or government fled to entrepreneurship. so with that, i will sit down and let are all talk and am looking forward to the q and a. [applause] >> our next speaker is co author arnold kling, independent scholar and a scholar at cato. in the was once upon a time and economist on the staff of the federal reserve system and also a senior economist at freddie mac or he got an eyeful of mischief that later was to explode in all of our faces. he's also an entrepreneur who started one of the first commercial sites on the web and author of several books including ak kobuk, prices of abundance: rethinking of how we pay for health care. also a strange quirk of publishing, another book besides "from poverty to prosperity: intangible assets, hidden liabiilities and the lasting triumph over scarcity" that came out recently called unchecked and unbalanced about the were in conflict between two trends, the growing dispersion of knowledge and the growing concentration of power and how those two trends don't go together very well. but now he's

entrepreneurship, because it is in our mutual economic interest pipi.all of our trade combined is still only about the same as our trade with one country, mexico. there is more that we can do together in partnership to foster prosperity and all of our country'ies. real change comes from the bottom up, the grassroots. it starts with the dream and passion of a single individuals serving their communities. we have someone here who transformed how we communicate, as well as entrepreneurs who have opened cyber cafes, new forms on the internet for development and discussion. together, you can develop the technology that will shape the 21st century. we have someone here who built a telecommunications empire that powered communication throughout africa. we have aspiring entrepreneurs who are looking to grow their businesses and hire new workers. together, you can challenge the task of accessing capital. we have trailblazers, including a 20 year-old student from the west bank who wants to build recreation centers for palestinian youth. we have women and entrepre

so in other words, in the case for of entrepreneurship and making that bible. and i have to say that one thing that's quite important for that is health care. i would not have been able to go into business if it were not for the fact that my wife had a job with health care, and i think there's a lot of people out there who that is the stumbling block. >> you can read his book or he will fix your motorcycle, "shop class as soulcarft" an inquiry into the value of work by matthew crawford. >>> james finnegan recalls his time as a vietnam surgeon in 1967 and 68 where he headed the team of doctors. dr. finnegan, wounded during the war was awarded a purple heart and bronze star. the army and navy club in washington is the host of this event. it's about 50 minutes. >> this is a singular honor for me tonight. i want to first say how humbled by and by this whole event. we've stayed here before. i am well aware

hosting a summit for more than 50 countries with sizable muslim populations, and it's a summit on entrepreneurship. maybe that sounds like small potatoes compared the big nuclear summit the white house hosted last week, but i think it's even more important. world peace will have economic roots. muslim economies are eager to shift away from oil, and they know a startup culture is key. actually, these countries are already changing. the reality of this century is that economic growth is flowering almost everywhere, not just exotic places like china and cupertino. a big reason progress has been so measurable is simple. there's something to measure. since 2004, the world bank has been publishing the "doing business report", which compares national economic policies across the globe. according to the 2010 edition, nine out of ten middle eastern and north african nations made at least one reform making it easier to do business, say start a company or hire a worker, with less regulation getting in the way. here's an example. in 2004, it took 42 days to start a company in a typical middle eastern country.

. >>> president obama is hosting an entrepreneurship summit aimed at partnerships with muslim nationse meeting in washington stems from a promise the president made to the muslims last year. >>> and the president is also we can l welcoming professional guests to the white house. he's honoring the new york yankees for the 2009 world series victory. >>> and later on "good morning america," we go behind the scenes at the homeland security department at the super secure center. the hub where the government tries to prevent disasters. >> for everyone else, your local news is next. >> for everyone else, "america this morning" continues after this. for all thments that make every day special. fancy feast created a way to celebrate any moment. fancy feast appetizers. [dinner bell chimes] simple high quality ingredients like wild alaskan salmon, white meat chicken, or sea bass and shrimp in a delicate broth, prepared without by-products or fillers. fancy feast appetizers. celebrate the moment rheumatoid arthritis going? they'reiscovering the first self-injectable ra medicine you take just once

