Mr. Speaker, we are seeing a growing credibility gap here in Washington. Democrats are saying one thing and doing something else. It started with the trillion-dollar stimulus plan that was rushed through with promises that it would create jobs immediately and keep unemployment below eight percent. Today, unemployment is near 10 percent and Americans are still asking, where are the jobs? Americans were also promised a war on deficits, but all thats happened is we piled more debt on the backs of our kids and grandkids.
Then, we have the trillion-dollar government takeover of health care that was forced through with promises that it would lower cost. But turns out, the new law will actually increase costs for taxpayers and patients. This comes from analysis from the Presidents administration, their Centers for Medicaid and Medicare Services (CMS). CMS determined that the new law will increase what the nation spends on health care over the next 10 years by $311 billion. The President claimed that this government takeover of health care was the single most important thing that we can do to address our deficits. But now it turns out, its just going to make matters worse.
Just think about that credibility gap when you see the Majority insist on rushing through a job-killing regulatory bill with promises that will end Wall Street bailouts. The bill doesnt end Wall Street bailouts, it makes them permanent and institutionalizes too big to fail. This bill doesnt get the government out of the private sector it creates a politburo style of regulators who can seize any business and do almost anything they want to do with it. And the bill doesnt address the real reasons for the financial meltdown; it gives a free ride to Fannie Mae and Freddie Mac, the government mortgage companies that started this crisis. Americans were promised a new Washington. Instead its just more of the same: more spending, more government, and more empty promises.
I think its time we start listening to the American people. Lets work together on commonsense solutions to end the bailouts, reform Fannie Mae and Freddie Mac, and hold Wall Street accountable. Lets work together to repeal the government takeover of health care and replace it with commonsense reforms that will lower the cost of health care. Lets work to ban earmarks and stop out-of-control spending. And most importantly, lets work on commonsense solutions that will help small businesses create the kind of jobs that Americans are looking for.
You Tube Video of this speech below:
NOTE: We knew the financial bill was bad but after watching Senator Boehner's speech on the floor of the House, it is worse then bad. Everyone needs to look at the following from Republican Leader Boehner which will send chills up your spine:
This bill doesnt get the government out of the private sector it creates a politburo style of regulators who can seize any business and do almost anything they want to do with it. And the bill doesnt address the real reasons for the financial meltdown; it gives a free ride to Fannie Mae and Freddie Mac, the government mortgage companies that started this crisis. Americans were promised a new Washington. Instead its just more of the same: more spending, more government, and more empty promises.Just how far left are the people in charge in the Senate and the House. The move toward Socialism by this group is no longer a supposition -- it is happening before our eyes. What have this group of Democrats done that we don't know about?
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