Political Quotes

“If you look at the very ugly red end of the chart, that is an indication of where we were in terms of household wealth under the Bush administration. And if you look through those years, we had household wealth that dramatically, dramatically declined, so much so that people were in absolute dire straits. So we had an economy that was reeling, spiraling ever downward; we had deficits that were exploding from a President who was handed a record surplus, and that was the mess that President Obama found himself in. The additional mess that he found himself in was a plummeting statistic of household wealth. If you look at the progress that we have made and the direction that household wealth is going in now, as evidenced by the right side of the chart, you have an indicator that, since the Recovery Act took effect, we have gained nearly 30 percent back of household wealth that was lost under the Bush administration, $5 trillion in growth in household wealth, compared to $17.5 trillion in household wealth that was lost. We have gained in just 1 year $5 trillion of that back.”