Thank you, my friend. I appreciate your yielding. I want to just make a couple of comments. One thing, we have a recent experiment in this kind of economic theory. I think if we look historically, not only did the idea of spending more and…
Thank you, my friend. I appreciate your yielding. I want to just make a couple of comments.
One thing, we have a recent experiment in this kind of economic theory. I think if we look historically, not only did the idea of spending more and more money not work during the Great Depression, in fact the only thing that got us out of the Depression was cranking up the manufacturing sector, the private manufacturing sector, to supply the needs for World War II. That is the only thing that got us out of the Depression.
But I just want to remind you, I know my dear friend from Missouri, Mr. Akin, remembers just recently the Japanese tried the same kind of philosophy. I don't think it worked there either, did it?
Thank you, and I appreciate that. Absolutely. I frequently say at home, as I am going around the 10th Congressional District in Georgia, that socialism has never worked; it won't work today, it has never worked in the past, and that is exactly what we are doing.
I described the stimulus bill that we passed here in this House a couple of weeks ago as a steamroller of socialism being shoved down the throats of the American public, and that will strangle our economy and kill the American people economically. I believe, likewise, that we are seeing bill after bill; in fact, just tomorrow we are going to have a housing bill here on the floor that is going to create bigger government and spend more money.
Certainly people need to be able to buy houses. People need to be able to buy cars. The Big Three auto makers are having problems. I have my own dealers at home that talk to me about the car sales. In fact, I visited one and talked to the service people, I talked to the used car people, I talked to the new car people, I talked to the folks across the board, and in a large dealership in the 10th Congressional District back during this last break, a week ago, and they're suffering. People are hurting around this country. And we need to do something. And there is absolutely something that can be done.
Republicans have proposed things that go along with what you're talking about tonight, the supply side, which means that we need to get dollars back in people's hands. We need to have small business be able to have the capital, money, to be able to create a new job, to be able to go out and buy inventory, to be able to do the things that they need to be successful as a small business. And that's the economic engine of America.
I was just watching ``Fox and Friends,'' I guess two mornings ago, and the people there were talking about that the banks are the economic engines of America. They are totally misled. Small business is the economic engine of America.
You've got a great chart here. I know you're going to explain it to our viewers tonight and show pre-tax relief and post-tax relief. And the great thing--I'll stop here in a second, but the great thing about this chart that you're just fixing to explain is it shows that tax relief will stimulate the economy.
By getting the regulatory burden and the tax burden off of small business, we'll create jobs. We'll have a strong economy. People will have good-paying jobs so that they can buy a car, can buy a house, can pay for their college education for their children or technical education, they can do the things that they need, buy clothes, and all the things that come together to create a strong economy.
So if you would explain that chart for us, I'd appreciate it.
Well, you're exactly right, Mr. Akin. And I think we're going to see a marked reversal in job creation as the capital gains tax goes higher. In fact, I'd like to remind my colleague, back when, in the last Congress, Republicans and Democrats alike had an alternative plan to the, what I call the Wall Street bailout bill, the TARP fund bill, the Troubled Assets Relief Program, where we were promoting not only not allowing the capital gains tax-- keeping it from expiring, but we were promoting lowering that, change the accounting principles that froze all the economic markets. And I fault Hank Paulson, Secretary Paulson, frankly, for not even letting our bill touch his lips or come across his throat. And nobody on the majority side would consider our bill.
We had a plan that would not borrow from our grandchildren, like the TARP funds, Wall Street bailout bill did. Republicans have had a plan, actually, for a stimulus that would have actually stimulated the economy when we passed the stimulus bill a couple of weeks ago. And then now, just today, we voted on a bill that I think is going to exacerbate--that's a medical word that means ``make it worse.'' But it's going to make the problem worse for the American family.
In fact, I hope that President Obama will fulfill his promise he made to the American people. He said that he did not want to--he would not sign a bill that had earmarks in it. This bill today had over 9,000 earmarks in it. Last night he said that the stimulus bill didn't have any earmarks in it, and that's not factual either. That's totally false.
Well, thank you, Mr. Akin. I just want to point out something here, too.
As Dr. Gingrey has come on the floor, he and I have the mutual thought that President Obama has promised the American people that he would veto any bill that had earmarks in it. I call upon the President to veto
this bill that we passed today. It has over 9,000 earmarks in it.
