Sestak On Meet The Press
“Somebody had torpedoed our economy. We were sinking. We had to caulk the holes. We were hemorrhaging jobs. Somebody took the referee off the football field up there on Wall Street. They let them play roulette with the savings of the seniors in my district.”
He also said the federal government needs to do more for small businesses.
“My party has to recognize ‘business’ is a good word when you have ‘small’ in front of it. When you give a 15 percent tax credit to small businesses for every new payroll job that’s created we could, according to the Economic Institute, soak up 5 million of the 8 ½ million unemployed in 2 – 2 ½ years. In short, there are really good private markets out there. We just need fair rules.”
Sestak said the rules at the time of the financial market meltdown favored Wall Street, not small business, and the rules were not enforced. He said he favors effective government, not big government.