Lucas: We Need to Refocus Efforts to Improve Economy

Apr 03, 2009
Economy
Press

Washington, DCCongressman Lucas appeared as a guest on “Money for Breakfast” this morning to discuss the need for Congress to refocus their efforts to improve the economy.

Lucas on the Stimulus and the Democrat’s Economic Plans:
“There are people hurting across the country.  That’s why I think the actions we take from this point forward, we’ve got to refocus…Focus on short-term stimulus spending, not long term programs, and get an immediate pop.  Do something about the capital gains rate.  Let’s rev up the engine in this country.  So far, we have not focused as intensely on that as I would have hoped we would have.”

“I am a great proponent of reducing the capital gains rate.  I am a great proponent of driving resources in a quicker, more refined fashion.  We’ve put out a lot of money and we’ve added a lot of money to the national debt.  We could have targeted it better.  Obviously, we have got to target it better from this point on.”
 
Lucas on Companies Returning TARP Funds:
“When the captains of industry, the people who are responsible to their stockholders, the people who have a major vested interest of their own resources in these institutions look at the standards we have applied…and say, ‘Hey, it’s not worth it.  We want out.  We want to control ourselves again.’  I think that says something about the danger of over involving the federal government in basic business decisions.”

To view this video or for more video clips of Congressman Lucas, please go to /videos or visit his YouTube page at www.youtube.com/user/repfranklucas.

# # #

Recent Posts


Sep 24, 2024
Economy

Gensler and Peirce Disagree on Treasury Clearing Implementation

Washington, DC – Today, at a Financial Services hearing entitled Oversight of the Securities and Exchange Commission, Congressman Lucas, SEC Chair Gary Gensler, and SEC Commissioner Hester Peirce discussed the need to extend Treasury clearing timelines. While Chair Gensler did not say, Commissioner Peirce agreed with Congressman Lucas that there is a need to extend these […]



Sep 23, 2024
Press

Lucas, Mullin Welcome $5.5 Million Investment to OSU to Enhance Weather Prediction

Cheyenne, OK – The National Institute of Standards and Technology (NIST) awarded Oklahoma State University (OSU) $5.5 million as part of the Consolidated Appropriations Act of 2024. The purpose of these funds is to increase knowledge about local weather systems in the lower atmosphere, enabling the safe integration of small Unmanned Aerial Vehicles and Advanced […]



Sep 18, 2024
Press

Lucas Honors NASA’s Hidden Figures at Congressional Gold Medal Ceremony

Washington, DC – Today, House Science, Space, and Technology Committee Chairman Frank Lucas attended a Congressional Gold Medal Ceremony, where he had the opportunity to honor the Hidden Figures, a group of women crucial to the space race. These women helped calculate the Apollo 11 mission to land the first astronaut on the moon. Medals […]