i'm a professor of entrepreneurship at mit. i'm not opposed to risk i think it is a driver of growth in the world. but think about goldman sachs, goldman sachs is a bank holding company and became a bank holding company in september, 2008 as a to save it from collapse. has access to the fed discount window. it's private equity does well i can assure you they will make all like bandits to use a technical term. if it goes badly whose problem is that? is a bank with access to the discount window. we cannot let these banks fail. and goldman sachs says okay we will just not be your bank. supplement guys, they were a rather loose not entirely accurate term the they were not regulated by the federal reserve. and they took a lot of risks and they were on the verge of failing for no fault of their own in the book they would like to defer if you let them out of this size with these characteristics of this relation to the rest of the system and they get in trouble again he will give them access to the federal reserve and you may promise u

he is the ronald eckert professor of entrepreneurship at mit sloan school of management and a fellow -- senior fellow the peterson institute for international economics in washington, d.c.. he's the co-founder of baseline scenario focusing on the world economy and he's a member of the congressional budget office panel of economic advisers. in in january of this year he joined the huffington post as contributing business sector. prior to joining the faculty of mit, dr. johnson was the chief economist from the international monetary fund. he received his ph.d. from mit, holds an m.b.a. from the headers of manchester and be a from oxford. following remarks professor johnson will be taking questions from the audience so if you have a question i asked you to wait for the microphone that will be brought around to you in order that the video equipment will be able to pick up the question. please join me in welcoming professor simon johnson. [applause] thank you very much, everyone for taking time on this beautiful summer evening of early april to come and listen to a talk in doors. i would

really, for the last decade, students have been very interested in entrepreneurship and developing community outreach from the very beginning, even if they are going to go into the financial industry, they are also going to be associated with micro- enterprise activities for the promotion of schools to improve financial education, like elizabeth warren was interested in. this is a wonderful intellectual force developing all kinds of opportunities going forward. >> molly, you have the numbers. when timothy geithner said 7% of all fortune 500 c.e.o.'s are women, what are you seeing as far as job opportunities out there and the challenges? >> well, i see a great opportunity for women in the economics. represents about region we represent about one-third of the majors of economics and finance. it is different than the business school where it is about 50%. right now, there are tremendous and opportunities to be a part of an increasing talent pool in the economics. i need to add myself to the list of those who fell in love with economics. i started university in tending to major in math. it took

healthcare reform is not going to be solely a function of garage-style entrepreneurship. it isn't going to happen that way. of course, then the theological debate is but government has no role in innovation or shouldn't because we got to let this inscrutable process take its course and of course the other extreme is well, you know, we have to have enlightened, you know, public sector policies to be able to drive the reasonable allocation of resources and service this big audacious goals. of course, the truth is usually somewhere in between, in my view. >> richard, to you. >> you're mulling. i can see you mulling. >> i'm mulling, yes. i think the challenge is to back off our need to look at big picture issues and instead look at granularrizing the need to enable the innovative capacity of diverse entities whether they are frirms or individuals and ask what are the entry barriers that exist now and can we eliminate them or reduce them substantially? i assert that there is an fundamental misstanding of the innovation process that we have stigmatized. those of us who have man

the innovation ecosystem or business and entrepreneurship is really the best in the world. we are the envy of the world. people are trying to emulate it. it's still can't quite get it right, because there are many factors which build the ecosystem and the third one i believe is the idea that as was pointed out, the kids in our colleges are knocking on our door, breaking down our door, saying we want to work in energy and it is a different generation, and know, tell us what to do, where to go, and you know, how to do it. and they're going to figure out how to do that, and so our goal, is to be the catalyst, is to unleash the technological in slowization in the united states -- innovation in the united states, is to harness these strengths an unleash that and we try to do that and our goal is to look for destructive technologies. it's not the business as usual incremental, because i think we are in this mode of history that i think we need to look in part but we also need to look ahead. just to give you an example, we invented lithium ion batteries, we have 1% of the manufact

he needs to focus on a free market, getting people back to work and encouraging entrepreneurship. >> i hear you. your point is brilliantly taken. mark, i want your reaction to something different. a number of democrats who appear to be glomming on to your cause and what you and jennifer are talking about. i want you to listen to this. >> i need you to be as excited as the tea party people are. will you help me? will you get excitedded? >> you don't hear people say it don't matter, that we can pass expansion in government without paying for it. >> we may have fall neonen into the trap of painting the tea partyers as extremist when in fact they're ticked off, conservative americans. >> morning and -- congratulations you're no longer nuts. mark, what do you think of that? that was just some of the sampling. >> i think what's going on is they have tried to marginalize us. they called us nazis and tea baggers. they're looking at the polls and when you see 48% of americans believe we represent their values better than the president, these people know they're in severe electoral trouble so

