Also, Congressman, they knew who dug this hole. I mean, this is a deep, deep hole that our new President, Barack Obama, inherited. And expectations are that he dig us out of it and go forward at the same time. Now that is going to be very hard. But we are going to do our part in working with him to make sure this can happen. But it cannot happen overnight. We have to know that that hole is so deep that we don't know where the bottom is yet. So it seems so odd to me that the same people who dug the hole are the ones who are saying, We want to keep doing it the way we did it all along. The only way to solve this problem is to cut taxes some more.
Lynn C. Woolsey: “Also, Congressman, they knew who dug this hole. I mean, this is a deep, deep hole that our new President, Barack Obama…”
On the recordFebruary 10, 2009
Source
govinfo.govEditor's note · Context
Discussing the economic challenges faced by President Obama.
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