“We’re on the verge of passing the most comprehensive financial reform since the Great Depression—reform that will prevent a crisis like this from happening again. It’s reform that will protect our economy from the recklessness and irresponsibility of a few. Reform that will protect consumers against the unfair practices of credit card companies and mortgage lenders. Reform that ensures taxpayers are never again on the hook for Wall Street’s mistakes.
“But most of our friends in the other party are planning on voting against this reform. In fact, just yesterday, I was stunned to hear the leader of the Republicans in the House say that financial reform was like using a nuclear weapon to target an ant. That’s right. He compared the financial crisis to an ant. The same financial crisis that led to the loss of nearly eight million jobs. The same crisis that cost people their homes and their lives savings.
“Well if the Republican leader is that out of touch with the struggles facing the American people, he should come here to Racine and ask people if they think the financial crisis was an ant. He should ask the men and women who’ve been out of work for months at a time. He should ask the Americans who send me letters every night that talk about how they’re barely hanging on.
“These Americans don’t believe the financial crisis was an ant. They know that it’s what led to the worst recession since the Great Depression. And they expect their leaders in Washington to do whatever it takes to make sure a crisis like this never happens again. The Republican leader might want to maintain a status quo on Wall Street. But we want to move America forward.”
Wednesday, June 30, 2010
Obama's Reaction To "Ant" Comment
From Obama today: