but that is exactly what we have done in the underlying bill is push the decisions to the local communities to address the shortages that they have in their own local communities. so i would oppose the amendment. >> let me ask my colleague something. do i understand it that the commission would be required or -- to gather information from the states regarding what their needs senator this seems to be the issue. whether or not we're going to be listening to our respective states and what their priorities would be. as i understood it earlier, we had a similar debate, senator harkin made the point and identified several a areas where specifically the states were specifically mentioned. as to the importance of their involvement in getting back to the commission to make sure that at the national level, the point that tom coburn makes and i this think we all agree on, that there's a fear that this can be sort of decided on mt. olympus, disregarding what's occurring in our respective states and the diversity that exists across the country. from connecticut and oklahoma. different needs. different

first is the local community. readers come to our coverage from everything from the local school system to with the obama administration is doing. second, we have a large and growing national audience. 90% of our page views are outside the market and we have never spent $1 marketing ourselves out of this market. our job is to serve these two audiences and to do it on multiple platforms at the same time the cut costs and explore new -- new ways to invest in technology trade is a tall order, but that is what we're doing great we were one of the first papers to invest heavily in building a web site. our reporters are on facebook and twitter. we won an emmy for a video. we're trying to enhance what they have always done, which is good storytelling. which is formed a new unit in the newsroom which is going to do just that, multimedia storytelling. people often ask me if i believe we're going to have printed newspapers and the future. the answer is that i do not know but they will be around for many years to come. i do

they often are the mainstays of the local communities, they contribute substantial taxes, support local supports the community events and have good reputations. they are the established, hard working and struggling in a horrible economic environment and soon their employees will be out of work. by one estimate the termination notices may cost upwards of 190,000 well paying jobs. in the validity of the cost issue is a particular interest since the press reported yesterday the house majority leader said he has spoken to the white house auto task force and an acknowledged that the automakers will say no immediate cost savings from closing the dealerships. mr. henderson, you say gm is going to be more accountable, let's talk about accountability -- two mid the closure decisions, however, the maine, where they may come amid the recent decisions to reverse closures of 41 dealerships. mr. anderson, you say gm will be focused on customers and less talk about customers -- how is it the mustard eliminated dealerships which compete with each other for price, quality and service. it has been set ou

the negative impact of recent base decisions on the local communities that so strongly support our troops. mr. kingston: i thank the gentleman for his kind words of support for the patriotic and hardworking people in the communities surrounding fort stewart and i appreciate the chairman's support to work with me through this year's national defense authorization act to ensure the army and local communities can continue to have strong pardoner inships in the support of the troops. and i yield back the balance of my time. thank you, again. mr. skelton: thank you. the chair: the chair will note that the gentleman from california has 7 3/4 minutes remaining, and the gentleman from missouri has three minutes remaining. the gentleman from california. mr. mckeon: mr. chairman, at this time i yield to the gentleman from illinois, mr. kirk, two minutes. the chair: the gentleman is recognized for two minutes. mr. kirk: i thank our ranking member, mr. mckeon, and especially our chairman, ike skelton, for improving one of the amendments in the en bloc. in december i became the first member of this ho

first, the local community. readers who come to us for our coverage of everything from local school system to what the obama administration is doing and how it might affect local businesses. second, we have a large and growing national audience but comes to us for coverage of washington -- the of the redskins or the u.s. government. as i said, 90 percent of the page views on the web are from outside the market and we never spent a market the dollar marketing ourselves outside the market. our job is to serve the audience is and what on multiple platforms. at the same time that would cut costs and explore new ways to make money on digital platforms. it is a tall order, but that is what we are doing. we will one of the first major papers to invest heavily in building a website. today our reporters are at face book and twitter. it may surprise you to know our newspaper won an emmy for travis fox the deal covers. our reporters are carrying video cameras and learning to use new media to enhance what they have always d

