Political Quotes

“Madam President, I rise today in strong opposition to H.R. 4173. I think it is interesting to note we have had a number of speakers who are proponents of this legislation come forward--just as my good friend from Maryland just did--and say we are going to be the leader, the United States is going to be the leader in the financial world market with these changes. Well, the fact is, other countries that have strong financial markets have said publicly just the opposite. What I am afraid we are setting ourselves up for, and what I talked about a lot during the course of the debate on the Senate floor relative to this bill, is that what we are going to wind up doing is we are going to be driving jobs and business overseas with this massive piece of legislation that truly does not address the problem. There is nothing in these 2,300 pages that deals with the primary catalyst of the market instability in our economy--the bailout behemoths, Fannie Mae and Freddie Mac. The bill simply ignores the devastating impact these two entities continue to have not only on our capital markets but also on our Nation's deficit, already demanding over $145 billion in taxpayer assistance, and with no end in sight as to what it is ultimately going to cost the taxpayers of this country. The newly created consumer protection bureau is an affirmation that the proponents of the legislation have acknowledged government failures were a significant cause of our economic turmoil.…”