On the recordSeptember 15, 2010
If America is going to make it, we're going to have to make it in America. But before I go into the subject of how we can restart and rebuild the American manufacturing sector and make it in America, I'd like to do a little review of history first. Years and years ago, I played football at the University of California. And it's football season, and my friends have often accused me of using football analogies, and, well, it happens to be true. So, okay, it's football season. Let's consider for a moment that it's not football that we're dealing with but, rather, it's the economy. And if we were to consider the first quarter, we would have to look at the George W. Bush and the Republican first quarter. What happened? Beginning in 2007, we began to see the extraordinary crash of the American economy. It just bled jobs. Eight million jobs were lost, peaking in December of 2008, just before the onset of the Obama administration. Nearly 800,000 jobs were lost that month alone, totaling 8 million during that period of time.
Source
govinfo.gov




