Quote of the day

“‘When it gets rough out there, a lot of business leaders get out of the car and say, ‘We’re OK with minor reform.’ I’m challenging you today, we’re going to have to do big, serious things,’ Rahm Emanuel said, speaking to The Wall Street Journal’s CEO Council, a conference convened to elicit corporate opinion on the challenges facing the new president…

He said business leaders should help find solutions to the middle-class squeeze or face a revolt. ‘We need a strategy as a country to make sure they have an opportunity to move up that ladder,’ he said…

He stressed that the new administration would ‘throw long and deep,’ taking advantage of the economic crisis to push wholesale changes in health care, taxes, financial re-regulation and energy. ‘The American people in two successive elections have voted for change, and change cannot be allowed to die on the doorsteps of Washington,’ Mr. Emanuel said.”