Diaz-Balart: Madoff Couldn't Have Done Better

Statement

Date: Feb. 13, 2009
Location: Washington, DC


Diaz-Balart: Madoff Couldn't Have Done Better

"We are once again faced with an economic stimulus bill that fails to prioritize job creation and will only stimulate the federal bureaucracy. This is a spending bill, not a stimulus. Just like the TARP bailout, it is an irresponsible blank check we cannot afford.

"This spending bill charges every American household $9,418 in order to possibly give back a maximum of $800 to only some. Madoff couldn't have done better.

"Less than 4% of this $789 billion bill goes to transportation infrastructure and less than 1% goes to stimulate small businesses, which represent 99% of Florida's employers and are the real job creators.

"Our economy needs a real stimulus package that will create jobs now and provide American families and small businesses the tax relief they need. Unfortunately this very expensive spending bill will do very little to stimulate the economy and that is why I voted against it," said Diaz-Balart.


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