. >> reporter: named teacher of the year by the national foundation for teaching entrepreneurship innce i lived to ms. moran in class i heard her say invest in your money. investing your money and now i'm going to listen to her. >> these kids are awesome. students can opt to get their profit in cash on graduation day, ali or put it in a 529 college savings plan. in which case ariel kicks in an additional $1,000 reward. >> that in itself is a lesson. don't take the cash, think about the future. put it in a 529. there's so many options with that 529. >> totally. >> invest in somebody else's. invest in yours, get a tax deduction. >> the majority of the kids do they take the money or 529 investment? they do the investment. >> great. >> kids have learned as they've gone through that money's going to grow. starting to learn about compound interest. the more time the better it will be for them. it you're not lucky enough to have ariel in your neighborhood, how do you make sure your kids learn all mees these money lessons? they're the exception, not the rule. >> our good friend joins us agai

as you promised -- as he promised ankara, next week the president will host a summit of entrepreneurshipusiness leaders an entrepreneur from more than 50 patients including many of muslim majority countries and israel to promote our common prosperity. to a dance values that are universal, the president has made it clear that the united states will of all our ideals at home and abroad. that will include the right of people to have a say in how they are governed. as the president said in cairo, the u.s. is committed to supporting governments that reflect the will of the people. history shows that these governments are more stable, more successful, and more secure. political reform and effective and accountable governments will remain core elements of our vision for the future in the middle east and around the world. to let fans a just and sustainable international order, the united states is working to ensure that both rights and responsibilities of all nations are upheld. for example, the new start treaty with russia is part of our comprehensive agenda to pursue a world without nuclear we

america remains thee:8ñ best place in te world to create capital and get credit that drives entrepreneurshipeates jobs. >> greta: thank you sir. here's what is coming up after this show on the o'reilly factor. bill: jon stewart goes after bernie goldberg and bernie wants to reply. robert gibbs goes after megyn kelly. >> greta: where live until the top of the hour. next a special treat. a star is here, actress jenna elfman gives you a sneak peek of the season finale of her comedy, next. this you probably never thought would you see. a bush-clinton face off we have it caught on tape this is not what you think. [ speaking native language ] [ moans ] [ speaking native language ] ♪ [ speaking native lauage ] [ male announcer ] doctors have been saying it forever. let's take a look. [ male announcer ] but they've never actually been able to do it like this. let's ke a look. [ male announcer ] v-scan from ge healthcare. a pocket sized imaging device that will help change the way doctorsee patients. that's better health for more people. ♪ we get dole miles on every purchase. so we earned a ski trip

small-is-beautiful" strategy may not be for everyone but stack says it preserves solidarity, flexibility, entrepreneurship. and it has created more opportunities for advancement. >> once we taught people business and how to understand it and how to be able to run a business we really prepped them and so we saw the opportunity of being able to move them into their own businesses to make room for other people to be able to come up to the organization because it was not only about jobs, it was about opportunities. >> reporter: stacks son tim runs s.r.c. logistics. >> there's a lot of opportunities that we have under this 400,000 square foot building. it's just where do we start? >> reporter: this is the so- called "skunk works," an incubator for new s.r.c. businesses. it collects old parts and devises new uses for them. s.r.c. hopes to turn ideas ginned up here into new companies. what's that, a truck engine? >> yeah, it could be used in trucks. they could put it in power units to power houses, they can be put in airboat, we've seen wood chippers. >> reporter: of course, not every recycling idea pans out. au

we want to make sure we reward of entrepreneurship. >> how you respond to the art prints of the other two, nick clegg. n+Ñ>> we must agree on developig new technologies. young people are developing vocational qualifications for the skills of the future. all the parties agree on that. unless you've got banks helping businesses, it is extremely difficult for them to expand their products and invest in the factories and invest in creating new jobs. who would of thought in birmingham all places that the banks like rbs should have used that money to help fund the multinational take over of cadbury's. ? did you think that money was -- should have been used to put people out of work in britain? >> we have increased the number of apprenticeships from 70,000 to 200,000 and we want to raise that number. there are more students going to university than ever before in our history and our employees to say the majority of students are now women. the regional development agencies have the power to support individual businesses and is more than 20,000 firms receiving help with cash flow under our pro

