Political Quotes

On the recordJuly 21, 2011
I thank my friend from New York for yielding. Tomorrow will be yet another Friday without a paycheck for 15 million Americans, and this is the 198th day of the Republican majority. It is the 198th day that they've brought no legislation to the floor to address the jobs crisis and create jobs for the American people. Now most of those 198 days, they've ignored the problem. Today's bill is a curious approach to the problem that I think makes it worse. Americans painfully remember what happened in the fall of 2008 when the big banks started to go under and slip under. People's 401(k) accounts melted, people's home equity disappeared, and to this day most Americans' homes aren't worth nearly what they were worth in the fall of 2008. Foreclosures went up, jobs went down, and people's hopes went out the window. The predicate of today's bill is the reason that all happened is there weren't enough regulators watching the banks. Or, excuse me, the predicate of today's bill is that there were too many regulators watching the banks. I had it backward because it's so obvious. You understand that today's bill starts from the presumption that the problem here is that there were too many people watching what the banks did to make sure they did the right thing by the country. I think exactly the opposite was true.…
Said by
Rob Andrews
Democratic · New Jersey
Source
govinfo.gov
Jul 21, 2011

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