On the recordJanuary 21, 2009
I rise today because in this last week and next week, we are going to be considering in this Congress spending more than we've ever spent since World War II. With the Troubled Assets Relief Program, otherwise known as TARP, and I like to call it the bailout, Mr. Speaker, the bailout is $700 billion. The bailout was a mistake by the last President, and I believe it will be a mistake from this administration. Only $350 billion is left of that bailout bill, and Congress is probably going to spend that also. Out of the first $350 billion, we don't even know where any of that went because the administration didn't have to tell us. The legislation being considered now for this bailout bill and this stimulus package is being considered under a false promise that more spending in the wrong places is going to help the economy. It's being considered under the false promise that it's going to create millions of jobs. It's simply throwing bad money after bad programs. The reality is that this plan does very little to help working-class families that are having to pay bills, that are having to make mortgages, that are having to make car payments. People are struggling day in and day out, some working two jobs to try to pay health care, raise the kids. This stimulus bill does not help them.
Source
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