we, you kn, i think the public is nownderstanding that very faile polici were governing our economy. ibrout downit broht amera to her knees, and we saw thlack of regulation with big business, big bans,all steet, credit rd compies, big oil. gosh, we see wt's happening in t gulf. all sortsf bpecial interests that had a regat nwahdog in the equation let us run, eathe, let us be in a situation of laissez fae, no resiction. let it runfree. wel capitalism wks but you alsoeed idance. u edome sort of msurementme sort of discipline that errs o the de of the consumer, the xpaywhver, theall business, and the rovery

. >> you kn >> larry: you know, when that film came out, we got to realize what a really great performer sensational person he was. >> but why they didn't know that when he was alive? if you listen to the content of his lyric in his music, that's what he is. he wrote from his heart and his soul. it's sad, because now people realize what kind of person he was all along, but he's not here to see that. >> larry: you think he got a bum wrap in life? >> he got a bum wrap, because it's just -- he was so misunderstood. and he was trying to take the world on his shoulders and to bring an awareness to the world and what we need to do as people. yeah, he got a bum wrap, yes. >> larry: does the family visit here often? >> we come, and friends come and bring flowers. because i have been here and see a lot of different seating arrangements around his -- his burial site, and it's very cold in there. it's a dark corridor. >> we're not allowed in. but it is dark and cold? >> it's cold, larry. it's -- it's -- to walk this corridor and all hear is your footsteps and it's -- michael shouldn't be here. i al

and, you kn, that risk i think is more palpable today as we've tried to make the case for some time tt oil cnot be heocean.d in neat little boxes it is certainly not being coained in the gulf of mexico and now that we are entering hurricane season, you know, even the natural loop current rojectf trajectory of that oil is is subject to mother nature. and if you have hurricane season and the hurricane hits the gulf, the consequences of where that oil goesor those of us on the east coast is increasingly of concern, so i think it wasmart at this point. i appreciate the administration support moving towards unlimited liabs it relates to the responsibility of oil companies. it seems to me that if you take ancreate unlimited consequences that you should have unlimited liability. i think an opportunity for oil companies to also have discipline knowing that if that is their liability obligations that they will discipline themselves not to take shortcuts or to cut corners as some suggested happened in this particular incident. i think that is important, as well. but i heard when you said we were

by a little bit of time to make sure that that afghan ownership and leadership is in place, then, you kn, we should all be supporting that. and that is not any sign of failure at all. it's a sign of good counterinsurgency strategy. >> thank you both. >> if i could, senator, we probably should distribute what was published president karzai's talking points for the kandahar shura. because it really makes a number of these points, and this is a president who is acting as a commander in chief. >> that would be very important, thank you. >> thank you senator lieberma senator imhoff? >> i thank you mr. chairman. madam secretary, just as a suggestion, i share the concern of both of the previous questioners about the exit strategy, about a date certain, and i was relieved when the president made his speech, i go es it was -- anyway, just as we have done in iraq, we will execute this transition, responsibly, taking into account conditions on the ground. well, that's a position that i wanted him to take, and i was relieved to hear that. the problem is i've only heard it once. i asked staff the mee

you look at the response plan and see that it doesn't make any sense then alarmells should have, you kn that in fact these people are really not prepared for the worst case scenario and i hope we learn from that as we move rward. thank you, mr. airman >> senator corker? >> thank you,r. chairman and thanks for having this hearing and mr. second, i'm -- i welcome you back and i'm struck by the dignity and directness with thank you for tha and your y. two colleagues who are with you and it actually has raised a question as i've watched you. i watched on the other hand the white house which seems t exhibit some characteristics of adolescee or something like that. i'm wondering what is the relationship that we have at present with bp? i know you talked about, you know, the fact is that you don't have the equipment. they have the ent. what is that true relatiohi and do the machinations that comeut of the white house, do they contribute in a positive way towards that relationship? where are we with bp as far as carrying it out? what is the actual direct relationship that you have with them in

you kn, most administrations when they take office, they were ready for the job day one. well, day one was a year and a half ago, and we still have a crisis in the gulf and people want to know, where is the adminisation? we're on day 51 of the leak down in the gulf. day 51. perhaps in addition to world ocean day, every day congress should pass a resolution claiming, you know, proclaiming a day in honor of the tragedy that's occurring down ithe gulf. day 51 and we still don't have an answer, we don't know how this is going to be stopped, we don't know what the administration's plans are, and don't know what the administration's plans are for cleaning this up. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady from california. ms. chu: mr. speaker, i yield ree minutes to the gentleman from ohio, mr. kucinich. the speaker pro tempore: the gentleman is recognized for three minutes. mr. kucinich: i thank the gentlelady a rise in support of the resolution, june 8 as world oceans day, but for the past 50 days

of an agen that has been in business for nine years, and there have been a few stumblinglocks and, you kne were here wn we were writing the bill that created the tsa, and we looked carefully at all the different ways to organize ind we gave it to homd security and we made i a separate agency there and we wanted to make sure that we do all o the right things for this important position and so there have been kinks b largely it's worked and i hope that you will be the one that sets the standards for the fure for the way the agey operates. and it has to be efficient. and it h t also not encroach on the traveng public tooo grt a degree and the's just a fine balance there. iant to say that my experience in the airports, for stance, th employees at tsa do a great job and they're friendly and they're nice and they understa the frustrations of the passenger that has to be the one who is screed and i certainly have had that experience myself and it's not fun, but they've been very, very nice a polite and derstanding, so i think that it is a good agey in the main, but we also hav other besides air

