Video archive of the US Congress

House Proceeding on Jan 22nd, 2009 :: 2:11:05 to 2:12:15
Total video length: 2 hours 47 minutes Stream Tools: Stream Overview | Edit Time

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David Scott

2:10:48 to 2:11:08( Edit History Discussion )

David Scott: are better uses for money her wouldn't it be better to allow people to keep the money that they have earned rather than second it to washington -- send it to washington only to have some of it come back in a way that picks winners and losers in the economy? with that i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from georgia. mr. scott: i'll take one minute to respond briefly.

David Scott

2:11:05 to 2:12:15( Edit History Discussion )
Speech By: David Scott

David Scott

2:11:09 to 2:11:29( Edit History Discussion )

David Scott: i think what the gentleman is referring to is exactly what we're doing. no one has given up authority. we, in fact, yesterday passed a bill that reclaimed that authority that we thought we had had when we attempted to put some of these same mea place with the first billion and as you so eloquently

David Scott

2:11:30 to 2:11:51( Edit History Discussion )

David Scott: articulated, the bush administration disavowed all of that. we had many of the oversight measures we've got in this. we said it would go for the spoiled assets. but as you said, it didn't. and because of what we learned from that experience, we have done exactly what you're asking here.

David Scott

2:11:52 to 2:12:12( Edit History Discussion )

David Scott: the banks wouldn't lend and this measure th we passed out yesterday to accompany this, we've got a mechanism in place and which he can can measure the difference between -- in which we can measure the difference between the increase and decrease of the money these banks are lending. we'll get to that as far as oversight is concerned, we've made one step with a.i.g., it

David Scott

2:12:13 to 2:12:16( Edit History Discussion )

David Scott: worked out. when we put federal observers in

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