Good evening. It's good to be here with my friend from Minnesota, and we just were listening to the gentleman from Iowa, and he was talking about what's the Democrat's plan. Well, what is the Democrat's plan for energy? Well, it's just…
Good evening. It's good to be here with my friend from Minnesota, and we just were listening to the gentleman from Iowa, and he was talking about what's the Democrat's plan.
Well, what is the Democrat's plan for energy? Well, it's just obvious what the Republican's plan has been with two oil men in the White House. You can see exactly what has happened to the price of oil under the Bush administration. From $25 a barrel to $134.35.
So when he is making comments or generally people are saying what is going on here, we can see with two oil men in the White House what the energy plan has been for this country, and that's higher and higher and higher gas prices.
Now, what we've got to do is we've got to take ourselves off of oil to a greater extent than we are right now. We have to relieve ourselves of this addiction. And in the short run, we're going to feel some pain, but in the long run, the liberation from being addicted to one commodity the way we are, which is oil, which is really having a ripple effect throughout the economy, will be fantastic.
And so what we are doing as Democrats is to provide other ways to save energy. A gallon saved is a gallon earned. A kilowatt saved is a kilowatt earned. And so what we want to do first is make sure that we're efficient in how we use our energy so that there is a lower demand and we aren't so hooked on petroleum and petroleum by-products.
Second, we've got to find other commodities that compete with petroleum, whether it is cellulosic ethanol or better ways to make electricity through renewable energy sources. As Democrats, those are the kinds of things we're doing. It's time for us to get to the future and not continue to be hooked on oil like we have been for the last 30, 40, 50 years.
I certainly will yield to my friend from Minnesota.
Well, if the gentleman will yield.
It clearly is.
This is the time for us to get healthy, and we can get healthy in many, many different ways. And it is going to be across the spectrum, whether it is making our buildings more efficient, our homes more efficient when it comes to energy consumption, our cars more efficient, come up with different fuels, different ways to power this country, we can do those things; and it's just so obvious because it's good for national security, it's good for climate, and it is good for jobs.
But let us go back to this thing about they want to drill in ANWR, they want to drill offshore, they want to drill a million places.
Well, we know that right now, and I'll put up a chart, that right now oil companies are not drilling 30.6 million acres that they have offshore and 30.5 million acres that they have on shore.
I think the question is to try to distract from the real answer which is the plan, the energy plan has been to raise gas prices, and the energy plan has not worked. It's hurt Americans. And we have to come up with other ways so that we aren't dependent upon one commodity like that because we're dealing with eight or so countries in OPEC and five, or about five big oil companies. Very few countries and very few companies. And we need to have other ways to power this Nation, and we can do it.
I mean, we have the ability to come up with better and more efficient cars. We have the ability to come up with more efficient homes and not in expensive ways. We're talking about changing out windows, putting in more insulation. There are opportunities to add solar or wind so that we have renewable energy sources, and these are thousands and thousands and thousands of jobs; and certainly in the construction industry, those jobs are needed today. So it is a win-win situation if we're just going to have to do these things.
But even in the short run, we know that oil companies have plenty of places to drill that they aren't drilling today. So it's a phony argument.
He came up with a vaccine so that they didn't have the disease in the first place.
And, Mr. Ellison, you are right on the mark. This is about changing the direction of this Nation and not doing things the same old way that now is forcing us to see $4-a-gallon-priced gasoline. This is about changing the direction of this Nation, moving us into this century where we have many other ways to power this Nation.
Now we just, all of us as a country, as Americans, we have to step forward and do this and knowing in the short run that we're facing $4- a-gallon gasoline. Now, we're going to take a look, as Members of Congress, why we've seen this dramatic spike to $4, whether--hopefully there's not been manipulation, there's not been speculation that's been improper.
But even so, we need to come up with other ways to power this country, and we can do that whether it is through the research being conducted at the National Renewable Energy Lab in Colorado, whether it is the new designs that we're seeing for cars across the globe. There are many, many ways that we can improve our energy situation, and most of them start with really pretty low-hanging fruit; and that's just being more efficient.
Conservation but efficiency.
We can, through just engineering, basic engineering, architecture, design work, be more efficient in how we power this country and how much energy we use and consume. And we don't want to be putting a lot of carbon, continue to be putting carbon into the atmosphere. We don't want to continue to be so beholden on oil countries and oil companies.
So we are, as the Democratic Congress, moving us to a new energy future. We are changing the direction of this Nation. We're not going to follow the energy plan of two oil men in the White House. That's just not where we're going to go any more.
I think it minimizes it. I think there are plenty of opportunities to drill.
You know, having said we're going to change direction, we're not going to go cold turkey from oil and gas. It will play a role in our energy spectrum for a long time to come. But we certainly can reduce our demand.
There are certainly places to drill now that aren't being drilled by the big oil companies, and there are other ways that we can wean ourselves from the dependence on foreign oil.
We just have to do that. We can't ignore this any longer, and this particular White House and the Republican Congress before us would just want to drill and drill and stay hooked on one commodity. It is never smart in business to only have one supplier.
You have to diversify, yes.
And I'm going to not add to that because that is a very good analogy.
In Colorado, we've had kind of a slow economy for several years now. We've faced a lot of foreclosures in the Denver metro area and throughout the State. We keep feeling like we're going to come out of this slump and then kind of get bumped back in. I believe in Colorado we're going to come out of the slump before much of the Nation just because we went into it before much of the Nation.
