and i want to go to one of the statements that you made, mr. frank, that i thought was interesting. you said you wanted to compete on the merits of business and not on the tax code. let me take that a little further and ask you with the temporary tax incentives how you see those as affecting competitiveness. because i will say just as a sidebar, between the hearing that we have had in this committee, this year, which have been very, very helpful, and then those business round tables that we have had, i've had a number of businesses say that because of the complexity of the tax code, that not always are they aware of maybe some of those opportunities that they could possibly have. and therefore they're not as competitive with someone else because either there isn't that competition naturally in there for them, or they don't know about it. could you talk about especially since you've made that statement, mr. fryt, about how the temporary tax incentives do affect competitiveness. >> you've hit a hot button issue in our company. i cannot tell you how many times my ceo, cfo and others in

caller: i want to thank you for your service mr. frank and i want to thank c-span's for the call -- c-span for the call. this is my question. when i was in high school, i took a course on government. and it was asked about why there is a two-party system, and he said it was because you can only vote yea or nay. it comes down to voting yea or nay. guest: that does not fully explain why we have two parties. yea or nay is when you have to vote. what parties do is to shape what you are voting yea or nay about. parties can decide which issues, and which issues do not . there are a lot of important things that we do not get to do a yea or nay on. they are reforming parties but you cannot have intelligent self-governing groups. overtimes, there tends to be private sector society is mixed economies like we have some general tendencies. rational people understand we need a public sector to make rules for the wealth creation into deal with things we cannot do it. no tax cut in my memory has put out a fire. how much government and how much private s

mr. frank supports kennedy's campaign. kennedy is a harvard law school grad served in the peace corpss in the dominican republican. three other democrats and two other republicans are seeking the state held for so long by barney frank. >>> still ahead on "way too early" lin-sanity rolls on as the point guard who went from near anonymity leads the knicks to the seventh straight win. highlight in sports. >>> there are two endorsements every republican candidate covets, jeb bush and the other from lead singer of mega-death. we're waiting for jeb, but we have an answer on the mega-death enforcement. we'll bring it to you and check weather when way too early comes back. >>> i ensure we will always keep the because we know the feeling of our people the mind of our people, and we are trying to do the things well and agree with their feelings. ahh, one. two. three. one. two. and, three. [ male announcer ] with the bankamericard cash rewards credit card, earn more cash back for the things you buy most. 1% cash back everywhere, ever

mr. franks? >> well, thank you, mr. chairman. gentlemen, thank you for being here. general dempsey, secretary panetta, mr. hale. secretary panetta, first of all i would like to echo the concerns of mr. thornberry regarding the administration's consideration or potential proposal of reducing our nuclear or strategic inventory by as much as 80%. i have to suggest to you i consider that reckless lunacy. and your response, in all deference to you, sir, was really a nonresponse. and it did little to assuage my concerns. and i just have to tell you, for the record, given the need for a broad umbrella that america represents to the world in terms of our nuclear deterrent, given the tangibles of being able to demonstrate in the mind of any enemy, even those that are not all together sound of our overwhelming capability to respond and overwhelming aggression on the part of someone with nuclear capability. i just to go on record that there are many of us that are going to do everything that we possibly can to make sure that this preposterous notion does not gain any real trac

. >> thanks for the points, frank. mr. paul? >> frank, first of aushlll, i t you brought up a good point of nafta. i was critical of it in 1983. it promise to do reduce illegal immigration, it promised to create more jobs on both sides of the border and to raise the wages of mexican workers so they could buy more american products. it promised more political stability, and if you look at the reality in mexico, it's clear that really none of that has happened. and, in fact, not only his the united states seeing a lot of production shift to china now, so is mexico, because the race to the bottom, you know, has a long way to go, and even in china you're seeing jobs move from the coast to further inland to china and also to other low-cost countries like vietnam. i think a smarter way to do it is not to have trade agreements that are based on a philosophy of tree trade, but to have them based on results. and trade is supposed to be about an even trade. and it's supposed to be about leveling the playing field and allowing both sides to

