Kent Conrad actually said...

We are in the midst of the worst economic downturn our country has faced since the Great Depression.

Conrad highlights the severity of the current economic crisis.

01/07/2009

More Kent Conrad Quotes

The Trust Fund is running out of money, will run out of money, we estimate, in August.

I believe it was absolutely essential to prevent a collapse.

the budget that I wrote that my colleagues have agreed to is designed to meet that need at that higher level

If it was not done, that they believed there would be a global financial collapse.