Biden clashed with some Republicans after the president accused the GOP of wanting to cut Social Security and Medicare.
"Today, we're in the strongest position in decades to compete with China or anyone else in the world," Biden said.
"I am committed to work with China where it can advance American interests and benefit the world. But make no mistake: as we made clear last week, if China's threatens our sovereignty, we will act to protect our country. And we did," he said.One moment that elicited some laughs from Republicans was when President Biden said that the U.S. would need oil for at least another 10 years. That remark appears to have been a departure from his prepared speech.
"Have you noticed big oil just reported its profits, record profits?" Biden said."Last year, they made $200 billion in the midst of a global energy crisis. I think it's outrageous. Why? They invested too little of that profit to increase domestic production, and when I talked to a couple of them.
"I said, 'We're going to need oil for at least another decade,'" the president said, prompting some laughter.At one point in his speech, some Republicans in the chamber interrupted the president when he
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