democrats are proposing and we will propose within the next couple of
weeks, which includes renewable energy, it includes coal, it includes energy efficiency.
Those are the kinds of things that will provide thousands and thousands and thousands of jobs in Colorado and in the manufacturing areas of Ohio. That is the kind of forward looking, innovative approach that we have to take. That is what Barack Obama is going to do. We are not going to have the same old, tired policies exemplified by the Bush administration that John McCain wants to keep going.
The gentleman would certainly yield to my friend from Connecticut.
Would the gentleman from Vermont just yield for 30 seconds?
In your litany of things where they made promises, made promises, made promises, none of them turned out to be accurate or true.
One of them that just still boggles my mind is, just a few weeks after the invasion into Iraq, George Bush was on that aircraft carrier, saying, ``Mission accomplished.'' John McCain was saying, ``Mission accomplished.'' All of these guys were saying, ``Mission accomplished.'' We are now 5-years plus since that time.
Now, our men and our women have been doing an unbelievable job. Initially, their equipment was not proper. Their vehicles weren't built in a way that was safe. We've changed that. We've helped them because they've done a job that has been above and beyond the call of duty, but it's the Commander in Chief and the judgment of the Commander in Chief who is in place today that we have to question, his judgment and the judgment of whom we want to be Commander in Chief.
Who has the right judgment? Who can really take our reputation from what's now down in the gutter internationally and raise it back up? Who has the judgment to get this country working again? Who has the judgment and the energy and the ability to renew the strength of this country, to call on all of us to make the sacrifices and to meet the challenges that we've got ahead of us that we know will lead us back to the great Nation that we are and to the great people that we are?
It's not the same old administration. It's not the same old people. It's not the Karl Roves of the world. We're going to have to finish this change because we can do much better than we've done.
So, with that, I'll yield to my friend from Wisconsin.
I thank my friend from Wisconsin. I'm going to take a step back from the health care, talk about the GSEs, the Government Sponsored Entities, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, which were, in effect, taken over, placed into conservatorship.
And sometimes I charge my friends on the Republican side of the aisle with not doing what needed to be done. But in this instance they did, back in 2005, pass legislation that would have prevented, or at least somehow dealt with these GSE problems, this takeover that we had to have in the last few days.
And it was Mr. Oxley who was the chairman of the committee at the time. There was a piece of legislation passed. He was an Ohio Republican who headed the House Financial Services, this is from the Financial Times of yesterday, until his retirement at the mid term elections last year. Blames the mess, meaning the takeover of Fannie Mae and Freddie Mac, on ideologues within the White House, as well as Alan Greenspan, former chairman of the Federal Reserve. He says, he fumes about the criticism of his House colleagues. All the hand wringing and bed wetting is going on without remembering how the House stepped up on this. He continues, ``What did we get from the White House? We got a one-finger salute.''
He finishes, ``We missed a golden opportunity, we, being the United States of America missed a golden opportunity that would have avoided a lot of problems we're facing now if we hadn't had such a firm ideological position at the White House and the Treasury and the FED.''
We now have had to take over these entities that have supplied money to help us all buy houses for decades and decades and decades, and it's as a result of a White House that didn't believe in any kind of regulation. We talked about it just a few minutes ago, with these guys over at the Minerals
Management Service and the frat house that they ran where they were getting gifts and they were getting sexual favors and all of that kind of stuff.
This administration could have cared less about regulation, and this country has been damaged because of it. We can't have these same old policies anymore, ladies and gentlemen. We can't afford it. This country can't afford it. We're too great a Nation. We're too great a people. Our neighbors, our friends, our families sacrifice too much to have this kind of approach by people, whether it's not regulating big government entities or sleeping with the people you're supposed to regulate. We can't have that anymore. We can't have more of the same.
We need a change. We need a new direction. That new direction is going to be Barack Obama, it's going to be the Democrats. We've got to finish the change that was begun in 2006 with the election of a new White House with new policies that are going to renew this Nation. And we can do that. And I know that, by all of us working together, there really is hope for this Nation, and we're going to take the action that brings about jobs and health care and, really, a return to what we know is great about this Nation.
And so I'd like to turn it back to the President of our class, the Honorable Betty Sutton from Ohio.