This guy is great!! I'm not thinking about the Dem's or the Repulican's, we have to listen to people like this and support them because they/he is fighting for us!! I've been a Libertarian all my voting life but I've just signed on with the Republican's so I can vote for Ron Paul in the Primary election and that will be a very critical election. So I'm not worried anymore about 'their labels' it's about who's out there fighting to save America because we are in deep shit !!
I've been saying for a long time now we need to have a computer programed with the Constitution as its heart rule over the entire nation! Get the human element out of the picture as humans are greedy, treacherous and dishonest!!
Use The Computer to weigh-in meticulously on all facets of government across the nation as well as dealing with each and every court case. No more special interests! No more lobbyists! No more voting fraud! No more waste! No more endless campaigning! NO MORE SCUMBAGS!!!
The Communist soul is the soul of Judaism.Hence it follows that,just as in the Russian revolution the triumph of Communism was the triumph of Judaism,so also in the triumph of fascism will triumph Judaism.
(A Program for the Jews and Humanity,Rabbi Harry Waton,p.143-144)
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
(The Jew,December 1925,Zinobit)
This book detail their plan for America,it is free on internet.
I shagged golf balls for rich people. I carried golf clubs for rich people, and I learned very early on, when I was pretty young, that this was a group of people that had nothing special to offer to me or to society. -DeFazio
These are our Great filthy rich greedy leaders, maybe if they hold us at ransom longer, they can get more money out of us and it will be enough for them, and then they can set us free. But I won't hold my breath
$1.5T is about $15000 per tax payer that actually pays tax in the US. We are about 100M tax payers. So republican's please explain to me how we are gonna keep cutting taxes while spending this much??
McCain makes no sense - just wants to buy you. Obama speaks reason. I personally is willing to pay 3% more if I see fiscal responsibility and sound investments by the government.
Another bill just passed $600B in defense spending!! How do you respond to this? The people of the USA should be outraged! 1.46 Trillion spent by Bush last week...and Congress rubber stamped it, while people lose their homes, their families, and their fundamental rights guaranteed by a constitution that has been destroyed by these same Bast#&*&$. How many more innocent people will 612 Billion kill? What are you going to do about this!!!
These are criminals, Thanks for posting. And think that Bush stood up with a straight face and asked to pass this quickly - is nothing but high treason against the American people.
Paulson lobbied for exemptions from the SEC leverage limits for Goldman and four other major investment banks in 2004 (as CEO of Goldman). This was one of the drivers of the current destruction - forty to one leverage on the housing boom, with the risk "covered" by "collateralized debt obligations" sold to unwitting "investors" the world over. It required the blind eye of the debt rating agencies to succeed.
all the "middle class" that has recently went on a frenzy investing in stocks, lose money. Wall Street keeps there companies, and their money. Tax payers pay, prices and taxes skyrocket, we pay again. Government gets money. we re-morgage what we cant aford, pay again,,, and again, and again,,,
Too bad it is not "you the people" who run anything in your illusional democracy. This bailout was going to be voted in at any cost. There woould be negotiations until it would be voted in, or was there a voting limit ? Nope. Hokus pokus, create money, create debt, create inflation. Why ? To save giant firms and their monopoly, after they have squeezed out record dividends for several years. It is not even marxism, just pure stupidity.
I love this guy. He should be president! Yes, I agree, mark it down, cap interest rates. Put a moratorium on penalties, and foreclosures for people losing their homes until we fix this mess. No BAILOUT to Greedy Banking Institutions who took advantage of the poor and uneducated.
so they rushed it through with scare tactics on the corporate 'news' which screamed about how a trillion was lost on the markets for the sake of 700 billion etc etc. Scare tactics yet again. But the fact is, if the stock is JUNK based on bad debt created to mask a greater problem, then the market needs to rid itself of the junk stock so that they can get about the 'business' of creating a 'sustainable' free market society.
The problem with out of control consumerism is that it isn't sustainable
The people hold ALL the power. The Government only has the power that they trick us into believing we owe them. The power in the pyramid is at the base of the pyramid, not at the top, the top needs the bottom to be where it is! The bottom is the strongest most foundational part. America is it's people, the government is of it's people, and I don't mean that figuratively, I mean literally it is the product of the people, and they can change it, and they will. Wake up America!
He tried to tell them how it was today but NOOOOO one listens !!!!! Cheers Man .. it IS BS and it stinks!! At least someone knows how to use common sense !!
peter defazio is one of my heroes; he's never been afraid to speak up! i'm proud to be an oregon democrat. lately though, i've actually been ashamed to be an american. corporatism is raping us, folks!
nah, it took the dems 10 years since the signing of the Gramm-Bliley-leach Act, the CRA and the overinflation while we have a trade deficit for the dems to get around with this. They were busy with environmental laws, nanny laws, war... not checks and balances. Don't rush the Dems! They had 10 years to get around to this. Folks, government is all about checks and balances. Where was Pelosi and others? They were in bed with Freddy Mac and Fannie Mae. Don't rush them.
I can tell you that we're not stupid. Instead we're a dumbed down MTV nation created by the government to distract us and dumb us down so that they can have their way with us and trick us. The last 19 year old assistant I had, had a brain the size of a peanut, she didn't know how find 15% of 195 until I had to show her 3x how to do it. In other words, our government is the one to blame, not its people. I don't blame you for saying that either. Instead, I blame your education system.
