Rick Allen: “I want to commend him and all of my colleagues for being here tonight to try to present some factual evidence about what…”

“I want to commend him and all of my colleagues for being here tonight to try to present some factual evidence about what the Republican tax cuts are really all about. One can see what is going on in part just by looking at the state of the economy under the Bush administration. This chart shows that with net growth of 1.5 percent, the Bush administration has now the worst real GDP growth since World War II. Every other administration has done better at creating jobs and growing the economy than the Bush administration has. In fact, if you look at this chart again, what you see is that since President Bush took office, we have lost almost 2.6 million private sector jobs in this country. No wonder the administration is concerned. This has been a country where the economy has been strong, where it has been growing, even when we have had difficulty. But not in this administration.”