lo and behold, when he returned to washington, the senate republican leader came out against common-sense reforms that we have proposed. in doing so, he made the cynical and deceptive assertion that reform would somehow enable future bailouts, when he knows that it would do exactly the opposite. every day we do not act, the same system that led to bailouts remains in place, with the exact same loopholes and the exact same liabilities. if we do not change what led to the crisis, we will doom ourselves to repeat it. that is the truth. opposing reform will leave taxpayers on the hook if a crisis like this ever happens again. so, my hope is that we can put this kind of politics aside. my hope is that democrats and republicans can find common ground and move forward together. but this is certain -- one way or another, we will move forward. this issue is too important. the costs of inaction are too great. we will hold wall street accountable. we will protect and empower consumers in our financial system. that is what reform is all about. that is what we're fighting for. that is exactly what we'

the democratic leader of the senate, he had just become democratic leader in the mid-1990s, and lo and behold, here comes bob deaoe to have been meeting with him in his office. daschle as the new guy on the block. he was so flattered, spending his time with me, then he realized what senator dole was up to. it was genuine, but by him coming to my office, it showed that he had the power to end the meeting when he wanted it and the meeting. bridget wanted to end the meeting. that had a very good relationship. the senate organized a series of speeches and the late 1990's called the "leader is a collector's series." the transcripts are on the senate web site. senator dole gave his speech having been out of the senate for four years, and it was 10 years ago this month. i read it and it is filled within sight. about what it means to be a leader of the senate. nine leaders and "-- including the former vice president came and spoke. each 1.3 the previous speeches -- each one went through the speeches of the previous leaders. it is of great deal of leadership in the senate and it is a terrific work on

lo and behold, in that particular case, when congress passed the statute, as you well know, both houses come to a conference committee and write a report that goes back to the chamber, and the system for the senate adopted a harmonized lot is a vote, do you adopt the conference report, yes or no? in this particular case, there was harmonization. the senate did vote yes, unanimously. when it set in the conference report, as well as having the language cost, it says this word is intended to cover export fees. ok, i think maybe that gives us a clue, since it was signed by every senator and every represented at that conference and that passed unanimously. so i would say, i first thought this was tough, because you have a purpose. of the time i looked into it and found out what congress had actually done, it was not nearly as tough. and so i wrote just that in my dissenting opinion. [laughter] >> and when congress adopts a committee report, it adopts the language of the bill recommended by the committee report. congress does not enact committee reports. it in tax laws, and the way to interpr

they want them to think they're paying a hundred bucks, but then after four years and 23%, lo and behold they're paying $400. the only people who lose jobs are people trying to scam consumers, i don't care if they lose their job, they've already lost their souls. >> brenda: there's going to be some job creation in washington d.c. >> bureaucracy, if you want to get into real estate do it in the washington metropolitan area and jobs are going to come. i agree with toby. you may not like jp morgan chase, using them as an example, spinning off the trading desk and hedge fund units are making money. what's left. a hulk after bank, with commercial real estate loans that may or may not go bad. they're in the going to lend company to who, companies who want to expand and do what, hire people. >> you heard that, that's good, actually. >> brenda: that was good. gary b. >> what's wrong with preventing fraud? telling consumers what they're buying. >> we already have the laws they've got to enforce them for crying out loud. we have laws this thick on this issue. >> the agency won't do this. >> that's

consciousness in the 20th century we negative iran electricity as the communication vehicle and lo and beholdecome psychological and therapeutic my grandparents could not think psychologically we think that way in the 20th century so consciousness changes mythological mythological, theological and ideological and psychological. each maurer sophisticated communication revolution to organize more sophisticated energy receipt -- regimes brings more diverse people together and the more integrated poll. i don't know if any of you happen two countries where they still have some tribe left but in all cultures the central nervous system does not extend beyond the shouting range. and that happens it is a very small playing field but when they go to script and print and electronic culture the communication allows us to broaden our central nervous system to pt christians, muslims and muslims. the extension of empathy and the process. and the 19th century when we went to the modern market economy and a nation state the first industrial revolution, print technology had empathy extend itself? to the nation

