Video archive of the US Congress

House Proceeding 04-27-09 on Apr 27th, 2009 :: 1:28:10 to 1:31:00
Total video length: 3 hours 12 minutes Stream Tools: Stream Overview | Edit Time

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John R. Carter

1:28:07 to 1:28:28( Edit History Discussion )

John R. Carter: this is a big spending spree. once so big, we can't possibly this year. . mr. carter: reclaiming my time, it's nice to have people on financial services and ways an means come in here you guys see

John R. Carter

1:28:10 to 1:31:00( Edit History Discussion )
Speech By: John R. Carter

John R. Carter

1:28:29 to 1:28:51( Edit History Discussion )

John R. Carter: more of this stuff than we do, we're supposed to be seeing this on appropriations, but appropriations is on a by pass in spending. just before president obama was inaugurated, he said there were two different ecomic scenarios coming down the pike and one was good and one was bad.

John R. Carter

1:28:52 to 1:29:12( Edit History Discussion )

John R. Carter: the good was the passing of the stimulus bill, the bad was doing nothing. he said if we did not pass the stimulus bill, the unemployment

John R. Carter

1:29:13 to 1:29:34( Edit History Discussion )

John R. Carter: rate would skyrocket. mrs. bachmann: what happened, judge? mr. carter: today, unemployment is at 8.5%, going on 9%. and the fed is printing trillions of dollars into the economy. mrs. bachmann: according to that thinking, they should spend more money. do you think that's what the prescription is?

John R. Carter

1:29:35 to 1:29:56( Edit History Discussion )

John R. Carter: mr. carter: that's what they're try to do. the reality is, we have to do something. young people who have lived through -- grown up since the 1990's, which would fit a great deal of the young people out

John R. Carter

1:29:57 to 1:30:22( Edit History Discussion )

John R. Carter: there today, they don't know what we're talking they don't get what inflation means. they didn't live through the jimmy carter time. but when you get a paycheck and you realize that your dollar gets, in a year, gets worth 10% less.

John R. Carter

1:30:26 to 1:30:47( Edit History Discussion )

John R. Carter: the next year 10,% -- 10% less. mrs. bachmann: and pretty soon your money is worth half what it was. mr. carter: if it cost you $1 to buy this c started, it'll cost you $2. it's the same clip. away. mrs. bachmann: and your dollar

John R. Carter

1:30:48 to 1:31:00( Edit History Discussion )

John R. Carter: is worth half what you thought it was. mr. carter: president obama said if -- promised to the people at caterpillar if the stimulus bill passed, they would start hiring

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