simon johnson former chief economist with the international monetary fund is a professor of entrepreneurship at mit. and a senior fellow at the peterson institute for international economics. for more information, visit 13bankers.com. >> argues the 2008 eight was caused by 25 years of government interference in the stock market. she says that we need to return to a financial system in which bad businesses are allowed to fail instead of being bailed out. the manhattan institute in new york city host the hour-long event. >> good morning. i'm amity slays. i may ask right away turn off your cell phones or beepers or check again to be sure they're turned off. we'd like to welcome you this morning to this manhattan institute event for nicole gelinas the author of the new book "after the fall." we welcome the new yorker, manhattan institute of friends and c-span viewers. i don't know how many of you have seen the new shanatural movie. chanel movie. she wasn't just the designer she was the designer. she pinpointed what was wrong with the 19th century by pinpointing what was wrong with their skirts.

their goal is to tackle the world's challenges through entrepreneurship.ck exchange and they showed off about 100 different student innovations and businesses. take a look. pretty impressive. >> there's 100 companies being showcased today and every one of these companies has been founded and is run by students. >> the power flower which is portable, durable, low impact solar technology. a lot of people like the look of it. >> we tried sushi for the first time a year ago and we just realized we hov it and we want to bring it to the masses. >> we founded it in 2007 which was at the peak of the whole recession. it means the right moment. the premise is there's no better time for these students to see the path of entrepreneurship, to take on their own risk and take control of their destiny. >> it shows you what the art of the possible is. to see what these kids are doing with the tools at their disposal, they're able to create businesses on the back of an idea much faster than we ever could. >> the easiest way to get a job is to create your own and that was th

so entrepreneurship has made its way into the school systems. they now teach it for students.we see people move jobs more often than they used to. the idea of lifetime employment has really disappeared. and that long term means we have a much more flexible economy, much more open to innovation an growth and, i think, much more long term much stronger than we had before. host: louis in austin, texas. you are on the air. tpwhrao thank you -- caller: thank you. a lot of people talk about bringing manufacturing back to the united states. i would like to ask you a hypothetical. say that you were c.e.o. of a manufacturing company that traditionally manufactured goods in the united states and you spent the last 10 years, expense, effort and time to relocate either to mexico or china and you are now able to manufacture your product for 20% of what you can do in the united states. why would you decide to move back? guest: well, i think companies will move back when they have markets here and products they can create at a kind of -- with the kind of costs that allow them to be successfu

insofar as our political decisions that affect the economy, so in other words, it came from entrepreneurship and making that viable. i have to say that one thing that is quite important for that is health care. i would not have been able to go into business if it weren't for the fact that my wife had a job with health care, and i think there are a lot of people out there who that is the stumbling block. >> you can read his book or he will fix your motorcycle, "shop class as soulcraft" an inquiry into the value of work by matthew crawford. >> we are here at this year's conference talking with the matthew spalding, the author of "we still hold these truths." can you tell me what was the most enjoyable part about writing this book? >> the best thing i liked about it is i love history and the book largely tells stories about how the american founders thought to their own experience, both before, immediately after entering their revolution and presented these four principles that they put into the document of the american founding, equality, consent, natural rights, religious liberty of property,

mary landrieu of louisiana chairs the small business and entrepreneurship committee. this is just over two hours. >> good morning, everyone and welcome to the small business hearing. connecting main street to the world. we are excited about the two panels that we have this morning, and anxious to hear the testimony and also looking forward to the questions. we should have a good attendance on our side this morning as we can see the room is packed, because there's a tremendous amount of interest in how small businesses, both in urban areas, suburban areas, and in rural and sometimes underserved areas can benefit from the new technologies and new partnerships that are emerging on this issue. so i am pleased to be in the senate hearing on small business and entrepreneurship today in our newly renovated space and hopefully you all will enjoy the benefits of that today. i like to begin by thanking our witnesses. we have a distinguished verse panel, which i will introduce in a minute. but what i want to say is that i understanunderstand our witnesses have at a full congress

