On the recordMarch 22, 2026
I remember the 2008 financial crisis as follows: It was a situation where any day, you would think, we are going to face total and complete bankruptcy. I had mortgaged everything I owned in my life. I had maxed out my credit cards. I took out loans so big, I couldn't even do the math in my head. I would wake up at 2 o'clock in the morning wondering how I was going to make payroll. My wife would say: Are you OK? I would say: Oh, yeah, yeah. No, I am fine. I think, Mr. President, you have been there. I had to ask my team to make a lot of sacrifices. We had to cut pay. We had to make a lot of adjustments because it was a matter of life or death. Either the business was going to survive or we were going to collectively perish into the great abyss of bankruptcy. There is a concept that is important in creating a culture that says that as a leader, you must be willing to live in the shared experience of your team. Now, I will contradict a little bit of what you said. Each of us in this Chamber makes $175,000 a year. That is not what the average American makes.
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