and clearly the economic confirmation process was help full in this process but it was equally clearly not enough and that is why we are taking the two-step process of our august 4 meeting will require fcm s to give their segregated bank account so we can regulators can check the balance in town we want and any day we want for any anything they want without the involvement of the firmer the bank. even that isn t enough. as i mentioned in my testimony, we need to develop, we need to change the information process and make it a daily event so we get daily reports from all depositories and segregated funds, not just banks but fcm s in money market funds wherever those funds are invested. we need to get daily reports from all of those depositories and compare this daily reports on an automated basis with the reports we are saving from the firm so we want to take the econ process and make it a daily event. thank you. senator roberts. thank you madam chair. this has been an
it is an interesting question, which lane are we going to choose. the study that s been offered by our friends on the other side of the aisle is bogus and i invite people to actually look at it and look at the critiques that have been offered up. but we ve had a real-life experiment. because these tax rates that are being talked about are exactly what we had in the clinton years. at which time some of our good friends on the other side of the aisle predicted calamity. job loss. the economy would crash. what in fact happened is we had 22 million jobs that were created. what has happened is that when they had a chance to experiment with their vision in the bush years, when they put in place these tax reductions if they would have worked, what would have happened? did employment even match what happened in the clinton years? no. in fact, it was barely 5% of what happened in the eight years of bill clinton. in fact, the obama administration, when it took, after the first few mont