perception that i had warned git mer about that it was little more than a massive transfer of wealth to undeserving wall street executives. do you think it was necessary and do you think it worked? >> i think it was necessary in that we were heading off into a terrible potential global apocalypse because of the importance of these giant super mega banks. if they started to fall, they could bring the entire economy down with them. we needed some sort of response, it wasn't just tarp, of course. it's the trillions of dollars from the federal reserve and other programs. that did help to stop us going over that cliff. while it was successful in that aspect. it was a whole lot of other things tarp was supposed to do, get lending back in the economy, help struggling homeowners, the bill doesn't pass if it doesn't make those promises and it failed on every one of those promises, so it worked for the banks, but failed significantly for everyone else because of a series of choices that were made by our officials in washington. >> so what should we have done differently? >> for one thing, we shouldn't have g

the irresponsible policies of the ryan budget and reconciliation plan, which leaves millions of undeserving americans out in the cold. i urge my colleagues to vote no on this amendment. >> the gentleman yields back the balance of his time. i believe the gentleman from texas, mr. naggerbauer, seeks recognition. >> i thank you, mr. chairman. we've been talking about families and families that are in it need, and you know, i want to tell you about another little family that's making $24,000 a year. unfortunately, this family is spending $37,000 a year, and so they're spending $13,000 more a year than they're making. and they just got their credit card statement the other day. and they found out that they owe $160,000 on their credit card. i think everybody would agree, that's a family that's got limited upside. unfortunately, the little family that i was just talking about is the united states of america. we have about $2.4 trillion in revenues, we're spending about $3.7 trillion. and what that little family is facing is what families all across the country are facing. we're going to have to m

enough of zero percent interest rates for the savers for artificially supported prosperity for the undeserving finance years. i can i can see every political drive piece of dry tinder in place ready for the match i'm not sure when the match will be dropped and that's an interesting point all along the lines of those finance years what do you see as far as accountability because of course we've seen actions like dodd frank which have plenty of problems they haven't added too big to fail or and start i know you do i was going to get to that but i think law back plan tell us about this and how it makes up for what dodd frank misses. so i'm going to give you two alternatives lauren and you can pick one you must pick one you must pick the second one ok the first alternative to. promoting accountability with the banking system is the two thousand five hundred and odd page don franc bill which micromanages the actions of our bankers by the way i submit to you that the only population in america knows less about banking then bankers today is the us congress so that's a choice a choice be the correct c

and the first one is it goes to people who are undeserving. it's poor resources and we should look out for ourselves or if we have problem abroad we should solve them with the military which is immediate and effective and not the diffuse and said let's wait and see what happens when the kid gross ws u and some of it is counterproductive. some of it is distorting and some of it is promised to the american public that it does one thing and it does something else so that critique is not entire -- sometimes aid is not -- we promise that aid is the solution to a political problem which it isn't. so that critique although it's repugnant to me, it's framed in repugnant terms it has elements of prejudice attached to it, but it's not entirely wrong. you can't just wish it away and say that isn't true. second, there's a critique from the left both the american left and the global left that says aid is in its form and delivery it is as oppressive of what it seeks to remedy, it empowers governments and distorts economies and post-colonial control over the

anybody who thinks it's enterprise is rewarding himself in a way that is undeserved, the government.is the heart of his philosophy. that is the real division between left and right in the councilmember. country. alum rock should hit everything until election day. >> bret: a couple of polls we didn't get to yesterday. are you better off than you were four years ago? fox news poll. no, 48%. has the obama administration made the economy better or worse? you see worse now at 49%. that is a change as well from march. if i can skip down a bit. best describe views given the current economic situation. government the problem. 64%. government is the solution? 23%. a lot of polls out there ple is this star.is this starting t, steve? are we seeing a changing landscape in the race? >> what is striking if you look at that poll is the change in people's optimism about what is coming in the subsequent years. you had people for a long time describing the economy as not a good economy. 80% saying it's recession. we're optimistic about where we were headed. you're now starting to see increasingly in p

