E2228 CONGRESSIONAL RECORD — Extensions of Remarks October 3, 2008 

above the interests of foreign countries, foreign producers, importers and the multinational companies that were taking advantage of mercantilist practices in China. 

American manufacturers wanted the U.S. 

government to put the interests of American 

producers ahead of the law firms representing foreign shipping companies, the 

lobbyists representing Wall Street and, 

again, the multinational companies that 

were swimming in record profits by sending 

their production offshore; all while the critical manufacturing sector was left for dead. 

‘‘Good riddance,’’ said the financial elite and 

its power structure: ‘‘those jobs sucked anyway.’’ 

Those same free-market, capitalist, antigovernment, anti-regulation ideological zealots are now begging—demanding—that taxpayers give them a trillion dollars for destroying the American economy. 

I never once reported about the dire warnings of an economic meltdown—about the inevitable financial catastrophe being caused 

by the asymmetrical global trade imbalances 

that were mounting by the day. I had my 

own 401k to worry about along with three 

older children, and I was not going to be a 

reporter who stoked the possibility of economic Armageddon. 

I guess I was wrong. I guess I should have 

been reporting on the impending collapse because President George Bush, Treasury Secretary Hank Paulson and Federal Reserve 

Chairman Ben Bernanke sure haven’t had 

any such reservations about scaring the 

bejesus out of us. 

What strikes me as particularly sad, however, is the clear FACT that in all of the discussion about bailing out the financiers and 

their agents who killed the American economy, there has not been one mention of the 

real reason for America’s collapse, nor of 

what is needed to start the long process of 

restoring the country back to some semblance of economic health. 

The housing bubble and sub-prime loans 

are only part of the problem. 

The real culprit is the fact that almost everything Americans buy is made somewhere 

else. The country continues to ship all of its 

wealth overseas. Did the economic policy 

makers not watch the opening ceremony of 

the Olympic Games in Beijing? Have they 

not seen the 200–story skyscrapers going up 

in Dubai? 

The core of America’s economic problems 

stem from the trade deficit and the elimination of tens of thousands of factories and 

millions of jobs that were creating the 

wealth the country needed to pay for everything. Without that wealth, the financial 

sector invented playthings and the nation 

borrowed until it could borrow no more. 

Oh, but wait! The answer to the problem is 

to borrow more to bailout the people who 

over borrowed. The Paulson proposal, unexpectedly defeated on Monday September 29 

in a harrowing live television broadcast, was 

to allow the U.S. government to payoff bad 

debts by going deeper into debt. It did not sit 

well with anybody. 

September 29, 2008, will be an important 

day in the history of the American Republic. 

It is the day the American era ended. Watching the live pictures on CNBC of the traders 

in the pits watching the television monitors 

above their heads as the vote on the House 

floor was tallied was like watching New 

Yorkers standing in horror as they watched 

the burning World Trade Center towers in 

2001. The congressional vote count was simulcast with the Dow, and they were crashing in unison. There was shock in the eyes of 

the traders, and a panic among the CNBC 

broadcasters, who couldn’t believe what they 

were witnessing. These men and women are 

consummate professionals and are not prone 

to panic. But there they were barking out: 

‘‘What’s happening with gold?’’ ‘‘Look at the 

oil markets!’’ The market did what the towers did and what our President predicted: it 

collapsed. For the second time in seven 

years, the energy was visibly drained out of 

Lower Manhattan and the country at large, 

as it realized a scary new era had begun. 

Yet, there is still NOT ONE mention from 

anyone in power—especially not the two 

presidential candidates, nor of a single congressional leader—of what is really needed to 

bailout the United States. 

The only way out of this mess is for the 

United States do everything it can to make 

the country what it was until 30 years ago: a 

nation that valued manufacturing. 

The U.S. economy long ago collapsed 

around domestic manufacturers. Now it’s 

collapsing around the financial wizards who 

either forget or didn’t know that their livelihoods depended on a robust industry and 

workers making livable wages. 

As someone who works in Washington, attends press conferences, government meetings, congressional hearings and who asks 

questions of the power elite, I can assure you 

from first-hand experience that the United 

States government did not do a single 

thing—nothing—to re-set the global ground 

rules to allow U.S. industry and its millions 

of workers to be competitive. In fact, all the 

rules were changed to favor the foreign and 

financial interests. The country is now paying the real price of saving a few bucks at 

Wal-Mart. 

