Senate Proceeding on Jul 10th, 2009 :: 3:11:05 to 3:32:35
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3:11:01 to 3:11:21( Edit History Discussion )

Orrin Hatch: action for debate, and any statements related to the bill be placed in the record tea ppropriate place a if read. the presiding officer: without

3:11:05 to 3:32:35( Edit History Discussion )
Speech By: Orrin Hatch

3:11:22 to 3:11:42( Edit History Discussion )

Orrin Hatch: the presiding officer: the senator from utah. hatch mr. president, i rise today to talk about the richest -- mr. hatch: rise today to talk about the richest man in the world, the new king of the hill. you won't find this financial titan in "forbes"'s list of the world's billion yaimples he

3:11:43 to 3:12:03( Edit History Discussion )

Orrin Hatch: hasn't started a megacomputer software soft like bill gates, nor has he made shrewd investments or inherited his moneyike wal-mart. the billions amassed over the years by these business magnets are chump change compared that collected by our current system who has ascended to the title of the world's wealthiest

3:12:04 to 3:12:25( Edit History Discussion )

Orrin Hatch: manly collecting trillions of dollars in a mere he now owns two auto manufacturing companies, oil sands and offshore drilling leases, interest in several hundred banks, and enough real estate holdings to make donald trump envyious. in fact managing this vast

3:12:26 to 3:12:46( Edit History Discussion )

Orrin Hatch: portfolio has become too time-tomb sciewmg and too much to hand. he recently said, "i don't want to run auto cssments i don't want to run banks. i've got two wars i've pot to run already. i a got more than enough to do so the sooner weak get out of that birks the better off we're going to be." i doubt even john d. rockefeller, cornelius

3:12:47 to 3:13:07( Edit History Discussion )

Orrin Hatch: vanderbilt or william randolph hearst could ever have dreamed of having that amount of control. but despite his confessed eagerness to divest himself of his newfound unprecedented wealth, the world's richest man, president to relinquish his vast holdings. i'm beginning to think he

3:13:08 to 3:13:29( Edit History Discussion )

Orrin Hatch: actually enjoys this, what i call obamanopoly. when taxpayers pick up the yellow or orange cards from the stacks, they will have to dig deeper to find this high stakes of obamanopoly. okay i realize that our president does not really personally own all this

3:13:30 to 3:13:51( Edit History Discussion )

Orrin Hatch: and wle i'm speaking tongue-in-cheek, my remarks do point to the very real serious consequences of ever-expanding united states government. we are moving to -- and i might that i care a great deal for the president and i don't want to person lail offend think the point is made. we're moving toward referred to as the europeanization of america.

3:13:52 to 3:14:13( Edit History Discussion )

Orrin Hatch: on the spectrum between anarchy and a centralized government invested with complete power and control, our current government is so far removed from the limited government that our funding fathers intended that their graves. there is method to this unprecedented meddling in the private sector. as the got

3:14:14 to 3:14:34( Edit History Discussion )

Orrin Hatch: manufacturers, banks, insurance companies and other private-sector businesses, we all become more dependent on businesses. the obama administration's answer to everythi is to take control of companies, increase regulation and spend, spend, spend. i might add, they're now about taxing taxing, and

3:14:35 to 3:14:55( Edit History Discussion )

Orrin Hatch: taxing more. not only does the groft more control over the comirks but it has a freer rein to regulate and restrict free speech. modern political thought is in many respects based on a dwings tbeen the public and private spheres. liberal democracies using the word -- quote -- "liberal" --

3:14:56 to 3:15:16( Edit History Discussion )

Orrin Hatch: unquote -- in the classical sense have historically been based on the notion that there are realms that are ripe for government involvement, the public's should remain unaffected by government, the private sphere. this is one of the central ideas behind the drafting of our beloved constitution in the founding of our nation.

3:15:17 to 3:15:37( Edit History Discussion )

Orrin Hatch: you indeed, the founding fathers were all tooware of the problems that could arise under a government that is too expanse and i have too as james madison, one of the main architects constitution, argued, all men have power -- having power ought to be -- ought to be distrusted to a certain let me say that again.

