Senate Proceeding on Feb 13th, 2009 :: 3:52:00 to 3:56:45
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3:51:59 to 3:52:22( Edit History Discussion )

Max Baucus: mistake of this i thank the president and i yield back. the presiding officer: who yields time? the chairman from montana. mr. baucus: mr. president,

3:52:00 to 3:56:45( Edit History Discussion )
Speech By: Max Baucus
Bill: H.R. 1: American Recovery and Reinvestment Act of 2009

3:52:23 to 3:52:45( Edit History Discussion )

Max Baucus: president john f. and i quote "there are risks and cause of action but they are far less in the long-range risks and costs of comfortable inaction." president kennedy's observation applied well to the economic policies of 1930's.

3:52:46 to 3:53:08( Edit History Discussion )

Max Baucus: 1930's and early 1930's we wonder what our leaders must have been thinking. with the benefit see they should have acted more forcefully. we see they should have used the tools of government to increase the demands services in the economy. by failing to act to spur

3:53:09 to 3:53:30( Edit History Discussion )

Max Baucus: our leaders prolong the great depression -- prolonged the great depression. by seeking to b in the face of economic decline, our leaders only worsened that decline. and president kennedy's adage of action applied well again, to the economic policies of our time. yes, there are risks and costs

3:53:31 to 3:53:51( Edit History Discussion )

Max Baucus: to the bold recommend today. but those than the long-range risks and costs of failing to act forcefully. since this resex -- recession began 6.6 million americans have already lost their jobs and job

3:53:52 to 3:54:13( Edit History Discussion )

Max Baucus: loss is accelerating. in each of the last three months, more than half a million american workers lost their jobs economists warn that the worst is yet to come. last month, before the latest bad news, the congressional budget o

3:54:14 to 3:54:36( Edit History Discussion )

Max Baucus: profesonal organization, said -- quote -- "under an assumption that current laws and policies regarding federal tending and taxation remain the same c.b.o. forecasts unemployment rate that will exceed 9% early in the year 2010." those are the costs of inaction.

3:54:37 to 3:54:58( Edit History Discussion )

Max Baucus: the costs of inaction will be paid with millions more lost jobs. the costs of inaction will be paid by the heartache of millions of families plunged into economic hardship. and so with the leadersp of our new presidente have sought to act forcefully.

3:54:59 to 3:55:20( Edit History Discussion )

Max Baucus: we have put together this 87 billion package designed to help bring we have assembled this package designed to create and save jobs. and the day before yesterday, the congressional budget office said that it will work. the congressional budget office, again, nonpartisan professional organization, said that -- quote

3:55:21 to 3:55:45( Edit History Discussion )

Max Baucus: -- "the legislation would increase employment by 1.2 million to 3.6 million by the fourth quarter of 2010." that's an done by professional analysts. and the administration agrees. the administration projects that the legislation before us would

3:55:46 to 3:56:06( Edit History Discussion )

Max Baucus: create or save 3.5 million jobs. that's what this debate is about, mr. president. it's about creating or saving millions of jobs. it's about acting forcefully to avoid yet more hardship. it's about avoiding the far greater risks of inaction.

3:56:07 to 3:56:28( Edit History Discussion )

Max Baucus: the hit of the 1920's and the 1930's teaches us what we must do. the history of the great depression teaches us the costs of delay. this recession is the economic test of our generation spending to it with forceful action is our duty.

3:56:29 to 3:56:45( Edit History Discussion )

Max Baucus: let us not be found wanting. and so let us in the find comfort in no votes and the blocking of action; ratr, let us rise to the challenge of our generation and let us finally send this jobs