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House Proceeding on Jan 22nd, 2009 :: 1:29:15 to 1:32:45
Total video length: 2 hours 47 minutes Stream Tools: Stream Overview | Edit Time

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David Scott

1:29:01 to 1:29:22( Edit History Discussion )

David Scott: it won't work together. the speaker pro tempore: the gentleman from texas' time has expired. carolina reserves the balance of her time. the gentleman from massachusetts is rec mr. frank: i yield three minutes to the gentleman from georgia, mr. scott. the speaker pro tempore: the gentleman from georgia is recognized for three minutes. mr. scott: thank you very much,

David Scott

1:29:15 to 1:32:45( Edit History Discussion )
Speech By: David Scott

David Scott

1:29:23 to 1:29:45( Edit History Discussion )

David Scott: mr. chairman. you know, as i stand here it is very important for us to remember the words of our first secretary of the treasury, alexander hamilton. for it was alexander hamilton who said the greatness of a strong centralized government shines at its most brilliance at the moment and time of a

David Scott

1:29:46 to 1:30:08( Edit History Discussion )

David Scott: nation in crisis. we are in a crisis. we are in an agonizing, convoluting economic crisis of staggering magnitude. it is going to take us to have the wisdom and the smarts, just like our founding fathers did

David Scott

1:30:09 to 1:30:31( Edit History Discussion )

David Scott: to be able to respond. now, i want to just bring this into perective so the american people will know exactly what it is we are doing. and a most responsible way because i take great hombrage to some of my friends who wants to question the actionof some of us on

David Scott

1:30:32 to 1:30:53( Edit History Discussion )

David Scott: the democratic side who is not being good stewards of the taxpayers' money. we are being good stewards of the taxpayers' money. while unlike the first batch of 00 billion that the previous administration had, you talk about not being good stewards of the taxpayers' money, there you go. no strings attached, nothing.

David Scott

1:30:54 to 1:31:14( Edit History Discussion )

David Scott: the secretary of the treasury comes over and says he wants to use that 50 billion to get th does nothing but change his mind in the middle of the stream before we can get out of town, befo the oversight in, before we can even put the general inspector in and changes the direction of the money away from that

David Scott

1:31:15 to 1:31:35( Edit History Discussion )

David Scott: putting it into injections into the banking system. which one -- some would say had some good effect but it was not being a good steward of the taxpayers' money. so now we come with a brand new administration, the obama administration, whose first order of busins is to deal

David Scott

1:31:36 to 1:31:56( Edit History Discussion )

David Scott: with the significance of thi economic crisis. he's asking for this tool, a tool by the way which is the same tool that we gave to the previous administration. i say to you, this is surely as we honored the request of the previous administration, president bush, because we knew

David Scott

1:31:57 to 1:32:17( Edit History Discussion )

David Scott: we had a crisis, we know that crisis is 10 times worse today and we should be moving 10 times faster to give it to the barack obama administration. now, let me just say this because there's been a whole lot of talk about we need to make sure we do it right, we need to make sure we have the proper tools in place of

David Scott

1:32:18 to 1:32:39( Edit History Discussion )

David Scott: oversi well, in the leadership -- under the leadership of chairman frank we have done that with the ta we passed on yesterday. here's what it's got into it. it got the oversight -- may i have -- it's got the oversight in it. it's got the quarterly reporting, and, yes, to the dismay of some of our friends on the other side, we have a

David Scott

1:32:40 to 1:32:45( Edit History Discussion )

David Scott: requirement in here that we will have federal observers sitting in the board rooms when

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