Paul Tonko: “If the gentlewomen will yield, it's interesting. You know, you talk about these observations that have been shared in…”

“If the gentlewomen will yield, it's interesting. You know, you talk about these observations that have been shared in publications, but as early as April 16, I believe, Fortune Magazine talked about the Recovery Act's working, that the President's policies were having their presence felt. They talked about it as a sharp turn. Interestingly, if we see the pattern of the retail sales that you presented in chart format, the household wealth recovery chart and this GDP scaling, they all had that same graphic. It's this sharp V formation, that precipitous dive, straight-line dive, from early 2008 into the beginning of 2009. Here is another one on the path to economic recovery and then that slow and steady straight line of recovery. So, to me, it's blatantly obvious there was this continuation of decline, and you can't help but wonder what would have happened if we had allowed the failed policies of the past to continue or if this President and if this Congress had not stepped up to the plate.”