Political Quotes

John Yarmuth: But it has never been more apt, and particularly with the situation we have seen on Wall Street very recently. We have a…

On the recordApril 2, 2008
But it has never been more apt, and particularly with the situation we have seen on Wall Street very recently. We have a very serious orientation problem in this country. For many years, going back probably three decades now, we have taken the position in this country that we are going to let companies get as big as they can get because they say ``we need to get big so we can function in the global economy.'' But the ramifications of letting them get so big with no regulation has been that if they make a mistake, then it doesn't just affect their stockholders and their employees, it affects the rest of the country. Now we have seen that. As you said early on in the opening remarks, the chickens have come home to roost. That is where we are. This Congress, this government, has to start standing up for Main Street, not for Wall Street, understanding that Wall Street provides great benefits for this country at times. But we have to make sure that ultimately we protect the average American working family.
Said by
John Yarmuth
Democratic · Kentucky

Editor's note · Context

Addressing the economic divide between Wall Street and Main Street during a discussion on corporate regulation.

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