2008 was 4 years ago. I think it is an inescapable conclusion that we have seen the greatest monetary and fiscal stimulus thrown at an economy in our history, and what do we see but 41 months of 8 percent-plus unemployment, 14.9 percent real unemployment, if we look at those who have left the labor force and those who are seeking full-time employment.
Hensarling critiques the effectiveness of monetary and fiscal stimulus since 2008.
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I continue to encourage you, Mr. Secretary, we need to have metrics of progress.
How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
Putting layers of diversified private capital in a first loss position will help ensure more accurate pricing of risk.
I am very pleased to yield 2 minutes to the gentleman from Wisconsin (Mr. Duffy), the chairman of the Housing and Insurance Subcommittee.
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