Political Quotes

On the recordJune 21, 2010
I realize very much the financial situation our country finds itself in today. Everyone on this side of the aisle recognizes that. We also recognize the fact that the problems dealing with the economy were not created by the Democrats or even President Obama. The problems were created by virtue of 8 years of wild spending by a prior administration, a war costing $1 trillion that was unpaid for, and tax cuts amounting to more than $1 trillion, unpaid for, that caused this huge recession. President Obama has been doing his best, working with us to get our way out of that financial situation in which we find ourselves. I am very amazed at the logic of my friends on the other side of the aisle suddenly seeing fiscal austerity as the way to go when the wild spending went on for 8 years without a word having been spoken. We are doing everything we can to make sure the country continues on an upward scale. It has now. We have a long ways to go. But as economists say, the hemorrhaging has stopped, and we are trying to work our way into a vibrant economy.
Said by
Harry Reid
Democratic · Nevada
Source
govinfo.gov
Jun 21, 2010

Editor's note · Context

The speaker addresses the economic challenges facing the country and the historical context of those issues.

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