mr. brady votes no. mr. forbes votes aye. mr. andrews votes no. mr. miller votes aye. mrs. davis votes no. mr. wilson votes aye. mr. longevin votes no. mr. lobiando votes aye. mr. larson votes no. mr. turner votes aye. mr. cooper votes no. mr. klein votes no. miss berdio votes no. mr. rogers votes aye. mr. courtney votes aye. mr. franks votes aye. mr. lobesack votes aye. mr. schuster votes aye. miss tsongas votes aye. miss con0 way votes aye. miss pingree votes aye. mr. landborn votes aye. mr. kissle votes aye. mr. witman votes aye. mr. heinrich votes aye. mr. hunter votes aye. mr. owens votes aye. dr. fleming votes aye. mr. garamendi votes aye. mr. kauffman votes aye. mr. critz votes aye. mr. rooney votes aye. mr. ryan, mr. ryan. mr. ryan votes aye. mr. plats votes aye. mr. rupersberger votes no. mr. ridgel votes aye. mr. johnson votes no. mr. gibson votes no. miss sutton votes aye. mrs. hartzler votes aye. miss han a boo is a votes aye. dr. heck votes aye. miss hokele votes aye. mr. schilling votes aye. miss speier votes no. mr. runnion votes aye. mr. scott votes aye. mr.

mr. brady. mr. brady votes aye. mr. forbes, mr. forbes votes no. mr. andrews. mr. andrews votes aye. mr. miller? no. >> mr. miller votes no. 34rs davis? mrs. davis votes a ye. mr. wilson votes no. mr. larson votes aye. e. mr. turner votes no. mr. cooper votes aye. mr. klein. >> no. >> mr. klein votes no. mr. ronlers. mr. rogers? mr. courtney mr. courtney votes aye. mr. franks votes no. mr. lobe sack votes ayep. mr. conway votes no. mr. pingrey votes aye. mr. kissel. mr. kissel votes aye. >> mr. whitman votes aye. mr. hinrich votes aye. mr. kauffman? mr. kauffman votes no. mr. critz votes aye. mr. rooney votes no. mr. ryan? >> aye. >> mr. ryan votes aye. mr. platts? >> mr. rupersburger votes aye mr. johnson? >> no. aye. >> mr. johnson votes a ye. dr. heck? >> no. >> ms. hockel votes aye. >> mr. schilling votes no. ms. spear votes aye. mr. runyon votes no. mr. scott votes no. mr. griffin. >> no. >> mr. griffin votes no. mr. palatso votes no. mr. west? mr. west votes no. robey votes no. mr. brooks votes no. mr. young votes no. mr. jones. mr. mcintyre votes aye. >> the

mr. brady votes no. mr. forbes votes aye. mr. andrews votes no. mr. miller votes aye. mrs. davis votes no. mr. wilson votes aye. mr. langevin votes no. mr. lobiondo votes no. mr. larsen votes no. mr. turner votes aye. mr. cooper votes no. mr. kline votes aye. ms. bordallo. ms. bordallo votes no. mr. rogers votes no. mr. courtney votes no. mr. franks votes aye. mr. loebsack votes no. mr. shuster votes aye. ms. tso 234 gas votes no. mr. conaway votes aye. ms. pingree votes no. mr. lamborn votes aye. mr. kissell votes no. mr. wittman votes aye. mr. heinrich votes no. mr. hunter votes aye. mr. owens votes no. dr. fleming votes aye. mr. garamendi votes no. mr. coffman votes aye. mr. critz votes no. fwlchlt rooney votes no. mr. ryan votes no. mr. platts votes no. mr. ruppersberger votes no. mr. riggell votes aye. mr. johnson votes no. mr. gibson votes no. ms. sutton votes no. mrs. hartzler votes aye. ms. hanabusa votes no. dr. heck votes aye. ms. hocl votes no. mr. schilling votes no. ms. speier votes no. mr. runyan votes no. mr. scott votes no. mr. griffin votes aye. mr. palazzo

