E PL UR UM IB N U U S Congressional Record United States th of America PROCEEDINGS AND DEBATES OF THE 111 CONGRESS, SECOND SESSION Vol. 156 WASHINGTON, TUESDAY, DECEMBER 7, 2010 No. 160 House of Representatives The House met at 12:30 p.m. and was the founder of WikiLeaks, which I be- Don’t get me wrong, with our diverse called to order by the Speaker pro tem- lieve show exactly what he is—a ter- and storied neighborhoods, along with pore (Mr. FARR). rorist. Assange has spread across the our hardworking community-oriented f world an encrypted document which he families, the Derby City—hometown of claims has even more vital national se- the Louisville Lip, Muhammad Ali— DESIGNATION OF SPEAKER PRO crets that he is going to release. has long been a source of pride. Still, TEMPORE Assange calls this file his ‘‘insurance’’ few could have dreamed that it could The SPEAKER pro tempore laid be- file, and he has threatened to release be the world-class 21st century city it fore the House the following commu- this information if he is captured or if has become. nication from the Speaker: he is charged with any violation of law. Mayor Jerry dared not only to WASHINGTON, DC, Those, Mr. Speaker, are not the actions dream, he led the charge that made December 7, 2010. of a journalist. Those are the actions of that dream reality. In five terms as I hereby appoint the Honorable SAM FARR a terrorist. mayor, Jerry was a driving force in ex- to act as Speaker pro tempore on this day. Even President Clinton recently said panding and modernizing our airport NANCY PELOSI, that lives will be lost because of the re- Speaker of the House of Representatives. and transforming Louisville into an lease of this information. But still, Mr. international shipping hub by luring f Speaker, we still have not heard any- UPS and 23,000 jobs to our community. MORNING-HOUR DEBATE thing on this issue from our current His team’s investments in our commu- Commander in Chief, President Obama. nity have encouraged some of our Na- The SPEAKER pro tempore. Pursu- The silence from President Obama, our ant to the order of the House of Janu- tion’s largest companies—Ford, GE, Commander in Chief, is absolutely baf- Humana—to invest as well, creating ary 6, 2009, the Chair will now recog- fling. nize Members from lists submitted by thousands more quality jobs for our the majority and minority leaders for f residents. But during his tenure, Louis- morning-hour debate. HONORING LOUISVILLE’S MAYOR ville has also become a city of entre- The Chair will alternate recognition JERRY ABRAMSON preneurship, the Possibility City, a vi- between the parties, with each party The SPEAKER pro tempore. The brant, attractive place for startups to limited to 30 minutes and each Mem- Chair recognizes the gentleman from grow into thriving businesses. The once antagonistic relationship ber, other than the majority and mi- Kentucky (Mr. YARMUTH) for 5 min- nority leaders and the minority whip, utes. between the River City and the rest of limited to 5 minutes. Mr. YARMUTH. Mr. Speaker, there Kentucky now is limited to sporting f was a time, and it wasn’t too long ago, events, under his stewardship. In all that the gorgeous waterfront park in other facets, a partnership has grown, TIME TO CHARGE ASSANGE NOW my hometown of Louisville, Kentucky, from Pikeville to Paducah, in which The SPEAKER pro tempore. The was a junkyard. It was a time, just 25 Jerry’s Louisville works with Frank- Chair recognizes the gentlewoman from years ago, that if you found yourself in fort and 119 other counties for the bet- Michigan (Mrs. MILLER) for 2 minutes. our now thriving downtown after dark, terment of the entire Commonwealth Mrs. MILLER of Michigan. Mr. you were most likely either working of Kentucky. Speaker, since WikiLeaks has begun late or lost. This was a time, believe it But what will truly be the legacy of releasing American top secret informa- or not, that Louisville Slugger was in Mayor Jerry? How about a revitalized tion that it obtained illegally, there Indiana. downtown, which has been transformed has been a debate about how our Na- You can’t make this stuff up. into a vibrant and modern destination tion should respond to this. I believe No, these days, it’s hard to picture while remarkably retaining its historic that the actions of WikiLeaks provide Louisville before 1985, hard to believe character and preserving its architec- material support to our terrorist en- how much has changed in the last tural treasures; or in our park system, emies, so it should be treated as a