If it is $1 and we can stop it, it is a problem, because the taxpayers that I represent are not happy whether we waste $1 or $10.
Jim Renacci
The Public Record
I think that if the Fed had the ability to regulate the banks more effectively... it would have gone a long way.
The best stimulus is what Mr. Matthiae talked about. When you cut costs, you can get your costs down to where you can stimulate your own business by using your own dollars.
What is interesting about stimulus from Washington is, when it goes up, it never comes back down in the same amount.
I agree with Representative Renacci, though. If regulators did have the power to stop this crisis--all the regulations that were in place, had they been followed, we wouldn't be in this situation.
I have personally seen options where the only way that a bank could lend money to a small business owner... is they have to put up a hundred percent cash as collateral.
However, the tools we need to overcome the economic downturn are already at our disposal, the most valuable of which is unemployment insurance.
It is my hope that today's hearing will provide the subcommittee with actionable information for getting our nations' unemployed back to work.
The dire unemployment situation currently gripping the United States has been an inescapable reality for several years.
We believe that banks have the capacity and the existing infrastructure to affordably offer small-dollar loans and some other products as well.
I rise for the purpose of asking the gentleman from New Jersey, the subcommittee chairman, to engage in a colloquy on the importance of solid oxide fuel cell technology and the need to maintain sufficient funding levels for research and…
I appreciate the gentleman's commitment to this technology and to working to ensure that this funding level, approximately 50 percent less than in fiscal year 2011, is not needlessly reduced any further for the coming fiscal year. I again…
If the gentleman will continue to yield, I appreciate his kind words about this particular innovative technology. I believe that properly funding solid oxide fuel cell systems is an important step towards an all-of-the-above energy policy…
I thank the gentleman for yielding and also for his hard work on the amendment on behalf of American small businesses. I rise today in strong support of the Peters-Renacci amendment--a commonsense, no-cost study to determine the best…





