John McCain: Employee Town Hall 08/11/08

video John McCain: Employee Town Hall 08/11/08

Título: John McCain: Employee Town Hall 08/11/08

Autor: IssueAlliance

Descrição: John McCain Employee Town Hall Erie, PA 08/11/08 TRANSCRIPT: QUESTIONER: Well, I just had a question about the mass transit in this country like high-speed rail, electric, this kind of stuff that families could use to commute east and west, north and south and do it cheaply. JOHN MCCAIN: "[...] I think what you're doing here [at GE] is a natural extension of what you're going to see as an explosion of mass transit in America. Yeah. I can't tell you that I think the price of a barrel of oil is gonna come down dramatically. I'm happy to see, as you are, that it's come down some recently. But to somehow think that the price of a barrel of oil is gonna be very inexpensive again ignores the reality of two major economies--China and India--that are also competing for a finite resource. I mean, it's just a fundamental of economics. And so I think that mass transit is gonna be a very, very big factor. A lot of the cities are doing it. My own hometown of Phoenix, Arizona?we are involved in mass transit. And I'd also like to mention one other aspect of it: It seems, to me, that it's very much keyed to the efficiency of the mass transit. In other words, if you go do mag lab, if you do these other advance technologies that the price per passenger, per mile is dramatically lowered and, as the price of oil goes up?that goal, obviously isn't as hard to reach?but, if you can develop these technologies, which I am confident we will, that will carry a passenger further, at a?furthest?at a lower cost, we're gonna see an explosion of mass transit. I think you're gonna see of it?some of it like they're already talkin' about Dallas and Houston [...] Basically Amtrak, on the East Coast, is turning into a large, mass transit kind of an operation. I think you're gonna see the same thing on the West Coast and then obviously it will progress in the major cities in America. [...]" LABEL: JM PA 08-11 (JR#64) GKH - ClipA - LS To download a high res version of this clip, VISIT: http://issuealliance.box.net/shared/7rxupcucn6 To download the full campaign event, VISIT: http://issuealliance.box.net/shared/jknb2nu8c1

Duração: 3:11

Tags: alternative china energy gas GM india john mass mccain oil technology TRACKING transit