frank, author of "what's the matter with kansas" his latest book is called "pity the billionaire" mr. frankey, ed. >> you wrote your book about the people of kansas voting against their own interests eight years ago and it was a smashing hit, it opened a lot of of eyes and a lot of people were saying yeah, that's right. why doesn't this message get across? here we go again in the middle of the country. >> isn't that -- that's the big question, isn't it? you should know i'm not making fun -- the idea of the book wasn't to make fun of people from kansas, i'm from kansas myself. it's to talk about the culture i grew up in, and the funny thing is, not funny, everything there has gotten worse and worse and worse and worse since i wrote the book. why doesn't the message get through? ed, that is the great question of our time. maybe if i had my own tv network, i don't know. >> why would any state think it's okay to raise taxes on the poorest people and cut them for the rich right now, the richest? >> they probably weren't -- i doubt they were trying to sell it that way. i mean the whole point of g

mr. chairman. >> thank you. >> we have a talk about the reform bill and we will continue to. i would just like to point out for the record the bill is so bipartisan it's called dodd-frank. mr. bernanke, thank you for being here today. in your testimony and in your written remarks there are some things, coming from michigan, very hard hit state that is struggling to come back in this stagnant economy. there are some things that bear repeating. on page, i believe, 2. the economy appears to have been growing during that time frame at or below itting long-term trend. continuing to improvement in the job market is likely to demand stronger growth and production. the job market remains far from normal. the unemployment rate remains elevated, long-term unemployment is still near record levels. and the number of persons working part time for economic reasons is very high. go on. fundamentals that support spending continue to be weak. we have house hole and income and waeltd were flat in 2011. credit remained restrictive to any potential borrowers. consumer sentiment which dropped last summer rebounded but remains relatively low. now, two questions and then i'll be quiet and li

mr. chairman, dodd-frank required the regulators write over 400 rules for the financial system, yet, over 300 of these remain unwritten. would you agree that this lack of clarity is a hindrance on financial sector? >> i think so. we're working as quickly as we can. we want to create as much clarity as we can.

mr. frank: thank you, mr. speaker. mr. speaker, preliminarily i'm here to discuss today's very encouraging jobs report. i am struck the previous speaker said he would never engage in expenditures on a credit card when we were already deeply in debt on behalf of his family. i note that he was not a member of the congress when this congress voted to go to war in iraq, for example, and also in afghanistan. i voted for the war in afghanistan. i thought the war in iraq was a terrible mistake and still do. all of us voting on afghanistan was voting to go into further debt. war is expensive. we didn't want to send some of our young people without the best possible equipment. so -- i thought we had to go to war in self-defense. i thought the war in iraq was an error. every republican voted to do that. this principle you don't vote to spend money when you don't have it is apparently for some a fairly flexible one. in fact not only did the majority at that time under president bush vote to go to two wars, they did it while voting fo

mr. romney. but frank lirks rick santorum can't run ads against mitt romney on this, because rick santorum for killing michigan too. he has and has the same position as mitt romney on this. kill do it, forget detroit, kill off the auto industry, i guess we don't need it. the primary is taking place on the context of this huge michigan rebirth. this boom, this economic success story this, american economic triumph made possible because the government wouldn't let detroit die. because the government stepped in to save the industry. and both of these guys wish that never happened. so how have michigan republicans responded to this? how have michigan responded to a field of candidates all on the wrong side of the rebirth? they decided they don't care about it either. most recent nbc news poll found michigan republicans oppose the successful auto industry bail out by a 50 to 42 point margin. in the context of the most, they are going la la la la, not happening. mitt romney's talking about how the trees are the

ranking member frank? >> mr.hat implicit refutation of the notion that the financial reform bill is causing people these problems. one of the major contributors to that bill was another appointee of president bush who was head of the fdic. i noted the portrait of hank paulson that's gone up in which a write-up that obviously -- with his approval, at least, noted his having initiated many of the reforms that wound up in the financial reform bill. so, m mr. paulson was also ther. i do want to go back to the deficit because the chairman said he agrees it should be -- he talks only about the entitlements. when you talk about the level of reduction we need f you're going to get that all out of social security and medicare and not go else where, you're going to be doing damage. and i believe to start with, overseas military expenditures that are quite excessive. from the economic standpoint, given the importance of a longer term policy to reduce the deficit, purely economic standpoint, there are policy preferences i kn

