Today when President Obama signs into law sweeping Wall Street reform, it will mark another important change--I state, another important change--from the failed Republican policies of the past. The irresponsible policies of the Bush administration and the Republican Congress cost us 8 million jobs. Thankfully, this new financial reform puts us on a path of restoring accountability to our financial system and ending the era of tax-funded bailouts. President Obama and the congressional Democrats have fought to move America forward. We have enacted significant new laws to create new jobs and increase small business lending, end pay discrimination in the workplace, extend Medicare sovereignty, and make college education more affordable. Unfortunately, my Republican colleagues continue to support policies that will ship jobs overseas, privatize Social Security, and dismantle Medicare. We can no longer afford the policies of the past. We must continue to work with our President and move America forward.
Editor's note · Context
The speaker addresses the significance of Wall Street reform and critiques past Republican policies.
Share
More from Joe Baca
Today I rise in recognition of a great civil activist, Cesar E. Chavez. This week, we celebrate the life of a man who symbolizes dignity and respect and who would have turned 85 years old on March 31. He was a farm laborer, a leader, a…
It has been 400 days since the Republicans took control of the House of Representatives, and we still have no bills designed to create jobs in America. Now the Republican political games are bringing us to the brink of yet another crisis…
As policymakers, it is our job to learn from the mistakes of the past and not repeat them. Nearly 700,000 American jobs have been lost as a direct result of NAFTA. In my district, the 43rd Congressional District, we have lost over 2,000…
This year will be a very difficult holiday season for millions of Americans looking for jobs. Sadly, these families are not getting the help they deserve from the Republicans here in Congress. We have now reached 337 days of Republican…