i would like to ask mr. brady to respond to a statement from a paper in 2010 they argued that the federal reserve's actions in the area of monetary policy during the economic crisis were more powerful and effective than anything congress did fiscally through the stimulus. i would argue that the feds pursuit of the dual mandate contributed to avoiding an all out economic collapse and helped fuel our economy. so i specifically like ask my colleague, can you cite any example of how the dual mandate in any way hindered the recovery? most economists believe that it was helpful in the recovery. >> i think there were a couple key issues here. one, the feds actions in the mid 2000s keeping interest rates too low for long helped bring about the crisis that they later intervened in. simply i do think -- >> but that happened during greenspan's days. >> we're talking the fed as it is today and its actions over the last four decades, truly. secondly, i think the fed -- >> but we're discussing it just because i want to make sur

start after the very beginning, mr. brady, the question i'm not sure i heard the answer to in my mind, your definition under the bill, i am the co-sponsor of a sound dollar is that just the language of saying if we hit our 2% inflationary as opposed to anything else? >> it doesn't say an explicit target of 2%. >> is that something that should be clarified in the bill? >> i'm very open to that. i would like to see congress set that type of target. in a rules based system. >> does the ranking member have a comment on that point by any chance? >> no. i'd be concerned about how you would do that statutorily. we're in a world where the dollar has a domestic role and international role. the international role of the dollar is very significant specially since we are confronts competitors in the world, the people's republic of china primarily who use the currency -- >> for other purposes. >> i would not want to disable ourselves from dealing with that aspect. >> the next question for both of you, if you did pass legislation similar t

mr. brady, you have any thoughts, views on that? >> i do. one, i think the fed is trying to do too much. they're trying to make up for, i think, some failed economic policies, in my view, from the white house. i also believe -- they're sort of like the doctor who gives you a pill every five minutes and says, how are you feeling? take another one. how are you feeling? take another one. as a result of creating uncertainty, i believe the more the fed does, the less responsibility congress and the white house is taking for getting the right fiscal decisions, getting the right tax policy, getting balanced regulations, ensuring the right spending levels, and reforms that create that uncertainty. i believe as the fed does more, congress is doing less. in the long term, that slows our recovery. >> don't you think that congress could be doing something now as far as passing a transportation bill, which would be a job starter? >> you know, ranking member clay, i think it's important, especially long term, to get our transportation policy right. i thin

i agree with mr. brady a discretional bailout policy encourages moral hazard but explicit transparent and evenhanded last resort policy has the same result. if you know the government stands ready to bail you out, you'll take risks you should not take. instead, we should allow banks to compete with each other and succeed or fail, based on their ability to satisfy their customers. reforms such as increasing the number of fed governors, shortening their terms or changing how they're selected are fine, but do not get at the root of the problem. instead, we should replace the old-fashioned central bank with a modern progressive market based alternative such as a commodity standard or competition among currencies. a market based system would free entrepreneurs from the unpredictable and seemingly arbitrary whims of government planners unleashing entrepreneurs to invest, innovate and grow the economy. not only in the long run but now when we so disappointly need it. thank you. -- so desperately need it. >> thank

i would like to ask mr. brady to respond to a statement from really outland blinder and marks and on the paper of 2010. they argue that the federal reserve's actions in the air at monetary policy during the economic crisis were more powerful and effective than anything that congress did fiscally to the stimulus. and i would argue that the feds pursuit of the dual mandate contributed to avoid an all out economic collapse. and helped fuel our economy. so i specifically would like to ask my colleague, can you cite any example of how the dual mandate in any way hindered the recovery? most economists believe that it was helpful in the recovery. >> i think are a couple key issues you. one, the fed's actions in the mid-2000s, keeping interest rates too low, help to bring about the crisis that they later intervened exactly, i do think -- >> but that happened during greenspan days. spent talking to the fed as it is today, actions over the last four decades, truly. secondly, i think -- >> but we are discussing this because

