Political Quotes

“Several years ago, you said if we abolished the loan guarantees, the world would come to an end. We abolished them, and now the number of loans are up. They are at a record number. So what we are going to do, and I think the body should know, we want the SBA to work well, we want them to make the loans, but if we are constantly hammering and criticizing and condemning and governing by press release we don't get very far. So what we are going to do is we are going to ask the National Academy of Public Administration, a nonpartisan group, to come in and look at the gentlewoman's charges and all these things and come back and give us an honest report so we will know. But if we are just harassing Federal employees and criticizing them at every step of the way, we really don't accomplish very much. And I would say that you did say, and I will submit for the record what you said about abolishing the loan guarantees, but by doing that, we saved the taxpayer about $170 million. The loans are up. That was basically a subsidy for the bankers. The banking lobby wanted that and we took it away and now we saved the taxpayers money. This is a bad amendment. Vote it down. Mr. Chairman, I yield back the balance of my time. The Acting CHAIRMAN. The question is on the amendment offered by the gentlewoman from New York (Ms. Velazquez). The question was taken; and the Acting Chairman announced that the noes appeared to have it.”