tonight we host simon johnson the ronald professor of entrepreneurship at mit sloan school of management and a fellow at the peterson institute for international economics here in washington d.c.. he is the co-founder of the baseline scenario dolph, focusing on the world economy and a member of the congressional budget office's advisers. january of this year the huffingtonpost.com is contributing business editor. prior to joining the faculty of mit, dr. johnson was the chief economist the international monetary fund and received his ph.d. from mit, holds an m.b.a. from the university of manchester and va from oxford. following his remarks come professor johnson will be taking questions from the audience if you have a question i would ask you to wait for the microphone that will be brought a round in order the video equipment will be able to pick up the question. now please join me in welcoming professor simon johnson. [applause] >> thank you everyone for taking time on this beautiful summer evening and early april to come and listen to a talk in the doors. i would like to talk to you obv

. >> i teach entrepreneurship for engineers. i went to the conference that is like the un for the developing world, and it was basically described as one of the 15 nations and singapore. -- 115 nations and singapore. >> let me add one thing that is relevant. there is a representative from singapore year. -- from singapore here. if he wishes, i am going to give him the microphone. >> i think that is appropriate. >> i am kidding. i could also add, he is also on enemy territory for a second reason. he is from stanford. >> i am sure there are many other alumni here. i did not realize what i was getting myself into, but it is quite interesting listening to this discussion. i think singapore is a country and where the model we adopt is unique to our history and constraints, so to say the singapore model could be applied to america or rwanda, i think you have to take that with the huge pinch of salt, and these are valid points, but i guess the fundamental issue we face is how do we build advantages? we need to be able to direct resourc

face and it affects main street and america's ability to create jobs through entrepreneur -- entrepreneurship to get the capitol to do. if you just overwhelmle financial sector with new regulations and massive expansion in the government and dampen down the atmosphere where people are willing to invest here in the united states and money moves overseas instead of staying here and the cred -- in the credit accounts you're going to undermine the quality and energy over our economy and thus reduce jobs. sure it's a good one-liner but it's not very good for the economy. what we've proposed as republicans is we want a bill that doesn't overreact and push jobs off shore and push the capacity of this country to be competitive offshore, so what we've proposed basically is we sit down and approach this in an orderly and bipartisan way. we've got basic agreement on all the key points here. we've got an agreement on too big to fail essentially, an agreement on derivatives, on documenter -- consumer protection, on the regulatory structure, we've had that pretty much in the works and the white house two w

the purposes of basically being the insurance and the oil that makes the american machinery of entrepreneurship and job creation work. big companies and littler companies, but especially big companies need these -- these instruments, and they need to have them readily available, and in a way and in a form that makes them usable, makes them usable. well, i have been working with senator reed here from rhode island for a number of months our staffs have been working, and on almost all the technical issue of how you make the derivatives markets stronger, better, more sound. basically, you're going to try to get more liquidity, more transparency. on almost all the issues, we have a pretty good agreement, pretty good sense of where we can go. if we continue to work on it, hopefully we could reach a complete agreement. we have to touch on the issue here of the question of mandated exchange treatment of derivatives, but that can be resolved, i hope. as a very practical matter, it's not a partisan question. it's simply a question of how you do it best. that's the approach we should take. lastly -- well

. >> i think the ramifications could be that's our world and innovation and entrepreneurship goes away it is the freedom and openness of the internet that has created all these incredible success stories. tiny companies started in drives that now employ hundreds of thousands of people that create economic activity that are some of our major exports to other countries. my concern is that if we don't preserve the freedom and openness of the internet that we have had other countries will move forward and take our mental as world leaders and innovation. that is what i am concerned about. to your point preserving what we have had is all we need to do. >> maintaining the status quo. understanding the technology has evolved in very recent years with respect to voice and video. we have to accommodate that. the court did not say you did not have the authority. the authority was not tied to any specific statutory provision. authority might have under the statute. you also have an open proceeding. so obviously you think you do have some options. >> reopened the proceeding because we wanted to mak

