businesses viable. we've seen in other industries where that has got son bad that the viability of the industry is compromised. what exactly the answer is, i don't know. i will spend a lot of time and energy on this, more than in the past, because we have such a some have said we should go to that 3 strike, and we are trying to figure that out. where wrong to try to use both industries to talk to each other with the trade associations. text of this hope is not based strictly on the people making accusations without some sort of due process. >> thank you very much. thanks to all the members for their expeditious questions here at least during the last half- hour. and thanks to all our panel members.

members for imforming us on this matter of public interest. we will be submitted additional questions in writing. and the record will remain open for such period of time as is needed to receive your responses. >> i want to thank you for that. mr. chairman, i would also urge that the committee call the fcc and the department of justice before us. there's a number of questions that appear to be in feed of answer. there are matters before those agencies.

>> today on "america and the courts," and look at women lawyers and the supreme court with sandra day o'connor talking about challenges they face in the legal profession and arguments before the supreme court. that is today at 7 eastern. tonight, coverage of the national team party convention continues with remarks from former vice presidential candidate sarah palin. see her address live at 9 eastern, and afterwards, we will open up our phone lines for your comments. in his weekly online address, obama urges congress to pass his initiatives aimed at small business owners, including a proposal to use money from the tar program for small business loans. he is followed by house

republican jeb penciling with his -- jeb hensarling. >> even though our economy is growing, too many businesses are still shutting. to many families cannot make ends meet. while yesterday we learned that the unemployment rate dropped below 10% for the first time since summer, it is still unacceptably high. to many americans still cannot find work. what we have to remember at a time like this is that we are not helpless in the face of our difficulties. as americans, we make our own destiny. before your own path. i am confident that as we come together and put aside the policies that are holding us back, we can do that again. we can rebuild its economy on a new, stronger foundation that leads to more jobs and greater prosperity. i believe a key part of that

foundation is america's small businesses. the places where most jobs began. these companies represent the essence of the american spirit, the promise that anyone can succeed in this country if you have a good idea and the determination to see it through. once in awhile, these ideas to not just lead to new businesses, but a new american product that forever changes the world. hewlett-packard began in a garage. google began as a simple research project. government cannot create these businesses, but it can give entrepreneurs the support they need to open their doors and expand or hire more workers. that is what we have always done in this country. the folks at southwest wind power in flagstaff, ariz., started their company and a small home. they have sold 160,000 wind turbines to 90 different countries and are hiring even more workers today.

when sam kohl walked into a small business mellons center in illinois, he did not have any business experience at all. he was given a loan and a business plan, and today his company is still growing with offices all over the midwest. last year, the steps we took supported over 47,000 loans to small businesses, and delivered billions of tax breaks to small business owners which helps companies keep their doors open, make payroll, and hire workers. but we can and must do more. that is why proposed a series of steps this week to support small business owners and the jobs they create, to provide more access to credit, more incentives to hire, and more opportunities to grow and sell products all over the world. because financing remains difficult for credit or the small businesses across the country, i propose that we take $30 billion from the top funds originally used for wall street and create a new small business

lending fund that will provide capital for community banks on main street. these are the small, local banks that will be able to give small business owners more of the credit they need to stay afloat. we should continue to waive fees, increased guarantees, and expand the size of loans for small businesses. yesterday i propose making it easier for small business owners to refinance their mortgages during these tough times. to give these companies greater incentives to grow and create jobs, i proposed a new tax credit for more than 1 million small businesses that hire new workers are way it -- or raise wages, as well as the elimination of all capital gains taxes on small businesses. we should provide targeted support to the most innovative small businesses, the ones with the greatest potential to export goods and products all over the world. a lot of these companies are the foundation on which we can rebuild our economy to compete in the 21st century. we just need little help

