And that susan collins. Of the seven contested democratic seats six of those obama got 42 or less won all seven of them. The democrats have a historical problem in a geographical problem. This election is going to be allow president obama. Two factors that factor into that. One come in Midterm Elections are about the current state of the country. Going back to any Midterm Election in particular as i said historically speaking a Midterm Election of a second term president but also with harry reid essentially shutting down the senate, you dont have a lot of senators who have passed legislation. Mark begich has never had an amendment or a roll call vote on the senate floor. I want to say kay hagan has only 15 bills that she sponsored and cosponsored after signing the law. The sportsmans package last week was one of her First National initiatives. These candidates have fewer and fewer things to run on. They have to run on big National Priorities like obamacare so how is the president doing
Problems and what potential solutions might be to those problems. The quantitative easing, do you believe the unintended consequences of qe1, 2 and 3 with all the bond buying, that its forcing people into the stock markets creating this bubble . I think an environment of low Interest Rates in general, which have been promoted by our, both our keeping the federal funds rate at zero and additional by our purchases, low rates do have an incentive to push individuals to look for yield, to reach for yield. That is both a good thing and a bad thing. On the one hand, we need healthy risk taking in order to spur a recovery. And low Interest Rates, i think, have had a positive effect on helping the recovery, but of course we have to be careful about looking for situations where low rates may be incenting behavior that can be dangerous to Financial Stability. I particularly outlined in my remarks an area like leverage lending where we are seeing a marked deterioration in underwriting standards.
Ms. Tobias. Do you believe roe v. Wade should be overturned . I do. Thank you. Im sorry, the answer is, yes. I believe unborn children should be protected. Thank you. Senator graham . Senator graham. Thank you. Thank you very much, mr. Chairman. I want to thank you for having the hearing, because i think its an important topic, and i would like to join with ms. Tobias recommendation that we have a hearing on my bill which is the paincapable unborn Child Protection act, 1670, and have a joint vote on the senate floor and see where everybody falls out on it because its a subject worthy of debate. Lets see if we can find some Common Ground here about how all these laws work. Ms. Tobias, is it your understanding that 1670 would proprevent a ban prevent a ban on third trimester abortions that protect with exceptions for the life of the mother and rape and incest . 1670 . Yes excuse me, the other one. 1696. The one today . Yes, maam. Im sorry. Yes. This bill would limit, would prevent a ban
Thank you, mr. Chairman. Ms. Barra youve mentioned several times in your comments todays gm. So my assumption is that you are going to run gm in a different manner than it has been run in the past . And that thats correct. And you are making some changes. I want to ask you just a little bit about time line. Helping us to get our hands around this because this is the first investigation were going to do. Were going to have others. And continue to look at this to get answers and figure out what has happened here between you all and nhtsa, and also within what happened at gm. So you mentioned in your testimony that this came to light on your watch. So i am assuming that there was no widespread knowledge in gm about this issue until you became ceo. Am i correct on that . At the senior level of the company, we learned of this after the recall decision was made on january 31st. I was aware in lace debtber december there was analysis going on cobalt issue. But as soon as we understood the Sen
Override and to use this part even though it didnt meet specificication . Was that made at the manufacturing level, at the executive level or even at some subcomponent purchasing level . Do you know that . Thats part of our investigation to find the answer to that question. Thank you. Thank you, mr. Chairman. You can watch this entire hearing on our website, www. Cspan. Org. We invite your feedback on this issues bought Light Program on the gm recalls. Call this week, we will be focusing on president Lyndon Johnsons vision for a Great Society and its impact today. Join the conversation by calling us or sending us an email. You can also send us a tweet. A couple of live events to tell you about tomorrow here on cspan beginning with the Community Action are ship annual convention. Include Sister Simone campbell and the author of a nun on the bus. A discussion on the conflict between russia and ukraine. Family members of victims who gmsor were injured due to faulty car ignition switches h