Political Quotes

“We are now on our housing stimulus bill. It is called the Foreclosure Prevention Act of 2008. It was offered by Senator Reid, but Senator Reid had consulted, of course, with all of the relevant committee chairmen--Senator Dodd, chairman of the Banking Committee; I am chairman of the Subcommittee on Housing of the Banking Committee; Senator Baucus on the Finance Committee; Senator Leahy on the Judiciary Committee--and this is a carefully thought-out, modest, balanced package that aims at the bull's eye of our economic crisis, which is housing. Make no mistake about it, unless we address the housing crisis, we are not going to be able to clear up this economy. In fact, unfortunately, the inverse is true. If we don't address the housing crisis, the likelihood of this economy plummeting into a rather deep recession is large. So there is an urgency to addressing this housing crisis. The voluntary measures President Bush has supported, that Secretary Paulson--a man I have great respect for--has tried to put together, have not worked.”