Political Quotes

“I suggest historically the lesson we learn from the conversation he had with Lloyd Bentsen: Lloyd Bentsen was wrong. The bottom line is there are a lot of other factors that go into the calculation of interest rates other than the deficit. That is obvious from the fact that we have a relatively high deficit right now and interest rates remain low. It is a very complex economy. I think the idea we are going to focus in on one thing or another that is going to create jobs or not create jobs is folly. What we need to do is try to put a grand strategy together, including keeping inflation low, working to keep interest rates low, keeping tax rates low, trying to reduce litigation costs, trying to reduce the costs of regulation. All of those are a complex series of factors, and there are a whole lot of others, frankly, beyond the control of the Senate that we need to look at as to creating an environment in which jobs can be created and wealth can be created.”