House Proceeding 04-28-09 on Apr 28th, 2009 :: 3:19:00 to 3:22:45
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3:18:59 to 3:19:20( Edit History Discussion )

Charles W. Jr.Boustany: three minutes to my good friend from lafayette, louisiana, dr. boustany the speaker pro tempore: the gentleman is recognized for three minutes. mr. boustany: i stand in opposition to the rule and to this budget proposal. but let me first say that this congress is facing some very grave challenges, along with the president, and i think the president has rightfully

3:19:00 to 3:22:45( Edit History Discussion )
Speech By: Charles W. Jr.Boustany

3:19:21 to 3:19:41( Edit History Discussion )

Charles W. Jr.Boustany: singled out health care and education as areas that has to be dealt with serious reform. i vehemently disagree with the prescribed approach. let's take a couple of -- let's make -- let's look at a couple of points here. first off, let's take energy. this energy proposal lays out a prescription for singling out a

3:19:42 to 3:20:03( Edit History Discussion )

Charles W. Jr.Boustany: number of serious oiling and gas tax increases. at the very minimum totaling $31.5 billion. now, this is going to devastate an industry, a domestic oil and gas industry, independent companies, not the big companies like exxonmobil and shell and others that do work overseas but those independent

3:20:04 to 3:20:24( Edit History Discussion )

Charles W. Jr.Boustany: companies that work in the gulf of mexico and that supply a major source of oil and gas energy for the united states and for every single american family. what does this mean for the average family they're going to pay a higher gas price at the pump, they are going to pay highecosts in electricity. also we're going to see massive job loss. now, we did have hearings.

3:20:25 to 3:20:46( Edit History Discussion )

Charles W. Jr.Boustany: yes, we had hearings. i sit on the ways and means committee. i remember secretary geithner coming in front of us and i asked him, how many jobs will this budget kill? he could not answer the question. i said, do you realize that the oil and gas industry employs about 1.8 million people in the united states with about six million additional jobs

3:20:47 to 3:21:08( Edit History Discussion )

Charles W. Jr.Boustany: associated with this industry? a lot of these jobs are going to be killed. we're going to lose them and they don't come back right away. and this is a time when our energy dependence on foreign oil is serious. and what is our transition strategy as we try to get to a green economy? well, it's natural gas. well, guess what, 35% of the

3:21:09 to 3:21:29( Edit History Discussion )

Charles W. Jr.Boustany: natural gas use in this country comes from wells that were drilled within the last two years. the rig count is now down over 50% since september. do the math. we're going to see higher gas prices. so i have to say if the secretary comes before the committee and offers this budget proposal but cannot

3:21:30 to 3:21:50( Edit History Discussion )

Charles W. Jr.Boustany: answer simple questions such as, what is going to be the impact on unemployment across multiple sectors, that's a serious concern. c.b.o., i asked the same question to the director of c.b.o. and got the same answer. they have not done the analysis. well, i think that's incomplete work. don't you think we need more

3:21:51 to 3:22:12( Edit History Discussion )

Charles W. Jr.Boustany: information as to what the impact of this budget's going to be if it's implemented in its entirety on unemployment, on jobs? and we're talking about good high-paying jobs. i'm not talking about whitecollar executive jobs. i'm talking about painters. people that work on boats. across the board.

3:22:13 to 3:22:34( Edit History Discussion )

Charles W. Jr.Boustany: manufacturing jobs. small manufacturing companies that do fabrication and so forth. these are serious jobs. mr. dreier: madam speaker, i'd like to yield my friend an additional minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. boustany: this is a serious issue. this needs to be well thought out. throw on top the specific tax increases on the oil and gas

3:22:35 to 3:22:45( Edit History Discussion )

Charles W. Jr.Boustany: industry, the massive cap and trade proposal that is not well thought out and, of course, we need more work on it obviously, but i have to say the american people deserve to know what this is going to do in terms of