$19 billion from the u.s. taxpayer? who was helped and who wasn t helped and why. i think it is astonishing that you have a country in which enormous amounts of money have gone to very, very big institutions. the dodd frank bill has actually increased the size of the largest banks. the banks who were the problem. the dodd frank bill is gradually crushing small independent banks and yet the washington power structure that seems incapable even of having hearings to look at this and frankly if you look at the list of romney s top fundraisers they are all from wall street and all from the old establishment and all have a vested interest in protecting the old order and i think that is a mistake. we need to change, washington, not keep it in its current form. chris: let s talk about one member of that washington power structure, part of the republican elite and that is bob dole who was the senate republican leader at the same time that you were the speaker of the house and he put out a sta
there is a redistribution of wealth from their pocket books to all sorts of cronies in the obama administration. you notice he said little about the debacle that the obama care law has become. redistribution under the dodd-frank bill that supposed to hedge against the wall street fat cats. where has the money gone? to the lobbyist in washington. do you think it is fair to play the class warfare knowing that high income entrepreneurs are also job creators? i will set aside that debate on whether they are the job creators. they are not always. in terms of the politics of it. it is not effective for him. demdeps like this and it may get democrats excited about
an idea that has bipartisan sport, at least outside of washington. some of what s broken has to do with the way congress does its business these days. a simple majority is no longer enough to get anything, even routine business, passed through the senate. neither party has been blamed. now both parties should put an end to it. for starters, i ask them to pass a simple rule that all judicial and public nominations receive a simple umor down vote within 90 days. the executive branch also needs to change. too often, it s inefficient, outdated, and remote. that s why i have asked this congress to grant me the authority to consolidate the federal bureaucracy so our government is leaner, quicker, and more responsive to the needs of the american people. finally, none of this can happen unless we also lower the temperature in this town. we need to end the notion that the two parties must be locked in a perpetual campaign of mutual destruction. that politics is about clinging to ridge
routine business, passed through the senate. neither party has been blameless in these tactics. now both parties should put an end to it. for starters, i asked the senate to pass a simple rule that all judicial and public service nominations receive a simple up or down vote within 90 days. [ applause ] the executive branch also needs to change. too often it s inefficient, outdated, and remote. that s why i ve asked this congress to grant me the authority to consolidate the federal bureaucracy so that our government is leaner, quicker, and more responsive to the needs of the american people. finally, none of this can happen unless we also lower the temperature in this town. we need to end the notion that the two parties must be locked in a perpetual campaign of mutual destruction, that politics is about clinging to rigid ideaologisologies instead building consensus around common sense ideas. i m a democrat, but i believe what republican abraham lincoln believed the governmen
concern. christian, you are right about the bankings overstepping the bounds. did you have everything in your tool box to handle the crisis. they will tell you yes. but they did not enforce the regulation. this director is dealing with pay day lenders. that s where these people are. you take a loan out for two weeks and write them a post dated check and they charge 16 percent. and takes 20 million people. . wayne, you deal with that every day. is that a fair assessment? no. the problem is fundmental. and as i said it starts with the dodd-frank bill itself. it should be thrown out. you can t regulate and it should be competive. go back to the bill cancelled in 1999 and resurrect that and allow competition to control this, you wouldn t have the problem at all. wayne, you are in the same