Paul Tonko: “As these instruments were invented to circumvent regulation, the Democrats have said yes, we're concerned about that. We…”

“As these instruments were invented to circumvent regulation, the Democrats have said yes, we're concerned about that. We want to fix it. Republicans say no. The vote was clear. No to Wall Street reform. You look at the GDP growth. You look at the changes that have come since the first quarter of 2009. We were hitting a job loss that was incredibly difficult, nearly 750,000 jobs lost per month. Lately, 187,000 jobs increase. We talked earlier about December 2009 forward. In the last 4 months, 84 percent growth of the private sector from those over one-half million jobs; 573,000 jobs created. So the GDP is improving. The household income lost $17.5 trillion over the last 18 months of the Bush Presidency. Now 60 percent recovered, some $6 trillion recovered. And it goes on and on and on. And even with the tax situation, I know that Representative Driehaus is concerned about the tax situation. The tax cut that was part of the Recovery and Reinvestment Act was a part of it, but there are tax cuts galore.”