February 25, 2015 - Congressman McClintock delivered the following remarks on the House floor regarding the President's veto of the Keystone Pipeline:
Mr. Speaker:
For more than six years, the President has called for taxpayer-funded infrastructure projects. In the first year of his administration, he squandered nearly a trillion dollars on so-called shovel ready projects that he later joked weren’t shovel ready at all.
A trillion dollars is $8,000 taken from every family in America on average – that’s what we spent – that’s what he joked about when it turned out we got very little for it.
Along comes the Keystone Pipeline. It promised $8 billion of private investment at no cost to taxpayers. That major infrastructure project would have produced 42,000 construction-related jobs – and when finished, more than a half-million barrels A DAY of Canadian crude oil entering the American economy.
That’s what he vetoed, after it was sent to him with bi-partisan votes out of both houses.
He calls this “middle class economics.” The reality is, it is a war on the middle class, and that’s no joke.
