Video archive of the US Congress

House Proceeding on Mar 19th, 2009 :: 0:49:35 to 0:52:20
Total video length: 1 hours 27 minutes Stream Tools: Stream Overview | Edit Time

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Lloyd Doggett

0:49:31 to 0:49:51( Edit History Discussion )

Lloyd Doggett: in opposition to this stimulus package have in fact had the statement been made very, very clear. thspeaker pro tempore: the gentleman's time has expired. the gentlelady from maine. ms. pingree: mr. speaker, i yield two minutes to the gentle of the ways and means committee, mr. doggett. the speaker pro tempore: the minutes. mr. doggett: a.i.g., it's become short-hand for arrogant,

Lloyd Doggett

0:49:35 to 0:52:20( Edit History Discussion )
Speech By: Lloyd Doggett

Lloyd Doggett

0:49:52 to 0:50:13( Edit History Discussion )

Lloyd Doggett: irresponsible greed. the big difference between the a.i.g. insurance bootleggers and ponzi scheme felon bernie madeoff is that madeoff hasn't asked for a bailout yet, although taxpayers are providing him public housing in a prison. of course we wouldn't need to react so swiftly today about these outrageous bonuses if more

Lloyd Doggett

0:50:14 to 0:50:34( Edit History Discussion )

Lloyd Doggett: people had been willing to speak out not in january, but last september when the bush bailout provided almost unconditional terms and so many here accepted it, hook, line, and sinker. some of us urged last september the dangers of a bailout with no

Lloyd Doggett

0:50:35 to 0:50:56( Edit History Discussion )

Lloyd Doggett: effective limitation on executive compensation or on compelling american taxpayers to bail out the rest of the world. while today's bill is very important in restoring eisenhower level taxes to those who took these bailouts, we need to ensurehat it gets to the bonuses paid to foreign a.i.g. employees.

Lloyd Doggett

0:50:57 to 0:51:18( Edit History Discussion )

Lloyd Doggett: we need to question why t bailout helped a.i.g. provide 20 european banks almost $60 billion without asking them to sacrifice one red cent. the same arrogance and indifference to the struggles of american families that necessitate today's bill, they mean that some of the most creative people in the world are

Lloyd Doggett

0:51:19 to 0:51:41( Edit History Discussion )

Lloyd Doggett: already working to find ways around the bill. they'll use the same creativity they have had to dodge their tax responsibilities by going to these offshore tax havens. that and subsidiaries and other creative means we need to guard against in this legislation. meaningful reform means getting

Lloyd Doggett

0:51:42 to 0:52:03( Edit History Discussion )

Lloyd Doggett: behind thoroughly crafted legislation that returns accountability, transparency, responsibility, and the rule of law to markets that haven't had the rule of law for the last eight years. ever since the bush administration -- the speaker pro tempore: the gentleman's time has expired. mr. doggett: another 15 seconds. the speaker pro tempore: the gentleman isecognized for another 30 seconds. mr. doggett: every cent the bush administration insisted the

Lloyd Doggett

0:52:04 to 0:52:20( Edit History Discussion )

Lloyd Doggett: taxpayers fund what ha become almost bottomless bailouts, the problem has been battling the mindset that some folks are special. they are above responsibility for their actions above any public accountability. today's legislati important. it has been swift. it is an overdue step that

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