Political Quotes

“each day newspapers around the country tell us news stories of America's economic troubles--and there are economic troubles. I was told by Senator Corzine, before he became Governor--and he made millions and millions of dollars on Wall Street--regarding the market, that you can always understand when the economy is in big trouble when there are large fluctuations in the stock market. If his words are meaningful, and I believe they are, that is what we have had to deal with lately--wide fluctuations in the stock market. Today, I looked before I left for the floor, and the market was about 100 points down. Last week, it was up several times by more than a hundred points and then down a few hundred points. That is not an economy that is feeling good about itself. Housing foreclosures are dramatically up in cities and towns throughout the country, including an astonishing rate in Reno, NV, of more than 600 percent. In Las Vegas, it is 200 percent. In Florida, it is 275 percent. In California, with 37 million people, it is up more than 300 percent. Gas prices are well above $3 per gallon throughout the country. The average price is $3.02 a gallon. Some States are significantly higher, and California and Nevada feel that very much. Heating costs are skyrocketing. This is the time when especially the Northeast depends so much on heating oil. Those prices are hard to handle for people.…”