[Congressional Record Volume 154, Number 160 (Thursday, October 2, 2008)]
[House]
[Page H10647]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           ECONOMY STRUGGLING

  (Mr. PERLMUTTER asked and was given permission to address the House 
for 1 minute.)
  Mr. PERLMUTTER. Mr. Speaker, third-quarter data released yesterday 
highlighted the decrease in home values in 24 out of 25 metropolitan 
areas, and jobless claims rose to a 7-year high. Our economy is 
struggling, and people across America are having trouble selling their 
homes and buying inventory for their businesses.
  While no one likes the situation we are in, we must do what we can to 
help America and its families. So I support the financial legislation 
which has been proposed and is coming to us from the Senate.
  I encourage the Treasury to work through the Small Business 
Administration, the Farm Credit Administration, and the Federal Home 
Loan Bank Board so credit flows to people living in Colorado and across 
the country. This is one of the most important pieces of economic 
legislation we have had in decades. And, clearly, the fluctuations in 
the markets over the past few days and the credit crisis we face must 
demonstrate we cannot give up on a solution. I believe this is a plan 
that will help stabilize the market and protects taxpayers, and I 
support it.

                          ____________________