On the recordSeptember 7, 2011
Mr. President, they say the definition of insanity is doing the same thing over and over and expecting a different result. We now have been in 3 years of a policy that is not working. Joblessness is up and our debt has been downgraded. Our country is on a precipice, and yet we continue with the same people giving the same ideas that are not working. It is important to know how we got here. We are in a great recession, the worst recession since the Great Depression. How did we get here? We got here through bad economic policy and bad monetary policy. This policy originated with Timothy Geithner when he was at the Federal Reserve in New York. It originated with Ben Bernanke, the head of the Federal Reserve. What did we do? We reappointed these people to higher office. They say the definition of insanity is doing the same thing over and over and expecting a different result. I would respectfully ask at this point we have a vote in the Senate. I think the American people have given a vote of no confidence to the Secretary of the Treasury. I think the American investors and worldwide investors have given a vote of no confidence to the debt ceiling deal and to what has been going on. Over and over we are doing the same policy. We have now appointed as head of the Council of Economic Advisers someone who brought us Cash for Clunkers. We spent $1 trillion--money we don't have--trying to stimulate the economy and unemployment is worse. Gas prices have doubled.…
Source
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