Political Quotes

“The Federal Government, or any government entity for that matter, but by and large the Federal Government because they can go into the equity market and get any amount of money they need to get by just driving the rates up, and of course that happened and was happening in the 1980s and into the early 1990s. And of course what that did is crowd out private opportunities to get in unless they are willing to pay higher and higher interest rates. And we have seen lower interest rates in the 1990s with tremendous economic growth that literally most of the economists did not understand originally because of what was happening. But one other point on the proposed tax bill, and I really call it a tax bill because of what it was on the alternative minimum tax and others that went all the way back to 1985. My State of North Carolina, and 24 other States, find themselves this year in tough economic times because of the downturn. They are facing tough budget situations.”