[Congressional Record (Bound Edition), Volume 155 (2009), Part 12]
[House]
[Page 16925]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     ADMINISTRATION MISREAD HISTORY

  (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, Vice President Joe Biden 
recently admitted that the Obama administration misread the economy 
when drafting their nearly trillion dollar spending bill. Meanwhile, 
the American people have long known, and House Republicans have long 
argued, that this administration actually misread history when putting 
together their massive borrowing bonanza.
  Had Democrats followed the example of former Presidents Kennedy and 
Reagan, they would have implemented the type of broad tax relief for 
American families and small businesses that has a proven record of 
stimulating the economy and creating jobs. Today's continued decline in 
jobs is a symptom of the slow, bureaucratic-driven spending this 
administration put in place.
  Our economy will recover, but small businesses will be far better 
vehicles of job creation than big government expansion. By saddling 
future generations with such massive debt while threatening Social 
Security and encouraging the potential for hyperinflation and higher 
interest rates, this administration has misread history, misplaced its 
priorities, and misspent American tax dollars.
  In conclusion, God bless our troops, and we will never forget 
September the 11th in the global war on terrorism.

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