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House Proceeding 09-29-08 on Sep 29th, 2008 :: 0:41:24 to 0:44:50
Total video length: 3 hours 5 minutes Stream Tools: Stream Overview | Edit Time

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0:41:23 to 0:41:32( Edit History Discussion )

from alabama is recognized. mr. bachus: madam speaker, i yield three minutes to the to gentleman from texas, mr. hensarling. the speaker pro tempore: the gentleman from texas is recognized

Jeb Hensarling

0:41:32 to 0:41:45( Edit History Discussion )

Jeb Hensarling: for three minutes. mr. hensarling: i thank the gentleman for yielding. madam speaker, this is clearly one of the most important votes that many of us will c mast in our congressional careers. we are

Jeb Hensarling

0:41:45 to 0:41:59( Edit History Discussion )

Jeb Hensarling: all concerned about the state of our economy. we are all concerned about the state of our capital markets. what has infected wall street may soon reach main street. and action has never been an

Jeb Hensarling

0:41:59 to 0:42:12( Edit History Discussion )

Jeb Hensarling: option but, again, theon paulson plan should never have been our only option. i fear other options, madam speaker, have never been considered seriously in the body. although i certainly

Jeb Hensarling

0:42:12 to 0:42:24( Edit History Discussion )

Jeb Hensarling: want to congratulate our ranking member, spencer bachus, our republican leadership, eric cantorf virginia, paul ryan of wisconsin for the work they've done to improve this bill. this is clearly

Jeb Hensarling

0:42:24 to 0:42:39( Edit History Discussion )

Jeb Hensarling: a better bill, madam speaker, than it was a week ago. but that's not the relevant test. the relevant test is when you look at the good in the bill, when you look at the bad in the bill does

Jeb Hensarling

0:42:39 to 0:42:53( Edit History Discussion )

Jeb Hensarling: it take america in a direction that you believe america should go? by that test, madam speaker, i will vote no on this legislation. i fear this legislation before us is fraught with unintended

Jeb Hensarling

0:42:53 to 0:43:05( Edit History Discussion )

Jeb Hensarling: consequences. i fear, i fear that ultimately it may not work. i fear that it is too much bailout and not enough workout. i fear that taxpayers may end up inherenting the mother of all

Jeb Hensarling

0:43:05 to 0:43:19( Edit History Discussion )

Jeb Hensarling: debts. now, some have come to the house floor and say, well, the taxpayers' going to make money on this. you know what, madam speaker, they may be right. i can tell you this much,th madam

Jeb Hensarling

0:43:19 to 0:43:34( Edit History Discussion )

Jeb Hensarling: speaker, as history as our guides, the taxpayer lost $2 billion on the s.n.l. bailout. i can raid my neighbor's college fund for his children, go put it on a roulette table in las vegas, maybe

Jeb Hensarling

0:43:34 to 0:43:49( Edit History Discussion )

Jeb Hensarling: triple his money for him but, madam speaker, it's not a risk that my neighbor voluntarilybo assumed. i fear that under this p tlan ultimately the federal government will become the guaranto

Jeb Hensarling

0:43:49 to 0:44:02( Edit History Discussion )

Jeb Hensarling: r of last resort and, madam speaker, that does put us on the slippery slope to socialism. if you lose your ability to fail, soon you will lose your ability to succeed. and th at's why, madam speaker,

Jeb Hensarling

0:44:02 to 0:44:16( Edit History Discussion )

Jeb Hensarling: house conservatives have put forth an alternative plan, and we are happy to work on it today, all next week as important as it is to act quickly, it is more important to act rightly.

Jeb Hensarling

0:44:16 to 0:44:29( Edit History Discussion )

Jeb Hensarling: we would hope this plan would get serious consideration. and, madam speaker, once it does, we hope that we can go on, that we can address the taxpayer crisis. as our fellow citizens are looking

Jeb Hensarling

0:44:29 to 0:44:41( Edit History Discussion )

Jeb Hensarling: at the largest tax increase in american history, the spending crisis of an out-of-control congress, the energy crisis, where we see too many of our americans struggling to pay their bills.

Jeb Hensarling

0:44:41 to 0:44:50( Edit History Discussion )

Jeb Hensarling: madam speaker, as we look at this legislation, and i respect all, regardless of what side they come down on -- the speaker pro tempore: the gentleman's time has expired. mr. hensarling:

Jeb Hensarling

0:44:50 to 0:44:59( Edit History Discussion )

Jeb Hensarling: err on the side of freedom. the speaker pro tempore: the gentleman from massachusetts. mr. frank: madam speaker, i now yield three minutes to the chairman of the armed services committee, mr.

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