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


May 16, 2024
Economy

Lucas: Basel Endgame Will Penalize Central Clearing

Washington, D.C. –  At today’s House Financial Services Committee hearing, Congressman Frank Lucas (OK-03) questioned FDIC Chair Gruenberg and Federal Reserve Vice-Chair Barr on the consequences of the Basel Endgame proposal. Specifically, Congressman Lucas brought to attention his concern that the Basel requirements will constrain the capacity of banks to offer central clearing. He has previously pressed this […]



May 14, 2024
Press

Lucas Advocates for FAA Reauthorization

Washington, D.C. – Today, Congressman Frank Lucas (OK-03) spoke on the Floor in support of the Senate’s amendment to the Federal Aviation Administration (FAA) reauthorization bill, which the House will be voting on tomorrow. The bill includes Rep. Lucas’s language for the FAA to submit a plan to Congress to improve air traffic controller training and set the air traffic […]



Apr 19, 2024
Press

Lucas Honors Memory of OKC Bombing

Washington, D.C. – Congressman Frank Lucas (OK-03) released the following statement on the 29th anniversary of the bombing of the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma: “Every year, on the 19th of April, Oklahomans and Americans everywhere reflect on the 168 innocent lives lost in a heinous act of terror. For many of […]