[Congressional Record Volume 143, Number 158 (Monday, November 10, 1997)]
[Extensions of Remarks]
[Page E2316]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        HONORING MR. JESSE BROWN

                                 ______
                                 

                       HON. JESSE L. JACKSON, JR.

                              of illinois

                    in the house of representatives

                        Sunday, November 9, 1997

  Mr. JACKSON of Illinois. Mr. Speaker, I rise to applaud the efforts 
and accomplishments of my constituent, Mr. Jesse Brown, who helps 
people and families look to and plan for the future. Mr. Brown, the 
president and chief executive officer of RENCO, a national money 
management firm, works assiduously to ensure that the reluctant, 
uninitiated, and underinvested have the opportunity to engage in the 
market now, in order to get their piece of the pie later.
  Unfortunately, many of my constituents on the South Side of Chicago 
and in the south suburbs, have not benefited from the reportedly robust 
economy. For those in my district with skills and no decent-paying job, 
with children but no child care, with health concerns yet no health 
care coverage, the current boom seems more like a bust. Too many of my 
constituents live day-to-day and paycheck-to-paycheck; at wit's end 
while trying to make the ends meet. Although the stock market plunge in 
October made headlines in almost every paper in the country, for them, 
the scare was not new or news. Their angst and insecurity is constant 
and simmering.
  Yet, Mr. Brown goes to the places where my constituents gather--at 
civic halls, at church meetings, and at community forums--to give some 
fiscal guidance and good news. In a recent article in the Wall Street 
Journal, Mr. Brown described his mission to spread the word of 
financial prosperity. Surely, those words are falling on receptive 
ears. Mr. Brown takes the principles and parlance of Wall Street to 
Main Street, so that more people near the margins might step into the 
winner's circle. Knowing that his potential clients may distrust banks 
and brokers, Mr. Brown ventures beyond the Loop and Lasalle Street to 
be wherever they are.
  Undoubtedly, Mr. Brown knows that families are at the point of 
challenge--struggling to stretch their incomes to provide for eager 
children preparing for college at one end and ailing parents with 
escalating needs at the other. In the middle of this cross-generational 
pull, lay baby boomers, who are preparing for their own retirement, and 
concerned about the fate of both the Social Security and Medicare 
programs. In response to the familial quandary, Mr. Brown prescribes an 
old-fashioned tenet, with a newfangled twist: take money from each 
paycheck and instead of hiding it under the mattress or in the shoe 
box, put it into mutual funds, stocks or bonds. Mr. Brown assures that 
the short-term sacrifice yields long-term security.
  Most recently, Mr. Brown has encapsulated his advice and formula for 
financial success between the covers of his first book, ``Pay Yourself 
First.'' As a result, Mr. Brown's work, more of my constituents are 
learning of and investing in the historic bull market, and growing 
larger nest eggs. Thus, while helping to grow the Nation's economy, 
families from my district are meeting their tough financial challenges. 
From their perspective, the coming years now seem more promising and 
prosperous. On their behalf, I commend the outstanding contributions 
that Mr. Brown has made to their lives and to the district.




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