The United States government and its 

elected reprsentatives long ago stopped representing the interests of American workers 

and American producers. If there is any silver lining in the historic House vote on the 

Bailout Plan on September 29, it is that 

maybe Congress has woken up to the power 

of the people. Unfortunately it was the 

wrong time to wake up. ‘‘The people’’ must 

now pay the consequences of their elected 

representative’s somnambulance. They must 

now prepare to confront the ‘‘dire’’ consequences caused by decades of Wall Street’s 

short-term focus on quarterly profits at the 

exclusion of everything else. 

The country has a lot to learn from American manufacturers and their workers, and it 

will not like what’s coming one bit. 

f 

IN RECOGNITION OF GOODWILL INDUSTRIES OF GREATER NEW 

YORK AND NORTHERN NEW JERSEY ON THE OCCASION OF ITS 

COMMUNITY CONNECT ACTION 

DAY 

HON. CAROLYN B. MALONEY OF NEW YORK

IN THE HOUSE OF REPRESENTATIVES

Friday, October 3, 2008 

Mrs. MALONEY of New York. Madam 

Speaker, I ask that my distinguished colleagues in this House join me in saluting 

Goodwill Industries of Greater New York and 

Northern New Jersey. This outstanding institution has proudly and effectively served residents with disabilities and disadvantages living 

in the New York City metropolitan area since 

its founding in Brooklyn in 1915. Throughout 

its illustrious history, Goodwill Industries has 

carried out its critical mission, which is to ‘‘enhance the quality and dignity of life for individuals, families and communities.’’ 

Last year, Goodwill Industries of Greater 

New York and Northern New Jersey provided 

services to more than 120,000 people, placing 

13,000 in jobs. Over the course of the last five 

years, it helped to connect 53,000 persons 

with employment opportunities. In 2007, it 

served more than 9,500 persons with disabilities, and placed almost 2,800 of them in jobs. 

Goodwill Industries of Greater New York and 

Northern New Jersey employs more than 

1,800 people with disabilities, and its youth 

programs provide education, recreation and 

enrichment to 9,400 children and their families. And, as the Member of Congress representing the neighborhood of Astoria in the 

Borough of Queens, I am proud of Goodwill 

Industries’ long-term commitment to serve the 

Two Coves community of Astoria, where its 

headquarters are located. 

This year, the Northwestern Mutual Life Insurance Company is celebrating its 150th anniversary by supporting family-strengthening 

initiatives across the nation. Northwestern Mutual is working in tandem with Goodwill Industries International to achieve this laudable 

goal. With 184 member and affiliate Goodwill 

agencies around the world serving 1.1 million 

individuals and placing 140,000 in employment, the program promises to be an outstanding success. 

This month, Goodwill Industries of Greater 

New York and Northern New Jersey and the 

Northwestern Mutual Foundation are co-sponsoring a Community Connect Action Fair at 

Lighthouse Park on Roosevelt Island in New 

York City to help connect New York families 

with employment and community resources 

while providing healthy, entertaining activities 

for children and adults alike. 

Madam Speaker, I ask that my distinguished 

colleagues rise to join me in saluting the tremendous contributions of Goodwill Industries 

of Greater New York and Northern New Jersey to the civic good of the communities it 

serves, and to recognize the vital support for 

those efforts provided by the Northwestern 

Mutual Life Insurance Company and its Northwestern Mutual Foundation. All Americans 

owe these great institutions a debt of gratitude 

for their selfless and compassionate efforts to 

serve others. 

f 

HONORING THE 33RD ANNIVERSARY OF BISHOP GEORGE W. 

BROOKS 

HON. MELVIN L. WATT OF NORTH CAROLINA

IN THE HOUSE OF REPRESENTATIVES

Friday, October 3, 2008 

Mr. WATT. Madam Speaker, I am pleased 

today to recognize the 33rd anniversary of 

Bishop George W. Brooks as Senior Pastor 

and Chief Elder of Mount Zion Baptist Church 

in Greensboro, NC. 

Since becoming the pastor of Mt. Zion Baptist Church in 1975, Bishop Brooks has proven 

to be an inspirational leader in Greensboro, 

our nation and around the world. 

