House Proceeding 02-03-09 on Feb 3rd, 2009 :: 0:12:25 to 0:13:50
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0:12:21 to 0:12:41( Edit History Discussion )

Lamar S. Smith: cars and appliances. but now that money won't be there for consumers or homebuyers or employers to borrow to expand the econo because government has borrowed it instead to increase government programs like the national endowment for the arts. madam speaker, when are we going to stop hurting the

0:12:25 to 0:13:50( Edit History Discussion )
Speech By: Lamar S. Smith

0:12:42 to 0:13:02( Edit History Discussion )

Lamar S. Smith: economy and start helping it? . the speaker pro tempore: for what purpose does the gentleman from texas rise? mr. smith: unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. smith: madam speaker, some people look at the huge so-called economic stimulus bill

0:13:03 to 0:13:23( Edit History Discussion )

Lamar S. Smith: and think, it's a christmas present. but the federal government is not elves are not producing this money. this money isn't free and the american people will get the bill. the trillion in spending and interest equals more than ,000 for every taxpayer.

0:13:24 to 0:13:44( Edit History Discussion )

Lamar S. Smith: the unprecedented deficit will inevitably hike inflation and damage the economy. only 30 billion, or 12% of this spending spree will stimulate the immediate creation of jobs which are needed now. most of the spending doesn't occur for two, three, or four years. it would be far more effective to provide tax incentives and

0:13:45 to 0:13:51( Edit History Discussion )

Lamar S. Smith: investment credits to the small