he was here preparing for a debate in 2008, promised he would come back and lo and behold, here is he. before he left the white house yesterday, alex, appearing in the rose guarden in a ceremony, with long with men and women in uniform, having them swear in their citizenship, a very moving ceremony at the end of which the president spoke forcefully against what's happening in arizona. now, the context of what's happening in arizona, a political as well as a policy context, there was a controversy there when the beloved rancher was shot, suspected by illegal immigrants that crossed into his territory. this is an ongoing problem, an ongoing controversy, not only in arizona where there are an estimated 500,000 illegal immigrants but all across the country. nobody has to be reminded, going back to the last days of the bush administration of the volatile debate about immigration reform in this country. arizona passed a law, the president reacted calling it misguided saying he'll have the department of justice look into whether civil liberties may be violated because of the possibility of r

when they get to the white house, te tend to have a different take on executive power, lo and behold.the year's most bizarre senate races the unfolding in florida. mitt romney's down there today to endorse marco rubio who polls show is likely -- the primary is a way off. but polls show rubio likely to beat crist. charlie crist is the sitting republican governor. once a darling of the republican party. today he talked about the advice he's getting to run as an independent instead. >> i can tell you, i'm getting a lot of advice in that direction. so i'm a listener. so i'm certainly listening to it. >> listening this week. he was no, no, no, no, no way last week. that kind of talk doesn't sit well with the republican establishment here in washington. >> he would lose all republican support if he were to run as an independent. >> i hope that charlie crist will remain a republican. >> let's get to why we're even talking about this. we're talking about this because this is, as you said, a darling of the republican party. was considered a shoo-in. john mccain had endorsed charlie crist. >> a

and lo and behold democrats picked up another 21 house seats on top of the 8 -- the 30 they picked up before. they picked up 8 senate seats on top of the 6 before. and the end result, what we had focusing on the house is 53 democrats today that are sitting in seats that were held by republicans four years ago. they were '06, '08 in subsequent special elections. we have 48 house democrats that are in districts that john mccain won. 47 are in districts that mccain and george w. bush want. and keep in mind the margin the democrats in the house have is 40. and so they just flat have a whole bunch of people that are in enemy territory. now, the senate is a little different because it's got that 6-year calendar. but there's still some weird exposure there. and let's face it, you know, democrats are very, very, very, very, very likely to lose the seat, the senate seat, that president obama had in illinois. the seat that vice president biden had in delaware. and the seat that ken salazar, who was senator -- democratic senator now secretary of interior, you know, that he had is basically a tos

i think -- i think that after all of these years, lo and behold a shock to me this is actively working. >> host: your book sort of starts with this point in iraq where it's called the neoconservative influence in the government people like paul wolfowitz, douglas, elliott abrams over the national security council. let me ask you first with a shape the debate in a way they would be limited with president bush knew and understood or were they pandering to a pre-existing world view of george w. bush or to the have any insight? >> guest: i don't think that george bush had a pre-existing world view. when he came into office he intended to be a domestic president and when he was running he said the u.s. military shouldn't be nation builders. he believed i think that the fight wolfowitz that current, but political current and the u.s. government had enormous influence. i was talking to joshua used to be with the american enterprise institute and i said you guys have an influence and i said when did that happen and he he said september 12th. think for president bush's point of view. the planes

i think that after all these years, lo and behold, a shock to me, this is actually working. >> host: your book sort of starts with this point in iraq, where let's call it the neoconservative influence of the u.s. government, people like paul wolfowitz, douglas faith, l.a. abrahamson and there has been-- national security council. let me ask you first, where they shaping the debate in a way that they were limiting what president bush knew and understood or were they pandering to a preexisting worldview of george w. bush? do you have any insight? >> guest: i don't think that george bush had a preexisting worldview. i think when he came into office he intended to be a domestic president and when he was running for president he said the u.s. military shouldn't be nation builders. he believed it. but, i think, i think that abrams and wolfowitz, that political current in the u.s. government had enormous influence. i have spoken to joshua who used to be with the american institute and a well-known neoconservative and i said, you guys have really got an influence. he said yeah. i said, when

