Democrats

Democrats

Cry Wolf Quotes

Currently, students have the option to choose between private and public lenders, and I am a firm believer that such choice and competition among lenders is the best proven method for reducing costs and improving services. By omitting private lenders, we would create a monopoly within the federal government regarding student loans.

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From a statement issued by moderate representative Paul Kanjorski (D-PA) after the House approved SAFRA.

[The Fair Labor Standards Act] would create chaos in business never yet known to us.... It sets an all-time high in crackpot legislation. Let me make it very clear that I am not opposed to the social theory.... No decent American citizen can take exception to this attitude. What I do take exception to is any approach to a solution of this problem which is utterly impractical and in operation would be much more destructive than constructive to the very purposes which it is designed to serve.

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U.S. Representative Arthur Phillip Lamneck (D-OH).
11/16/1937 | Full Details | Law(s): Fair Labor Standards Act

Labor commissions, factory commissions and investigations, commissions on every subject in the Business Directory, have chilled capital; and when capital catches cold, labor freezes to death….Is the main cause of the lack of work hard to seek? Is it not that business has had too much interference from the state…too many everlasting commissions first prying into every man's affairs, and then telling him how to run them?

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State Superintendent of Banks Eugene Lamb Richards addressing the New York State Bankers’ Association.
01/31/1915 | Full Details | Law(s): Triangle Factory Laws

Believe such legislation would eventually seriously injure home-financing institutions which have been in existence in the country over a hundred years.

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Telegram from G.A. Mortimer, State Building and Loan Association, Inc. in the statement of Hon. Compton I. White, Idaho Congressman, Testimony, House Committee on Banking and Currency.
05/18/1934 | Full Details | Law(s): National Housing Act