Political Quotes

“there is an old saying about whether people are able to walk and chew gum at the same time. We are chewing on a lot of war, but we certainly are not walking with our economy. I have come to the floor, in case one does not know it, to announce that the Dow Jones Industrial Average reached its lowest level in 4 years, down 189 points today. Let us pay attention. Even more serious, the Fed's Open Market Committee had two dissenters, something that rarely happens, two dissenters from the decision to hold the Fed funds rate steady. The Fed repeated its concerns about the slow pace of the recovery of the economy, and it went so far as to indicate that there was a concern about war in Iraq. I am going to quote from that concern: ``Considered uncertainty persists about the extent and time of the expected pickup in production and employment owing in part to the emergence of heightened geopolitical risks. You stand forewarned,'' we stand forewarned. At the middle and lower end of the income spectrum, the Annual Report of the Census Bureau came out today, and the Census Bureau reported that 1.3 million people slipped below the government's official poverty line. We know that that official poverty line is 20 years old and all the analysts say it is outdated, so there are obviously more than 1.3 million.”