Peter Visclosky: “There used to be 6,700 working families in the First Congressional District. They are not going to be benefited by this…”

“There used to be 6,700 working families in the First Congressional District. They are not going to be benefited by this resolution... My Republican colleagues have turned a surplus of $237 billion into a deficit of $165 billion; they have turned economic growth into a recession. The Dow Jones Industrial Average was at 10,646 at the beginning of this Congress. Under Republican leadership, yesterday it closed at 7,863. My colleagues have also been able to turn median household income around. It has declined. It has declined from $43,100 to $42,200. Maybe they do not quite need as much help. The resolution today talks about making permanent a tax change. Hopefully, by 2010, these aberrant facts will have changed. But two things have become permanent under my colleagues' leadership. I have people who have permanently lost their jobs in the domestic steel industry, and they are never going back.”