willoughby on the demand side with a middle-class tax -- will it be on the demand side of the middle class? >> yes, we need to pull that investment off the sidelines. why are firms sitting on those large shares of cash? bacon into this crisis with very strong balance sheets. -- they came into this crisis with very strong balance sheets. that is the strength of the economy. the other reason is that the best way to planet is that the scars of this recession are very deep. until they see growth and sustained basis, they are still being careful about how they put those investments to work. private investment is growing at a very rapid rate now. we hope we can sustain that. it will probably not be at the same rate but that is encouraging. can i make one more point? is important to recognize -- is important to recognize that the policies the president is proposing fori --t -- it is important to recognize that the policies the president is proposing would leave taxes at a remarkably low level. it has been lower than it's been since the 1960's. we do not believe in proposing a set of policie

willoughby piecemeal -- will it be piecemeal? >> thank you for question. it will not be piecemeal. there have been members who have introduced legislation to remove certain sections of the bill. the better approach would be to repeal and start over. [applause] there is just too much bad in this. a lot more than there is good. we need to repeal it. i will show my georgia and south carolina roots and say, kill that sucker dead. [laughter] we need to start over. there are some things that i would be in agreement with. quickly, people will say, accurately, even if republicans take control on -- we would not take control until january -- but in this election, if we regain control of the house and senate, that any bill to repeal obama care will be vetoed by the author. president obama is elected to a four-year term, and he will be our president until he stands for reelection in 2012. we would have the power of the majority to not appropriate certain sections of that bill like the salaries of the 15,000 additional irs agents that would go over everybody's tax return to make sure they had