Scott Garrett

The simple solution that they are really looking for from this committee and from Congress is to return these dollars to the American taxpayers.

The current proposal is to take the TARP program and to turn it into something of a Madoff-like Ponzi scheme.

I don't see anything in their proposal to prevent the misallocated credit decisions by the government through Fannie Mae and Freddie Mac and CRA.

When you think about it, I don't see anything in the proposal to stop the Federal Reserve, their very loose monetary policy, nor is there anything in there to address the conflicts of interest in the Fed in their dual roles as monetary…

The Federal Government really is the one that poses the single biggest systemic risk, and it is really not even close.

the national debt would double in just 10 years, pushing the debt north of 100 percent of GDP.

No, I will just close on my point. There was not an opportunity during the first go round with TARP 1. There may have been ideas discussed, there may have been ideas that were floated up and down and with the chairman's discussions with…

The reality is that the chairman will tell him this amendment will make sure of absolutely nothing. Why? Because this amendment will never become law. That's not me saying that. That's what the chairman has said repeatedly as well. It is…

Mr. Chairman, just before this meeting out here on the floor, I was in my office back in Cannon meeting with and on the phone with constituents back at home discussing the fact of the difficult plight we find ourselves and the economy in…

I reclaim my time. Thank you. I understand what he said before, but then you have to always point to the words that came after that, and he was alluding to the fact that it actually came to the floor from President Bush when, yes, it was…

Yes, there is a specific philosophical difference with regard to keeping people in their houses. As we know, both sides of the aisle want to do the best that the Federal Government can do in this area. And the administration has already…

Again, I support the gentleman's underlying amendment and will support the vote on it. But as I hear the chairman's comments, I am sitting here with regard to the idea that amendments were allowed, that this could have been done through…

First of all, I begin by saying I appreciate the sponsor's intent behind the amendment. She and I join in the thought that we need to do all that we possibly can to deal with the terrible situation of the economy right now, and she is…

I can simply come to the floor and speak to what the experts have testified in committee with problems of language of this nature. One is, as I've already stated, experts have said that language like this would encourage the situation for…

Today is Wednesday. Just this past Sunday I was back in my district, which is in the great State of New Jersey, and there I was honored to take part in a solidarity evening, a rally, if you will, for Israel, held in the Fifth District in…

What about the constitutional provisions as regards to that? Secondly, forcing companies that receive TARP funds to receive a government overseer on their boards. Amazing, a Congress that can't manage its own affairs is now going to have…

Just for one question. With regard to your initial comment with regard to the FHA reform and the GSE reform, my comment saying that it hasn't been done, isn't it true that we're 17 months into the year under Democrat leadership? Have those…

I come optimistic but at the same time somewhat perplexed because, as I say, this did occur with regard to the Federal Reserve some 2 months ago, and immediately thereafter my office contacted the full body of our committee, both…

I find it amazing and amusing that the chairman raises how many Republicans signed onto the two letters when, in fact, it evidences the fact that zero Democrats signed onto that letter and zero Democrats have done anything with regard to…

I appreciate your hard work on this initiative so that, as I say, when we go back to our constituents and one of those bills comes up in the future, and it will come up, when it's laden with additional spending, I'm not talking about…

I come here tonight, as we do every month or so, to begin another session of the Constitution hour. Members of the Congressional Constitution Caucus basically use these opportunities to emphasize to our colleagues and people across the…

Today we mark the 93rd anniversary of the onset of the Armenian genocide. It is on this date that the Ottoman officials captured more than 200 Armenian intellectual leaders and placed them in prison. Unfortunately, these actions were only…

I think the chart at my left points out the dilemma that the previous speakers have been making. This chart shows the involvement of the Federal Government with regard to dollars, and it also reflects the issue with regard to their…

I rise now to honor an ally who has stood with us in the global war on terrorism. An ally who knows what it's like to fight for peace and for freedom. An ally that continues to pursue liberty even amid increased threats. That ally is…

Well, it's been reported in the press that the Democrats have horrifically failed as the majority in Congress of getting almost anything done. You know, they made promise after promise to try to help the American people and, to no surprise…