Political Quotes

On the recordFebruary 11, 2014
I come to the floor today to discuss the stagnant Obama economy and how ObamaCare is making it worse. This Monday marks the fifth anniversary of the day the President signed his trillion-dollar stimulus bill into law. In remarks he gave in Denver that very day he signed the bill, the President stated that the legislation marked ``the beginning of the end'' of the Nation's ``economic troubles.'' Five years later, however, the end of the Nation's economic troubles is nowhere in sight. The headlines of the jobs report released Friday say it all. The headlines from the Associated Press said, ``U.S. Economy May Be Stuck in Slow Lane for Long Run.'' The New York Times headline: ``Weakness Continues as 113,000 Jobs Are Added in January.'' From CBS News: ``Another month of weak job growth raises slowdown fears.'' From the Wall Street Journal: ``U.S. Adds 113,000 Jobs, in Latest Worrying Sign on Growth.'' From Reuters: ``U.S. employment fails to rebound strongly from winter chill.'' Well before passage of the stimulus, Presidential adviser Christina Romer predicted that the stimulus bill would reduce the unemployment rate to 5 percent by the year 2014. In fact, over the past 5 years, the unemployment rate has never come close to falling that low. Last month's unemployment rate was 6.6 percent. If so many people had not dropped out of the labor force over the past several years, that number would be even higher.…
Said by
John Thune
Republican · South Dakota
Source
govinfo.gov
Feb 11, 2014

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