I htink the government should take all this money and divide it amond all the 200 miliong tax payers and we would all get like a 450,000 check after taxes it could be less like maybe 300,000 everyone could pay off there debt and be back at square one... Why should we reward people who are failed...
Rep Defazio is right on the mark. Wake up blue collar America, we're getting reamed once again by Congress and the elitists on Wall Street. We earn it they spend it and more. The US dollar can and will go in the toilet unless we act now to call, fax and email your local Representatives to say no to this economic fiasco. Let the irresponsible, greedy executives learn a lesson and have to live like average Joe. Take action now.
Paulson was with Goldman Sachs before licking the rectum of the Bush administration. I guess socialism was inevitable in the U.S., but I never expected its debut to be ushered in by the banking industry. By god - we don't need socialized medicine - No - Maybe we could put Cheney in charge of the medical system now. Hypocrisy central.
Never expected it? It happens all the time. S&L scandal, etc. Bankers and other true capitalists have no ideology, they are simply oligarchs. Capitalism has no ideology outside of economists and wankers who live in mom's basement.
I don't think we should be bailing out Wall Street or anybody else. What a joke. I had my own small business for 30 years and no one would have bailed my out had I made the mistakes these investment bankers have. Why should the American taxpayer be bailing out these people that knew the bubble would eventually burst!
By making it known on the afternoon of Sept. 18 that he had a bailout proposal, at precisely the moment when the financial system seemed to be tipping over the edge, Paulson bought the markets the most valuable commodity of all -- time.
Years from now, when we look back on the past week's events, we may conclude this was his real goal all along
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
LOL! I never see this kind of stuff even in USSR from 1917 to 1991 :) at first - seduce peoples by "Cheap lonas", than gamble with mortgages, grab the money, and ask all americans to pay for it. It's like to be raped and pay for rape investigation, according hypocritical Sarah Palin
And don't forget the most important words in the Bill:
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency"
This is against EVERYTHING basic principle the U.S. was founded.
Paulson and his buddies SHOULD BE TRIED FOR SEDITION!
Corrupt Wall Street and these insiders got us into this mess and are now seeking an easy fix that will only bail them out personally and their income. That is bullshit.
If you ask me, these folks should be tried for their scandels and the turmoil they have caused this country. Martha Stewart went to jail for very minimal corruption compared to these assholes. And now we have these shmucks doing 100 times that and trying to get bailed out?!!!!! What a joke this US economy has become.
Clearly, MAC is the kind of guy who will assure you he supports you, and as soon as you turn around, he will STAB YOU !! LESSON: NOBODY SHOUL TRUST MAC !!!!
cool, but doesn't matter, the government is gonna fold eventually and do this bailout. All this in part of deregulation of the housing industry from the help of Bush & Co to fund the f*cking illegal war in Iraq (which is costing over 500 billion) in addition, this election will probably go to McCain/Palin. So Sad, America is killing itself in international affair & nation building, too distracted by video games, Paris Hilton & Britney Spears.
In much the same way that the Bush Administration, sensing that the Bush/Kerry election would be close, came up with WMDs and the need to go into Iraq...to frighten voters into voting for them. Now, the Republicans have come up with this MONSTER lie...and McCain is going to milk it for all its worth, trying to show that he is better qualified than Mr. Obama.When could be a better time for them to debate THIS VERY ISSUE in a public forum.What has changed in the last 48 hours,other than the polls?
all this shit is designed to be this way, they are crashing the economy on purpose in order to take control later with the false excuse, wanting to fix everything-bullshit!!! people wake up!!!these are all steps to take over entirely the country. they expect an uprising so they can crack down martial law on you, cant you see it?!!! wake the fuck up!!!!
I just want to say thanks to Mr. DeFazio for mentioning what no one else has. the fact that this bill has NO oversight and literally has a line that says there can't even be judicial or congressional oversight! WTF! Literally if this passes we're simply giving away the money. Paulson is trying to sell us a bill of goods by making it seem so urgent and scarry. Not this time! Not like the PATRIOT act, Iraq war, WMD theory, Wiretapping, Overall gov't secrecy.... the list goes on and on.
Bernanke is scaring people by saying doing nothing will be worse than allowing the raping of the american tax payers, killing the dollar, letting criminals walk away with millions. This economy is going down regardless. $700B will be a reward to corruption.
I praise the courage that Peter has for speaking the truth about this Bail-Out Bill (The federal government giving authority to the Treasury to BORROW money from the, non-government, Federal Reserve, to buy up BAD BETS on LOANS, that someone couldn't afford to pay off!) but I can't believe we are considering this in the first place! We don't have the money to spend and any money spent will only add to a bottomless pit of DEBT (Money that must be earned by working-class people)!
Paulson is like that shady loan officer that hurries a family into sign those papers promising to get them out of a hole, while digging them deep into debt for the rest of their life.
If Wall Street mishandles funds and runs out, what are we to expect them to do with this next $700 billion? More of the same. Don't rush! This is one bill they need to READ. What's 3 pages?
if you are a republican watching this and agreeing with the rhetoric, now you see what everyone else has been fighting against in the last 8 years.
It's not just liberals that are fighting this, independants as well. Wall Street and the big corps have been looting our treasury for 8 years and they want to go out with a bang with this $700 billion bailout. Hell No!!!!
I oppose this bailout with Defazio -- great speech.
It would be far better for the country (and world) to weather this storm and find a credit system that works than to bailout these corporate flunkies.
