House Proceeding on Oct 2nd, 2008 :: 0:17:10 to 0:18:25
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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