Barbara Boxer: “The fact is, we came off of the Clinton administration where 20.7 million new jobs were created, and we are at the end…”

“The fact is, we came off of the Clinton administration where 20.7 million new jobs were created, and we are at the end of the Bush administration and a loss of 1.6 million jobs. They will make every excuse in the book for it. The fact is, we have that kind of record, even though we are in raging deficit spending. I am an economics major. Granted, it was a long time ago that I went to college and I got my degree in economics, but one of the things they taught us in economics 101 was that when you wanted to rejuvenate the economy--deficit spending. So here we have a President who is deficit spending, who has stolen every penny from the Social Security trust fund to pay for his tax cuts, throwing hundreds of billions--let's be exact, between $120 billion and $200 billion at Iraq with no end in sight to bear the burden of that war, let alone the human loss of life, and with all of this deficit spending we see a loss of 1.6 million jobs. It is shocking to see this type of record.”