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“I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.”

“There's a real difference between venture capitalism and vulture capitalism. Venture capitalism we like. Vulture capitalism, no. And the fact of the matter is that he's going to have to face up to this at some time or another, and South Carolina is as good a place to draw that line in the sand as any.”

“I think that it has to be a very humane approach to this issue, and we have to come up with solutions to it. But we also have to do something about the drugs that are coming across our southern border that are killing our kids... I think there are some people who want to leave this country and return to the country they came from, but obviously it requires a broader solution that that, and we all know that.”

“I know the difference between venture capital[ism] and vulture capitalism. Venture capitalism is a good thing, comes in, gives that gap funding to help these companies get off and get started creating jobs, and work. But Mitt Romney and Bain Capital were involved with what I call vulture capitalism. And they walked into Gaffney and took over that photo album company for no other reason than to basically pick the bones clean. And those people lost their jobs.”

“I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. All the jobs that he talks about came from Staples. That was a very early venture stage deal. That, you know they got out of long before it got to its current size.”

“You know, I think when you are unemployed, especially for a long time, it's hard to be inspired or hopeful almost about anything. So it's tough, especially when there has been such gridlock here in D.C. You know, when we are fighting and can't get anything done, whether you are liberal or conservative, Democrat or Republican, no one wins.”