David Schweikert: “To my friend from Tennessee, let's do the facts. Simple amendment because, without it, you have all decided to subsidize…”

“To my friend from Tennessee, let's do the facts. Simple amendment because, without it, you have all decided to subsidize the uber-wealthy in the world. Think about it. You have made a decision to use our import credit facility, our constituents' credit, to subsidize great wealth around the world. That is what you have decided to do here. I thought there was a battle here between the right and the left and the left always said, ``We are for the little guy.'' Here is your chance. If you want just some basic reforms that--are you thrilled with the concept of a sovereign wealth fund coming out of Indonesia? Malaysia? Others? We are going to guarantee the loan instruments on the back of our taxpayers. Come on. At some point, the argument is absurd saying: Well, you had a chance to do this last week. No, we didn't. You chose to do a closed rule. You did. You had every opportunity to do an open rule and give us the chance to put these actual reforms in. The Acting CHAIR. Members are reminded to address their remarks to the Chair.”