Political Quotes

“In the fall, Madam Speaker, of 2008, America did not know whether it was heading for the second Great Depression. Those weren't my words. Those were the words of Ben Bernanke, head of the Federal Reserve. Since then, the work of the Obama administration and the Democratic Congress has headed off disaster. Most important has been the Recovery Act, which cut taxes for small businesses and 95 percent of families, funded thousands of job-creating projects across America, provided emergency assistance to those hit hardest by the recession, saved States from laying off teachers, firefighters, police officers, and much more. No matter what its partisan critics say, the facts say it clearly: The Recovery Act is working. The Recovery Act created some 2 million jobs. And since President Obama took office, monthly job losses are down 96 percent, from 726,000 over a 4-month average during the latter part of the Bush administration, to 27,500 over the last 4 months, a 96 percent improvement of job loss. That is not success, but it is progress. Success will be when we grow jobs, as we did in November. Our economy is growing again. In the most recent quarter, it grew by 5.9 percent. That is the fastest rate in 6 years, and the second straight quarter of growth under President Obama.”