I certainly am. I wanted to ask the gentleman from Missouri something. As I understand it, this theater tomorrow, this summit at the White House about health care, I want to make sure I understand, is it health care only? Certainly they're…
I certainly am. I wanted to ask the gentleman from Missouri something.
As I understand it, this theater tomorrow, this summit at the White House about health care, I want to make sure I understand, is it health care only? Certainly they're going to talk about jobs. We had the stimulus program when the unemployment was less than 8 percent. It is now over 10 percent. The stimulus program, which was over $800 billion, was spent over a year ago, it's deficit spending, it's borrowed money, and it was supposed to keep unemployment from going to 8 percent, now it's up to 10 percent. Certainly tomorrow at the White House the topic isn't going to be more spending for a government health care program. Certainly they do plan to talk about jobs.
Am I correct or incorrect?
If the gentleman would yield a second.
Actually, as price tags tend to expand after legislation is passed in Washington, the Obama stimulus plan was $787 billion, but they revised it now another $75 billion, so it is well over $800 billion.
Yes.
I'm glad you brought that up. Because as you know, as Republicans we overspent.
We spent way too much money. Now, I will point out this year's deficit alone at $1.4 trillion is more deficit than George Bush had in the entire 8 years. Let me repeat that. Eight years of Bush is still less debt than 1 year of President Obama.
Actually, also there might be something to it if the President had not been Senator Obama. Because Senator Obama voted for every single appropriations bill; and the Bush stimulus program in May of '08, about $168 billion; July of '08, Fannie Mae, $200 billion; Bear Stearns, $29 billion; AIG, $85 billion going to $140 billion, done by the Federal Reserve.
It absolutely does. But the thing I am saying on this Federal Reserve spending is that neither Senator nor President Obama has spoken out against that. He embraced the TARP bill, the Wall Street bailout, with both arms. That is $700 billion. Then there was $410 billion for the omnibus spending bill. And then, as you pointed out, $800 billion for the stimulus bill. Now he is proposing $950 billion for this government health care plan. And yet he still says that he wants to reduce spending.
I'm on the Agriculture Committee. We had a hearing today with the Secretary. I think the Secretary is a very decent Secretary. But the proposal of the administration is to freeze agricultural spending. Agricultural spending has gone up 26 percent since 2007. Yeah, you have a run on the bank----
There is no end to this. Today at the Business Roundtable the President said something like, I am a staunch capitalist, I believe in the capitalist system. And yet let's look at the last record. There is not a government regulation that this administration hasn't embraced and said, look, we need the government to do this.
The gentleman is right. Investment money is going to sit on the sidelines until the government sets the rules and keeps them. Businesses can adjust. Even if the rules are a bit excessive and high and unreasonable, business will adjust to it. But if you keep changing it, they can't adjust. So of course investment capital is going to sit on the sidelines. That's just economic common sense.
With more to come. More to come. As you said, cap-and- trade, but you did not mention the banking bill. This is another financial takeover. And you know, I haven't seen a lot of wisdom behind the government-knows-best mentality of the Pelosi House.
Well, you know, it's interesting the way the Pelosi- Reid-Obama triumvirate always is coming back to government and Washington solutions because, as I see it, looking at the government performance, Republican or Democrat, it hasn't been effective. Just think about Washington, D.C., two weeks ago, shut down because of snow. Now, you know it might be worth 48 hours, but this was a town where, essentially, everybody in the government took off for a week.
Now, it's interesting. My son works in Washington, D.C., in the private sector. Somehow, his roads were open. And I saw that over and over again, the private sector people could get to work 2 weeks ago in the snow. Not every day, not every hour, because it was a bad storm. But for government employees----
Well, let's just say the global warming campaign has been a great disappointment except for the Vice President's pocketbooks. He's done real well on this financially.
But, you know, you think about the government efficiency. Think about Katrina. What was that, $120 billion to rebuild New Orleans? I would think Democrats and Republicans share the blame. Government did not do a very good job.
Think about the war in Afghanistan, now going into its eighth year. We have not executed the war very well.
Think about Social Security. It's going broke. I look at my 24-year- old son and your children. They are not going to get it. That's a mathematical reality. That's not political spin. It runs out of money in 2030, period. Now, we could tinker around the edges and postpone that maybe a year or two, but it needs working.
