Political Quotes

On the recordApril 28, 2010
Mr. Speaker, I come here to the floor tonight to talk about a range of issues. Perhaps if I would pick up on the financial side of this and go through a list of some of the things that have happened that I think contributed to the 'Great Recession' that some refer to it as. And I would take us back a long ways. I would take us far back to the time that there became implicit guarantees that the Federal Government would do bailouts. I remember those years of the eighties that the gentlelady mentioned. I went through 28 years of business, and I was highly leveraged going into the farm crisis of the eighties. I know the pain of that. I lived for 3 1/2 years with a knot in my stomach that didn't go away unless there was something incredibly distracting that would cause it to disappear, and then I remember it would form again.
Said by
Steve King
Republican · Iowa
Source
govinfo.gov
Apr 28, 2010

Editor's note · Context

The speaker discusses the causes of the Great Recession and personal experiences related to economic crises.

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