It's so encouraging to have people see the difference in how we approach reform here in Washington. There are those who will suggest that the 8.2 million jobs lost during the Bush recession were a tremendous blow to this Nation's economy, to working families, to households across this country. There are those who would suggest that the $17.5 trillion worth of household wealth lost in the last 18 months of President Bush's final stage of his Presidency, some of that's been recaptured, recovered, some $6 trillion. But that painful outcome is sometimes lost. People forget that there were these trillions of dollars lost to the household incomes, that there were 8 million jobs lost in this country. Why would people want to go back to those failed policies? ... To balance a budget on the backs of our hardworking retirees, people who have invested in the system, is telling us what their philosophy is all about. They're not supporting Wall Street reform.
Paul Tonko: “It's so encouraging to have people see the difference in how we approach reform here in Washington. There are those who…”
Editor's note · Context
Speaker Tonko addresses the economic impact of policies from the Bush administration and critiques Republican proposals on Medicare and Social Security.
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