Lois Capps: “One year ago, our economy was on the brink of collapse; Wall Street was in a downward spiral, credit markets were…”

“One year ago, our economy was on the brink of collapse; Wall Street was in a downward spiral, credit markets were completely frozen, and more than 700,000 Americans were losing their jobs every month. But President Obama and the Democratic-led Congress responded quickly and responsibly with historic measures. These measures may be unpopular, unpleasant, and expensive, but they have worked. I have been meeting recently with business, labor, and community leaders throughout my district to get a better sense of how the recovery is working for Main Street. My constituents have made it clear to me that we have made great progress. Financial and housing markets have stabilized, monthly job losses have abated, and banks have begun to lend again. However, they also made it clear that they need more help, and that's why this Democratic-led Congress has passed the Jobs for Main Street Act in the House. This plan builds economic opportunity for the long term, creates new jobs that are sustainable for years ahead, rebuilds our infrastructure, creates new energy sources, and develops the new technologies and innovative products that we and the world want to buy. We are committed to rebuilding America's economy, putting Americans back to work and ensuring our Nation's economic future.”