Political Quotes

“this is a commonsense motion to recommit that is very straightforward and simple. The motion would repeal the third and final payment of the funds to the Troubled Assets Relief Program, or TARP. It will require the Secretary of the Treasury to develop a plan and a timetable for all TARP recipients to pay back the taxpayer. Let me say that again. It would require the Secretary of the Treasury to develop a plan and a timetable for all TARP recipients to pay back the American taxpayer. Given that the Senate has already rejected this Joint Resolution of Disapproval, President Obama will receive his final $350 billion. Voting for this motion to recommit is the only way to stop a new, expanded TARP program, which has spun out of control. Like many of my colleagues, Madam Speaker, I voted for the Emergency Economic Stabilization Act to restore liquidity and stability into America's financial system, allowing American businesses access to credit that they needed to obtain inventory and purchase needed supplies and make a payroll. Simply put, the program, as it was sold to Congress, was necessary to prevent an even greater economic disaster, and I am glad we haven't seen the widespread financial turmoil that I believe was certain, had the government not taken unprecedented measures during the extraordinary times. However, at the same time, I agree with my colleagues that the first $350 billion was spent too hastily and haphazardly and without the proper oversight.”