Political Quotes

“Yesterday, President Bush announced that he was sending to Congress formal notice regarding use of the second half of TARP, the Troubled Asset Relief Program. As you know, under that legislation, which Congress passed over my objection last year, once $350 billion of the fund--half of the fund--is spent, and the administration wants to begin spending the second half of the fund--the second $350 billion--the President has to formally notify Congress. Under the program, Congress has the opportunity to basically veto moving forward by affirmatively having to pass a resolution of disapproval. Again, President Bush took that first step of formally notifying Congress yesterday and today. I come to the Senate floor to announce that I am introducing a motion of disapproval, and I encourage my colleagues, Democrats and Republicans, to think very seriously about this matter and to join me in this motion of disapproval. In doing so, I am immediately joined by several colleagues, and I want to thank Senators Bunning, Sessions, DeMint, Barrasso, and Inhofe for being original cosponsors with me of the resolution of disapproval. When we debated this very important matter on this floor several months ago, I expressed serious concerns. I will not go through my comments then or my concerns, but unfortunately, sadly, many of them-- virtually all--have been proven true.”