[Congressional Record Volume 156, Number 11 (Wednesday, January 27, 2010)]
[House]
[Page H393]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  RECOUPING MONEY LENT TO WALL STREET

  (Mr. KAGEN asked and was given permission to address the House for 1 
minute.)
  Mr. KAGEN. Mr. Speaker, tonight the President of the United States 
will be addressing the Nation on where we are at, how we got here, and 
what we must do now to dig out of this economic mess.
  Well, where are we? We're coming out of the deepest worldwide 
economic downturn of our time. And how did we get here? Never forget, 
never forget that it was George Bush's Republican policies that drove 
us into the ditch, and without paying a dime for them.
  Republicans gave away huge tax cuts to the rich, got us into two wars 
at the same time, created the biggest trillion-dollar prescription drug 
entitlement plan in American history, and deregulated the banks on Wall 
Street who looted our Treasury. And worse yet, they borrowed all the 
money from China, asking our children and grandchildren to pay it back. 
The fact is, we're cleaning up after the biggest elephant parade in 
American history. And never forget these facts.
  Well, folks in the middle class rescued Wall Street, and now it's 
Wall Street's turn to turn back the favor. We want our money back, and 
that's why we are proposing a transfer fee on all trades on Wall Street 
speculators.

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