appropriate to the tax code and that needlessly basis rates which depresses economic growth, entrepreneurshipgs. let's stop doing all this social engineering. i completely agree with that. at the end of the day, where we will disagree is the level of taxation we will have. my disagreement is based upon my " the desire to maximize economic growth and job creation. >> i want to draw out a little bit. two-thirds of the tax expenditures go to the upper 20%. leaving them off the table, it has very direct distribution consequences. we should be reading directly into this discussion, what the last 30 years have been. the last 30 years, we have seen that the bottom and the% of families received about 60% of the income growth and the upper 1% about 56%. the upper 10% got about one- third of the income growth. -- about two-thirds of the income growth. these are actually pretax figures. after tax, it is even more distorted. >> but wanted to get back to this question that the congressman just raised about taxes and economic growth. there is no precise level, if you are at this level share of the gross do

but for me as a republican, i think our party has always been about growth, prosperity, entrepreneurship small business, free enterprise. and without immigration we will have none of that. we need immigration to grow, we need immigration to prosper, we need immigration to continue our free enterprise system. we should do it in a legal way. we should set up a system that allows us to do it legally. host: time for two more calls with our guest former commerce secretary carlos guttierrez. manhattan, new york, craig, democrat. caller: good morning, c-span, good morning mr. guttierrez. any time you pass a law you might get 70 people to agree with it, you might get 30 people who don't agree with it. since some of these people have some problems following the law, what do do you remember with the people who decide i have been doing ok, why should i turn myself in? i will stay under the wire like i have been doing and things are going all right for me now. guest: that is a good question. we can get to the point where, if you don't have one of those biometric cards with a thumb print or something

and you're seeing that kind of entrepreneurship all across the state and all across the country. and these visits are reminders that when you get out into the heartland and you talk to folks, there's a lot to learn from rural america, because it's towns like this that gives america its heartbeat. towns like this where working men and women build the american dream with their bear hands. [applause] -- bare hands. farmers who get up before dawn, shop keepers who hang the sign every morning, entrepreneurs turn that idea into a reality. and that's a dream shared by every american. a chance to make a good living, to raise a healthy and secure family and leave our children with even more opportunity than we had. but, look, the fact is, we have gone through a tough time. and i know we have gone through a tough time here in ottumwa. even though our economy is growing again. even though our markets have rebounded. our businesses are being able to create jobs. but everybody knows there is a lot of recovery that we still have to do. and i hear the stories in the letters i get every night. s

the innovation ecosystem or business and entrepreneurship is really the best in the world. we are the envy of the world. people are trying to emulate it. it's still can't quite get it right, because there are many factors which build the ecosystem and the third one i believe is the idea that as was pointed out, the kids in our colleges are knocking on our door, breaking down our door, saying we want to work in energy and it is a different generation, and know, tell us what to do, where to go, and you know, how to do it. and they're going to figure out how to do that, and so our goal, is to be the catalyst, is to unleash the technological in slowization in the united states -- innovation in the united states, is to harness these strengths an unleash that and we try to do that and our goal is to look for destructive technologies. it's not the business as usual incremental, because i think we are in this mode of history that i think we need to look in part but we also need to look ahead. just to give you an example, we invented lithium ion batteries, we have 1% of the manufact

if we have to raise taxes to such an incredibly high level that it stiefless innovation, entrepreneurship. where my kids come to me when they are 18 or 22 when they are done from school and say dad, i'm going to ireland or india or brazil or some other country because the promise of that country is greater than that of the united states of america. so it is incumbent upon news this time, not tomorrow, not next week, not next year, not when we think the economy is doing better, but today to start getting our spending under control. now, why can't we live off of what we lived off of in 2007? when i go back to florida and i talk to some folks today from florida who were here from barto you which is in -- from bartow which is in central florida, and i said to these business leaders could you live off of what you had in 2007, and they all shook their head affirmatively because they had more money in 2007 than they have today. so now that we have gotten past the stimulus and that big bulge in our spending hopefully is over, why can't we go back to 2007 levels before the economy declined? rememb

and as he promised in cairo, next week the president will host a summit on entrepreneurship with business leaders and entrepreneurs from more than 50 nationsincluding many muslim-majority countries and israelto promote our common prosperity. to advance values that are universal, the president has made it clear that the united states will uphold our ideals both at home and abroad, including the right of people to have a say in how they are governed. as the president said in cairo, the u.s. is committed to supporting governments that reflect the will of the people, because history shows that these governments are more stable, more successful, and more secure. so political reform and effective and accountable governance will remain core elements of our vision for the future, in the middle east and around the world. and to advance a just and sustainable international order, the united states is working to ensure that both the rights and responsibilities of all nations are upheld. for example, the new start treaty with russia is part of the president's comprehensive agenda to pursue a world wi

