Video archive of the US Congress

Senate Proceeding on Jul 22nd, 2010 :: 8:27:35 to 8:31:20
Total video length: 13 hours 35 minutes Stream Tools: Stream Overview | Edit Time

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Bob Corker

8:27:33 to 8:27:53( Edit History Discussion )

Bob Corker: this amendment, pass it now and get on the business with helping small businesses. and i thank you,madam president. and i yield the floor. a senator: madam president? the presiding officer: the senator from tennessee. mr. corker: thank you, madam president. i rise to speak about the vote that's coming up soon, the landrieu-lemieux amendment to the small business bill that

Bob Corker

8:27:35 to 8:31:20( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

8:27:54 to 8:28:15( Edit History Discussion )

Bob Corker: we're going to be -- that's before us. and, madam president, i first of all want to say that i respect tremendously both senators. i've enjoyed working with them on so many issues. many of us in the congress have worked over this last year to end the tarp program that went in place during a time of -- of a financial system meltdown.

Bob Corker

8:28:16 to 8:28:37( Edit History Discussion )

Bob Corker: i supported that, as did many in this body. 74 senators voted during a time of -- of critical stress in our country's financial system to put that in place. i also have pushed hard to end that program as soon as it was necessary -- unnecessary, and many of us have tried to end it. and finally that was done when the financial reform bill that

Bob Corker

8:28:38 to 8:28:58( Edit History Discussion )

Bob Corker: passed a couple weeks ago -- or this last week passed and became law yesterday. madam president, a lot of times around here we go through this process of erosion and that is an idea will come up and -- and it's embraced for one issue and then over time, as happened with

Bob Corker

8:28:59 to 8:29:19( Edit History Discussion )

Bob Corker: tarp, as a matter of fact, tarp was there to -- to rescue our financial system so that small businesses, people all across our country could continue to get payroll checks and do those things that our financial system provides. and then -- and then it became perverted. industrial policy was embraced after that, something that was

Bob Corker

8:29:20 to 8:29:41( Edit History Discussion )

Bob Corker: not the intention of tarp, and now we have another perversion of that i think by virtue of this amendment that's been put forth. madam president, i think in many ways this is more -- many of us were very concerned about the steps that were taken under tarp during that crisis. we felt like it was a crisis and

Bob Corker

8:29:42 to 8:30:02( Edit History Discussion )

Bob Corker: it was necessary, but in many ways, this is more insidious, in many ways, because not only is the government making an investment in financial institutions across this country country, it then is telling those institutions what to do with that money. and i know that -- i know that small businesses across this country are hurting. i've been a small businessman most of my life.

Bob Corker

8:30:03 to 8:30:24( Edit History Discussion )

Bob Corker: as a matter of fact, i still am a small businesspson. i still have small business interests. and i understand what it means to be a small businessman. i understand what i means to not have access to credit, to have difficulties during crises like this. i lived through one and had great difficulties like

Bob Corker

8:30:25 to 8:30:45( Edit History Discussion )

Bob Corker: so many people are having today. but, madam president, we have had a tremendous explosi of government involvement in the private sector, something that i don't think many americans ever, ever expected to see, and i think the last thing we need to do now, as americans are -- are retrenching, as the econo is beginning to grow, is to take

Bob Corker

8:30:46 to 8:31:07( Edit History Discussion )

Bob Corker: another step back i in this direction. madam president, i just want to say again i cannot more strongly object to the lemieux-landrieu amendment, even though again i respect them much. i urge people in this body that really believe in our market system and want to see us move ahead now with a healthy economy, i urge all of those

Bob Corker

8:31:08 to 8:31:21( Edit History Discussion )

Bob Corker: here in this body to vote against this bill. i think it's another step in a direction that our -- the majority of our country wants to move away rejection. madam president, i would like to

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