Video archive of the US Congress

House Proceeding on Jun 24th, 2009 :: 0:16:25 to 0:18:15
Total video length: 39 minutes Stream Tools: Stream Overview | Edit Time

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Peter A. DeFazio

0:16:21 to 0:16:41( Edit History Discussion )

Peter A. DeFazio: government does not have the money to pay the $1.6 trillion price tag. as a physician i say we need to reform to bring down cost and increase access to private insurance. we do not need the government in the exam room. i yield back. the speaker pro tempore: for what purpose does the gentleman from oregon rise? house for one minute. the speaker pro tempore: the

Peter A. DeFazio

0:16:25 to 0:18:15( Edit History Discussion )
Speech By: Peter A. DeFazio

Peter A. DeFazio

0:16:42 to 0:17:03( Edit History Discussion )

Peter A. DeFazio: gentleman is recognized. mr. defazio: ure peaans have had a market-based cap and trade system and it has failed. the last recorded year $60 billion in trades, that is added cost, and higher greenhouse gas emissions. now the house of representatives wants to bring thature peaian system here to the united states of america.

Peter A. DeFazio

0:17:04 to 0:17:25( Edit History Discussion )

Peter A. DeFazio: despite its failures. why? the market-based approach is only a failure if your objective is meaningful and predictable real reductions in greenhouse gas emissions. perhaps something else is afoot. europe already has a carbon offset futures derivative market complete with credit

Peter A. DeFazio

0:17:26 to 0:17:47( Edit History Discussion )

Peter A. DeFazio: default swap insurance. is it a.i.g. and mortgages all over again? but now with we are going to bring that here to the united states. wall street is tingling with excitement. $1 trillion speculative market. listen to this, carbon will be the world's biggest commodity market and it could become the

Peter A. DeFazio

0:17:48 to 0:18:10( Edit History Discussion )

Peter A. DeFazio: world's biggest market overall, bar clays. -- barclay's. a brand new wall street bubble on something as essential as energy? deja vu all over again. the eaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from virginia rise? >> madam speaker, qui permission to address the house for one mite. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute.

Peter A. DeFazio

0:18:11 to 0:18:15( Edit History Discussion )

Peter A. DeFazio: express my sincere congratulations to caroline county, virginia, recipient of

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