chave3 that he makes hugo chavez a piker. mr. akin: that is a summary of where we're are. this disease that struck the washington area a year or two ago, it's bailout fever and we got into this idea that we will bail everybody out. if you're a small business, you will go bankrupt. if you are a car dealership, you go bankrupt and lose $15 million but we're going to nationalize all of this. and what's going on in unemployment is this nationalizing of business. i think there are a lot of people that are having some very extreme second thoughts. this was not going to happen if we voted for that great big porkulous bill. when you say $787 billion, that's more than my paycheck. how much is that? how much money is that? and the biggest thing we deal with on my committee is aircraft carriers. they are big things. you could play a game of football on the deck. they are really big and cost a ton of money. we have 11 in our total fleet and cost about $3 billion a piece. if you look what happened to us in the first five weeks after we ha

chave3 that he makes hugo chavez a piker. mr. akin: that is a summary of where we're are. this disease that struck the

the ideological and psychological fascination and dependency that hugo chavez has on fidel castro has allowed castro to utilize chavez's billions of petrodollars to -- -- to purchase much important defenders. it is part of the public record that a suitcase of chavez cash heading to mrs. kirchner in argentina was recently intercepted by authorities before reaching its intended destination. castro has purchased advocates and spies through the years via the always present threat of blackmail after trips to totalitarian cuba where the regime tapes visitors in compromising situations. as confirmed by interior ministry defector and a cuban intelligence defector. castro also serves as a banker for illicit money possessed by those who seek to avoid the detection by the anti-money laundering connections. it matters not if its source is political corruption or narcotrafficking. through his mastery of anti-american marxism, leninism, he's conned others into being spies. no other state sponsor of terrorism, no other state in fact has had more spies arrested and convicted in the united states in t

a remarkably courageous book to come out at this time which even has a very good word to say about hugo chavez and some criticisms of some of our national leaders. i strongly recommend it. what we're going to do here today is had each author make a 10 minute presentation, and our hope is we can open this up to questions and the dialogue and that you all be roused enough by what these people have to say that i will have a tough job as a moderator moderating you down. [laughter] >> so let's begin with kim bobo who has focused on a specific and really shocking problem that has a working lawyer labor i see a lot of which is the way people are ripped off in small ways, the money you earned and what we can do about. kim. >> do not take advantage of a hired worker who is four and needy, whether that worker is an israelite or is a foreigner residing in one of your towns. pay them their wages each day before sunset because they are poor and are counting on it. otherwise, they may cry to the lord against you, and you will be guilty of sin. that passage from deuteronomy click indicates that there

venezuela, hugo chavez nationalized the financial institutions. we already have done that. we nationalized the chrysler and g.m. and they're trying to force ford into the same trap. we've nationalized the insurance industry. we're nationalizing everything of major consequence in this country economically. and now the leadership wants to nationalize, federalize, socialize the health care system in america. now, where's that train going to take us? we have a clear picture of that too. all we have to do is look in cuba. look in soviet controlled soviet union prior to them making their forms and turning towards more capitalistic system. but we can look at cuba. cuba prior to fidel castro taking over that government was very prosperous. certainly they had problems but not the problems that they have today. in cuba we have a very rich elite headed by a marxist, fidel castro. and we have a vast majority of the people in that country are struggling, very poor with no choices. that's exactly where we're headed in america today if we continue down this road, the steam roll of sociali

in terms of hugo chavez and what's going on in venezuela. there's a lot to say about what's interesting about it, and, you know, i was there several times. my son chess saw lived there and worked there, but i did find when i visited these, you know, venezuela's a place that has not had education for all, and it now does. and education in an interesting way, what i really admire about what they're trying to do is education goes from preschool through life. and so there are learning circles, literacy circles in communities, in

the process of picking shareholder boards would make hugo chavez ploch.after all corporate funds to be used in on limited quantities to back up one side and fight the other. s to the pernicious incentives i.t. we are against them and would be difficult to design a system where an executive compensation reflects whether that executive actually helped the company in the long term rather than simply made it look good in the short term. this would be easier for those who have company wide decision making since we could give them restricted stock in the entire company those who led it to the success or failure of a single unit it would be far more difficult and i yield back. >> the gentleman from illinois for two minutes. >> thank you, mr. chairman. i'm disappointed some federal officials are moving in directions of government determined pay not just for senior executives in the united states companies but for their secretaries and the janitor. i think that is a slippery slope or worse. don't get me wrong, financial criminals must be brought to justice. but mo

