Political Quotes

On the recordSeptember 23, 2002
If you have the weakest economic growth in 50 years, there is no reason for you to talk about it. Certainly this Bush White House will not. They won't bring this issue to the American people because they don't have much to tell us. The news we have seen on the economy is well known. Take a look at what has happened in terms of the market value of those who own stocks, the New York Stock Exchange and Nasdaq, $4.5 trillion of lost stock market wealth between January 2001, when President Bush came to office, and August 2002. That, of course, represents not just a loss in stock market wealth, it is a loss of savings. It is a loss of college savings accounts for kids. It is a loss of pension plans, 401(k)s, and people making new plans with their lives because of the bottom falling out of the stock market. Of course, last week we saw the Dow Jones crashing even further. The people in the Bush administration do not want to discuss this. They don't want to talk about turning this economy around. They want to talk about rallying troops. Let's rally the American people to get the economy back on its feet. Let the President give us 1 hour a week talking about what we can do to try to get this economy moving forward again. This stock market decline is a new record. If you look at the sharpest percentage decline in the Standard & Poor's 500, only Herbert Hoover has a worse record than President George W. Bush.
Said by
Dick Durbin
Democratic · Illinois

Editor's note · Context

Addressing economic challenges and stock market declines during a speech on the Senate floor.

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