ng on. there is a question right here. >> this question is for you congressman foster. do you have any times for when this proposal might be introducedncongress or the feral reserve? [laughter] >> no. that is the short answer. right now i up to my eyeballs dealing with the confereing of the bill. ended up being sevenfor seven and getting my amendments adopted into t house version so as we are trying to eal wih the endgame of trying to match those with the satright now. so, this is going to be the next session of congress. i think my intenon here was to just start in this conversation and to sta the academics in particular looking at the results in israel and china of these experiments, and seeing if there is a powerful lever here that we should tart giving to someone wise or some wise formula to start anipulating. because the simpleminded monetary poli regulating inflation just allow this emendous tragedy to develp outside the field of view of the federal reserve, so i would be thrilled if this happened in e next seson of congress. >> but you d see-- [inaudible] >> cert

these are sll pieces, yet they were ng on e other hand, the legislatn we had that c.b.o. has scored over one milln jobs s or created was too big. well, we ought to be chipping way as wn on th, having $30 llion for a sll business nding fund, being able to provide a cole billion dollars of tax exclusion for small business capil foaon, is a positive item. you know, one of the thingth stkes me as ironic is that ou friends onhe oer side of the aisle ignore the fact that t legislation th we ha previously 42% ofit was for tax ts andreg the imct of thelternativeinimum tax from hiinmilend upper-middle iome families. every famiy in america that r $250,0 a year got a tax cut lastear and getting a tax cut this year. we've tried tax cutso help ve things forward. th is s business lending. we're moving ahead with ckages. the spker prtempore: the mr.in: i yield an additional minute. that. umenauer: i appreciate ese are part of an ongng effort th is making a ffence. th job lses peed the month that president obama took fice. t his fault. they had been building for 22 months. now we're makin

the continuing coragecause i think it's really imporntor the american public to witness what , not ng ony to wness what the vironmental impacts are, but also to witness what i essen all of us have, in some w on ts participated in,ecau we're you know, active users o oil, which is why, you kw, we're going so f off sre in such fragile environments. so, you know, i a sorry, but i isagree with you, because i think the corage has been pretty phenomenal st: we have a couplef our s here left with guest, frances beinecke with thnational resources d: ense couil. the democratic le in ohi' you' on the air caller: hi. thanks for taking my call. ocou know, i've gwe'ren this b. gusher a lot of thohtanit thato p at the rate oils going he to contito gush forme time. prowas bly pretty well have dtroy that ocean. i'm thinking, wall, on't we ta me othis moneyhat everybody's talking about spendi around and invest i plants guest: i'm not on the ground there, but i think that every technology that can be utilized to clean it up, set it up, separate it from the water -- they are using those for their maximummpu

ng crit cditions. meanwhile, pressures on state and local dgets the temperedowhat ong fedel support ave led th goernmts to make fher cts in emplment infrastructure tough as you know, the labor market was hit particularly hard payroll emmloyment rose by 431,000 in may. but that figure importantly it reflects an increase in hiring for the annual census. private payroll employment has risen an average $140,000 per month. expectations of hiring prospects have improved since the beginning of the year. however, a significant amount of time will be needed to restore 8.5 million jobs lost in 2008 and 2009. data continned to show a subdued trading creases in consumer prices. for three months, expenditures rose at an annual rate of one -- a rate of 0.5%. over he past two years, overall consumer prices have fluctuated. aside from his volatile componentss a moderation in inflation has been clear and broadly based during this time. long run inflation expectations have been stable with measures remaining within a narrow range that prevailed for the last few years. measures based on nominal index someone of late. at

but you ng, sam could pick up the phone and call, let me check with that. sam does not have the card is on that -- sam does not have the authority that thad allen says that he does. it sds up the chain of authority and never gets an answer back. i think a lot of the bp people on the ground do not have the experience or rely on contractors that to me are more interested in putting bodies out there to make money than they are cleaning up the oil. >> from the bp and coast guard standpoint, whoever is local, state wide not only needs to be named but have authority and deciion making power so that they can make some calls so that you do not have to go to that person and they have to wait for coast guard and bp. there needs to be more of a controlled decision making process created here to get things moving faster. >> last saturday, we said this is alan is to be done, pull every shipn the war will -- in the world with a separate group, we need vacuum trucks along the edge, skimmers on the outer edge, and a crew on that beach. when the oil comes up, when it comes up, you better get it or it goes

on their respective aspects of this. we are doing the best we can. >> welcome. we have a fantastic line of this morning. we have a very critical topic to discuss. let's get into it. ng to the congressional oversight panel with secretary timothy geithner talking about tarp. [captioning performed by national captioning institute] [captions copyright naaional cable satellite corp. 2010] . >> strain in the ability to lend to small businesses. finally, it seems clear, the treasury's efforts to reduce mortgage foreclosures is not working. approaches,d date the panel must know if potential risks have been assessed. we must also evaluate if the impact has been measured, using credible metrics to measure the success or failure of programs. has the treasury department targeted the highest degree of accountability and transparency. reasonable people might approved or not approve of the plan, but no one questions that the progress should be measured against clear benchmarks for success. reasonable people might define financial stability in different ways, but everyone agrees we can best gauge the stability by measuring the stability of our banks. treasury has called for additio

on u.s. soil. he talked about the prospect of peace between the bosnian and israelis. it is just over -- the palestinians and the israelis. it is just over an hour. ng issues this is what we discussed yesterday with president bama and details, in addition to the fact that we have talked at length about what happened recely against the freedom flotilla tat set out to help the palestinian people in gaza to end the unjust blckade on the pele there. here i do not denied that we are under other types of-- there are many iues in the west bank including the daily incursions, the roadblocks that saidthere. all of these fall under the name of a blockade that primarily the discussion focused on th blockade that has been going on for over the and a haf years in gaza. we discussed two main items in this regard. e first relates to the international commission tt has been talked about to conduct a full investigation ecause the investigation should not be left in the hands of-- the investigation should be international as proposed the u.n. secretary general. this is the first item. the second item ishat they blockade is a blockade on the palestinian crossings in g