and a few connections to the outside world beyond syria, hezbollah operatives, and the likes of few hugo chavez. there is very little good news and you interlocutors -- and few interlocutors. they are speculating about iran's coming behavior. it will largely depend on the iranian leadership. after all, the only item they were really worried about was the western-backed revolution -- and it happened. the threat materialized. if i iranian leaders mean what they say when they blame the protests in the streets on the west, then what she might see is the rise of a more confrontational -- then what you might see is the rise of a more confrontational or ran. this is if ahmadinejad mean what he says publicly. that the u.s. and the u.k. are driving that process. if they have the courage to acknowledge that the popular movement was the result of profound domestic discontent, then iran may become more inward looking and it frees its investments abroad. two extreme scenarios. it will be somewhere in the middle. this is how they are thinking about it. no one is really confident about the next phase.

if you like giving your oil from hugo chavis, you will love getting breakfast, lunch, and dinner from him as well. if you are truly interested in improving dramatic reductions in fuel emissions without destroying our economy, we should allow the free market to continue to produce commercially viable energy efficiency and clean energy technology. i urge my colleagues to do something good for the economy and the environment and put this bill where it belongs, in the recycle bin. i yelled back. >> the gentleman from new york. >> i yield 10 minutes to michigan. -- i yield two minutes to michigan. >> i have two non-members of the committee that i would like to speak. >> i'd like to yield to the gentleman from new york. one minute. >> i want to thank mr. rangel for his courtesy. >> when washington applies itself to a problem if it typically regulate. this bill is no different. it is over 1100 pages in length and 50 pages dedicated to regulating light bulbs. the most punitive cost of this bill is being shifted to later years to get it passed. the subsidy will shift to consumers who will pay

. >> i would like to ask you about the relations between president hugo chavez and president, in a shotmadinejad. they have had a privileged relationship over the last two years. my second question is that if you think that iran should have nuclear energy, is in that effort to the world? -- isn't that a threat to the world? >> on the first question, the french have an expression, that people who resemble each other possible with one another. i think the writing is on the wall. [applause] i don't think any to elaborate. i -- i don't think i need to elaborate. i have a lot of venezuelans, and i think they're concerned that this help the alliance is a detriment to because of democracy and freedom. my position, as always, the nuclear issue, is very clear. before we get into the energy issue, iran, before the revolution, was a signatory to the non-proliferation treaty, as a result of which we became 10% shareholders in a consortium that was going to furnish iran the nuclear rods to fuel nuclear reactors that were going to be started, and should have been completed, i believe, around 1983, if

coincidence with three down being on the agenda was an eruption of demagogues around the world we saw hugo chavez, venezuela, you saw sadr here was really a cleric and iraq for the first several years of the post invasion society very dangerous by turning people against the state, mahmoud ahmadinejad was a demagogue in some ways but not in the way he came into power but the threat that he posed to other countries, the leader of hezbollah in southern lebanon is classic and will list goes on. >> host: why did you write this book? >> guest: out of a longstanding fascination with why come a democracy to me is probably the most beautiful and extraordinary thing we have come up with in a society. in the course of the human condition. but it suffers from a paradox which is freedom, probably our most valuable gift. we can so easily let it go that i have been throughout my life at what happened in germany in the thirties they had a quite beautiful and hopeful constitution but then people of ordinary germans handed their freedom over to adolf hitler through the lawful process then turned against the

