Political Quotes

Bill Foster: “When we have seen in the last several years the $16 trillion drop in household net worth caused by a complete failure of…”

On the recordJuly 16, 2013
When we have seen in the last several years the $16 trillion drop in household net worth caused by a complete failure of the Republican fiscal, regulatory, and monetary policy replaced by an $18 trillion recovery, it is one of the most impressive achievements.
Said by
Bill Foster
Democratic · Illinois

Editor's note · Context

Foster highlights the contrast between past failures and recent recovery in household net worth.

Share

More from Bill Foster

Feb 9, 2026

This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…

govinfo.gov
Sep 18, 2024

This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.

congress.gov
Jul 9, 2024

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

congress.gov
Jul 9, 2024

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

congress.gov

Other voices in this conversation