Frank Lautenberg: “I do not see a nation out of control. I do not see an economy that is in great jeopardy. I do not despair over what is…”

“I do not see a nation out of control. I do not see an economy that is in great jeopardy. I do not despair over what is taking place in our economic structure. Yes, we are paying more taxes in total, but that is because people's incomes have gone up and thus they are paying a larger share of the tax burden than they used to pay. But when we look at a time when the unemployment rate compares to all-time lows, when we see inflation so well controlled, when we see the investment climate in our country so appetizing, no one knows when this is going to change, but the fact of the matter is, lots of people, lots of hard-working, what we will call modest-income people, have made good returns on their investments. And, Lord willing, they will be protected. But why is all that taking place? Why has the stock market galloped up like it has? It is not simply because there is some kind of a speculation fever out there. A lot of it has to do with the fact that the United States is the most attractive investment country in the world. People feel secure.”