local community. and the woman who owns the cafe introduced me to her daughter who works there, introduced me to her grandson and her granddaughter who work there. three generations in that cafe. and she said to me, we're doing just fine as long as no one gets sick. because we can't afford health care. and in that cafe sitting at a table was a woman who came over and talked to me, and she said, jeff, my husband had a heart attack and died last year. with his death, i lost my health care. i'm getting by in terms of housing because my kids are pitching in, but we need to have affordable health care. and town after town and town hall after town hall at door after door, americans are pleading for us to do something about this broken health care system. mao, i'now, i've heard comments about what a fine system we have. and it may be just fine if you happen to be in this hall and you have health insurance or you're working in a job and you're fortunate to have health care. but even then, even then, folks wit

i mean, the economy has to be about making a living in our local communities. and we are going dead wrong if we can't have a business model that rewards local success and gives people in a community -- they're willing to take a risk, to do a job, provide a service, related to their customers. if they don't have a place in the economy in the auto future of this country. you know, it's almost as though each one of the manufacturers wants to have one dealer on steroids that can sell to everybody in the country over the internet and it just ain't going to work. so mr. chairman, and mr. walden i appreciate you having this hearing. my hope is that we can find a way where there is a place that includes our local car dealers who have been doing so much for so many for so long. thank you very much. >> thank you, mr. welch. you have time? if you have an opening statement, a 3-minute opening statement. now would be the time. give yourself a second and get situated there. >> thank you, mr. chairman. i appreciate this hearing and the circumstances that bring us here today.

this puts a lot of pressure on the organization's and the local community organizations. understanding this and the possibility of the pressure on the organization's what faults do you have about that process? are you thinking of changing that or is it your opinion that it's a fair process that everybody is on even playing ground? and would you also can it to meet with the national minority aids council so they can also express themselves for themselves the way that we see the issue? and i think that those issues will come and they will express that with you. i hope that you will be able to make some time for them. the other area is the health disparities. the try caucus i want to emphasize there's a recognition there is a stark disparity and it is evident in their tribal reservations where her very few people who take the time to visit but it is stark and i think it is time for this country to take a kodel through the tribal areas and look and understand what's going on and what's not happening in those areas. coming back to the other areas of disparities when we look at

the proposed location is in a community of nearly 300 homes. local residents are opposed to the location and the carson city board of supervisors recently passed a resolution voicing its opposition to the proposed location of the fire center. the b.l.m. has under consideration multiple sites for this particular facility, all of which are better suited than the chosen location. . my amendment prohibits funds for the building of this facility in carson city and allows the facility to be built at alternative sites. i support the facility but doesn't make sense to build it in a residential neighborhood. i urge my colleagues to support the will of the people and will of the governments and support this amendment. the burro of land management and federal government owns 84 million acres and choose to put this facility next to a neighborhood. there are a lot of other alternative sites that i support and support moving forward, but not this particular area. thank you, madam chairwoman. and i reserve. the chair: the gentleman reserves. the gentleman fro

if it's important to these local communities, why don't the local communities pay for it? why didn't the chamber of commerce pay for it? why don't commercial companies pay for it? why don't co-ops pay for it? somebody needs to explain to me why the dublin family in texas that needs money to pay their mortgage, why do they have to pay for it? why does the morning family in athens, texas, when they need this money to put gas in their car, why do they have to pay for it? why does the lily family in coughman, texas, that need money to pay health care premiums on their insurance, why do they have to pay for it? i don't understand that, mr. chairman. and i don't think it's right. i don't think it is right at a time of economic crisis. we are losing small businesses by the thousands. the average small business is capitalized by $25,000. this $200,000 expenditure right here, that could mean the difference of saving eight small businesses and the jobs they represent in this great nation of ours. but instead it's going to be spent on the maine lobster research and in shore troll sur

