Scott Garrett

Mr. GARRETT of New Jersey

Mr. GARRETT of New Jersey. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 657) to amend the Securities Exchange Act of 1934 to augment the emergency authority of the Securities and Exchange Commission, as amended.

Mr. GARRETT of New Jersey

Mr. GARRETT of New Jersey. Mr. Speaker, I thank the gentlewoman for yielding me this time. Mr. Speaker, I rise to honor the 92nd birthday of our 40th President, the honorable and great Ronald Reagan. We live in a world today that is very similar to the world that Ronald Reagan faced as President in 1981 to 1989. Just as the President overcame an economy that at the time was buried in a recession and he fought to rid the world of communism, so too our President today, George W. Bush, is working hard to put in place an economic package that will spur on the economy, while continuing to fight terrorism, both here and abroad as well. President Reagan entered the White House in 1981 when the economy was in a recession. His solution to that problem was dubbed then, and we still call it today, ``Reaganomics.'' It involved an immediate and across-the-board tax cut; and it was designed to create jobs, encourage investment, and provide economic efficiency in this country. His policies essentially laid down the foundations for a prosperous and generous society. His tax cuts eventually led to higher government revenues, not less; greater economic efficiency and, ultimately, pulling us out of that recession. President Reagan also took a strong moral stance against communism on all fronts. Knowing that our Nation faced grave threats on a daily basis, he provided our military with the resources they needed at that time to get the job done, and they were able to get the job done. President Reagan is really one of the greatest figures of our time, and he will be remembered in the White House and in this Nation as a man of great talent and great character. We must honor his legacy today by continuing to ensure that tyranny is conquered by liberty and that every American sees permanent tax relief in their checkbook. I believe we do this, Mr. Speaker, by continuing to make every effort to stand for freedom, defend our citizens, and to help make the world a safer and better place to live. We do that by bringing terrorists to justice and spreading prosperity to all Americans with job creation and immediate tax relief.