Floor Speech given in the House Chamber on June 15, 2010.
M. Speaker: The proponents tell us that this bill will increase lending to small businesses. To do so they are creating a $30 billion slush fund to make loans to smaller banks, therefore encouraging smaller banks to make loans to small businesses. Or so they say.
It is a splendid example of what I like to call McClintock’s Second Law of Political Physics: the more we invest in our mistakes, the less willing we are to correct them.