There should be riots all over the USA right now. It's wierd how all this is going down while they sit in their houses built of paper cards as if nothing is happening
Your future has been stolen right in front of your eyes and you are trying to be a smart ass?. These thieves are running to other countries with your money and future. Grats moron.
This video, or more specifically the view count which stands at 3,765, is an indicator that despite the end of the financial world being at hand America is still asleep.
Aye, what an idiot, so melodramatic. I really hate politicians. While I Agree with what he says, Dictator Bush and his regime has already made up their minds and nothing will change it.
Well, he gets up a good head of steam there, but he doesn't even consider NOT bailing them out. Sorry, but the federal government should not be in the business of propping up businesses that make bad decisions.
Exactly. I want DeFazio (my congressman) to take a stand AGAINST doing this. DeFazio was AGAINST impeaching Bush & Cheney, and it is Bush & Cheney who are behind this bailout, so, I guess, thanks for doing your part to keep these guys in office, Pete.
The comparison to the rush into Iraq is compelling. Could this legacy from the current administration persist into the next several decades despite a change in regime next year? Truly we need to recognize the significance of this for our children.
Hopefully we'll have Jeff Merkley in the Senate soon, too, and Gordon "Hired illegal immigrants and voted with Bush 90% of the time" Smith will be GONE DADDY GONE!
Spot on! We need a thoughtful plan. I'll be damned if I'm going to have my taxes used without any oversight by an imperial executive. Call your representatives and senators and tell them what you think!
Finally, the Democratic leadership and legislators are finding a voice to call "bulls***" on the Bush team's power grab. Huzzah for Representative DeFazio - you did your constituents and the people of the United States proud today, sir!
These guys better be careful what they pass. Holy Sh*t the people are pissed out there. Have you read some of the blogs or cnn money. Wow, I'm worried about what the people are going to do if this passes.
I'm more worried that the people WON'T revolt. We need the rich and powerful class to understand that THIS IS AMERICA and they're only welcome to stay if they follow our mother effing Constitution. If not, they can go play in the sandbox of Saudi Arabia.
We have to wait and see what the final legislation says. Finally the Dems and Reps are both outraged over this. We'll see what they pass though. Right now Paulson wants a power grab to rip off the taxpayer. I can't wait until the Bush regime is gone. Did you watch Cspan today? The Banking committee? Go watch, good TV. Both parties are saying....WAIT JUST A MINUTE HERE DICTATOR PAULSON. :)
@dknelson,
Agree with your first sentence. Your second sentence however is incorrect.
NathanHowardPortland 3 months ago
Defazio 2012!!!!
drstench 5 months ago 3
This guy is great!! I'm not thinking about the Dem's or the Repulican's, we have to listen to people like this and support them because they/he is fighting for us!! I've been a Libertarian all my voting life but I've just signed on with the Republican's so I can vote for Ron Paul in the Primary election and that will be a very critical election. So I'm not worried anymore about 'their labels' it's about who's out there fighting to save America because we are in deep shit !!
TheHooDooQueen 8 months ago
I like this guy; however; any Wise Democrat, would be a republican on principal.
badalice07 11 months ago
I've been saying for a long time now we need to have a computer programed with the Constitution as its heart rule over the entire nation! Get the human element out of the picture as humans are greedy, treacherous and dishonest!!
Use The Computer to weigh-in meticulously on all facets of government across the nation as well as dealing with each and every court case. No more special interests! No more lobbyists! No more voting fraud! No more waste! No more endless campaigning! NO MORE SCUMBAGS!!!
guyNbluejeans 11 months ago
This has been flagged as spam show
The Communist soul is the soul of Judaism.Hence it follows that,just as in the Russian revolution the triumph of Communism was the triumph of Judaism,so also in the triumph of fascism will triumph Judaism.
(A Program for the Jews and Humanity,Rabbi Harry Waton,p.143-144)
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
(The Jew,December 1925,Zinobit)
This book detail their plan for America,it is free on internet.
Who Is Esau-Edom.
MsMihailescu 1 year ago
at the end there the answer to those questions is MARY J BBY!!!!!
raptor1267 1 year ago
I shagged golf balls for rich people. I carried golf clubs for rich people, and I learned very early on, when I was pretty young, that this was a group of people that had nothing special to offer to me or to society. -DeFazio
work4aliving1 2 years ago 3
DeFlakio
Just another bum IMO
Nationsnotregimes 2 years ago
Yeah Pete!
Oregon's got good reason to be proud of its congressional contingent. Thank god we lost the execrable Gordon Smith.
deaddrift5432 2 years ago
respect to this man
unutilized 2 years ago
Comment removed
ejjm1 2 years ago
i hope this guy is still alive...
lisajason111 2 years ago
Why isn't he president?
FaaarLeft 3 years ago
He is'nt president because obama is cooler.
JayAre561 2 years ago
we're so screwed.
mindrapeart 3 years ago 3
This has been flagged as spam show
These are our Great filthy rich greedy leaders, maybe if they hold us at ransom longer, they can get more money out of us and it will be enough for them, and then they can set us free. But I won't hold my breath
How great they are.
NearingZero 3 years ago
let the prices come down!!!
jakejakewhat 3 years ago
$1.5T is about $15000 per tax payer that actually pays tax in the US. We are about 100M tax payers. So republican's please explain to me how we are gonna keep cutting taxes while spending this much??
