Political Quotes

“Madam President, I come to the floor today to talk about our economy, the threat of the pending fiscal cliff, and the need to address the challenges we face. Two years ago last week, the Obama administration hailed the advent of the ``Summer of Economic Recovery.'' The President claimed, ``The economy is headed in the right direction.'' Vice President Biden confidently predicted the creation of 250,000 to 500,000 new jobs a month. Meanwhile, Treasury Secretary Tim Geithner published an op-ed in the New York Times boldly entitled, ``Welcome to the Recovery.'' Well, 2 years later, Madam President, Americans are still waiting for the recovery. Today's jobs figures are well below the 250,000 to 500,000 jobs per month Vice President Biden forecasted. This year, the economy created a dismal 77,000 jobs in April and just 69,000 jobs in May--less than half the 150,000 jobs that are needed each month just to keep up with population growth. Unemployment--which the White House predicted would shrink below 6 percent by April of 2012--has remained at or above 8 percent for 40 straight months. Looking at the facts, it is clear the private sector is not doing fine. In fact, the President's economic policies have made the economic situation in this country worse. The President seems to prefer more stimulus spending from Washington, DC, but the President's $831 billion in stimulus money has not led to the job creation he claimed it would.…”