the american garrison and how it became intertwined with the local community. there was a quick vacation -- a great quotation from one of the newspapers. it said something to the effect that as occupiers, they were not so bad. [laughter] let's hope that the rest of the world feels that way about us when we are no longer the superpower. i spoke to the agency that i just left. i told them when they were meeting with our partners to remember that you represent the only superpower in that room and not to ever act like it. our partners already know the first fact. they are checking for the second. that brings me to the second element in your preparation to make a meaningful contribution. that is not just being an american. that is being global, to understand the things beyond our shores. it is to appreciate and value them. the first order is learning about the broader world. it shows that you have an appropriate measure of respect for other peoples. i recall one instance with my wife and daughters. we were in the largest town in european turkey just across the borde

the local communities, league of cities, counties are all very enthusiastic about this. administrator lisa jackson put out an announcement about this program. i'm sure there will be hundreds of applications from all over this country. climate change is one of the most serious issues facing our country. we held hearings. and brought in representatives from all the federal agencies. and they alltel us that they can see the impacts of climate change on the federal lands across the country. i mean people are talking about bug infestation and they're talking about the effect of this bug infestation which has a devastating effect on our forestry and our trees. and then we have the fire issues. the fire season is now one month longer on each end, so we have drought, bug infestations and longer fire seasons. we have all these things happening because of global warming and climate change. and we have to deal with that. and we have to have our communities involved. we have to our rural communities involved. so i think the investments that we're making here and the research that we

third, is the devolution of power and power of people themselves in the local communities. the house will be aware of the proposals for the completion of devolution of policing and justice of northern ireland. next week the common commission will report with recommendations on the future of devolution in scotland within the united kingdom. the government's 2006 act permits further devolution in wales on which there are discussions. my right honorable friend the community's secretary will set out how we will strengthen the engagement of citizens in the democratic life of their own communities as we progress the next stage of devolution in england so we must consider whether we should offer stronger clearly defined policies to local government and city regions and strengthen their accountability to local people. mr. speaker, last year we published a review of the electoral system and there is a long-standing debate on this issue. i still believe the link between the mp and constituencies are essential and that it is the constituency that is best able to hold mps to account. w

and that's the way they should be supported, by the local community. and keeping them going. that's who will use them, that's who will appreciate them. but to ask federal taxpayers to come in and subsidize such a project, madam chair, i think is just not appropriate, particularly in these economic times and i would reserve the balance of my time. the chair: the gentleman reserves. for what purpose does the gentlewoman from new york rise? >> madam chair, i claim the time in opposition. the chair: the gentlewoman is recognized for five minutes. >> madam chair, i first want to thank the chairman of the subcommittee for his support and i congratulate him on a strong bill that i am proud to support. and i do respect the views of my colleagues, mr. flake from arizona, mr. campbell from california. i think they understand that this is not a partisan game that we're part of and they may have a principled stand for what they believe congress' role is in directing federal spending. however, on this issue we fundamentally disagree. i do believe that it's our responsibility as elected of

at the local level by enhancing through community emergency response team through the capitol of these people stand ready to help in their neighborhoods and calamities when disaster strikes. >> thank you. general, i have one more question for you and then one more for mr. fugate and we are going to move to the next panel and a minute. brandt you all did your assessment of the joint task force were the significance of particularly the coast. all of the coast have port assets, port assets that of course must be maintained not just for the benefit of those communities but in the nation's economy depends and in some measure you could say the world's economy depends on the continued operations of these major ports. many of them obviously if you start from houston and work your way up are many major airports that can be affected. and we saw when katrina hit one of the largest by volume port in the nation was shot down a long period of time and gas and oil operations of the gulf coast came precariously close. had retek hit houston, which it did not, it hit close to houston, it's, you know, it

