News

President Obama Says US Must Refine Energy Goals

U.S. President Barack Obama says the bailout of the auto industry saved more than one million jobs during the country's worst recession since the Great Depression.

During his weekly address Saturday, Obama said the revival of the top U.S. automakers also added more than 200,000 new auto industry jobs in the past two-and-a-half years.

President Obama says as part of the bailout agreement, automakers are required to start building more fuel efficient vehicles to help reduce the demand for foreign oil.  He says oil imports have been dropping in recent years, but the United States has to look at wind and solar power.

Obama wants Congress to end the $4 billion taxpayer subsides for profit making oil companies and focus on helping the development of renewable energy sources.

In the Republican address, Congressman Doc Hastings of Washington state accused President Obama of blocking projects to increase U.S. oil production, including the Keystone XL pipeline.

Hastings says his Republican colleagues have voted to remove barriers to develop new energy sources.

Watch Republican weekly address:

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Feature Story

Protesters Storm Burkina Faso Parliament

Photogallery Protesters Storm Burkina Faso Parliament

President Blaise Compaore's location unknown after unrest breaks out and gunfire heard near presidential palace; government drops controversial legislation that sparked unrest More

Special Reports