[Congressional Record (Bound Edition), Volume 154 (2008), Part 16]
[House]
[Page 21780]
[From the U.S. Government Publishing Office, www.gpo.gov]




               WE NEED A CAUTIOUS AND COMPETENT APPROACH

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Madam Speaker, hardworking Americans 
understand that our Nation's financial markets are very fragile. The 
American people are rightfully concerned when they see a $700 billion 
price tag on a plan to address this crisis. They are hesitant to give 
the Federal Government an extraordinarily large amount of taxpayer 
dollars, especially before the right questions and the right concerns 
have been given their due process.
  This Nation has a long history of balancing the needs of a market 
economy and the realities of government involvement in those markets. 
We have weathered our fair share of storms as well. Before Congress 
endorses a multi-billion dollar effort to address our financial 
situation, it would serve this Nation and the wallets of those we 
represent not to forget that history.
  We need a full review of different alternatives to a simple bailout. 
Otherwise, we risk placing a daunting financial burden on our 
children's futures.
  In conclusion, God bless our troops, and we will never forget 
September the 11th.

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