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Washington-Knows-Best Mentality

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Date:
Location: Washington, DC


WASHINGTON-KNOWS-BEST MENTALITY -- (House of Representatives - July 21, 2009)

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Mr. KINGSTON. Mr. Speaker, last October, President Bush and Hank Paulson said to the Congress we need to bail out the financial services industry. We have to do it bold and we have to do it quick or the financial markets will tumble. Well, we passed the $700 billion TARP program, and still stock portfolios, savings of Americans all through the country dropped by 30 or 40 percent.

In January, Nancy Pelosi and President Obama told us that we had to act bold and fast to pass the stimulus program because the unemployment rate was 8 percent, and now 2.5 million jobs have been lost since that and unemployment is up to 10 percent.

And now the same Washington-knows-best mentality is telling us to rush through a government takeover of health care by August 1. This will result in a bureaucrat taking the place of your doctor telling you what procedures you will have. It will result in a $1 trillion Federal program. It will result in rationing and a huge tax increase on farmers and small businesses.

Ladies and gentlemen, we have to slow down. Let's learn from the stimulus program. Let's learn from TARP. Let's slow down the process.

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