There is no question about it. No question about it. And I think one of the important issues that we need to talk about as a country too, along with the health care and along with a lot of the decisions that our friends on the other side made that put us here, we need to remember this in context not only of the last year, but I think of the last couple of decades. Because the arguments we are hearing today about socialism, and here comes big government and all these other things were the same arguments that they made against President Clinton in his initial budget that he passed in 1993 when he first got in. It was the same claims. And I think they passed it without any Republican votes in the House, and Democrats had to carry the water. And look what happened in the nineties. And that is what I say even to my Republican friends who we like to tease each other back home in the district. I said how is your 401(k) doing now since President Obama has been in? Is it doing a little better than it was when President Bush was in? I think it was. So you take that number that Bush had, the same thing with President Clinton, 20 million new jobs created in the 1990s because of the Democratic economic proposals. You had the bottom 20 percent of people, their wages grow for the first time in a long, long time prior to that. You saw budget deficits turn into budget surpluses.
On the recordJanuary 19, 2010
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govinfo.govEditor's note · Context
Speaker Ryan discusses economic policies and their impacts over the decades, comparing Democratic and Republican administrations.
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