frank wolf. >> thank you, mr. smith. i think this administration has been a total failure and quite frankly, i think the groups around this country should know this and not pretend it is not true. christians in egypt should know this administration failed them. iraqy and syrians should know this administration failed them. the vietnamese in vietnam, both buddhists and catholics ought to know this administration failed them. the catholic bishops in china and the house church leader in china should know this administration failed them. the dalai lama ought to know this administration failed them. buddhist monks and nuns set themselves a name. i want to bring it back to this and i did not know you had made a request. i would like to ask both of the wives if they would say publicly, i see the media here looking, but what would you say because there is still an opportunity to meet after the vice president from china leaves. what would you say if you had an opportunity to meet with president obama and shame on them both if the

mr. secretary. i think the final question will come from frank county. >> i've got to go. >> you've got to go? sorry, frank. you almost got there. you got very close. >> thank you, mr. secretary. for taking yet another moment to speak. i'm fascinated and have been watching closely, all the work that's been done and your thought about local foods as a follow-up to the question a moment ago. and also looking at our state in iowa and knowing that we don't raise a lot of -- well, as you pointed out, soybeans or corn that people actually eat. we shove it through something else, and it becomes something else. do we have a model that you're thinking of in cooperation with other agencies and departments where we shrink that model from where our food sources come from? i mean,thin most people would say the majority of our food comes from over 1,500 miles away. i've been so -- i am astounded and discovering that not only s one apple counts. i kicked it. i'm trying to talk about energy and food and fuel and shipping and how we move goods and services around. what are we doing, and are you looking at that

mr. hall. it's actually frank hall, he is a football coach, and big guy, and the kids say they are not surprised in any way, shape, or form that mr. hall would have been the one that chased the gunman out of the school and probably prevented any further disaster from happening here. now, i'm also hearing there are other teachers who did other heroic events. some of them quite remarkable. outside the line of the classroom going to rescue wounded children, bring them to their classroom, and to care for them and protect them. >> this subject has two sons at chardon high school. linda joins me on the phone now. linda, take me through your terrifying, horrifying moment. how did you find out there was a shooting at the school where your two sons were? >> well, one of my sons had contacted me from the parking lot of the school across the street, the maple elementary school, because he was in the hallway outside of the cafeteria, i believe, they were preparing to go to their health class, and he did not -- i don't believe he saw the shooting, but he heard the pops of the gun, and thought at first it was

mr. frank: mr. speaker, i move the house do now adjourn. the speaker pro tempore: the question is on the motion to adjourn. so many as are in favor say aye. those opposed, no. the ayes have it. the motion is adopted. accordingly the house stands adjourned until 12:00 noon on monday next for morning hour the senate will take up that agreement on monday with a final passage scheduled for 5:00 p.m. eastern. watch for live coverage of the senate on c-span2. [cheering] [applause] [laughter] >> this weekend, booktv and american history tv explore the history of beaumont, where the texas oil industry got its start. author john robert on beaumont's's literary culture and the challenge of running an independent bookstore. and on american history tv, sunday at 5:00 p.m. eastern, january 11, 1901. the lucas gusher helped usher in the petroleum age. through the dixie hotel, an infamous brothel on crockets st.. beaumont, texas. this weekend on c-span2 and c- span3. >> a house committee yesterday continue negotiations on continuing medicare payments to d

frank wolfe. >> i thank you, mr. smith. >> i think this administration has been a total failure. and quite frankly, i think all the groups around this country -- >> should know this and not pretend it is not true. the coptic christians in egypt should know this administration has failed them. iraqi and syrian, chaldean christians should know this administration has failed them. the vietnamese in vietnam, both buddhists and catholic ought to know this administration has failed them. and of course, the catholic bishops in china and the protestant house house jewish leaders in china should know that the administration has failed them. and the dalai lama should know that this administration has failed them. 11, 11 now buddhist monks and nuns have set themselves aflame. but i want to bring it back to this. and i did not know that you had made a request, i would like to ask both of the wives if they would say publicly, i see the media here looking. what would you say, because there's still an opportunity to meet after the vice president from china leaves. what would you say if you had

