so now, at ellison house that begins the plot. the plot. on saturday, march 8th, 1783, there arrives a messenger from philadelphia to general gates, colonel walter stuart. he was inspector general in the northern army, washington was very unhappy and spent so much time in philadelphia didn't seem to be attracted to newbergh, new york, but finally arrived and when he arrived he went first to the commander in chief to pay his respects and then went to general gates. general gates later wrote to a friend that colonel stewart as arrived with information from some of our friends in philadelphia, those friends could only have been of course, morris and morris, hamilton, madison and others. perhaps making overturns to general gates. that was saturday. the next day, sunday, was a very busy time at ellison house, because the staff was busy writing, in particular colonel john armstrong. armstrong was writing an address to the army at newbergh. we know he was write it the original is in his handwriting. it was copied that night and on monday morning w

well, i invite you to visit ellison headquarters, headquarters. it's a lovely house but it's small, eight rooms, four up, four down. and in ellisonparticular moment, three of his senior staff, several guards, cooks, et cetera. it was a crowded place, and, by the way, the ellison family wa there, too. they didn't want to leave. it's hard to imagine he wasn't aware. and the study of history when all else fails, when all your analysis and looking at documents fails, i invite you to apply common sense. and when you visit ellison house and look at this place and someone says to you that the general could not have known what was going on is ludicrous. of course he did. what are those people over in the corner doing? what are they talking about? what are they writing? he knew well. he knew well. and so now at ellison house there begins the plot, the plot. on saturday, march 8th, 1783, there arrives a messenger from philadelphia to general gates. colonel walter by the way, is known as the handsomest man in the american army. colonel stewart held a high rank. he was the inspe

keith ellison is a democrat from minnesota and member of the house financial services committee as we talk about fannie mae and freddie mac to help homeowners under water. we will get the perspective of david schweikert. that is live on c-span television. thanks for joining us on this thursday. enjoy the rest of your evening. >>> in a few moments, the head of the congressional office testifies on the economic outlook. in a little less than two hours, they will discuss extending a payroll tax cut and unemployment benefits. after that, the senate budget committee will talk about how the europe crisis will affect the u.s. >>> 2020 or half of all energy that navy uses afloat and ashore will come from non fossil fuel sources. >> from the first to use nuclear power for transportation, navy secretary ray mabus on new energy for the fleet. >> we are too dependent on volatile places on earth to get energy. we are susceptible to supply shocks and if we have enough, we have susceptible to price shocks. when the libya situation started and the price of oil went up $40 a barrel, that was almost a

coming up, we will talk to two members who serve on the house financial services committee -- democratic congressman keith ellison of minnesota and arizona republican congressman david schweikert. they will take questions on the economy and president obama's latest housing mortgage plan. >> over the past two and a half years the u.s. economy has been gradually recovering. while conditions have certainly improved, the pace of the recovery has been frustratingly slow. and particularly from the perspective of the millions of workers who remain unemployed or underemployed. fortunately over the past few months, in the cases -- indicators have shown signs of improvement. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] host: that was part of the testimony that the federal reserve chief ben bernanke gave to capitol hill yesterday in his outlook for the year 2012. as we start our program this friday morning we are going to ask you to tell us how the economy is failing in your local community and how you think it might in fact your vote and those of your neig

ellison. when you look at the revenues that are bleeding away from school districts, the harm these big banks did, and they used to be speculation housesthen they changed their names to banks. mr. ellison: they got to be holding banks. ms. kaptur: they got to be holding banks. but if you look at the harm they caused across america, it's still not over, and they're not being held accountable. actually, they got richer as a result of this crisis. six banks now control 2/3 of the finances of this country. six banks. before the crisis they controlled about 40%. so they just got bigger and more powerful while community after community has been struck with more homelessness, with declining revenues to school systems, declining revenues into coffers so they couldn't hire police. the drug trade is just locked down in some of these communities as people struggle to earn their way forward in the most unfortunate way. you know, you look at the harm this has caused around the country, it's profound, and i gave a special order the other day and i said i think what we ought to do with these big bankers, places like goldman sachs and ci timbings igro

