Political Quotes

On the recordFebruary 24, 2010
Reclaiming my time, I will make another point of this that I think has been completely understated--if stated at all, Mr. Speaker--here in the House of Representatives or across the dialogue of this land, and that is this: This President and this administration participated with--the beginnings of this during the Bush administration--the nationalization of a huge chunk of our private sector. We have seen three large investment banks nationalized: Fannie Mae and Freddie Mac, General Motors, Chrysler, AIG. According to The Wall Street Journal last August, they printed that one-third of the private sector profits had been nationalized, and most of it by the Obama administration, depending on how you actually pick the dates that it is declared to be nationalized. But one-third of the private sector profits, and now we are looking at another 17 percent of our economy nationalized. That takes, at 33 percent, you add it up and you're at 50 percent, right there at half. But the important thing, the part that seems to be missed in the dialogue of this debate is, when the government nationalizes and takes over the private sector economy, which they have done, and they want to take over the health care and take over the management of everybody's health care in America, this unique thing happens. When we look back to 1973, the decision of Roe v.…
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Steve King
Republican · Iowa

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