Political Quotes

Peter DeFazio: “We're borrowing, ultimately, $810 billion. What happens when the next crisis hits in the not-too-distant future? When…”

On the recordOctober 2, 2008
We're borrowing, ultimately, $810 billion. What happens when the next crisis hits in the not-too-distant future? When Wall Street wakes up from its celebration, and it sobers up, and they look and see, we did nothing for the fundamentals in this country, then the stock market will go down again, after it goes up today.
Said by
Peter DeFazio
Democratic · Oregon

Editor's note · Context

DeFazio expresses concern about the long-term implications of the bailout and the lack of focus on fundamental economic issues.

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