the brand drugs goes off patent, you get a variety of generic companies. per missibility and for all genarks to enter the competition, correct? >> for the first 6 months, the first generic manufacturer to challenge the patent has exclusivity for 6 months. this is very important because this was created by the hatch wax man act in 1984. and it creates a 6 month exexclusivity for the first generic company because we want judge nark companies to come into the market. after 6 months, the generic drug goes from being a monopoly product to a commodity. get lots of hopefully lots of manufacturers coming in producing quality generics. that works in consumers benefit because it's competition and the ability to say no to one manufacturer in favor of another for price concessions&that's how consumers interests are served. congress established an effective patent life for a drug. when that expires, there is a real value opportunity through generics, through the availability of quality generics for consumers to take advantage for their own economic and health purposes

fund increasingly looks to the city attorney's office to fill. you look at how general fund contribution has been reduced over the course of the last five years and fiscal year 2006-2007, we received a $10.5 million general fund contribution, where last year, we would all the way up to $5 million. supervisors, you know, because you see my budget reports to you on your behalf. city attorneys are doing more and more and more with less and less and less. we take on more general fund responsibilities. i'm looking at ways to take that away from the general fund, and that's exactly what these positions are designed to do, so you can also see results and hold it accountable for what we are doing. i think is something important and in the public interest. supervisor chu: just a question. it's either general fund or it's not. can you provide clarity on what it is? >> supervisors, we would be happy to take a look at the specifics of that settlement, but of course, we don't have information to answer your question directly. we are happy to do homework on it. supervisor chu: ok. >>

the report of the general manager. >> thank you, mr. president, members of the commission. we have a couple of items for you today. the first is a certificate of appreciation. we would like to honor estella for her exemplary service on the small firm advisory committee. she is president of the area contract on-line officers association and as well known to the community for her vision, her activism, and her commitment to equality. she brought a skillful diplomacy and expertise to the small firm advisory committee, effectively increasing local enterprise participation on our water system improvement projects. i want to thank her for her ground-breaking work and send her regards and best wishes as she goes forward. [applause] >> commissioners, if you would join me. thank you. and one more. >> thank you so much. >> congratulations. >> thank you very much. and you get 10 points for the tarano. >> that's right. good pronunciation. >> my next item is the legislative update. >> good afternoon, commissioners. i am monica fox, legislative affairs director for the puc. as part of you

in fact, over the two year period, there is an 80% general fund increase. supervisor wiener: from what to what? >> $6 million this year to $9 million. supervisor wiener: when you're talking about a small part of the department to budget -- >> wright. it is $6 million to $9 million. supervisor wiener: i'm just talking about the city attorney resources because the department provides critical resources, and so that is a zero sum game. >> that is why we did not put it on the ship and made it a policy decision, because it is an expansion of what they do, the way they presented it in that regard. we are presenting it as "this is the way it is," and we're not offering it as part about. supervisor wiener: right, and i'm not being critical at all. i'm just trying to make sure. >> the budget analyst's office i have no dispute with. she described it exactly right. in theory. that would be a great thing. that is what i have been doing. that is what i have been doing. diverting people to do other critical city work and that has gone by the wayside now. my people are str

the attorney general says that his offer is extraordinary. the only thing extraordinary about his offer is that he is asking the committee to close an investigation before the committee even gets to see the documents. he is pretending to offer. i can't accept that deal. no other committee chairman would. this committee will be considering today a very narrow contempt but members on both sides of the dais have repeatedly said that we owe it to the terry family to get to the truth. it is my intention to continue post contempt to do our job while meeting our other obligations to pursue waste, fraud and abuse in our government. with that, i recognize the ranking member for his opening statement. >> thank you very much, mr. chairman. i just want to first of all go back for one moment, and the document that you read from june 20th, 2012, the one that you and i just got from the deputy attorney general, i do believe that we need to study this and make sure that we understand exactly what the president is asserting here. but just want to quote from it