they thought that this one might be carrying some type of disease and it has lo and behold been brought to washington, d.c., to be examined further by federal authorities to see if it was carrying any type of disease or contamination from the nation of brazil. now, madam speaker, i bring this to the house's attention for this reason. our united states department of agriculture is so good and so competent that they are able to keep out of the united states illegal grasshoppers about three inches long, they're able to find them on this massive ship in the port of port arthur, texas, carrying 13,000 tons of paper pulp, they're able to capture these grasshoppers, send one to washington, d.c., to be examined, to see if it's carrying disease. i commend the department of agriculture for their work and tenacious activity in making sure illegal brazilians that are grasshoppers don't enter the united states without being caught. now, it seems to me that if we are so advanced with technology and man power and competence that we can cap turrill legal grasshoppers -- capture illegal grasshoppers fro

and lo and behold and the qualifications which they would have would be directly next to the trainingon that. so we said thank you, we've gone through that exercise. those are the challenges that have been out there. lastly, i really respect the fact general phillips and that your predecessors and those behind realized you had a very significant job to do and you didn't have the staff to do it. and the balancing act then became we hired a contractor to get that work done. and we're going to talk a little bit about the firewalls and the controls and the things like that with the next panel. but without it, your risk would have been much greater. with it we're asking questions about are there proper firewalls -- you know, appropriate questions. so, you know, that's kind of like, excuse me, you're damned if you do and you're damned if you don't in this process. so i want to share. and last of all, i kind of made the analogy or whatever, mr. assad, you've laid out all the stepping stones. but you got to have the resources and the people to follow that. and execute that. and several here h

lo and behold, it all worked out just as my dad said it would. >> you also write something at that time you thought it was the kind of guy your sister wouldn't run over, but your mom and dad, after meeting him, felt she would eat him alive. was she tough on guys? >> she didn't suffer many fools. so, you know, she's -- i wouldn't say she's -- she was overly tough. she was just discerning. and it would take a strong person to be able to relate to my sister. >> you talk about t fact that growing up -- you were a stand-out basketball player in high school and in college and there was, for a long period of time in your family, it was michelle who was proud to be craig robinson's little sister. >> right. >> and now, in many ways -- although, you're doing very well -- the shoe is on the other foot. and how do you like it? >> i love it, as a matter of fact. and she spent so many years coming behind me, whether it was sports, school -- we went to the same grammar school together. she was always craig robinson's little sister. i tell you, being michelle obama's big brother is a real treat and not

and lo and behold democrats picked up another 21 house seats on top of the 8 -- the 30 they picked up before. they picked up 8 senate seats on top of the 6 before. and the end result, what we had focusing on the house is 53 democrats today that are sitting in seats that were held by republicans four years ago. they were '06, '08 in subsequent special elections. we have 48 house democrats that are in districts that john mccain won. 47 are in districts that mccain and george w. bush want. and keep in mind the margin the democrats in the house have is 40. and so they just flat have a whole bunch of people that are in enemy territory. now, the senate is a little different because it's got that 6-year calendar. but there's still some weird exposure there. and let's face it, you know, democrats are very, very, very, very, very likely to lose the seat, the senate seat, that president obama had in illinois. the seat that vice president biden had in delaware. and the seat that ken salazar, who was senator -- democratic senator now secretary of interior, you know, that he had is basically a tos

lo and behold the public disclosure provision senator wyden and i had worked so hard on and which the senate had overwhelmingly adopted on that 84-13 vote, had been altered, and altered very significantly. now, keep in mind that under article 1, section 5 of the constitution, each house may determine the rules of its proceedings. that means that the house of representatives has no say whatsoever about the senate rules. when the full senate speaks on a matter of senate procedure, that should be the final word. and particularly if it's 84-13. so i want to be very clear that the current weak disclosure requirements that we now have are not the ones originally proposed by senator wyden and this senator. in fact, at the time i came to the floor and criticized the specific changes because i saw that they would be ineffective and ineffective they are. so let me reiterate some of those criticisms that i initially aired to the senate on two occasions, august 2, 2007, and september 19, 2007. in the first -- in the version the senate originally passed, we allowed three days of senators to submit

