[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 199 Introduced in House (IH)]

111th CONGRESS
  1st Session
H. RES. 199

  Providing that the Congress should stop passing massive Government 
                               bailouts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 26, 2009

 Mr. Tiahrt (for himself, Mr. Carter, Mr. Mack, Mr. Paul, Mr. Shimkus, 
   Mrs. Bachmann, Mr. Price of Georgia, Mr. Gingrey of Georgia, Mr. 
Bartlett, and Mr. Moran of Kansas) submitted the following resolution; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                               RESOLUTION


 
  Providing that the Congress should stop passing massive Government 
                               bailouts.

Whereas financial markets have been saturated with well over a trillion dollars 
        from the Government ranging from the bailout of Fannie Mae and Freddie 
        Mac at $200 billion, Bear Stearns at $29 billion, AIG at $85 billion; 
        Wall Street at $700 billion, the automakers at $25 billion, and 
        Citigroup at $247.5 billion;
Whereas, in 2008, total Federal spending increased by 11 percent to nearly $3 
        trillion;
Whereas Congress should not rely on the same failed economic policies of the 
        past;
Whereas, by looking in the past, we see the massive spending initiatives that 
        occurred during the 1930s and 1970s failed to produce economic growth;
Whereas the Government has a role in helping ensure American workers and 
        industries are free to prosper, but these bailouts are nothing more than 
        a mere band-aid that continues to follow a pattern of throwing more 
        taxpayer money at a problem instead of addressing the root causes of the 
        problem; and
Whereas Congress should address fundamental reforms to help American workers and 
        businesses achieve long-term prosperity through incentives for private-
        sector solutions instead of Government involvement: Now, therefore, be 
        it
    Resolved, That it is the sense of the House of Representatives that 
Congress should stop passing massive Government bailouts.
                                 <all>