On the recordJuly 15, 2002
I hope the Senator listens very closely. He may learn something. I know I learn when I listen, and I do not always listen enough. Mr. President, let me begin where the Senator from Virginia ended, and that is that I think the bill fashioned by Senator Sarbanes and this committee does exactly what the Senator from Virginia was suggesting. That would be balanced; we do not do more harm than good. If you look at other times--and I have been a Senator for a while--we faced crises such as this, we have had occasion to overreact. We have found sometimes that the cure is worse than the disease. I note we probably did that in my early days here with Senate campaign financing and other issues. There is a real balance that the Senator from Maryland has struck. I compliment the Senator. I cannot think of any Senator better positioned to be chief spokesman for the Senate and Congress on this issue, not only for the American people but all our allies and the investors worldwide. The dollar now has weakened drastically. In my capacity as chairman of the Foreign Affairs Committee, I have had occasion to meet with leading government officials from European countries and from Asia, asking me, as if I were some kind of broker: Can we continue to invest in your market? Is it real? What is going on? How much more is coming?
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