I thank the gentleman and thank him for his leadership. As a Member from the Commonwealth of Kentucky, obviously you have a great deal of understanding about energy needs. The cities in Kentucky, the rural areas of Kentucky, the great…
I thank the gentleman and thank him for his leadership.
As a Member from the Commonwealth of Kentucky, obviously you have a great deal of understanding about energy needs. The cities in Kentucky, the rural areas of Kentucky, the great equestrian and horse industry in Kentucky, all of those require the types of energy that we know are future energy sources for America.
I think this is just such a moment in time that really allows for an excitement. Now, these are challenging times, make no mistake about it. In my lifetime--and I'm 51 years old. Mr. Yarmuth is probably somewhere in that range as well.
Well, as Americans we understand challenges. We understand crises. Our fathers, our grandparents, our great- grandparents were certainly the architects of us getting through world wars. They fought, they innovated, they came out of it even stronger. My mom was a public schoolteacher, taught second grade, taught me about how important education is to make a success of one's self.
My dad was a small businessman. I don't know if you remember five- and-ten-cent stores. We called them variety stores. We had them in Cleveland, Ohio, where I grew up, and I worked there since I was 8 years old. And my dad taught me what it was like to balance the books, not borrow unless you absolutely have to. I understood what it took to make payroll. We had eight employees and we took care of them. These were people that he was loyal to and they were loyal to him, and he taught me about work ethic.
But most importantly, he taught me about what it takes to be an American, and given those opportunities to succeed, you will succeed.
And that's why, to me, at this moment of great challenges in our economy, people's jobs may be being lost permanently, that this is the moment that we shouldn't just be incremental. We shouldn't be small thinking. We should be thinking big and look at this as an opportunity, an opportunity to truly change the direction of America.
And that direction takes in a lot of different pieces, but of course, it starts with a solid education. And I know that when my mom made it a necessity for me to go to school, college, I was able to borrow money through the student loan programs to get there. That was an opportunity and allowed me to be standing here today representing people in south Florida. But most importantly was that education that allowed me to see what our great universities can do in terms of innovation and science and business and to combine those great things together.
We know the story of John F. Kennedy, when that little Sputnik went up in space, and for those people who were living at that time, that little can that went up in space was the Russian statement to the world that they were going to be dominant in space, and that scared Americans. Not because they knew that it was a direct threat, but they didn't know what it meant with this Cold War going at that time.
But what John F. Kennedy did by saying, I'm going to put a man on the moon at the end of the 1960s is, he said that we're going to put science first and innovation and challenge, and we built a NASA program, and we put a man on the moon not by 1970, but in 1969, in July. I remember that.
And to me, that is the kind of inspiration that I think our President today is presenting to us, President Barack Obama, about using science, using technology, using business innovation to earn our way and work our way out of this recession. It's not going to be something we're going to tax our way out of. We're going to grow our way out of this with jobs, with clean energy, with energy innovation, with energy products that not only are going to make us safer and more secure from a national security point of view--because we already know we import 60 percent of our oil from countries outside of the United States, and God only knows that is the wrong place for us to be at any moment in time.
We want to be self-reliant, and we have the capacity to do that with not only oil and gas but solar and wind and wave and nuclear and a whole lot of different things.
And it's about time that we sort of say this is our time, this is our moment to get it back on track. And I think that is what the President is saying to Americans. That's what the President is saying to American business.
I would share with the gentleman from Kentucky--he knows this because he helped write this bill. The big bill that we passed recently, the American Recovery and Reinvestment Act, the stimulus bill it's called, it has some incredibly positive things in it, not only to stimulate the economy but on energy. It has a smart grid, advanced battery technology effort, and it's millions and billions of dollars for our universities, for our businesses to come together, putting the smartest people at the table from a business point of view, how to take a product to market, as well as the science point of view, to get these batteries for all electric cars and for all sorts of innovation, to come together and say we're going to focus and we're going to do it. We're going to be more successful than any other country in the world.
And you know something, we're not only going to make it good for the United States; we're going to export those products and license that technology. And all the other countries of the world, instead of, you know, exporting to us, we're going to start exporting to them. Great opportunity there.
There are also a whole lot of really good things about energy efficiency, energy savings at home, encouraging people to buy products and giving them tax incentives to buy products that save on energy. Green jobs, green buildings, all these kind of things just offer such great opportunities. So, you know, I look at this moment when we're discussing energy, and not just about a drill, drill, drill issue. That's not the issue. Of course oil's going to be part of our national energy policy and so will natural gas, and we have more natural gas, and that's good.
But I'm from Florida. Florida should be leading the world right now in solar power. We're the Sunshine State, and every State in the country has something to advertise. People come to Florida for our sun. Well, we should be leading in solar technology at our universities and for consumer purposes.
