Political Quotes

“Mr. Speaker, I thank the gentleman from Colorado. I know the American people who are watching this must have their heads spinning because all we have heard for a year and a half now from our colleagues on the other side was TARP was a disastrous program; TARP is a disastrous program. They are running ads against us in our districts about how horrible TARP was: so and so voted for TARP. And yet here we have someone who is advocating that we take money from TARP and give it to small businesses. I actually think that is a good idea. I am for that. But I want to clarify something because he is misstating the impact of the underlying bill. This bill does not add anything to the deficit. This bill is paid for, and the $30 billion in loan facilities that we are actually making available to small banks throughout the country actually generates a surplus for the Treasury. That is a profit maker for the Treasury. There is no cost unless the money is actually borrowed. And if it is borrowed and paid back with interest, then the taxpayers actually benefit. So it is one to thing to talk about deficits and argue about who is responsible and so forth, but to actually misstate the actual facts about the underlying bill here is a little bit disingenuous. I would like to make one more comment. My friend from North Carolina mentioned earlier, you keep blaming the former President.…”