3:15:38 to 3:16:02( Edit History Discussion )

Orrin Hatch: all men having power ought to be distrusted to a certain degree. because of this inherent distrust of those holding power, government that was allowed to exercise its as alexander hamilton said, "there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power

3:16:03 to 3:16:23( Edit History Discussion )

Orrin Hatch: than by violent and usurpations." that's one of the great founding fathers, alexander hamton. well, when it comes to framing a desiring government, you must first enable the government to control the governed, and in the next place, oblige it to control itself. that's what hamilton additionally said. indeed, the geniu of our

3:16:24 to 3:16:45( Edit History Discussion )

Orrin Hatch: constitution is that it provides an effective government to strict limitations. but it isn't only the constitution that question observe -- in the constitution that we can observe the reel reel veeps of approximate public-private distinction during the founding fathers'

3:16:46 to 3:17:08( Edit History Discussion )

Orrin Hatch: culture of that era further demonstrate just how separate and distinct our nation has traditionally viewed the public and the private spheres. for instance, political philosopher tocqueville, in observing the uniqueness of american government and culture, described h in america address needs in their communities.

3:17:09 to 3:17:30( Edit History Discussion )

Orrin Hatch: now, he stated -- quote -- "when a private individual mediates an undertaking, however directly connected, it may be the of society, he never thinks of soliciting the cooperation of the government, but he publishes his plan, offers to execute it himself, courts the assistance of other individuals, and

3:17:31 to 3:17:52( Edit History Discussion )

Orrin Hatch: struggles manfully against all obstacles. undo successful than the state might have been in his position, but in the end, his private undertakings far seeds all that the government could have done." i believe this spirit of private determination still exist in our beloved -- exists in our beloved country. i've argued many times that the american people are the most

3:17:53 to 3:18:13( Edit History Discussion )

Orrin Hatch: inventive and in the world. however, in an era when the president can impact huge portions of the american economy, that spirit is given little opportunity to work its imagine nick the pri sector -- maiming i can in the private sector. indeed, james madison argues that -- quote -- "there are more instances in the abridgement of

3:18:14 to 3:18:36( Edit History Discussion )

Orrin Hatch: people by gradual and silent encroachments by those in power than by violent and sudde usurpations." i wonder how madison would have viewed some of our current president'secent mr. president, ours is a ghost from th beginning has been limited in what it can do and how far it may encroach into the private sphere. those limits are not defined by the nation's economic

3:18:37 to 3:18:57( Edit History Discussion )

Orrin Hatch: circumstances or political whims. there is not an exceptn in the constitution that allows popular presidents to exercise more power than unpopular ones. rs is the constitutional republic on the planet. not because of change, hope, or adaptation, but because of

3:18:58 to 3:19:19( Edit History Discussion )

Orrin Hatch: consistency and respect for the limitations imposed upon our institutions. i believe many of the times we have struggled have been those in which we have strayed from the principal obligation that our constitution imposes on the federal government, the obligation to control itself. one such cited by the administration and

3:19:20 to 3:19:40( Edit History Discussion )

Orrin Hatch: my democratic colleagues to justify the steps the president has taken, is the great depression. some may say the great depression was the las saw such an expansion of government power. it came in the form o new deal. as you can see, the former "time" magazine. it came in the form of new deal, which is now the model

3:19:41 to 3:20:01( Edit History Discussion )

Orrin Hatch: for how the president intend to make the federal government and our economy. they credit the new deal with ending the depression and claim that this new expansion will cure our i hope for our country's sake that they're what new

3:20:02 to 3:20:22( Edit History Discussion )

Orrin Hatch: mention when making their case is policies in place, the pression lasted for decade and, in fact, deepened in the late 1930's. coincidentally -- and i use that word sarcastically -- the new deal's supposed effect wasn't fully realized until the united

3:20:23 to 3:20:43( Edit History Discussion )

Orrin Hatch: states entered world war ii. now, i don't mean t argue that our current situation is directly comparable to the great depression. i would say it is far from it. but i do hope that the democrats' long-term pla to keep expanding the feral government for several years, wait for an unforeseen outside calamity to take place and rescue the economy and then

3:20:44 to 3:21:04( Edit History Discussion )

Orrin Hatch: credit -- take credit for the recovery 78. to be sure, roosevelt's new deal was not without some success, but it largely failed to restore prosperity to the american economy because, instead of implementing policies aimed at fostering economic growth and expansion, it was designed as a

3:21:05 to 3:21:26( Edit History Discussion )

