The economy started going south, I would say to my friend, in September of 2008, when, because of very lax regulations on Wall Street, the bottom fell out of the financial system and jobs were lost at an ever-increasing number. And so the Bush administration, by its lax regulation, cost thousands and millions of jobs across this country, and that's what we're trying to stop. We've been able to slow it down, Madam Speaker. Now it's time to start adding jobs. And part of this bill provides for job training. It provides for summer jobs, as well as dealing with the disaster relief that has to be managed for the rest of this season of tornados and fires and floods. And we're in a flood right now in North Dakota and Minnesota. We have to address that and we have to fill that emergency fund so we can address these things promptly and without any delay, as I believe occurred with Katrina down in Louisiana.
Editor's note · Context
Speaker Perlmutter addresses the economic downturn and the need for job creation and disaster relief.
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