I want to thank my good friend for yielding, and I want to thank him for having the idea and for bringing this to fruition. It's taken, certainly, a lot of work and a lot of effort, not only on your part, but on the part of your staff, to…
I want to thank my good friend for yielding, and I want to thank him for having the idea and for bringing this to fruition. It's taken, certainly, a lot of work and a lot of effort, not only on your part, but on the part of your staff, to bring this together, and I want to thank you for that, because, I thank you on behalf of, not just my constituents in New York State, but for constituents and middle class throughout the country.
The things that I think the Populist Caucus stands for are the issues that are important to middle class. And also, I think it's critically important that there is a grain of truth that the middle class gets. They need to have someone out there defending them, looking out for their interests and, most importantly, telling them the truth.
And you know, I was listening with interest, as I know you were, just a couple of moments ago to my colleagues on the other side of the aisle talk about some of the budget proposals of President Obama, and some of the points that I think we'll probably end up talking about at some point during the evening. But they talk about the fact that the numbers in the budget are the largest that they've seen, that there has been in years.
The thing that they don't tell you about that, however, is the fact that, for the first time in our history, the cost of the war is actually put on the books so that the American people get the truth. They actually know how much is being spent. In past administrations that was never on there. We just borrowed the money as we went along and, as we say it, funded the wars off the books. So the American people never knew actually how much it was costing for our war, how much all of these things were costing. This is an honest, this is a true budget.
But the thing about it, and I think the thing that's most important is this is really not just a budget. This is a long-term plan for the future of America, for the future of America's middle class.
And I listen to my colleagues, and I hear them talk, and I hear them criticize, but I did not hear a single alternative proposal with respect to what they were proposing to make the life of the middle class, to make the life of Americans better, to help Americans find jobs, to help Americans improve their quality of life. That's what we're looking for. That's what we, I think, as populists, look for and try to promote.
During the height of the Depression, Franklin Roosevelt once said some words that now adorn the monument to
him that's located just a short distance from where we are right now. And those words are as powerful today as they were when he said them so many years ago. ``The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.'' Very profound words then, and very profound words today.
However, over the past 8 years, the Republican White House and Congress have largely ignored the fundamental truth in favor of the policies that focused on a top-down economic and social policies that benefit, frankly, big business, the wealthy and the well-connected, and don't look out for America's middle class. And that's why we're here.
As a result, the middle class families that have always been the true engines for our national economy, the center of our culture, and the foundation for our national security, have been left behind with the devastating results of our entire Nation. And now we're all paying the price.
The mission of the Populist Caucus is to re-establish the core middle class American values that made this country great as the guiding principles of our political discourse and our government here in Washington.
As history has repeatedly demonstrated, a prosperous middle class means a more prosperous America. A vibrant growing middle class has been the hallmark of our strength as a Nation over the past 70 years.
The Populist Caucus will aggressively fight for the passage of commonsense legislation focusing on the expansion and prosperity of the American middle class.
You mentioned just a little earlier, of late we've been hearing a lot in the media of the so-called populist rage and the anger of the middle class at the AIGs of the world.
Now, we are not here to incite or stir this populist rage, nor to promote class warfare in any way, shape, fashion or form. But we are here to see to it that the issues and interests of the middle class are protected and promoted at all costs.
Specifically, the caucus will focus on legislation that invests in working Americans, improves access to quality education for our children, creates jobs for the middle class that will bolster our economy, increase access to health care for all Americans, ensure that trade is not just free trade, but is fair trade, that the food you eat and the toys that your children play with are safe, and that we promote fiscal responsibility, accountability and discipline, and create a government that actually works for, not just the richest Americans, but for all Americans.
These are the fundamental building blocks that will create a strong foundation for sustained long-term economic recovery and growth in this country. In fact, these priorities are the only proven and time-tested blueprint for long-term economic growth in America. Enacting these reforms represent our best chance at restoring the American Dream here at home, as well as continuing our role as the beacon of freedom and hope for the rest of the world.
I'd again like to thank you for inviting me to be here tonight, for organizing this, and I look forward to a very enjoyable discussion this evening.
Well, thank you for yielding.
There are a couple of points that I would like to make and just touch on. I think you touched upon health care, and I think health care is so important.
