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» On Talks of Automotive Industry Recovery Plan on Bloomberg, December 09, 2008
We are hoping that for all of the parties involved, they understand the political nature of this, and they will make their contributions, in some ways this will be substantial, to make sure that the automobile industry is viable, and they will continue for many years to come.
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» On Fox News Discussing the Automotive Rescue Plan and the Incoming Obama Administration, November 23, 2008
I'm not talking about numbers right now, Chris. We're going to have to determine that. But clearly, we need to have stimulus and help for those -- not the big corporations, but those struggling with losing their jobs, losing their ability to put food on their tables...
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» On Fox News Speaking about the Auto Industry and Challenges Facing the New Congress, November 20, 2008
There's no question we have pressure. We've been given substantial majority in the house and senate and we have a democratic president, barack obama and the public is expecting the change they want to see in their country and as a result I think we have a heavy responsibility and we'll work hard to meet that responsibility...
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» Exchange with Kay Bailey Hutchison on the Automaker Aid Bill on Bloomberg, November 19, 2008
Trying to stabilize the bad statistics that are coming and more importantly the bad realities of lost jobs, lost employment, lost health care, that stabilizing the financial markets clearly was an objective. But also stabilizing the auto industry which is critical to our country's health is also very important...
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» On CNBC Discussing the Automotive Industry and Helping Automakers with TARP, November 18, 2008
We had a meeting yesterday with Secretary Paulson and Chairman Bernanke for some period of time, over an hour, and we discussed those issues. First of all, we think that from the standpoint of Secretary Paulson and Chairman Bernanke, they believe that the TARP program has been successful, successful to the extent that the very deep plunge that they feared has been staunched and that there's been a stabilization in the financial community...
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» Speaking at the National Press Club Engaged in a Q&A; Session, November 18, 2008
We will defend the legislation that was passed last year and the energy bill as well which affects greater efficiencies in automobiles...
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» Speaking at the National Press Club on the Congressional Agenda, November 18, 2008
Our challenge is ensuring that we live up to the possibility of that day and the promise of this moment in history. With that oortunity in mind I want to talk as house majority leader about the shape of the new congress and its work in the new year.
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» Broaching the Subject of the Automotive Industry Recovery Plan on Fox News, November 13, 2008
We know what happens in the great depression, the reason it went to a depression is because the government failed to act. The government failed to step in and stabilize the economy. We know that. Ben bernanke, the history of the great depression, as you well know, said, "if you do not act, we are going to have a real crisis."...
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» On CNN Discussing Economic Challenges for Congress, November 10, 2008
Everybody understands, conservative, moderate, liberals, republican economists, democratic economists understand that in the short-term confronted with an economic crisis, that you try to stimulate the economy, and you do that by deficit spending.
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» On Fox News Addressing Focus of the Next Congress, November 09, 2008
We want to focus on the economy, try to get it moving, creating jobs, stabilizing the downturn that we have seen. That would be our first priority...
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» Statement on the Emergency Economic Stabilization Act of 2008, October 03, 2008
Republicans and Democrats together, Administration and Congress, Chairman and Ranking Member, each individual member decided that failure was not an option...
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» Addressing Senate Financial Rescue Plan on MSNBC, October 01, 2008
I'm for most of the provisions that are in there. As a matter of fact, the house has sent most of those provisions to the senate, paid for them, and would have asked them -- asked the senate to consider them individually. They chose not to do that in sending it as a package. Not only as a package, but they're putting it on a bill that i think is critically important for the house to pass and the congress to pass and the president to sign to stabilize this economy...
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» Addressing the Press on the Senate Financial Recovery Bill on CSPAN, October 01, 2008
We spent a lot of time working on getting it right. As you know the bill that was presented to us by the administration and asked to pass was not in a position that we thought was appropriate. We added very substantial provisions in terms of transparency, in terms of oversight, in terms of capping compensation so the taxpayers weren't enriching the already rich. And providing for protections for homeowners, trying to make sure that we can provide for some workouts for people so they're not kicked out of their homes.
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» Discussing Senate's Vote on the Financial Recovery Bill on MSNBC, October 01, 2008
Frankly since Monday's failure there's been a greater appreciation by the american public that this affects them and their families and I think there's going to be a greater understanding and more support, more broad-based support during the consideration bill to the next few days...
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» Discussing the Senate Bill for Financial Rescue on CNN, October 01, 2008
The concerns are not so much about the continuing of the tax extenders, that is the benefits research and development tax, the taxes to help solar, wind, other energy sources. Clearly we're for that. What the Blue Dogs are concerned about is paying for these and not making the deficit worse. That's the controversy...
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» Speaking about the Senate Vote on the Financial Recovery Bill on NBC, October 01, 2008
No doubt the tax package is very controversial. The senate, in my opinion, is adding that on because they think that's the only way to get it passed...We'll have to be talking to them. I'm not particularly pleased with that addition myself, very frankly...
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» Discussing the Rejected Financial Recovery Plan on CBS, September 29, 2008
We delivered two-thirds of the democrats for a proposal by the republican president and republican secretary of state... secretary of the treasury. So we think we did our job and we worked very hard at making sure that we had that two-thirds vote...
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» Statement on Votes for the Recovery Bill on Squawkbox, September 29, 2008
I am very hopeful the votes are there from both sides of the package. You have the president of the united states, all the leaders of congress on both sides of the aisle, and you have senator mccain and senator obama both saying we need to do this. Will it work? I don't think anybody can guarantee that. If we do not act, will we be at greater risk? Most people agree with that...
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» Supporting the Emergency Economic Stabilization Act on the House Floor, September 29, 2008
We swore an oath to protect this country, to protect our constitution and protect our people. Most days in the house of representatives, we make judgments...
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» Addressing the Recovery Plan on Fox News, September 27, 2008
This is not a question that this is the Administration's plan, Paulson's plan, republican plan to meet a crisis that in our opinion was caused in large part by the fiscal irresponsibility of this administration and the regulatory neglect of this administration...
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» Hoyer Delivers Democratic Radio Address, September 27, 2008
Before we find our way out of this mess we need to understand how we got into it essentially. We're here because much of our financial sector became dependent on the Housing Bill. On the gamble that home values would rise year after year...
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» Discussing McCain's Contribution and GOP Proposal on MSNBC, September 26, 2008
What happened is the house republicans, as you just heard Mr. Pence say, put a new plan on the table after six or seven days of very, very vigorous work around the clock trying to meet this critical crisis. They put a new plan on. We were down at the white house, norah, and it was clear that Secretary Paulson did not believe their proposal was a workable proposal.
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» On Progress of Financial Recovery Package on Power Lunch, September 26, 2008
I think it was accurate yesterday that there was a deal, an agreement on the table that was agreed to by -- in principle by most of the players. Towards the end of the day the house republicans indicated no they were not in agreement and they told the president that and they told secretary paulson that and as a result we are continuing to work to try to get an agreement. The fact is as we see it there's a crisis...
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» Discussing Tax Extenders Bill on House Floor, September 25, 2008
I support this bill for two reasons: first because it provides essential tax relief to american families and businesses and secondly just as importantly because it is paid for. The tax credit extended by this bill are some of the most necessary that support renewable energy and energy efficiency.
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» Insight to Where the Recovery Package Stands on Bloomberg, September 25, 2008
We are prepared to work through the weekend to get an agreement. Unfortunately, this afternoon, republicans in the house came up with their own separate plan, which they never mentioned yesterday during the hearings with bernanke and paulson, which came as news. that clearly has slowed us down.
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