Continue beyond 11 50 a. M. Each member other than the majority and minority leaders and the majority whip shall be limited to five minutes. The chair recognizes the gentleman from oregon, mr. Blumenauer, for five minutes. Mr. Blumenauer thank you, mr. Speaker. One of the phrases one often hears is, i hate to say i told you so, and its delivered with a feign sincerity but usually people actually like to say i told you so. I must confess that i have some of those feelings myself as repeatedly during the few hours the ways and Means Committee met rushing through the massive tax cut, the largest transfer of wealth in our nations history that will be paid for on the backs of our children and grandchildren with increased debt and benefiting people who dont need it. I said at the time that each week after this bill passed, if it did, we would have a series of embarrassing stories about mistakes and oversight and special interest provisions that were stuck into it. Actually the fact is that t
Join us here brian levit with Oppenheimer Funds and and evan klein top with charles schwab. Is that the tradable bottom, the collection we were waiting for i suspect it was generally in line with what has happened over the last 30 years, the times when youve seen Interest Rates move up. Typically, the move in rates is around 80 to 100 basis points. It usually happens around 80 to 100 days and the average corrections around 10 . Usually what you see in the 12 months after that are positive returns on market, so i suspect it is the Global Economy looks good, inflation is, despite all the warnings, peoples concerns, is not escalating significantly, so i do think that was a turning point for the market. Yeah, doesnt seem like there was a lot of concern about the numbers that we saw out of the cpi yesterday. Jeff, how long can we watch equities move higher as rates also tick higher at what point does that begin to break apart . You know, i dont think theres a particular point at which it br
Traditional and in some ways Old Fashioned area of technology, yet one of very rapid and ongoing innovation. Very central to the performance of our military forces as well. And were going to talk about software and the ways in which systems, electronic systems, countermeasure systems that have heavy electronics and i. T. Component have to be thought about today, have to be improved. All of this relates clearly to some big themes in defense, budgeting, Defense Strategy, to what extent is Technology Changing so fast that we need to emphasize pursuit of a revolution of military affairs perhaps even more than we have been. To what extent do we need to get on top of a new wave of innovation and make sure our adversaries dont do it first. Or what extent is this an ongoing evolutionary process and a lot of exciting important things are happening but we dont need to get overly excited or disruptive about our approach to defense resource allocation. And the broadest of all senses it relates to
Think of me and us as a resource to help navigate that. What i brought today for the purposes of an introduction, im glad to answer any questions about our body of work but i highlights pages to two testimonies and theyre on the table over there. One was a testimony in may of 2010 before this committee, and it was based on a report that came out in july of 2009. And we were asked to look out how much progress had sba made in implementing the Small Business Disaster Response and improvement act of 2008. Its a mouthful. Ill now call it the 2008 act. Very important piece of legislation. It was a good way to look at progress sba had made from basically the problems that incurred during katrina and rita and it was also what remained to be done. The other thing we did was extensive fieldwork looking at the response of the 2008 disasters, which were of a smaller magnitude of katrina or sandy. It was the midwest floods and hurricane ike in particular where we did extensive fieldwork and we cou