The path forward will not be easy, but we were sent to Congress to fix the system and to fight for the taxpayers.

The United States Government went from being a facilitator to now backing over 90 percent of all the loans in the United States.

It is my hope that the $600 billion QE2 will promote lending and stimulate growth.

I am not concerned about what the Chinese, the Brazilians, or the Europeans think about our monetary policy.

I am thankful that the President, along with our congressional leadership and in coordination with the Federal Reserve, acted courageously to prevent a second Great Depression and to preserve the American middle class.

While we strive to restore our economic security, fear of future inflation is not today's most important problem.

It is entirely fitting and appropriate that at our first hearing we discuss job creation and economic recovery, and I appreciate the chairman's leadership on these issues.