Don Nickles: “To respond to my colleague's question, maybe it is an interesting analogy between President Bush and President Hoover.…”

“To respond to my colleague's question, maybe it is an interesting analogy between President Bush and President Hoover. President Hoover was present when the market collapsed on that fateful day in October in 1929. President Clinton was President when the market collapsed in March of 2000. NASDAQ took a dive. The stock market took a dive and continued to dive throughout 2000. I do not want to play that game, but I am offended when I see pictures and hear those kinds of aspersions. I do not think it helps the debate. I agree with my colleague, that market crash was foretelling that we had very significant problems coming, and it resulted in a lot of lost revenue to the Government that no one projected, whether it be the White House or anybody else. I appreciate my colleague. I want to elevate the caliber of the debate and not be quite so political and quite so partisan so early.”