Barack Obama in Meet the Press: Meet the Candidates 2008 series, with Tim Russert

On Energy & Oil: Gas tax holiday is a classic Washington gimmick

A: You're right; this defines the difference between myself and Senator Clinton This gas tax, which was first proposed by John McCain and then quickly adopted by Senator Clinton, is a classic Washington gimmick. It is a political response to a serious problem that we have neglected for decades. Here's the upshot. You're looking at suspending a gas tax for three months. The average driver would save 30 cents per day for a grand total of $28. That's assuming that the oil companies don't step in and raise prices by the same amount that the tax has been reduced.

On Energy & Oil: Voted for failed IL gas tax holiday & learned from mistake

A: I have some experience on this because in Illinois we tried this when I was in the state legislature, and that's exactly what happened. The oil companies, the retailers were the ones wh ended up benefiting.

Q: But you voted for it.

A: I did.

Q: When gas was only $2 a gallon.

A: I voted for it, and then six months later we took a look, and consumers had not benefited at all, but [the state] had lost revenue.

Q: So you learned from a wrong vote.

A: Yeah, I learned from a mistake. And, in addition, this would come out of the Federal Highway Fund that we use to rebuild our roads and our bridges. Now, Sen. Clinton says that she's going to use the windfall profits tax to fill it, but she's already said that she's going to use the windfall profits tax to invest in clean energy. More importantly, nobody thinks that George Bush is actually going to sign a law for windfall profits taxes, so that's not going to happen this summer.

On Energy & Oil: $150B investment over 10 years to reduce oil usage by 35%

A: If we decided right now that we were going to make the kind of investment I've proposed--$150 billion over 10 years--then I think at the end of the decade we could have a auto industry that has significantly reduced our consumption of oil by as much as 35% or 40%. The technologies exist right now for plug-in hybrids. We should continue to investigate the possibilities of electric cars. The problem is that we have not been serious about it, and Detroit ended up making investments in SUVs and large trucks because that's where they perceived a competitive advantage and that's where they felt they could make the most profit. I think it was a mistake for them not to plan earlier. Now we're seeing a huge growth in fuel-efficient cars that is benefiting the Japanese automakers, and Detroit is getting pounded some more. And I think that we can make those cars here in the US.

On Energy & Oil: Figure out how to sequester carbon and burn clean coal

A: I think we do have to look at nuclear, and what we've got to figure out is can we store the material properly? Can we make sure that they're secure? Can we deal with the expense? My attitude when it comes to energy is there's no silver bullet. We've got to look at every possible option. You know, I've said the same thing about coal. I have a aggressive goal of reducing carbon emissions, and coal is a dirty fuel right now. But if we can figure out how to sequester carbon and burn clean coal, we're the Saudi Arabia of coal, and I don't think that we can dismiss out of hand the use of coal as part of our energy mix. What we are going to have to understand, though, is that global warming is real, it is serious and that whatever options we come up with, if they are not addressing the fact that the planet is getting warmer, then we are failing not just this generation, but future generations.

On Environment: Willing to suspend ethanol subsidy to keep food prices down

A: We've got rising food prices here in the US. In other countries we're seeing riots because of the lack of food supplies. So this is something that we're going to have to deal with. There are a number of factors that go into this. Changes in climate are contributing. There's no doubt that biofuels may be contributing to it. My top priority is making sure that people are able to get enough to eat. And if it turns out that we've got to make changes in our ethanol policy to help people get something to eat, then that's got to be the step we take. But I also believe that ethanol has been a important transitional tool for us to start dealing with our long-term energy crisis ultimately. Over time we're going to shift to cellulosic ethanol, where we're not using food stocks but we're using wood chips & prairie grass.

On Principles & Values: I joined church to commit to Christ, not to Rev. Wright

A: Well, obviously it's distracted us. I mean, we ended up spending a lot of time talking about Reverend Wright instead of talking about the issues. And so it wasn't welcome. But, you know, I think that the American people understand that when I joined Trinity United Church of Christ, I was committing not to Pastor Wright, I was committing to a church and I was committing to Christ. And it is a wonderful church. It's a member of the United Church of Christ, a denomination that dates back to the battles around abolition. And, as a consequence, when Rev. Wright, who married me and baptized our children, when I learned of his statements that I found so objectionable, I felt that they didn't define him. I don't think Rev. Wright's [more recent comments] represented well the church. And I had to make a clear statement [against Wright]. Hopefully we've been able to put it behind us.

On War & Peace: Iran is biggest strategic beneficiary of invasion of Iraq

A: Well, let me not speculate yet. I want to take a look at the kind of evidence that the administration is putting forward, & what these plans are exactly. As commander in chief, I don't take military options off the table and I think it's appropriate for us to plan for a whole host of contingencies. But let's look at the larger picture. Iran has been the biggest strategic beneficiary of our invasion of Iraq, they are stronger because of our decision to go in; and what we have to do is figure out how are we going to recalibrate our strategic position in the region. I think that starts with pulling our combat troops out of Iraq.

On War & Peace: Military surge in Afghanistan to eliminate the Taliban

A: Yes. I think that's what we need. I think we need more troops there, I think we need to do a better job of reconstruction there. I think we have to be focused on Afghanistan. It is one of the reasons that I was opposed to the war in Iraq in the first place. We now know that al-Qaeda is stronger than any time since 2001. They are growing in capability. That is something that we've got to address. And we're also going to have to address the situation in Pakistan, where we now have, in the federated areas, al-Qaeda and the Taliban setting up bases there. We now have a new government in Pakistan. We have an opportunity to initiate a new relationship, so that we can get better cooperation to hunt down al-Qaeda and make sure that that does not become a safe haven for them.

On War & Peace: 2002: Iraq will require US occupation of undetermined length

CLINTON: In Sen. Obama's recent book, he clearly says he thought that Saddam Hussein had chemical and biological weapons, and that he still coveted nuclear weapons. By the summer of 2004, Sen. Obama said he wasn't sure how he would have voted.