Political Quotes

Austin Scott: “The gentleman mentioned what happened today in the stock market. It is very interesting to note that this whole change…”

On the recordFebruary 27, 2007
The gentleman mentioned what happened today in the stock market. It is very interesting to note that this whole change happened and started early in the morning in China. When you look at how much money we are borrowing from foreign governments, needless to say China with $360 billion in debt, the interconnectedness of this, and our liability to these other countries, make us so dependent on them. In some cases when they sneeze, we are getting a cold, which is what happened today.
Said by
Austin Scott
Republican · Georgia

Editor's note · Context

Discussing the impact of foreign debt on the U.S. economy during a speech.

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