President Obama’s Weekly Address 3/10/2012

From the White House; “Speaking from a factory in Virginia, President Obama talks about how companies are creating more jobs in the United States, making better products than ever before, and how many are developing new technologies that are reducing our dependence on foreign oil and saving families money at the pump.” According to President Obama, “we have a choice. Right now, some folks in Washington would rather spend another $4 billion on subsidies to oil companies each year. Well you know what? We’ve been handing out these kinds of taxpayer giveaways for nearly a century. And outside of Congress, does anyone really think that’s still a good idea? I want this Congress to stop the giveaways to an oil industry that’s never been more profitable, and invest in a clean energy industry that’s never been more promising. We should be investing in the technology that’s building the cars and trucks and jets that will prevent us from dealing with these high gas prices year after year after year.” He says “we can’t just drill our way to lower gas prices.”