The gentleman would like to pretend that the Bush administration didn't exist. He doesn't like to look back. He doesn't like history. He doesn't like to learn from our mistakes. I notice he doesn't outline the mistakes that the Bush administration made and that he made in supporting the Bush economic policies, but presumably he believes they existed, which led to such a disastrous performance of our economy. The turning of a $5.6 trillion surplus that the Bush administration inherited, which allowed it to do some of the things that it did without paying for them because they inherited surpluses, unfortunately, they left a $5 trillion deficit to this administration. They left a deep, deep, deep hole that we have been trying to dig out, without much help, frankly, from your side of the aisle, I will tell my friend. And we are getting out of that hole. Almost every indicator indicates that, including a growth in jobs. Not nearly to where people are feeling it. So we need to make sure that we continue to create jobs and create an economy that is working much better than it worked during the Bush administration.
Editor's note · Context
Hoyer addresses the economic legacy of the Bush administration and the challenges faced by the current administration.
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