mr. brady, do you have any thoughts and views on that? >> i do. i think the fed is trying to do too much. they are trying to make up for some failed economic policies from the white house. i also believe they are like the doctors and gives you a feel every five minutes and asked how you're feeling? take another one. they are creating uncertainty. i believe the more the fed does the more responsibility congress is taking. bidding their right tax policy and balance regulation, ensuring the right spending levels and entitlement reforms that actually creates that uncertainty. i believe congress is doing more. in the long term, that slows the recovery. >> don't you think that congress could be doing something now as far as passing the transportation bill which would be a job a starter? >> it is important to get our policy right. that would be helpful. at the taking of this discussion of higher taxes, the health-care plan in mind you is a real deterrent for job creation. there is a lot of thing congress can do there is a reason the fed said in the inter

i will run down a serious question, start at the beginning, mr. brady, i'm not sure i heard the answer to my mind under your definition of the bill i co-sponsor of the sound dollar. is that just the language saying if we hit our 2% inflationary opposed to anything else? >> it doesn't set an explicit target of 2%, it does not. >> is that something that should be looked at and try to clarify in the bill before it goes forward? >> i'm very open to that and like to see congress set that type of target in a rules-based system. >> does the ranking member have a comment on that point by any chance? >> no. define -- what is it -- i'd be concerned how you would do that statutorily. we're in a world where the dollar has several roles, a domestic role and international role. the international role of the dollar is very significant, especially since we are confronting competitors in the world, people's republic of china primarily, who use the currency. >> for other purposes. >> i would not want to disable ourselves from dealing with that aspect. >> that goes to the

>> mr. brady has recorded us know. >> mr. brady does

nine hundred seventy four the french have been basically borrowing money so back in the days when mr brady was and power and actually frankly some of the economic policies that we've. today such as those by mr mellon shaw whose votes are now mostly going to mr along probably would have fallen quite nicely with mr brashness world view or perhaps even made him blush well then of course also mentally we see the sort of ridiculous concept of right versus left and it's not there mr sarkozy has been a failure as president he's ultimately taxed towards the center of the center left economically and therefore you have two politicians neither of whom realistically have got a chance of putting france on the right economic truck. is going to be very popular i guess seven he's going to reverse all the stereotype that sarkozy put in place reverse the pension age increase and so reduce wealth inequality sounds lovely can it be delivered on in the real world oh my goodness it's kind of silly delightful it's the sort of thing that bloggers love and you always see at the bottom end of the comments pages am

. >> or mr. brady. >> stephanie: free from anywhere.endment one vote. against north carolina amendment one. against! >> no on one. >> this is president bill clinton. i'm calling you to urge you to vote against amendment one on tuesday, may 8th. if it passes, it won't change north carolina's law on marriage. what it will change is north carolina's ability to keep good businesses, attract new jobs and attract and keep talented entrepreneurs. if it passes your ability to keep those businesses, get those jobs and get those talented entrepreneurs will be weakened and losing even one job to amendment one is too big a risk. its passage will also take away health insurance from children and could even take away domestic violence protections from women. so the real effect of the law is not to keep the traditional definition of "marriage." it's already done that. the real effect of the law would be to hurt families and drive away jobs. north carolina can do better. again, this is bill clinton asking you to please vote against amendment one. >> st

thank you, mr. brady. thanks for coming on the show. good luck. i'll be glad to help.o get out and help. >> we're doing it now. thank you. >> it's up to the good committee people. >>> let me finish with a civic need we have to get people out to vote. you're watching "hardball." you got to vote. >>> let me finish with this. i think people who want to vote should be allowed to vote, don't you? we shouldn't be out there putting undue burdens on people. we should be encouraging the people to vote, not discouraging. it's the good work of political parties to get the voters to the voting booth. they have calling which is to activate voters. it looks this new thing of requiring government i.d. card s creating a real challenge. i'd like to hope that organizations and not just democratic organizations will be out there this summer getting people to deal with this, to get themselves a voter i.d. card. that means getting the raise birth certificate. it's going to be real challenge. i can't think of a better role for party people, committee persons like my grandfather and civic gr

