Louie Gohmert: “we took up the issue of the Troubled Asset Recovery, whatever TARP stands for. $350 billion has been thrown, as one man…”

“we took up the issue of the Troubled Asset Recovery, whatever TARP stands for. $350 billion has been thrown, as one man wished it to be, as he directed. There's another $350 billion that has been allocated. Now, the question is, who's going to spend it? Now, I've got a bill that I filed, it was, I think, the first bill laid down over here on the Clerk's desk the minute after we were sworn in, and it's a bill to allow the people that earned the money to spend it. The Treasury Secretary would have to put it in the general revenue and use that to cover any shortfalls from withholding not coming in. This isn't some rebate where we spend millions to let people know you may get a rebate check, and then millions to process it, and then by and by, pie in the sky, they get a rebate check down the road for $300, $600. This is real money we're talking about, in the account, in the hands of those who earned it as soon as they get their paycheck. If we pass this bill next Thursday that I've proposed, people on their Friday paychecks could have all of their Federal withholding in that check, all of their FICA withholding in that check. So anybody that's working, performing services, including self-employed, they have a 2-month tax holiday. That money is immediately in their hands, in the economy, not some bureaucrat in Washington who is so arrogant that he thinks you couldn't possibly know where to spend that money to help the economy and help yourself.”