and force the lincoln administration to negotiate a political settlement. the confederacy could never conquer the north. so they had to bring the north to the table. and in lee's tight elections that was part of his strategy. and so as many well know, at the end of june 1862, the confederate army struck. and the army struck at what is known as the seven days campaign. actually, we like turning points in wars, in any war. civil war is famous for being a diplomatic turning point. and ms. burt and vicksburg in the military turning point. folks come in some ways a critical turning point was the seven days. the war changed. the war took a new course because of the seven days. lee and his army are going to change everything in the east and are going to change it for the next year. when he drove the army of the potomac with i think george mcclellan said help in the sense of mcclellan want to retreat and get away from them, but when they achieved that, the war in the east is going to change. that's because lee willing to do this. now, this is an army that will be n

thousands, and they force this issue of slavery into the agenda of the war, the force the lincoln administrationto make a decision what to do with these people, the administration decides not to send them back and very quickly end up supporting the union calls fighting for the union cause sometimes literally they become laborers in the union camp's and become spies for the union. as the army's penetrate the territory there should be only friendly faces, the only people who come out and welcome them and help them, show them the way. and even weeks into the civil war as general benjamin butler is sending out his force into what becomes the first significant land battle in the war he sends out and whether the head of the force alongside the commanding officers is writing one of these escapes who's been helping them as a scout and butler orders this man be given a gun to use when they go into battle. it's extraordinary moment. this is about two years before we think of as the beginning of black americans servings as glory regiments in massachusetts and so to me this moment emancipation begins is not

maybe hit them again on free soil, when the victory that would bring the lincoln administration to negotiationable. davis was so taken by the idea in a sense, but he formed at reman commission that would negotiate with the lincoln government upon a confederate victory in pennsylvania. so when we went north he went north to settle. now, if you read his report you will get a different interpretation of that. it is almost like i'm taking the boys into pennsylvania. we are planning to spend a few times there on a holiday and then come home. we won't fight a general battle. he didn't. the folks, he was looking for the army of the potomac in pennsylvania because he was hoping that they would have to march after him and be strong and he could hit them. he did not want that fight on july 1st. and part of the reasons -- and i know. he failed in his campaign. some will argue, no. stewart has orders to do what he did, but i mean where you failed was his misjudgment, serious misjudgment. it left lee in many ways blind to what was and is front. and so on the morning of july 1st 1863 police crossed the sout

battlefield victories that might break the will of the northern people and forced, in forcing the lincoln administration to negotiate a political settlement. the confederacy could never conquer the north. so they have to bring the north to the table, and in lee's calculations that was part of his strategy. so as many of you well know at the end of june, 1862, the confederate army struck and the army struck what is known as the seven day campaign. and we like turning points in the war and any war. the civil war, and heave of being a diplomatic turning point, the gettysburg as a military turning point. folks in some ways a critical turning point was the seven days. the war changed. it took a new course because of the seven days. lee and his army are going to change everything in the east and are going to change it for the next year. when he drove the army of the potomac with i think george mcclellan's held in the sense that he wanted to retreat and get away from him but when they achieved that, the war was going to change and that is because of lead willing to do this. now, this is an army that will be no

arguably, what is the third-biggest thing that the lincoln administration was known for?irst would be the emancipation proclamation. second would be the victory in the civil war. but what's number three? i would argue it was the 1862 transcontinental railway act, enacted in 1862 when the lincoln administration was borrowing as much money as it could from as many creditors as possible to fund the expansion of the union army. with credit already stretching to the limit -- and does this sound familiar? -- the lincoln administration launched the largest infrastructure development program in the history of the united states. we built a 2,000-mile railroad in only six years and created 7,000 american towns, and we did it with only $50 million in appropriations. how did we fund the rest? and the answer was: this was the ultimate public-private partnership. i'm particularly worried in this congress, especially as it considers a transportation bill next year. have we forgotten our own economic legacy, especially from the time that we built one of the largest infrastructure develop

lincoln and sharp. we have the four courses, and changing, we continue this through sunday. we're asking to have change to the gulf, with the administrative gulf, and we change the way that we defined the recap and we would like to charge a promotional rate. and we would like to change is to allow for a discount of 35%. we ask for the ability to increase the tournament race, and this is designed to let us benefit from the fact the u.s. open will be held next june, at the olympic club. there will be many people from out of town interested in playing in harding park, and we would like to classified -- to capitalize on this. >> we will go to the budget analysts report. >> members of the committee, the recommended reductions total 660,000, and these reductions would allow for an increase of 236, two tenths of an increase in the budget with these recommended reductions. this is 24.6%. 74% are ongoing reductions. we recommend returning 35,000 to the general fund, so in total, the recommendations would result in 703,000, and -- this includes 164,000 in savings to the general fund. on page 12 of the report, this should be 164. and i would be happ

administration, to show this joyful learning through cross curriculum training. thank you for your time. supervisor chu: thank you. >> good morning. i am a recent graduate of abraham lincoln high school. i am here on behalf of sf performance is to advocate for the sustained funding of the arts. we explored the realm of poetry in my english class but before we were able to analyze poetry, we had to learn that it takes many layers. it takes time and effort to understand what it meant and how the poet achieved it. but we also learned there is the opposite of poetry, and that, in general terms is television. where poetry takes time to uncover what it is saying, television gives instant gratification. instead of waiting to be rewarded, television gives you everything up front. not only did my teacher apply this to literature and poetry, but he also applied it to music. a lot of the music my generation listens to today is instant gratification and there is no depth to it. all they look for is something with a repetitive and beat which gets stuck in your head. most of these songs simply talk about drugs, sex, and getting lots of money to spend on drugs and sex. but there is the

782, the five-year reauthorization of the economic development administration, which frankly i am proud to have cowritten. abraham lincoln said the legitimate object of government is to do for a community of people whatever they need to have done, but it cannot do it all or cannot so well do for themselves in their separate and individual capacities. end kwoefplt that is what the economic -- end quote. that is what the economic development revitalation act will do. it will help americans achieve what they cannot so well do for themselves. e.d.a. is the only federal agency charged solely with job creation. each dollar e.d.a. funding leverages nearly $7 in private-sector investments. from 2005 to 2010, during the administrations of presidents from each political party, the e.d.a. awarded $1.2 billion in construction-related revolving loan projects. according to estimates, more than 314,000 jobs resulted from those investments. e.d.a. programs are critical to my home state of montana, a state with lower per capita income with great 21st century potential. when the timber industry in the western part of the state suffered se

second look see if we can utilize the administration guarantee on these loans that don't meet our credit criteria on a conventional basis. the credit criteria of our lincolnd due to regulations and losses and so forth. but what that means is the businesses that no longer qualify for conventional lending falloff their plate and land on maudine as the director of government guaranteed lending. so that's why we've been doing more loans because we do look at the exact same criteria that mr. to kottler spoke about with the enhancement of the guarantee we make more loans to businesses by utilizing that and that's why the vitality of the program is so important. >> thank you. i yield back. >> mr. maldon eni? >> thank you mr. chairman. briefly i think one thing we heard earlier bares repeating. i was as surprised as colonel west when we met with the president this morning and were told by him from his own mouth he had very little direct control over the regulatory environment. and ms. ozer you mentioned one of the hurdles you had been facing in your covetousness velte the fdic so who deals with the fdic? is the treasury? >> i think it's an independent agency. >>