Video archive of the US Congress

House Proceeding 03-18-09 on Mar 18th, 2009 :: 2:26:10 to 2:29:35
Total video length: 4 hours 20 minutes Stream Tools: Stream Overview | Edit Time

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Joseph R. Pitts

2:25:35 to 2:26:15( Edit History Discussion )
Speech By: Joseph R. Pitts

W. Todd Akin

2:26:06 to 2:26:26( Edit History Discussion )

W. Todd Akin: are now re repealing reform that the congress passed back in 1996. now there is an incentive fro the federal government to the states, 80% match. mr. akin: reclaiming my time, i would like to get right up because we are talking about something that has been happening today. this is on the news.

W. Todd Akin

2:26:10 to 2:29:35( Edit History Discussion )
Speech By: W. Todd Akin

W. Todd Akin

2:26:27 to 2:26:47( Edit History Discussion )

W. Todd Akin: i think this is a very intereing scenario. what happened a couple of weeks ago first of all, you had this tremendous expensive bill that was stimulus that i call porkulous. it came to the floor. the republicans voted no because it was way too much money and we didn't have a chance to know

W. Todd Akin

2:26:48 to 2:27:08( Edit History Discussion )

W. Todd Akin: what was in it. who knew what was in it? senator dodd knew that he had allowed these executives from a.i.g. to have this $165 million in bonuses for shipwrecking their company. now what we have going on is, we find out that in testimony today that the administration knew

W. Todd Akin

2:27:09 to 2:27:33( Edit History Discussion )

W. Todd Akin: that this was in the bill. obviously they would have probably had some people scan it before the president signed it. so now the president, the administration was aware that this was in the bill, that the executives were going to get their $165 million and put in there by a senator who by the

W. Todd Akin

2:27:36 to 2:27:56( Edit History Discussion )

W. Todd Akin: way, had a loan for 3% on his home, who was also one of the very first -- got more money from a.i.g. than any other congressman. a.i.g. gave him over $100,000 in 2008. the only second-place contender was the president. so the president and the senator both received over $100,000 from

W. Todd Akin

2:27:57 to 2:28:17( Edit History Discussion )

W. Todd Akin: a.i.g. this amendment was slipped in to this bill and we didn't know it when we voted no on the bill. so what's g tomorrow and i'm going to finish what's going to happen tomorrow. this is like a little case study, because now the democrats have put this amendment in,

W. Todd Akin

2:28:18 to 2:28:38( Edit History Discussion )

W. Todd Akin: these executives are getting the $165 million and the public is going crazy. they're mad and ready for somebody's scalp. so we're going to bring a bill to the for that says we are going to tax these executives at a rate of 90% . well, that's interesting, isn't it? we knew they were going to get paid and now we want to put the

W. Todd Akin

2:28:39 to 2:29:01( Edit History Discussion )

W. Todd Akin: tooth paste back in the tube. we are going to tax specific people at 90%, which is unconstitutional. how would you like it if someone could single you on your block and tax you at 90% and not anyone else? it's completely unconstitutional. they are going to bring a bill to tax these guys and americans

W. Todd Akin

2:29:02 to 2:29:22( Edit History Discussion )

W. Todd Akin: may think this is a pretty good idea and if we vote no because it's unconstitutional we look like we are defending people who are getting $165 million for crashing this company. so that's a pretty clever thing to do. it's a good diversionary -- i thought it was a brilliant piece of strategy to try to cover the

W. Todd Akin

2:29:23 to 2:29:36( Edit History Discussion )

W. Todd Akin: fact that the democrat party knew that this was -- did not take any actions and now people are mad. so what we're going to do is start this unconstitutional policy of taxing somebody.

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