Judd Gregg: “I want to put down what I would call a red flag of reason, let's call…”

On the recordJanuary 22, 2008

I want to put down what I would call a red flag of reason, let's call it, as we move forward on this stimulus package. Let's first understand what the problem is we are confronting. The economy has a serious overextension of credit. This overextension of credit occurred because, as often occurs, there was a period of exuberance in the credit markets.

Said by

Judd Gregg

Source

govinfo.gov

Editor's note · Context

Discussing the economic situation and the need for caution regarding a stimulus package.

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Judd Gregg: “I want to put down what I would call a red flag of reason, let's call it, as we move forward on this stimulus package.…”

Editor's note · Context