So I thank the gentleman for raising this today. We're going to be working on this issue. And again, this is not just about climate. This is about energy. This is about environment. This is about national security. Any one of those three, pick them, and I think that we could recognize this is the time for us to really put our foot down and make something happen.
I thank the gentleman for yielding. When I think about, when people talk about the best investment you can make is in yourself, and I know that over the years I've known people that were very successful in their own business and then they sort of went outside, they had a little extra money and they went outside their comfort zone and invested in something they maybe didn't know enough about and sometimes they lost money in that way.
I am so strongly in belief, as you just said, that investing in American scientists, investing in American business entrepreneurs, investing in the confidence that American consumers have, that we cannot only emerge in a stronger position, but we will absolutely dominate this energy field. And I'll give you an example.
The light bulbs that we see up here. These are incandescent light bulbs that were designed by Thomas Edison. The technology, long, long ago, a hundred years ago. And over the years we've made certain improvements to them and things like that, but they're very energy oriented. They really consume a lot of energy.
Well, you've now seen these new bulbs, that sort of circular, looks like a loop kind of thing, and those save a lot of energy. Now, they cost more at the store right now if you go to one of the stores because obviously there is a supply-and-demand issue.
But one of the things that we can do in government that doesn't cost the taxpayers a dime is we can create market, something Europe has been doing for a long time. And an example of this, and I know the gentleman from Kentucky is aware of this: Last year we passed a bill that will phase out the old-fashioned light bulbs over the next number of years, transition. And when we say ``phase out,'' they're going to have to put in, you know, they'll basically be selling new light bulbs, new energy- efficient light bulbs.
Well, guess what that does. Without the government spending a dime, without anybody doing anything, it gives businesses and business entrepreneurs and scientists a signal, a market signal that says there are going to be 450 million light bulbs sold in 2012 of this type, a big, big market in the United States. That's not the real number, but some extraordinary number, and then around world.
That means that if you design and can build in a cost-effective way and manufacture a light bulb that meets these specifications, there is a big market out there. So it certainly gives you, as an entrepreneur, as a businessperson, the signal to say, I'm going to invest in something that I know there's going to be a big market. And over the next number of years that market will only grow and expand. It's the same thing that we've seen with appliances. It's the same thing with our heating and air-conditioning systems. The refrigerators that were built 20 years ago used, I think, something like 10 times as much energy as they used today, even though today's average refrigerator is larger, does more functions and everything else. And that's because over time, you know, people understood, they wanted it more efficient, they wanted to pay less. So they paid a little more for the refrigerator up front, absolutely recouped that over time.
So, to me, these are the exciting things when it comes to electric automobiles and hybrids and all sorts of new technology that will make our homes more efficient, our buildings more efficient where we work. And it's a moment where I think with a partnership of government sending the right signals and the right tax planning, and businesses and consumers wanting to make these changes, wanting to succeed and create these jobs and wanting to be successful, it's the perfect combination.
And I yield back.
Thank you. And I absolutely agree. And if you think about, you know, the automobile, I'm in full agreement. I think it's exciting, and I'm glad to see that our people at the automotive companies understand this challenge, are not standing in the way. They're embracing it, and that's pretty exciting. And I think they're embracing it because they know that their survival is dependent on selling a car that the American consumer will want to buy, will get efficiency in operation, will last, and the maintenance will be minimal. There's a strong warranty behind it, things that were the mainstay of the automobile industry in the United States for a long time and, you know, sort of tapered off over the last few years.
But there's absolutely no reason in my mind why an American automobile can't be as good or better than any automobile in the world and why our
scientists and engineers can't create the best automobile.
There's a company in New Jersey that has been working on a different kind of concept which is very interesting. They're actually pushing--or not pushing. I think they've got the Government of Israel to support this, and I think Finland also, where in Israel they're going to be converting their entire--all their automobiles to electric automobiles over the next number of years.
And here's the simplicity of how this works, because I love when people say, Well, we can't do it, and the naysayers. And, oh, it's too expensive or too this. It just takes a little bit of thought to get it through.
Here's the simple idea. Right now, we have a tank of gas that may get you 200 miles, 300 miles, and then you run out of gas. Okay? So it's finite. It's not like your car runs indefinitely. You have to stop at a gas station. And, of course, in the United States, we have gas stations a lot of different places, but there aren't a lot of places you can get flex fuels and a lot of other, which has held up the alternative types of engine development in the United States.
