John Spratt: “We must do what is necessary to jump start our economy now, but long-term we must work to bring our budget into balance.”

He is very helpful to us. Has been. A wonderful individual to work with.

simply giving away pollute-for-free allowances to certain industries does not work.

I want to thank Congresswoman Gwen Moore for suggesting this hearing and for her role in bringing it about and putting it together.

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…