John Garamendi: “We couldn't get rid of that old, broken-down Bronco, but we were in the market for a new car and we did buy one. We've…”

“We couldn't get rid of that old, broken-down Bronco, but we were in the market for a new car and we did buy one. We've gone through several parts of the tax policy and the stimulus program. And a lot of folks out there think the stimulus program didn't do any good. Well, we know that in terms of the macroeconomics of the Nation, that it actually did. Together with the bank bailout--which I've got a lot of problems about the way that was done, and that was in the previous administration, in the years of the Bush administration-- but together it stopped the collapse. Other nations did their piece of it too, but it stopped the collapse. And just this last month in March we actually saw job growth in America; we actually saw jobs growing, net increase in the number of employed people. Whether that's going to continue month to month in the future, we hope so, but the stimulus program actually has worked. It has reduced the tax burden for American families, for the middle class, the largest middle class tax cut in anybody's memory, and at the same time has created a lot of new jobs.”