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REP. CLYBURN: Thank you Madam Speaker, other distinguished leaders. I am very fond of quoting Alexis de Tocqueville's evaluation of our great country. Alex de Tocqueville once wrote that, "America is great because America is good. And if America ever ceases to be good, it will cease to be great."
On yesterday, we all celebrated the 79th anniversary of the birth of Martin Luther King, Jr., who once wrote that, "The time is always right to do what is right." Unemployment has risen to five percent in this country. Home values are dropping and millions of Americans are getting hit with mortgage rate adjustments. And the costs of health care, groceries, gasoline, home heating oil and post secondary education are continuing to rise.
Since 2001 the typical working family's income, real income, has fallen over $2,500. Over the next two years some 2 million Americans will see their mortgage payment skyrocket. Another 1 to 2 million will find themselves in foreclosure. We are about to embark upon a bipartisan effort, if our colleagues on the other side are willing, to do what is right for America at this time. And that is, for us, to pass a stimulus package that is timely, as well as targeted and temporary.
With that, I yield to our distinguished chair, Mr. Emanuel.
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