Senate Proceeding on Apr 3rd, 2008 :: 4:30:36 to 4:34:28
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4:28:50 to 4:30:36( Edit History Discussion )
Speech By: Harry Reid

4:30:09 to 4:30:36( Edit History Discussion )

Harry Reid: the majority. slim as it might be. and they've got to get over this, mr. president. let us work together. r.we want to work. we want to pass things. and my friend is offering an amendment. let's vote

4:30:36 to 4:30:52( Edit History Discussion )

Edward Kennedy: on it. the presiding officer: the senatorrom massachusetts. mr. kennedy: mr. president, i want -- i see our leader leaving the floor, expressing his frustration about the lack of action and i join him

4:30:36 to 4:34:28( Edit History Discussion )
Speech By: Edward Kennedy

4:30:52 to 4:31:11( Edit History Discussion )

Edward Kennedy: in -- in underlying -- and underline what he has stated here. yesterday a number of us, including the chair of the joint economic committee, listened to mr. bernanke. and mr. bernanke was there before the

4:31:11 to 4:31:27( Edit History Discussion )

Edward Kennedy: joint economic committee talking about how they had let go more than $200 billion over the period of these last weeks -- -- $200 billion in secret transactions without any guarantees to the american

4:31:27 to 4:31:43( Edit History Discussion )

Edward Kennedy: taxpayers. and here we have a proposal that the senator fromat illinois and our housing -- senator dodd and others who are involved in the banking committee tnko try -- try and do something about

4:31:43 to 4:32:00( Edit History Discussion )

Edward Kennedy: the fact that homes are being closed while we are here onwe the floor of the united states senate. what is it about the other side that they're quite prepared to see hundreds of billions of dollars

4:32:00 to 4:32:13( Edit History Discussion )

Edward Kennedy: that float out of the treasury and when you stand up and say, can we not help stop this afternoon some of these foreclosures for homes for working and middle class america, they say, no, no, no go.

4:32:13 to 4:32:27( Edit History Discussion )

Edward Kennedy: no show. no we're not going to let you take action, but we're fine with the billions and hundreds of billions of dollars that are floating out of the treasury in these last several days. what possible --

4:32:27 to 4:32:39( Edit History Discussion )

Edward Kennedy: what possible justification is there for that? finally, mr. president, when i asked the federal reserve, ier said, well, we've got the immediate crisis, but we're also going to have the crisis in the

4:32:39 to 4:32:53( Edit History Discussion )

Edward Kennedy: states. states have two h options, they can either rai ese theirhe taxes or cut services. cut services, who are they going to cut? medicaid are the first ones. who are those? the poorest of the poor.

4:32:53 to 4:33:03( Edit History Discussion )

Edward Kennedy: and when we asked the leader of the federal reserve, the architect, because he is the man in charge of this, whether he believes we oughtev to reach out an help those families, he said, he did not

4:33:03 to 4:33:20( Edit History Discussion )

Edward Kennedy: have a position on that. it's a position that will have to be taken by the congress of s the unitede states. well, why doesn't he tell that to the republican leaders? why doesn't he tell it to them?

4:33:20 to 4:33:34( Edit History Discussion )

Edward Kennedy: here you're trying to take some kind of a position, and this is a -- the old chicago movie that i remember some --be so well, they talk about give us the old razzle dazzle, i'll razzle dazzle me

4:33:34 to 4:33:57( Edit History Discussion )

Edward Kennedy: too. boy, we are finding out the american homeowners who are hard pressed are being given the old razzle dazzle. i applaud the determination, the resolution that thelu leader hasea shown on this issue. real

4:33:57 to 4:34:11( Edit History Discussion )

Edward Kennedy: people are hurting. we're here this afternoon waiting to take some action, ready to move ahead on a proposal that has a broad support and we find out the emptiness and the -- emptiness of the republican

4:34:11 to 4:34:28( Edit History Discussion )

Edward Kennedy: response. mr. reid: will you yield? mr. kennedy: i will. mr. reid: does the senator from massachusetts realize thats today -- today, this day in april, april 3, 2008, almost 8,000 people will be pushed

4:34:28 to 4:34:43( Edit History Discussion )

Harry Reid: out of their homes because theec foreclosure has been completed. they're gone. 8,000 today. 8,000 tomorrow. norow foreclosures usually they don't work on weekends. it's during the week. weekend, no.