2005 and coincidence with freedom being on the agenda was an eruption of demagogues around the world, hugo chavez in venezuela, mouton outsider -- q --muqtada al-sadr who may iraq dangerous by turning people against the state, mahmoud ah d ahmednijad in the threat he posed to other countries, the leader of hezbollah in southern lebanon, that is a classic demagogue. the list goes on. >> why did you write this book? >> a long standing transportation, why democracy to me is the most beautiful and extraordinary thing we have come up with. and society, in the course of the human condition, suffers from a paradox, which is freedom. our most valuable gift, we can so easily let it go. they had a beautiful constitution, and people of -- ordinary germans held -- handed their freedom to adolf hitler and it was turned against them. it has gone through human history, over and over again, it happened in france. you had liberty, equality, fraternity. and then you had guillotines. the broadway version, you parad and i was fascinated by that. how do you make democracy work, how do you make it flourished? h

if you like getting your oil from hugo chavez, you are going to love getting breakfast, lunch, and a dinner for him to. we are truly interested. we should preserve a robust economy and of the free market to continue to produce a viable and efficiencies and clean energy technology. i urge my colleagues to do something good for the economy and the environment and put this bill where it belongs, in the recycle bin. >> i would like to yield to two minutes. >> i have to to non-members of the committee that i would like to go out of order to get this imbalance. i would like to yield the gentleman to new york. >> by one soon thank mr. rangel for his courtesy. >> we know only too well that when washington applies itself to a program is over regulates and has the true cost of taxpayers. this bill is no different. there are over 1100 pages and 50 pages dedicated to light bulbs. in order to garner enough votes, they are trying to shift the most punitive cost of the bill to later years of digging in the past. early on, it to be the government bring this enormous bill with your tax dollars. down

. >> i would like to ask you about the relations between president hugo chavez and president, in a shot. they have had the privilege -- president ahmadinejad. they have had a privileged relationship over the last two years. my second question is that if you think that iran should have nuclear energy, is in that effort to the world? -- isn't that a threat to the world? >> on the first question, the french have an expression, that people who resemble each other possible with one another. i think the writing is on the wall. [applause] [applause] been -- i do not think i need to elaborate. as far as the situation, my position has always been very clear on that. before we get into this energy issue, iran before revolution was a signatory to the non- proliferation treaty. as a result, we became 10% shareholders in the consortium which was going to furnish a run -- iran that would be started in one area and should happen completed around 1983, if i am not mistaken. at the time, the community was not concerned about the nuclear program in iran. they wanted to demand tougher sanctions through th

earl warren as governor of california and vice presidential candidate, an hugo black had been one of the leading new deal senators and felix frankfurter as chief advisor to roosevelt, and arthur goldberg, secretary general of the afl-cio. i mean, these were people who were in the newspapers, in the press, well-known nationally before they came on the court. now, what difference it makes is the debate. do you want people on the court or not who have a political background? the third string that strikes me about the difference between then and now is the face of the court, the demographic face of the court. an obvious way, for example is we have women on the court. we didn't have them in 1969. we had blackmon and thurgood marshall on the court as black men and we will soon have the first hispanic justice on the court. there have been changes. it is interesting to recall that in 1969, it was exactly one roman catholic on the court, one jewish justice, and all the rest were protestants, mostly press buy tearian and e piss ka pailian and now by contrast, the majority are roman catholic, t

if you like getting your oil with hugo job as, you are going to love getting breakfast, lunch, and dinner for him, too. into it -- in achieving dramatic reductions in co2 emissions, we should preserve a robust economy and allow the free market to continue to produce commercially viable industries and clean energy technologies. i urge them to do something for the economy and put this bill where it belongs, and the recycle bin. >> i like to yield two minutes to the chairman from michigan. mr. levin. >> i have to non-members of the ways and means committee that i would like to go out of order to get us some balance. >> i yield to the gel them. >> alike feel that to the german from new york one minute, mr. lee. i want to thank mr. rangel for his courtesy. >> the people in my district note to well that when washington applies itself to a problem, it over regulates and hides the true cost to the taxpayer. with it being over 1100 pages in length and 50 pages dedicated to regulating light bulbs, in order to garner enough votes, the majority is trying to shift the most punitive costs to laborers s

one thing several worn as governor of california, vice-presidential candidate, hugo black who had been one of that leading new deal senators, felix frankfurter as chief adviser to franklin roosevelt, arthur goldberg secretary of labor, secretary general of the ifl-cio.