McCain makes no sense - just wants to buy you. Obama speaks reason. I personally is willing to pay 3% more if I see fiscal responsibility and sound investments by the government.
manon99zippy 3 years ago
Another bill just passed $600B in defense spending!! How do you respond to this? The people of the USA should be outraged! 1.46 Trillion spent by Bush last week...and Congress rubber stamped it, while people lose their homes, their families, and their fundamental rights guaranteed by a constitution that has been destroyed by these same Bast#&*&$. How many more innocent people will 612 Billion kill? What are you going to do about this!!!
manon99zippy 3 years ago 4
These are criminals, Thanks for posting. And think that Bush stood up with a straight face and asked to pass this quickly - is nothing but high treason against the American people.
It's amazing how this country is coming apart.
manon99zippy 3 years ago
Paulson lobbied for exemptions from the SEC leverage limits for Goldman and four other major investment banks in 2004 (as CEO of Goldman). This was one of the drivers of the current destruction - forty to one leverage on the housing boom, with the risk "covered" by "collateralized debt obligations" sold to unwitting "investors" the world over. It required the blind eye of the debt rating agencies to succeed.
TYX91101 3 years ago
Watch this video called:
The federal reserve caused the 700 billion dollar bailout and economic crash
Help your Country - Please SPREAD THIS VIDEO AROUND
GET A LIST OF THOSE WHO VOTED FOR THE BAILOUT AND VOTE THEM OUT!
rocksiphone 3 years ago 2
Have a look at the facist symbols in the background at 6sec either side of the American flag
preyator 3 years ago
@preyator the fasces isn´t a fascist symbol. it´s also in the national emblem of france
AyaxTelemonio 6 months ago
all the "middle class" that has recently went on a frenzy investing in stocks, lose money. Wall Street keeps there companies, and their money. Tax payers pay, prices and taxes skyrocket, we pay again. Government gets money. we re-morgage what we cant aford, pay again,,, and again, and again,,,
IT'S A FAILING SYSTEM!!!!
BAIL OUT ALLTOGETHER !!!!!
crashoppe 3 years ago
guess noone listened to him then.
talkingdogbackwards 3 years ago 2
Too bad it is not "you the people" who run anything in your illusional democracy. This bailout was going to be voted in at any cost. There woould be negotiations until it would be voted in, or was there a voting limit ? Nope. Hokus pokus, create money, create debt, create inflation. Why ? To save giant firms and their monopoly, after they have squeezed out record dividends for several years. It is not even marxism, just pure stupidity.
ZeAwakening 3 years ago
I love this guy. He should be president! Yes, I agree, mark it down, cap interest rates. Put a moratorium on penalties, and foreclosures for people losing their homes until we fix this mess. No BAILOUT to Greedy Banking Institutions who took advantage of the poor and uneducated.
JNStMarks 3 years ago 3
so they rushed it through with scare tactics on the corporate 'news' which screamed about how a trillion was lost on the markets for the sake of 700 billion etc etc. Scare tactics yet again. But the fact is, if the stock is JUNK based on bad debt created to mask a greater problem, then the market needs to rid itself of the junk stock so that they can get about the 'business' of creating a 'sustainable' free market society.
The problem with out of control consumerism is that it isn't sustainable
ejbh3160 3 years ago
everything is fucked up! we are all stuffed.. NWO.. CASHLESS SOCIETY... DEPOPULATION...they are laughing at us..
teganjames 3 years ago
Fantastic speech. Thanks for posting this! So true! Exactly right!
TheGoodnessIsGood 3 years ago
The people hold ALL the power. The Government only has the power that they trick us into believing we owe them. The power in the pyramid is at the base of the pyramid, not at the top, the top needs the bottom to be where it is! The bottom is the strongest most foundational part. America is it's people, the government is of it's people, and I don't mean that figuratively, I mean literally it is the product of the people, and they can change it, and they will. Wake up America!
TheGoodnessIsGood 3 years ago
He tried to tell them how it was today but NOOOOO one listens !!!!! Cheers Man .. it IS BS and it stinks!! At least someone knows how to use common sense !!
MsIllusionista 3 years ago
Bravo. Hope the House actually listens.
mezzodolce 3 years ago
yah man! the sad part is theres nothing we can do or I should say will do the future doesnt look so good and its not an accident.
check out ( SECRET NASA ALIEN UFO NEW WORLD ORDER )
REAL4LIFE8 3 years ago
Good man.
fonna 3 years ago
amen!
betsyvirginia1 3 years ago
Bravo! well said!
What a refresher to see a man with true grit and integrity...keep saying it for us!
Mayerling52 3 years ago
This has been flagged as spam show
Tell Everyone to watch this video called: Paulson Bernanke 700 Billion J.P. Morgan Bailout
Call Washington DC and tell them NO BAILOUTS!
Send your Mortgage Bill to your Senator and ask him to BAIL YOU OUT!
The first Bailout was just to Test the Waters. Tomorrow they will offer you a little less Poop and some Sweet Jelly.
rocksiphone 3 years ago
Koodos!!!! 3 thumbs up man!!!! Bravo!!!!
germanorion 3 years ago
This has been flagged as spam show
see my last 3 videos on the bailout, on my channel, watch?v=3_URZ9kCz2Y - watch?v=k_wRNvpOhqA - watch?v=9ay3yhpaMD4
lets keep up the pressure to stop the bailout bill!
