Political Quotes

On the recordMay 12, 2010
Well, we forget it, and we drive them out. You look at what we have done with the bailout of Wall Street. What we actually did was we established a premise of too big to fail, and then we bailed out the huge, powerful, big Wall Street banks. And who is paying the fare? Our small community banks, with new insurance premiums, and they are the ones who loan to small businesses throughout small-town rural southern Illinois. And then we bring up a cap-and-trade regime on a false premise of carbon dioxide as a toxic emittent. We say we want to tax carbon. What does that mean? Higher electricity prices, higher gas prices. That is not a good signal for people to invest and take over this if they are going to get a return investment. Then, we do the fraud of all frauds, and we say we are going to provide health care to all Americans, and we are going to cut Medicare $500 billion, we are going to raise another $500 billion in taxes, and we are going to create a system that really is unsustainable. And the business community is saying, time out. I am not going to take any risk until this thing all sorts out. So it is unfortunate, when we really need jobs in America, that our response here in the past 18 months is to send every signal against those. I want to finish with the statement that if you want to pay for government services, you have to have the private sector that is earning money to pay the taxes to pay for government services.
Said by
John Shimkus
Republican · Illinois
Source
govinfo.gov
May 12, 2010

Editor's note · Context

The speaker addresses the impact of government policies on small businesses and the economy.

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