one of them is florida energy company president william koch, another is frank vanderslo the united states. mr. obama get a different job. >> reporter: vanderabsolute is also a romney campaign finance co-chairman that illustrates the very close relationship between campaigns and superpacs. according to bill allison of the sunlight foundation. >> really does seem to be blurring the distintions that don't forget llionaire hars and his company donated $8.5 million tothrough superpac, half a million to the pro gingrich superpac winning our future. simmons donations are second only to those from billionaire casino owner sheldon adelson. add e8son and his family gave $11 million to the pro gingrich group. >> there is about, you know, 22 donors who have given the vast majority of the money. man's game. >> reporter: movie director steven spielberg is the only forbes 400 billionaire to give to the superpac so support shall did -- supporting president obama. he gave $100 thouchlt but his fellow hollywood mogul jeffrey katzenberg gave 2 million. >> important to note that sun life foundation bill allison

mr. frank: i ask unanimous consent that my name be removed as a co-responsible juror of h.r. 3086. the speaker pro tempore: without objection, so ordered. the gentlelady from kansas. ms. jenkins: i rise to ask unanimous consent to remove my name from h.r. 1964, the conservation easements. the speaker pro tempore: without objection. so ordered. the chair now now will general tain request for one-minute speeches. for what purpose does the gentleman from pennsylvania seek recognition. >> mr. speaker, request unanimous consent to address the house for one minute. revise and extend. the speaker pro tempore: without objection. the gentleman from pennsylvania is recognized for one minute. mr. thompson: thank you, mr. speaker. mr. speaker, recreational therapy embraces a definition of health which includes not only the absence of illness but extends to enhancement of physical cognitive emotional social, and leisure development. this caring profession touches the lives of individuals across the nation. personally witnessed our recreational therapy provides independence and dignity in the li

i want to welcome undersecretary beers and wulfe who showed great courage with the frankness of the internal memo. mr. wulf, both of you should know the committee takes seriously pressure, intimidation or retaliation because of your testimony today while we continue to investigate these important issues. in other words, we really do appreciate this internal memo. i think it's been very, very helpful. and we want to ensure those who came forward are not penalized for that. please let my committee staff right away if you have any concerns, retaliation, intimidation of congressional witnesses is illegal and will not be tolerated. mr. beers, i trust and ensure you are in agreement with me that no retaliation should be retaliated, and we will hold you and any other white house officials accountable to that. with that, i yield to the ranking member from texas, mr. green for five minutes for the purpose of offering his opening statement. >> thank you, mr. chairman, for ordering the hearing today. undersecretary beers requested an internal memo on the status of cfats program and approved recommendations in 2

mr. cordray, said he would intend to proceed cautiously. the test is whether this will find its way into the bureau's actions. the actions have been inconsistent with the promise of the leaders. under dodd-frank the bureau is required to convene panels of small businesses to discuss the impact of proposed regulations. mr. cordray has said that they will convene these small panels not just because the law tells us to do so but we recognize that it will help us do our work better. the bureau has yet to convene a small business panel despite having issued multiple rules and moreover the bureau has indicated that it has no plans to convene these panels for most of the important rule makings. the bureau officials said they will comply with the administrative procedures act and the bureau has evaded the intent of the apa by issuing rules without asking for public comment before the rules become effective. consequently the bureau has imposed costly regulations to american population without providing the american population any room for comment. listening to the rhetoric of the bureau's leadership, you would think the bureau would actively seek public comment on its rules. in a speech last year the