BUT REMEMBER the Fed is spending billions daily under its existing powers - we need to stop that too!
NO MORE MONEY FOR FAILED BANKS ***UNLESS*** WE GET CONTROL OF THEM - yeah, we need a banking system - one that serves people, not profits!
If you like my videos, please rate, comment, favorite, share - and subscribe:)
cnewq5 3 years ago
boo yah!!!
well said. this bailout is bullshit.
zachslow 3 years ago
yes, cure the cause and just not the symptoms.
but it better be done quick, or it will be 1929 again.
zaqmlp1234 3 years ago
this man is sincere and he hits it on the nail. charge on! forget the bailout and let the chips fall.
1ray1zak 3 years ago
peter defazio is one of my heroes; he's never been afraid to speak up! i'm proud to be an oregon democrat. lately though, i've actually been ashamed to be an american. corporatism is raping us, folks!
sheetsy 3 years ago 2
Wow. I like this man. Stand up for us bro!
PrisonerOfTheCube 3 years ago 3
good man. international applause!
hobmcd 3 years ago 4
It's about time someone speaks with some sense in that building.
ryanexpress34 3 years ago 2
wow i've rated this and it still stayed still man i hate censoring
nebyou 3 years ago 2
This congressman is ready for Americans to hear the TRUTH about their government cheating them.
OnenessNow 3 years ago 16
Is the view counter on this going to be "stuck" at 33,029 for the next week-even with 100,000 hits? lIke Rep whats her name was?
Youtube is trying to contrrol the news you see
censorship
gennx30 3 years ago 2
Bravo! Where's the standing ovation, besides me? Awesome.
LizziE61550 3 years ago 4
See My video, "Why $700 billion, cut to 666 Billion."
GoTimothy 3 years ago
Defazio- I LOVE YOU!!!
7bb7b 3 years ago
nah, it took the dems 10 years since the signing of the Gramm-Bliley-leach Act, the CRA and the overinflation while we have a trade deficit for the dems to get around with this. They were busy with environmental laws, nanny laws, war... not checks and balances. Don't rush the Dems! They had 10 years to get around to this. Folks, government is all about checks and balances. Where was Pelosi and others? They were in bed with Freddy Mac and Fannie Mae. Don't rush them.
therealcaptobvious 3 years ago
Right on!
Why couldn't we have this guy run for president?
Apparently the cream doesn't always make it to the top in this meritocracy.
More proof that this system of government is not as good as it's advertised.
TheEditorialist 3 years ago 2
Your "representatives" will roll over, and guess what?
You'll re-elect them again.
Because you're stupid stupid Americans.
fuzzywzhe 3 years ago 4
I can tell you that we're not stupid. Instead we're a dumbed down MTV nation created by the government to distract us and dumb us down so that they can have their way with us and trick us. The last 19 year old assistant I had, had a brain the size of a peanut, she didn't know how find 15% of 195 until I had to show her 3x how to do it. In other words, our government is the one to blame, not its people. I don't blame you for saying that either. Instead, I blame your education system.
xMasterQueefx 3 years ago
> I can tell you that we're not stupid. Instead
> we're a dumbed down MTV nation created by the
> government to distract us and dumb us down so
> that they can have their way with us and trick
> us.
MTV isn't created by the government.
Television is a drug, and with this drug, you are completely controlled. It dictates who to vote for, what to buy, how to act.
And you can't give it up either.
The millenials might. Some in X and Y did.
fuzzywzhe 3 years ago 2
awesome speech!
im2layze 3 years ago
Never thought I'd agree with a Dem, but I like what this guy has to say!
dknelson 3 years ago 9
We are a diverse group!
floatingcapital 3 years ago 4
@dknelson He's a Dem, but definitely marches to the beat of his own drummer. A lot of people in his own party don't like him and want him to shut up.
zenmachinefilms 6 months ago
I htink the government should take all this money and divide it amond all the 200 miliong tax payers and we would all get like a 450,000 check after taxes it could be less like maybe 300,000 everyone could pay off there debt and be back at square one... Why should we reward people who are failed...
Takencxp 3 years ago
Rep Defazio is right on the mark. Wake up blue collar America, we're getting reamed once again by Congress and the elitists on Wall Street. We earn it they spend it and more. The US dollar can and will go in the toilet unless we act now to call, fax and email your local Representatives to say no to this economic fiasco. Let the irresponsible, greedy executives learn a lesson and have to live like average Joe. Take action now.
uglefukr 3 years ago
Defazio is da man. I vote for him for President. Paulson got too much conflict of interest.
iamcroakgunk 3 years ago
Defazio strongly supports the war against Iraq, which is part of the financial troubles.
This guy is simply trying to buy himself a new virginity by giving a speech in front of an empty house.
He is doing that for the show and gullibles are eating up the hook.
That is the way it is.
TheCZMan 3 years ago
Robbing Peter to pay Paul....son.
goedeck1 3 years ago
Fuckin idiot. Id like to see congress not pass this bill. Morons
trlkidd 3 years ago
wat a bad ass!!!
regofletcher 3 years ago
Keep up the good fight Rep. Defazio!
superslydotcom 3 years ago
Absolutely true.
felicity5150 3 years ago
This guy's the man!
