Political Quotes

On the recordNovember 29, 2011
While Congress is in a deadlock over tax and spending cuts, we learn the Feds secretly gave Wall Street banks over $7.7 trillion. Where did the Fed get that 7.7 trillion? They created most of it from nothing. While our government slid into massive debt, the Fed picked winners and losers and secretly helped big banks tally record profits. Remember the great debate we had here over $700 billion in TARP funds? There was no debate over the $7.7 trillion the Fed gave the banks. Did Congress have a clue? There's another game going on way over our heads, and our constituents are struggling while the banks, with the help of the Fed, have captured control of our government. Now the rating services are threatening us that if we don't come up with a deal, they'll downgrade U.S. debt. Could the threat to our national sovereignty be any clearer? It's time for Congress to listen to the wisdom of our Founders and reclaim its constitutional primacy over monetary policy. There is a way. It is called the NEED Act. The Fed takes our freedom and gives it to the banks. Let's take our freedom back from the Fed. ____________________
Said by
Dennis Kucinich
Independent · Ohio

Share & report

More from Dennis Kucinich

Aug 1, 2012

I yield myself 30 seconds. Collectively, the provisions in this bill move the goalpost from negotiations over Iran's nuclear enrichment program to regime change. I just want to point out that the record of our country on regime change…

govinfo.gov
Jul 25, 2012

I thank the gentleman. How much more time would you like? I thank you sincerely. The New England Fuel Institute published a list of 100 studies--100 studies, my friends--showing the impact of commodity speculation. This is entitled…

govinfo.gov
Aug 1, 2012

I yield myself 1 minute. Sanctions are a form of war in this case, and it will lead to war. And remember, we're not talking about--some time ago we were talking about if Iran would have a nuclear weapon, but then the bar's been lowered to…

govinfo.gov
Sep 13, 2012

This bill ought to be renamed the ``No More Solyndras, But More Money for Nuclear White Elephants Loan Program.'' My friends on the other side of the aisle like to talk about the free enterprise system, but I'm sure that you're aware that…

govinfo.gov

Other voices in this conversation