senator bennet. >> thank you, mr. chairman, and again -- excuse me, i really want to thank you for holding this hearing. this is an issue that i've been working on ever since i got here. and now i know why. the testimony i think has been excellent today and i'm familiar with the work that everybody here has done. and i find remarkable the degree of consensus around a lot of the issues that we face and i think that reflects how big the gap is between a statute that was written in 1938 and the world as we're living in it today, the changes that are accelerating because of the shrinking global economy that we face, and this lack of -- an update -- or our lack of a regulatory regime that reflects reality is bad for our consumers and it's bad for our business, and i think that's why we need to be urgent in fixing it. and it's been remarkable to read some of the polling data around. there's some in the mandatory recall suggestion -- first of all the f all. 90% of the american people support it and they believe that when the

bennet: thank you. i thank the senator from new york. this gives you a sense of the widening in equality that's happened. -- widening inequality that's happened. this is average income, different from median income. while middle-class income has been falling, fell throughout this ten years, average income actually went up, because a few people at the very, very top of the economy did incredibly well over this period of time, have done incredibly well. in fact, this is the very top, .1% of our earners, they went from here to up here. and then the top 1% saw an incline. but here's everybody else. this red line down here, this is 90% of the people in america. their average income was flat. from 1967 to 2006. that's 90% of the people that live in the united states. it's hard to see how people can get ahead under circumstances like that, and it's no wonder that we got these alarming numbers this week from the census bureau that shows that there are 46.2 million americans now living in poverty. that's a 46% increase since 2000. i had to look t

. >> i don't know if it is better -- >> i am learning toward bennet now. >> he's a blue collar.rong with driving an american car even if it was an escalade. it is still an american car. >> he is playing the blue collar thing. i said the cameras are off now you can tell me the truth. whose car is it. he said you put a stack of bibles it is not my escalade. >> blue collar. he's real. >> all right. >> she buys american, she just doesn't wash the car. >> that's rue. >> she makes me do it for her. >> we will see you. ms. [ male announcer ] new act total care dry mouth is alcohol-free and has fluoride to strengthen teeth. >>> on this episode of eye on the bay, we're

chairman. >> senator bennet. >> i really want to thank you for holding this hearing. this is an issue i have been working on ever since i got here and now i know why. the testimony has been excellent today. i am familiar with the work everybody here has done. i find remarkable degree of consensus around a lot of the issues we face and that reflects how big the gap is between the statute that was written in 1938 and world we're living in today. changes that are accelerated because of the shrinking global economy we face and this lack of an update for our lack of regulatory regime that reflects reality is bad for our consumers and it is bad for business. that is why we need to be urgent in fixing it and it has been remarkable to read some of the polling data around this, the mandatory recall suggestion for example. everybody thinks the fda already has that. 94% of the american people support it. they believe that when they walk into their grocery store or their pharmacy that the drug is produced in the united states. that is not true. they believe somebody has looked at

[cheers and applause] and michael bennet. [cheers and applause] congresswoman diana dig at.[cheers and applause] congressmen ed perlmutter. your own hometown mayor, michael hancock. [cheers and applause] and former friend -- current friend, former mayor and one of the finest public servants in colorado history, frederico pena. [cheers and applause] so it is good to be back in colorado, especially on a gorgeous day late is. it's always like this in late september, is an? absolutely. it's an honor to be here at lincoln high school. [cheers and applause] and i want to give a special thank you to emelia for that wonderful introduction. [cheers and applause] i was just talking to emelia. she is a senior this year. and she is planning to go to college and planning to be a doctor and i am absolutely certain she is going to succeed in everything she does. and she is an example, great example of how smart are courses in better technology help guarantee our kids the foundation they need to graduate and compete in this new global economy. so we couldn't be prouder of emelia and we coul

waste amounts to a total of 20% of contracts and grants bennet -- grants spending. we base these ranges on hearing testimony, our own commission research, a non-public government documents on fraud research that were performed in theater. we believe as much or more waste it may develop as programs and projects turn out to be unsustainable by the iraqi afghanistan government. as to that point, i want to be clear that this report is not about criticizing contractors. it is about criticizing bad contract in. whether that involves poor planning by officials or poor performance and and misconduct by companies. even if you take the upper range, a significant amount of money spent on contracts and grants in theater appears to be spent affectively. that point is important. the troops certainly feel that way. at all levels for the quality and effectiveness of for the effectiveness of u.s. effort. our focus on problems derive from our concern that the cost of contract support has been unnecessarily high. competition -- government has not effectively managed contracts to promo