. >> would the general lady yield? >> yes, sir. >> as i said in the opening, we don't have an assertion of executive privilege at the house. executive privilege has to have specificity as to what is being asserted over what documents and normally as you know a privilege log goes with that. to date the house has not received that from the office of the president, so although i read the portion of the letter and the entire letter is in the record, i did so only so that we would take note that it may come and that we certainly may recess at some point to evaluate the actual statement. we're holding time right now actually. we stopped the clock. i want to make sure you have your full time. if the general lady would allow me to continue. when it comes to the question of postponing today, had the attorney general yesterday turned over the documents he said he would turnover in return for essentially an ending of this investigation, had he turned over those documents, we would not be here today. we would be evaluating those do

the mid 60's right now. with that, we have had less water to generate electricity. in particular, the key is between the second quarter of the third quarter is that there are about $11 million less. that is the order of magnitude which you are used to. the previous year, you have positive surprises. and so you have adequate reserves for that and it is still ending the year in the hech hechi fund. that is the case for all three of your enterprises. the other key news today would be the bond sale. the key take away their is that we have very aggressive bidding. i have the handout at your desk. with $702 million sold, we have an average bother -- borrowing rate of 7.2%. it is considerably less than what we had planned in the financial plan. it means we have been able to achieve and lock in place about $130 million that would average $1 a year over the next 31 years. the next page gives you a summary of all the bids. wells fargo was a very aggressive bidder. we had some smaller refunding to settlement reimbursement. very good news, something that would be very good. >> i

>> i am not sure i understand the question. for general emergencies? supervisor cohen: we are talking about hope sf, hunters view, in particular. is there money in the budget that would address -- >> i am the cfo of the mayor's office of housing to there was an early morning saturday fire at the hunters view affordable housing development site. luckily, there were no injuries, but the site was damaged, including the progress we had made for the affordable housing sites. we are still evaluating what that means. sf fire department is investigating. i think you'll have to work with the developer as you would with any developer project to see what they would be able to do or what additional fine and they would need similar to any affordable housing project that deceived financing that had damaged at the construction site. there is not a reserve set aside in our budget but we have had experiences like this in the past. we will be responsive to what the development team needs out there. supervisor cohen: thank you. i did not need to cut you off with my questi

in fact, i think the attorney- general, and the of the previous attorney general's, if they came in here they would agree that in several of these cases, a poorly executed on what otherwise would be followed the guns. the reason we have moved the goal post easier for the attorney general to get a field goal here is, in fact, that we have had discovery and we have limited it. on may 18 is when the speaker took the extraordinary measure of narrowing the request in a letter to the attorney general. i might note he also spoke to the president on that. last friday, as a result of our becoming aware of the details inside seven wiretaps, we fell from a standpoint of contempt even though we need additional information about people in the chain, it did not need to be included in contempt. we have narrowed contempt but have not narrowed our need to get this information. i'm not trying to lecture anyone because i am not a lawyer but, in fact, the vast majority of material we have not gotten. we believe, we totally believe, it is not protected because of some compromising ongoing criminal investigat

we've had about a 20-minute meeting with the attorney general and the deputy attorney general. to summarize, he came with an offer of a briefing. we went through the process of what was being offered and responded as i think we have to, which is that the documents that they may choose to give in the future, we need to have before tomorrow. ultimately, the documents necessary to cause a postponement appear to be in their possession. we're hoping that we have them tonight. if we can evaluate them even partially, then that will give us grounds to negotiate a postponement and perhaps a final resolution. >> it seems as though in your letter, though, reported yesterday that the deadline was really this morning, and this sounds like there's movement -- >> chad, the deadline will always move to the very last minute. we always want to be respectful that if we get the information or any information that allows us to rethink contempt and in fact, make progress on behalf of brian cherry's family and the american people, then we will take it. we have no hard deadlines. we do have a markup fo

the agency and the work that is not enforceable on the general fund. the top line is showing you -- there is some positive. as the property taxes perot, as the agency has tried to contain its cost, there is some small net positive benefit to the general fund. effective that in the first year is $2.8 million, second year, 2.5. that could be considered a source that could be used to fund these of our general fund costs. below you see costs related to housing and community development of $6.8 million. primarily, that is due to the way this city funded our hotel tax allocation related to affordable housing, by allocating additional tax increments to the agency. you can do that anymore. those hotel tax dollar to go directly to the mayor's office of housing. the agency was also a critical partner in the hope sf project and is no longer able to fund a project-related activities, community-related to activities, job training-related activities and associated with the project. the agency also contributed to serve supported housing projects that are part of the d

we are now on the second inspector general. there's been no interim report and although they say it will be forthcoming within a month, we and the american people need answers sooner, not later. the attorney general has, in fact, said he has gone through extraordinary measures to participate and to help. we received today approximately 7600 document. a great many of those documents are responsive to other operations before he was attorney general and those documents pale in comparison to the 80,000 documents or more that the inspector general has received. our purpose has never been to hold the attorney general in contempt. our purpose has always been to get the information the committee needs to complete its work, that it is not only entitled to, but obligated to do. we offered the department an o comdation to address its concerns related to ongoing prosecutions. if the justice department had delivered the documents they freely admitted they could deliver we wouldn't be here today. as late as last night in discussions with the