hugo chavez, who describes america as the biggest men ace on our planet and supports narco terrorists and neighboring nations, he, too, would be eligible for these funds. the purpose of this bill is to make sure that our armed forces have the men and material they need to defeat terrorists, that this bill would include funding that could benefit the sponsors of terrorism? that's outrageous. all this being said, i welcome an honest and open debate and vote in this chamber on the i.m.f. funding but my democrat colleagues don't want to risk an up or down vote. they have resorted to fun and games by shoe horning, with no opportunity for debate here in the people's house and won't end there. unbelievablely, democrats are looking for language that terrorists being held at guantanamo bay and they intend to require the immediate release of photographs of detained terrorists, likely inflaming terrorists and endangering our armed forces deployed overseas. and again, i will happily debate these wrongheaded measures on the floor of this body any day of the week, but this attempt to ram these unac

are we really serving the public by making these changes, and i realize the hugo through each corporationit would be different but is there a general sense of who the shareholders are in corporations in america today that had been well analyzed? >> i will let my colleague from the fcc answer that. the only thing i would just say that goes to your point which is we do have to be very careful in the one size fits all metrics for rewarding behavior and i think some of the experts you are going to hear in the next panel are very persuasive in making that case, that simply using stock, while often successful, is not foolproof and i think it is something we should all, us included, should be studied carefully and listening to the type of people you have coming up on the next panel. >> thank you congressman. i appreciate the question. i don't have i-- i don't know i have a full answer for you and i would be happy to work with you to get that but the issue you bring up is if we considered and most of rulemaking matters i have been involved then. you know, interest of shareholders long term, short

hugo job as from venezuela -- chavez, ahmadinejad, they are not exactly friends to the united states. we should be independent of foreign sources of energy in the united states. we have the energy. if we have the will, we can do it, and we can do it together. [applause] this is an issue that you do not hear republicans talk a lot about. i believe it is an issue we can actually take from the democrats. it is the issue of education. it has been said that education is the new civil right in america. i believe that. to compete in the 21st century, our kids need the best schools that they can go to. they already have it in our colleges and universities. we have the finest colleges and universities anywhere in the world. people all over the world want to come to america to go to our colleges and universities. we have arguably the second worst k-12 system in the industrialized world. we are not inspiring children to become and engineers. they need the tools in the fields of science, technology, and engineering to compete. the university said the kids are not coming to us prepared. they are h

since its rise to power in venezuela in 1998, hugo chavez has reinvigorated the radical latin-american left he has formed a block of anti-american countries in south and central america composed of cuba, nicaragua, beleava and -- bolivia. colombian military units captured evidence detailing the venezuelan's extensive support for the terrorists. venezuelan has used its petroleum money to buy friends and use its influence. too often they have succeeded. our friend in colombia has stoutly resisted this siren song. when too many other nations have drifted into cheap anti-u.s. populism, colombia has stood strong, has traveled precisely the opposite way. while president uribe is here in our nation, is meeting with our president, i hope the president of the united states will do the right thing and stand firmly in support of completing the f.t.a. that has been negotiated. it is time for the administration to show great leadership on this issue, which is at every level, in my judgment, just good common sense. however, congress cannot shirk its responsibility for the lack of action on the colom

million americans now you have a few shares of stock in gm and chrysler and when it is time to sell its hugo through the process. it should be relatively simple. >> any response from the administration to suggest this to them? >> i have not suggested it to the administration. i been thinking about it for several weeks. it seems to me to be perfectly obvious, and then when-- the president of gma bikler, it is the treasury's decision when they still the stock according to the with the law is today but he said it is a large amount of stock and senator kyl said selling it would have to probably be done in stages over a period of years ago this could be done in a few months and it would mean we would have 120 million or so americans own general motors and chrysler. that is 60% of gm. >> uaw fun the hans about 17%. that is nonvoting. the government of canada owns 12% and the bondholders holding the rest. the american company would be back the way companies are supposed to operate and the president instead of driving their hybrids from detroit to washington every day, to answer some subcommittee's

victor hugo was a spiritous appear to try to contact you're deceased relatives and he tried to do that to contact his dad. he loves his mom who needs to go visit her out in this oddly not that far away from for absolutely call of the cultural place a few years back. he used to go out to see his mother but then he fell in love with this woman as far as the relationship never existed and she had the disadvantage of being married to one of her brothers and our cust friends. and i've got no where, he made clumsy efforts and got nowhere. that did not drive him to become an anarchist, what drove him to be an anarchist was living in haiti than 20 of area among the best people he had ever known. the anarchism who was in italian anarchists and one who was long dead but anarchism at that time was in the newspaper published and he gradually became an anarchist in those days. the places he lived helped create this hatred. as i said he lived in an area of the streets that don't matter now but they did to him. there is an underappreciated novel from 1898 in which a priest who like to the r.e.m. song

