On the recordDecember 8, 2010
I really appreciate what you are saying, and I didn't think I was going to be saying anything complimentary about our President, because it seems like all his policies relative to the economy and jobs and all seemed like it was highly destructive. He was making the same mistakes that FDR made. He wouldn't listen to Henry Morgenthau. We on the floor came out here, both of you gentlemen, week after week after week now for the last couple of years. We talked about the idea of the stimulus bill and the idea that you can grab your bootstraps and lift and fly around the Chamber; it's about as reasonable as fixing a bad economy by a Federal Government spending money. It doesn't make any sense in a commonsense way, and it has never worked, never worked historically. But both of you have made references to what does work. And if you are Democrats, you don't have to listen to Ronald Reagan and Bush. You go back to JFK, as you have said, and he basically used this same economic principle. The idea is whether politicians like it or not. What has to be done is that you have got to stop the Federal spending and you have got to reduce taxes and you have got to create some stability and, if you can, knock that red tape down and then give the economy some time to breathe. And that money will eventually work into those businesses, and they will start to hiring people.
