Political Quotes

“I would like to thank Mr. Sessions for yielding me the time. I would like to thank our ranking member, Spencer Bachus, for his dedication to this issue. I would also like to thank the chairman of our full Committee of Financial Services for his dedication to this as well. But, Madam Speaker, as we stand here today, unfortunately, this is a missed opportunity. From the start of the debate, it was apparent there was little or no interest from our Democrat colleagues in working towards a consensus bill on regulatory reform. Now they are using budgetary smoke and mirrors, and I think that it will be apparent to Americans as this bill unfolds. As my constituents say to us all the time: Work together. Shelve the partisanship. The stakes are too high. But, unfortunately, the bill before us was drafted without our significant input. We are now faced with a bill that will give us institutionalized government bailouts, limit consumer choices, and raise the cost for businesses, our job creators across this Nation. My colleagues on the other side of the aisle will be basking in the rhetoric and high praise for cracking down on Wall Street. However, the resolution authority in this bill does little or nothing to address the issue of the moral hazard that has been created by the TARP program. Instead, failed firms will be wound down at taxpayers' expense.…”