[Congressional Record (Bound Edition), Volume 155 (2009), Part 16]
[House]
[Pages 21521-21522]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        LEHMAN BROTHERS COLLAPSE

  (Mrs. BACHMANN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BACHMANN. Mr. Speaker, it was 1 year ago today that Lehman 
Brothers collapsed. And as we mark this 1-year anniversary, it is also 
with trepidation that we remark that the

[[Page 21522]]

Federal Government today is the leading insurer, the leading lender, 
and the leading carmaker in the United States, the Federal Government.
  Since the inception of Bailout Nation less than 1 year ago today, an 
economist from Arizona State University has documented, today the 
Federal Government owns or controls 30 percent of private business 
profits. That's right, 30 percent. And if President Obama gets his way 
and nationalizes an additional 18 percent of private wealth in the 
health care industry, that would be nearly 50 percent of private 
business profits.
  Think of that, 50 percent of private business profits nationalized in 
less than 1 year's time. We can do better. Let's enjoy freedom. Let's 
embrace freedom and let's say no to Bailout Nation and to the Federal 
Government taking over the private economy.
  And let's investigate ACORN.

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