Political Quotes

On the recordMarch 11, 2011
numerous economists have indicated, including Mark Zandi, who was, of course, one of the principal advisers to John McCain when he ran for President, Chairman Bernanke, chairman of the Federal Reserve, Goldman Sachs, Moody's, and others, that the just rejected H.R. 1, if adopted, would lead to the loss of hundreds of thousands of jobs, in one analyst's point of view, over 800,000 jobs. In fact, of course, three Republicans voted against H.R. 1 in the Senate, and one of those who voted for H.R. 1 in the Senate said this, Mr. Speaker: Let me be clear that I strongly oppose some of the proposed cuts in the House-passed bill--that was H.R. 1--particularly the drastic cuts that would disproportionately affect low-income families and seniors. Making such deep and immediate cuts to critical low-income heating assistance, weatherization, and Head Start programs in the middle of the fiscal year would cause serious problems for those who rely on these programs.
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
Mar 11, 2011

Editor's note · Context

Hoyer discusses the economic impact of H.R. 1 and its effects on low-income families and job loss.

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