Political Quotes

On the recordFebruary 7, 2009
Target laid off 382 people in Sunnyvale; Harman Becker Automotive laid off 325 people in Northridge; Ghirardelli Chocolate laid off 107 people in San Francisco; Circle Foods laid off 112 people in San Diego. And it goes on and on and on: 500 laid off, 1,000 laid off, and on and on and on. What happens when someone loses his or her job? And what happens when the mom and dad lose their jobs? It is a life-altering change. We know this housing crisis got us into this jam, and we need to address it far more. That is why President Obama has said: Do this first, get this economic recovery on track. Then we will look at housing and do the things we need to do. Then we will look at the financial sector. So it is a three-legged stool. We have to do all of it. It is what the election was all about. But we need to step up to the plate now because it is one thing to lose your home because you were in a terrible situation with your mortgage and your interest rate kicked up to 8.9, 10 percent. That is awful. It is even worse to lose your home because you are two paychecks away from homelessness. We need to stem the tide. I do appreciate my Republican colleagues' newfound respect for fiscal responsibility. But we have to admit--admit--they never cared about it the last 8 years. And that is how I started off, challenging my friend from Alabama. The past 8 years: deepening, deepening debt. Imagine this: When George Bush took the oath of office, our budget was in surplus.…
Said by
Barbara Boxer
Democratic · California

Editor's note · Context

Discussing job losses and the economic crisis during a speech on economic recovery.

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