House Proceeding on Oct 2nd, 2008 :: 0:13:54 to 0:20:00
Total video length: 1 hours 52 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:1,532 Duration: 0:06:06 Discussion

Previous speech:

Next category: Timeshift

0:13:07 to 0:14:32( Edit History Discussion )
Speech By: Sam Farr

0:13:46 to 0:13:55( Edit History Discussion )

Sam Farr: bill. the best thing that came out of the past 10 days is that government became responsible for governing the affairs of this nation in a bipartisan manner. now, let's hope that this

0:13:55 to 0:14:05( Edit History Discussion )

Sam Farr: house follows the leadership of the senate last night in passing a responsible recovery plan. in the end, it's the institutions of government that have to regain confidence. let's hope that this

0:14:05 to 0:14:14( Edit History Discussion )

Sam Farr: november election will elect leadership that can restore that confidence to the nation and the world. the speaker pro tempore: for what purpose does the gentleman from south carolina rise?

0:14:14 to 0:14:23( Edit History Discussion )

Sam Farr: mr. wilson: mr. speaker, i ask permission to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. mr. wilson: mr. speaker,

0:14:23 to 0:14:32( Edit History Discussion )

Joe Wilson: the econom ic recovery bill we have before us does not include every free market idea i believe will improve it. but when the retirement savings of hard-working americans are threatened, when

0:14:32 to 0:14:41( Edit History Discussion )

Joe Wilson: businesses start to fail, jobs begin to dry up, or jobs of american taxpayers are in dapinger, it is clear that the price of doing -- danger, it is clear that the price of doing nothing far exceeds

0:14:32 to 0:15:35( Edit History Discussion )
Speech By: Joe Wilson

0:14:41 to 0:14:53( Edit History Discussion )

Joe Wilson: the price of what we're considering. small businesses and families are the heart of this bill. they did not cook the books, so make bad financial decisions. they had faith in the free market and

0:14:53 to 0:15:05( Edit History Discussion )

Joe Wilson: worked hard for their success. this bill is an imperfect option and a tragic -- in a tragic situation but it protects jobs and taxpayers, it provides transparency and oversight to treasury,

0:15:05 to 0:15:15( Edit History Discussion )

Joe Wilson: it provides free market alternatives like insurance loans and an increase in the fdic cap. and it helps keep taxpayers from paying an even higher price for the misdeeds of wall street.

0:15:15 to 0:15:24( Edit History Discussion )

Joe Wilson: in conclusion, god bless our troops and we will never forget september 11. the speaker pro tempore: the time has expired. for what purpose does the gentleman from oregon rise? mr. defazio:

0:15:24 to 0:15:35( Edit History Discussion )

Peter A. DeFazio: to address the es house for one minute. the speaker pro tempore: without objection, so ordered. mr. defazio: the legislation the house will take up tomorrow that was jammed through the senate

0:15:35 to 0:15:50( Edit History Discussion )

Peter A. DeFazio: last night will do nothing for the weakening fundamentals in the united states. it isn't going to help with declining housing prices, foreclosures, job loss, income disparity, lack of health

0:15:35 to 0:16:55( Edit History Discussion )
Speech By: Peter A. DeFazio

0:15:50 to 0:16:00( Edit History Discussion )

Peter A. DeFazio: care. none of those will be addressed. crumbling infrastructure. it is not aimed at the real economy. it's aimed at the froth, the speculative activity and the bad bets made by wall street

0:16:00 to 0:16:11( Edit History Discussion )

Peter A. DeFazio: executives. now, they report this is necessary to free up credit. some say i am voting for the bill because it lifts the fdic limit. the administration can do that without spending $700 billion.

0:16:11 to 0:16:26( Edit History Discussion )

Peter A. DeFazio: they are going to say, i'm doing it because it changed the mark-to-market rules. those are critical to my banks in oregon, but you can do that without spending $700 billion with a stroke of the pen.

0:16:26 to 0:16:39( Edit History Discussion )

Peter A. DeFazio: it leaves out one critical measure that would take legislation. it's not in here. we are going to spend $700 billion to solve a problem that t could perhaps be resolved for no cost to the

0:16:39 to 0:16:55( Edit History Discussion )

Peter A. DeFazio: american taxpayer. and then let's -- if we are going to borrow money, borrow it to invest in american's main street, not wall street. the speaker pro tempore: members should heed the sound

0:16:55 to 0:17:05( Edit History Discussion )

Ted Poe: of the gavel. for what purpose does the gentleman from texas rise? mr. poe: i ask permission to address the house for one minute. the speaker pro tempore: without objection.ou mr. poe: mr. speaker,

0:17:05 to 0:17:14( Edit History Discussion )

Ted Poe: the bill to bail out the elite financial industry in new york that caused this mess failed this house but our senate colleagues are sending us a new bill. four times longer than the 100-page

0:17:10 to 0:18:25( Edit History Discussion )
Speech By: Ted Poe

0:17:14 to 0:17:28( Edit History Discussion )

Ted Poe: bill rejected by us. the bill to stabilize the financial industry is now packed with squeaky pork. one would ask what does pork have to do with the financial industry? well, nothing, of course.

0:17:28 to 0:17:42( Edit History Discussion )

Ted Poe: but the senate bill with the piglets will help these entities. new tax earmarks for film and il tv productions, litigants in the exxon incident. wooden arrows designed by schoolchildren.

0:17:42 to 0:17:50( Edit History Discussion )

Ted Poe: there are more tax earmarks. auto racing tracks, indian tribes, rural research and get this one, virgin island and puerto rico rum. i'm not making this up, mr. speaker. there are more breaks

0:17:50 to 0:18:03( Edit History Discussion )

Ted Poe: for the railroads and the mining industry. none of these breaks solve our banking and financial crisis. why are they in this bill? the house needs to deal with this financial situation to

0:18:03 to 0:18:14( Edit History Discussion )

Ted Poe: make sure those respon ssible are held accountable and the american taxpayers are not going to go broke paying for this banking rescue and that's just the way it is. the speaker pro tempore:

0:18:14 to 0:18:31( Edit History Discussion )

Ted Poe: for what purpose does the gentlewoman from ohio rise? capelinhos i rise to address the house for one minute. the speaker pro tempore: without objection. capelinhos mr. speaker, as the house approaches

0:18:30 to 0:19:11( Edit History Discussion )
Speech By: Marcy Kaptur

0:18:31 to 0:19:11( Edit History Discussion )

Marcy Kaptur: a vote on the senate's -- ms. kaptur: mr. speaker, as the hoaches approaches the vote -- approaches a vote on the senate's financial bill, there is a credit crunch facing our banks. we must use