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Senate Proceeding on Sep 17th, 2009 :: 8:34:55 to 8:39:05
Total video length: 9 hours 45 minutes Stream Tools: Stream Overview | Edit Time

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John Ensign

8:34:39 to 8:34:59( Edit History Discussion )

John Ensign: quorum call: a senator: mr. president? senator from nevada. a senator: motor vehicle, i ask that the call of t -- mr. president, i ask that the call of the quorum be dispensed with. the presiding officer: without objection. ensign science i ask unanimous consent to -- ensign science i ask unanimous consent to speak as if in morning business. the presiding officer: without

John Ensign

8:34:55 to 8:39:05( Edit History Discussion )
Speech By: John Ensign

John Ensign

8:35:00 to 8:35:20( Edit History Discussion )

John Ensign: objection. mr. ensign: the foreclosure crisis has turned my state int literally a ghost town. the grass of the housing market has been at the root of our economic crisis. we have to focus on fixing the

John Ensign

8:35:21 to 8:35:42( Edit History Discussion )

John Ensign: housing pblem in this count if we want many of the states that are still severely suffering to have their -- the economies turned around. in february i offered a bill called a fixed housing first bill. and this would have done just that. it would have turned the housing market into this -- in this country around. i believe it would have created

John Ensign

8:35:43 to 8:36:03( Edit History Discussion )

John Ensign: jobs all across this country including my home state of nevada. my first -- my fixed housing first act would have let american homeowners refinance their mortgages at around a 4% interest rate in a 30-year fixed mortgage. this would have meant on average of around $300 to $400 savings

John Ensign

8:36:04 to 8:36:24( Edit History Discussion )

John Ensign: per month for the average homeowner in the united states and back in my hometate of nevada. additionally my bill included a provision produced by senator isakson from georgia that was a $15,000 home buyer tax credit to incentivize homeownership and

John Ensign

8:36:25 to 8:36:47( Edit History Discussion )

John Ensign: create the stepping stone for our country to come out of the housing crisis that it was in. and while my bill was defeated along partylines, we were able to pass an $8,000 first-time home buyerax credit, sponsored by myself and senator ben cardin from maryland.

John Ensign

8:36:48 to 8:37:08( Edit History Discussion )

John Ensign: today i join my colleagues, bipartisanly, to ext this $8,000 fir-time home buyer tax credit for another six months until june of next year. unless the congress ac this $8,000 tax credit is set to beings prior at the end of -- expire at the end of november. and all of the evidence is showing that the tax credit is

John Ensign

8:37:09 to 8:37:29( Edit History Discussion )

John Ensign: working. if we don't extend this tax credit, what we're going to see basically, homes that are going to be sold in this country will simply be the foreclosure homes. so, mr. president, we need to act in the united states senate in a bipartisan fashion to

John Ensign

8:37:30 to 8:37:50( Edit History Discussion )

John Ensign: extend the first-time home buyer tax credit of $8,000. it's the right thing to do to help get housing back on the track, especially in states like nevada, florida, california, arizona who are still really suffering when it comes to the housing industry. it's at the root of a lot of the

John Ensign

8:37:51 to 8:38:12( Edit History Discussion )

John Ensign: -- economic problems that we have in this country. so, mr. president, i would encourage this body to act because chairman bernanke said the other day that the recession's over. at a 9.7% unemployment rate in this country, i don't think the recession looks over to those

John Ensign

8:38:13 to 8:38:33( Edit History Discussion )

John Ensign: people who are still out of a job. when you look at my state, over 12% unemployment rate, clark county, where las vegas is, over 13% unemployment rate, i don't think folks there think that the recession is over. so we need to continue to do work to fix this economy and

John Ensign

8:38:34 to 8:38:45( Edit History Discussion )

John Ensign: this first-time home buyer tax credit is a good mr. pres and note the absence of a quorum. the presiding officer: the clerk

John Ensign

8:39:00 to 8:39:05( Edit History Discussion )

John Ensign: will call the roll.

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