Political Quotes

On the recordNovember 18, 2010
I know that you've worked hard for your district to try to bring in those jobs and to try to create the legislation that would bring the jobs into that district. As you were talking, I said, I'm going to go over and say just a couple of things in support of the message that you're giving today, a message that over the last 2 years has been one of a consistent effort by the Democratic House to stabilize the American economy. We did that with the Wall Street bank bailout, which a lot of people didn't like. I had problems with it, too. I think those Wall Street barons should have paid a heavy price, but the price that they could not pay and should not pay is the total collapse of the financial industry of the world because we would wind up, mom and pop at home, whether you have a 401(k), which unfortunately became a 201(k), whatever, we did that and it worked. Then you came right back, the Democrats in this House and the President came back with the American Recovery and Reinvestment Act, 3 million jobs out of that, stabilizing once again the situation where the jobs were in free-fall the last months actually of the Bush administration in 2008, 800,000 jobs lost.
Said by
John Garamendi
Democratic · California

Editor's note · Context

Garamendi discusses efforts to stabilize the American economy and job creation during the economic downturn.

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