CONGRESSIONAL PROGRESSIVE CAUCUS -- (House of Representatives - February 4, 2009)
Mr. JOHNSON of Georgia. Okay. Before I answer that, Congressman, I do want to talk about--you mentioned something very interesting and that is the lack of regulation in the financial markets. Oil futures contracts were taken out of the regulatory process by the laws of a senator who would become the Republican nominee for president's financial adviser. And now we have that candidate, that unsuccessful candidate for President, proposing his own economic plan, is what he said he was going to do.
And it took me back to as a young man, my dad decided that he wanted to get under the sink and do something with the plumbing. And he's like a college-educated guy. Never took any plumbing classes or anything. But anyway, we came out of that situation with puddles and puddles of water in the kitchen. So, you know, my mother called in the plumber. She did not entrust fixing what had been messed up to the guy who messed it up.
And so that's where we are right now with our economic plans in this country, our--we call it the stimulus package.
Mr. ELLISON. If I can reclaim my time.
The American Recovery and Reinvestment Act.
I yield back to the gentleman.
Mr. JOHNSON of Georgia. Yes. Thank you.
So we've got a group of folks who were right here as you say, Congressman Ellison, they were right here in this very Chamber, and they had the leadership up until 2006; and they aided and abetted this country's decline and all of the things that contributed to it.
And so but now they want to dictate the solutions to getting us out of this morass. And it just doesn't make sense.
I hope the American people are paying great attention because my friends on the other side of the aisle, the only thing that they propose is more tax cuts for the wealthiest 10 percent, and that's certainly not going to work.
We've got to take care of our basic safety net. We've got people in this country who've lost their jobs, they've lost their homes. They are on the street--families, no place to live, no food. And so we've got to fix those things while we also pay attention to the future needs of this country preparing us for the global economy and the long-term future. And with that, Congressman. I'm going to yield back.