Phil Gingrey: “I want to say that the American people are beginning to realize that this is unlikely to work and that there is a…”

“I want to say that the American people are beginning to realize that this is unlikely to work and that there is a tremendous burden that it is going to put on them. As I pointed out on the previous chart, it is $10,400 per family. Now, they don't get that. That is not any money that comes to them. That is the debt burden. Now, in fact, in a recent Gallup Poll--the very reliable Gallup Poll. Everybody has heard of Gallup--there was a survey of 1,000 adult people nationwide; thirty-eight percent were in opposition to this bill as proposed, and another 17 percent said no matter what they do with it, no matter what changes they make, this is not the way to go. It is just as Secretary Morgenthau knew back in 1939. I wish Secretary Paulson and Secretary Geithner could understand that. Just throwing more money at this indiscriminately is not going to solve the problem. It is just going to sink us deeper and deeper into a recession and possibly even into a depression.”