Louie Gohmert: “I don't think when we passed this bailout bill back in September we were standing with the homeowners, because we…”

“I don't think when we passed this bailout bill back in September we were standing with the homeowners, because we weren't. That money got given to banks, all kind of places. We're still trying to find out where all of it went, and we don't know because the bill didn't have enough restrictions. So I appreciate the chairman trying to add restrictions. But in looking at all of this money, $350 billion still to be spent, with all our efforts to try to pin down the Secretary of the Treasury, try to keep him from giving it to his buddies and hurting his enemies and personal things that may or may not have happened so far in the last 4 months, you really want to stand with the homeowners. What I've been hearing from people, homeowners who got a little behind on payments, they got behind last summer when gas prices went up, many of them did, and they couldn't pay all the bills. So instead of having this money routed through the Secretary of the Treasury, as much as we might try to bind his hands, and then on around to maybe through banks and require them to lend, that kind of thing, if we provided a 2-month tax holiday where no withholding is taken out of the workers' check for 2 months, and then you don't take out FICA for 2 months, then it's still more than paid for by the $350 billion.”