Mr. President, a little over a year ago this country stood on the brink of economic disaster. Banks and financial institutions wavered on the verge of collapse. The foundation of our economy was shaken to its core. But that is when this Congress took bold action. In the face of public discontent, many of my colleagues summoned the courage to cast a difficult vote--a vote that set aside hundreds of billions of dollars to prop up our failing financial institutions, a vote that was not popular with the American people but that I feel history will judge as the right thing to have done. These are the moments that define us--as individuals, as public servants, and as a nation. The American people called upon their representatives to make tough choices, to exercise their best judgment, and rise to every occasion that may impact the quality of life of the people of this country. I applaud my colleagues on both sides of the aisle who lived up to these expectations and made the decision to do what was right, not what was popular. As a result of their courage and their ability to reach for something larger than the small politics of the moment, our economic foundation has been stabilized. That vote brought us back from the brink of disaster and restored confidence in the financial institutions that threatened to undermine our entire system. It did what was necessary to prevent a complete economic meltdown. But make no mistake, this emergency legislation did not solve every problem.…
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