Orrin Hatch: top-down restructuring of the economy, making the government the major decision-make economic matters. the results were labor policies designed to preset wages at levels preferred by unions, regardless of market conditions, trade and manufacturing policies designed to set production at levels other than those set by

3:21:27 to 3:21:47( Edit History Discussion )

Orrin Hatch: supply and demand, and taxes on business that -- or businesses that stifled growth prevented themrom hiring new employees. sadly, the president and the majority leadership in congress have apparently decided that despite these shortcomings, the new deal should be repeated. we've seep it in the president's efforts -- we've seen it in the president's

3:21:48 to 3:22:08( Edit History Discussion )

Orrin Hatch: efforts to seize con companies, to his labor union supporters. we see it in proposals here in congress to use the bankruptcy code to basically preset interest rates for lenders. and at a time when credit is already harder to come by, that's what they're doing. and we're seeing it in the

3:22:09 to 3:22:30( Edit History Discussion )

Orrin Hatch: proposals to raise taxes o small businesses despite harsh economic times and rising unemployment. president richest man in america these days, but is he doing so on the back of the ameri if h his efforts will not leave anyone else in america any richer or better off.

3:22:31 to 3:22:54( Edit History Discussion )

Orrin Hatch: it is not hard the government growing at an exceptionally fast pace. government employees as a percentage of america's population, one can easily see how we've increased the government. in 1815 -- in 1815, the u.s.

3:22:55 to 3:23:15( Edit History Discussion )

Orrin Hatch: numbered 8.3 million people. 4,837 of which were government employees. 1/20th of 1% of americans worked for the in 2007, our 281 million americans, 2.7 million of them government employees

3:23:16 to 3:23:38( Edit History Discussion )

Orrin Hatch: that is nearly times the num employees in 1815. 1% of the population times the number of government employees than th increase given this president's budget, whi

3:23:39 to 3:23:59( Edit History Discussion )

Orrin Hatch: government programs. another indication of the growth of government power can be illustrated through the amount of government the organization of economic cooperation and development figures show that government spending in the united states is on the rise. comparable with that of european countries. in fact, government spending has decrea

3:24:00 to 3:24:20( Edit History Discussion )

Orrin Hatch: nations whe it has increased in the united states. in france, for instance government spending is close to 50% of while england's government spending is roughly 44% g.d.p. now, this is all spending, government spending.

3:24:21 to 3:24:41( Edit History Discussion )

Orrin Hatch: germany's is 45% in the u.s., federal government spending has been around 20% historically. however, to accurately compare the u.s. to european nations, it is necessary t and local spending once that is factored in, and much of that is federal government and the programs that we're with here, but once that's

3:24:42 to 3:25:02( Edit History Discussion )

Orrin Hatch: factored in, u.s. government spending exceeds right now the second bar graph above, 37% of g.d.p. and that is before president obama's stimulus package and budget for are taken into acc us, it is almost a foregone conclusion that by the end of

3:25:03 to 3:25:25( Edit History Discussion )

Orrin Hatch: this year, total government spending in the united states will appach that of many european governments we've jumped way ahead from the 2008 figure to the current barely behind the european countries. now, if you take a look at president obama's past five

3:25:26 to 3:25:48( Edit History Discussion )

Orrin Hatch: months in office, you will see the largest proposed ten-year spending increase in our nation's history we hav $787 billion or close to $1.3 trillion if interest is taken into account. we have nearly exhausted the relief program, and we have a budget proposal estimated to

3:25:49 to 3:26:10( Edit History Discussion )

Orrin Hatch: create a $9 trillion deficit over the next ten according to the congressional budget office, that's what's going to happen. to put that another way, federal spending would be nearly 24% of our nation's g.p. government spending alone in 2009 will reach 27%. now, that's federal government

3:26:11 to 3:26:31( Edit History Discussion )

Orrin Hatch: spending alone in 2009 will reach 27%. now, when you add in state and local spending, that will put us nearly on par in total government spending with germany. as you right there. the american utahans, are speaking out against this incr in the

3:26:32 to 3:26:55( Edit History Discussion )

Orrin Hatch: size of government. they are tax-enough-already, or t-rallies, around the country and they are fed up with the government bailout after -- bailout. they correctly wonder when or if this government expansion will ever stop. that's why i have introduced pieces of legislation to reduce