>> i think most of it is the general work that we are responding to on behalf of our clients. we're there to support the work done by the board of supervisors. the mayor's office and other clients. from my perspective, where i have perhaps the most control, where i would say, if i was going to look at trends, it is what i referred to earlier in my comments. that is, with the good work we can do by affirmatively prosecuting cases that benefit consumers but also benefiting the general fund. that is the whole reason why i have proposed consumer protection unit to help alleviate responsibilities that the general fund might have now to support our work, and continue to support things that are good policy objectives on behalf of the taxpayers of the city and county of san francisco. i will tell you, that is something, whenever we have pursued a good, consumer protection cases, it has paid off for the general fund, and it has done the right thing from a policy perspective. several years ago, there was state legislation that was passed which now limits the ability of that other members

why is the attorney general being so obstinate? after months of delay, delay, delay, today is the day of reckoning. this administration claims to be the most transparent administration in history. so why won't the administration let the american people know what happened during fast and furious? what are they hiding? this contempt resolution is about one thing. it's about finding out how such a stealth and dangerous ever be authorized by the government of the united states. why would our government help smuggle guns to our neighbor and put them in the hands of the enemy of mexico and the united states? the violent drug cartels. and no wonder the attorney general of mexico wants those in the united states who are responsible to be eblings tra -- to be extradited to mexico and tried for those possible crimes. mexico is more interested in fast and furious than our own government. as a former judge, i can tell you that contempt is used as a last resort to let individuals know they will comply with the lawful order whether they like it o

this just in from the attorney general eric holder. spectfully request that you assert executive privilege over the identified documents. bill: william la jeunesse first to los angeles and william who has covered this story from the very beginning. what does this mean, william? >> reporter: it means we will have a big showdown between the executive and legislative branches because we do expect shortly that the house oversight committee will indeed approve the contempt citation, because they have the votes, it's 22 to 16, republican, democrat. we expect possibly one democrat to cross over. it would be up to the house speaker to have that contempt citation acted upon by the full house, and that would be referred then to a u.s. attorney who is obligated to take it to a grand jury. they definitely have increased the stakes here. they did not reach an agreement last night there are two letters that we received in the last ten minutes. one of them is a request from the attorney general to the president asking that executive privilege be grant

authorize the general manager to sell one series of bonds of either a negotiated or competitive basis as he determines is in the best financial interest of the sfpuc and award the series of bonds to the highest bidder. president moran: can we have both items called? >> 15 and 16 are related, this is not. president moran: proceed. >> this item, after last month's successful water bond sale, we have a reaction for the 2012 year. this $35 million in bonds issued in 2002, we were not able to do this last month because we were not within the legal window in order to do so. this is why this one is a little bit of a straggler. if i could go to the slides, please, this talks a little bit about the terms of the proposed transactions. this is different than the competitive sale method we use recently because of the relatively small sales size and the shorter duration. we can adjust market timing to lock in the highest savings possible. we planned to have the sale in july. traditional tax-exempt revenue bonds of $35 million. the current rates of the bonds y=fe are bringing them down to the curre

finally, talking about the general fund supported activities that will be and absorbed into the general fund in this budget, rather than in the redevelopment agency's budget. as you remember, earlier this year, the state legislature passed and the governor signed ab 26 and 27. 26 was found to be constitutional and dissolved the redevelopment agency throughout the state. in our case, the city and county became the successor agency to the redevelopment agency. the assets of the agency were transferred to the mayor's office of housing, port, and city a minister's office. you will recall also each successor agency is required to have an oversight board. our oversight board oversees the fighting to management of certain real development agency assets. at the highest level, the three major approved development projects and the house and work that was done by the former agency will continue. the oversight board has adopted what is called a recognized obligation payment schedule. that details all of the eligible, enforceable obligations. you may have also heard that there was a piece of budget

