Pierre Andre Rinfret Quotes
If you read his … testimonies before Congress you will note that there is always something to be terribly, horribly and deeply worried about
Pierre Andre Rinfret, Financier & Economist, Economic Advisor to President Nixon, Republican New York Gubernatorial Candidate, Description of Alan Greenspan, Chairman of the Federal Reserve Board, The Federal Reserve, Alan Greenspan & Other Egomaniacs
Sourced by: Eigen's Political and Historical Quotations
Hollings who was one of the senior experienced senators was offended by the degree to which the George W. Bush Administration and the Republican leadership had turned to lobbyists to draft legislation and amendments to pending legislation. Lobbyists often have specialized information that members of Congress do not have, so there has been in modern times communications between lobbyists and members of Congress and their staffs. However, during the Bush Presidency the practice reached an extreme where lobbyists would even write the legislative language and give it to the members in whom they had invested by giving them large campaign contributions and many perks. K Street is the fanciest street in Washington DC with some of the most expensive office space. A substantial proportion of the lobbyists have K Street offices, hence the metaphor.
Congress at that time had about a 12 percent public approval rating. Other emergency disaster appropriations had been made in previous years in days or weeks, but the aid for New Jersey, New York and Connecticut had been voted by the Democratic-controlled Senate but not in the Republican controlled House. The Republican House leadership had planned a vote after the Fiscal Cliff vote the previous evening before the end of the Congressional term. Then the speaker cancelled the vote infuriating Christie and many of the members of Congress. His reason was that there was opposition from the Tea Party Conservative wing of his own party who had just been badly beaten on the fiscal cliff legislation, and the Speaker was up for reelection by his own party caucus the following day. If the vote had proceeded, it would have passed with Democratic and some Republican support but with the opposition of the conservative wing some of whom noted that the states seeking the emergency aid had just recently voted for President Obama and they were opposed to more federal spending despite the fact that emergency aid had never before been subjected to such partisan criteria. After much pressure, the Speaker then committed to an up or down vote in the following Congress to the chagrin of some of the Tea Party members. Governor Christie, much admired for his commitment to his state and not politicking was his candid self but he did not even go as far as Republican Congressman Peter King {630995}.
