Mr. Speaker, mr. Vice president , members of the 94th congress, and distinguished guests, 26 years ago a freshman congressman, a young fellow, with lots of idealism who was out to change the world, stood before sam rayburn in the well of the house and solemnly swore to the same oath that all of you took yesterday. An unforgettable experience. And i congratulate you all. Two days later that same freshman stood at the back of this great chamber. Over there someplace. As president truman, all charged up by his singlehanded election victory, reported as the constitution requires on the state of the union, when the bipartisan applause stopped, president truman said, i am happy to report to the 81st congress that the state of the union is good. Our nation is better able than ever before to meet the needs of the American People and to give them their fair chance in the pursuit of happiness. It is foremost among the nations of the world in the search for peace. Today that freshman member from
Make that will create significant construction and infrastructure jobs. Now, were this just in isolation and it didnt involve the total construction of the forests of canada, if i were a canadian id be pretty upset about that, and perhaps the dirtiest, most environmentally problematic way of extracting fossil fuels from the ground to get these oil sands, the construction jobs might have, you know, might carry the day. But sometimes you have to draw a line. And in this case, you know we also hear its going to lead somehow to Energy Security. Thats interesting because the crude is going to come down without paying any crude, tar stand oil or whatever you want to call it, its going to come down to texas without paying into the Oil Spill Liability trust Fund Creating a potential problem for the future taxpayers of the United States. Go to a refinery in an export zone in texas and it will be refined and then it will be exported. Were exporting millions of gallons of fuel every day. So to so
Grew at a stronger clip than we originally thought. Companies are investing, consumers are spending. Over the past four years our businesses have created 10 million new jobs so there are reasons to feel good about the direction we are headed. Stuart lets start with the money angle. Mary kissel with the wall street journal Editorial Board. What a disconnected between what the president spins on the economy and how we the people feel about the economy. Here is my question. Do you think the president really believes his spin . No i dont. Our wages are not going up. Food prices are rising, Health Care Costs are rising, we are getting taxed to death. The average american is experiencing none of this supposed growth a president is trying to promote. Cbo report that came out yesterday that he was talking about didnt help his case either. Cbs a 1. 5 . Stuart that was the growth rate. 1. 5 . Stuart i want to have this number out there. This is a pew research poll. In 2008 they setup you middlec
Year. The country unveiling its highly anticipated budget. The indian budget i never thought when i was a young fellow, that i would be talking about indias budget, but here i am. The indian stock market up 7 this year. Outperforming the s p 500 and the dow. Soaring 40 after just the past 12 months. The question is will india deliver . Sima and bob. Tracking the big india etf. You first. Tyler investors are calling it a make or break moment. Tomorrow we will get the answer as to how Prime Minister modi who was elected on the promise of reform is planning to tackle some of indias Biggest Challenges and thats a lack of infrastructure. A complicated tax system. Not to mention, corruption. Now, if i understand wra wants to become the next manufacturing hub of the world, analysts say the country needs to spend more on infrastructure by investing in coal and power. It also needs to enable the private sector to lead the next wave of growth. Investors will be also looking for an update on mone
I am interested in your take on the report, what it means for u. S. It is a watershed. The statement about the extreme opulence of scientists in terms of not only warming but the human role is very clear. It also underpins of the importance of the president Climate Action plan. I might note that the action plan has a very strong emphasis on mitigating the risks of Climate Change. Perhaps we will talk about some of the things the department of energy is responsible for. We also have to note to the president s plan brought forward a very strong need to prepare for climate risks. Frankly, we are already experiencing the pattern of the expected impacts of Global Warming. The report really just highlights the importance of moving now on this issue. I have said before in my view this is the crucial decade for us to start putting in place the programs that we need to mitigate the risks and to adapt as well. If i may, to briefly on the hiatus. This is a major focus. The ipcc has always emphasi