in dealings with other nations, he has given trust where it is not earned, in salt where it was undeserved, an apology or is not do. >> romney departs today for foreign trip to britain, poland, and israel. the first court-martial for eight u.s. soldiers charged in the death of army private danny chen has begun at north carolina's fort bragg. the 19-year-old chinese- american, chen allegedly took its own life just weeks after he was deployed to afghanistan last october. his family says chen had been abused on an almost daily basis, including racist hazing with soldiers throwing rocks at him, calling him ethnic slurs, and forcing him to do pushups or hang upside down with his mouth full of water. all eight accused soldiers were his superiors in rank. the first shoulder to stand trial assurgent adam michael holcomb, is one of the five soldiers whose multiple charges include the serious offense of causing his death through negligence. on tuesday, the military court heard testimony from chen's mother who called him "the best son in the world." for undocumented residents of arizona were arrested

dollars by rerouting users to internet websites and advertisements of their choosing, collecting undeservedmissions for all the clicks and internet ads they fraudulently. and p.c.'s and macs and ipad, too, dns changer was discovered in 2007. about a quarter of compromised ip dresses from. u.s. and 10% of fortune 500 companies reportedly has a computer. and as experts say, this is no joke. >> it will shut off your anti-virus and probably load you up with other programs, animalware you're not aware of it ayn taking things like banking pass wards and personal information. it's serious, you have to check this, if you don't you're not only off the internet, but if you're a small business or person who relies on this for your work, you'll be out of business. >> when the fbi busted them last year, agents realized they would lose internet service if the service was shut down awn set up a temporary server, but that safety net expires tonight at midnight. and now, you still have time to check your computer and fbi arranged for a private company to run a website and see if they are compromised and fin

squad hene o t pe hde s ain t d in t'set iqbo tecla en thatook place and the cossally unpected, undeserved aspect of the fact that it happened here, in okhoma city. sohat' yw,ant coo tbji tutt thitnd i cin not here to tell you anything you don't already know. but i do think there is an aspect to what's happened and the way it's been told and retold over the years t has ttenos d i fmely tot. tlko t because i think this city was let down fundamentally in a number of ways both before the bombing and then afterwards as well. the srkest ntra, pp iwi 91 w d atrytind lltetoti mmy madoss for congressional hearings, obviously, you know, there was a huge amount of political actity around the cam at hpene en gitobjss b i kpl to a large extent grieved in silence. i don't think congress was necessarily paying attention it should have done. there were onor two aboive di o.so arhegs t d yaenly figt theis it's ant the guilt or -- it's about thguilt or innocence of the defendant or defendants, it's not really aboutettg to the bottom of everything. m v fna ar t sof avblndur w ineoostt access to the full arc

they're absolutely undeserving of a say in any of this. they had the same complaint about judge freeh's report and if i were advising them, i would tell them to go silently into that night. i don't think they're helping restore the legacy of joe paterno. >> mike, you and many of your listeners apparently think that this thing was too harsh. what would you have preferred to see the ncaa do? >> well, i'm cool with the $60 million fine. that -- >> that's just a year's worth of profits for penn state. in the grand scheme of things that's a drop in the bucket. >> $60 million is not chump change. where i disagree is the four year of bowl nonappearances because, craig, that will have a ripple effect on recruiting. that is really a punishment of probably six, eight, maybe even ten years. and as you said to michael isikoff, there are people who believe this is not the death pen tens sentence, but it's actually more harsh. and i'm one of those people. to say you can't play football for one year would have been more lenient than what they ultimately

