mr. paulson. next speaker. hard act to follow. >> don't worry, i'm up to it. i have followed him before at other hearings. >> my name is joey cane and former president of the pride of board of directors'. i have recently been serving on the advisory board until i stopped getting invited to those meetings and i was part of the group that chose the recent director. i have a number of points that address the issues of compliant with the stated policies and procedures. let me give you copies of this because i don't know if i'm going to be able to read all of this during this hearing and i made three copies. i only made one set of the attachments. as a couple of statements that i would like to make in response to things that have been said earlier. there's some statement that pride opened the number of board seats to 10. in fact they shut it down from at least 12 down to 10 at a meeting that happened less than 2 weeks before the upcoming general membership meeting. brandon be han did not just leave pride. he was in effect fired. if 5 years the pride committee has h

mr. paulson, thank you for your time. [applause] [captioning performed by national captioning institute] http://twitter.com/cspanwj several live events to tell you about. steny hoyer will be a politico to talk about the debt ceiling debate. you can see the conversation on c-span three. lew speaks of the economic club of washington. later, the national press club hosts republican governor mary fallin of oklahoma. in a few moments, today's headlines, plus your calls and tweets live on " washington journal." the house will be in session for legislative business at noon. today's agenda includes a debate on forest management. in about 45 minutes we will discuss the middle east reaction to the situation in syria. eastern, susan glasser, abaco -- editor of "politico" magazine will talk about the role of the united nations regarding syria, and we will also look at the role of the federal reserve and who might you place chairman bernanke, and our guest is nela richardson, senior economist at bloomberg government. [captions copyrig

mr. paulson in many ways, you know, is going to be the most famous treasury secretary in history and i reallyto me, you know, we ended up creating a dynamic where the banks ended up sleeping with the government. and from this point forward, first of all, i don't know i'd ever totally believe anything that comes out of a headline from any of the bankers that received $125 billion. some of the antagonism i used to enjoy i don't see as much anymore. but more importantly, you know, once you save them, now you end up kind of tinkering with them and making rules about them and wondering what's too big and what's too small. if you'd just used the only regulation that ever worked, what i call the 11th commandment, failure, you wouldn't have any of these issues. >> yeah, i think george hamilton was, by far, more famous than -- was it not george. no, i'm thinking -- all right. he is pretty cool, though. always looks the same. all right. >> we'll continue to hang out with our guest host this morning. marc lasry, the chairman and ceo. we've talked a lot about the investment themes. i want to talk about t

mr. paulson did some heroic work, we lost private sector jobs losing a total of 653,000 jobs. and by the way, 808,000 jobs i'm talking about are in the health care industry. i just want to say we could have serious debates, serious differences whether it's the affordable care act, but that's behind us. that's the law now. >> if -- >> and if you want to amend it and i have constituents who want to amend it, i say come on in. i've had dozens of meetings. >> i do. i'd have to direct the lady to united parcel service in my district which just dropped insurance to so many family members who work there. i'd direct the gentle lady to delta air lines. the gentle lady knows of walgreens and trader joe's and ibm and on and on and on, folks who are losing their benefits because of the affordable care act. you're right, that's, that is a -- >> didn't we have, what did we say, 43 votes on the -- 41 votes on the affordable care act? and maybe we shouldhave more discussion, and i welcome more suggestions from my constituents because nothing's perfect, certainly not a bill of that magnitude.

mr. paulson of minnesota. >> the gentleman from minnesota is recognized for five minutes. >> thank you, mr. speaker. mr. speaker, we all know that potentialry has huge to continue to be a vehicle for creating jobs. this american success story employees more than 400,000 workers, case salaries 40% higher than the national wage, is one of our country's few industries that actually exports more than it imports. and it is an industry that is fueled by innovation and is made up of mostly small businesses, 80% of these businesses have less than 50 employees. 98% of them have less than 500. most important may, however, this is an industry that saves and improves lives for patients. medical devices help/the debt rate from heart disease by a stunning 50% and cut the death rate from stroke by 30%. january, a newst $30 billion medical device tax was enacted as part of obamacare. it is not a tax on profit -- it is a tax on revenue, sales. nobody can explain why this industry wasn't without other than tens of billions of dollars needed to be brought in to pay for and over $1 trillion law, but the effec

mr. paulson who has been a leader on this issue. we've got the 260 co-sponsors on this bill. we've got the votes to pass this. the senate earlier this year, during consideration of their budget resolution, in more of a symbolic vote, but on medical device tax, had a bipartisan majority come together as well to suggest we should get rid of this tax. for all the controversy that dominates washington today, for all the partisan bickering, for all the polarization, for all the gridlock, here we have an issue where we all agree it's the right thing to do. i again thank my colleague for organizing this opportunity to talk about this issue tonight and collectively i hope we ken courage more momentum to bring -- we can encourage more momentum to bring this up for a vote. i yield back my time. >> i thank the gentleman. he made several important comments that we've heard from some of the other folks that represent districts across this country. mr. paulsen: and particular he made the reference point that 261 co-authors of this bill. mr. speaker, we can pass this in the house at any tim

mr. paulson of minnesota. >> gentleman from minnesota is recognized for five minutes. >> thank you, mr.mr. speaker, we all know that the medical technology industry is one of america's leading manufacturing industries and has huge potential, huge potential to continue being a vehicle for creating jobs. this american success story employs more than 400,000 workers, pays salaries 40% higher than the average national wage, is one of our country's few industries that actually imports -- exports, actually exports more than it imports, and it is an industry that is fueled by innovation and is made up of mostly small businesses, 80% of these businesses have less than 50 employees. 98% of them have less than 500. most importantly, however, this is an industry that saves and improves lives for patients. medical devices help slash the death rate from heart disease by a stunning 50% and cut the death rate from stroke by 30%. but, mr. speaker, last january a new $30 billion medical device tax was enacted as a part of obamacare. it's not a tax on profit, it's a tax on revenue. it's a tax on sales. n

mr. paulson did some heroic work, we lost private-sector jobs, losing a total of 653,000 jobs. and by the way, 808,000 jobs i'm talking about are the health care industry. i just want to say, we could have serious debates, serious differences, whether it is the affordable care act, but that is behind us. that is the lot now. if you want to amend it, and i constituents who want to amend it. i have dozens of meetings. >> i would have to direct the gentlelady to united parcel service, ups has had to drop insurance for so many members ever so workfare. i direct those gentlelady to delta air lines in my district i just had record-setting in creases in their premiums. the gentlelady knows of walgreens and trader joe's and ibm and on and on, folks who are losing and if it's because of the affordable care act. you are right. that is a full discussion. >> 41 votes on the affordable care act a faint clicks maybe we should have more discussion and i would welcome any discussions from a constituents because nothing is perfect. certainly not a bill of that magnitude. but we are the appropri

mr. paulson, thanf thank you for the time.applause] [inaudible conversations] >>> [inaudible conversations] [inaudible conversations] [inaudible conversations] earlier today president obama marked the fifth anniversary of the collapse of lehman brothers investment bank by highlighting signs of recovery from the 2008 financial crisis and warning against fights over the budget in the nation's debt ceiling. the president also spoke today about what he called another mass shooting in the united states at the dvr by the white house. the associated press reports at least one gunman opened fire inside the building this morning. a number of people killed and wounded imposing a law enforcement officer. the president said the victims were courageous americans who knew about the risks of serving overseas. but they wouldn't have expected such unimaginable violence at home. the u.s. senate meets today at two eastern and we will have live coverage as the senators began with general speeches. we will be looking for reaction to the navy yard