Political Quotes

On the recordJanuary 22, 2009
That is the diligence we would expect from any lender--and how much more so when the source of the funds is the American taxpayer, when the principal runs in 12 digits and when the stakes are so high. That is why we acted yesterday. I am hopeful the Senate will act as well, but I am even more hopeful that President Obama will follow the principles incorporated in yesterday's legislation. With TARP funds already beginning to take effect, and with these new safeguards in place, I ask my colleagues to release the remaining funds. Votes like these are never easy, and I understand we can rationalize that our vote will have no effect, whether we approve or disapprove the resolution of disapproval. But we need to stand with, frankly, President Bush and President Obama, two leaders elected by our country, in different elections, who have both said to us, This program may not be something we want to do, but it is something that we must do. And, because of that, I urge my colleagues to vote ``no'' on the resolution of disapproval.
Said by
Steny Hoyer
Democratic · Maryland

Editor's note · Context

Addressing the need for support of TARP funds during a House floor debate.

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