The lead coordinator at the state department. The hearing is two hours and ten minutes. This hearing will come to order. This morning the committee extensiveour oversight of the Obama Administrations nuclear itsement with iran and nationalces for the security of the United States, the consequences for the allies, as many know here, i feel those consequences are quite dire. Implementations day. An historicked turning point in the middle east. Irans recordnap praia statusits reconnected to the International Trade system. Now with access to 100 billion assets and sanctions instantly, iran has become the dominant country in the region. The regime has achieved this all itsout having to end aggression against its neighbors and it still calls for the inrthrow of the governments and saudi arabia and other states. It mass done with without its support for terrorism. And the iranian economy was prior to this hemorrhaging. Hemorrhaging because the sanctions we had pushed had worked. Sanctions we
Consequences are quite dire. Implementations day. An historicked turning point in the middle east. Irans recordnap praia statusits reconnected to the International Trade system. Now with access to 100 billion assets and sanctions instantly, iran has become the dominant country in the region. The regime has achieved this all itsout having to end aggression against its neighbors and it still calls for the inrthrow of the governments and saudi arabia and other states. It mass done with without its support for terrorism. And the iranian economy was prior to this hemorrhaging. Hemorrhaging because the sanctions we had pushed had worked. Sanctions we pushed in 2010 the2012 had led by 2013 to implosion of the economy there. Now now irans leader are predicting swift growth. They are probably right. These European Countries that have observed sanctions dam is broken. They are sprinting in to the billionsarket to cut in deals and to invest there. They are making a mockery of the administrations
And boys, different ethnic groups. Those votes can show the way, can solve problems. Not only for our country, but for the whole region and the whole world. Your votes on the seventh will be a vote for logic, will be a vote for love, it will be a vote to safeguard and stand up for your rights. That vote, on the election day would mean that people are interested in rebuilding the country based on dialogue. It is not for those who want to turn the back on the law. We are not voting for those who go for bickering and wrangling and extremism. We vote for modern and free iran. We will build iran. The grandeur of the iranian nation, our national grandeur, we will bring that grandeur to the max, to a place where it deserves, through unity and with gods grace. May god bless you all. I would also like to thank our foreign guests attending the ceremony. Every election cycle, we are reminded how important it is for citizens to be informed. Cspan is a home for political junkies and a way to track
Mr. Chairman, if i may, when it is implied that the treasurer is not being truthful, he should be given an opportunity to respond to that. It should not be left, saying i have accused you of not being truthful, but i want to move on and i would say if we are to comply with proper decorum, you would allow the treasurer to respond to what has been said as his being untruthful. May i speak to the point . Any other member wish to be heard on the point of order . Gentleman from south carolina. Ive already indicated to the witness that i intend to leave him time at the end of my five minutes to respond. I do intend to do that. I would like to get through my presentation first and to give him the opportunity to respond to all of my points. In addition, no one is stopping him from receiving time from the opposition, the other side, the other party to speak to my points, which we regularly do in this committee. Perhaps, if no other member wishes to be heard. I would like to ask unanimous consen
Read. Look. I think china has a serious economic challenge ahead of it. It has to go through this enormous transition from an industrial economy, an export driven economy, to a more consumer driven, more market oriented economy. The faster they establish confidence that that transition is under way and that theyll stick to it, i think the faster theyll see progress. On stemming some of the capital flight. Okay. Well, the other structural problem i think they have to have is that basically the pileup of wealth at the very top, which is a universal problem, actually, in developed economies. In large part i believe this 1 trillion of capital flight consists of wealthy chinese pulling their money out of china, often to spend that money in economically unproductive assets like empty apartments in manhattan or vancouver or you name it. So it seems like when the wealthy in china break their social compact to reinvest in their own country and instead invest in less productive assets offshore,