One of the things that the President talks about and what I think our budget will reflect--I even hesitate calling it a ``budget'' because I feel like it is more of a blueprint, again, as to the future of how we see the country moving forward over the next several years. One of the things about it is, for the first time, we actually have a budget. It is taking into consideration funding for health care for all Americans. I mean think about that--and I think you did. I certainly did when I ran for office the first time. One of the main reasons that I decided to run was the fact that I could not understand why there were 47 million Americans who did not have health care in this, the richest country in the world, one of only two industrialized countries that does not have any form of universal health care, and we do not have health care.
This proposal, this budget, will have in it for the first time--how shall I say?--a sketch, an outline, of how we will go forward and of how we will pay for health care for all Americans. That is critical. In contrast to what my colleagues said earlier, it is not about dictating to Americans what they need to do, what they have to do. It is about giving them the tools, about giving them access to quality, affordable health care just like the rest of the world has. One of the bills that I have been working on and that I hope to introduce in the near future deals with that, and that has a lot to do with where I'm from.
One of the things that I have found that people do not understand is, when someone's children go to a 4-year college or to a 2-year college, they generally are covered under their parents' health care. However, there is a gap, and there are millions of children who go to technical schools to get certifications who are not covered under their parents' plans. There is no coverage for health care. That is very unfortunate. I mean those are middle class families who have children who want to go, who maybe are not going to go to college to be engineers or who are not going to go to college to be teachers but who are going to go to college to get a very important degree, a very important certification in a technical trade. We need to do that. We need to promote that. That is a middle class value. That is something that we should be helping families do, not hindering it by not giving them insurance. That is one of the things that, I think, populists do. They ensure that all Americans have the ability not only to get health care but to improve their stations.
As my colleague from Ohio said, the ability to aspire to the middle class--to
make better of themselves, to do better for themselves than their parents were able to do--is what, I think, we as populists advocate and work for on behalf of the middle class. So I am really proud to be able to be a part of that.
I look back over what working people have accomplished in their lives, and I see it a lot in my district in Upstate New York--in the Mohawk Valley--in the Utica-Rome area and in Auburn. One of the things that I find most interesting is when looking at the productivity of our workers. I tour plants and facilities all over my district, as I know you do. What is the thing that you always hear from the people who own the plants? ``The productivity of our workers is great.'' The productivity of American workers has dramatically, dramatically increased over the past 20 years. Yet, in that 20-year period when the productivity has gone through the roof for American workers--in fact, they are one of the most productive workforces in the world--the real wages of that workforce have decreased. So we have individuals who are doing more for the people for whom they work, who actually are far more productive and who are allowing the people who own their factories and who own their small businesses to do better, to produce more, which is a good thing. However, they are not earning more than they earned 10 or 20 years ago.
You know, we sometimes hear people say, ``Oh, the problem with the American people is that they charge too much.'' Well, the fact of the matter is you don't charge too much because you want to. When your son or your daughter comes home from school and says, ``Mom and Dad, I need a new pair of sneakers. I'm trying out for basketball tomorrow, and my sneakers don't fit me, and the coach says I need a new pair of sneakers,'' if you don't have the money, you go and you charge it because that is something you do as a parent, but if you're making less than you made 10 years ago or 20 years ago, you don't have that money. That's the kind of thing that, I think, we stand for as populists, the kinds of things that we want to make sure of.
Hey, if the productivity of American workers goes up, then the salaries and the wages that American workers earn should go up as well. It is the fair thing. It is the right thing. It is the American thing. It is what has made America great. Those are things that, to me, are most important in our caucus, and they are the things that, I think, are most important for me as a populist.
Again, I am so pleased to be able to be here to talk about these issues and to bring them to the forefront and to let the American people know that there are many of us here in Congress who are working hard to see to it that the middle class prospers, continues to prosper and achieves all that they can possibly achieve.
Thank you. I yield back.
Would the gentleman yield for just a minute?
I am glad you mentioned that, and I didn't want to let the moment go by without commenting on it.
I consider myself a direct recipient of the GI Bill--of the World War II GI Bill because my dad was a poor kid from the east side of Utica who would never have had an opportunity to attend college, but he served his country in the military, came back, and he was able to go to Cornell University, and as a result of which, he insisted that--my sisters and myself--that we attend college.
So it isn't just a single generation but multigenerational. It is really, as you say, probably the greatest populist piece of legislation that this country ever passed.
And I thank you for bringing that forward and for yielding to me.
I thank the gentleman for yielding.
I would like to talk a little bit about the corporate accountability and also a little bit about consumer protection.