Cheice 3 years ago
Paulson was with Goldman Sachs before licking the rectum of the Bush administration. I guess socialism was inevitable in the U.S., but I never expected its debut to be ushered in by the banking industry. By god - we don't need socialized medicine - No - Maybe we could put Cheney in charge of the medical system now. Hypocrisy central.
kipptumor 3 years ago
Never expected it? It happens all the time. S&L scandal, etc. Bankers and other true capitalists have no ideology, they are simply oligarchs. Capitalism has no ideology outside of economists and wankers who live in mom's basement.
kellnola 3 years ago
YOU DAMN RIGHT!!!
buckwildhoes 3 years ago
I don't think we should be bailing out Wall Street or anybody else. What a joke. I had my own small business for 30 years and no one would have bailed my out had I made the mistakes these investment bankers have. Why should the American taxpayer be bailing out these people that knew the bubble would eventually burst!
czubspenx 3 years ago
"We should not be rolled."
I love it! He's a Rick Astley fan!
CyrisAeon 3 years ago
Not enough swearing for my taste, but spot on.
dion1tj 3 years ago
He said "heinie holes" at 4:11 hehehe.
secretraygun 3 years ago
LOL!!!!!!!!!!!!!!!
gjmvi 3 years ago
By making it known on the afternoon of Sept. 18 that he had a bailout proposal, at precisely the moment when the financial system seemed to be tipping over the edge, Paulson bought the markets the most valuable commodity of all -- time.
Years from now, when we look back on the past week's events, we may conclude this was his real goal all along
Suckers get punked
KEYOTWISTEDJOKER 3 years ago
Who hired him and why is the senate even taking this proposal serious????
manon99zippy 3 years ago
manon99zippy "Who hired him and why is the senate even taking this proposal serious????"
LOL... don't you see the KEY? :) It's not like "Someone in Government hired him" It's more like He fired "Government" :))))
SergeSmArt 3 years ago
Fuck yeah.. this makes me want to watch C-Span more often
rgaya 3 years ago
Holy shit he rocked. And right on the money at 5 minutes too.
tehkao 3 years ago
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
LOL! I never see this kind of stuff even in USSR from 1917 to 1991 :) at first - seduce peoples by "Cheap lonas", than gamble with mortgages, grab the money, and ask all americans to pay for it. It's like to be raped and pay for rape investigation, according hypocritical Sarah Palin
you are RAPED!
SergeSmArt 3 years ago
DeFaziowned.
wolfsleepy 3 years ago
Go DeFazio! Woo! Thank you!
anti2501 3 years ago
Bush is Communism.
Joeey 3 years ago
GUESS WHAT...if Republicans were in control of congress RIGHT NOW, this deal woulda already been done.
We'D BE SO RIDICULOUSLY FUCKED.
whitecollarcriminal 3 years ago
And don't forget the most important words in the Bill:
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency"
This is against EVERYTHING basic principle the U.S. was founded.
Paulson and his buddies SHOULD BE TRIED FOR SEDITION!
Robogida 3 years ago
stick it to 'em!
batgirl791 3 years ago
We should be rushing to get the "treason trials" going. The corrupt scoundrels need their day in court.
midwestcharm 3 years ago 3
I hear that shit. They need their day with the hangman's noose also.
pwg357 3 years ago
Hell yes. At least someone is saying it.
desolatemetropolis 3 years ago 4
Rock on.
I hope they realize that we are THIS CLOSE to revolution. Enough is enough.
thudmother 3 years ago 4
Corrupt Wall Street and these insiders got us into this mess and are now seeking an easy fix that will only bail them out personally and their income. That is bullshit.
If you ask me, these folks should be tried for their scandels and the turmoil they have caused this country. Martha Stewart went to jail for very minimal corruption compared to these assholes. And now we have these shmucks doing 100 times that and trying to get bailed out?!!!!! What a joke this US economy has become.
ckhadivi 3 years ago
DEAD ON.
Ambushcrysis 3 years ago
You are absolutly right,Mr.Defazio!
shiddy67 3 years ago
This guy gets it. Bernanke and Paulson have proven to be inept.
There are better solutions out there. Sweden had very close to the same problem in 1992, but they came through.
Taxpayers should get equity stakes like Defazio says, or even better, an instrument that is senior even to the bondholders.
luncalsari 3 years ago 2
Rushing things is the way to go, just look at these great examples:
- Installing an accusation system to kill of the bourgeoisie after French revolution
- Europe giving Palestinians country away to the Jews out of guilt for the holocaust
- Invading Iraq out of frustration for a non-related terrorist attack on US soil
Acting fast and though is great stuff in Hollywood movies but in the real world the results can be terrible for years to come...
perer005 3 years ago 2
This has been flagged as spam show
*** OPPORTUNISTIC MAC ***
Facts:8:30 am Obama ask MAC to make a United statement about the crisis
2:30 pm MAC calls back Obama to say he agrees
3:00 pm MAC makes Unexpected Announcement where he "unilaterally" have decided to postpone debate and "invites" Obama to join him.
4:30 pm Obama declares debate should stay.
Clearly, MAC is the kind of guy who will assure you he supports you, and as soon as you turn around, he will STAB YOU !! LESSON: NOBODY SHOUL TRUST MAC !!!!
honestlycorrect 3 years ago
Nice one!
Why does it always feel like speakers in the house of representatives are addressing an empty chamber?
Either the chamber is empty, or the camera work is shitty and American politicians are all asleep in their chairs.
Shtove 3 years ago
i would like 700 billion dollars for my plans for world domination too
jeepndesert 3 years ago
fantastic!!!!!!
jparfitt9 3 years ago
Amen!
