House Proceeding on Mar 25th, 2009 :: 1:40:25 to 1:42:40
Total video length: 1 hours 46 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:139 Duration: 0:02:15 Discussion

Previous speech:

Next speech:

1:40:21 to 1:40:42( Edit History Discussion )

Maurice D. Hinchey: proposed, that we're going to be considering in the very near future. we've got to stop this steam roll of socialism. -- steamroll of socialism. with that i yield back. the speaker pro tempore: the gentleman from kansas. mr. moore: i recognize the gentleman from new york, mr. hinchey, for two minutes. the speaker pro tempore: the gentleman from new york is

1:40:25 to 1:42:40( Edit History Discussion )
Speech By: Maurice D. Hinchey

1:40:43 to 1:41:05( Edit History Discussion )

Maurice D. Hinchey: recognized for two minutes. mr. hinchey: i want to say a few words on what is attempting to be done here in the context of this bill. the tarp situation which as we remember was set up last fall and in effect ram through here by the then secretary of the treasury authorized the expenditure of $700 billion. and under the last administration about $380

1:41:06 to 1:41:26( Edit History Discussion )

Maurice D. Hinchey: billion had already been spent. so what we're trying to do here now is to make sure that the rest of this money is spent in appropriate ways. we've already set up this special inspector general, establishing that piece of responsibility here and now what we're doing in the context of this bill is putting into

1:41:27 to 1:41:47( Edit History Discussion )

Maurice D. Hinchey: effect all the measures that are going to ensure the effectiveness of that special inspector general, to make sure he has the ability to carry out his responsibilities, to oversee the way in which this money is being allocated, how it is being used, what the impact of its use is. none of that was included in

1:41:48 to 1:42:10( Edit History Discussion )

Maurice D. Hinchey: that tarp bill which the evious secretary of the treasury came here and in effect forced through the congress. so this is an essential element here. this legislation is critically important. we need to make certain that these economic circumstances are dealt with but that they're

1:42:11 to 1:42:33( Edit History Discussion )

Maurice D. Hinchey: dealt with responsibly and effectively. and that's what this legislation is going to do. i can't see any reason why anyone would object to it, why anyone would put any opposition to it, why anyone would try to slow it down and getting effect. all of this is absolutely essential on behalf of the people of this country.

1:42:34 to 1:42:40( Edit History Discussion )

Maurice D. Hinchey: we heard some statements being made just a couple minutes ago about money being spent and allegations of how that money