>> i have said this before, the attorney general did not ask for the ending of the investigation. what he was trying to do, and he spent quite a bit of time in the time we had together, saying that he had limited personnel and his personnel were being tied up and going through these millions of e-mails and documents and whatever, and he basically said, at some point he just wanted to see if we could move towards bringing the contempt situation to a conclusion, moving towards it, and that is what he, as i understand it, what he was asking for. i mean he understood well that the investigation was going to go on, because we have got a lot to investigate but he did not talk about it and that was my understanding. the gentlelady. >> you can see mr. chairman finally, that there is a dispute even on what went on in the room and i think it merits a continuing discussion. >> if the gentlelady would yield? i trust that the justice department is hearing my interpretation. if they want to deliver documents they are welcome to, but again -- >> of course if the content has been voted already be

the answers are there. attorney general holder knows the answers are there because he's the one who has the dumonts that contain the answers we're looking for. he's the gate keeper here and if we he won't give us the information this institution needs to do our constitutional duty, we'll do every -- we'll use every legal and constitutional tool we have to get to it. i've heard some people say this is all about politics. in my heart, it's just the opposite. couldn't be further from the truth. these contempt charges aren't about politics. they aren't about attorney general holder or or president obama or anything else but this -- a man died serving his country and we have a right to know what the federal government's hand was in that. it's clear this country somehow played a role in his death. we need to root it out, find the cause and make sure this never, ever happens again. these votes today aren't about politics. they're about answers that at the very least this country owes agent terry and his family. president obama pro

notably the puc and airport. in general, the city's proposed two year budget has service reductions, which i think you are aware of. it also includes public safety hiring for police and fire. the police department in one class with the fire department in each year, we include the quota for nonprofit organizations in this city, as well as the $95 million in general fund capital for the next few years. i would like to point out that our reserve position is strong and improving in this budget. our general reserve, which has historically been $25 million, annually rose to 32 million in this budget. in the first year of the budget we have included a state reserve and in the second year we have not included that allowance. finally, the budget stabilization reserve, similar to the rainy day reserve in terms of when it is available, is also growing. up to $45 million in the first year. now, to provide a brief overview to you about how we balance the city's budget this year and next. as you will recall, the joint report projected $1

killed in the second world war on okinawa was a 3 star general. simon bolivar buckner jr. not the grand nephew or great grandson, but the son of the general grant, this friend of general grant's. i'm sure most of you think from time to time about the connections between the civil war and the second world war. there are constantly in writing about marshall in front of me. we have to remind ourselves that when the generation of marshall and macarthur and those a little younger, eisenhower, mark clark, and so on, when they were school boys in their teens, they were still being taught by men who had fought at gettysburg and chancellorsville, and shiloh, relatively young men. they were much closer to that experience than we are for example to vietnam. the impress of the civil war on that generation as you know was very, very powerful. affect. on the evening of the first and terrible day of shiloh, to most of us, the most tragic of all the civil war battles, a battle fought by gangs and groups and ragged cohorts of 18-year-olds from wisconsin and mississ

we have some concern about the $20 million annual general fund power subsidies. the vulnerability to a natural disaster. if something were to happen, that subsidy, if you would have to go to the market and by that power at full rates. that is something we will be looking at. there are a number of other things. i do not want to overdo my five minutes. it is in the report. if anyone has any questions? president moran: commissioners? thank you. that brings us to the consent calendar. madame secretary, would you call the consent calendar? >> item a, approved plans and specifications and award contract number ww-507 in the amount of $3,029,321. to the lowest, qualified, responsible, and responsive bidder. b --approve the plans and specifications and award a contract ww-522 to the lowest, qualify, responsible and responsive bidder, monterey mechanical company. c -- approve modification #12 contract number joc-26. d --approved and award a contract number joc-38r 4 san francisco/peninsula. e -- authorized the general manager to negotiate and execute a memorandum of agreem