thank you, mr. brady. mr. chairman. thanks for coming on the show. good luck. help. >>> people ought to get out and help. get those people registered. >> you're doing it right now. thank you. >> thanks, chris. >> it's up to the good committee people. >>> when we return, let me finish with the civic need we all have to get people out to vote, what i was just saying, and i mean it. you're watching "hardball." we've got to vote. juice drinks. because less sugar is a better way to fly. ♪ just not literally. capri sun. respect what's in the pouch. of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la [ man ] whoops, forgot one... [ male announcer ] sustainable solutions. fedex. solutions that matter. today is gonna

i get five minutes to maloney.mawoman >> i would like to ask mr. brady to respond to a statement from the argued that the federal reserve's actions in the area of monetary policy during the economic crises were more powerful and effective than anything that congress did escalate through the stimulus. i would argue that the pursuit of a dual mandate contributed to avoid being in all out of economic collapse and helped fuel our economy. i specifically but like to ask my colleagues, can you cite any example of how the demand day in any way hinders their recovery? most believe that it was helpful and recovery. >> i think there are a couple issues. the actions in the mid-2000's, keeping the interest rates too long help bring about crisis that they later intervenes. >> that happened during greenspan. >> often the fed as it is today is over the decades >> we are discussing it. we're looking at the recovery, the actions that took place by bernanke and others. you're saying the interest rates were too low. with keeping it high to avoid inflation have been a sensi

thank you, mr. brady. thanks for coming on the show. good luck. i'll be glad to help.> it's up to the good committee people. >>> let me finish with a civic need we have to get people out to vote. you're watching "hardball." you got to vote. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that

. >> oh, mrs. brady. >> have a great weekend,

. >> oh, mrs. brady. >> have a great weekend, everybody.ation with ken oringer, the great chef. >> we didn't talk a lot about this one. it's delicious and there's hibiscus in it. how do you make a hibiscus margarita? >> it's healthy. >> yeah, the healthier, the less sugar. >> plus, whatever germs you have, it will kill it. that's how i rationalize it. >> dr. quinn, again. >> i was asking ken what i should make this afternoon at this little bash. you said tacos, right? >> steak tacos are so easy. marinate skirt steak with coca-cola, soy sauce, garlic, onion, olive oil and throw it on the grill. >> jeff, had you your wife texting you during the segment. >> she was. she was commenting on ken's restaurant in boston and she was reminding me what we ate there. >> it was memorable. >> it was. no, it was great because ken is has a great tapas place, which is torro, which is fantastic. and i remember -- we went for the first time, must have been, what, six or seven years ago now? >> does he remember? >> when did you open, right around then? >> yeah.

mr. brady, i am not sure i heard the answer, of a sound dollar. isn't that if we hit a 2%? >> it does not set an explicit target. >> is that something that should be clarified? >> i am open to that. i would like congress to accept that type of thing. -- set that type of thing. >> does the ranking member have a comment? >> no. i am concerned about how you would do that statutory lead. we are in a world where the dollar has a domestic and international role, especially since we're confronting competitors in the world, china, who use the currency. i would not disable ourselves from dealing with that aspect. >> if it did pass legislation, how would we know they are meeting the standard if we did not set a standard? >> that is a good question. it is why we should not pass the vote. >> now the rest of the story. >> i think sending a mandate, whether we set the target or not, i am open to holding them accountable to that. one point i would like to make, and going forward, it is a terrible mistake to require all the bank presidents to be appointed and confirmed by the senate. it wi

