House Proceeding on Oct 2nd, 2008 :: 0:15:35 to 0:16:55
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0:14:32 to 0:15:35( Edit History Discussion )
Speech By: Joe Wilson

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,