We're talking about the most important game of all. It's not even a game. The most important thing of all is the American economy and how to keep it going and growing. To go back over it, during the Bush years, these are all of the reasons we've stated: Two wars for which money was borrowed, creating an enormous deficit; the deregulation of Wall Street, anything goes; the collapse of Wall Street; the issues of tax policy where the wealthy were rewarded for their wealth, not for their work, which led to the largest decline in the American economy since the Great Depression of the 1930s. It was plain to see that when President Obama came in. That was the first quarter. In the second quarter, we began to see policies that were put forth by the Democratic Party and the Democratic administration, policies that began to restore the American economy--a steady upward climb. It's not where we need to be, but we are on the road, and we did all of that with almost no Republican help at all.
Editor's note · Context
Garamendi discusses the state of the American economy and the impact of past policies.
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