We Have Other Choices Than This Choice

Press Release

WE HAVE OTHER CHOICES THAN THIS CHOICE -- (House of Representatives - September 28, 2008)

Ms. FOXX. Mr. Speaker, many people know the famous speech from Henry V called: ``We few, we happy few, we band of brothers.''

So, with apologies to William Shakespeare, I want to say that I believe there will be a band of patriot Representatives here today and tomorrow who will resist being led into making an egregious mistake for this Nation. Neither September 28 nor 29 is a particularly significant day, but we will long remember what we do on these days. We face a challenge to our country and to our way of life if what has been told to us is presented on this floor for a vote, and I urge my colleagues not to be fooled by it.

We will not be a happy few if we are presented a plan that takes $200 billion to $700 billion from our taxpayers to try to solve a problem caused primarily by other Members of this body who simply do not understand fundamentally what has made this country great, but we will be right.

The very people in both the House and Senate who helped create this problem, including the chairmen of the respective committees in the House and Senate, gave Fannie Mae and Freddie Mac the authority to abuse our system, and they are now crafting the bailout. They blame others, but there are hundreds of articles that suggest otherwise, including the one here from Calomiris and Wallison, which I submit for the Record.

I urge my colleagues not to be swayed by this siren song that we have no choice but this choice. We have other choices, and the choice we make today will set the tone for our country and, perhaps, for the rest of the world for the foreseeable future.

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