Political Quotes

On the recordJuly 22, 2010
As I turn the floor over to the Senator from Florida to speak about our small business lending amendment, let me say, again--I could not say it any more clearly--small firms--and this chart is from 1993 to 2009--small firms in America, those between 1 employee and 499 employees, created 65 percent of the jobs. Only 35 percent of the jobs were created by large firms. These numbers on this chart pertain to the last decade. I say to the Presiding Officer, you used to be a banker in Illinois. You have a great deal of expertise here, and I think your own experience would tell you if we updated this chart--which we do not have the figures to do--I think this 65 percent would be increased substantially because the people out there creating jobs are small businesses. We have seen news article after news article, just in the last couple weeks--the front page of the Washington Post, the front page of the New York Times--headlines: Big Firms Hoarding Cash; headlines: Big Banks Hoarding Cash. I guess so. They have gotten a lot of cash from this Congress. But it is the small businesses out there that are struggling to get capital to create jobs, and it is the small, healthy community banks that are out there battling with them to create jobs to revitalize their communities and increase demand.…
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Mary Landrieu
Democratic · Louisiana

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