if you like getting your oil from hugo chavez with cap and tax you are going to love getting breakfast, lunch and dinner for him too. we are truly interested if -- if you are truly interested in achieving dramatic reductions in co-2 emissions without destroying our economy, we should preserve a robust economy and allow the free market to continue to produce commercially viable energy efficiencies and clean energy technologies. i urge my colleagues to do something good for the economy and the environment and put this bill where it belongs, in the recycle bin. i yield back, mr. speaker. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from new york. mr. rangel: mr. speaker, i'd like to yield two minutes to the gentleman, chairman levin from michigan. mr. levin. i'll be glad to. mr. barton: i have two nonmembers of the ways and means committee that i'd like to go out of order to get us in balance so mr. camp and you could balance each other. mr. rangel: i yield to the gentleman. mr. barton: i'd like to yield to the gentleman from new york one minut

our state department criticized hugo taught as for using the resources of the government to affect elections before representatives to control the government. so what can you do to propose to congress or you're on board for regulatory changes rules that would prevent corporate management from using the resources of the company to unduly influence the outcome of the election without giving similar resources to the other side? what to do to say this and challenges supposed to get resources and what has the sec done to make sure that the challengers have equal space in the proxy statement which is the one document you to control? >> thank you, congressman. that exact issue was the point that the commission took up on may 20 and as you may know this is the third attempt the commission has made to give shareholders to have a state law right to nominate directors the ability to have those nominees included within the company's proxy materials. so the issue about disclosure and the ability to provide disclosure about nominees is all included in that rule proposal is up on the commission's website a

it's just scary that it represents hurricane, hurricane hugo came through south carolina and it was very devastating. i appreciate the work of the chairman of this committee. i've never met anybody in the entire congress more dedicated to a cause than of this subcommittee. i'm just trying to stay up with you. south carolina is certainly in harm's way. i want to thank all the folks at state, local, federal level who help our fellow citizens in disaster. in myrtle beach we had a huge fire. the fire did a lot of damage to myrtle beach. it's not just hurricanes. the red cross was there so hurricanes are what we're talking about. so coastal communities can be hit by many different ways. ron osborn, the director of the emergency management division office of the general could not be here but he prepared a report about hurricane preparedness and i'd like to submit it to the record. they're doing a major exercise in south carolina today. ron is a very smart guy and i'd like to put this in the record. >> without objection. >> and one final thought, as you talk about -- you know, when you go down

also there is enough evidence of hugo chavez supporting columbian guerillas and intervening in other countries in the hemispheres. but there's not too much that us americans can do. the last administration i know for the first time that they were told stop buying oil from venezuela. you haven't done anything, you know, it's 10 years he has been in power. but also you mentioned -- actually, i personally admire madam secretary of the state, you know, hillary clinton. she had said, you know, in china, hey, just put aside the human rights and let's just try to -- >> please, can we have the question. >> yeah. it's really, you know, an issue that venezuela, you know, in the united states agenda? >> i would like agree with that. >> the question is, is venezuela an issue on the u.s. agenda? at the national level, you have to realize that the president of the united states, the national government be, is faced with the most severe economic crisis since the last severe economic crisis which is about 30 years ago. i'm not trying to be facetious but, you know, we have to keep this in perspective

hugo chavez from venezuela, ahmadinejad come as some of these other folks that have oil in the worldre not exactly necessarily friendly to the united states. the bottom line is we should be independent of foreign sources of energy in the united states. we have the energy if we have the will, but we can do it and we can do it together [applause] this is the issue you don't hear republicans talk a lot about and i don't know why it is an issue i think we can take from the democrats come with the issue of education. has been said education is the new civil rights because to compete in the 21st century they need the best schools, the absolute best schools they can go to. by the way they already haven't in colleges and universities anywhere in the world. people all over the world want to come to america to go to college and university. we have arguably the second to worse k-12 system in the industrialized world. we're not teaching science or math or inspiring kids to become engineers they need the tools in the mathematics feel to compete in to the 21st century. talk to anybody at the unive