lo and behold, in a particular case, when congress passed the statute, as you well know, the laws and go to a conference committee, and they report on the harmonized law which goes back to the chamber and the system for the senate adopted the harmonized lot is a vote -- do you adopt the conference report, yes or no? in this particular case there was harmonization. the senate did vote yes unanimously. 98 to nothing. as well as having the language "cost," it said this word is intended to cover expert fees. ok. i think maybe that gives us a clue, since it was signed by every senator and every representative at the conference and it passed unanimously. and so i would say, i first thought this was tough because hey, you have a purpose in either direction. by the time a look into it and found out what congress actually done, it was not nearly -- i looked into it and found out what congress actually done, that it was not nearly as tough. and that is what i wrote in a dissenting opinion. [laughter] >> when congress adopts a committee report is about the language recommended by the committee r

the recession has lingered on and anger against incumbents is raising and lo and behold marco rubio is propelled to the front. host: what are we looking at in a matchup with the democratic candidate. how would we see things face- off? guest: there was a new poll just this week that found basically  dead heat between those three -- the republican rubio, likely democrat kendrick meek, hersman -- and crist as an independent. host: if the runs as an independent how would it affect kendrick meek's campaign? guest: on the one hand it gets in the spotlight. right now he has been largely overshadowed by the two republicans duking it out. that is good because he needs to raise his profile. çbut as i said before, democras like the governor -- some do, at least. there are pros and cons for kendrick b.s. host: de have -- the have any idea what would go into the decision friday? guest: 11 had a deeply personal decision and on the other hand one of the biggest personal calculations ever made. the governor is known to have one of the best political instincts in florida. it obviously they have faile

and lo and behold, once they were deregulated to, not my surprise, they went out and did all kinds of very, very strange things, reckless things, illegal things, which brought us to where we were a year and a half ago. so i think what we need is real financial reform. we need a cap on interest rates so that wall street cannot continue to rip off ordinary americans. we need transparency at the fed. we need to know which financial institutions are receiving trillions of dollars of taxpayer money. we need to begin the process of breaking up these huge financial institutions, not only from a too-big-to-fail concern but also from a concentration -- concentration of ownership issue, because you're going to need a lot more competition in the financial industry than we have right now. so let us -- we will find out soon enough whether our republican friends doing more than reading from a pollster's playbook or whether they are serious about taking on wall street. i have my doubts but i hope that i'm wrong and i hope that we will gain their support in bricking real reform to our financial insti

and lo and behold -- and the qualifications they'd have to have which were directly next to the training that the dcaa had. zero firms bid on that and so we've said thank you we've gone through that exercise. those are the challenges that have been out there. lastly, i really respect the fact, general phillips, and your predecessors and those behind, realized you had a very significant job to do and you didn't have the staff to do it. the balancing act then became we hired a contractor to get that work done. and we're going to talk a little bit about the firewalls and the controls and the things like that with the next panel. but without it, your risk would have been much greater. with it we're asking questions about, are there proper firewalls -- you know, appropriate questions. so, you know, that's kind of like, excuse me, you're damned if you don't and damned if you do. and i kind of made the analogy, mr. assad, you laid out all the stepping stones but you've got to have the people to follow that. and some of the people said why did it take so long and we can execute and we can argue

lo and behold, we were right. enters for medicare and medicaid services, or c.m.s., recently concluded that implementing this bill means health care will be 21% of our g.d.p. in 2019. up from 16% today. taxpayers will be forced to spend $410 billion to expand medicaid to 20 million new beneficiaries. and that's only at the federal level. that doesn't count the state level spending in which my home state of texas has been estimated to incur a $24 billion unfunded mandate over 10 years. mr. speaker, there's a better way to provide access to quality, affordable health care for all americans. we should repeal and replace the government plan with one that makes sense. the american people deserve no less. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from massachusetts rise? >> to address the house for one minute. the speaker pro tempore: without objection. miss tsongas: last week i met with a businessman who showed me several months of his credit card statements. due to