ellison henderson middle school in falls church. that's just walking distance from the west falls church metro station. there's an open house tonight at 6:00. the forum begins at 7:00. you can get a list of all the fare hike hearings by going to wusa9.com and look under the morning news tab. >>> our time is 6:08. there's a full hour of 9news now still ahead. >>> howard says grab the umbrella. you will need it today. there's a big warm-up ahead too. that's tomorrow. we'll have your weather first just ahead. >>> deal is in georgetown celebrating leap day. >> reporter: it's a sweet leap day for many folks. we're the first camera crew to be live inside the sprinkles kitchen in georgetown because they're offering a special deal for leap year babies. we'll have details coming up on 9news now. >>> it's a little cool out there this morning. grab the rain gear. we'll have rain developing. in fact, by midday showers and storms possible. late afternoon break but another round of showers and storms possible this evening as well. highs will eventually climb late in the day toward 55. >>> howard, we're going to take a look at time saver

house for one minute. the speaker pro tempore: without objection. mr. ellison: mr. speaker, 1,300 minnesota workers have been denied their basic and most fundamental right to work and support their families. that's right, yesterday marked the six-month anniversary of workers at american crystal sugar factory in moorhead being locked out. locked out. many of these people have worked for the factory their whole lives. their parents worked there, and their grandparents worked there too. these workers have gone to work and gone to bat for the company. these workers, mr. speaker, stood shoulder-to-shoulder with the company to fight for a better sugar program in the farm bill because that's how dedicated they are. what have they got in return? they have gotten locked out. they're not on strike, they are locked out, because they will not accept an unfair, take it or leave it contract. these workers vowed not to strike because they know how important the work is but they have been locked out even though we have agreed to a no strike guarantee. it's wrong, mr. speaker. these

house remains silent. the senate passed a resolution in mid february, why haven't we? i and my colleague, congressman keith ellison, have introduced a resolution identical to the bill that the senate just passed on a bipartisan basis, and i urge my colleagues to speak out against the unspeakable violations that take place every moment doing right is long overdue. let's stop the horrors and mobilize the world to stop the killing. i yield back. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from pennsylvania seek recognition? without objection, the gentleman from pennsylvania is recognized for one minute. >> mr. speaker, i recently had the pleasure of viss illing an outstanding new company in western pennsylvania called cab bot guns. a gun whose believe in american exceptionalism and dedication to uncompromising quality have resulted in a new standard of precision made handguns. can bot guns -- cab bot guns are -- cab yot guns embodies the best of what this nation's finest machinists have to offer and are proof of the enduring prowess of the american dream. these high

ellison: our republican friends who are in the majority, they tell us that let laisez faire capitalism take over, let the housing market bottom out. government shouldn't do anything. just let all the houses' value go down to nothing, and eventually somebody will buy those houses that are just sitting there idle after people have been unemployed, can't afford them, and have to be foreclosed on. they tell us that so we should be laisez faire with that. they also tell us that we should not put deregulations in place, we should cut taxes so that the government doesn't have enough revenue to protect the people. to me this whole crisis seems like the product of a philosophy that the rich people don't have enough money and the poor have too much. this seems like a culmination of a philosophy that for the people through their democratic institutions to hold business accountable to play fairly and by the rules is sort of totally -- this philosophy has seen its full manifestation. and the full manifestation of this philosophy has brought us to financial ruin. and they won't even admit that. we haven't even seen, we haven'

listening to representative ellison and it's great to see a congressman who actually understands the concept of the elasticity of demand. he tried to portray the general sis of the housing bubble as being created by the private sector when that is 180-degrees the reverse. the low interest rates promulgated by the federal reserve and coupled with encouragement by government, democrats and'mans to increase housing purchases by people who shouldn't have been buying houses in the first place, led to the market to respond to that and the market will respond the market. if it's government created or naturally created be the free market at it going to respond. so i'm not going to apologize die apologize for some of the things they did. the subprime things were terrible and the creation of these subprime mortgages and what the rating agency did to help promote those was all bad. the general sis of this was government. it was not the private sector. and that's the point that needs to be brought out. it was totally wrong to promulgate an act like that. thank you. >> guest: look, i'm actually leaning towards your conclusions. government policy often creates incentives and disincen