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Senate Proceeding on Feb 28th, 2008 :: 8:13:02 to 8:29:05
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Harry Reid

8:12:01 to 8:13:02( Edit History Discussion )
Speech By: Harry Reid

Harry Reid

8:12:48 to 8:13:02( Edit History Discussion )

Harry Reid: on this legislation, there could be more, but i saw 1. i ask unanimous consent that the banking committee be discharged from further consideration of r. 547 a and the senate proceed to its consideration. the clerk:

Christopher Dodd

8:13:02 to 8:13:14( Edit History Discussion )

Christopher Dodd: h.r. 5478, an act to provide for the continuing minting and issuance of certain $1 $1 coins in 2008. the presiding officer: is there objection to proceeding to the measure? without objection. mr.

Christopher Dodd

8:13:02 to 8:29:05( Edit History Discussion )
Speech By: Christopher Dodd

Christopher Dodd

8:13:14 to 8:13:30( Edit History Discussion )

Christopher Dodd: reid: i ask unanimous consent that the motion to reconsider be laid on the table, that there be be no intervening action or debate and any statements relating to this matter be placed in the appropriate

Christopher Dodd

8:13:30 to 8:13:49( Edit History Discussion )

Christopher Dodd: place in the recordec as if given. the presiding officer: without objection, so ordered. the republican leader. mr. mcconnell: madam president, i listened with a certain level of inkred-- inceddulity,

Christopher Dodd

8:13:49 to 8:14:03( Edit History Discussion )

Christopher Dodd: this was a measure led by senator dodd and senator shelby. i'm not certain whether senator dodd was consulted. i'm fairly certain that senator shelby was not consulted. we know that there is widespread

Christopher Dodd

8:14:03 to 8:14:17( Edit History Discussion )

Christopher Dodd: opposition to the so-called cram-down provision, and we know that almost everybody in america, with the exception of one study at georgetown that i heard my good friend, the majority leader quote,

Christopher Dodd

8:14:17 to 8:14:34( Edit History Discussion )

Christopher Dodd: that believes it will drive interest rates up for all americans, in order to presumably benefit some americans. this is the kind of thing that happens when you have a hastily concocted political

Christopher Dodd

8:14:34 to 8:14:49( Edit History Discussion )

Christopher Dodd: exercise, which, it strikes me, we just went through. now, the way to legislation, madam president, in a body like the united states senate is to come up with a fair process for consideration and,

Christopher Dodd

8:14:49 to 8:15:03( Edit History Discussion )

Christopher Dodd: in fact, i offered it prior to the vote, my good friend, the majority leaderrer, that we would take up the measure and take up five amendments on each side and have a normal legislative process. actually making

Christopher Dodd

8:15:03 to 8:15:15( Edit History Discussion )

Christopher Dodd: a law rather than trying to create an issue. so i -- we're still very much interested in seeing what we can do in this area. the majority leader mentioned the isaon bill. there is a lot of support

Christopher Dodd

8:15:15 to 8:15:30( Edit History Discussion )

Christopher Dodd: over on this side of the aisle for the isakson bill. i know that there are conversations between senator carper and senator martinez that could conceivably lead to some kind of bipartisan proposal

Christopher Dodd

8:15:30 to 8:15:42( Edit History Discussion )

Christopher Dodd: that would enjoy support on both sides of the aisle. the way to achieve something like that is through the consultive process that we frequently engage in about here when we're serious about legislating.

Christopher Dodd

8:15:42 to 8:15:54( Edit History Discussion )

Christopher Dodd: i would reiterate that i'm open to any discussions for a consent agreement that gives both sides an opportunity to have their ideas considered. we all know that the nation's economy is slowing. we

Christopher Dodd

8:15:54 to 8:16:08( Edit History Discussion )

Christopher Dodd: all believe that there is an appropriate role for the government to play in trying to lessen that decline in the economy.~ and we're happy to work for a result. now that the box has been check checked

Christopher Dodd

8:16:08 to 8:16:20( Edit History Discussion )

Christopher Dodd: on the other side, maybe we can get serious now about trying to do something that will actually make a difference. and i stand ready to talk to my good friend, the majority leader leader, about that

Christopher Dodd

8:16:20 to 8:16:33( Edit History Discussion )

Christopher Dodd: at any time. i yield the floor. a senator: mr. president? mr. reid: i don't know how to say this other than to say it the way i feel. it's an insult to me to say that i would bring a bill on the floor

