Political Quotes

“I rise in opposition to the nomination of Steven Mnuchin to be Secretary of the Treasury. No Cabinet official can have such a profound impact on our economy, on family budgets, on taxes, and on consumer protection as the Secretary of the Treasury. It is a job of immense reach that requires a steady hand, a commitment to fairness, and a deep knowledge of our Nation's financial markets and the rules that protect the savings and investments of middle-class Americans. In light of this reality, I do not think Mr. Mnuchin meets these requirements. I know that for many of my fellow Rhode Islanders and for many Americans, the economy is not producing the jobs and wages they want and they need. I share that sentiment and have pushed for job and wage policies like the minimum wage, paid leave, and health care that help struggling families cope. I have pushed for job creation by putting people to work by rebuilding our Nation's roads, bridges, transit systems, schools, and new housing. But I think it is important that everyone in this Chamber take a step back and understand where our economy was, where it is today, and what is at stake. In 2007, the housing market began to collapse. One measure of the housing market is the seriously delinquent rate, which is the percentage of loans that are 90 days or more past due or in the process of foreclosure.…”