let me say it is clear we have a need to take out an economic insurance policy on an economy for which the Federal Reserve judged it needed to reduce interest rates five times-- 2\1/2\ percent--in less than 4 months. I think there is clear need to address rising unemployment, making sure that consumer confidence stays secure. If we want to have those economic assumptions strong, we should pass this bill.
Jon S. Corzine: “let me say it is clear we have a need to take out an economic insurance policy on an economy for which the Federal…”
Editor's note · Context
Discussing the need for economic measures in response to interest rate cuts and rising unemployment.
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