House Proceeding 01-29-08 on Jan 29th, 2008 :: 0:20:47 to 0:24:15
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0:18:59 to 0:20:47( Edit History Discussion )
Speech By: Charles B. Rangel

0:20:37 to 0:20:47( Edit History Discussion )

Charles B. Rangel: for what purpose does the gentleman from new york rise? mr. rangel: mr.el speaker, i move that the house suspend the rules and pass h.r. 4140, the recovery rebates and economic stimulus for the

0:20:47 to 0:21:01( Edit History Discussion )

Jim McCrery: american people act of 2008. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 5140, a bill to provide economic stimulus through recovery rebates through

0:20:47 to 0:24:15( Edit History Discussion )
Speech By: Jim McCrery

0:21:01 to 0:21:15( Edit History Discussion )

Jim McCrery: individuals, an increase in conforming and f.h.a. loan limits. the speaker pro tempore: pursuant to the rule, the gentleman from new york, mr. rangel, and the gentleman from louisiana,

0:21:15 to 0:21:27( Edit History Discussion )

Jim McCrery: mr. mccleary, each will control 20 minutes. the chair recognizes the gentleman from new york. n mr. rangel: mr. speaker, i ask unanimous consent that we extend the debate to 80 minutes ,

0:21:27 to 0:21:44( Edit History Discussion )

Jim McCrery: equally divided between both sides. the speaker pro tempore: without objection, so ordered. mr. rangel: mr. speaker, i ask unanimous consent to yield 20 minutes to be contlled by the chairman

0:21:44 to 0:21:58( Edit History Discussion )

Jim McCrery: of the financial services committee, congressman barney frank of massachusettsk . the speaker pro tempore: without objection, so ordered. mr. rangel: mr. speaker, i asked the nonpartisan joint

0:21:58 to 0:22:09( Edit History Discussion )

Jim McCrery: committee on taxation to make ax available to the public a technical explanation of the n provisions of h.r. 5140. the technical explanation expresses the committee's understanding and legislative intent

0:22:09 to 0:22:20( Edit History Discussion )

Jim McCrery: behind this important legislation. this explanation document jcx-5-08 is currently available on the joint committee's website.we and i like to take this time to -- i reserve at this time the

0:22:20 to 0:22:34( Edit History Discussion )

Jim McCrery: balance of my time. the spker pro tempore: the gentleman reserves the balance of his time. the gentleman from louisiana. is mr. mccrery: mr. speaker, i ask unanimous consent to allows the

0:22:34 to 0:22:45( Edit History Discussion )

Jim McCrery: ranking member of the financial services committee theth ability to control 20 minutes of the time on our side. the speaker pr o tempore: without objection, so ordered. or thank you, mr.

0:22:45 to 0:22:59( Edit History Discussion )

Jim McCrery: spethaker. mr. mccrery: mr. speaker, we're here this afternoon to discuss a matter that the president, treasury department, former f officials of the clintonned a m -- clinton administration,

0:22:59 to 0:23:15( Edit History Discussion )

Jim McCrery: all agree is extremely important for the economic health of the country. when we speak of the economic health, mr. speaker, we are talking about not only the rate of g.d.p. growth, not only

0:23:15 to 0:23:29( Edit History Discussion )

Jim McCrery: the health of the financial markets , we're talking about the impact on real people of a decline in the country's economic health. that means job losses, that means financial hardship for

0:23:29 to 0:23:45( Edit History Discussion )

Jim McCrery: individuals andd families. so the leadership, mr. speaker, of the house, democratic and republican, have worked hand in hand with the white house, the treasury department to craft a package

0:23:45 to 0:23:59( Edit History Discussion )

Jim McCrery: that we can call an economic growth package, an economic stimulus package. doesn't matter to me what we call it. but it seems to me, mr. speaker, that the weight of the evidence, if we listen

0:23:59 to 0:24:15( Edit History Discussion )

Jim McCrery: to the opinions of respected economists, respected former officials of the treasury department, current members of the treasury department, the weight of the evidence indicates to me, at least, that

0:24:15 to 0:24:25( Edit History Discussion )

Charles B. Rangel: the downside of this congress doing nothing right now is much greater than any downside of our doing something around the level of -- that is being proposed by the leadership in in house

0:24:15 to 0:30:18( Edit History Discussion )
Speech By: Charles B. Rangel