But first, with respect to corporate accountability, as you know, I am on the Rules Committee, and today we had a hearing with respect to the bill which I anticipate will be on the floor tomorrow with respect to--and you and I discussed it a little bit earlier--with respect to putting limitations on the amount of compensation that executives can get for companies that receive TARP funding.
And I guess I look at it this way. And I listened to the argument and the debate today in detail. And, you know, there is a great deal of dissatisfaction with AIG, and certainly I can understand that. We all can understand that people are critical of what happened at AIG. I am. We all are. And I listen to my colleagues on the other side of the aisle, and I can understand that some of them are critical with the legislation that we will be considering tomorrow which puts limitations on compensations for executives.
The thing I can't understand is how people can be critical of both of those because if you are unhappy with what happened at AIG, then you really have to support the legislation, if you're a Member of Congress, that we're putting forward tomorrow because that legislation will enable Congress to help put the kind of limitations on and do the kind of oversight that we were all sent to Congress to do.
So I think that if there is dissatisfaction within this House with respect to AIG and what happened there, then we should support and we should vote for the bill that will be on the floor tomorrow because that does give Congress the ability to, again, do what Congress is supposed to do. And that is regulate.
You know, you look back at how it is that we have been and how we are put in this place that we are, and the common denominator, the answer that you keep getting is the lack of regulation.
And I tell the story this way. It was funny because when all of these things were happening with the stock market, with the banks, my daughter called me from home and she said--she plays soccer, and she was telling me about her soccer game, and as most children do, she was complaining about the referees. They lost the game, and she was blaming the referees.
And I listened to her, as most parents do, and it came to me--and I said goodnight to her, goodbye. And it came to me later on that night. And I said to her the next day, I said, ``I know that you feel that you didn't get a fair shake from the referees, but can you imagine what that game would have been like if the referees were off the field?''
Well, that is what has happened over the past 10 years. We have taken the referees off the field. We have done away with the kind of regulation that is necessary. The SEC has fallen on its face and has not done the kinds of things--and we end up with scandals like the Madoff scandal. Those are the kinds of things that we need to put back in. We need to put the regulation back in.
People talk about regulation like it is a bad thing. They don't understand that that's exactly what people elect
us to Congress to do, and this is to ensure that the referees stay on the field and they keep an eye on things, and they keep the playing field level.
With that, I yield back.
Well, first off, I would like to say thank you and commend my colleague from Virginia for his well-thought-out and very articulate presentation with respect to corporate accountability. We certainly can use that kind of passion here in Congress, and I thank you for that, what you said, and what you talked about.
You know, one of the things that I'd like to talk about just for a moment is something we haven't touched on yet tonight but is a very important part of the populist values, as articulated by you earlier, and that's with respect to consumer protection.
You and I took a trip down to the Port of Nogales last year to work with and get a firsthand view of some of the things we're seeing with respect to the border patrol. But one of the things we did see is the fact that the Port of Nogales is one of the largest ports for bringing fruits and vegetables into this country, many of which are from Mexico. And one of the things that I think is very important is that we need to ensure that the fruits, the vegetables, the food that we eat, the toys that our children play with are high quality. They need to be safe.
We put these strict standards on domestically produced food, on the kind of fertilizers that our farmers can use, on the kind of pesticides they can use, to ensure that the food that they produce is safe. And yet, we have these free trade agreements and we have the ability of some other countries to bring products into our country that don't follow the same kind of protections and don't have the same kind of laws that we have here, which I think jeopardizes the quality of the food we get and certainly the products that we get.
So that's something that's so important to us, to the people that I represent back home and I think the people all through America.
So it's an important thing, and I know we're running out of time here, but I think it's something that we need to discuss more and we need to spend a great deal of time on here in Congress because there's nothing more important than keeping the food that we eat and the goods that our family uses as safe as possible.
Before I yield back, I would just like to say one last thing. You know, I want to quote another Roosevelt. I started off quoting Franklin Roosevelt. I want to finish by quoting Teddy Roosevelt, and he said, The welfare of each of us is dependent fundamentally upon the welfare of all of us. That sounds an awful lot like what President Obama is saying, that we're all in this together. We can't forget that whether you're a corporate executive or you're a worker on the line, what is good for the executive is good for the worker, and what is good for the worker is good for the executive.
We are all in this together, and as my colleague from Virginia said, it is important that we remember the things that we do affect each and every American, regardless of where you are or where you work.
So, with that, I would again like to thank my friend for organizing this today.