Christopher Dodd

8:16:33 to 8:16:44( Edit History Discussion )

Christopher Dodd: without talking to my chairman. one thing i pride myself in, when i took this job, i gave everyone of my ranking members then -- now my chairs -- the absolute authority to run their committees committees

Christopher Dodd

8:16:44 to 8:16:59( Edit History Discussion )

Christopher Dodd: i will not interfere with their committees. mr. mcconnell: will the majority leader yield? mr. reid: no. and, mr. president, i want the record to reflect that i would never consider putting a piece

Christopher Dodd

8:16:59 to 8:17:11( Edit History Discussion )

Christopher Dodd: of legislation on the floor without talking to my chamber. i talked to senator dodd, i talk talked to senator leahy, i talk talked to senator baucus about what was going to be in this. so, mr. president,

Christopher Dodd

8:17:11 to 8:17:29( Edit History Discussion )

Christopher Dodd: that is so far-fetched that it's hard for me to conceive of how my friend could say that. mr. mcconnell: i didn't say it it. mr. reid: yes, you did. mr. mcconnell: i did not say it. that's why

Christopher Dodd

8:17:29 to 8:17:41( Edit History Discussion )

Christopher Dodd: i was trying to get the majority leader to yield. i said, i don't know whether you scultded consulted with your chairmen. so my remarks don't need to be corrected because i didn't say it. mr. reid: we

Christopher Dodd

8:17:41 to 8:17:58( Edit History Discussion )

Christopher Dodd: will a have the record speaks for itself. mr. president, i would also say this:, yes we have georgetown and we have a house of mine who i served in the house of representatives with, who is former

Christopher Dodd

8:17:58 to 8:18:19( Edit History Discussion )

Christopher Dodd: secretary of housing and urban development, a republican, and a card-carrying conservative republican, jack kemp, who thinks what we're doing is very good. in effect a written about it. -- in fact

Christopher Dodd

8:18:19 to 8:18:40( Edit History Discussion )

Christopher Dodd: he's written about it it. this isn't something we've thrown together in five minutes. most of this stuff it was in the stimulus package that they vote ed down before. so there are economist whose support

Christopher Dodd

8:18:40 to 8:18:56( Edit History Discussion )

Christopher Dodd: what we're doing. it will not increase the bankruptcy provision of my friend, the senior senator from illinois, it will not increase the interest rates, this bankruptcy thing. we all know that. this

Christopher Dodd

8:18:56 to 8:19:08( Edit History Discussion )

Christopher Dodd: piece of legislation is so important. when my friend, the republican leader, said that he wanted five amendments, listen to the boundaries of the amendments amendments, having to deal with housing and the

Christopher Dodd

8:19:08 to 8:19:21( Edit History Discussion )

Christopher Dodd: economy. well, mr. president, that's pretty wide-ranging. i told everybody that was within the sound of my voice, if we wanted to offer five minute amendments to this piece of legislation or any

Christopher Dodd

8:19:21 to 8:19:33( Edit History Discussion )

Christopher Dodd: other piece of legislation, the republican leader rightfully so would like to see what that amendment would say. i said the same applies to the republicans. you can't have it both ways. and if

Christopher Dodd

8:19:33 to 8:19:44( Edit History Discussion )

Christopher Dodd: in the process of trying to work s&l work something out it doesn't work out, mr. president, they have the ultimate big hammer here and that's cloture. two steps: twhawn we haven't use ed very much

Christopher Dodd

8:19:44 to 8:19:59( Edit History Discussion )

Christopher Dodd: except in the -- one that we haven't use ed very much except in the last year since we got the majority is a motion to proceed, cloture on that. we didn't get that. it's too bad, but had we been

Christopher Dodd

8:19:59 to 8:20:10( Edit History Discussion )

Christopher Dodd: able to do that, we would have gone immediately to legislating on some of the things that i think are important. i am very troubled about normal legislative process. we haven't been in normal legislative

Christopher Dodd

8:20:10 to 8:20:24( Edit History Discussion )

Christopher Dodd: process for sometime now, and i am anxious to do everything i can to move forward on this piece of legislation. it's obvious that my friends do not want to. and i'm sorry about that, but anyone

Christopher Dodd

8:20:24 to 8:20:36( Edit History Discussion )