, the first in our history since general washington. and established as commander of all of the union armies at that time, aggregating close to 600,000. he elects to make his own headquarters with the army of the potomac, then, initially, stationed, his headquarters at culpeper not far north of the river. his conversations with president lincoln and what they disclose of each man's notions of what needs to be done disclose a relationship between head of government and military commander far more suited before them than the relationship between his great rival and jefferson davis. each man senses the other's confidence in him. their exchanges are easy and direct. though lincoln is capable of a kind of harmless disingenuousness when he writes things to grant such as your plans i neither know nor seek to know. he doesn't really mean that. and grant extremely subordinate by nature knows it. the army of the potomac, under grant's own subordinate. george meade, will continue. will continue to be led by mead. he is both touched and reassured by

the attorney general will be brief. >> okay. the -- we are -- our law enforcement components have really developed recruitment and incentives for agents who are willing to -- who are stationed in puerto rico. retention is a really -- is a unique problem we have in puerto rico but i think the issue that you raise about surges is something that we are starting to embrace because we have seen -- although we've seen historic drops in the crime rate, we've seen hot spots for a lack of a better term around the country. what we are now doing is developing a capacity to surge agents and resources, money at times to help local law enforcement into those hot spots. we have done it in a couple of cities in the united states. we plan on looking at other places. i think puerto rico given the homicide rate, violent crime rate that outstrips what is the norm, puerto rico would be a candidate for such a surge. >> thank you so much. >> gentleman's time has expired. the chair recognizes the chairman from north carolina, mr. gouwdy for five minutes

the attorney general answered, i don't think that i have. i see the president and then he interrupted by that. congressman chaffetz asked the attorney general directly about this matter and certainly something that will be discussed as we go throughout the day today, mike. as we heard anything from the justice department, from the attorney general himself today? >> reporter: we've heard from administration officials saying that the reason the executive privilege was asserted was because these are internal deliberations and so they believe, they argue, that these are protected communications that they can ascertificate executive privilege to say to the legislative branch and other branch of government, you don't get access to that documentation. we've seen these fights before. quite often they end up going to the judicial branch. so you have a third branch trying to work out a spat between the two other branches of government. the executive and judicial but what should not get lost in all of this, in this case, you had a federal border agent w

and the u.n. general assembly is meeting right now here at the pictures from new york kofi annan there and some strong statements have already been made as the u.n. chief called syria's president as illegitimate we'll bring you the latest in a few moments. global political purpose shifts to the east where delegates are in an afghan issues are discussed in beijing that's not in their putin to meet with the country's leaders. and increased cases of assaults on women in egypt's tahrir square reveal the plight of female protesters whose hopes for democratic changes are fading as islamists try to take a grip on power. on air and online twenty four hours a day this is r.t. it's being reported that syria has suffered another massacre and province there are however conflicting accounts as to the number of victims but estimates ranging from nine to several dozen it's also unclear who was behind the atrocity authorities were for national explains from syria you may find some of the images in this report disturbing.

the white house. this is what attorney general holder's team infers as part of the evolving truth. that's a troublesome comment. the obama administration and the justice department cannot continue to stonewall any longer. the american people want answers. agent terry's family deserves answers. the gentle lady from new york mentioned earlier that this is all occurring because it's an election year. i don't think agent terry's family cares that it's an election year. i don't think the families of over 200 slain mexican citizens care that this is an election year. it's past time for the attorney general to produce the documents, and i made clear in a recent statement that we have given the attorney general ample opportunity to come forward and present the facts surrounding fast and furious, yet the department has refused to cooperate. i'm a freshman in congress and when i came here, i didn't know that if you started and if you dropped a bill and you wanted to get it passed it had to be done during the congress, so if it's not done by the end of this year it goes away and you start ove

the record. and now, mr. attorney general, if are lucky enough to be invited down and see you at your office at the justice department, wouldn't i have to show a government issued photo id to get in to see you? >> you might. >> if i were to go to the federal courthouse here in d.c., either as a party or as an attorney, wouldn't i have to show a government issued photo id? >> that's not been my experience. spent some federal courts, are you aware that's required? >> i don't know. >> are you aware that if i had to come here from california to exercise my constitutional right of travel, as an ordinary citizen, petitioned the government for redress, my grievances, i have to show a government issued id, do i not? >> that one, yes. to get on a plane. >> that does involve a constitutional right of travel among the states, correct? >> the supreme court is to the right of travel is a constitutional dimension. >> so, is your justice department investigating the discriminatory effect of those laws with respect to someone's constitutiona

