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American Recovery and Reinvestment Act of 2009

Floor Speech

Location: Washington, DC

AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 -- (House of Representatives - January 28, 2009)


Mr. MARIO DIAZ-BALART of Florida. Mr. Chairman, we clearly need to pass a stimulus package, a plan that will help our economy. Unfortunately, this plan spends lots of money but very little to incentivize the economy. It does very little to incentivize small businesses, small businesses which are the job creators in our country. Frankly, less than 10 percent of the money in this spending bill goes to infrastructure projects. And we hear a lot of talk about the infrastructure projects. I agree with that. But less than 10 percent of the bill goes to infrastructure projects. Most of them, unfortunately, Mr. Chairman, go to create a larger Federal bureaucracy with little accountability and nearly no oversight. Does that sound familiar?

This House last week was here passing legislation that the Senate already said they weren't going to do to try to cover up and fix up the embarrassment of the TARP legislation, of that bailout legislation, that had no accountability and no oversight. This bill is more of the same. This is Son of TARP, except it's even bigger, with little money and accountability, with little oversight, with less than 10 percent for infrastructure and with very little to help the job creators, the small businesses in our great country.

We need better accountability. We need more oversight. We need more for infrastructure. We need more to help the small businesses and less to just send it to create a larger Federal bureaucracy with no oversight. Again, as embarrassed as some people were about TARP, this is Son of TARP. We are going to read the scandals.

Don't pass this legislation.


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