Christopher Dodd: that said that this is hastily concocted political exercise is wrong. mr. schumer: would my colleague from nevada yield for a question? mr. reid: be happy to. mr. schumer: i'd just ask my colleague in

Christopher Dodd

8:20:36 to 8:20:48( Edit History Discussion )

Christopher Dodd: nevada, twoon be true that the ambit that the -- wouldn't it be true that the ambit that the minority leader asked for would allow the other side to automatically have amendments on, say, the renewing

Christopher Dodd

8:20:48 to 8:21:02( Edit History Discussion )

Christopher Dodd: the president's tax cuts or undoing what happened with the estate tax and just repealing the entire estate tax, nothing do with this housing bill? that's my first question. and my second is, if the

Christopher Dodd

8:21:02 to 8:21:20( Edit History Discussion )

Christopher Dodd: minority leader showed the majority leader five amendments that were really within the confines of this legislation, ideas like the isakson idea or the martinez idea or others like that, that

Christopher Dodd

8:21:20 to 8:21:31( Edit History Discussion )

Christopher Dodd: he would willingly go along and we would come up and debate the amendments and move the bill forward, but that the parameters that theha minority leader has asked for would allow us to debate the

Christopher Dodd

8:21:31 to 8:21:43( Edit History Discussion )

Christopher Dodd: whole -- everything but the kitchen sink and bring up all those old saws that we've been through before. isn't that correct? mr. reid: i would say to my friend, i had indicate ed that i don't like

Christopher Dodd

8:21:43 to 8:21:56( Edit History Discussion )

Christopher Dodd: what specter is trying to do to this bill. he has an absolute right to do that. and he should be able to do that that. what he wants to do basically have a durbin line -- strike the provision on bankruptcy.

Christopher Dodd

8:21:56 to 8:22:13( Edit History Discussion )

Christopher Dodd: i don't like that but it is in keeping with what this legislation would be. the parameters i don't like has to do with housing and the economy. mr. schumer: that could mean renew the bush tax cuts

Christopher Dodd

8:22:13 to 8:22:27( Edit History Discussion )

Christopher Dodd: within 2025. that could be within the am by the of what the minority leader asked for, is that correct? mr. reid: that's true. and i don know how much more i can telegraph my punches. i said -- you

Christopher Dodd

8:22:27 to 8:22:40( Edit History Discussion )

Christopher Dodd: were present, senator durbin was present, senator murray was present. when scores of press were around today, they said, are you going to allow amendments? i said yes. one of the senators here, senator

Christopher Dodd

8:22:40 to 8:22:59( Edit History Discussion )

Christopher Dodd: carper from delaware, he said, here's some amendments that they might want to offer. how do you feel about them? fine. i want to legislate to deal with the housing crisis. we have a housing crisis.

Christopher Dodd

8:22:59 to 8:23:15( Edit History Discussion )

Christopher Dodd: i have one in nevada. you have one in illinois. you have one in new york. you have a real big one in michigan. california has 25% of all the foreclosures in the country. ever spry place in america

Christopher Dodd

8:23:15 to 8:23:30( Edit History Discussion )

Christopher Dodd: has a problem with that. and we could stim stimulate the economy. i defy anyone to say that what we're doing won't stimulate the economy. mr. schumer: and one more question to the leader, has the minority

Christopher Dodd

8:23:30 to 8:23:44( Edit History Discussion )

Christopher Dodd: leader shown the five amendments to us that he wishes to offer or he just sort of want wants a carte blanche more or less? mr. reid: i'm the one that suggested amendments that i have heard the republicans

Christopher Dodd

8:23:44 to 8:23:58( Edit History Discussion )

Christopher Dodd: want to offer. the answer is "no, i have not seen a single amendment." and i didn't start talking about amendments this morning. when i moved to this piece of legislation, i told the distinguished republican

Christopher Dodd

8:23:58 to 8:24:08( Edit History Discussion )

Christopher Dodd: leader, let's work something out on amendments. i'm -- the original number of five came from me. mr. durbin: will the majority leader yield? mr. schumer: really what the minority leader is doing is

Christopher Dodd

8:24:08 to 8:24:23( Edit History Discussion )

Christopher Dodd: he really wants an opportunity to get off the housing debate and go on to the old saws that we always hear from them on estate tax, bush tax cuts and other things not relevant to this bill bill, things

