Political Quotes

On the recordJanuary 29, 2008
let me say this to the membership on both sides. I believe that we've come together in a bipartisan way to pass this legislation today because we have confidence in America. We have confidence in the American people. We believe the American people have a right to have confidence. And I would say whether we're Members or Americans, I would say to all of us, you have every reason to have confidence in this country. You have every reason to have confidence in the workers of this country, their innovative ability and their ability to produce and compete in the world economy. You have every reason to be confident in the American economic system. That's the message that I heard in New York City from many institutions that said they had money to loan. There are companies out there who are making money, that want to hire people, that want to build new plants, that want to expand, that want to buy equipment, that want to invest in new technology, but because of what they read in the paper, not because of their balance sheet, but because of what they're hearing is that things may get worse, there is a lack of confidence out there. I don't believe that it is entirely justified. This country has challenges. This economy has weaknesses, and we've talked about those. But our underlying fundamental economic system and our financial system is sound.
Said by
Spencer Bachus
Alabama

Editor's note · Context

Discussing the need for confidence in the American economy and its workers.

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