mr. hall, actually, frank hall, a football coach. and big guy. they are not surprised in any way, shape or form, that mr. hall would have been the one that chased the gunman out of the school and, probably, prevented any further disaster from happening here. i'm also hearing, there are other teachers who did other heroic things. some of them quite remarkable. outside the line of the classroom, going to rescue wounded children, bring them to their classroom and to care for them and protect them. it's really quite remarkable and as soon as we can verify the names and give the appropriate credit to the heroes, we'll do so, wolf? >> martin savage on the scene, martin, thanks very much. ted rowlands is standing by. what else is going on right now, ted? you've been there since this incident went down. >> reporter: well, wolf, we have an update on one of the other victims that was airlifted to cleveland. we talked to a relative of one of those victims. and they do not want the name released but we can tell you that that young person has been taken out o

frank wolf. >> i want to thank you mrs. smith and senator brown for your work on these issues. i do have a statement i want to read and say. i woke this morning to read a powerful but thoroughly unsettling piece by chinese dissident yujia in "the washington post." he said chinese dissident exiled to the west today get a very different response than soviet writers received not long ago. i would go further that mr. yu. chinese defectors get a very different response as evidenced by a story that broke days ago about a senior communist party official in china that reportedly attempted to defect to the u.s. and was turned away after his request for asylum was rejected. the soft-spoken man who i recently met endured beatings and torture from chinese secret police. he asserts china is a greater threat than the soviet union ever was but now the west lacks visionary politicians such as ronald reagan to stand up to that threat. i could not agree more. in fact, just last week, along with a number of other members, we urged president obama in a letter signed by a number of members to do wh

mr. franks? >> well, thank you mr. chairman. gentlemen, thank you for being here.eral demp circumstances secretary panetta, mr. hale. secretary panetta, first of all i would like to echo the concerns of mr. thornberry regarding the administration's consideration or potential proposal of reducing our nuclear or strategic inventory by as much as 80%. i have to suggest to you i consider that reckless lunacy. and your response in all deference to you, sir, was really a nonresponse. and it did little to assuage my concerns. and i just have to tell you, for the record, given the need for a broad umbrella that america represents to the world in terms of our nuclear deterrent, given the tangs of being able to demonstrate in the mindf any enemy, even those that are not all together sound of our overwhelming capability to respond and overwhelming aggression on the part of someone with nuclear capability. i just to go on record that there are many of us that are going to do everything that we possibly can to make sure that this preposterous notion does not gain any real tract

hard for and will be one of the lasting legacies of dodd/frank with a real chance to directly impact the lives of virtually every person in america. mr. chairman, i can't help but note we had a healthy attendance in committee this morning and a healthy debate. with strong views on both sides of the aisle. i heard comments from my colleague of nebraska. there was a discussion last week on the other side to consider a boycott of the hearing. a few members appeared to have followed through on the boycott and are absence from the hearing but the plans of a mass protest appear not to have gone over with many members on both sides of the aisle, of course, including the other side. and that strikes me as a good thing. but also an admission continuing to hold this nomination hostage until we agree to gut the bureau, that we just passed, not notwithstanding a few of the, you know, the comments for instance of my colleague from nebraska, means that my colleagues have dialed down some of their opposition on this issue. it's a losing fight politically for them. many on the other side don't want to continue the fight because they know it's on the

frank gannon. i can't resist asking about the role of formality in mr. nixon's behavior as president. i remember the question of john ehrlich, have you ever seen him without a suit? i spoke to mr. nugson and he said that even when they went to visit his mother he was wearing a suit. what was it about wearing a formal attire, i think it was generational and it was lots of thicks and it was just what people did. a lot of people did, and i can remember as an undergraduate like 50s and early '60s. everyone wore a jacket and tie so it wasn't that unusual and he did have this infinite degrees within a single color and a palette and there were infinite degrees of formality and informality and it's generational which i don't think is weird about it. he would have smoking jackets that were for relaxation and he would have sports jackets, when he'd go out and golf he'd wear slacks and a polo shirt. the image was nailed down by the unfortunate walk on the beach in wing 10s, so it can be overdone, and on the weekends, we did work, and i can remember one of my favorite phone calls was frank. i kno

