corp. 2011] [no audio] [no audio] >> several senators said they will not support confirmation of mr. lew. the senate is scheduled to hold a procedural vote on the nomination at 2:00 p.m. eastern and cspan to will have live coverage on cspan 3 this morning, the hearing of the small business committee. there will be looking at a 2010 small-business job act. thaton c-span today, "washington journal" is next. later, president obama will be

>> mr. lew, a lot h been written about inflation. commodity prices went up. the had of the federal reserve, ben bernanke is not overly concerned. when you put your economic models together, what were your assumptions on inflation? >> our general view on inflation is not inconsistent with the numbers that the fed looks at. there are real burdens for the american people. oil prices and gasoline prices are a real problem. it has a big impact on consumer confidence and the like. you look across the economy at all the factor unputs a labor and where we stand vis-a-vis other countries, overall inflation does not seem to be something that we need to worry excessively about. we do have to worry out energy prices. that's the reason the president has been so determined to develop new technologies, to make sure that we can safely, you know, explore u.s. fossil fuel resources and working as hard as we can to make sure that companies that are making substantial profs are doing it the way that's not unfair to consumers. and it's tying back to our tax policy. one thing we w

. >> i would like to recognize mr. lew meyer for 1.5 minutes for an opening statement. >> years ago when i was a bank examiner, we worked with institutions to make sure they understood the regulations to which they are subjected. instead of a partnership, i hear time and time again that relationships between financial institutions and regulators are more like a game of gotcha. i have heard stories of overzealous examiners. one bank was put on the problem list. it was noted to me that the examiner had been scolded the previous day for not doing a good enough job for predicting another bank be put on the list. that bank, since then, has had no problems. we need regulators to do their job to promote sound financial practices -- no more, no less. we do not need overzealous examiners to have no regard for upper management and refuse to recognize what is going on in the field or the economy. i urge the fdic to take a look at the examiner staff to work with institutions so we to work to get our economy moving again. i look forwar

>> mr. lew, a lot has been written about inflation. commodity prices went up. the had of the federal reserve, ben bernanke is not overly concerned. when you put your economic models together, what were your assumptions on inflation? >> our general view on inflation is not inconsistent with the numbers that the fed looks at. there are real burdens for the american people. oil prices and gasoline prices are a real problem. it has a big impact on consumer confidence and the like. you look across the economy at all the factor unputs and labor and where we stand vis-a-vis other countries, overall inflation does not seem to be something that we need to worry excessively about. we do have to worry about energy prices. that's the reason the president has been so determined to develop new technologies, to make sure that we can safely, you know, explore u.s. fossil fuel resources and working as hard as we can to make sure that companies that are making substantial profits are doing it the way that's not unfair to consumers. and it's tying back to our tax policy. one thin

in the united states court of appeals for the ninth circuit to read all weekeo the speeches about mr. lew's rem merits so i will repeat them only briefly. clerkedin the he was a rhodes scholar clerk is the united states supreme courte he served in the dean of the counseling school of law and isg a professor there right now.en e he's done a line of pro bono work and helped launchop of thaa americorps. on top of all that he led the hy american dream. he's a highlyss successful son s immigrants. prais his integrityed is increased bys democrats an ad republicans not just one or two, but many. former republican congressman and very conservative congressman bob barr commended his catchment to the bush's constitution. one of president bush's former i lawyers falls within theen mainstream, even kenneth starr,r the whitewater special prosecutor and forces him to serve in the clintonmi administration. the record is clear any claimsnb anything but deserving of the confirmation is simply-- i inaccurate. i i recognize every senator has a right to vote how he or she it's feels they should vote. it's wort

. >> i would like to recognize mr. lew meyer for 1.5 minutes for an opening statement. >> years ago when i was a bank examin, we worked with institutions to make sure they understood the regulations to which they are subjected. instead of a partnership, i hear time and time again that relationships between financial institutions and regulators are more like a game of gotcha. i have hrd stories of overzealous examiners. one bank was put on the problem list. it was noted to me that the examiner had been scolded the previous day for not doing a good enough job for predicting another bank be put on the li. that bank, since then, has had no problems. we need regulators to do their job to promote sound financial practices -- no more, no less. we dnot need overzealous examiners to have no regard for upper management and refuse to recognize what is going on in the field or the economy. i urge the fdic to take a look at the examiner staff to work with institutions so we to work to get our economy moving again. i look forward to the

. >> i would like to recognize mr. lew meyer for 1.5 minutes for an opening statement. >> years ago when i was a bank examiner, we worked with institutions to make sure they understood the regulations to which they are subjected. instead of a partnership, i hear time and time again that relationships between financial institutions and regulators are more like a game of gotcha. i have heard stories of overzealous examiners. one bank was put on the problem list. it was noted to me that the examiner had been scolded the previous day for not doi a good enough job for predicting another bank be put on the list. that bank, since then, has had problems. we need regulators to do their job to promote sound financial practices -- no more, no less. we do not need overzealous examiners to have no regard for upper management and refuse to recognize what is going on in the field or the economy. i urge the fdic to take a look at the examiner staff to work with institutions so we to work to get our enomy moving again. i look forward to th

mr. lew a lot has been written about inflation, commodity prices have all gone up. head of the federal reserve, ben bernanke doesn't seem overly concerned. when you put your economic models together, what are your assumptions on the inflation. >> our general view with inflation is not inconsistent with the numbers that the fed looks at. we don't see enormous risking in the immediate future. but at the same token there are very significant things going on that are creating real burdens for the american people. i mean, oil prices, gasoline prices. they're a real problem. and they have an impact on consumer confidence and the like. you look across the economy at all the factor inputs, labor and where we stand vis-a-vis other countries, overall inflation does not seem to be something we need to worry excessively about. we do have to worry about oil prices and that's why the president has been so determined to develop new technologies to make sure that we can safely, you know, explore, you know, the u.s. fossil fuel resources. and work as hard as we can to make sure that

>> mr. lew, a lot has been written about inflation. commodity prices went up.the had of the federal reserve, ben bernanke is not overly concerned. when you put your economic models together, what were your assumptions on inflation? >> our general view on inflation is not inconsistent with the numbers that the fed looks at. there are real burdens for the american people. oil prices and gasoline prices are a real problem. it has a big impact on consumer confidence and the like. you look across the economy at all the factor unputs and labor and where we stand vis-a-vis other countries, overall inflation does not seem to be something that we need to worry excessively about. we do have to worry about energy prices. that's the reason the president has been so determined to develop new technologies, to make sure that we can safely, you know, explore u.s. fossil fuel resources and working as hard as we can to make sure that companies that are making substantial profits are doing it the way that's not unfair to consumers. and it's tying back to our tax policy. one thing