i mean, i thought -- you kn, my remarks reflected, you know, i'm kind of in the middle here. you know, i don't work at moody's anymore. i don't have any ax to grind but one of the things i did feel strongly about at the time and i still do now is that, you know, we just didn't -- the profit margins were so wide and especially in the cdo group. and yet, management really stinted on hiring staff. i couldn'tnderstand it then and i couldn't now. >> okay. let me go to business pracces here for a minute. mr. siegel, mr. weill. fit of all, to your knowledge, do either of you have any background in housing -- housing finance mortgages? housing business, ever been in the business itself? [inaible] >> mr. chairman, my experience in the industry was based on my 12 years at moody's. i helped developed models and d research that way. >> but not on the ground? you mr. weill? >> no. >> how many the business ratings, mortgage securities your shops had been in the business in any real way? in other words, touching, feeling the actual business, mortgages, lending, housing? >> i would estimate

washington cann create job, no matter how much mone rown o there we kn js can only crewhen you expa the private sector and not expand government. as we look forwarto getting americancko work, i stand here dato say it is te for washingtoto foret - to get aut the busesof expandin t privateector, not expaing government, and promoting sustainable eation. i ow georgians are tired of what's going on here washingn, i know miest icans are too,ith the bailouts, bouts, and stimulu the saker pempore: the gentleman's time has e. are the further oneinute ests? for what purpose ds the recognition? utah seek mr. bishop: mr. speak, i k unanimouconsent that today, foowlegislativ, t following membersay be permitted to address the house and revise a extend thei matial, mr. boozman for today, mr. pofor today, mr. flakeor today, mrduncan for today,r. bishop for today, mr. broun for today. the speaker o tempore: the eaker pro mpore: without obction. for what purposdoes the gentlewoman from wisconsin seek recogon? ms. baldwin: i ask unanimous nsent th today following legislative businesand any ecial orders he

i do not kn if you know, the fastest-growing population is the latino population.hey have the lowest college bowling and completion rates. today blacks and latinos make about 30% of the population, but they represent only 12% of the student body at our top colleges and universities. schools like denison. and of allhe fortune 500 ceo's in this country, only 15 are women. seven are asian. seven of latino. five are black. out of 500 ceo's! only four states recognize same- sex marriage. and the richest 10% of americans own more well than the entire bottom 90% combined. so where is the leadership today? who are e leaders -- the decision makers and where are we focusing our energy? americans make up about 5% of the population but we consume 30% of its resources. some estimates suggest that every individual american will produce about 100,000 pounds of garbage by the time she is 75 years old. and there are more shopping malls in this country and high schools. i guess my point is that we are a little bit greedy and a little bit wasteful, and there are big things that are h

kn how we meet the president's export goals. that is of great concern to me. the actions that you take, i would say the message from the people of michigan is, whether or not you act on currency as a subsidy effects the people of my state and jobs. whether or not you act on the wto agreements, whether or not you act on currency or intellectual property rights are what happens and procurement, all of those stains directly relate to our people and and ws happening in terms of jobs right now. as you know senator schumer and i have combined two bills into one on currency that gives very clear authority and requirements to vote in terms of both identifying and currency as a subsidy, which it is. getting artificial discounts to bring a product in every single day. it is unfair, and it is a violation. we paid to the definition under the international mnetary fund. it is wto complaint. we also have specific requirements for us t r under we've have been told there were items being purchased from china but exhibit a in this came from my colleague in the house this had made in china made in

kns thattat tickly, tanker spills are three times more likely than drilling spills. that's true. tankers are more likely spill than are drills. and unlike drilling, where you of know w you're drilling, tankers can one of in any place, whether it's alask california,hode island, new jersey. jersey. tankerwill be all over the place. the coast of france. now, i think we need to alize, if we as a country make the decision to stop drillingn the gulf, we are also making the decision to import more oil, and statistically, importation via tankers is three times me likely t result in a spill. ow, folks have to adjust their thinking, but in reality, drilling is safer than transporting oil by tankers, andhat's hisrical statistics. so don't know the partilars of that, nathan, but i can comment in general regarding the environmental concerns. host: one more call. cary, cincinnati, republin line. caller: i'm wondering why the relief well, or the relief well that they're gng to have ready in augus isn't a retirement beforthey drill the main well. guest: that's one othe suggestions that is floating out there, which is you simultaneously drill two wells. clearly that increa

you joined us, my good friendrom new jersey mentioned the level of the defici spending. and i think it's important to take a lk at the bar graph as to what we're looking at here. i kn that prident bush and as a republican i heard this frequely, he was criticized for spendintoo mu money. d i voted against some of ose things and thinkyeah, we d spend too much money because we had a defibut on the oer hd he arguewe had a couple of wars and a b economy kicking this off. asou c seethe amount of defit duri the george bush years her was coming down because of the thgs that they did by reducing taxes. they had the right formula for getting thigoing in the r direction here -- direction. here was presidenbush's spending year, his very worst when speak pelosi wain char of congss. so, he wasn't gettg any help the republicans the hse at that int. this was bush's worst spendi year. en you come to the first year of president obama and he triples the dicit from about $450 llion orso of deficit, we go to $1.4 trillion of deficit right off t bat in the fit year. mean, this is absolutely skyrocket, smaing, incredible levels of spending. i yield. mr. garrett: if the gentleman ll yield