This doesn’t make sense for our economy. It doesn't make sense for Americans who are looking for jobs. And it doesn't make sense for our future, To go backwards and scrap these plans means handing the
competitive edge to China and other nations. It means that we'll grow
even more dependent on foreign oil. And, at a time of economic
hardship, it means forgoing jobs we desperately need
Obama says in his weekly address that families have been "held hostage" to the price of oil and gas.
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