PortlandModest 3 years ago 2
Rep. Defazio, here! here!
kleric214 3 years ago 3
cool, but doesn't matter, the government is gonna fold eventually and do this bailout. All this in part of deregulation of the housing industry from the help of Bush & Co to fund the f*cking illegal war in Iraq (which is costing over 500 billion) in addition, this election will probably go to McCain/Palin. So Sad, America is killing itself in international affair & nation building, too distracted by video games, Paris Hilton & Britney Spears.
pjkmik76 3 years ago
In much the same way that the Bush Administration, sensing that the Bush/Kerry election would be close, came up with WMDs and the need to go into Iraq...to frighten voters into voting for them. Now, the Republicans have come up with this MONSTER lie...and McCain is going to milk it for all its worth, trying to show that he is better qualified than Mr. Obama.When could be a better time for them to debate THIS VERY ISSUE in a public forum.What has changed in the last 48 hours,other than the polls?
truesttest 3 years ago
Oregon! Fuck yeah!
SatansSpatula 3 years ago
all this shit is designed to be this way, they are crashing the economy on purpose in order to take control later with the false excuse, wanting to fix everything-bullshit!!! people wake up!!!these are all steps to take over entirely the country. they expect an uprising so they can crack down martial law on you, cant you see it?!!! wake the fuck up!!!!
wdcsucks1 3 years ago
Amen. $700 is almost the size of the Pentagon's budget.
jvatl 3 years ago
It is the networth of paulson himself... Let him take a shot in the mouth for once.
ninaground 3 years ago
Right on!
WesNowBetter 3 years ago
he z good
RomeoMD25 3 years ago
I just want to say thanks to Mr. DeFazio for mentioning what no one else has. the fact that this bill has NO oversight and literally has a line that says there can't even be judicial or congressional oversight! WTF! Literally if this passes we're simply giving away the money. Paulson is trying to sell us a bill of goods by making it seem so urgent and scarry. Not this time! Not like the PATRIOT act, Iraq war, WMD theory, Wiretapping, Overall gov't secrecy.... the list goes on and on.
LucidGoo 3 years ago 3
A well reasoned and accurate response. This bailout is typical Bush BS...
miteehigh 3 years ago 3
Bravo, bravo, bravo. I feel like moving to this guy's district just for the privilege of voting for him next time around.
oskarhavering 3 years ago 2
awesome speech!
mattgotballz 3 years ago
Bernanke is scaring people by saying doing nothing will be worse than allowing the raping of the american tax payers, killing the dollar, letting criminals walk away with millions. This economy is going down regardless. $700B will be a reward to corruption.
eekdog2005 3 years ago 3
loser. you can do dipshit about it. paulson always GETS WHAT HE WANTS. SUCK IT UP BOZOS
grabmail 3 years ago
Sept. 24, 2008 @ 2:14pm - count 3765 please comment with count and time
TinaToaster 3 years ago
And the Time Zone:
2:14am on the East Coast
11:14am on the West Coast
OzStone 3 years ago
I praise the courage that Peter has for speaking the truth about this Bail-Out Bill (The federal government giving authority to the Treasury to BORROW money from the, non-government, Federal Reserve, to buy up BAD BETS on LOANS, that someone couldn't afford to pay off!) but I can't believe we are considering this in the first place! We don't have the money to spend and any money spent will only add to a bottomless pit of DEBT (Money that must be earned by working-class people)!
NO BAIL-OUT!
nvsyru 3 years ago
Paulson is like that shady loan officer that hurries a family into sign those papers promising to get them out of a hole, while digging them deep into debt for the rest of their life.
That family, is America.
yabrau 3 years ago 2
That is pure gold sir! Now I know why Alex Jones interviewed him. A real patriot. This is one of the good guys the very few good guys in Congress.
WTC7WasPulled 3 years ago 2
If Wall Street mishandles funds and runs out, what are we to expect them to do with this next $700 billion? More of the same. Don't rush! This is one bill they need to READ. What's 3 pages?
stretchforthnconquer 3 years ago
We must stop this MADDNESS!
Fortunately my Republican Representative STRONGLY OPPOSES this nonsense!
Don't Rush! DON'T RUSH!
We're talking about $700 Billion!
When I'm spending big money on something -- I GIVE IT CAREFUL CONSIDERATION!
DillonX 3 years ago
bla bla bla. you cannot do anything about it. paulson will get your money. whether you like it or not.
that's life for you sucker.
grabmail 3 years ago
Yup, view count is frozen at 3765 and has been for at least the last hour.
frbiwaftt 3 years ago 2
If this goes through, it's a COUP
A complete sacking of the American people by corporate interests
InuvikPhil 3 years ago 3
if you are a republican watching this and agreeing with the rhetoric, now you see what everyone else has been fighting against in the last 8 years.
It's not just liberals that are fighting this, independants as well. Wall Street and the big corps have been looting our treasury for 8 years and they want to go out with a bang with this $700 billion bailout. Hell No!!!!
uclaztec2 3 years ago 6
One idea which no one seeems to have considered is to trick them by giving them 700 billion, but in Zimbabwean dollars. They won't be expecting that.
miltytube 3 years ago
count is frozen there for me too.. perhaps a conspiracy so that it doesnt get to the top-rated and hit the front page? very interesting....
justlynnaedammit 3 years ago 3
Interesting, the count is frozen for us too... I've read that YouTube has been censoring video's but if this is true, god help us...
cjd2112 3 years ago 2
youtube frequently takes hours to update their numbers, particularly if the video is highly viewed.
elgaucho565 3 years ago
rabble rabble
thenewgray 3 years ago
I oppose this bailout with Defazio -- great speech.
