We cannot watch another family lose everything - risking their lives and the lives of the first responders sent to rescue them - because the flood insurance program's seal of government approval fooled them into thinking they were safe. That's more than wrong: it's immoral.

You've got Washington picking winners and losers. And so, all of a sudden, decisions are being made on what helps politicians, not what helps the economy. Some will call it socialism. Some will call it a command and control economy. Whatever it is, it's antithetical to the American experience.

There are several different ways we can get at unclogging the arteries of lending in America and helping working people achieve financial independence. Part of that is going to be through executive action. Part of that is going to be through reconciliation.