Christopher Dodd

8:24:23 to 8:24:36( Edit History Discussion )

Christopher Dodd: that would be a reasonable assumption given the minority leader's actions. mr. reid: yes, i say to my friend, things that have done so much good for our economy, so much good for our economy. you

Christopher Dodd

8:24:36 to 8:24:49( Edit History Discussion )

Christopher Dodd: no, we're update down with red ink on everything, and so the answer is yes, we need more tax cuts, we need more money spent on wars around the country -- around the world. i don't know of anybody

Christopher Dodd

8:24:49 to 8:25:05( Edit History Discussion )

Christopher Dodd: who thinks the economy is doing very well. even the -- today we had the president say things are not good but we're not in a recession. well, i think the economist would totally disagree. mr. durbin:

Christopher Dodd

8:25:05 to 8:25:17( Edit History Discussion )

Christopher Dodd: would the majority leader yield? mr. reid: yes. mr. durbin: i would like to ask the majority leader, the routine motion in the senate, the motion to proceed, we've tried do that three times this t week.

Christopher Dodd

8:25:17 to 8:25:42( Edit History Discussion )

Christopher Dodd: is it not true that the republican minority has engineered efforts to stop a vote on change ing the policy in the war in iraq, has stopped a vote on having an accountability and a report on our war

Christopher Dodd

8:25:42 to 8:26:04( Edit History Discussion )

Christopher Dodd: on terrorism, and through the chair i would ask, now with this measure, has stopped an effort to try to bring some relief to the 2.2 million americans from states all over who face foreclosure on their mortgages?

Christopher Dodd

8:26:04 to 8:26:17( Edit History Discussion )

Christopher Dodd: and i'd ask the majority leader, reflecting on what's happened this week, is this not a continuation of what we went through all last year when the senate republicans broke the record in the senate

Christopher Dodd

8:26:17 to 8:26:38( Edit History Discussion )

Christopher Dodd: with 62 filibusters? mr. reid: in one year. they broke a two-year record in one year. and this is ongoing. this is -- this is an extremely perplexing situation we find ourselves, and for my friend, the distinguished

Christopher Dodd

8:26:38 to 8:26:54( Edit History Discussion )

Christopher Dodd: republican leader, to stand and say that it was incredulous what i had done -- incredulous? i'm trying to legislate. i have a piece of legislation out here that has five provision provisions in it.

Christopher Dodd

8:26:54 to 8:27:16( Edit History Discussion )

Christopher Dodd: everyone knows what those five are. no tricks, no filling the tree. let's work something out on amendments. and that's incredulous? mr. dodd: mr. president? the presiding officer: the senator from

Christopher Dodd

8:27:16 to 8:27:39( Edit History Discussion )

Christopher Dodd: connecticut. mr. dodd: mr. president, i thank the chair. let me before the leader leaves and others leave point out here that this proposal i'd say to the majority leader before he leaves here and

Christopher Dodd

8:27:39 to 8:27:57( Edit History Discussion )

Christopher Dodd: the majority whip that it's as though these presentations were made -- we had a long discussion, in fact two caucuses, mr. president, in the senate democratic caucuses, not unlike the republicans have

Christopher Dodd

8:27:57 to 8:28:14( Edit History Discussion )

Christopher Dodd: their conference every week, to talk about the various provision provisions. in fact, i made a presentation briefly before the caucus two weeks ago involving these various ideas. there were a lot of

Christopher Dodd

8:28:14 to 8:28:32( Edit History Discussion )

Christopher Dodd: other ideas. this was an exclusive list on what you could do in order to generate some new level of optimism and confidence in our economy, mostly routed in the problems associate ed with the foreclosure

Christopher Dodd

8:28:32 to 8:28:47( Edit History Discussion )

Christopher Dodd: crisis, which is the epicenter of this problem. so i want the record to reflect that as the chairman of the senate banking committee, and i know the chairman of the finance committee and the chairman

Christopher Dodd

8:28:47 to 8:29:05( Edit History Discussion )

Christopher Dodd: of the judiciary committee, senator leahy, were all involved in those discussions, as were others who had various other ideas as to whether or not to include them in a package or not or bring up

Ken Salazar

8:29:05 to 8:29:23( Edit History Discussion )

Ken Salazar: amendments. this thing obviously was a work in progress but it is important that the record reflect that there was an ongoing conversation about what should be included in the package. i would be hay happy

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