medicaid spending in my state, north carolina, is almost $10 billion and crippling many of the local communities. i don't think we can afford to wait another year to pass reform that's going to bring fairness and stability back into this health care system. i think the fundamental promise of this effort to the american people has been and should continue to be that if you've got health insurance now, you're happy with it, you can keep it. not that you can keep it until you have to change jobs or you can keep it until it's not affordable, but that you can keep it, period. middle class families have enough to worry about. if they have themselves and their children, if they're in a plan that works for them, they shouldn't have to worry about losing it. if they don't have access to a plan that works for them, we should be making it as easy as possible for them to get into a plan that does work. we also need to make it easier for businesses, especially small businesses, to do the right thing. i want to make sure that small businesses are able to offer their employees affordable health ins

we will push the reform of local communities. we will try to decrease the amount of local and regional local elected officials. we will request an effort from all communities. the government will face a huge challenge of transforming the french economy in it to a productive economy. what is at stake is the country itself, the citizens themselves, and the taxpayers themselves. the effort should be shared. there's also the issue of the reform of social security network to stop abuses. this is something that we will reform. we will also reform the pension system. 2010 will be an important year in that regard. everything will have to be in question. the age of retirement. all possibilities will be considered. the various stakeholders will make proposals. i will not close the debate opened it. the time will come to make a decision for 2010. the french government's will make the hard decision. this is a question of honor and ethics towards future generations. we will not waste a single europa of public money. i am asking the parliament

leveraged at the local level by enhancing through community emergency response team through citizen corps capabilities that people stand ready to help in their neighborhoods and their communities when a disaster strikes. >> thank you. general, i have one more question for you and then one more for mr. fugate and then we're going to move to the next panel in a minute. when you all did your assessment of the joint task force, one of the issues that came up were the significance of particularly this coast. i mean, all of our coasts have port assets, port assets. that, of course, must be maintained not just for the benefit of those communities but the nation's economy depends and in some measure you could say the world's economy depends on the continued operations of these major ports. many of them, obviously, if you start from houston and just work your way up to new york, are many major ports that can be affected. and we saw when katrina hit one of the largest by volume port in the nation was shut down for a long period of time. and the oil and gas operations off the gulf coast came p

on the local level, we partner with local community organizations and have stepped up efforts to ensure organizations have disaster in permission -- information. i would like to acknowledge the work done in this area. we called it a strong partner shops -- develop strong partner -- developed a strong partnerships with various organizations. in addition, we worked closely with the national association of judicial interpreters and translators, the national virtual translation center, the national council of la raza, the disability rights network, and save the children. worked for groups such as u.s. humane society. seeing that my time is short, i will move on to say that the red cross is also involved in continuing to approve our response in a cost-effective way. the most vulnerable are magnified by disasters at the same time the charitable donations are decreasing. like many, we are faced with financial challenges. the major disasters of 2008, wild fires, flooding, and hurricanes, created expenses that far outpaced the nation's. with that, i will conclude my presentation. if you have que

make those available to local officials to the nonprofit community to a variety of others to deal with it. and the final comment is this, senator, you know, we have been wrestling with a model of disaster preparedness for the past 25 years that apparently isn't good for catastrophic defense. when you heard in the last hour with administrator fugate's testimony and vision and from the colleagues of 211 and red cross and united way is 21st century thinking for disaster response and recovery. that is what the ready come yaki is about. let's not put it on the back of government to try to be everything to everybody in the midst of a crisis. the crisis. >> thank you. i want you to know i agree 100% with what you said but i also would stress it is important for the federal government to be able to function efficiently and well because when it does and the other party is whether they are private-sector, non-profit or states where locals have that much more of a difficult time, so you are correct. the focus of this is is the nation ready, not just is fema or homeland security ready or the feder

our mayors often serve as the voice of our local communities and is the closest contact for people on government issues. i thank them for their dealings with my office on federal issues. i've enjoyed working with each and every one of them and wish them the best of success. they assisted our office in betting serving our communities and all illinois families. i ask unanimous consent to enter into the recordhis list of past presidents and mayors. thank you. the speaker pro tempore: without objection, so ordered. ms. bean: and i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from virginia rise? mr. moran: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. moran: thank you, madam speaker. madam speaker, for weeks this body has been subjected to uninformed, false demagoguery with regard to president obama's effort to close the prison at guantanamo bay. i want to share some actual facts with regard to the people at guantana

