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-- -- -- Because what the senate on board attention now falls on the House of Representatives would turn out to two members of that body.
Well what happened yesterday we welcome in democratic Illinois represented -- -- -- is and Republican New Jersey congressman Scott Garrett.
We'll both sit on the house financial services committee congressman -- let me start with you clear up the misconception if there is one.
About the fact that the house Republicans are stalling this spell.
Well the Republicans in the house of course cannot -- anything we are the minority party Nancy Pelosi and the Democrats are controlled house.
If they and Barney -- -- support of the Paulson.
They could have brought the bill up yesterday for a vote we could have -- they could put up the 218 votes they have -- majority they have enough votes they could have done it we can have an out of town right now.
So it sounds like great support that type of bail out -- 700 billion dollars yourself.
Taxpayers dollars to bail out the plan.
I'm a little confused why they insist that and that they have to have 12 were a hundred Republican votes we have an alternative idea.
We've been saying since well this past weekend.
Let's have an open debate on it let's have a full hearing on it let's have a markup in committee on it they refused all that so they're in charge -- they want to move it.
I would suggested a they take the step and -- the vote this morning and but -- -- 218 votes and move ahead if that's what they wanna do.
Congressman Gutierrez let me -- how do you respond to that would you do that.
Well I don't want to act and highly irresponsible.
And partisan political way.
I'm I don't think the American public he gains much.
By members of congress coming on program such as this to attack the other party and put the -- listen.
The American people and our economy is in dire straits.
It's time to set aside political posturing.
And to make sure that we can all come together.
When this proposal this Republican proposal -- George Bush.
Proposal came before the congress of the United States Democrats that and walk away we said sit down will work until late hours and try to work it out.
We have the kind of oversight that many now are applauding.
To make sure that it's not simply a blank check it's not going to be 700 billion dollars.
-- it'll be 250 billion dollars and then we'll see how it works forward.
Right we have made sure that executive compensation.
Has been rained then -- we made sure that people are losing their homes are going to get some help.
There are a lot of good things.
Could have ramifications I think it's time -- sit back at the table and not walk away there's still dire straits Washington Mutual crashed.
Right -- -- the blackmailed let congressman -- -- to respond to that because.
I congressman Gutierrez brings up a grade point here and nanny as.
It isn't the responsibility because the Democrats have the majority in congress to be the ones who stand up and sign this bill into law when many of them sticking points.
They can you want -- intellect were mutually agreed upon in the senate I mean there's Vick well I would assume.
A fair amount -- you know conceiving on conceding on each side.
The the points -- -- added to it such as executive compensation and some sort of a give back for what -- will serve as a protection of the taxpayer dollars.
Going forward and that.
Those things were -- really peripheral issues to be all underlying issue.
Will we spend 700 billion dollars of taxpayer dollars we've spent -- on.
The first day of the -- couple months down the road those are really besides the point -- a number of us Republicans we would like to say can't we have a discussion.
On -- alternatives and we threw out some of them but it was a very -- only one hearing not a mark up as you know the term and committee hearing the other day on Wednesday when that both secretary Paulson.
And chairman Bernanke was there we have all alternative ideas that we think we could do without using taxpayer dollars.
But again I'll go back it's.
-- -- confident we'll -- -- -- -- alternative idea of the largest.
The savings and loan the largest bank failure occurred this morning.
That and it -- We do we do have time we do believe we sent that back to the president when he first proposed the idea we said that actually two chairman -- said let's come back to congress on immediately.
Have some hearings on that.
-- and -- and have those until late on Wednesday in the house.
Here it is Friday we could have been in committee yesterday doing this we are doing some other stuff we had that GSE.
-- reform dealing with that issue we could have been here Monday Tuesday Wednesday Thursday having hearings into discussing these ideas.
Going through some of the other proposals cut because I have to tell you there are a number of other ideas that it happened floated out there and -- for whatever Rihanna chairman help.
Not clear -- Perez go ahead go ahead if it hit it right close look.
You've reported this that the country has reported this process for the last week.
Between both Republican leadership democratic leadership in the White House and things were going along pretty well.
And -- with the -- -- have this great summit yet today.
And at that summit -- today John McCain while physically present at the meeting.
Absent from it he did not speak.
This was the time that he had asked for to bring everybody together in order for -- plan to -- that it didn't happen.
Having said that.
Look you can that the row at the last second ideas where were all of these ideas last week.
Six days ago five days ago four days ago at the very last factor when -- it's buying the beginning to.
They have some consensus that growth and we have no idea and what is -- no idea that no idea is tell you what.
Let's stop paying dividends.
And let's stop paying capital gains so what we are suggesting is that corporations stop sharing in the wealth.
And stop paying taxes that is not a responsible way to respond to what we have right now because even if they -- well.
-- -- confidence in the market is not there yet -- people to rally this market when it's our economy okay let's leave politics aside and partisanship aside.
I'm ready to sit down at the table we don't need a mark -- we need to sit down around a table and talk to one another.
All right guys I hate to do but I have to leave it there as a great -- highlight -- your question I look forward to.
Hopefully seeing some resolution pretty quickly thank you --
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