Political Quotes

“The bills before us do something for people of all economic classes in the country--they help working families and the poor; they're good for the middle class; and they're good for millionaires. Let me talk about each group and how it helps. First, millionaires. It gives millionaires more ways to lose their money. Isn't that exciting? Previously, again, you not only had to be a millionaire, but you had to be a millionaire with the right connections to be networked to a company that's doing a private equity offering. Otherwise, you weren't allowed to find out about it. This will put all millionaires on an equal footing and will give them the opportunity to examine prospectuses on company sites, have them presented to them under the Access to Capital for Job Creators Act, allow them to squander their money on startups, and to, of course, occasionally reap a reward as they hope to do. Again, this money that's invested will then create jobs. It will help fund the companies and get them off the ground, giving millionaires many more ways to lose their money through investing in risky startup companies. What does this do for the middle class? Again, it gives the middle class more ways to risk their money and lose their money as well. Previously, with a middle class family, the average net worth in this country was about $100,000. They were unable to invest in a startup company. They were not accredited investors.…”