Political Quotes

David Thomas: “I go back to the discussion of this loan versus the other loans. When it was created in the 1980's, not in the 1930's…”

On the recordFebruary 28, 1996
I go back to the discussion of this loan versus the other loans. When it was created in the 1980's, not in the 1930's, it was tied to the actual price of the product. All of the other loan programs were tied to artificial cost-of-production models, which do not have any relation to the real world. It is ironic that the gentleman chose the loan program that is tied to the real-world price of the commodity, and all the other loan programs are tied to fictitious numbers.
Said by
David Thomas
New York
Source
govinfo.gov

Editor's note · Context

Discussing the differences between loan programs during a floor debate.

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