case of habitat for humanity or loss of institutions that are concerned with providing credit to undeserved segments of the population we absolutely have heard the feedback and we're early in the process to make sure how they fit together. we take feedback for what it is intended to which is to help perform a better, more nuanced rule that work t not just for now but for long term. >> i yield back, my time is up. >> mr. miller for five minutes. >> thank you. in the last few years on this committee since the credit crisis, members who remember that they warned us repeatedly that we were on the road to ruin in subprime mortgage lending. and that's not really my recollection. i introduced with mel watt legislation in 2004 to provide consumer protections and subprime mortgage lending. and i recall a fairly lonely fight. and the argument against it was, you mean well, this is well intended. who would otherwise who now for the first time can get credit, by homes they couldn't otherwise have bought, or will not be able to refinance. and i always acknowledge the importance of making credit availabl

undeserved and external world, and it is important for both economic, health, and safety reasons that we have the ability to expand abroad and. i urge you to take that into account, the entire package and how it is pointed impact the constituents and mine. i suspect many others around the united states. thank you, and i yield back. >> additional request. seeing none. all those in favor of amendment number 12, signify by saying i. all those opposed. request record the vote. the clerk will call the roll. [roll call] at one. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] at : [roll call] [roll call] >> mr. chairman. [inaudible] >> mr. chairman, the boat is 20 yea-24 nay. >> any additional amendments. all laydown. the gentleman. >> thank you. the clerk as the amendment, number 99. >> the clerk will distribute the amendment. the gentleman is recognized for five minutes and may begin when ready. >> thank you. actually after the explanation i intend to move for unanimous consent to wch of the amendments. this amendment simply codifies an existing interpretation of wh

hard and become successful only in the presence of an unearned a man is an absence of a critical undeserved disadvantage. brain physiology, hite, face shape, things like that and being born at the right time. if you are born now you do not have the opportunities from back in the 1950's, 1960's, 1970's, for reasons as described by the first caller. host: we are asking is wealth is an impossible dream. what defines it for you? caller: it was financially described. you have 70% of your respondents in your survey saying it was $250,000 a year and above, 70% of the people that you should consider that, and that is pretty reasonable. to make that kind of money, nowadays especially, but the absence of opportunities and the rich controlling everything and after of the supreme court rulings like citizens united v. fec, we have become a plutocracy, especially the republican party. host: tampa is the site of the republican national convention in august. a story and "usa today" talks s.out the platform issue th just to highlight some of the high points of the platform, according to jackie kucinich. one

it's money down the quote rathole unquote for people who are undeserving.urces and we should look out for ourselves or with we have problems the ball -- abroad we should -- until the kid grows up kind of thing. and the truth is, some of our aid is pretty darned ineffective. some of it has been counterproductive. some of it is cathartic and some of it is promised to the american public that it will do one thing and it does something else. so that is not -- sometimes aid -- we promise that aid is a solution to a political problem, which it isn't so that critique although it is repugnant to me personally is framed in repugnant terms, it very often i'm afraid has elements of presidents attached to it but it is not entirely wrong. you can't just wish it away and say that isn't true. second, there's the cheek from the left, both the american left in and the global left, that says, aid is actually in its form and delivery, it is as oppressive as the conditions it seeks to remedy. it disempowers local government. it restores local economies. it perpetuates post-col

to thank the witnesses at our hearings, several of whom have been subjected to unwarranted and undeservedcriticism. in particular, i'd like to thank steve eismann, who provided the committee with unique expertise and insights about the industry in a way that helped policy-makers understand that these companies were much more than just colleges. as everyone in this body knows, people with a financial stake in an industry testify before congress every day, and like mr. eismann, provide some of the most insightful and accurate information we receive. i'd also like to thank former westwood employee joshua preum, who provided a real-world view of working as a for-profit recruiter. he was willing to come forward for the sole purpose of shedding light on this industry and the criticism he has sustained speaks poorly of those who claim to believe in the valuable role that whistle-blowers play. i want to thank my staff who have pursued this investigation tirelessly and tenaciously. i want to thank my oversight team of my help committee who spearheaded the investigation, analyzed the numbers, calcu