Political Quotes

On the recordJune 22, 2010
Before I yield to the gentleman from New York, I think it's important again to reiterate, these are two separate philosophies. We did not have one vote in the House of Representatives from the Republican side. They, in many instances, continue to argue for cutting taxes for the top 1 percent--hopefully that will trickle down to the middle class, hopefully that will trickle down to manufacturing. And we saw from the 1980s on, people took that money and they invested it in China, manufacturing in Mexico and China and other places. What we're saying is, reinvest back in the United States-- transportation, energy, infrastructure. Rebuild the country. A pro-growth agenda from Democrats--cutting taxes for businesses, cutting taxes for the middle class, and jump-starting the economy, making sure that we have fair regulation, referees on the field, and making sure we don't let corporations run the country, whether it's Wall Street and the financial markets, or whether it's the oil industry saying approve this permit even though I don't have a plan; in case we have a catastrophe, let it all go. We're the corporations, we run the show. We're reigning that back in, trying to jump-start small businesses with the fund we provided last week, $30 billion to loan $300 billion for community banks. Get the local banks loaning money again and stop relying on these globalized banks who are in it to make a profit and have no connection, no tie to the community.
Said by
Tim Ryan
Democratic · Ohio

Editor's note · Context

The speaker discusses contrasting economic philosophies and the need for reinvestment in the U.S. economy.

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