Well, whatever.
You don't know what he's going to say. We heard last night that that porkulous bill as you and I call it--I call it a steamroll of socialism being shoved down the throats of the American public. He said last night in his State of the Nation Address that there were no earmarks in that bill. The whole non-stimulus bill was earmarks. It was payback to all of the liberal folks who supported him and who supported our Democratic majority.
But the point I wanted to make is that we hear from our friends on the left that Republicans don't have any ideas or that they're old ideas. The thing is that that's absolutely false in itself. Just on today's bill, I offered an amendment that the Democrats would not take that actually cut the discretionary spending out of this bill by 10 percent. American families are cutting their budgets. They're hurting.
Well, no, they wouldn't let it. Now, the thing is we heard from the leadership on the Democratic side that we were going to have a new era of openness and fairness, but we weren't allowed any amendments. The Rules Committee ruled that this was going to be a closed rule, that they wouldn't accept my amendment or any others. The Republican party had another amendment to just freeze spending across the board, not increase it, just not bring this bill to the floor, just continue to have another continuing resolution to continue current spending for the rest of this budget year. That wouldn't be considered.
We've brought plan after plan, project after project. We've brought forth to the Democratic majority many ideas that would stimulate the economy, that would create jobs, that would leave money in the hands of the people as well as small business, that wouldn't borrow from our grandchildren, but the Democratic majority won't even consider those things, and they've totally shut us out.
On the Internet.
Well, in Georgia, in my part of the woods, we say, ``That's hogwash,'' the claims that we hear.
We've heard rhetoric, both from the President as well as the leadership in this House, about fairness. Well, they're not being fair to Republicans with the closed rule so we can't present our ideas and all.
But the thing is, it's not only not fair to Republicans, it's not fair to the men
and women of America. It's not fair to the working families of America. It's not fair to the small business of America. Because we're being overrun with this socialistic idea that's going to destroy jobs, it's going to create more economic problems, just as we saw during the Great Depression.
All the great spending, all the big growth of Federal Government that we're seeing just markedly grow with these ``porkulous'' bills--the Wall Street bail-out bill, the non-stimulus stimulus bill we had 2 weeks ago, the bill we have today, and we're going to get another one tomorrow, and we're going to see more and more and more. And the thing is, it's not fair to the American people because what we're doing is we're killing our economy.
As a physician, let me tell you, it's not going to. Government regulation is what's driven up the cost of health care markedly.
When I was practicing medicine down in rural south Georgia, as a good example, Congress passed CLIA, the Clinical Laboratory Improvement Act. I had a lab with quality control because I, as a physician, wanted to make sure that any lab test I did was accurate. We spent a lot of time, energy, and money making sure that those tests were accurate.
Well, CLIA shut down my lab. If somebody came in to see me with a red sore throat, had white patches on the throat, running a fever, aching all over, I would do a CBC, a complete blood count, to see if they had a bacterial infection and thus needed antibiotics, like penicillin, or if they had a viral infection. Both clinical pictures could be exactly the same. Even allergies will present with the same clinical picture, even the fever.
So I would do this simple blood test. I charged $12 for the test. CLIA shut my lab down. I had to send my patients over to the local hospital, and they charged $75. I could do the test in 5 minutes. It would take 2 to 3 hours to get the results from the local hospital.
Now, what did that do across the whole of the spectrum of health care? It markedly drove the cost of--insurance and all health care markedly were elevated because of that.
And Congress, not long ago, passed HIPAA. I call all of these things ``critters,'' and if you see a critter coming down the pike, you better hold on to your wallet because it's going to take a big bite out of it. But HIPAA has cost the health care industry billions of dollars and hasn't paid for the first Aspirin to treat the headaches that it's created.
So if we get the regulatory burden off of health care and we let the doctor-patient relationship be how health care decisions are made, we can literally lower the costs. But this ``porkulous'' bill is a giant push towards socialist medical care here in America, too. So it gives me great concern for me and for my physician colleagues, but it even gives me more concern for my patients.
It's been said around here, if you think medicine is expensive now, wait until it's free and provided for by the government. We're going to have terrible quality or degradation of quality of health care. We're not going to have the innovation. We're not going to be developing the new drugs and procedures that we're doing today on the free enterprise system, and it's going to be disastrous.