Political Quotes

Lynn A. Westmoreland: “I thank you for saying that because that's exactly true, and the petition is actually so simple, one line: ``I will vote…”

On the recordJune 26, 2008
I thank you for saying that because that's exactly true, and the petition is actually so simple, one line: ``I will vote to increase U.S. oil production to lower the price for Americans.'' ... I'm not a big fan of Big Oil. Don't get me wrong. But I had a high school economics teacher, and I didn't pay that much attention in school, but Colonel Wofford at Therrell High School there in Atlanta taught us that taxing manufacturers or producers does not lower the price to consumers.
Said by
Lynn A. Westmoreland
Georgia
Source
govinfo.gov

Editor's note · Context

Discussing U.S. oil production and economic principles during a debate on H.R. 6.

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As expected in the President's budget released this month, FHA will need a taxpayer bailout.

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Instead of focusing on fundamentals like shrinking their portfolio, reducing risk, and charging a premium that is in line with risk, FHA has advanced a policy that can only be described as out of bounds from its original intent.

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What Dodd-Frank did... is cast a net so broad that you caught all the little fishes that you were not intending to catch.

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The FHA is insolvent. If FHA were a private mortgage insurance company or one of my community banks, it would have failed a long time ago.

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