Political Quotes

“I just would remind my friend from North Carolina and the other Members of her party that when you cut taxes for the wealthiest of Americans, as was done under the Bush administration and the Republican Congress, prosecute two wars without paying for them, and have absolutely no regulation of Wall Street, you get a financial disaster. We are talking about natural disasters, but they created a financial disaster that we saw caused the loss of millions of jobs beginning in 2008. We need to reverse that, and that is precisely what is happening. The job loss has gone from 780,000 jobs lost in January 2009, the last month that George Bush was in office, to 20,000 jobs lost in January 2010. Not good enough, but a lot better. The stock market lost 7,500 points; and in the last year, it has gained 4,000 points back. Not where we want to be, but a heck of a lot better. There was $17 trillion lost by each American in their home, in their pension, in their 401(k)s and in their jobs in the last 18 months of the George Bush administration. We have gained $5 trillion back. Not good enough, but a heck of a lot better. Finally, the fourth quarter of 2008, the last quarter of the Bush administration, the steepest drop in the gross domestic product, what this country produces, really since the Depression, 6 percent drop, gained 5.7 percent in the fourth quarter of 2009. It hasn't gotten us back to even, but it is a lot better. That is what is going on.”