Over the last year and a half some truly extraordinary steps have been taken, including the so-called TARP program, the Recovery Act program, and the Fed's own actions to make an extraordinary amount of collateralized loans to its member banks.
Spratt discusses significant economic measures taken in response to the crisis.
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I think it is a bit irresponsible to at least articulate to the American people, to the Congress, why you think we need a new policy direction.
Failed Republican economic policies had brought the financial system dangerously close to a complete meltdown and had driven the economy into its deepest recession since the 1930s.
Let me get something clear. There are a hundred and three operating nuclear reactors, commercial reactors in operation generating spent fuel waste.
When President Obama was sworn into office at the beginning of this year, the economy was in deep contraction and jobs were being lost at a rate of 741,000 per month.
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