House Proceeding 11-06-09 on Nov 6th, 2009 :: 5:38:35 to 5:40:35
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5:38:31 to 5:38:51( Edit History Discussion )

Peter Hoekstra: takes away most americans' breath think of indebbedness that's being created and this -- mr. hoekstra: i think we put this in the context of what has happened this year. you know, early on this year, we spent $800 billion to stimulate

5:38:35 to 5:40:35( Edit History Discussion )
Speech By: Peter Hoekstra

5:38:52 to 5:39:12( Edit History Discussion )

Peter Hoekstra: the economy. today we have seen the numbers, 10.2% unemployment. if you include those who have stopped looking for work or those who are working part-time because they can't find a full-time job, thatumber goes up to 17.5%, 17.5% of the

5:39:13 to 5:39:33( Edit History Discussion )

Peter Hoekstra: american people are either unemployed, stopped looking for work or underemployed. and you know, that's the effect of our stimulus bill that was passed -- i don't think any of us voted for it. you put on top of that, the cap and trade vote that my colleague was talking about, which is

5:39:34 to 5:39:56( Edit History Discussion )

Peter Hoekstra: going to hammer manu and put a huge tax on every american again and every business, now this new carbon tax and put the health ca bill on top, $1.2 trillion and people are wondering why isn't th economy coming back? and it's because we have put so much business climate.

5:39:57 to 5:40:18( Edit History Discussion )

Peter Hoekstra: we have loaded up the debt. people are talking about the debt under president bush. in one year, you know, they've tripled the deficit from what, 450. and that was the deficit under the decratic congress. e last time republicans had control, the dicit was $250

5:40:19 to 5:40:35( Edit History Discussion )

Peter Hoekstra: billion was going down. ever since the democrats have been in charge, it has been going up. we are at $1.4 trillion in a these new taxes and new spending out there, the deficit is projected to be $1 trillion