House Proceeding 03-16-09 on Mar 16th, 2009 :: 1:53:30 to 1:54:55
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1:53:26 to 1:53:46( Edit History Discussion )

Yvette Clarke: controlled by the democrats and president obama, then senator obama, said, i support it, too. is that your memory? mr. garrett: it's absolutely my memory. there were a few of us in the house raising our hands and saying, what are we spending $700 billion on? the idea was so the called purchase of toxic assets which never did occur. we said, shouldn't there, a, be

1:53:30 to 1:54:55( Edit History Discussion )
Speech By: Yvette Clarke

1:53:47 to 1:54:08( Edit History Discussion )

Yvette Clarke: another -- other alternatives considered? b, another implementation? and, c, shouldn't there be some restrictions or strings if you will attached to some of this? all of that was dismissed. all of that was put on the side. but you're absolutely correct. senator obama at the time supported it, as did the leadership of this house. not only did they support it in this house, they pushed it

1:54:09 to 1:54:30( Edit History Discussion )

Yvette Clarke: through so quickly that none of us really had an opportunity. we never had any markup on this bill and here, you know, thas the other little frustrating thing about all this and this is really how the american taxpayer, it must be so frustrating how their government works, how washington works. we spend the money today and then a day or a week or a month from

1:54:31 to 1:54:51( Edit History Discussion )

Yvette Clarke: say, we're going to have a hearing on this and see exactly what we spent the money on. we spent $350 billion, then $700 billion without so much as a markup on it, which is, for folks who don't know, the way a bill goes through and you can say, i want to put this in or take that out. without so much of a markup. we spend the $700 billion. then congress comes back and

1:54:52 to 1:54:55( Edit History Discussion )

Yvette Clarke: ys let's take look at this. we saw that on -- take a look