. >> i think the ramifications could be that's our world and innovation and entrepreneurship goes away. it is the freedom and openness of the internet that has created all these incredible success stories. tiny companies started in drives that now employ hundreds of thousands of people that create economic activity that are some of our major exports to other countries. my concern is that if we don't preserve the freedom and openness of the internet that we have had other countries will move forward and take our mental as world leaders and innovation. that is what i am concerned about. to your point preserving what we have had is all we need to do. >> maintaining the status quo. understanding the technology has evolved in very recent years with respect to voice and video. we have to accommodate that. the court did not say you did not have the authority. the authority was not tied to any specific statutory provision. authority might have under the statute. you also have an open proceeding. so obviously you think you do have some options. >> reopened the proceeding because we wanted to ma

in minnesota, we believe in entrepreneurship, we believe people should allow their creative talents to bring their services and goods to the market so other people can participate in those and enjoy those things for a fair price and therefore those businesses can hire people and we can really have our economy working well. so i just want to mention that, you know, the recovery act significantly cut taxes for businesses as well. about 385,000 sole proprietors, 385,000 sole proprietors in minnesota that filed with the i.r.s. in 2007. the fact is the recovery act provide relief for those businesses by providing, one, tax breaks for small businesses, expensing and bonus appreciation, businesses to purchase new capital and equipment, providing small businesses with five-year net operating loss carryback and providing small businesses with estimated tax payment relief and excluding 75% of the gains on small business stock from capital gains purchased in 2009 and 2010. finally providing businesses with relief from paying taxes on income resulting from discharged debt. minnesota businesses aga

jobs are the things that will spur the american entrepreneurship and the creativity that will allow use competitive with the world. where are the jobs? the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from california rise? >> to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. mrs. capps: mr. speaker, i rise today in strong support of wall street reform. wall street shenanigans led us to this recession, and if not for taxpayers bailing them out would have melted down our entire financial system while they made hundreds of billions of dollars for themselves. last year the house of representatives passed commonsense wall street reform it would protect small businesses and families from predatory loans, undecipherable fine print. it would end taxpayer-funded bailouts and too big to fail banks. it would impose tough new laws for -- on the riskiest wall street practices that got us into this mess in the first place. house democrats voted yes on wall street reform, but unfortunatel

, commerce, science and transportation, environment and public works, and small business and entrepreneurshipmittees. he has made the disappearing coastline a priority. he was a major player in lowering the cost of prescription drug prices through pioneering legislation allowing us to import cheaper drugs from canada he fights for conservatism. he fights for louisiana. please join me in welcoming david vitter. [applause] ♪ >> thank you very much. [applause] thank you so much for the warm welcome. even more than that, thank you for doing what all you do for the republican party. thank you for doing it this week in louisiana. we really appreciate that. [applause] i want to give a special thanks because many of you are back after having 12 years after hurricane katrina -- are back after having toiled year after hurricane katrina. i want to thank you from the bottom of my heart for all of your help during our time of need. thank you very much for all that. [applause] been here five years later, we are rebuilding very successfully and aggressively. thanks to younger form of leadership, we're not j

entrepreneurship of the spoofers now has sprung to such a point that they can provide it on their websites. although these caller i.d. spoofing services promote themselves for use in prank cause -- calls or for entertainment purposes only, these services can be easily accessed and used by criminals. caller i.d. spoofing has emerged as a useful tool for identity -- identifying thieves and other scam artists. in addition, many business functions from credit card verification to automatic call routing simply depend on-caller i.d. for security purposes. which spoofing can reynolder useless. so, madam speaker, these nefarious actions are the target of this bill. as you can see, this is a serious issue with far-reaching ramifications and implications for both consumers and for all businesses. this is an important bill and i urge its passage with that i reserve the balance of my time. the speaker pro tempore: -- passage with that i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. >> mr. speaker, at this time i yield as much time as he may consume to the primary aut

