Political Quotes

“We need to understand something. This is a free enterprise economy. What has made America great is because if you go back 150 years, we had a dream called manifest destiny. We had a continent that needed to be settled and developed. Individual personal capital was invested. Banks grew because they could make money off loaning, and entrepreneurs could borrow money. They were going into an environment within the continent, within the borders of the United States, in a low-tax and sometimes a no-tax environment and often no regulation, but certainly a low-regulation environment. So they invested their money. This country was settled and developed in lightning speed by historical standards because we had a very positive environment here for economic growth. Then as this society began to get a little older and began to develop, they began to take protection. So the older we get, someone would decide that they needed to have some influence and so they would want to advocate in Congress and in the State legislatures for taxes and more taxes and regulation and more regulations. That is how this has grown into this situation. But a prosperous, dynamic economy has got to be one with the least amount of regulations possible and the lowest amount of taxation necessary to keep a government functioning to provide the necessary services.”