Chuck Schumer

So I propose that the citizens of the 14 countries identified as potential security threats by the Obama administration should be required to apply for permission each time they visit the United States.

Are you seriously interested in this proposal and look at it carefully?

Senator Schumer did have conversations with Senator Obama long before Senator Clinton announced and told him he would be a good candidate.

We think you should run for president. Now is your time.

We think you should run for president and now is your time.

The current DHS policies are systematically weakening, I think, our interior enforcement, and we need to talk about that.

The problem is the people who do not go because they think they need a passport, they know a passport costs money.

This country is a Nation of immigrants. We do welcome millions of people, the millions each year who follow the law and enter our country through the lawful channels.

Would you be willing to work with me and commit to working with you and your Canadian colleague to get an education campaign on both sides of the border, informing people what the requirements are of WHTI, that you do not need a passport…

This country is a Nation also of laws, and we cannot refuse to enforce those laws.

The leadership did not come from the executive branch. It came from Congress and the American people who insisted that these things be done.

That, to me, is a European model of governance that is very threatening because there, big is not necessarily bad.

It is an easy political vote. Go out and beat up on the Fed.

I can't think of a nation where the value of its currency was turned over to or even marginally or significantly influenced by elected officials that that nation has prospered.

I am concerned, deeply concerned about this, I call it pandering populist movement out there to basically step onto monetary policy.

Are there any other tools other than interest rates that might work?

I would be worried about raising interest rates because it would hurt getting people back to work.

Raising interest rates is one answer to deal with the bubble, but that is obviously tricky.

My second question relates to the next bubble.

I believe the Fed should conduct a thorough review of ATM fees to ensure that consumers are protected from excessive ATM fees.

I support the creation Senator Dodd has proposed of a strong, independent Consumer Financial Protection Agency.

Warren Buffet. He said the government deserves a high grade for its efforts to prevent the collapse of the financial system and rescue the economy from imminent free fall.

But for many years, many of us in the Senate were frustrated in our efforts to get the Fed to address predatory lending.

I worry that over the years loading up the Federal Reserve with too many piecemeal responsibilities has left important duties without proper attention.

I believe that you deserve another term as Chairman of the Federal Reserve, and I intend to vote for your nomination.