Political Quotes

Steny Hoyer: “As you know, we came together and we agreed on the passage of a stimulus package. We passed a stimulus package because…”

On the recordMay 1, 2008
As you know, we came together and we agreed on the passage of a stimulus package. We passed a stimulus package because we thought our economy was either about to go in recession or was in recession-- not at the time when we passed it, but that seems to be the case now--and the stimulus package was designed to either keep us out or to bring us out of a recession and to try to help our people who are at risk. As you know, we did that on an emergency basis. The reason we did that on an emergency basis, we felt, in terms of stimulating the economy, you didn't want to stimulate and depress at the same time. So the answer to your question, for instance, on unemployment insurance, that may well fall in the same category from our perspective.
Said by
Steny Hoyer
Democratic · Maryland

Editor's note · Context

Discussing the rationale behind the passage of a stimulus package during economic uncertainty.

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