on the local level, chapters partner with local community, faith-based and vividdic organizations. we have also stepped up efforts to insure that community two on one organizations have current disaster information. i would like to acknowledge ms. sternun. in addition we've cultivated and strengthened partnerships with such groups as hope nationwide, the national association of colored people, the legal services corporation, and the buddhist foundation. in addition, we work closely with the national association of judicial interpreters, translators, the national virtual translation center, national counsel of la raza, national disability rights network and save the children. we've also worked with pet rights groups such as the u.s. humane society. seeing that my time is short, i'll just move on to say that the red cross is also involved in continuing to improve our disaster response in a cost-effective way. the economic turndown and needs of the most vulnerable are magnified by disasters at the same time that the nation's charitable organizations are decreasing. like many non-profi

established by the national civic league in 1949, the all-america city award wreck are nieses localities for community projects involving grass root civic engagement and cooperation between public-private and nonprofit sectors that best illustrate community-based problem solving. each year the civic league honors 10 communities throughout the country for addressing the most critical challenges facing america's communities. caroline county submitted three community-based projects including the dawn rehabilitation project, the caroline lie brarery, and the caroline dental program. these projects blend public-private, and civic resources to address specific challenges of the community. i am proud to see our citizens and local government work in concert to meet community needs. caroline county was the only city or county from virginia in a field of 32 finalists from across the country. caroline county delegation traveled to florida to a panel of experts, and i'm proud to recognize them as a wonderful and unique community of virginia's first congressional district for receiving the 2009 all-a

i think clearly the company did a poor job of communicating with local elected officials and community folks about the kenosha decision and i believe the ceo has apologized for that. it was not proper and i hope we won't have a repeat of that in terms of the communication. in terms of the substance of the decision, again, what i -- what i hope mr. ratner said, 'cause i believe these are the facts, is that chrysler made a decision a couple of years ago to build two new engine plants, one in the u.s. and one in mexico. and by the time of this matter coming before us, hundreds of millions of dollars had already been spent on the plant in mexico. and also hundreds of millions of dollars in a plant in the u.s. so for us to go in and overturn that, number one, it would violated the principle that the president has insisted upon that we not interfere in the day-to-day management decisions and number two, just as a business matter, it would -- it would require walking away from hundreds of millions of dollars of invested capital. so i think the reality is for reasons of both principle and prac

line between immigration enforcement and local community policing. and secure communities program does just that. taking on the international drug cartels along our southwest boarder is another major priority we support in this bill. the bill enhances funding for c.b.p. and i.c.e. to combat illegal narcotics smuggling from mexico and others. the bill supports a realistic and strategic approach to the southwest border infrastructure and maintains a historically robust border patrol forest --s for -- force. other specifically priorities week of funded include $800 million for explosive detection systems at airports and $122.8 million for air cargo security to meet the 100% screening requirement for air cargo in the hold of passenger planes by august of 2010. $804 million to continue developing systems to screen inbound, land and sea-based cargo for weapons or nuclear materials which includes $162 million to strengthen overseas operations to monitor and target cargo. $241.5 million for the coast guard to support overseas contingencies in the persian gul

on the local level chapters partner with local communities to my face and civic organizations and also stepped up efforts to assure that committed these two and one organizations hacker disaster information. it relied to a knowledge to ms. durden the good work that the united way has been doing in this area. in addition we cultivated, and strengthen partnerships from such diverse groups as hope nationwide, the national association of colored people, the legal services corporation and the buddhist foundations. in addition we were close to the national association judicial interpreters, translators, the national rich will translation center, national council later, national disability rights work and save the children, and also worked with groups such as u.s. him in society. seeing that my time is short i will move on to say that this red cross is also in moral two in continuing to improve our disaster response and cost-effective way, the economic turndown in the post magnified by disasters at the same time that the donations to charitable organizations are decreasing. like many nonprofi

