mr. allison, with all of the holiday fanfare before us, i think san francisco deserves, after what we have demonstrated over the last few months -- because no other city has been able to exemplify the coming together, especially in this rare form of consensus. being able to operate in and a regular time line, taking care of the city's business, the business of the people, and providing for the people and yourself, a great bit. we are the perfect place on planet earth to host the america's cup. [applause] >> mark buhl? >> thank you, mayor. there is an old saying. victory has married parents and defeat is an orphan. you have heard about the board, which we are very grateful to. the mayor did an extraordinary job. i am a private citizen. working with the port authority, city attorney, mayor's office, it has been a real eye opener of the professionalism and talent that rests within the city. i want to congratulate all of those people. i see lucy, and george from my committee. lucy has a replica of the america's cup around her neck. that is how long she has been involved in this thing. we will

mr. allison walked away from the deal. -- if mr. ellison walked away from the deal. secondly, other cities are ready. we should take this opportunity now with the deal we are presented. lastly, i think it is unrealistic to term the exchange of development rights along the bay as "giving them away." they are valuable development rights. they have not been utilized. people have avoided developing here because of the cost. this is an opportunity to develop the waterfront. i urge you to vote yes. thank you. supervisor mirkarimi: thank you. this will be the last public comment, unless anybody else would like to do so. this is your last opportunity. >> good at afternoon, supervisors. ball the black with the san francisco chamber of commerce. -- good afternoon, supervisors. by black with the san francisco chamber of commerce -- bob black with the san francisco chamber of commerce. we have an opportunity to marry sports, technology, and media in a way they have never been married together before. we will see images, not just one blimp flying around in the park or the at&t st

mr. masse said assumed the title of assistant secretary on december 2010. after herbert allison step down from the position. before that, mr. massad served as the chief counsel and the chief reporting office for the office of financial stability. if part to starting this government work, he worked at the office -- let's say -- worked at the onset of the 2008 financial crisis, he was a partner at a financial institution where he had a perverse international corporate practice with the emphasis on corporate offerings. underwriting and security issues. he received an a b degree from harvard in 1978 and another from harvard law school in 1984. mr. neil barofsky, no stranger to this committee, was sworn into the office on december 2008 as the special treasury department inspector general to oversee the troubled asset relief program. prior to that, mr. barofsky was a federal prosecutor in the united states attorney's office for the southern district of your for more than eight years. in that office, barofsky was the senior trial counsel who headed the mortgage fraud group. mr. barofsk

allison. >> reporter: good morning to you, dave. that's right. president obama today travels to a green energy plant in wisconsin as he tries to keep the focus on future technology. >> mr. speaker, the president of the united states. [ cheering and applause ] >> reporter: for his third state of the union address, his first before a republican house, president obama tries to rouse congress and the nation to come together to win the future. he's calling for new spending on education, innovation and infrastructure. >> at stake right now is not who wins the next election. after all we just had an election. at stake is whether new jobs and industries take root in this country or somewhere else. >> reporter: to deal with federal record deficits, president obama is also proposing a five year freeze on most government spending. a look at possible social security reform. and the elimination of tax cuts for the wealthy. republicans are scoffing at the new spending and say the nation is at a tipping point. >> we are at a moment where if government's growth is left unchecked and unchallenged, america's best century will be considered our past century. >> reporter: now other critic