Congress has been undermining confidence among the private sector for too many years, House Minority Whip Steny Hoyer (D.-Md.) said on Friday, referring to comments from former Treasury Secretary Larry Summers earlier on CNBC that confidence in and of itself is an economic booster.
“For instance, [the Terrorism Risk Insurance Act] was allowed to expire. The good thing we did with over 415 votes was to approve it this week. Frankly, we could have done that six months ago, and we…
Now he tells us!
To which Party does Rep. Hoyer belong, and which Party has done more to undermine business confidence over the past decade by systematically increasing taxation and regulation as a matter of governing philosophy?
Oh, and which Party is about to take control of Congress?