since 1939, the aopa has effectively represented the general aviation community at the local, state and federal levels. with the membership of more than 415,000 or 2/3 of all the pilots in the united states aopa is the largest and one of the most influential aviation associations in the world. i have been a member for a number of years. general aviation is a catch-all category that includes all nonscheduled, nonmilitary aviation. ere are more than 230,000 general aviation aircraft in the united states which use nearly 19,000 small and regional airports. these airports help connect people and industries that do not always have easy access to our commercial airports. recently general aviation has come under attack by the media and those that view general aviation as a corporate indulgence or an expensive toy used exclusively by the wealthy. that is simply not true. actually, the fact is that companies that utilize general aviation are more productive and thus more competitive. i can give two examples from my hometown, grand rapids, michigan. recently i was talking to a businessman there.

not for the companies, not for the dealers, not for local communities, and certainly not for the struggling u.s. economy. now i will turn to the status of the gm agreements both participation for those going forward and the wind down agreements for those who lose their franchises. last week during my testimony to the senate commerce committee i voiced nada concerns about the extremely one-sided participation agreements it delivered to 4,000 dealers of the new gm. during that hearing mr. henderson committed to meet with nada to discuss our concerns. gm followed through on that commitment. in our leadership met with senior gm officials last friday and we had a very frank discussion. as a result, gm has agreed to make significant improvements in the participation agreement. additionally, gm is committed to clarify some of the terms of the wind out agreements. and nada will continue to work with jim to improve the agreements. we appreciate gm efforts to end iraq's with nada on these matters. in conclusion it mr. chairman i want to thank you again for giving me this hearing because we still have

got rich, and then they took down everyone with them, taking down a lot of local communities. the basic understanding was that we cannot keep doing that, that is not going to work for us. you are not just hurting yourself, the one little business, that goes out of business, you are taking down a lot with you when you do this as a financial institution. we said we would create a wall, and we would have banks run like public utilities, they would make modest profits but they would be rock-solid. and the risks will be taken somewhere else where we do not have to worry about this. if the fancy investment houses want to do this, they can do this but they cannot take any one out with them. on only did the financial institutions find a way around us, the market changed. so dividing along this line, we believe that this is not the most effective way to do this. every time we talk about regulation, we're addressing the same question during the depression, how do we find a way to have a certain kind of financial institution that can hold a deposit and be safe and secure, to put money in

we've seen the fcc, telecommunication administration make an investment supporting the small community organizations being called upon in local communities to do this work and that makes a difference. there is the fcc call center as mr. lake mentioned, 1-888-call-fcc. it is a good resource complementary to that or the hundreds and hundreds of local resources and cities and communities across the country. >> iraq a swanson is with leadership conference on civil rights and their web site, civilrights.org/dtv. bill lake, from all question, what would you do differently that we didn't do if you could do it again? >> i think we would have started the concentrated outreach efforts we are engaged in now well before february and i think if we had we would be in better shin

we partner with local communities, and we also have increased efforts to make certain that community organizations have current information. we would like to a knowledge of the work that they have been doing in this area and we have cultivated strength and partnerships with the verse routes, such as the national association of colored people, the legal services corp., and the buddhist foundation. we have been working with the national association of translators, the virtual translation center, the national disability rights networks, and save the children. we also work with the u.s. humane society. i see that my time is short and i will move on. but the red cross is also involved in continuing to improve disaster response in a cost-effective way. the needs of the most will marble are magnified by disasters, at the same time that charitable organizations are decreasing. like many nonprofit organizations, we are faced with financial challenges. the major disasters of 2008 like the wild fires and the hurricanes created expenses with foreign based donations. >> could you please try to fi

