Fuels rush in: Excerpts from Obama's CMU speech | Blogh

Wednesday, June 2, 2010

Fuels rush in: Excerpts from Obama's CMU speech

Posted By on Wed, Jun 2, 2010 at 2:06 PM

So courtesy of the White House, here's an advance copy of excerpts from the speech President Obama is set to give at CMU this afternoon. 

I'd have posted it sooner, but I wanted to find a reference to an actual policy proposal first. And as you'll see, that took awhile.  It's not until the second-to-last paragraph that he actually mentions a tax on carbon pollution. First we get numerous paragraphs bashing the GOP ... and THEN we're assured that the President "want[s] to move forward." 

Oh well ... partial remarks follow: 

America does not stand still. We move forward. That is why I’ve said that as we emerge from this recession, we cannot return to the pre-crisis status quo. We cannot go back to an economy that was too dependent on bubbles and debt and financial speculation. We cannot accept economic growth that leaves the middle-class owing more and making less. We must build a new, stronger foundation for growth and prosperity -- and that’s exactly what we’ve been doing for the last sixteen months.

It’s a foundation based on investments in our people and their future. Investments in the skills and education we need to compete. Investments in a 21st century infrastructure for America -- from high-speed railroads to high-speed internet. Investments in research and technology, like clean energy, that can lead to new jobs and new exports and new industries.

This new foundation is also based on reforms that will make our economy stronger and our businesses more competitive -- reforms that will make health care cheaper, our financial system more secure, and our government less burdened with debt.


Now, some of you may have noticed that we have been building this foundation without much help from our friends in the other party. From our efforts to rescue the economy to health insurance reform to financial reform, most have sat on the sidelines and shouted from the bleachers. They said no to tax cuts for small businesses; no to tax credits for college tuition; no to investments in clean energy. They said no to protecting patients from insurance companies and consumers from big banks.


But to be fair, a good deal of the other party’s opposition to our agenda has also been rooted in their sincere and fundamental belief about government. It’s a belief that government has little or no role to play in helping this nation meet our collective challenges. It’s an agenda that basically offers two answers to every problem we face: more tax breaks for the wealthy and fewer rules for corporations.


As November approaches, leaders in the other party will campaign furiously on the same economic argument they’ve been making for decades. Fortunately, we don’t have to look back too many years to see how it turns out. For much of the last ten years, we tried it their way. They gave tax cuts that weren’t paid for to millionaires who didn’t need them. They gutted regulations, and put industry insiders in charge of industry oversight. They shortchanged investments in clean energy and education; in research and technology. And despite all their current moralizing about the need to curb spending, this is the same crowd who took the record $237 billion surplus that President Clinton left them and turned it into a record $1.3 trillion deficit.

So we already know where their ideas led us. And now we have a choice as a nation. We can return to the failed economic policies of the past, or we can keep building a stronger future. We can go backward, or we can keep moving forward.

I don’t know about you, but I want to move forward.


The catastrophe unfolding in the Gulf right now may prove to be a result of human error -- or corporations taking dangerous short-cuts that compromised safety. But we have to acknowledge that there are inherent risks to drilling four miles beneath the surface of the Earth – risks that are bound to increase the harder oil extraction becomes. Just like we have to acknowledge that an America run solely on fossil fuels should not be the vision we have for our children and grandchildren.

The time has come, once and for all, for this nation to fully embrace a clean energy future. That means continuing our unprecedented effort to make everything from our homes and businesses to our cars and trucks more energy efficient. It means tapping into our natural gas reserves, and moving ahead with our plan to expand our nation’s fleet of nuclear power plants. And it means rolling back billions of dollars in tax breaks to oil companies so we can prioritize investments in clean energy research and development.

But the only way the transition to clean energy will succeed is if the private sector is fully invested in this future -- if capital comes off the sidelines and the ingenuity of our entrepreneurs is unleashed. And the only way to do that is by finally putting a price on carbon pollution.


The House of Representatives has already passed a comprehensive energy and climate bill, and there is currently a plan in the Senate -- a plan that was developed with ideas from Democrats and Republicans -- that would achieve the same goals. The votes may not be there right now, but I intend to find them in the coming months. I will make the case for a clean energy future wherever I can, and I will work with anyone from either party to get this done. But we will get this done. The next generation will not be held hostage to energy sources from the last century. We will not move back. America will move forward.


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