Political Quotes

“I wish to speak about the legislation currently before the Senate. The Foreclosure Prevention Act of 2008 seeks to provide assistance to families and businesses adversely affected by the decline of the values of real estate. While I support many of the worthy initiatives in this bill, such as the Federal Housing Authority modernization provisions and other resources to assist communities devastated by foreclosures, there are several provisions that cause me to withhold my support at this time. I note that the bill will go to a conference committee with the House of Representatives, and subsequent to their work, I will revisit this legislation. America, our Republic, rests on basic and time tested principles. Among them is our free enterprise system. The foundation of this system must not be unduly influenced from excessive government interference. Again, while this legislation contains a number of worthy initiatives, respectfully, in my view, this legislation as a whole overreaches and fails this basic test.”