a pressing financial crisis and everybody runs to the dollar bear go. >> your local community bank of the bottom but yasser. >> before the turn of the millennium, i understand that there were $2.50 for every dollar of its gdp. that would mean that the economy was bankrupt, the dollar meaningless, now you explain with those figures that the economy runs and is still going? >> well, of course, the u.s. economy is a huge economy, the biggest in the world and you have the reserve currency. at lot of people are almost fighting to have dollars and their central banks so as long as the rest of the world believes that the people of parade this money, the federal reserve keep their heads, there is trust in the dollar and you can have that kind of relationship between amounts of dollars moving around in your economy and not getting into a bankruptcy situation. when the trust falls to the ground i will have a problem and you have a run on the dollar which will diminish the value enormously at that point in time. like for example in the '50s and '60s. >> geithner has said and when he was a member

again, using locally appropriate mechanism where the community dialogues, leaders in northern india to achieve that. this brings me to one of the fourth biggest lessons that we learned, and this is the lesson in terms of advocacy. i think we're getting extremely good in the world of international health at national advocacy, at international advocacy, the advocacy of rock stars and heads of state. but the reality is that will raise awareness about what we are trying to do if they raise resources for what we are trying to do, but it will not necessarily get the children vaccinated. in the big federal republics where we are working now, federated republics, we need to be operating at the subnational level. this is an area where we are not very good at, but when you look at where polio exists in india, for example, it's up to northern state. there are two chief ministers who between them had what would be, if i

go with their needs are and their local workforce communities need to be absolutely at the table part of the process and the decision maker moving that form. that is exactly right we wrote to the section because our states their original areas need a comprehensive coherent plan of to meet their own health care work for a sneath at home. i don't disagree. what we have done in this bill is leveraging existing resources to build the persian senator coburn is talking about what the amendment eliminates the finance it -- financing mechanisms that help our students get to schools and takes up the education and training programs for them to get the skills needed and eliminate them rossetti programs for health workers some i think our bill does exactly what we need to do which is to make sure the federal garment is a support to leverage those local partnerships and that is how we have written this moment. so i will oppose the amendment because i don't want to see us take out the broad diversity issues we put into this bill and i would remind all that is how we have written this bill to make s

furthermore, it has sparked the growth of excellent local institutions, community halls, and sheltered housing for the elderly. as the house will appreciate, i took pride through my time as a speaker holding subsidies and taking it matters that were aboard to individual organizations and all the people of my constituency. i must record and give thanks to the support of my agent and my constituency assistant. and my lifelong friend, who helps me in london. they have always shown unfailing support in the constituency, and i am honored to have worked with them. the constituency will always be home in every sense for me. there can be no greater honor than to bring to this house the witnesses of that experience, the privilege of representing friends, neighbors, and the values of family and community that i hold dear. to all those good people, let me say this -- i will forever be in your debt for giving me your friendship, support, and trust. i have enjoyed every day i have come into this house. it was a great honor to be invited by the speaker to join his panel. that took me to the chairman

do any cost analysis where you looked at the jobs lost, the pain caused, the impact on local communities, and said boy, dollars and cents, we win on this one. >> i think gm's brands win with the right -- >> no. not asking that. just asking did you do a cost benefit and analysis, an economic analysis of any kind? is there something you can send to me where i can go back to these people and say you know, gm looked at this, they're going to save x dollars? >> individual location by location, no. >> chrysler, did you do that? >> we did not go by location. we have it for the total and the new companies dealer network. >> what's the total? how much is chrysler going to save by shutting down all these dealerships? >> we are going to save approximately $1.4 billion in development costs, $200 -- per year, $200 million per year in marketing and advertising costs and about $1.5 billion of additional revenue from the substandard market shared dealer representation and about i think it's around $41,000 per dealer affected in terms of cost of actually going out and calling on the dealer and having peo

