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Ted Cruz: “In the mid-1980s, oil prices crater and his parents business…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Ted Cruz Presidential Announcement Full Speech

Published | Video Starts at 09:12

Beginning to study the United States Constitution. Learning about the incredible protections we have in this country that protect the God given liberty of every American. Experiencing challenges at home. In the mid-1980s, oil prices crater and his parents business go bankrupt. Heading off to school over a thousand miles away from home at a place where he knew nobody, where he was alone and scared and his parents going through bankruptcy meant there was no financial support at home. (09:12–09:20)

CLAIM

Asserts that in the mid-1980s, oil prices fell significantly, leading to his parents' business bankruptcy.

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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