It would be far better for the country (and world) to weather this storm and find a credit system that works than to bailout these corporate flunkies.
csmaca 3 years ago 2
clap clap clap
NetoSilveira 3 years ago
hell yes
dscho002 3 years ago
There should be riots all over the USA right now. It's wierd how all this is going down while they sit in their houses built of paper cards as if nothing is happening
Salsien 3 years ago
And I'm sure you're on the streets with your pitchfork already?
Gingerichsauce 3 years ago
Your future has been stolen right in front of your eyes and you are trying to be a smart ass?. These thieves are running to other countries with your money and future. Grats moron.
Salsien 3 years ago 3
DeFazio is exactly right. I want to send a transcript of this to my representative, in case he was sleeping through this.
opalinesky 3 years ago
This video, or more specifically the view count which stands at 3,765, is an indicator that despite the end of the financial world being at hand America is still asleep.
mihoda 3 years ago 2
I'm sure that view count has been frozen. Because when I started viewing this 25 minutes or so after your comment, it was at the same number...hrm...
Xenius101 3 years ago
Sounds pretty much like a dictatorship proposal to me. This is such a joke!
LiquidMetalBand 3 years ago
Aye, what an idiot, so melodramatic. I really hate politicians. While I Agree with what he says, Dictator Bush and his regime has already made up their minds and nothing will change it.
floridaskater07 3 years ago
defazio FTW!!!!
jannonymous 3 years ago
Excellent work! Thank you Mr. DeFazio! I'm not in your district, but if I were, you'd have my vote.
endurablegoods 3 years ago 4
It's a good thing we have this DeFazio!! These guys are trying to pull a fast one on the American people AGAIN!!! Not this time!!!
TheWayISeeIt1982 3 years ago 4
Rep. DeFazio is calling it straight. Good to know he's in the House.
captbobalou 3 years ago
That was a great speech. All he was asking for was for this to be an informed intelligent decision.
If Obama made that speech on national tv he would get 90% of the votes on election day.
macrumpton 3 years ago
Well, he gets up a good head of steam there, but he doesn't even consider NOT bailing them out. Sorry, but the federal government should not be in the business of propping up businesses that make bad decisions.
-jcr
NSResponder 3 years ago 2
You're exactly right, I wish someone would tell that moron Bush this. He's DEAD SET on bailing those morons out.
jedus1 3 years ago
Exactly. I want DeFazio (my congressman) to take a stand AGAINST doing this. DeFazio was AGAINST impeaching Bush & Cheney, and it is Bush & Cheney who are behind this bailout, so, I guess, thanks for doing your part to keep these guys in office, Pete.
vwtch 3 years ago
The argument seems to be that it is a life or death situation, so they pretty much have to, in order to avoid a severe collapse.
Anybody has details on this?
Oceanos 3 years ago
big oil, financial services ... we never had a chance at the american dream ... it's locked down by the wealthy who control it in their name
photopicker 3 years ago
it looks like the "American Dream" was the scam, you guys never had a chance :-(
xavster 3 years ago
The comparison to the rush into Iraq is compelling. Could this legacy from the current administration persist into the next several decades despite a change in regime next year? Truly we need to recognize the significance of this for our children.
bobridley1945 3 years ago 2
damn why aren't there more congressmen like this?
proverb124 3 years ago 6
O R E G O N !
Hopefully we'll have Jeff Merkley in the Senate soon, too, and Gordon "Hired illegal immigrants and voted with Bush 90% of the time" Smith will be GONE DADDY GONE!
pyenapple 3 years ago 2
Spot on! We need a thoughtful plan. I'll be damned if I'm going to have my taxes used without any oversight by an imperial executive. Call your representatives and senators and tell them what you think!
crlinder 3 years ago 7
Finally, the Democratic leadership and legislators are finding a voice to call "bulls***" on the Bush team's power grab. Huzzah for Representative DeFazio - you did your constituents and the people of the United States proud today, sir!
frisco0303 3 years ago 8
It is too late. Wall Street has taken over our government. We have a new economic dictatorship and we are now serfs. The shit just hit the fan.
davidchenard 3 years ago 5
These guys better be careful what they pass. Holy Sh*t the people are pissed out there. Have you read some of the blogs or cnn money. Wow, I'm worried about what the people are going to do if this passes.
monymizer 3 years ago 5
I'm more worried that the people WON'T revolt. We need the rich and powerful class to understand that THIS IS AMERICA and they're only welcome to stay if they follow our mother effing Constitution. If not, they can go play in the sandbox of Saudi Arabia.
pyenapple 3 years ago 2
We have to wait and see what the final legislation says. Finally the Dems and Reps are both outraged over this. We'll see what they pass though. Right now Paulson wants a power grab to rip off the taxpayer. I can't wait until the Bush regime is gone. Did you watch Cspan today? The Banking committee? Go watch, good TV. Both parties are saying....WAIT JUST A MINUTE HERE DICTATOR PAULSON. :)
monymizer 3 years ago
You rule, my friend. Keep up the good work. I'm going to go watch th' C-SPAN right now. :)
pyenapple 3 years ago