Senate Proceeding 05-13-10 on May 13th, 2010 :: 0:22:45 to 0:25:25
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0:22:42 to 0:23:04( Edit History Discussion )

Bob Corker: we have up to 30 minutes equally divided on this amendment before the vote. the presiding officer: is there objection? mr. menendez: reserving the right to object- i'm not inclined to but what is the request? 30 minutes instead of five minutes apiece? the presiding officer: 30 minutes equally divided.

0:22:45 to 0:25:25( Edit History Discussion )
Speech By: Bob Corker

0:23:05 to 0:23:25( Edit History Discussion )

Bob Corker: is there objection? without objection, so ordered. mr. menendez: if the senator from alabama would yield for a moment, since i chose noto object, would you allow me to take two minutes of our time just to follow the sequence of the previous discussion so i won't interrupt the essence of your amendment? mr. sessions: i have no objection, mr. president. mr. menendez: thank you.

0:23:26 to 0:23:46( Edit History Discussion )

Bob Corker: i appreciate my distinguished cleesmght and i appreciate what my cleague from alaska had to say, but here's a couple of problems with that. if the first of all, when we call these independent drirls -- some of these independent drirls that are portrayed as small mom and pop -- some are like $20 billion

0:23:47 to 0:24:07( Edit History Discussion )

Bob Corker: companies, so they're not quite the mom and pop view we have of small mom and pop is abouts. number two, and if you dri you need to be able the damages because imagine in this particular spill had been done by a -- quote, unquote --

0:24:08 to 0:24:29( Edit History Discussion )

Bob Corker: "small company," what would happen? just because they were too small? the risk has been has to be what i would also say is i have a problem saying that the administration didn't say $10 billion is not the right figure, by any stretch of the imagination. ite on the contrary. they have said that they're for?? lifting the liability cap. now, when b.p. makes $5.6

0:24:30 to 0:24:52( Edit History Discussion )

Bob Corker: billion in three months, when the top five companies make $25 billion in three months, $10 billion is a drop in the bucket. and, finally, the suggestion that those who are harmed, the fisher mn, the commercial fishermen, the tourism companies and others, urmtly will be in a

0:24:53 to 0:25:14( Edit History Discussion )

Bob Corker: -- ultimately be in a position to stake claims in court, well, i know my colleague from alaska knows that what happened in the exxon valdez, it took 20 years for claimants to try to get their just response. and some of them fell off the way because they just couldn't keep hanging in there and they lost everything. i don't want americans to have

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

Bob Corker: to wait 20 years to get their response to what an oil company did. and lifting the liability cap tas care of that circumstance, so you don't have to litigate in