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Dave McCormick: “There's about a trillion and a half dollars of capital…”

Featuring: Dave McCormick, Republican | U.S. Senate, Pennsylvania

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Extended interview: Sen. Dave McCormick on AI

Published | Video Starts at 11:57

That's a critical thing. The reason that's so critical, it gets those energy projects moving to meet this need. It's also a huge economic policy because There's about a trillion and a half dollars of capital that's sitting on the sidelines because it doesn't want to invest into this uncertain environment. Oh, I'm going to invest my capital. It's going to take 10 years to build a pipeline. So that's the number one thing that we can do to meet this growing surge of demand for artificial intelligence, data centers and so forth. (11:57–12:06)

CLAIM

Asserts that $1.5 trillion in capital is not being invested due to an uncertain environment.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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