Jim DeMint actually said...

We have constricted credit to such a degree that local banks do not have the flexibility to deal with their local economies.

DeMint argues that credit restrictions hinder local banks' ability to respond to economic needs.

06/06/2012

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I am concerned about that.

My concern now is we are equating pro-growth economic policies with more government spending.

The problem clearly came from loose credit policies that resulted in subprime mortgages and toxic securities.

It'll no longer be in our hands to decide; it'll be arbitrated and it will be decided by the Secretary-General of the United Nations.