This group has a car that has a battery, and the battery, I think right now the electric charge is maybe 100 miles, which, by the way, for most people, you don't go more than 100 miles in any city during the day. You may go 30, 40 miles, and then you can swap the battery out. You go to a gas station, which is now a service station. You swap the battery out just like you did with your old--your telephone battery kind of thing, and then you pop it back in and you're ready for the next charge. Or you plug in at night at home.
Now, if you think about it, our utility plants right now operate at peak capacity during the day. In the middle of the night when factories aren't necessarily operating and the peak load for electricity is down, they're operating at 30 percent, 40 percent, 60 percent, whatever the number is. So if you were to plug all these cars in at night with a nominal amount of electricity, no big deal. It makes full use of the existing capacity. You don't need another megawatt of electricity to do this, and you've got a car that has no emissions whatsoever.
We also know that this 100-mile charge, in the next couple of years it's going to be 120 and then 150 and then 200, because the technicians and the science people are going to get these batteries up and running, just like they make cars more efficient over time.
I thank the Senate for passing the Credit Card bill. I think that's a very exciting bill that the House passed already--it's called the Credit Card Consumers Rights bill. I think in a bipartisan way many of us in the House were very excited about the opportunity to try to get some balance in the credit card world for consumers, particularly at a time like this. So I appreciate the work of the Senate. I know we're going to be working actively to get that bill resolved.
But just to finish the thought, if I can, the gentleman from Kentucky, is just to say that this electric car concept, it's exactly-- whether that is the prototype for what is going to work in America, I can't tell you. But I love the idea that great thinkers are out there coming up with new ideas. The simplicity of being able to plug a car into a wall--there's a plug in the most rural areas or there's an electric outlet in the middle of the city.
So I think that's the kind of thinking that I would love to see as we move forward. I know that the tax incentives are in place for the development of our companies in the United States that develop these. I know the American people are ready for the jobs and our economy is ready for rebuilding. I think this is that moment in time as we pass this stimulus bill and we're now moving into the phase of letting the companies compete for these grants and letting our universities participate in the development with our greatest scientists and greatest engineers to take us to the next level so we will have energy security, national security, cleaner environment, and the kinds of economy that my kids, your kids, maybe our grandkids in the future, will be able to enjoy and participate in.
I thank the gentleman. I think when we talk about polls, obviously it's interesting to hear what the American people have to say because those are the people impacted by the decisions that are made here in Washington. And particularly at home right now, I know where I live in south Florida, people are hurting, they're suffering. They're looking for what is going on for the future of their jobs, their businesses. If they're senior citizens, they're concerned about what's going on in the economy.
But I think what is going on is there seems to be a little bit of a glimmer of some turn here. It's going to take time. What we all inherited--I'm talking about America, I'm not talking about this Congress--but all of us as Americans, we inherited, unfortunately, a pretty deep situation with the bank crisis and things like that.
We all go through recessions. Recessions cycle out. We do everything we can as a country, both public and private sector, to contract the amount of time it's going to take to allow a recession to go through.
But, again, I see this as a time also with the new President, President Obama, as really taking this moment to say we're going to have to fix some of the problems that have been festering a long time. We have an investment in roads and infrastructure and schools and bridges and things like that.
We have an investment in health care--to try to fix the health care system. We're debating a lot of new ideas right now. I know that every one of us has a family situation with a preexisting condition. My sister had cancer diagnosed recently, and she's going to have problems with insurance. You know something? This is that moment when you need insurance--not a perfectly healthy person.
But whether it's energy or health care or education or the bridges and roads and universities, things like that, these are the things that I think are really beginning to come out. The polls can say something, as my friend from Kentucky said, but these are Americans talking. These aren't Democrats or Republicans or Independents. These are Americans from all walks of life, from all 50 States, rural areas and industrial areas, areas where there's been a great history of success and areas that are now having great difficulties.
I think that's why it is exciting to have the kind of energy and the kind of leadership that's coming out of the White House. We may not necessarily grant every single thing, but I think that what's going on right now in Washington, there's a great amount of trying that's going on, a great amount of effort going into passing things.
There's been a number of bills passed--everything from health care to the energy issues. We know that as we move forward there are going to be greater issues to tackle. And I know that all of us feel very strongly this is a moment where we want to hear from our constituents, to talk to us, to let us know what is on their mind; not get caught up on the discussions on cable television. Obviously, everybody's got an opinion.
Literally, when we come home and we're talking every day at home with what Americans are talking about, what is important to them, this is that time to share with us. I know that many of you do. I just want to continue that conversation as we move forward.
I just wanted to thank the gentleman for bringing us here tonight to talk about energy because this is something that is going to have one of the biggest impacts on our future, both our foreign policy and our domestic policy. I look forward to working with you and all the Members of Congress on making sure we get it right.