On the recordJanuary 7, 2009
This credit crunch is real and it is having a ripple effect way beyond what we had seen in the 1982 downturn.
Source
congress.govThis credit crunch is real and it is having a ripple effect way beyond what we had seen in the 1982 downturn.
Conrad highlights the severity of the current credit crunch compared to past economic downturns.
Share
More from Kent Conrad
All the talk in the world doesn't matter if you don't actually get something done in the real world.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
I thought he was an outstanding Committee Chairman, and my former intern has succeeded him in his Congressional seat.
We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.