[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Pages 7120-7121]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             STOP BAILOUTS

  (Mr. NEUGEBAUER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. NEUGEBAUER. Mr. Speaker, the American people are frustrated. They

[[Page 7121]]

don't think that bailouts, government spending, and debt will ever 
stop. My colleagues across the aisle just don't seem to get it. They 
say they want to stop bailouts and make sure that the breakdown in our 
financial system doesn't ever happen again. But financial reform that 
perpetuates bailouts and limits the choices of individuals is not going 
to do that.
  They're hoping the taxpayers won't take time to understand what the 
financial regulatory bills actually do. Small businesses will be hurt. 
Community banks will have to restrict credit. We'll only punish Main 
Street and slow down job growth. The proposal that passed the House and 
is pending in the Senate is just more big government takeover of all 
aspects of our financial systems and less empowerment where we need it 
the most.
  More than 2.7 million jobs have been lost since the President signed 
his so-called stimulus plan. Month after month the American people 
still want to know, ``Mr. President, where are those jobs?'' Rather 
than creating a permanent bailout, picking winners and losers, we need 
real financial reform that supports Main Street.

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