so in other words, a case for entrepreneurship. and making that viable. and i have to say that one -- one thing that's quite important for that is healthcare. i would not have been able to go into business if it weren't for the fact that my wife had a job with healthcare. and i think theories a lot of people out there who that is the stumbling block, so -- >> you canead his book or he'll fix his motorcycle "shop class as soulcraft: an inquiry into the value of work" by matthew crawford. ♪ >> what in the world is more ridiculous right now than american politics? >> for the past year, using clips from various media outlets including c-span, the gregory brothers have become viral hit makers with auto tune the news. we'll talk to them sunday night on c-span's q & a. >> "washington post" correspondent shankar vedantam talks about the part of the brain that unconsciously influences the way we behave and make decisions. he says that this hidden brain impacts the way we vote, shapes the way we respond to mass tragedies and aids indoctrinating bombers. >> thank yo

our greatest pr potential for nw jobs depend on the entrepreneurshipping for people willing to risk their own ideas but need seed capital to do. it these small companies could not wait 120 days in many instances. they could not find the seed capital investors. in other words, in some moving from too big to fail, this new bill, if enacted with that provision in it, would say to these innovators, these entrepreneurs, you are too small to succeed. this is not a measure that's going to protect people from wall street. this is an overreach by the federal government which would shut down the job creation that main street needs. madam president, neither political party has a monopoly on good ideas. reforming our financial system is too important to be done on a partisan basis. i urge my colleagues. i hope they will consider the ideas i've heard from missourians. we haven't been just listening to main street -- to wall street. we've been listening to main street. and i hope that you and all of the members of this body will listen to what they're saying on main street about the need for the small

but for me as a republican, i think our party has always been about growth, prosperity, entrepreneurship, small business, free enterprise. and without immigration we will have none of that. we need immigration to grow, we need immigration to prosper, we need immigration to continue our free enterprise system. we should do it in a legal way. we should set up a system that allows us to do it legally. host: time for two more calls with our guest former commerce secretary carlos guttierrez. manhattan, new york, craig, democrat. caller: good morning, c-span, good morning mr. guttierrez. any time you pass a law you might get 70 people to agree with it, you might get 30 people who don't agree with it. since some of these people have some problems following the law, what do do you remember with the people who decide i have been doing ok, why should i turn myself in? i will stay under the wire like i have been doing and things are going all right for me now. guest: that is a good question. we can get to the point where, if you don't have one of those biometric cards with a thumb print or somethin

finally, this bill harms the very innovation and entrepreneurship that has made our country so successful in creating one of the strongest economies in the world. it does this by limiting the ability of small start-up companies to raise seed capital. currently, angel investors -- that's quite a name, but angel investors, those higher income individuals who would like to invest in a promising start-up company, take the risk, if you will, must have a net worth of at least $1 million or income of at least $250,000. this bill increases those requirements to $2.3 million and and $450,000 respectfully. estimates are that this provision, along with a provision in the bill that would subject start-up and investors to 50, 50 different sets of state regulations, would disqualify about 77% of current investors. in 2007, these individuals invested $26 billion in more than 57,000 ventures across the country. we're talking about companies such as amazon, google, facebook. all, all benefited from angel investors, yet this bill makes it harder for promising young companies to get the capital they need to

and as he promised in cairo, next week the president will host a summit of entrepreneurship with business leaders and entrepreneurs from more than 50 nations, including many muslim majority countries and israel, to promote our common prosperity. to advanced by is that are universal, the president has made it clear that the united states will uphold our ideals both at home and abroad, including the right of people that have a say in how they are governed. as the president said in cairo, the u.s. is committed to supporting governments that reflect the will of the people. because history shows that these governments are more stable, more successful, and more secure. so political reform and effective and accountable governance will remain core elements of our vision for the future, in the middle east and around the world. and to advance a just and sustainable international order, the united states is working to ensure that both the rights and responsibilities of all nations are upheld. for example, the new s.t.a.r.t. treaty with russia is part of our comprehensive agenda to pursue a world wit