John Garamendi

So, if a corporation were to be making shirts, ties, or suits here in America, it could ship those jobs to China or to Cambodia and get a tax break. Now, this House voted to end that tax break. We voted to end that tax break.

That piece of legislation dealt with corporate tax breaks. It ended corporate tax breaks for corporations that ship jobs offshore. When a corporation under the present Tax Code sends a job offshore, it gets a tax break. It amounts to $14.5…

There was significant reform of the mortgage industry with the Wall Street Reform and Consumer Protection Act, and there was also a provision--well, it wasn't in the Wall Street Reform Act, but there is a debate going on now here in…

Excuse me. Are you telling us that banks own more homes than individual families do?

Do I understand you to say that, presently, our tax dollars that are used for water projects and sanitation projects purchase steel, pumps and other material which are manufactured overseas?

This House more than a month ago passed a very, very important tax bill, and what it did is to end the tax subsidies... that will end and no longer will corporations be given a tax break to send jobs overseas. It's $14 billion a year.

Just next to you is our Democratic leader, the Congressman from the great State of Maryland (Mr. Hoyer). I suspect you have a few things you'd like to say, and you may want to cover the 20 or 30 bills that under your leadership and Speaker…

Somewhere between California and Philadelphia is where Dr. Kagen is from. And you actually started a major business in America. You know what it is to make things in America. You are a physician, you are an entrepreneur, and you are one…

Let's do it and then we can export them, too. I notice next to you the gentlewoman from the great State of Ohio. She is determined to change from the Rust Belt to the Future Belt. Congresswoman Betty Sutton is joining us. You are right…

Under the present laws of the United States, the Department of Transportation has the opportunity to use our tax money to purchase rail cars made in Philadelphia, or buses made in California or in the Midwest, but they don't often do it…

The gentleman is getting carried away. Let me just cut you off and say that there is no candle that I've lit that was not already lit by the Democratic Caucus. I came here just 8 months ago and much of this work was under way. You did…

The heart and soul of America's manufacturing sector was the Midwest, and Ohio at one point was the strongest part of America's manufacturing economy. I know it can be restored. And right here in this area with the rolling stock of…

Let's turn to Ohio, and we will continue on with the story of jobs and what it means in our local districts.

And a person that was working, was receiving insurance, is now going to be on welfare.

We're really faced with a choice. First of all, this is unemployment insurance. This has always been a program in which over time employers pay into a fund for insurance if their workers become unemployed. Because of the downturn in the…

So thank you so very much for talking about down home and what's going on there. I will note that the American Recovery and Reinvestment Act, which the economists suggest has created 2.8 million jobs, provided the largest middle class tax…

But remember, in an NFL football game, you need a referee, and on Wall Street, you need a referee also.

The final point is this: In the 8 years of the George W. Bush administration, about a million net jobs were created. In the last 8 months to 9 months, more jobs have been created than in the entire George W. Bush administration. Now…

Where do you stand? Where do the Democrats stand? We clearly voted today for a major overhaul of the banking industry, the financial industry, and the mortgage markets, to put in place strict rules and regulations. That's where we…

I played football for the University of California in a bygone era, and of course we would never engage in such a thing if the referees weren't there. But that's the analogy of exactly what happened in Wall Street. The regulators were…

Okay. We've got the Packers playing the Vikings. They do that on occasion, don't they? Imagine that if the sidelines were erased and imagine if the referees were put back in the locker room. What would happen?

You are quite correct. I am going to go through a list of specific things to help the economy, but before I go to that, I think we ought to set the stage here. There was a lot of talk in the previous hour about deficits and where the…

My recollection is that the Democratic side said, Let's give people jobs. Let's use the public's tax money to employ people to do energy conservation. The Republicans, to a person, voted ``no.'' Whose side do you stand on? Are you going to…

It would be a very, very good thing. And most economists who look at the international markets and the next great industries don't look to the 19th century energy industry, coal and oil, as being the growth industries and where the jobs…

Quite possibly they are so well heeled and have such big profits because they cut so many corners that resulted in the death of I think 13 people at their oil refinery in Texas, and another 11 at their rig in the gulf, the Deep Horizon…