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And despite what Vijay said, I did have the Buckeyes heading to the Final Four.
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(applause)
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I'm just saying.
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I think Selinger is going to have a big game tonight.
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(applause)
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And I promise you I didn't do it because I knew I was coming here
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-- because I am cold-blooded when it comes to filling out my brackets.
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(laughter)
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So I genuinely think you guys are looking good.
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And by the way, I just read somewhere that one in every four teams in the Sweet 16 is from Ohio.
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(applause)
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You've got Ohio State, Ohio University, Xavier -- (applause)
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-- Xavier is in -- Cincinnati.
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Audience:
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Booo --
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The President:
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I'm not going to get in the middle of this.
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(laughter)
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I do want to just say no state has ever done this before.
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So it's a testimony to Ohio basketball.
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(applause)
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And I want to thank Vijay for the outstanding introduction -- very much appreciate that.
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Now, this is our last stop on a trip where we've been talking about an all-of-the-above energy strategy for America -- a strategy where we produce more oil, produce more gas, but also produce more American biofuels and more fuel-efficient cars, more solar power, more wind power, more power from the oceans, more clean and renewable energy.
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(applause)
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More clean and renewable energy.
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You know what I'm talking about here, because this school is a national leader in developing new sources of energy and advanced vehicles that use a lot less energy.
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I just had a chance to take a tour of the Center for
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Automotive Research.
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Now, I admit the best part of it was seeing the Buckeye Bullet, which has gone over 300 miles an hour and is now shooting for 400 miles an hour.
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(applause)
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And I asked the guys who were helping to design this whether mom was going to let them actually test-drive this thing, and the answer was no.
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(laughter)
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Only professional drivers are permitted.
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But for anybody who's not familiar with this, the Buckeye Bullet is the fastest electric car in the world.
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(applause)
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The fastest in the world.
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I don't know who's going to need to go that fast.
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(laughter)
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But it is a testament to the ingenuity here at Ohio State and what is essential to American leadership when it comes to energy -- our brain power.
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I will say, though, when Malia gets her license in a few years, she will not be allowed to go 300 miles an hour.
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(laughter)
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Now, one of the reasons that I've been talking so much about fuel-efficient cars and new sources of energy is obviously because we're seeing another spike in gas prices right now.
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And that's tough on folks.
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I remember when I was a student, filling up was always tough.
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And gas prices are putting pressure not just on students but on a lot of families all across Ohio, all across the country.
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Whether you're trying to get to school, go to work, go grocery shopping, dropping off your kids, you've got to be able to fill up that gas tank.
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Right now, for most people you don't have a choice.
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So when prices spike, that tax hike feels like a -- or that gas spike feels like a tax hike coming right out of your pocket.
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That's part of the reason that we passed a payroll tax cut at the beginning of this year -- so that the average American would get an extra $40 in every paycheck to help offset the price of gas.
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(applause)
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So that's going to offer some relief.
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But the bigger question is how do we make sure that these spikes in gas prices don't keep on happening -- because we've seen this movie before.
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This happens just about every year.
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This happened this time last year.
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Gas prices were even higher in the spring and summer of 2008.
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It has been going on for years, for decades.
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And every time prices start to go up -- especially during an election year -- politicians, they start dusting off their 3-point plan for $2.00 gas.
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(laughter)
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Although this year, they decided it was going to be $2.50.
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(laughter)
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This year they decided it was going to be $2.50.
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Now, I don't know where they pick that number, $2.50.
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Because it could have been $2.40, I guess.
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They could have said $2.10.
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They could have said 50 cents a gallon.
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But they all make the same promise.
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They head down to the gas station and they make sure a few cameras are following them, and then they tell you how we're going to have cheap gas forever if you just vote for them.
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And it has been the same script for 30 years -- the same thing.
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It has been like a bad rerun.
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And when you ask them, what specifically is your -- (audience interruption)
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Sir, I'm here to speak to these folks.
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You can hold your own rally.
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(applause)
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You're being rude.
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(applause)
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Sir, we're trying to talk to these people.
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(applause)
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I'll be happy to read your book -- if you want to give me your book, I'll be happy to read it.
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But don't interrupt my conversation with these folks, all right?
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(applause)
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Show me some courtesy.
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(applause)
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Show me some courtesy.
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I'll be happy to take your book.
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But don't interrupt everybody else.
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All right?
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Okay.
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Now, where was I?
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(laughter)
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Go ahead and get that book from him, guys.
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He wants to give me a book.
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Please feel free to grab it.
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You're touting this book -- make sure that you've given it to us.
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All right, now that we've gotten that settled.
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(laughter)
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Now, the question is, why is it that every year we hear the same story about how we're going to have $2 gas, or $1.50 gas, or whatever price they come up with, if we would just drill for more oil?
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That's the solution that you always here.
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Prices will immediately come down and all our problems will go away -- like magic.
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There are two problems with that.
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First of all, we have been drilling.
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