Paul Tonko: “So we can see these V formations; that downward straight line impact that could have kept going, but we changed…”

“So we can see these V formations; that downward straight line impact that could have kept going, but we changed directions. And now, we're told by our colleagues in the House on the other side, It's not quick enough. We've made a wonderful recovery here. We have stopped the bleeding, and we're climbing upward. The analogy used by the President, where they drove the car into the ditch, and then it took a tough bit of effort to pull that car out of the ditch, and they're saying, Give us back the keys. Well, I think the public is now understanding that very failed policies were governing our economy. It brought America to her knees. And we saw the lack of regulation with big business, big banks, Wall Street, credit card companies, big oil. Gosh, we see what is happening in the Gulf. All sorts of big special interests that had a heyday. No regulation. No watchdog in the equation. Let us run free. Let us be in a situation of laissez-faire. Government is bad. No restriction. Let it just run free. Well, capitalism works, but you also need guidance. You need some sort of measurement, some sort of discipline that errs on the side of the consumer, the taxpayer, whomever, the small business. And the recovery here is about smart policy. It's about progressive policy. It's about taking what was broken and fixing it. And, you know, don't stand on the sidelines and say, We're watching you mop; you're not mopping quick enough. No.…”