I continue to hear my friends on the other side of the aisle refer to the stimulus bill as a failed policy, apparently in the belief that if you say it over and over again it will be true. But it's not true, not by a long shot. Last year at this time, the stock market was at 6,500 and today it is at 10,600. One year ago, during the first quarter of 2009, GDP came in at a staggering 6 percent decline, but in the last quarter of 2009 it rose almost 6 percent. And monthly job losses, while not where we want them to be, are literally 20 times better than they were a year ago today. Some may say this would have happened anyway and that the stimulus had nothing to do with it, but I would ask my colleagues, Madam Speaker, to consider that would be quite a coincidence, don't you think, for all those economic indicators to begin such a dramatic turnaround at precisely the time the stimulus passed. Quite a coincidence indeed.
Editor's note · Context
Altmire defends the stimulus bill and its positive impact on the economy.
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