On the recordJuly 8, 2011
I thank the gentleman for his comment. The gentleman, I understand, does not like me to look back. But the problem with being around for some time, you hear people say that this isn't going to work or that's going to work, and you know what? Hopefully that ought to be instructive as to whether it did work or didn't work. And the problem I have, which, apparently, I know you don't appreciate, is that I've heard the rhetoric before that you've just used today, and I heard it in 1993 when a program which had revenues in it, or, as you like to say, taxes--obviously those are revenues--and it was going to destroy the economy. Who said so? Phil Gramm, an economist on your side. He said we would devastate the economy. He was dead, flat wrong, 180 degrees wrong. We had the best economy in your lifetime. Furthermore, let me instruct the gentleman, I don't know what you're reading from, but your figures are wrong. Over the last 20 months we have gained 2 million jobs. {time} 1240 Now, did we lose a lot of jobs in the first 6 months? We did. Now, there is no doubt in my mind for 1 second that if it were a Republican President and it had been a Democratic administration, there is no administration in history that wouldn't have blamed those first 6 months on their predecessor because they couldn't turn the economy around. So, since the stimulus took effect, we have gained 2 million jobs. Have we gained enough? No. We lost 8 million jobs under the Bush administration.…





