so, we re $50 mort of that, and now joe biden says i m cutting deals with these oil companies that are gouging. and so, essentially asking the oil companies to bail them out and that is why our white house correspondent asked this pointed question of the spokesperson. you are asking oil companies to further lower gas prices. what makes you think that they are going to listen to an administration that is ultimately trying to put them out of business? how is the administration trying to put them out of business? well, they produce fossil fuels. and this president president says he wants to end fossil fuels. so, look, you kind of asked me this question yesterday. and here s where what we would say. u.s. oil production is up and on track to reach a record high next year. oil companies are raking in record profits while more than 9,000 approved drilling permits
drilling permits remain untapped by the oil industry. at the same time, u.s. oil production is up, and on track to reach a record high this year. again, a record high. in fact, the united states has produced more oil in president biden s first year than under the trump administration s first year. we are going to move on. john: all right, our peter doocy in his daily go around with karine jean-pierre, asking about oil prices there, and oil production. thought it was interesting, sandra, a question he asked, if the president has been focused on inflation and keeping the economy strong, why are we barrelling toward an economy and if inflation and the economy are his top priority, why did he say the first order of business after the new congress comes in would be to pass legislation codifying a woman s right to abortion into law. sandra: and challenged on pointing to the american rescue plan as how the president has been focused on the domestic
As Labor Day draws near, so too does the return of Congress, something every American should fear.While the House of Representatives is clearly controlled by a majority of Democrats, the Senate is made up of a coalition of 49 Democrats and two independents. One of those independents is the self-proclaimed socialist from Vermont, Bernie Sanders. Because the Democrat alliance with a socialist controls only 51 out of 100 seats in the Senate, Sanders is an integral and necessary member of the governing union of the left and the far left.
klobuchar. senator klobuchar, thanks so much for joining us. thanks, jim. it s great to be on again. you have a busy week ahead but also progress. joe manchin has made the point that in different times, a bill like this that, for instance, has trade-offs between green tax incentives but also more drilling permits for fossil fuel companies, that in a different time, this would get bipartisan support. what does it say to you that that s not even a question at this point? i can t really explain it because this is the inflation reduction act and our republican colleagues have been very focused on things in the past like deficit reduction and this actually reduces the deficit by $305 billion and it also, which i think is key, puts in a corporate minimum tax of 15% which really creates an even playing field for small businesses and retailers and
joe manchin has made the point that in different times, a bill like this that, for instance, has trade-offs between green tax incentives but also more drilling permits for fossil fuel companies, that in a different time, this would get bipartisan support. what does it say to you that that s not even a question at this point? i can t really explain it because this is the inflation reduction act and our republican colleagues have been very focused on things in the past like deficit reduction and this actually reduces the deficit by $305 billion and it also, which i think is key, puts in a corporate minimum tax of 15% which really creates an even playing field for small businesses and retailers and others that have been paying taxes as well as regular people. that is how we get that money for that deficit reduction which every economist who is including ones who have been