Rep. McClintock gave the following floor speech on March 3, 2009.
M. Speaker: Sierra Pacific Industries just announced the closure of its sawmill in Quincy, California, throwing another 150 families out of work.
They made it clear that the recession wasn’t the cause but merely the catalyst. The real cause is that their regulatory costs – and litigation because of regulation – now exceeds their profit margin. Two thirds of their harvest is tied up as a result.
