As we've been working on this for the last number of months, in speaking to people at home, to economists, to experts, to businesspeople from the Reagan administration or from the Clinton administration, and to everything in between, I think the great thing about this opportunity is that we've gotten a very broad perspective, and the message has been very clear. There is no silver bullet. There is no one answer that is going to solve this in terms of creating consumer demand and confidence. You're going to have to try a number of things--be bold. Move it along because we're hemorrhaging--so we can get things stabilized as quickly as possible. The great thing is that 90 percent of the jobs being created are private-sector jobs. The private sector is going to drive the economy.
Ron Klein: “As we've been working on this for the last number of months, in speaking to people at home, to economists, to experts…”
Editor's note · Context
Discussing economic recovery and the role of the private sector during a House floor debate.
Share
More from Ron Klein
I thank you for your passion and your expression of what's going on in Minnesota. I think we're seeing that the same situation is going on in all 50 states. For those of us who lived during recessions before, some recessions were tied to…
The cost per day that the war is costing us, if you will, $339 million per day. That is a staggering amount of money. Now, again, I'm not here to say that we don't have to fight wars, or don't have to do the necessary things to protect…
A new Apollo Project for energy is really a mission to rebuild our economy. Smart energy policy is, in fact, good economic policy. The two are inextricably intertwined. Done right, solving our crisis of climate change and oil dependence…
The way this is designed is that the loans are structured between the risk catastrophe fund and the Treasury under terms and conditions that are acceptable to the Treasury. Now, if there is a default under those terms and conditions, it's…





