we still do traffic in those kind of labels. >> and it herbert hoover exploit al smith catholicism in 1920. >> not really. i think scholars and political people argued about why he lost. he was a county hall boss. he was a new york democrat which did not play well across the country. there were a lot of reasons he may have lost sort of in addition to this catholicism. i can't find any real record says herbert hoover exploited. >> how did the kennedy campaign to use his catholicism to make it an asset? >> they really were panicked through most of the campaign, but by labor day they had a pollster give people for free that showed that 23% of the american electorate by labor day in 1960 was undecided. and when you drill down among those undecided voters, the perception that he might be a victim of anti-catholic bigotry would actually drive him to the democratic column. so at that point the kennedy campaign changed its strategy which to that point had been to really kind of softened the catholicism. the truth is by labor day if you are against kennedy because he was a catholic you were go

they had become quite close but then in the election of 1952, truman again invoked the name of herbert hoover as comparing eisenhower to hoover. the democrats ran against hoover for 30 years and, you know, with some success so harry wasn't about to stop. so i think they had tiff at the time because there's no record the two saw each other while harry was upstairs and herbert was downstairs. and i always wonder how they managed the staff of the waldorf must have been pins on needles all week trying to keep these two apart not to mention doug mcarthur was six floors up. they ate at all the trendy restaurants and they went to the 21 club and shortly after they got there, another diner came in. it was the governor of new york thomas dewey. [laughter] >> which presented a problem for the maitre d' and they were lucky, they were able to seat dewey and truman far apart. everywhere they went in new york by the way they took cabs. harry parked the car at the waldorf and they took cabs everywhere they went unlike most tourists they didn't have trouble getting a cab because as soon as a cabbie would rec

you said that much like herbert hoover, a obama is attempting to realize a stirring new version of the society without cutting himself free from the dogmas of the past without the inevitable conflict. like hoover, he is bound to fail. guest: frederick douglass says power is nothing without a struggle. this is very traumatic for a society to depart from the way it used to do things. hoover came up with this business when he was coming of age. he felt the conflict had to be avoided. he thought the reason why people would come up with a solution for society. a lot of the same process goes on in obama's mind. he can caress people into going along in doing what is right. i don't think that will happen. i think he ever met -- underestimated the forces lined up against him. host: we have a piece called obama's slip is showing. he is personally more popular than his policies. that's a question is unsustainable. something has to give. the first law of politics as you must eventually get an instant. guest: i would largely agree with that. a lot of his policies are too complex. he has not grabbed

the reserve got broad powers by herbert hoover to lend out money. that needs to be curtailed somewhat. will be working on that. we have to do this in a certain way. that is what we are working on. >> what about giving the fed is a much power? >> we need a systemic risk regulator. there is a strong and healthy debate for having the fed doing this. there are legitimate issues that have been ways as to whether an agency should do with monetary policy and can assume that responsibility without being biased to that discussion of what systemic risk is and how you enforce it. i appreciate the fact the administration has adopted the idea of a consulate on it. i am not embracing the collegial alternative to this idea. it is worthy of a thorough debate and discussion as to whether or not that is a better alternative. there is not a lot of confidence in the fed. i am stating the obvious over what has happened over the last few years. at this juncture, there has been no decision. there is a general consensus that systemic risk regulators -- >> can you find a ne

herbert hoover landed out money -- landed out money -- lended out money.w you have an effective agent on systemic risk regulation -- a structure that gives you assurance that is done in a kind of collegiate way. that is an issue we will be working on. >> is there concern giving the fed so much power? >> clearly the role for systemic risk, we need. my view is that there is a strong and healthy debate having the fed do this. this is a known quantity. they have the expertise there to do it. the primary function is to deal with monetary policy. they can assume that responsibility without bringing some bias to the discussion. i appreciate the fact that the administration has adopted the idea of the council and all this. it is a step in that direction. i am not embracing the collegial alternative, but i think it is worthy of a full debate and discussion as to whether or not as a better alternative. there is not a lot of confidence at this point. i hear that expressed by members of my committee, both democrats and republicans that are looking for an alternative.

this house has just made the biggest economic mistake since the days of herbert hoover. two things are certain if this measure becomes law. first, our planet is going to continue to warm and cool as it has been doing for billions of years. and secondly, this house will have just delivered a staggering blow to our nation's economy wen our economy has been the most vulnerable. i yield back. the speaker pro tempore: mr. schiff of california. for what purpose does the gentleman from texas rise? mr. conaway: i ask to speak out of order for five minutes. the speaker pro tempore: without objection, so ordered. mr. conaway: today is a bad day for america. we just witnessed the passing of a bill that will have dramatic impact on our lives for years to come should it ever see the president's signature. 33:09, the dem cat majority landed on the internet a amendment to the already bloated bill. the bragging of the thousands and thousands of work and hearings and processes that had gone into the development of the bill that was filed on monday left it a little short of the mark. in s

herbert hoover in the last century referred to the volste

madam speaker, when we talk about herbert hoover's mishandling of the recession of 1929, the very first thing that economists point to is the tariff tax that imposed new tariffs on over 20,000 imported products. i believe the waxman-markey bill is going to be looked back at our generation's smoot holly act. it imposes new taxes on a larger number of domestic products on a scale that you hadderly diverts smoot holly. at least you can say it made it more smoothly with imports. waxman-markey hurts domestic products. we, too, were promised an explosion of green jobs a few years ago. instead, california's unemployment rate has skyrocketed to one of the highest in the country. i believe that if this bill becomes law history guarantees you two things. number one, the planet will continue to warm and to cool as it's been doing for billions of years. and, two, congress will have just delivered a staggering blow to our nation's economy just at the time when it's most vulnerable. and i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from massachusetts. mr. mark

the clerk: herbert c. hoover building for the nation and modernization, $5 million. office of inspector general, $27 million. general provisions, department of commerce, including transfer of funds, section 101, appropriations and funds made available by this act shall be available for the activities specified in the act of october 26, 1949. section 102, appropriations made available to the department by this act for salaries and expenses shall be available for hire of passenger motor vehicles as authorized. section 103, not to exceed 5% of any appropriation for the department, may be transferred between such appropriations but no such appropriations shall be increased by more than 10%. section 104, any costs incurred by a department resulting from personnel actions taken shall be absorbed within the budgetary resources available to such department. section 10 5, the requirements set forth by section 112 of division b of public law 110-161 are hereby adopted. section 106, the secretary may furnish services in order to support the operations that persons are authorize