If the gentleman would yield one more time. Not only has there been this explosion of debt and deficit, there is nothing to show for it but the deficit and debt. Where are the jobs? We're told that if we have this massive stimulus program that jobs would be created, unemployment would never go past 8 percent--and we are still mired in double-digit unemployment.
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If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.
Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from New Jersey (Mr. MacArthur), who is also the author of the legislation for the reauthorization bill before us. Mr. MacARTHUR. Mr. Speaker, I spent about 30 years in the insurance…
Mr. Speaker, I thank the gentleman for his kind words, and far more importantly, I thank him for his leadership. He is truly one of the workhorses for economic growth in the United States Congress. Again, I take great solace, as I will…
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
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