is that the community banks, local banks, the vast majority of banks, are not involved in this kind of too-big-to-bail proposition number 1. it seems to me like you kind of go and get insurance for your car. the insurance company kind of says, well, you kind of drive drunk and speed and you go through red lights and you are careless. we are going to charge you more insurance. on the other hand, you are a good driver, 30 years, never in an accident, never speed, impeccable record. you should pay less. i think he should be risk managed. so the risk you're you are, the more you pay. i think that is a better way -- i think the riskier you are, the more you pay. i think if we can take that model to other areas -- because, look, we should not allow people in our financial markets to simply run amok. we need to make sure that, for example, a hedge fund managers -- shouldn't we know when they go out and acquire a short stalk? just how much they own and what they're up to? i think there should be some more transparency. i certainly would not want to own a company that much of hedge fund mana

it's a done other depositors and a lot of local communities. the basic understanding behind it was that we cannot keep doing that. that is not going to work for us. you not only hurt yourself, you are taking down a lot with you when you do this as a financial institution. we will create this wall, and we will have banks that will run much like public utilities. they will make modest profits, but they will be wharock-solid secure. the risk will be taken somewhere else where we do not have to worry about it. if they want to take risks, they will not take down anyone but themselves. financial institutions found a way to get around glass stiegel. the market's changed. dividing and long a bank and non-bank line is not the most effective way to do it. every time we talk about systemic risk regulation, we are addressing the same question that was addressed during the depression. how do we find a way to have a certain kind of financial institution that can hold deposits, be safe, be secure, that we can put our paychecks in, write checks on, and how do

using locally appropriate mechanisms with community dialogues in northern india to achieve that. this brings me to one of the 4 big lessons we learned, this is the lesson in terms of advocacy. we are getting extremely good in the world of international health at national advocacy, the advocacy of rock stars and heads of state. but the reality is that will raise awareness of we're trying to do and raise resources for we are trying to do but will not necessarily get the children vaccinated. in the federal republic's where we are working, federated republics, we need to be operating at the sub national level and this is an area we are not very good at. if you look at where polio exists in india, 2 northern states, there are 2 achieve ministers who between them head what would be the sixth biggest country in the world if it was an independent country, a population of three hundred fifty million people. to engage with people like this, to affect change, you have got to advocate at a sub national level. we engage in the national level, rock stars worked at the national, international l

there is some concern that, you know, if a local broadcaster doesn't know the community who could possibly know the community? but again, i don't want to side track you on the issue. i think something that i can visit with you about and i'm anxious to do that. i would also like to hear some thoughts about economic growth in rural areas. i do think, maybe it's broadband and maybe it's sot other things we can do together to try to introduce, as a former mayor, it's different than creating a joeb in other areas. i want to put a strong endorsement for someone i hope will be your future colleague and that's commissioner mcdowell who will follow ewe. i just think the two of you have a great opportunity to work together. i find commissioner mcdowell to be bright, extremely fair, open minded. i think you can create a bond and a working relationship that kind of extends across the aisle like many of us do on this committee. i really encourage that in urgent -- looking at your resume, knowing him better than i actually know you at this point. i just think there's a tremendous amount of brain power t

we enable offices around the country to provide localization in community center, seep yor citizen center, local high schoo schools, and we really take a role in educating investors about the kinds of questions they need to ask when they're being offered investment products, about the kinds of scams and pitfalls that they need to be on the alert to. i'm very concerned given the current environment and the amount of money people have lost in their retirement plans and other investments they will be reaching to try to make that money back through some particularly risky investments. i have no doubt that the scam a artist have already figured this out. the sec can play a critical role here bringing together other agencies of the federal government but also on its own reaching out very directly as well as through the development of content to put on twwebsites and in investor forums. >> thank you. glad to hear it. >> chairman shapiro, you come into the sec, an agency that's been around for 75 years and probably come into it at a time when it's in an all-time low as far as both morale and effe