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Ron Johnson: “The abyss we were looking at was something caused by…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Ron Johnson Remarks on One Year Anniversary of 'Recovery Summer'

Published | Video Starts at 01:16

I was standing out in the middle of my manufacturing plant and I was watching my extrusion equipment. It was humming out product. Everything was fine. We were producing product, we were selling product, we were exporting product. But The abyss we were looking at was something caused by Washington and the institutions that Washington allowed to become too big to fail. And now I'm kind of putting my finger on the other problem in terms of why else we're not particularly confident is we realize that we're bankrupting this nation and we realize that it's Washington that is going to have to fix the problem. (01:16–01:25)

CLAIM

Asserts that the financial crisis was caused by Washington and institutions deemed too big to fail.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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