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Senate Proceeding on Jun 8th, 2011 :: 3:39:00 to 3:42:55
Total video length: 8 hours 50 minutes Stream Tools: Stream Overview | Edit Time

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Max Baucus

3:38:59 to 3:39:19( Edit History Discussion )

Max Baucus: support for s. 782, the five-year reauthorization of the economic development administration, which frankly i am proud to have cowritten. abraham lincoln said the legitimate object of government is to do for a community of people whatever they need to have done, but it cannot do it

Max Baucus

3:39:00 to 3:42:55( Edit History Discussion )
Speech By: Max Baucus

Max Baucus

3:39:20 to 3:39:40( Edit History Discussion )

Max Baucus: all or cannot so well do for themselves in their separate and individual capacities. end kwoefplt that is what the economic -- end quote. that is what the economic development revitalation act will do. it will help americans achieve

Max Baucus

3:39:41 to 3:40:03( Edit History Discussion )

Max Baucus: what they cannot so well do for themselves. e.d.a. is the only federal agency charged solely with job creation. each dollar e.d.a. funding leverages nearly $7 in private-sector investments. from 2005 to 2010, during the administrations of presidents from each political party, the

Max Baucus

3:40:04 to 3:40:25( Edit History Discussion )

Max Baucus: e.d.a. awarded $1.2 billion in construction-related revolving loan projects. according to estimates, more than 314,000 jobs resulted from those investments. e.d.a. programs are critical to my home state of montana, a state with lower per capita income with great 21st century potential. when the timber industry in the

Max Baucus

3:40:26 to 3:40:49( Edit History Discussion )

Max Baucus: western part of the state suffered setbacks, we pared funding from the recovery act with state dollars to create an $11.7 million revolving loan fund. we enabled 34 companies to continue operating and supported nearly 2,000 jobs despite the economic downturn. in the eastern part of the

Max Baucus

3:40:50 to 3:41:10( Edit History Discussion )

Max Baucus: state, we experienced migration where the problem is both people and jobs leaving the area altogether, which e.d.a. can help us address in a new provision under this bill. a key feature of the bill is the increased federal share for areas that demonstrate unusually severe economic distress and unique circumstances. for instance, in the event of a

Max Baucus

3:41:11 to 3:41:33( Edit History Discussion )

Max Baucus: federally declared disaster, the federal share is to increase for 18 months. this applies to nonweather events like the september 11 attacks or a natural disaster like we experienced in montana where we're currently facing severely flooding. areas like brown belt, lodge

Max Baucus

3:41:34 to 3:41:55( Edit History Discussion )

Max Baucus: grass, fort peck, rocky boys and elsewhere are confronted with a crisis of biblical proportions on account of the floods. when i was in montana last week i witnessed challenges that confront us and i'm working very hard to ensure that federal resources will be available for those most in need, which is a legitimate object of government, as lincoln observed, this

Max Baucus

3:41:56 to 3:42:17( Edit History Discussion )

Max Baucus: sproefgs one more way to -- this provision is one more way to do that. also we have established a minimum 75% federal share under this bill to help indian tribes, tribes lacking sufficient resources to provide the typical matching share as is often the case in my home state of montana. i want to thank chairman boxer and ranking member inhofe for

Max Baucus

3:42:18 to 3:42:39( Edit History Discussion )

Max Baucus: their leadership in working on the bill. i think the e.d.a. administrator john fernandez for coming to montana to meet with my constituents in butte to help our communities and state and the country. in closing, this is a good bill with backing from both sides of the aisle. i urge my colleagues to support

Max Baucus

3:42:40 to 3:42:56( Edit History Discussion )

Max Baucus: it, support it strongly. we talk a lot about job growth, mr. president. here's an opportunity to do something about it and pass this bill. i yield the a senator: mr. president? the presiding officer: the senator from montana is recognized. mr. tester: before i get into my statement i want to thank the

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