i see jack gansler a predecessor who added l to at & l. and among many other things jack did. jack, i have to tell you my children are already dismayed at the length of the title. they tell their father is undersecretary of defense. of course, no one knows what an undersecretary is. and it sounds very beneath. so underneath, underwear, undersecretary. and then it's acquisition technology and logisticses way too long and obscure for an 18-year-old and a 21-year-old to explain. they always say why can't you be cia director? [laughter] >> it's got some zip to it. i'm very grateful to have the opportunity to come here. it is a pleasure. and a welcomed relief to talk about something other than the tanker competition or the joint strike fighter. or any of the other acquisition programs. and it's particularly welcomed to me because what i want to talk about today is something very dear to my heart which is the role of acquisition of technology and logistics support in the current wars we're here. so when john gave me the opportunity to speak about that subject, i leapt at the opportu

i grieve the appreciate the strong support from chairman gansler at the trading commission because of their commitment the administration has been instrumental in bringing us to this point. i'm also mr. president the very fortunate to have a strong partner in my good friend when ranking member senator chambliss. his thoughtfulness and the hard work of this unbelievable stuff reflected in many of the provisions we begin debating on the senate floor today. why we have had some policy differences i know without a doubt we share the goal of bringing thoughtful reforms to these markets in this legislation is a store credit it is a landmark reform. it will keep pace in the business of banking mr. president, it will prevent future bailouts into the work went down by senator dodd put an end to too big to fail. it will lower systemic risk, systemwide risk throughout the clearing mechanisms and exchange trading and real-time price transparency. it will close loopholes and make sure that the regulators have the full authority to go after those entities that would evaded or abuse the law. if it p

gansler's commission, this commission and many of the oversight committees that continue to look at whathat they will all go away. i do think that we will -- we can and should have continuous oversight by commissions and committees as well as the gao. but i want to assure you, mr. green, that we are absolutely committed to this. it is institutionalized. there is no doubt within the department of defense that we are moving forward with significant change in not just how we do contracting but our acquisition work force in general. it's going to take some time. but we are making significant improvement. and we are meeting our goals. we met it in '09. we're meeting our hiring goals in '10. we are ever vigilant to ensure that we maintain the quality of the people that we're hiring. dr. carter has been repeatedly emphasizing that to me. this is not just about numbers. but your point's well-taken. but i can assure you that if you look at the leadership development program that the army -- i think has done a very good job of putting into play on how they want to train not just their contracting

gansler's commission. this commission. and many of the other oversight committees that continue to look at what we do every day. i don't think that they will all go away. i do think that we will -- we can and should have continuous oversight by commissions and committees as well as the gao. but i want to assure you that we are absolutely committed to this. it is institutionalized. there is no doubt within the department of defense that we are moving forward with significant change. in not just how we do contracting but our acquisition work force in general. it's going to take some time. but we are making significant improvement. and we are meeting our goals. we met it in '09. we're meeting our hiring goals in '10. we are ever vigilant to ensure that we maintain the quality of the people that we're hiring. dr. carter has been repeatedly emphasizing this to me. it's not just about numbers. but your points are well-taken. but i can assure you that if you look at the leadership development program that the army -- i think has