frank gannon. i can't resist asking about the role of formality in mr. nixon's behavior, particularly as president. i remember the telling question of john air lick man. have you ever seen mr. nixon without a suit? the answer was no. i spoke with a secret service agent who served with mr. nixon in san clemente. he said that even when they went to visit his mother, he was wearing a suit. what was it about wearing formal attire was so important to the president and his manner? >> i don't think it was important to him. i think it was just -- i mean, i think it was generational. it was lots of things. but it was just what people did. a lot of people did. i can remember as an undergraduate of late '50s and early '60s, everybody wore coat and tie, jacket and tie. so it wasn't that unusual. he did have -- there was a very fine -- an artist, i guess, this infinite degrees within a single color and a palette, and there were infinite degrees of nixon' sartorial formality and informality. again, i think it's generational. i don't think there's anything weird about

we will hear from senator barbara boxer, frank lautenberg , and mr. bloom and fall. this is 25 minutes. >> ok. having had a laugh at my politically challenged self, i want to get to this very serious issue. we are here to stand up for the women of america who are guaranteed access to free, preventive care do to help insurance. we want to thank president obama for making that possible. because of the new health care law, insurance plans will provide breast cancer screenings, hiv screenings, cervical cancer screenings, and free contraception if the women want to avail themselves of all of these preventive services. if they do not want them, they do not have to have them. if you want them, you will be able to have them free. the institute of medicine, which is not in politics, it is in health care, recommends access to free birth control among those prevention benefits. when a woman goes on birth control, she gets a great health benefits and her child is much more likely to get prenatal care. it leads to healthy families and healthy babies. now, the other thing -- i hop

mr. bennett in song. tony bennett, your dedication to young people is known through countless projects such as your exploring the arts foundation and your founding of the frank sinatra school for the arts. you have proved to be a timeless link between artistic generations. and, of course, your inspiration continues with such incredible and wonderful projects as your recent "duets ii" cd. i have a copy. anybody else? [applause] and check this out, mr. bennett picked up two grammy awards sunday night for that album. [applause] so we congratulate you on that. i believe if you are scoring at home, that makes it 17 grammys in his career. [applause] what we love -- well, we love the cd, but today, we have gone one step further. not just a duet, but an extraordinary trio. i'm pleased to present this trio, performing for the first time together, young people from the choir of the san francisco school of the arts, the san francisco boys chorus, and the san francisco girls chorus, take it away. [applause] ♪ >> ♪ the loveliness of paris seems somehow sadly gay the glory that was rome is of another day i've been terribly alone and forgotten in manhattan i'm going home t

mr. xi said that he was here to reinforce the vacations' and friendship but that the discussions would be frank. there is a strategic pivot toward asia. >> this is an integrated strategy of human-rights, economics covering asia from india to tokyo and the chinese are nervous about it. >> outside the talks, a vocal commander of that wherever china goes, controversy follows. they were here for tibet, taiwan, and human rights. they are a feature of every chinese visit here, a reminder of how complex the relationship is. there is an extra factor in play. the u.s. presidential election because china has become a political football. >> listen to mitt romney, the front runner in the republican race. >> they are artificially low in prices. we cannot let time run all over us. >> one advertisement crudely mocks the loss of jobs to china. >> york economy get a very weak, i hours it very good. -- your economy to get a very weak. >> newly hired american workers making goods to sell to china. the machines that use have been imported from china and, in trade at least. this is far from a balanced relationship.

frank and chris dodd to spur presumably the financial world. solutions came from some of the people that contributed to the problem. and i would suggest that we do this as a financial package, mr. speaker. and in the early days of the 1 13th congress, pass the repeal of the dodd-frank and community revifment act and move faney and freddie and some of that is in the agreements being negotiated right now but won't be strong enough or bold enough and let's repeal sarbanes-oxley. if we do that, running the table, repeal, dodd-frank, sarbanes oxley and all of those things will lay a foundation where we can write some rereasonable regulations on our financial institutions and open our country to do business again, mr. speaker. and i think it would be appropriate of this congress to remove the repeal of dodd-frank that michele bachmann has introduced. and she is the lead on repeal of dodd-frank and it would be a great way for her to come back to the conference after a brilliant run to the presidency and bring the repeal bill to the floor and it sends a message, mr. speaker. the message that it sends is that the house is for repeal of dodd-frank and send it over there to the senate an