It's pretty clear that there's a difference between Democrats and Republicans and their attitude toward the economy. Democrats want an economy that works for everyone. Republicans want an economy that works for Wall Street banks, that works for insurance companies, and works for big oil companies. The greatest evidence of that was just mentioned by my colleague from Connecticut; the minority leader's statement that the reform package that we're proposing to pass for Wall Street is like killing an ant with a nuclear weapon. Goldman Sachs is an ant? AIG is an ant? Bank of America is an ant? These are ants with an awfully big appetite, because they chewed up $17 trillion worth of American citizens' net worth. No, we can't let ants this dangerous loose on our economy. We have to propose reasonable regulations, and that's what we're doing. We want to make sure that the American economy works for every American and not just for the people on Wall Street.
John Yarmuth: “It's pretty clear that there's a difference between Democrats and Republicans and their attitude toward the economy.…”
On the recordJune 30, 2010
Editor's note · Context
Yarmuth discusses the differences in economic policies between Democrats and Republicans.
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