the only way i could get insurance through being a registered nurse, hugo back to work at a hospital in the covered under a group. they cannot deny you that way. i have done a lot of research but as far as individual policies for the rest of my life i am uninsurable. >> because of your preexisting condition? >> because of my cancer. once you have cancer you are uninsurable forever. >> thank you. i apologize. i did not see you there but five minutes of questions. >> that will teach me to wear a light-colored suit. >> thank you mr. chairman. i want to express appreciation to the witnesses for coming today. >> none of us can condone the abuses in the system and you have pointed out some of these to be in that category. i know that it's a great deal of effort on your part to come and we appreciate your courage and we appreciate your time you devoted to it. i do not have any questions. i think your testimony speaks for itself. thank you mr. chairman and i yield back. >> that was pretty quick. any other-- let me thank this panel for their testimony, your heartfelt testimony and thank you f

hurricane hugo came to south carolina and was very devastating so i appreciate the work of the chairman of this committee. i have never met anybody in the entire congress who are dedicated to a cause and then to the subcommittee. i'm trying to stay up with you, but south carolina certainly is in harm's way and i want to thank all the posts of state, local and federal level will help our fellow citizens with disaster in myrtle beach which a huge fire. the fire did a lot of damage to myrtle beach, not just hurricanes, the red cross was there some hurricanes are what we're talking about today but also committed these can be hit in many different ways. it ron osborn, the director of the reasons he management division, madam chairman, could not be here today but he prepared a report one about hurricane prepare ness and out like to submit it to the record in. if they are doing an exercise in south carolina today but ron is a very smart guy and now like to put this into the record. >> without objection he met in one final thought as you talk about when you go down to the coast of south carolin

my business to do so, turn around the next week and nationalize something else, do a photo op with hugo chavez and that great nationalizer in venezuela, appears to me to be a pikecompared to the one we have in the white house. but these 22 czars that we have, the once that stand out and get my attention, for example, executive pay czar, the payroll czar, the guy who sits there and figures out, joe's making too much money and shannon's not making enough and we need to have some more people out here that are sacrificing for the good of the whole and i look at that, when -- and then as i understood this, too, it went beyond those that had taken federal money, but they were going to at least look at executive pay in all of the large corporations and the c.e.o.'s and make sure that wasn't out of proportion. remember that number, about $500,000, plenty enough for anybody to make in a year or so. they would put a cap on all of that. and it's harder to do so if there isn't federal money involved. but not impossible to do so, if you look at some of the impossible things that have already been ac

i stopped going to beach parties with hugo months ago. i did not played doubles in tennis with ahmadinejad for a while and i am no longer sharing my-- with vladimir putin. i am sick and tired of these guys and i don't like them either but did they not understand the bhagwati theory? this is named after bhagwati at columbia. you never use trade as a political weapon. dew just -- if embargoes worked, north korea years ago would become a free market capitalist nation. it doesn't work. i am if embargoes wert cuba would have been free market, pro-growth as well. it would seem the truth, beauty and light of the american way. zimbabwe did not be there. and farkas don't work but when embargoes do to is the cause your country as much damage as the country yum vargo. what these people are proposing with trying to punish these countries, what they are proposing is that we don't want to rely on these bad people because they might cut us off, so what do we do in exchange for the threat that they might cut us off? we cut ourselves off. it does that mak

>> caller: well, yes, but would he prefer an educational system like the leader of venezuela, hugo chavez? because i know you praised mr. chavez when you go down there, his educational system. would you like to see that here in america for the kids to denounce captain level and go -- capitalism and go more for a marxist type of education? and thank you -- >> host: bill ayers. sure. >> guest: i'll answer two of those questions or comments. on the question of the communist party funding the vietnam vets against the war, i don't know about it, but it may be true. but it makes me actually -- i've never been a supporter of the communist party, but if they gave the vietnam vets money against the war, it makes me warmer towards them. it reminds me of a friend of ours who founded the highlander folks school at the end of his life when he was dying we sat down with him, and we were going over pictures from the civil rights movement. highlander was the center of the civil rights activity in the south, and it was a marvelous place, and miles was a real hero in american history. but we were going thr