Under his leadership, the Mt. Zion Baptist 

Church has flourished from 35 members in 

1975 to over 5,000, and 42 ministries that 

work to address some of the fundamental 

needs of its congregation, the Greensboro 

community and people abroad. Examples of 

these ministries include daycare and afterschool programs that serve 200 children daily, 

homeless outreach, health and wellness care 

and the One In Christ Bible College. Internationally, Bishop Brooks and his congregation have established churches and schools in 


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October 3, 2008 CONGRESSIONAL RECORD — Extensions of Remarks E2229 

West Africa, South Africa and the Philippines, 

including the first Bible School in a South African prison to reduce recidivism. In the midst 

of all his accomplishments, Bishop Brooks is 

also an outstanding husband, father and 

grandfather. 

Bishop Brooks is also the co-founder of the 

Welfare Reform Liaison Project, a program 

that has been recognized by the U.S. Department of Housing and Urban Development for 

empowering welfare recipients with the skills 

to become self-sufficient. 

Madam Speaker, we are often reminded 

and we all agree that government can’t solve 

all our problems. It’s great to know that we’re 

getting help on the ground from faith and other 

non-government organizations. Bishop Brooks 

and Mt. Zion Baptist Church are certainly 

doing their part. I’m sure my colleagues join 

me in wishing Bishop George W. Brooks and 

the Mt. Zion Baptist Church congregation a 

happy 33rd pastoral anniversary and best 

wishes for years to come. 

f 

HELPING AMERICAN WORKERS 

HON. TOM UDALL OF NEW MEXICO

IN THE HOUSE OF REPRESENTATIVES

Friday, October 3, 2008 

Mr. UDALL of New Mexico. Madam Speaker, we cannot allow the understandable focus 

on Wall Street to distract us from the struggles 

facing America’s working families. The families 

of more than 5,000 New Mexico workers who 

are still looking for jobs in our struggling economy could soon face destitution. On this day 

when we consider legislation providing $700 

billion in taxpayer dollars to bail out Wall 

Street, we must do something to help the 

working families and to make our economy 

start producing jobs again. 

The Unemployment Insurance extension bill 

we are voting on today does what is right for 

New Mexico workers who need a helping 

hand so their families can make ends meet 

while they look for jobs in our struggling economy. It also does what’s right for every New 

Mexico family concerned about our state’s 

economy, because it will boost economic 

growth so we can start producing jobs again. 

Experts consider extending unemployment insurance to be one of the quickest and most 

efficient ways to make the economy produce 

jobs again, since the benefits go to workers 

who need the money and will spend it quickly. 

Moody’s Investor Service’s Economy.com 

Chief Economist Mark Zandi estimates that 

every $1 increase in UI benefits results in a 

$1.64 infusion of economic activity. 

Numbers released today by the Bureau of 

Labor Statistics show that America has lost 

jobs for 9 straight months. New Mexico’s unemployment rate rose from 4.1 percent to 4.6 

percent in August, the last month for which 

numbers are available. It is up from 3.1 percent in January. Since the beginning of the 

year, the economy has lost 760,000 jobs. The 

job loss in September was the largest onemonth jobs loss in 51⁄2 years, more than twice 

the average of the previous 8 months. 

These numbers make two things clear. First, 

the Bush administration’s economic policies 

have failed, and we need to go in a new direction. Second, American workers need our support. They are suffering because of economic 

policies they had nothing to do with. As I continue to work for real reforms to fix our financial system, I will not forget New Mexico’s 

working families. 

f 

HONORING TEXAS STATE 

REPRESENTATIVE PAUL MORENO 

HON. SILVESTRE REYES OF TEXAS

IN THE HOUSE OF REPRESENTATIVES

Friday, October 3, 2008 

Mr. REYES. Madam Speaker, I rise today to 

pay tribute to my fellow El Pasoan, Texas 

State Representative Paul Moreno, an institution in El Paso and the State of Texas and the 

longest serving Hispanic elected official in the 

United States. 

After over 4 decades of public service and 

a distinguished career defending and championing the rights of the poor and 

disenfranchised, he has left his mark on American politics. 

Born in 1931, Paul Moreno grew up in the 

Segundo Barrio of South El Paso. After high 

school, he proudly served 6 years in the 

United States Marine Corps and saw combat 

in Korea, earning the Presidential Unit Citation, the Silver Star, the Bronze Star, the National Defense Service Medal and the Korean 

Service Medal. 

