Political Quotes

On the recordApril 22, 2010
Every economist from his side of the aisle to our side of the aisle said that if we did not spend money last year that we wouldn't have grown the economy. In fact, Ben Bernanke, the Republican-appointed Chairman of the Federal Reserve by President Bush; and Secretary Paulson all said you had better invest or you are going to go into a depression, not a recession. The gentleman talks about job creation, and it is very interesting because, generally speaking, he wants to return to the policies of the Bush administration. And the Bush administration, of course, was the worst job-performing administration since Herbert Hoover. I know the gentleman knows that because those statistics are pretty clear. It created 19,400 jobs per month. You talk about 400 and some odd thousand jobs. I agree with the gentleman. We need to create that level if we are going to get the jobs that your economic program lost, 19,400 jobs, and you need 100,000 to stay even. That was average over 96 months of the policies that were pursued during the Bush administration that my friend supported. Very frankly, if you will remember, during the Clinton administration, in an economic program that your party didn't support to a person--everyone voted against it--we created 216,000 jobs per month.
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
Apr 22, 2010

Editor's note · Context

Hoyer discusses economic growth and job creation in relation to past administrations' policies.

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