This News Conference is about 40 minutes. [inaudible conversations] good morning i. M. Proud to be joined by my colleagues today and we are expecting no one else. [laughter] how do you like that . And the people behind me are among the leading defenders of reforms put in place after the financial crisis many are architects of Consumer Protections we have today. But now these reforms are under attack as indicated republicans are looking for votes to repeal the of arbitration rule from the cftc so pass this is the equivalent of to get a get a jail free card to wells fargo and equifax. Principal they did terrible wrong and they want to prevent consumers from having rights to sue them . That is outrageous. Worse, it is a green light to wall street to be free to continue to not have consequences and put simply urging our colleagues to say no to the equifax or wells fargo or anyone else who did horrible financial misdeeds. There are two ways that repealing the cfpb rule would give legal immu
The speaker i dont know about you guys, pretty awesome being in the capitol today. I cant tell you, im a little emotionally pushed. It was really nice to see steve today. I dont think i can add much. But we are so grateful and so relieved to have Steve Scalise back. He is such a fighter and force of nature and that was before this ordeal, watching him fight through the struggles and do so well, we are in awe of this. And i tell you what, im in awe of his family, jennifer, harrison and madison, im in all of his family. We are so grateful. Our prayers are answered. Crystal and dave, they are amazing people who just completely stepped up, followed their training and through they threw their courage to the wind and we are really happy to have our friend back and , grateful to the people who made this possible. Later today, i will be up in pennsylvania just outside of philadelphia and im going to visit penn machine works. It is a small familyowned manufacturer, and they make . Pipe fittings
Years. That was the route to the american dream, whatever it was for families, go to college, buy a house. These trump projections, it will double and this has been painfully apparent in the labor market. We have had recovery for eight years and we have not seen anyone get a raise. We have seen anemic investment in the United States and we get repeated reminders that our companies would rather be headquartered somewhere else than the United States and all of this says to me the status quo is not working and we ought to try something different. I am open to something that is a growth oriented tax reform that will generally help the middle class. Nothing helps the middle class more than having an economy that generates jobs and a raise on a regular basis. Host when you think republicans talk about the middle class, those opposing the plan, who are you talking about . Was sort of range are you looking at . Guest the Median Income in the about 60,000,s so i am thinking about the to 50,000
Been a little bit slow out of the gates. Islandared the whole emergency situation, no electricity, no Running Water and the list goes on. You can see the images of people leaving the island, trying to get to the airport. It is a desperate situation. I just hope that it is not too ofe to prevent a deepening this humanitarian crisis, and a hope we are much faster to send troops down there to take control of distribution. Supplies seem to be there. It is a question of logistics. I think the only entity capable of taking control of the situation is the armed forces. Host those efforts ramping up quickly the last couple of days. The headline in the wall street journal front page, puerto rico eight trickles in. They ranked that the diploid a threestar general to puerto rico to oversee efforts. And the administration weighed the jones act to allow nonus ships to carry cargo to puerto rico and the Transportation Department said it was making 40 million immediately available to pay for road and
Puerto rico. Obviously you are in touch with people on the island. What are your biggest concerns as we speak this morning . Responses been a little slow out of the gates, so to speak. We should have declared the whole island in emergency situation with no electricity, half the households have running water, and you can see the images of people leaving the island in shifts, trying to get to the airport. It is a desperate situation. The army should have been sent a long time ago, and i hope it is not too late to prevent a deepening of this entire crisis. I just hope that we react much faster, we send the troops down ofre to take control distribution. Supply seems to be there, it is just a question of logistics. I think the only entity that is capable of taking control of that situation is really the army, the armed forces. Efforts ramping up quickly in the last couple of days in particular. The headline in the wall street journal front page puerto rico aid trickles in. Deployed a threes