On the recordJuly 21, 2011
I thank my good friend from Ohio for the time. Madam Speaker, the Republican majority would like the American people to believe that a near financial collapse never happened, never occurred. To hear the majority's narrative over the course of the 112th Congress, you would think that nothing is wrong with the economy that deregulation and tax cuts for multi-millionaires and billionaires can't solve. What the Republican majority refuses to acknowledge in their revisionist narrative is that their tax cuts for multi-millionaires and billionaires helped lead our country from surplus into massive deficits. The majority's revisionist narrative also omits the fact that years of deregulation and lax oversight of financial institutions is what caused the economic downturn we are struggling to fully recover from. Madam Speaker, the near collapse of the national economy not only cost the American people billions of dollars in bailouts but also resulted in millions of Americans losing their jobs, their homes and life savings through no fault of their own. The number one priority of the 112th Congress should be to continue the economic recovery work of the 111th Congress. The American people expect the other side to work with the President and congressional Democrats to put Americans back to work.…
