On the recordJune 21, 2002
Mr. Speaker, the real economy is growing quite well right now. New housing starts are doing really well. Manufacturing is getting back on its feet. The real economy is growing except for the equity markets. Our stock market is very shaky right now, and if our stock market continues to be shaky going on for another 6 months, that is going to hit consumer confidence, and that is going to take a real pound of flesh out of our economy. So we have a problem in this economy, and that is that the equity markets are not responding well, and we may have some real problems that are going to hit consumer confidence in this economy if we do not respond. This issue that we are dealing with today speaks directly to our equity markets.
Source
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