House Proceeding on Feb 28th, 2007 :: 2:34:37 to 2:36:12
Total video length: 10 hours Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:50 Duration: 0:01:35 Discussion

Previous speech:

Next speech:

2:34:24 to 2:34:37( Edit History Discussion )

Barney Frank: investments they could have made. instead incredibly a series of people from the white house, various offices, from the departments did not see this coming. and in consequence they gave an approval

2:34:37 to 2:34:51( Edit History Discussion )

Joseph Crowley: which led to an entirely predictible outcry in the country. our job, mr. chairman, is to prevent this great lapse in judgment by the bush administration over the dubai situation from leading

2:34:37 to 2:36:12( Edit History Discussion )
Speech By: Joseph Crowley

2:34:51 to 2:35:06( Edit History Discussion )

Joseph Crowley: to bad public policy that would extend to restricting and discouraging foreign direct investment in general. members should be very clear when we talk about foreign direct investment, all three words

2:35:06 to 2:35:18( Edit History Discussion )

Joseph Crowley: are important, we are not talking about buying equities. we are not talking about foreign countries holding our debt. which can be problematic. we are talking about foreign investors, mostly,

2:35:18 to 2:35:37( Edit History Discussion )

Joseph Crowley: in some cases government, but mostly private investors, taking money and investing it in real economic activity in the u.s. that's what direct investment means. and that inevitably -- not

2:35:37 to 2:35:49( Edit History Discussion )

Joseph Crowley: inevitably, that in fact will produce more economic activity here. it is very much in our interest as a nation to have people investing in real economic activity. that creates jobs. that

2:35:49 to 2:36:01( Edit History Discussion )

Joseph Crowley: creates taxation for local governments. that creates the kind of economic activity that we thrive on. the fear again was that others -- in other parts of the world seeing the reaction to

2:36:01 to 2:36:12( Edit History Discussion )

Joseph Crowley: dubai would say, you know what, we better not invest there. one of the great assets america has economically is that we are about as stable a place as there is in the world to invest your

2:36:12 to 2:36:28( Edit History Discussion )

Michael T. McCaul: money. this is a problem. it's a problem for russia. russia is suffering, i believe, legitimately because of concern from people that if they invest in russia their investments will not be as