So what they were doing was reflecting the reality of an economy that was in trouble when they took office. I just want to, again--Senator Conrad is here. I don't want to pick him out as being the only one who was accusing the President and Vice President of talking down the economy because Senator Daschle was doing the same thing: I think we're talking down the economy, and in talking down the economy, I think we're beginning to see the results in the market. The Bush administration has been talking down the economy now for some time . . . but look at what's happened. I say to the Senator from Kentucky, at the time the administration was 'talking down the economy,' the economy was, in fact, in trouble. At the time the Democrats are talking down this economy, is this economy in the same shape it was in January, February, and March of 2001? Mr. McCONNELL. No, this economy is rolling, and virtually every category by which one can measure the direction in which the economy is going is heading in the right direction--in some cases dramatically in the right direction. Even the unemployment figure, which they want to harp on, is the same unemployment figure they were praising a mere 8 years ago--praising as the best of times. Today it is the worst of times, and the only thing that is different is there is a different President in the White House.
Editor's note · Context
Discussing the state of the economy and criticisms of the Bush administration during a Senate floor debate.
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