On the recordApril 23, 2013
Mr. Ryan, your lesson on American history is right on. We often hear some of our colleagues talk about the Founding Fathers-- the Founding Fathers wouldn't do it this way, they wouldn't do it that way, or they would. It's very interesting that George Washington on becoming President, the first President, went to Alexander Hamilton, his Treasury Secretary, and asked Mr. Hamilton to develop a strategy to grow the American economy. Alexander Hamilton came back with a report 3 or 4 months later, laid out about a dozen different elements, and in that report that Alexander Hamilton brought to President Washington was the genius of what you just described. He said, the Federal Government should provide for infrastructure investment. He didn't call it infrastructure. The Federal Government should build canals, ports, and roads. He also said, the Federal Government should buy American-made products to encourage manufacturing in America. So this is not new. Your recitation of American history down through the line actually began with our very first President, laying out the partnership, the public-private partnership, the Federal Government playing a key role in those investments that create economic growth.
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