Frank Pallone: “our Nation is in a job recession with 2.7 million jobs lost since President Bush took office, the worst jobs record in…”

“our Nation is in a job recession with 2.7 million jobs lost since President Bush took office, the worst jobs record in 40 years. For almost 3 years, the Republicans had the power to turn this recession around, and they have failed miserably. For the past 2 years, the President and Republicans in Congress have repeatedly chosen tax breaks for the elite, and the American people are still waiting for one job to be created. Today Republicans are at it again with a bill on the floor that amounts to nothing more than a huge payback to the wealthiest Americans in our Nation, a payback that is disguised in the form of breaks on capital gains and stock dividends, two proposals economists conclude will not create jobs or growth in the near future. Mr. Speaker, at a time when our economy needs a true jolt to reverse America's economic skepticism, the Republican proposal will not stimulate the economy. The Republican record on economic stimulus is uninspiring, and one that should not be extended today. We have had enough of it. Let us not continue down this road and this continued economic downturn.”