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House Proceeding on Jul 31st, 2009 :: 3:24:15 to 3:26:35
Total video length: 3 hours 53 minutes Stream Tools: Stream Overview | Edit Time

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Jeb Hensarling

3:24:12 to 3:24:32( Edit History Discussion )

Jeb Hensarling: taxpayers an additional time. i ask for passage of the bill. i commend the leadership and i thank my dear friend, the chairman of the committee, and the other members of the committee who has made it possible for us to consider this legislation so fast. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california. mr. lewis: mr. speaker, i yield

Jeb Hensarling

3:24:15 to 3:26:35( Edit History Discussion )
Speech By: Jeb Hensarling

Jeb Hensarling

3:24:33 to 3:24:53( Edit History Discussion )

Jeb Hensarling: two minutes to the gentleman from texas, mr. hensarling. the speaker pro tempore: the gentleman from texas is recognized for two minutes. mr. hensarling: i thank the gentleman for yielding. cash for clunkers, mr. speaker. obviously it's a popular program. it's a clever title. it pays people several thousand dollars to trade in their old cars if they buy new cars. and, yes, yesmr. speaker, people are hurting in the auto

Jeb Hensarling

3:24:54 to 3:25:14( Edit History Discussion )

Jeb Hensarling: industry. there's no doubt about it. but i would also note that the taxpayers are hurting. $80 billion to chrysler and g.m., and the auto industry, the auto industry does not have a monopoly on hard times in this economy. recently one of the largest poultry producers in america,

Jeb Hensarling

3:25:15 to 3:25:35( Edit History Discussion )

Jeb Hensarling: pilgrim's pride, just a few miles outside of my congressional district, they had to declare chapter 11. maybe we should have a cash for cluckers program and pay people to eat chicken. then after that we can have a program to pay people to buy tv's and then a program to pay people to buy lumber.

Jeb Hensarling

3:25:36 to 3:25:56( Edit History Discussion )

Jeb Hensarling: it would pass the test. it has a clever title. it would help a large industry. it would put free money in the hands of consumers, but this is not, this is not a humorous affair, mr. speaker. and it's not humorous because this is an extension of a program that has the government picking winners and losers.

Jeb Hensarling

3:25:57 to 3:26:18( Edit History Discussion )

Jeb Hensarling: why is the auto industry the winner, why is the poultry industry the loser? this is one more step in enshrining us as a bailout nation. now, people say, well, it's $2 billion that's coming out of the stimulus program. well, i would tell my distinguished colleagues that that is still $2 billion that

Jeb Hensarling

3:26:19 to 3:26:35( Edit History Discussion )

Jeb Hensarling: has to be borrowed from the chinese with the bill sent to our children and grandchildren at a time when the national deficit has hit $1 trillion for the first time in history. you cannot bail out, borrow and spend your way into economic prosperity.

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