Obama On The Road

News

POSTED: Wednesday, June 2, 2010 - 3:56pm

UPDATED: Thursday, June 3, 2010 - 9:05am

President Obama travels to Pennsylvania for talk on the economy...

U.S. -- President Obama Wednesday pushed his plan for less reliance on oil as he celebrated a couple of upticks in the economic recovery.

As BP's "cut and cap" effort on the gulf floor faltered, Mr. Obama said
"the time has come, once and for all, for this nation to fully embrace a clean energy future."

It's a pitch for his energy bill that's stalled in the Senate.

The bill calls for more use of natural gas, building more nuclear plants and
ending tax breaks for companies like BP who now can write off oil they've pumped and sold as if it's oil leaked and lost.

Meanwhile, the U.S. economy looks healthier.

Both Ford and General Motors reported increased sales for the month of May.

U.S. home sales were up in April, the last month of a tax credit for buyers.

The upticks came despite the worsening economic crisis in Europe.

That concerns billionaire investor Warren Buffett.

"It's a dangerous situation, but but so far our recovering is coming along - we're hiring every week," he noted.

President Obama is taking credit, and hopes the case for his energy bill is getting stronger.

Right now the president does not have the votes in the Senate, but he has vowed today to find them.
 

Comments News Comments

Does not the president realize that his teleprompter is made out of oil too? How will he speak if he has nothing to lean on when he speaks?

Post new Comment