(CNN) - Longtime Michigan Democratic Rep. John Dingell announced Saturday he will seek reelection:
“Given the current status of our economy, Michigan needs experienced leaders in Washington to stand up for our families and help dig the state out of this economic depression,” Dingell said, according to prepared remarks. “Now is not the time to walk away."
Dingell, who has served in Congress since 1955, represents Michigan's 15th Congressional District.
Dingell's full remarks after the jump:
I have the experience and determination to make sure we are doing what we have to do to create jobs and get this economy back on its feet. I am putting all my effort into fighting for Michigan’s working families. I will continue this crucial fight if voters of the 15th Congressional District decide to honor me with another term in office.”
"John Dingell strongly supports small businesses and technology," said Dr. Sastry, CEO of Sakti3 in Ann Arbor, Michigan. "He is personally committed to seeing our State contribute to the next generation of vehicles and vehicle technologies – I know this firsthand, and it's another reason I'm glad we started our business in Ann Arbor. His efforts on behalf of small business are tireless. We're fortunate to have his experience and expertise in representing us in Washington."
Dingell also spoke of how he intends to continue his efforts to enact new laws to prevent Wall Street from ever again engaging in the risky, greedy behavior that sent our nation into an economic tailspin. Said Dingell, “The rascality that took place by the greedy fat cat bankers on Wall Street is repulsive, and we cannot allow that to happen ever again. Now more than any other time I have seen, there is a need for relentless and dogged questioning from Congress, and as your ‘watchdog’, that is exactly what I am doing. I have introduced legislation that I intend to see enacted into law that would allow the government to break up banks before they are again allowed to get to the point that they are ’too-big-to-fail.’ Further, I have introduced legislation that would tax these outrageous mega-bonuses being given to the very bankers who helped created the financial mess we are now digging out of. It is unconscionable that companies dependent upon the largesse of the federal government for their very existence should in turn pay the very employees partially responsible for our current calamity such irresponsibly exorbitant bonuses, while working families across the country continue to struggle.”
Dingell is no 'Johnny-come-lately' to financial regulation. In 1999, when Dingell opposed the House vote to repeal the regulations that had been in place since the Great Depression to protect Americans from financial collapse, Dingell said: “[W]hat we are creating now is a group of institutions which are too big to fail... Not only are they going to be big banks, but they are going to be big everything, because they are going to be in securities and insurance, in issuance of stocks and bonds and underwriting, and they are also going to be in banks... And under this legislation, the whole of the regulatory structure is so obfuscated and so confused that liability in one area is going to fall over into liability in the next. Taxpayers are going to be called upon to cure the failures we are creating tonight, and it is going to cost a lot of money, and it is coming. Just be prepared for those events.”
Dingell cited a number of other priorities as factoring into his decision to seek re-election. “I have had the great privilege of serving Michigan’s working families for many years, but as I make my way around the District I hear from the people that they still have more for me to do. My people want to know: Why are Americans coming home from the market with dangerous food? Why are health care companies reporting record profits while forcing millions of working families to go without insurance? I have a record of asking tough questions, getting answers and finding common sense solutions to problems.
“From protecting our food supply to reforming our broken health insurance system to putting a sensible energy policy in place that breaks our dependence on foreign oil and promotes the development of renewable and alternative energy sources that will spur green jobs, I hear from Michiganders that they want me to stay in Congress to fight for them. I have more to do in Congress for working families, and I ask the people of Michigan’s 15th Congressional District to send me back to Washington to continue fighting for them as their watchdog and their champion.”