Steve Scalise: “I want to thank my friend and colleague from Missouri for leading this hour. And I know we've continued to have this…”

“I want to thank my friend and colleague from Missouri for leading this hour. And I know we've continued to have this conversation and talked about this months ago, back when the original bill came through to do the stimulus package and, you know, President Obama said that he's got to spend more money to get the economy back on track. And I know you're getting ready to talk about Henry Morgenthau, who was Treasury Secretary under Franklin Roosevelt. And he warned back then that spending and spending money and acquiring more debt doesn't get the economy back on track when you're growing the size of government. And it didn't work then and it's not working now. But of course now we've got this bailout bill, this permanent bailout bill by Chairman Barney Frank, who, as you pointed out, was defending Fannie and Freddie when they helped create this mess, and Chris Dodd. And they've got this bill that creates a permanent bailout fund. And then it also taxes a lot of our banks who didn't have anything to do with creating this problem in the first place. And, in fact, this bill not only will create this permanent bailout fund and will enshrine this whole concept of too big to fail, but it's going to hurt our local banks, the folks that actually played by the rules, that didn't do anything wrong. And now they're going to be at a disadvantage.”