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we are breaking the school bell in the way you said. we are putting that year s zero interest rate on top of a massive stability of fiscal policy so this is simply not the right mix. .. warren buffett called derivatives in the air timebomb waiting to go off and in some ways that occurred, certainly with aig. so you had a perfect seat red for bubbles to form and void wicked bubbles. we got a housing bubble, a commodity bubble. we got the energy bubble. we went to $100 a barrel. so we didn t just have a housing bubble. we do whole series of bubbles in which we d really laid the foundation by loose monetary policy, loose fiscal policy, unable to get them at the same time. that s another whammy to the economy. and here we are cleaning up the economic wreckage. morgan stanley has a nice report with this very low-interest environment. i m sure he can send it to you. you should look at that, senator sessions. the point by the way the two of you are making strike me as just i ....
let insurance companies just rule the roost? i don t think so. so there is so much in this bill that is good, that is supported by the overwhelming majority of democrats, independents, and republicans. there is so much in this bill that moves us forward. if you think there are things that shouldn t be in the bill, come talk to us. 1099 is a bipartisan effort. senator stabenow has been out front. i know last week senators cloab charks nelson and cantwell sent a letter so to speaker boehner saying please get us a 1099 bill. it is bipartisan. we re not saying everything is perfect in this bill. we re not saying it can t be improved. we re saying let s wok together in a bipartisan manner to make it better. what the other side is saying is just repeal. repeal the good things. repeal the things they don t like. create a huge hole in our deficit, and leave us with nothing. the slogan was going to be repeal and replace. well, we ve only heard the first part of that slogan. wher ....
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