We are in the midst of the greatest economic challenge we have seen in a generation and we need to look for leaders who understand this, who understand history, and who understand the way markets work.

How do we protect the investor?

I think you have now touched on my second point, regulation and transparency enough or actually looking, as you said, at, in effect, the social utility of some of these products in terms of prohibition or not?

It is important, so important that we don't have a whole generation of young people scarred by this deep recession.

How do we get everybody underneath that regulatory umbrella?

Eric Holder is a good man.

It's an honor and a privilege to support Donald Remy's nomination before the Senate Armed Services Committee.

But, also a national army is a component of a viable national government.

If you cannot clearly articulate when the commitment will be ended, then we tend to move sort of in an ad hoc way.

Stability is one issue. But being mandatorily committed to coming to the defense of a country...is very troublesome.

We're entering a period where DOD, and I think the people at this table understand it--other people in DOD have to realize that these budgets are going to get a lot tighter, these programs are going to have to be justified.

We have a stewardship to those people, that's quite a bit different than the way we address the career force.

It points to a concern that a lot of people who have served and a lot of people who have written about the situation in Afghanistan share. That is that maneuverability is the most effective way to conduct operations against international…

I have often remarked, as someone who grew up in that environment and also had to watch a son and a son-in-law deployed to combat, it is probably harder being a family member either with a father or a spouse deployed or having a child…

Thank you, Mr. Chairman. First, Mr. Chairman, I would offer a comment about the preparation that Dr. Westphal has made for this position.

For every slot that is given to one person, it is arguably taken away from someone else.

My strongest objections early on were the interference of the political process into the day-to-day decisions that should have been left to the military.

We all feel very strongly that, as much as possible, our military should represent America, but we also, all of us I think, feel very strongly that should occur with demonstrable standards of fairness.