he had quite a long line of generals. the way that patton would deal with a general who wasn't achieving, he might come up to him, and they might have a trench dug. and patton would say, well, what's that trench for? well, that's when the airplanes attack. and patton would urinate basically in that trench, to put that as politely as i can. basically, humiliating that general in front of all of his staff, in front of his men and about the most humiliating thing you can think of. and that was patton's way of dealing with it. but patton would keep him on for some reason. he'd just kind of keep them going and going because, you know, that was the way he dealt with people. bradley would not do that. bradley would counsel the general once or twice. and then if the general still didn't achieve it, the general would be out on his butt. quietly, politely, but he'd still be out on his butt. and bradley was able, i think, to get results that way. but his usual style of leadership called for listening first and deciding next. bradley was

you don't find the great cadre of political generals in the army. only two career politicians rise to the rank of major general, howell cobb, almost as fat as winfield scott, he has permanent shadows on his shoes, he can't get out of them, so he never commands in the field. [ laughter ] and the other is, so he winds up commanding things like conscription of the draft in georgia and the other is john c. breckenridge who turns out to be a decent division commander but not given too much responsibility until he's already demonstrated himself. the confederacy doesn't have as many of these enclaves to please, though there are still plenty of them and virtually every tole tigs politician in t confederacy thought he ought to be a general. lincoln in order to hold the coalition together he's got no choice but to make generals out of people who have no business being generals. >> before we go back to the generals i want to spend a few minutes talking about the common soldier, because you've both written so many important things about each of these commanders

last night the attorney general came to us in good faith. he offered to provide additional, internal, deliberative documents and he pledged to divide a substantive briefing on the department's actions. he agreed to a request by senator grassley to describe the categories of documents being produced and those being withheld. they made clear that he was willing to provide substantive responses to additional questions and even offered to provide documents that are outside the scope of the committee's subpoena. he also made it clear that he already provided documents that weren't even asked for. all he requested in return that was you, as chairman of this committee, give him the good-faith commitment that we would move toward resolving this contempt fight. didn't ask for it in the investigation, just ending this contempt fight and i double checked with my staff because when with i said that i heard i was in the meeting with him, and i heard what he said he was very clear. it was a fair and reasonable offer and especially in the light of the parti

we are now on the second inspector general. there has been an interim report and although they say it will be forthcoming within one month, we and the american people need answers sooner, not later. the attorney general has, in fact, said he has gone to extraordinary measures to participate and to help. we have received to date approximately 7600 documents. a great many of those documents are in fact responsive to other operations conducted before he was attorney general. those documents pale in comparison to the 80,000 documents or more that the inspector general has received. our purpose has never been to hold the attorney general in contempt. purpose has always been to get the information the committee needs to complete its work that it is entitled to but obligated to do. we had offered the department an accommodation to address its concerns about information related to ongoing prosecutions. if the justice department had delivered the documents they freely admit it they could deliver, we would not be here today. as late as la

we are working great with the general manager to do that. one thing to tee up to the community -- to the committee to think about, multiple trade unions can now be involved in solar. it might help us to organize the solar to go union. thank you. >> thank you. are there other members? i have one more card. if you have not submitted a yellow card, but would like to speak, please line up in the center aisle. these are for public comment for items 1-11. budget items are related to the port, airport, rent board cut public utilities commission, department of the environment, and the mta. >> good afternoon. thank you to the board for their ferro -- thank you to the board. thank you for hearing me. i came here to support glide. in their support, they have done a lot of great work for the community. they feed people. they except many people that are overlooked. -- accept many people that are overlooked. i want to thank muni for deaf great job they have done. i am a -- for the great job they have done. i am a san francisco resident. muni has done a fan

the attorney general says that his offer is extraordinary. the meeting extraordinary about his offer is that he is asking the committee to close an investigation before the committee even gets to see the documents he is pretending to offer. i can't accept that deal and no other german lead -- chairman would. the committee would be considering today a very narrow contempt. but members on both sides have repeatedly said that we owe it to the family to get to the truth. it is my intention to continue post contempt to do our job while meeting our other obligations to pursue waste, fraud and abuse in our government and with that i recognize the ranking member for his opening statement. >> thank you mr. chairman. i want you to go back for one moment and document what you heard from june 20 if to the one that you and i just got from the deputy attorney general. i wanted to -- since talking about the privilege i do believe that we need to study this and make sure that we understand exactly what the president is asserting that i just want to quote from