Inside the beltway, Republicans threaten to take us back to the failed policies that created this economic crisis in the first place. They are siding with the special interests, with credit card companies, with Big Oil, and with insurance companies. These failed economic and fiscal policies created the George Bush recession-- the worst financial crisis since the Great Depression, with job losses of nearly 800,000 per month. This Congress passed the American Recovery and Reinvestment Act, which is responsible for 2.8 million jobs saved or created, including jobs for teachers, police, and firefighters. More than a third of the bill was for tax cuts for 98 percent of Americans and for small businesses--the very people who suffered through 8 years of George W. Bush. This act is also rebuilding America with clean tech, clean energy, and 21st century jobs. Our passage of health insurance reform will create not only 4 million new jobs over the next decade, primarily in small businesses, but it will also unleash the potential of the American economy.
Editor's note · Context
The speaker addresses the impact of Republican policies and highlights the achievements of the American Recovery and Reinvestment Act.
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