securing the financing they need to get off the ground. next week, congress will start debating many of these proposals. if anyone has additional ideas to support small businesses and create jobs, i am happy to consider them. my door is always open. i urge members of both parties, did not oppose good ideas just because it is good politics to do so. the proposals i have outlined are not democratic or republican. they are pro-business, pro growth, and pro jobs. leaders in both parties have supported similar ideas in the past. so let's come together and pass these measures without delay. let's put more americans back to work and give our small-business owners support to do what they have always done, the freedom to pursue their dreams and build our country's future. thanks for listening. >> i serve as the no. 2 republican on the house budget

committee. some of you may have seen me on television last week when i had the opportunity to ask the president if his new budget would once again triple the national debt and dramatically increase the cost to government to 25% of the economy, up from its traditional 20%. as you recall, the president declined to answer the question last week, but he certainly answered this week by submitting a new budget that does exactly what i feared. the numbers in his budget are simply breathtaking. a record $3.80 trillion in spending, more than $2 trillion in new job crushing taxes, not to mention a tripling of the national debt on top of the largest deficit in our nation's history. interest payments alone on this debt will set us back six trillion dollars over the next decade. that is about $50,000 per household. you probably believe that in america, you should work hard today so your children can have a more prosperous tomorrow.

with this budget, let's live easier today so our children have to work harder tomorrow. this time last year they promise that if we pass their stimulus bill and grew big government even more that jobs would be created immediately. they said unemployment would remain below 8%. republicans stood on principle and offered a better alternative. according to an analysis it would have created twice the jobs at half the cost. the democrats chose to go it alone and gems through their stimulus. what did the american people get? a bill for $1.20 trillion and 3 million more jobs lost. a miller -- americans are still asking, where all the jobs? all they are getting from washington is more spending, more taxes, more debt, and more bailouts. when it comes to budget matters, i usually find myself

agreeing with about 80% of what the president says, but i disagree with 80% of what he does. he puns the problem to a commission that does not yet exist. his recommendations may never see the light of day. we have to do better. his proposed spending freeze is not really a freeze at all. it exempts 86% of the federal budget from the freezer and does not turn on the freezer until next year, then turns it off shortly thereafter. when you run the numbers, the president's idea of fiscal responsibility amounts to choosing to grow government by 49% over 10 years instead of 49.27%. we have got to togetheto do bet. republicans have proposed

adopting strict budget caps that limit federal spending on an annual basis and are enforceable by the president. these camps were a critical point in the fiscally responsible budget alternative republicans proposed last year, and they were noticeably absent from the president's budget. the federal budget must never be allowed to grow faster than the family budget ability to pay for it. you can learn more about our better republican budget solutions on the web at solutions.gop.gov. at all their borrowing and debt to their government takeover of health care and their continued bailouts. is it a little wonder that job growth is lagging in our economy? small business owners and investors tell me every week, we are not taking the risk to start or expand a business in this climate. we cannot continue on this reckless path, and the american people know it, but is that to

democrats in washington to listen and change course. we are willing to work with them, but we will continue to stand on principle and oppose more reckless washington spending. we will fight for solutions that make government live within its means. our budget plan will help create jobs, prevent a fiscal calamity and give our children a brighter economic future. thank you for listening. >> we know historically that markets often do not work, but they forgot all that. >> this weekend, joseph stieglitz on "book tv." >> i am from minnesota, and i

have been down here since tuesday, and this convention is very encouraging. >> tuesday is two days before you could even register. >> that is right. i wanted to make sure i was here. i flew from pharr road, north dakota to atlanta, georgia. -- from fargo, north dakota. i drove to nashville. it was a demonstration of commitment where i bought the the an unusual car and had repainted just for this event. i think the event is so critical to the united states of america. it is a 1995 stretch limousine. it was black, but i had it painted brilliant purple. that is simply to draw attention to the event.

>> how you think the convention has been going so far? >> to me, it is more than encouraging. it is more than sold out. i tried to get some extra tickets, because i have to dinner tickets and only one convention ticket, and everything is sold out. >> what you hope comes out of this weekend's activities? >> i would like to see it refocus the vote of the big parties, and i would hope they think about their policies going forward, and its tea party apparently is catching on like wildfire all over the country. we as a nation, regardless of what party we used to belong to, we all need to hope and pray that this country can be restored.