Political Quotes

“Mr. President, last winter, this body passed a $1.5 trillion deficit-financed tax cut for millionaires, for billionaires especially, and for corporations that ship jobs overseas. More than 80 percent of the benefits will go to the top 1 percent of the wealthiest people by the end of this decade. Two weeks ago, Congress passed another big giveaway to Wall Street, loosening taxpayer protections on big banks that had received a combined $239 billion in taxpayer bailouts. We know Wall Street can never get enough handouts. Too many people in this body, too many people down the hall in the House of Representatives, too many people in the Oval Office, too many people in Washington never get tired of giving these handouts away. From the day President Obama, almost a decade ago, signed Wall Street reform into law, a top Wall Street lobbyist said that it was halftime, meaning the game was not over, and they were going to keep fighting back. Before the ink was dry on his signature, those lobbyists went to work trying to undo the rules we put in place to protect taxpayers and consumers. We are seeing the result of that lobbying in Congress, and we are seeing it at the agencies that are supposed to be policing our financial industry. Last week, the Federal Reserve announced proposed changes to what is known as the Volcker rule. We put this rule in place after the crisis to stop big banks from taking big risks with Americans' money.…”