Statement on the House Floor

Statement

Statement on the House floor

Let's go over the chronology of events here. We have the stimulus bill that was eleven hundred pages and there is a provision in the stimulus that was opposite of the intentions of the House and Senate, the language from the original version were stripped out in the middle of the night with only a few people in the room, which we have now subsequently learned that at least two people were Geitner, the White House Cabinet and Dodd.

Now I heard an earlier speaker saying something, a gentleman from California about how we are berating this one statement and they are right. Because this is one statement that protected the bonuses specifically the bonuses that became the outrage of America. This stimulus bill with this language protecting, it was inserted by the White House and Senator Dodd who has received about $200,000 in campaign contributions by the way that doesn't get mentioned on the floor too much. This was then brought to the floor, eleven hundred pages put before this body without an opportunity to read, a promise to us and the American people that we would have 48 hours to read a complex bill when we had very few hours to read this bill and now we are in what we call cover up or cover your rear state because the people who voted for that stimulus are now running for cover, we went thru this exercise a week ago when we wanted to tax the bonuses at 90% and so I ask the original so called author of this bill Mr. Grayson if he even read the bill and I would yield to Mr. Grayson for an answer. Pause OK, I guess we won't get an answer.

What we have found out is that the public is still outraged, they are mad at the cover up between the cabinet and Senator Dodd and this body's participation in it, so we are going to take now and extra measure in our CYA efforts to develop a bill that now will make the federal government intrude to the very core of any business that accepted a dollar of TARP dollars were now the Treasury comes in without any expertise and sets salaries for the secretaries on up.

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