On the recordApril 29, 2010
I thank Senator Dodd for all his work on so many issues. Just the way things worked out, he has been so pivotal in health care reform and now in Wall Street reform. This is an era of reform. My friend should be very proud that he happens to be here at this time, because we can't go back to the days we left. As a reminder, I will show you some of the headlines. It is worth a minute of looking at these headlines. This is taken from 2007 and 2008, some of the headlines we had to face in those times: ``U.S. unemployment rate hits 10.2 percent, highest in 26 years.'' How about this one: ``Nightmare on Wall St.'' ``The bailout to end all bailouts.'' ``Wall Street's latest downfall: Madoff charged with fraud.'' ``Credit crunch continues as lending rates climb.'' ``Jobs, wages nowhere near rock bottom yet.'' ``Where do we go from here?'' ``The Nasdaq in biggest fall since the dot.com crash.'' ``Dow dives 778 points.'' ``U.S. loses 533,000 jobs in biggest drop since 1974.'' We can see the look on this man's face. He is obviously standing in the middle of the New York Stock Exchange. That explains how everybody felt as our constituents lost their wealth. They lost their wealth and with it their confidence in America.





