[Congressional Record (Bound Edition), Volume 154 (2008), Part 17]
[House]
[Page 23725]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     DOING NOTHING IS UNACCEPTABLE

  (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. Mr. Speaker, the economic recovery bill 
we have before us does not include every free market idea I believe 
would improve it. But when the retirement savings of hardworking 
Americans are threatened, when businesses start to fail, jobs begin to 
dry up, or jobs of American taxpayers are in danger, it is clear that 
the price of doing nothing far exceeds the price of what we are 
considering.
  Small businesses and families are the heart of this bill. They did 
not cook the books or make bad financial decisions. They had faith in 
the free market and worked hard for their success.
  This bill is an imperfect option in a tragic situation, but it 
protects jobs and taxpayers. It provides transparency and oversight to 
the actions of the Treasury. It provides free market alternatives to 
spending tax dollars, like insurance, loans, and an increase in the 
FDIC cap. And it helps keep taxpayers from paying an even higher price 
for the misdeeds of Wall Street.
  In conclusion, God bless our troops, and we will never forget 
September the 11th.

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