Political Quotes

On the recordApril 10, 2002
sometimes I am not too good on politics, but I like to think that I am good on policy. I think both sides have decided it is good policy to have this kind of bankruptcy provision for American agriculture. Just briefly, let me explain what it does. It says to farmers that instead of going into a separate chapter, we are going to have a provision where they do not have to sell their tractor, plow, and tools in order to try to come back and try to resolve their indebtedness problems, but we are going to give farmers a little leeway so they do not have to sell their equipment, which is the only way they are going to be able to survive and reconstruct their business. The concept of this direction to conferees is good. It is something that needs to be done. I am going to vote for it. I think the politics might be that it is an extra, for lack of a better word, inspiration for the conferees on the bankruptcy bill to move ahead with that bill. But American agriculture right now has real problems. There are individuals who have filed bankruptcy.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing bankruptcy provisions for American agriculture during a floor speech.

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