ter- quarter century, hard to imagine Lou- which has grown and flourished like rorist organization. Others have argued isville without Mayor Jerry Abramson. never before, earning us the distinc- that WikiLeaks is simply a media or- Yet on January 3, 2011, that’s exactly tion, city of parks. It could be his com- ganization and, therefore, it is pro- what we’ll be when we say goodbye, mitment to Louisville’s low-income tected under the First Amendment. with gratitude, to the man for whom families. After all, in the last 15 years, Well, consider for a moment the most the title ‘‘Mayor for Life’’ proved just his administration has revolutionized recent statements by Julian Assange, a little too optimistic. the Federal HOPE VI program with b This symbol represents the time of day during the House proceedings, e.g., b 1407 is 2:07 p.m. Matter set in this typeface indicates words inserted or appended, rather than spoken, by a Member of the House on the floor. H8035 . VerDate Mar 15 2010 01:22 Dec 08, 2010 Jkt 099060 PO 00000 Frm 00001 Fmt 4634 Sfmt 0634 E:\CR\FM\A07DE7.000 H07DEPT1 jbell on DSKDVH8Z91PROD with HOUSE H8036 CONGRESSIONAL RECORD — HOUSE December 7, 2010 two of the most successful housing STATE OF THE ECONOMY: TARP same kind of quantitative easing, projects in the Nation. Maybe his leg- LIVES ON AND FED PRINTS spending around $1.7 trillion to take acy will be Metro Safe, which has im- MONEY bonds off the hands of banks. proved public safety in our neighbor- The SPEAKER pro tempore. The Quantitative easing is a dangerous hoods, or his Operation Brightside ini- Chair recognizes the gentleman from gamble, and in many ways is akin to tiative that has made those neighbor- Florida (Mr. STEARNS) for 5 minutes. the creation of simply another TARP hoods cleaner and greener, or the Mr. STEARNS. Mr. Speaker, the program, but without congressional ap- Hometown movement that has en- Treasury Department announced the proval and without transparency for hanced our community’s health. end of the TARP on October 3, 2010. American taxpayers. With this QE2, this second round of quantitative eas- I think you see where I am going Now, it may have marked the end of the Treasury Department’s authority ing, our Nation’s central bank will be- with this. With more accomplishments, to initiate new investments under the come the largest holder of the national victories, and advances for our entire Troubled Asset Relief Program, but in debt in the entire world. The Fed al- community than I have time to rattle reality, TARP is not dead. American ready holds $834 billion of treasuries, off today, Jerry Abramson’s legacy is taxpayers still face a daunting eco- and is on pace to have over $1 trillion Louisville. I am far from the only one nomic recovery, with the Federal Re- in treasuries by August 2011. That’s who thinks so. serve now downgrading their economic more than China, Japan, or any other Jerry has been named Local Public outlook for the United States economy foreign creditor. Official of the Year by Governing Mag- and predicting over 9 percent unem- The printing of new money as a way azine, Kentucky’s best civic leader a ployment through the end of next year to deal with our economic issues is just record five times, and one of the best as it simultaneously engages in a dan- as worrisome and misguided as the cre- and most dynamic mayors in the coun- gerous quantitative easing plan—a ation of the TARP program. The Fed’s QE2 plan could weaken the dollar fur- try. But if you know Jerry like I do, monetary policy used to increase the ther and lead to trade disputes with you know these aren’t the accolades money supply by simply buying up gov- other countries. It could lead bond that matter to Jerry. He cares about ernment securities—that could further traders to believe that inflation will the ones that named Louisville the damage our financial recovery. Mr. Speaker, let’s start with the run wild. And they could then them- Most Livable City in America, a top selves derail the Fed’s efforts by push- city for young people, one of the coun- troubling news about the TARP pro- gram. According to Neil Barofsky, the ing rates even higher. It could also cre- try’s best places to retire, one of the ate bubbles as hedge funds and other Nation’s safest cities, one of the best Special Inspector General of the TARP, which is called SIGTARP, the tax- speculators borrow cheaply and make cities to do business in—the list goes payer-funded bailout program ‘‘re- even bigger bets on stocks and com- on. mains very much alive.’’ In fact, Mr.