. >> reporter: cal political science professor henry brady says polls show mr. obama and mitt romney in a virtual dead heat. >> it's the people in the middle, the independents, asking themselves how do i feel about this guy. that really is dependent to a large degree on the economy. >> reporter: henry brady says the economy is anything but certain. in berkely, rita williams, ktvu, channel 2 news. >>> just back from his visit to afghanistan, president obama headed out today to raise more money for his reelection campaign. the president attended two fundraisers in the nation's capital. they are expected to bring in about $2 million. tickets cost $40,000 a piece. the money will be split between the president's campaign and other democratic races. ♪ [ music ] >>> i picked it up, and i poked myself. >> only on 2 tonight, a first grader's encounter with a dirty needle. it's where he found it that has his parents fuming. >> reporter: back here in a few minutes, i've got some rain to talk about for the bay area tomorrow. i'll tell you which areas could see the most rain

. >> reporter: cal political science professor henry brady says polls show mr. obama and mitt romney in a virtual dead heat. >> it's the people in the middle, the independents, asking themselves how do i feel about this guy. that really is dependent to a large degree on the economy. >> reporter: henry brady says the economy is anything but certain. in berkely, rita williams, ktvu, channel 2 news. >>> just back from his visit to afghanistan, president obama headed out today to raise more money for his reelection campaign. the president attended two fundraisers in the nation's capital. they are expected to bring in about $2 million. tickets cost $40,000 a piece. the money will be split between the president's campaign and other democratic races. ♪ [ music ] >>> i picked it up, and i poked myself. >> only on 2 tonight, a first grader's encounter with a dirty needle. it's where he found it that has his parents fuming. >> reporter: back here in a few minutes, i've got some rain to talk about for the bay area tomorrow. i'll tell you which areas could ♪ ♪ pop goes the

mr. chairman. >> i thank the gentleman. now i want to move to our first panel. i want to introduce representative kevin brady from texas. an eight-term republican congressman. representing the eighth district t he is the sponsor of hr-4180, the sound dollar act. also with us today is the ranking member of the financial services committee, representative barney frank. he is a 16-term democratic congressman, he's representing the fourth district of massachusetts. he's the sponsor of hr-3428. i will now recognize congressman brady for his opening statement. >> thank you, chairman. members of the subcommittee, before discussing the sound dollar act, i'd like to acknowledge the work that dr. paul has done on this subcommittee. he's a long-time former member of the joint economic committee, to bring sound dollar to the forefront of the public debate. inflation has been called many things. a hidden tax, a government sponsored reduction in workers' pay checks, as dr. paul often says, theft. more and more americans understand the monetary policy that ultimately devalues our own currency. we agree on three key points. preserving

mrs. applewhite that governor corbin said in 2010 before when he was elected to governor. look at this. >> the governor said yesterday that bob bradye doesn't get 50% turnout. we want to make sure, keep that down. >> they actually said they're going to keep turnout down and make sure he could not get 50%. we're talking about people who clearly do not want to see voter turnout, and have come up with a law that is totally unnecessary, only 12 cases in pennsylvania out of 31 million votes cast, in many ways we feel it's because they want to keep turnout down. that's right, and we know this impacted african-americans, latinos, elderly voters and students. those are the people that turned out in record numbers in 2008. so we know that's what this is about. it's about cutting off participation of those who turned out in record numbers in 2008. >> you marched and you voted, and you continue to be a model citizen, and now you're denied the right to vote. i think that this is clear that we need to stand up as americans and fight to protect those the right that gave us the right to vote in the first place. we're honor std thed that you c our

brady people supported it and the n.r.a. supported it. so all of those issues we were above the administration and i yield to the gentlelady from florida. mrs. adams: and i thank you. i'll again ask my colleagues on the other side of the aisle to quit making politics to an issue so near and dear to all of us. we are above what the president put in, just like the chairman said. we have constantly been above what the president has asked for, and you as well as i know that this has become a political issue when it should have never been a political issue. we can no longer allow politicks to take control over good policy. we can no longer allow misrepresentation about amounts and this and that over good policy. we have a bill coming to the floor. we know we need to address this issue and it has been addressed even more than the administration has asked for. so with that i would ask that you do not, do not approve this motion to recommit. i yield back. mr. wolf: i think we have actually said enough. i think it's a good bill. i want to thank again mr. fattah and all members on both sides of the aisle. it was a good bipartisan bill and i urge a re