3:26:56 to 3:27:16( Edit History Discussion )

Orrin Hatch: govern one is limitation on government spending act, the logs limit government spending to 20% of g.d.p. the second one is stop the tarp asset recycling act, the star act, and that's to prevent perpetual national -- ou with ret

3:27:17 to 3:27:37( Edit History Discussion )

Orrin Hatch: don't just take them and spend more. give them back to the taxpayers. give them back to the government so that we can pay down some of these deficits and some of these problems that are going on. important bills. let me just discuss them again. the limitation on government spending act government spending to the

3:27:38 to 3:27:59( Edit History Discussion )

Orrin Hatch: national historic average of 20% of g.d.p. while i believe government spending should be much lower is ensure that government spending does not get out of control like the way it is currently headed. further month, the stop tarp asset recycling act would require all funds paid out of the troubled asset relief

3:28:00 to 3:28:20( Edit History Discussion )

Orrin Hatch: program or tarp -- and that amounted to those funds that are returned are paid back placed in the general fund to pay down the anything's debt instead of being recycled back into tarp or more spending. otherwise, tarp could become a revolving slush fund for the treasury department to bail out

3:28:21 to 3:28:42( Edit History Discussion )

Orrin Hatch: or seize companies. now, it's a time that we put an end to that. the obama administration's honeymoon is over. more americans than ever that we need to rein in administration's runaway government spending, and i might add, we better be prepared for

3:28:43 to 3:29:04( Edit History Discussion )

Orrin Hatch: their belief is to spend and tax and build the federal government at all -- that we need to rein in this administration's government spending. according to a "washington post"/abc news of americans are now con that president obama's $787 billion stimulus

3:29:05 to 3:29:26( Edit History Discussion )

Orrin Hatch: will boost the economy. think about it. barely half of all americans. furthermore, a "usa today" poll reveals that a 51% majority disapproved of the job h done in controlling federal spending. even president obama agrees with this. after the massive amounts of vernment spending he has signed into law, president obama

3:29:27 to 3:29:49( Edit History Discussion )

Orrin Hatch: had the audacity to proclaim in an april 18 weekly address that we need to restore responsibility and acuntability to our federal budget. who are we kidding? the president cannot put us on a course to a $9 trillion deficit and then tell us that we need to be more fiscally responsible. that is akin to someone killing their parents and then

3:29:50 to 3:30:11( Edit History Discussion )

Orrin Hatch: complaing about being an or orphan. in the same address, the president continued this hypocrisy by saying -- quote -- "we are on an unsustainable course and we need to restore the people's confidence in government by spending their money wisely." but, wait, it gets even better. after signing into law a $787 billion stimulus and a

3:30:12 to 3:30:32( Edit History Discussion )

Orrin Hatch: $3 trillion deficit, he nobly stated -- quote -- "if we want to spend we, need to find somewhere else to cut." now, if you doubt the hypocrisy, you do not have to look further than the current health care debate or the cap-and-trade program he proposes to pay for by leveling -- levying even more taxes

3:30:33 to 3:30:55( Edit History Discussion )

Orrin Hatch: and the closest he has come to cut spending calling on the department heads to find $100 million in savings -- $100 million. i guess you would call that "pocket change," that we can believe in. mr. president, enough is enough. no more spending. no more taxes. no more government expansion.

3:30:56 to 3:31:20( Edit History Discussion )

Orrin Hatch: we are not looking for a new, new deal. we are look for smaller, more efficient government. we are not looking for another government bailout. whatever happened to ask not what your country can do for you, ask what you can do for your country?

3:31:21 to 3:31:41( Edit History Discussion )

Orrin Hatch: where obam obama concerned, game is over. as former president gerald ford said, a government that is big enough to give you all you want is big enough to take it all away. mr. president, i'm really concerned about what's going on. i a very, very attractive human being.

3:31:42 to 3:32:03( Edit History Discussion )

Orrin Hatch: i personally like him. but i think this tax-and-spend set of policies that we're seeing is taking our country down to the point of ruin. and we've got to stand up and stop it. i got to trillion you, if we don't do it, our kids and our grandkids and our great grandkids and elae and i have

3:32:04 to 3:32:17( Edit History Discussion )

Orrin Hatch: all three, they're going to be paying a huge, huge price. with of a quorum. the presiding officer: the clerk will call the roll.