But even so, with the oil prices the way they are, with the way the economy has been managed by this administration, the people in Colorado need a safety net which is what unemployment insurance is. These are hardworking people who, for one reason or another, may have lost a job. They're looking for work. They want work. They want to get back in employment, and they need to do that. People in Colorado are workers. They like to be employed. They like to earn an income. They like to provide for themselves, and given the slow economy that we've had in Colorado, which I think and I hope is ready to turn, people do need that extra safety net.
Well, and in a broader context, I want to go back to our prior conversation on the green jobs, the green collar jobs.
One of the things that we see in Colorado, and I think this can be nationwide, is that there are thousands and thousands and thousands upon thousands of jobs in the green industry, in the energy industry with renewables and with energy efficiency in housing. There are thousands of jobs, and they are jobs here in America.
Not overseas, but they're here in America.
Your question answers itself. Of course not. When somebody comes in to change the windows in my house, they're doing it at my house in Golden, Colorado. These are good construction jobs. They're design jobs. There are some manufacturing jobs attached to it.
The new direction for energy also is a place where there are thousands of jobs which will help us stem this unemployment, but for those people who can't find those jobs right now, we need to have a safety net for them.
If you would yield, I think one of the places where, again, going back to your education and a vision for this country that looks beyond just tomorrow but to next year and 10 years down is the GI Bill that we would like to see passed that the President has threatened to veto.
I'm sorry to say that he's considering that, and what I find so hard to believe is that the best investment this country ever made was in the GI Bill after World War II. And now we have had our men and women in Afghanistan and in Iraq for more than 5 years, which is longer than we were in World War II, and to provide them with education and educational opportunities simply will be a fantastic investment for this country.
The wealth that was created, the happiness that was created because people could live full lives and educated lives after World War II, those are the kinds of things that we want for America. And my Dad, when we're talking about this, and you can see him well up with pride about the GI Bill and how so many men came back from World War II and then were successful after seeing the horrors of war, but came back and were able to provide for their families in ways that nobody anticipated. He describes that as the greatest investment this country has ever made, and he kids around by then saying, ``And a distant second was the Louisiana Purchase.''
So this GI Bill that we're proposing now for the 21st century will be a fantastic investment for our men and women who have served us. I believe we owe them a responsibility to provide for education, and we just need to go forward with this. And the White House has objected to this. Senator McCain has objected to this, as I understand it. And it just doesn't make sense.
Mr. Ellison, while we're on the subject of our service men and women, I think one of the things where there really was a change in the direction of this Nation in the past year was the fact that the Democratic House and the Democratic Senate, the Congress, sent to the President and he signed--and I want to applaud him for doing that--the greatest increase in veterans' benefits in the 77-year history of the Veterans Administration. And again, when we send men and women into harm's way, when we ask them to protect us, serve us, we have a moral contract, a moral responsibility to provide them with as normal a life as possible and to provide the benefits that are promised when they go in.
And I feel that we've made great strides in living up to our end of the bargain. Now, it has to have execution, but I know in Colorado, for instance, in terms of veterans' claims, there was this tremendous backlog. Because of what we did last year, we've added 65 people to the benefits section so that claims can be processed in a reasonable and timely fashion so that the benefits are received by our service men and women in a reasonable and timely fashion. So there has been actual progress on the ground.
Well, we've taken steps to stem foreclosures by using the FHA guarantee as a way to slow things. And the way it works is that a bank that has a loan to somebody can write the loan down to whatever the market value is. Then the FHA will guarantee 90 percent of this lower amount for the borrower so long as the borrower can pay that 90 percent back. Now they have to go through a credit check, and they've got to be able to pay the lower amount.
So the Federal Government is coming in to stop a foreclosure which, if it takes place, could result in a vacant home that then ends up decaying, and it starts the decay in a neighborhood. So it assists the neighborhood. It allows the bank to become liquid. And it gives the borrower a chance to make the payments at this lower amount.
Now, if the borrower were to sell in, I believe, within 5 years, the Federal Government would receive a portion of anything above the written down purchase price. But the bottom line is, in a very prudent and fiscally responsible manner, FHA is being used to guarantee lower loans, reduced loans so that we can limit the numbers of foreclosures in our neighborhoods and maintain the strength of our neighborhoods.
Well, I'd like to go back to the gas prices.
You know, I think that the gas prices show the lack of an energy plan by the prior Republican Congress, by this White House, except to the degree that it has caused an increase in oil prices.
You know, we're in Iraq in a substantial way; and a lot of it, in my opinion, has to do with oil. Now, the average price per gallon of fuel paid by U.S. military units in Iraq is at least $3.23. The price per gallon of gasoline for Iraqi residents is $1.36. Why the difference there? Oil revenues for the Iraqi Government is expected to be $70 billion, which should be paid back to this country when we are running a deficit. We're spending $2.5 to $3 billion a week to be in Iraq. And that obviously has had an effect on our economy over the course of these 5 years that we've been in Iraq.
We've got to change the direction of this Nation, Mr. Ellison. We're trying to do that every day. We need to change the direction when it comes to energy. We've got to change the direction when it comes to Iraq. We've been changing the direction when it comes to our veterans and living up to our contracts and responsibilities in terms of their benefits.
We're making a difference. We have a long way to go to really change the direction of this Nation. This country is in need of big change in a lot of ways. And I'm glad that I've been elected to the Congress by the people of the suburbs of Denver to try and institute some of that change.
And so with that, I would yield back to you, sir.
Good night.