(2 Oct 2008)
POOL
1. Various of start of US House of Representatives session
2. SOUNDBITE (English) Sam Farr, Democrat Congressman, California:
"Mr Speaker, I rise to share the anger expressed by my constituents and the constituents of many members of Congress. Anger over the financial mess that we are in. Anger at Wall Street for the greed that got us there. Anger at the White House for the arrogance for asking Congress to authorise 700 billion dollars without any conditions. However the public should not be angry that Congress has tried to respond - not to the president's request - but to the public's need for checks and balances. We wrote an entirely new bill, the contents of which are on every member's website, it provides relief with checks and balances, oversight for taxpayer safeguards. It addresses obscene salaries and abusive golden parachutes. It is not a perfect bill but it is a responsible bill."
3. Wide of House floor
4. SOUNDBITE: (English) Joe Wilson, Republican Congressman, South Carolina: ++begins on shot 3++
"Mr Speaker the economic recovery bill we have before us does not include every free market idea I believe would improve it. But when the retirement savings of hard working Americans are threatened, when businesses start to fail, jobs begin to dry up or jobs of American tax payers are endangered - it is clear that the price of doing nothing far exceeds the price of what we are considering."
5. Wide of House floor
6. SOUNDBITE: (English) Marcy Kaptur, Democrat Congresswoman, Ohio: ++begins on shot 5++
"Mr Speaker, as the House approaches a vote on the Senate's Wall Street bailout bill, I urge caution to my colleagues. We need regular order, not panic. We want the right deal, not a fast deal."
AP Television
Washington, DC - 2 October 2008
7. Mid of anti-bailout bill protest
8. SOUNDBITE: (English) Radhika Miller, protester:
"Don't let Congress vote to give the executive branch of the government the absolute right to take our money. Don't let them give it to the banks. Tell them we want it used for us."
9. Close-up of sign reading: (English) "Stop Grand Theft Bailout"
10. Mid of protesters in costume
11. Close-up of protester in Treasury Secretary Henry Paulson costume
12. Wide of protesters
13. Back view of protesters, in front of Capitol Hill
STORYLINE
The US House of Representatives resumed debate on Thursday on the 700 (b) billion dollar financial rescue plan that President George W. Bush called the best chance to restore calm to the financial industry.
The House is scheduled to vote for a second time on the package on Friday.
The House's defeat of the bill on Monday shocked Wall Street and Washington and jolted international markets.
The result was a sweetened measure that the Senate approved on Wednesday night.
As the Thursday session opened, Democratic Representative Sam Farr acknowledged voters were angry but urged them not to be irate at Congress for trying to deal with the economic crisis.
"We wrote an entirely new bill, the contents of which are on every member's website, that provides relief with checks and balances, oversight for taxpayer safeguards. It addresses obscene salaries and abusive golden parachutes. It is not a perfect bill but it is a responsible bill," he said.
Republican Congressman Joe Wilson cautioned, "it is clear that the price of doing nothing far exceeds the price of what we are considering."
Representative Marcy Kaptur, an Ohio Democrat, told the House that she plans to vote 'no'.
Kaptur argued that the problem should be solved by the market itself, not through governmental intervention.
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