Unfortunately as the knight said in the Indiana Jones movie, a majority in Congress chose poorly.
I am confident we will restore our markets and renew our government. But we must do so in a manner consistent with the principles that make America great...
But even with these important improvements, this legislation remains the largest corporate bailout in American history, forever changes the relationship between government and the financial sector and passes the cost along to the American people...
The decision to give the federal government the ability to nationalize almost every bad mortgage in America interrupts a basic truth of our free market economy.
Government cannot control outcomes in the economy without eroding the independence and integrity of our free market system. When the government chooses winners and losers in the market, every American loses.
This Congress will choose whether we will confront this crisis by elevating the individual and personal responsibility or by elevating the role of the state in our financial markets and our daily lives.
Some say that this crisis is too acute to rely on antiquated notions about the role of government in the private sector, but I disagree. I believe the principles of limited government, free enterprise and representative democracy are as relevant today as they were in 1776...
There are no easy answers, but the American people deserve to know there were alternatives to massive federal spending...
With this bill we place upon the American public a responsibility which is not theirs: bailing out financial institutions after they made irresponsible business decisions. This we should not do.
Instead we should confront this crisis with resolute courage and faith in God and the principles of freedom and free enterprise.
U.S. Congressman Mike Pence : 6th District Of Indiana
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