I have a feeling it was Jimmy Carter trying to get us off Middle East oil. Is that----
And I think, at the time the export or the import amount from the Middle East was maybe 50 to 60 percent, or, no, excuse me. It was about 35 percent, and now it's up to the 50 or 60 level.
Yes. But let's talk about the Department of Education. Boy, I tell you what. School systems have really done well, haven't they, since the Department of Education. I mean, there's no way you could argue that.
Well, you know, the old expression, I'm from the government, I'm here to help. I haven't found a school board or a school board member back home or a teacher in the classroom who can't spend the money more efficiently and more effectively because, you know, there's an old Loretta Lynn song about raising children. One needs a spanking, one needs a hugging, and one's on his way. And you know, that's the situation with education. It's the teacher in the classroom who knows how to teach Johnny, not some bureaucrat on the sixth floor three offices down at the Department of Education in Washington, D.C.
Well, you know, what about Medicare?
Now, Medicare's a very important health care program for our seniors--my mom's on it and I think your parents are--and yet it's going broke. $36 trillion in unfunded assets? What are we doing to senior citizens? The program is going broke, and yet we have our head in the sand.
You know, there's a joke about the guy asks his friend, he says, Why don't you ever read the Bible? And he says, Well, you know what? I just don't understand all that stuff that's in there. And the guy replies and says, Well, I don't think it's the part that you don't understand that is bothering you.
And the President says over and over again, I guess this is maybe his background in, you know, Ivy League schools or, you know, the circles that run around in the Northeast that, well, the American people, bless their heart, they just don't understand this health care bill. You know, what has he given, 50 speeches? I don't know. I know I had 19 town hall meetings. The people understand the health care bill. If there's one certainty in the whole debate it is that the American people understand the Obama-Pelosi health care bill.
You know, the town meetings that you and I had, the town meetings where you did not have to have an invitation, the town meetings where you invited Democrats, Republicans, Tea Party members, independents, out-of-towners, nonregistered voters, the kind of town meeting where you had open mikes and anybody could stand up and say anything they wanted----
Well, you know what I found though? The people were reading the bill. And I've got to say this to the people who supported the bill, they found some good stuff in there and said to me, you ought to support that. And there were some things in there that I think are worthy of supporting.
But I still think it's very difficult to make a bad bill a better bill. I think it would be better to start all over, pick and choose some ideas from Republicans. You don't have to start at Ground Zero as if you've never heard of health care reform ideas, but you should start all over in this legislation.
What if this was the Pelosi-Boehner-Reid-McConnell bill? What a different thing. And I think that's what we want to do. We want to work with the Democrats.
We were shut out of the stimulus bill. We were shut out of the omnibus bill. We've been shut out of health care. Maybe tomorrow isn't just theater. Maybe it's the turning point. I hope that it is. You know, I'd like to see something get done. But a lot of times, you know, these things are just positioning.
Well, let me ask you this now. Who gets to look at it in 24 hours and when? Who is this group of people and when?
I understand there's some special interests for Louisiana, Connecticut, Michigan, and those are the deals we know about because those were a little bit more visible. But you can imagine all the other oddball stuff in there, the hospital wings that will be built here and there.
So special interest groups have clearly been on the inside of this and their fingerprints are all over the health care bill.
And, you know, not to mention there will be a new tax on individuals because, you know, when you're forced to buy something, that is a tax. And so there would be less money for customers of small businesses on a discretionary basis. Whether they're buying hamburgers or clothes or tires or whatever, they'll have less of it in their pocket.
Well, again, the American people do understand this Pelosi-Obama-Reid health care package. And, you know, I think one of the great examples of government efficiency we saw in August, Cash for Clunkers. It was a program, actually pretty simple program. You turn in your old gas guzzler, you trade it in for a more fuel-efficient car. We give you a tax credit. They take your old car, put it out to pasture and put it down. And, you know, it's kind of an easy thing to follow. Stimulates the car dealerships.
Well, that program was supposed to last from August to November. It was a $1 billion program. I think they hired 100 employees, came back a week later and said they needed 1,100 employees and $3 billion. And even doing that, Cash for Clunkers was dead and defunct within a matter of weeks.
So you now feel that that same government that brought us Cash for Clunkers, a $3 billion program, is going to be able to run a $2 trillion health care bill.