well, lo and behold, who makes up the tea party movement? here it is, folks. let's break out the pie chart. 57% of the tea party, republican. 28%, independent. 13%, democratic. when you do the whole number crunching, you find out that 4 in 10 tea partiers are independent or democrats. >> and that is terrible news for the democrats who are bad mouthing the tea party people or the members of the mainstream media who are trying to marginalize them because when you look at that pie chart and you realize that 4 out of 10 people that are on the tea party and part of that movement, that is a daunting number. this number comes to us from the winston group which is a polling organization. they did three separate polls for an education advocacy group and they realized that out of the thousands of people they talked to, 500 people on the phone said yeah, i'm a member of the tea party movement. which they found extraordinary. >> yeah, 80% of those in the tea party movement disapprove of president barack obama's performance and 82% oppose the democrats' health care plan. 2

but lo and behold, that patient develops an abscess, an infection from that needle biopsy which is certainly a risk, a very low risk, but it could occur. that doctor would probably, he or she, would be sued out of their practice. for doing the right thing but yet the provisional obamacare would allow this preventative services task force to make it appear that they had done the wrong thing. and they would not be able to defend themselves. so, these are just some of the things that i guess as madam speaker was talking about, the speaker, madam speaker, i know you're the speaker pro tempores a it were tonight, but speaker pelosi was quoted as saying, i don't know, just maybe a week or so before the bill passed, that we need to hurry up and pass this bill so people can find out what's in it. well, people indeed, madam speaker, are finding out what's in it and the not pretty. it's not pretty. i think the gentleman from tennessee wants to make one more point and then i will quickly refer to dr. broun and also dr. cassidy as joined us and look forward to yielding to him as well. mr. roe: i thank t

and lo and behold democrats picked up another 21 house seats on top of the 8 -- the 30 they picked up before. they picked up 8 senate seats on top of the 6 before. and the end result, what we had focusing on the house is 53 democrats today that are sitting in seats that were held by republicans four years ago. they were '06, '08 in subsequent special elections. we have 48 house democrats that are in districts that john mccain won. 47 are in districts that mccain and george w. bush want. and keep in mind the margin the democrats in the house have is 40. and so they just flat have a whole bunch of people that are in enemy territory. now, the senate is a little different because it's got that 6-year calendar. but there's still some weird exposure there. and let's face it, you know, democrats are very, very, very, very, very likely to lose the seat, the senate seat, that president obama had in illinois. the seat that vice president biden had in delaware. and the seat that ken salazar, who was senator -- democratic senator now secretary of interior, you know, that he had is basically a tos

lo and behold, what did he stay in his analysis showed that it will increase health care costs insteadat we all know we can't afford today, yet, off we went with our new trillion dollar bill. it will raise premiums on health care. it will threaten seniors access to health care, it will create, in effect, a health care bridge to nowhere for a great number of low-income americans who will find that they can't get a doctor or in washington state that walgreens won't fill their prescription. this will make that problem worse. and to those who are going to be serving as governor between 2014-2019, it's very bad news. because it talks about the increased cost of medicaid, which is the largest government health care program and many of those costs are passed on to states. i know in our state, our legislature, republican, and our governor, democrat, has said, we don't see how we can afford this. it is $1.1 billion to $1.5 billion. it will call tax increases and tuition increases at the the universities and i think it will seriously damage public education. anyone can read this for himself or h

far which is what happened to in the high-yield crisis of 87 and the internal crisis in 2000 and lo and beholdwhat happened in this crisis in 2007 and 2008 and the innovation this time was with a fascinating innovation at salles and brothers in the 1980's who came up with this idea of securitized in cash flows for which was another way of saying aggregating, bundling up these cash flows that people had when they paid their credit card bills are paid their car loan payment bills or surprise surprise they pay their mortgages, so you had people once upon a time would go to your local community leader, he knew you, you knew him, he knew your family, he knew where you work and decide if you want a mortgage she would give you one based on your reputation and credit quality and in command all those things and you have this jury symbiotic relationship he kept the asset on his bank balance sheet if you're a good customer and paid for mortgage his asset was worth 100 cents on the dollar may be more depending on interest-rate changes. if you didn't there was no place for him to sell it, he kept it and lo