Political Quotes

On the recordMarch 28, 2011
Mr. President, I will follow up with a few brief comments. The transition is important and worth noting. I am so glad Ranking Member Snowe made reference to the fact that the two of us are on the floor not just to reauthorize because it is the time for reauthorization but because this program works, because it is cost- effective, and because it actually is a job creator. It creates jobs in the private sector, not necessarily the public sector, although there are some public sector jobs associated with it that are crucial and important--people in the agencies working on identifying this new technology. But the lion's share of these jobs by far is being created in the private sector. I wish to show what our challenge is. Here you can see both President Bush and President Obama faced extraordinary challenges. This is the Monthly Changes in Private Payrolls, Seasonally Adjusted from January 2008, when this recession began, until today. You can see it is absolutely a dramatic loss of private payroll, reductions in private payroll. This represents substantial job losses. But as you can see, it is just now, in April 2010-July 2010, and now to the present, to February of 2011--I know we are into March but this doesn't have the final month or two on here--we are making tremendous progress in turning this around. Again, this is the Monthly Changes in Private Payrolls. This represents the teeth of the great recession that caught so many businesses, large and small, off guard.…
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Mary Landrieu
Democratic · Louisiana

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