Perry speech: Next US economic boom is energy

Published October 14, 2011 4:00am ET



Below are excerpts from Rick Perry’s upcoming economic speech to be delivered in Pittsburgh, Pennsylvania:

The central issue facing Americans is a lack of jobs. Fourteen million Americans are without work. One in six Americans cannot find a full-time job. Forty-five million Americans are on food stamps. And 48 percent of American households have at least one resident receiving government benefits.

Though our president has labeled Americans as soft, I believe our people have toughed it out the best they can. But they are looking for leadership and optimism which are all too rare in Washington today. What I am proposing today is the first part of an economic growth package that will rebuild the engine of American prosperity. The plan I present this morning –

Energizing American Jobs and Security – will kick-start economic growth and 1.2 million American jobs. It can be implemented quicker and free of Washington gridlock because most of it does not require congressional action. Through a series of executive orders and other executive actions we will begin the process of creating jobs soon after the inauguration of a new president.

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My plan is based on this simple premise: Make what Americans buy. Buy what Americans make. And sell it to the world. We are standing atop the next American economic boom…energy. The quickest way to give our economy a shot in the arm is to deploy American ingenuity to tap American energy. But we can only do that if environmental bureaucrats are told to stand down. My plan will break the grip of dependence we have today on foreign oil from hostile nations like Venezuela and unstable nations in the Middle East to grow jobs and our economy at home.
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Right here in Pennsylvania and across the state line in West Virginia and Ohio we will tap the full potential of the Marcellus Shale and create another 250,000 jobs by getting the EPA out of the way. The benefits of the boom in American natural gas production are also demonstrated in manufacturing and production. We see that right here at U.S. Steel’s Mon Valley Works Plant that employs more than three thousand workers many of whom make the steel products other companies use to develop the Marcellus Shale today. The face of manufacturing in industrial states has changed rapidly.

Natural gas exploration is a game-changer that can bring new opportunities to replace the ones that have been lost. Development of natural gas will create jobs in the supply chain and lead to lower energy costs for manufacturers.
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While President Obama has been very public about his newest jobs proposal behind the scenes the permanent bureaucracy is working to grind the economy to a halt in pursuit of activist regulations. A raft of new rules and foot-dragging by the EPA and Interior Department are killing job creation.
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The choice this election is between two very different visions for our country. When it comes to energy, the President would kill domestic jobs through aggressive regulations while I would unleash 1.2 million American jobs through safe and aggressive energy exploration at home.

President Obama would keep us more dependent on hostile sources of foreign energy, while my plan would make us more secure by tapping America’s true energy potential. His energy policies are driven by the concerns of activists in his party, my policies are driven by the concerns of American workers without jobs. We must get America working again.