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Video archive of the US Congress

House Proceeding 01-28-09 on Jan 28th, 2009 :: 3:36:00 to 3:40:25
Total video length: 3 hours 52 minutes Stream Tools: Stream Overview | Edit Time

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Eric Cantor

3:35:57 to 3:36:19( Edit History Discussion )

Eric Cantor: sooner or later we have to hoover time. the time for action is now. the cha: the gentleman yields back the balance of his time. the gentleman from michigan. mr. camp: i yield four minutes to the distinguished minority whip, a leader on developing the substitute, the gentleman from virginia, mr. cantor. the chair: the gentleman is recognized for four minutes.

Eric Cantor

3:36:00 to 3:40:25( Edit History Discussion )
Speech By: Eric Cantor

Eric Cantor

3:36:20 to 3:36:42( Edit History Discussion )

Eric Cantor: mr. cantor: i thank the gentleman. as the economy goes further into recession, all of us, all of us understands that this house needs to take concrete action to lift us and help lift america's families out of this crisis. we republicans support this will alternative, because we believe

Eric Cantor

3:36:43 to 3:37:03( Edit History Discussion )

Eric Cantor: it is a true stimulus bill. it does not take us into headlong, soaring debt and lead to future tax increases. this alternative is based on the increases. this alternative is based on the premise that if we're going

Eric Cantor

3:37:04 to 3:37:24( Edit History Discussion )

Eric Cantor: to pass a stimulus bill, it has to be focused like a razor's edge on the protection, preservation and creation of jobs. mr. chairman, we cannot support the majority's alternative. although we do understand that this is a work in progress,

Eric Cantor

3:37:25 to 3:37:46( Edit History Discussion )

Eric Cantor: although we do understand and we've spen with the president who says he has no pride of authorship, he wants us to continue to be proud of the process, he wants this to be a stimulus bill, mr. chairman, this bill is not that. with the amount of spending in

Eric Cantor

3:37:47 to 3:38:07( Edit History Discussion )

Eric Cantor: this bill, we could, we could dedicate it solely to job creation. much of what the other side has continued to say and cont to promote perhaps may be laudable goals and good programs. but when you have 36 billion of additional new programs in

Eric Cantor

3:38:08 to 3:38:29( Edit History Discussion )

Eric Cantor: this bill, you've got to ask, how stimulative are these new programs? what about the small businesses, the entrepreneurs, the self-employed that are out there who don't want more government programs, they just need a break? they need to know their government will not keep borrowing money and laying debt

Eric Cantor

3:38:30 to 3:38:50( Edit History Discussion )

Eric Cantor: onto our children to the tune of trillions of dollars a year. they want meaningful incentives so they can get back off the sidelines, put capital to work and create jobs. now, mr. chairman, i would say that the congressional budget office has already opined several times on the lack of stimulus in the majority's

Eric Cantor

3:38:51 to 3:39:15( Edit History Discussion )

Eric Cantor: bill. in fact, some estimates say only 12 cents on the dollar could arguably be stimulative. mr. chairman, there are additional voices who have spoken out, democrats and republicans. the incoming head of the council of economic advisors

Eric Cantor

3:39:16 to 3:39:36( Edit History Discussion )

Eric Cantor: for the obama white house says in her analysis, if it is applied as we have applied, as some of the folks who have used her analysis and her formula to your bill that our alternative creates twice as many jobs at half the cost. and that's what we ought to be about in this house. is trying to figure out how we

Eric Cantor

3:39:37 to 3:39:57( Edit History Discussion )

Eric Cantor: can do things that work at less cost to the taxpayer. i'd also say, mr. chairman, the economic expert from the clinton administration also opined and said, you know what? the majority's bill has terrific amounts of spending in it and they may be laudable and

Eric Cantor

3:39:58 to 3:40:18( Edit History Discussion )

Eric Cantor: -- but they're long-term investment programs. so we need, she says we need to separate out these long-term investment programs from what is stimulative. we have regular order in this congress so that the american people can participate, we can be deliberative and get it right on the long-term programs.

Eric Cantor

3:40:19 to 3:40:25( Edit History Discussion )

Eric Cantor: right now, mr. chairman, we ought to be about protecting the jobs that are out there and creating new ones again.

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