After his military service, Paul went on to 

earn his bachelor’s degree from Texas Western, now the University of Texas at El Paso, 

and he also attended the University of Texas 

at Austin School of Law. 

Representative Moreno first won election to 

the Texas House in 1967. During his tenure, 

he has always been a passionate and outspoken advocate for the poor, the disabled, 

and the underdog. He fought on behalf of the 

next generation of Texans and vigorously supported improving education, economic opportunities for our youth and health care for our 

children. He has been a staunch advocate on 

behalf of teachers, and for over 40 years has 

been a champion of working families. In short, 

Paul Moreno has been a voice for the people, 

and many consider him to be the ‘‘Conscience 

of the Texas House.’’ 

Representative Moreno has worked with 8 

governors and many speakers of the House, 

and currently presides as the dean of the 

Texas House. Even though his voice may no 

longer echo in the halls of the State Capitol in 

Austin when his term is over at the end of this 

year, it will continue to guide those who strive 

to live up to the example of public service that 

he has set for us all. He will be missed. 

f 

T4 

HON. ERIC CANTOR OF VIRGINIA

IN THE HOUSE OF REPRESENTATIVES

Friday, October 3, 2008 

Mr. CANTOR. Madam Speaker, I submit the 

following: 

T4 . . . . 

The next generation! 

As great as any others who have come before! 

An Army Man . . . 

Who, with but his great heart here now so 

stands! 

Part Titanium, Part Man . . . The New Prototype, of an Army Man! 

Who’s Tours DeForce . . . 

All in his life’s force, with his tours of duty 

while all out on death’s course . . . 

A Freedom Fighter, the kind our hearts and 

souls so here ignite here . . . with all of 

his great life’s force! 

Special Forces . . . 

And 107th Cav, those great men of honor who 

freedom so enforce this! 

With great acts of daring and might, with all 

of their most superhuman feats . . . are 

but freedom’s voice! 

Where do you go? 

When your face and body, have been blown 

and shattered here so? 

How do you rebuild with no back left still? 

For it’s all found so deep down inside, 

in what a heart can will! 

Piece by Piece, as this T Man has grown . . . 

Day by Day, Hour by Hour . . . as all have so 

found out what his soul can shower! As 

he stands alone! 

To find the courage on battlefields of honor, 

in operation rooms he towers! All in 

courage’s finest hour! 

Eggleston, a doctor’s son . . . 

A sure fine one, as is this America’s Son . . . 

Terminating evil this one! 

A Virginian who so shines, for all of us so in 

time . . . as we watch his heart . . . his 

fire . . . burn like The Sun! 

For all of those who go off to war . . . 

Are but the greatest of all Americans so 

sure, who for us all . . . our very freedom do so insure! 

For all that we have, all in this land of the 

free . . . is but bought and paid for, by 

all these fine heroes sure! 

The people who hate war the most! 

Are but all of those Magnificent Brave 

Heart’s, who must face death . . . and 

lose their comrades close! 

And leave their loved ones behind in tears, 

with sleepless nights here . . . all so 

that we can have the most! 

In life, all is possible in what you feel . . . 

All in what you so stand for, your ideals . . . 

deep down inside ones heart so real . . . 

That let’s you go off to war, to face heartache and death . . . and evil to endure 

and rebuild, and not yield! 

Like T4 . . . 

Bodies can grow and rebuild, with but hard 

work, courage and iron wills . . . with 

titanium and more . . . 

But, without a heart . . . one can not so live 

and endure . . . only with, these special 

forces within like T4! 

Dedicated to Charles Eggleston. 

Grew up in Richmond, Va. E6 Staff Sergeant 

Special Forces and 107th Cav. 

He was injured in Mousal, Iraq, in an IED 

blast. Legs, back and face reconstructed with titanium. 

f 

IN HONOR OF CAPTAIN ROBERT 

VALLEJO II 

HON. MICHAEL C. BURGESS OF TEXAS

IN THE HOUSE OF REPRESENTATIVES

Friday, October 3, 2008 

Mr. BURGESS. Madam Speaker, I rise 

today to pay tribute to Captain Robert Vallejo 

II who was killed on September 18, 2008, 

while serving our country. 

Captain Robert Vallejo II was a captain in 

Texas National Guard. He and six other Guard 

members lost their lives while on duty aboard 


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