Political Quotes

“It is interesting, when we have a bubble that is taking place, a lot of times the private sector becomes very concerned that a bubble is developing and they begin to slow down the process. They begin to see that, wait a minute, there is a lot of risk here, it is getting pretty frothy. The housing prices in Arizona and California and other places are getting awfully high. Maybe we should be cutting back. But as long as there is a government entity on the other side of that that is going to take all the risk and they can dump it off to them-- all it is is a machine, and the more they do, the more money they make. That is what is missing in this current formula. There is no gauge there to slow the process when the bubble is becoming overheated. That is one of the huge contributing factors that I know the Senator has talked about a great deal to what we saw. Candidly, the reason the Senator is offering this jobs bill today is because we have been through such a financial crisis and it has brought our country to its knees. On top of that, we have had a tremendous amount of regulation that has enhanced the slowdown even more. But the fact is, I would say to the Senator from Arizona, he might not be offering this piece of legislation that he has done such a great job leading on today had it not been for this bubble that was created. He might not even be here today. We might be talking about a totally different subject on the Senate floor.…”