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House Proceeding 09-22-08 on Sep 22nd, 2008 :: 0:20:08 to 0:25:28
Total video length: 2 hours 47 minutes Stream Tools: Stream Overview | Edit Time

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Marcy Kaptur

0:14:28 to 0:20:08( Edit History Discussion )
Speech By: Marcy Kaptur

Marcy Kaptur

0:19:55 to 0:20:08( Edit History Discussion )

Marcy Kaptur: the gentleman from indiana. mr. burton: mr. speaker, a number of the speakers tonight have beenee talking about theal "bailout"ai on wall street. we have been told by the head of the treasury

Dan Burton

0:20:08 to 0:20:19( Edit History Discussion )

Dan Burton: and the fdic that unless we do this there could be rea l dire consequences on for the entire economy of the united states.ta the amount that we have been talking about, which will bel

Dan Burton

0:20:08 to 0:25:28( Edit History Discussion )
Speech By: Dan Burton

Dan Burton

0:20:19 to 0:20:33( Edit History Discussion )

Dan Burton: brought to the floor somewhere in the neigh borhood of $700 billion, which is directlyir going to go to our national l debt in all probability.pr hopefully some those assets that are going

Dan Burton

0:20:33 to 0:20:44( Edit History Discussion )

Dan Burton: to be bought will be able to be sold down the road and the moneyey repaid to the treasury. but the thing that bothe trs mee the most is we haven't done anything tha t will really create new

Dan Burton

0:20:44 to 0:20:58( Edit History Discussion )

Dan Burton: jobs. the speakerpe that just spoke talked about the creation of new jobs and we passed an energy bill last week that really isn't going tosn do anything. and we have the ability to drill

Dan Burton

0:20:58 to 0:21:12( Edit History Discussion )

Dan Burton: off theil continental shelf , in alaska, anda, elsewhere and we can get billions and billions of dollars in money coming into the united states treasury from these assets that we have already

Dan Burton

0:21:12 to 0:21:26( Edit History Discussion )

Dan Burton: and that is oil , gas, , shale, and other commodities thatco will help us with our energy crisis. we have an energy crisis right now and we have not passed an energy bill that wilgyl do o

Dan Burton

0:21:26 to 0:21:36( Edit History Discussion )

Dan Burton: anything. boone pickens has beeen on televi sion talking about a the transfer of wealth. $700 billion a year.ea it's an odd consequence that we are going to be asking for $700 billion for

Dan Burton

0:21:36 to 0:21:49( Edit History Discussion )

Dan Burton: the quote-unquote wall street bailout, and at the th same time we are denying the drilling for oil andil other energy produ cts here in the united s tates which could save $700 billion

Dan Burton

0:21:49 to 0:21:59( Edit History Discussion )

Dan Burton: of our money that's going overseasrs to saudi arabia, to nigeria, down south to venezuela. v so the united states is actually turning overve our money that we could keep here at home and create

Dan Burton

0:21:59 to 0:22:09( Edit History Discussion )

Dan Burton: hundreds ofun thousands of jobs and really help this econo my if we c would just go after the energy sources th at we already havedy here in the united states. i just don'tju understand t

Dan Burton

0:22:09 to 0:22:22( Edit History Discussion )

Dan Burton: u we are send ing $700 billion to saudi arabia and they are going to be buying these assets here in the united states. u it's going to be our money that's purchasing the oil that

Dan Burton

0:22:22 to 0:22:35( Edit History Discussion )

Dan Burton: gives them the moneyhe to buy the products here in the united states. it m akes no sense.se especially when we have the energy p roducts right here in this country offshore andnd up in anwr

Dan Burton

0:22:35 to 0:22:48( Edit History Discussion )

Dan Burton: and elsewhere, trillions of square feet of gas, millions of barrels o f oil, and we can't drill fo r them because of the environmental concerns that people are talking about. we cou ld do it in ann

Dan Burton

0:22:48 to 0:23:00( Edit History Discussion )

Dan Burton: environmentally safe way. it makes no sense to me whatsoever to send $700 billion out of this country that we could keep here at a home, creating jobs. and at the same time that we are sendin

Dan Burton

0:23:00 to 0:23:10( Edit History Discussion )

Dan Burton: g that $700 billion out of this country to buy oil from oth er parts of the o world, we are asked to give $700 billion to bail out bad investments th at have beenn made. bad loans that have

Dan Burton

0:23:10 to 0:23:21( Edit History Discussion )

Dan Burton: been made. it just doesn't make tsense to me. if we are really concerned about the economy of the united d states, we need to drill here. we need to drill now. us e alternative sources

Dan Burton

0:23:21 to 0:23:33( Edit History Discussion )

Dan Burton: of energy as well, wind, solar, and everything else. but we need to drill here in the unithted states. th e american people arepe suffering. they are still paying $4-plus for a gavel gas.

Dan Burton

0:23:33 to 0:23:46( Edit History Discussion )

Dan Burton: $80 to fill up a 20 gallon tank on a car or truck. the american peopleeo can't afford t we could be saving that money, reducing the price of oil and gasoline dramatically if we drilled here

Dan Burton

0:23:46 to 0:23:57( Edit History Discussion )

Dan Burton: and drilled now. keeping $700 billion of our money here instead of sending it overseas. and especially at a time when we are going to be bailing out financial institutions to the tune of $700

Dan Burton

0:23:57 to 0:24:06( Edit History Discussion )

Dan Burton: billion.il it's really odd. we are sending $700 billion of our money overseas we don't w need to. at a time when we could sure s use it here at home to deal with our financial crisis. we need

Dan Burton

0:24:06 to 0:24:17( Edit History Discussion )

Dan Burton: to drill d here. we need to drill now. we need to lower the price o f p gasoline and oil and other energy products. and we are not doing iret. and i simply d ion't understand it, mr. speaker.

Dan Burton

0:24:17 to 0:24:28( Edit History Discussion )

Dan Burton: and i want to sayan one more time, the energy bill we passed last wee k isn't going to do anything. it's not going too provide onene gallon, one barrel of new oil from the united states, and

Dan Burton

0:24:28 to 0:24:38( Edit History Discussion )

Dan Burton: we st are going to continue to sendo to saudi arabia, nigeria,er venezuela, and elsewhere $700 billion of america's money which could be used to create hundreds of thousands off jobs.s. it makes

Dan Burton

0:24:38 to 0:24:59( Edit History Discussion )

Dan Burton: no sense. we s hould drill here. we should drill now. we should move toward energy indepe ndence. and i mmediately start loweringta the price of gasoline and other fuel products. i yield back the

Dan Burton

0:24:59 to 0:25:28( Edit History Discussion )

Dan Burton: balance of my time. the speaker pro tempore: the chair would recognize mr. sherman of california. the chair would recognize mr. moran of kansas. under the speaker's announced policy of january

Yvette Clarke

0:25:28 to 0:25:46( Edit History Discussion )

Yvette Clarke: 18, 2007, the gentlewoman from new york, ms. clarke, is recognized for 60 minutes as the designee of the majority leader. ms. clarke: thank you very much, mr. speaker. on behalf of the congressionalng

Yvette Clarke

0:25:28 to 0:39:36( Edit History Discussion )
Speech By: Yvette Clarke

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