House Proceeding 04-06-06 on Apr 6th, 2006 :: 1:08:20 to 1:13:18
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1:04:14 to 1:08:20( Edit History Discussion )
Speech By: Thaddeus G. McCotter

1:08:03 to 1:08:20( Edit History Discussion )

Thaddeus G. McCotter: that and the "rpm 2night" entrepreneurial energy has been released. i reiterate my commitment and my hope that this collective congress continue the path we are on so states like mine can continue

1:08:20 to 1:08:32( Edit History Discussion )

Maurice D. Hinchey: on the path to recovery. i yield back the balance of my time. the chairman: the gentlelady from new york. mrs. maloney: i yield such time as he may consume to mr. hinchey of new york. the chairman:

1:08:20 to 1:13:18( Edit History Discussion )
Speech By: Maurice D. Hinchey

1:08:32 to 1:08:46( Edit History Discussion )

Maurice D. Hinchey: the gentleman is recognized for as much time as he may consume up to the four minutes that remains. mr. hinchey: how much time? the chairman: four minutes. mr. hinchey: i thank you very much,

1:08:46 to 1:09:00( Edit History Discussion )

Maurice D. Hinchey: mr. chairman and thank my friend and colleague from new york for her leadership on this joint economic committee. as we have heard over the course of the period of this debate, we have had in

1:09:00 to 1:09:17( Edit History Discussion )

Maurice D. Hinchey: the last five years huge amounts of economic stimulation in this economy. the amount of economic growth dropped off sharply when the republican party took control of both the executive and

1:09:05 to 1:13:10( Edit History Discussion )
Speech By: Maurice Hinchey

1:09:17 to 1:09:30( Edit History Discussion )

Maurice D. Hinchey: legislative branches of government in 2001. with the coops of the frave huge -- with the cooperation of the federal reserve huge amounts monetary stimulation was injected into the economy,

1:09:30 to 1:09:44( Edit History Discussion )

Maurice D. Hinchey: they dropped the interest rates to zero and this congress engaged in a spending program which was enormous. huge amounts of spending coming out of these congressional russians, these budget resolutions

1:09:44 to 1:09:57( Edit History Discussion )

Maurice D. Hinchey: and appropriations bills. that kind of economic stimulation should have been very positive, but it wasn't. one of the reasons it wasn't is because it was done in a very irresponsible way. it

1:09:57 to 1:10:14( Edit History Discussion )

Maurice D. Hinchey: was done by borrowing huge amounts of money. that borrowing has created record amounts of debt for the american people which they will have to pay back over the course of generations. as

1:10:14 to 1:10:28( Edit History Discussion )

Maurice D. Hinchey: we have heard the national debt exceeds $8 trillion and the majority party has risen that level to almost $9 trillion. with that kind of economic stimulation, huge amounts of spending and very

1:10:28 to 1:10:41( Edit History Discussion )

Maurice D. Hinchey: low interest rates, we would have had every reason to anticipate that would drop, more and more people would be employed, progressively, their wages would be increasing and the economic circumstances

1:10:41 to 1:11:01( Edit History Discussion )

Maurice D. Hinchey: for the american workers and american families would have gone up except that, as i pointed out, it was done so irresponsibly so that most of the benefits have gone to the wealthiest people

1:11:01 to 1:11:15( Edit History Discussion )

Maurice D. Hinchey: in this country and little or no benefits to the middle class. so the effect has not been that we have cut unemployment and increased employment. we have 1.2 million more people in in bhork

1:11:15 to 1:11:28( Edit History Discussion )

Maurice D. Hinchey: are unemployed than f.y. years ago. long-term unemployment is worse. 1.4 million americans are suffering long-term unemployment. they have talked about growth. well, of course, there has been

1:11:28 to 1:11:44( Edit History Discussion )

Maurice D. Hinchey: some job growth. what has that job growth been? it averaged about 38,000 jobs a month. normally, even without that huge amount of stimulation, that huge amount of spending, normally what we have

1:11:44 to 1:12:01( Edit History Discussion )

Maurice D. Hinchey: in america is job growth at the rate of 125,000 to 150,000 a month. job growth under their economic program has been down to 38,000. that is why we have more and more people unployed,

1:12:01 to 1:12:22( Edit History Discussion )

Maurice D. Hinchey: short term and long term. manufacturing jobs, the essence of our economy, the most important aspect of our economy, manufacturing jobs have gone down by 2.9 million jobs since they have taken

1:12:22 to 1:12:35( Edit History Discussion )

Maurice D. Hinchey: over both the executive and legislative branches of government. real wages for working people in this country have not gone up, as you would expect with that kind of huge amounts of spending.

1:12:35 to 1:12:46( Edit History Discussion )

Maurice D. Hinchey: but real wages have fallen in the past two years. in fact, in the last two years they have gone down by nearly 1% after inflation for the american families. so the budget resolution that we are

1:12:46 to 1:13:02( Edit History Discussion )

Maurice D. Hinchey: seeing today is consistent with the economic policies that the republican party has put forth over the last five years which have been so devastating to the american economy, to american

1:13:02 to 1:13:18( Edit History Discussion )

Maurice D. Hinchey: workers and to american families. and that is the reason why this budget resolution must be defeated. the chairman: the gentleman's time has expired. mr. saxton: may i inquire how much time is left?

1:13:18 to 1:13:33( Edit History Discussion )

Kenny C. Hulshof: the chairman: the gentlelady from new york's time has expired. the gentleman from new jersey has four minutes. saxton: i would like to yield two minutes to mr. hulshof. mr. hulshof: let me

1:13:18 to 1:16:27( Edit History Discussion )
Speech By: Kenny C. Hulshof