Jerry McNerney actually said...

"there is no way we can do that because a fear that the progress we made will be lost in a deregulatory frenzy."

"So are tax policies such as suggested by Mr. Edwards capable of distorting the economy maybe as much of some of these loan guarantees?"

"So that might help explain the two percent default rate?"

"So would you explain in clear terms, Mr. Reicher, the difference between a loan guarantee and a grant?"