Political Quotes

“I thank you, Congressman Burgess, for joining us tonight on trying to get the economy going, and you are so right. This recovery is so subpar. Most Americans don't realize. I talked earlier about--we are predisposed, excited about bouncing out of recessions as fast as we can, but not this time. We took a look at recessions the country has gone through since the Great Depression, and the one that's closest to it, that had the most damage, happened in the early 1980s. And if you compare how President Obama's performance was--is today versus President Reagan's in 1982, 1983, it's pretty stunning. The Reagan recovery, which had a higher unemployment rate to begin with, and if you look at three key areas, in the first three quarters after the recession ended under President Reagan, his economy grew twice as fast as the Obama recovery. If you look at the number of jobs created, it isn't even close. The first year of the Reagan recovery, the United States added 3 million jobs. We've actually lost them under President Obama. And look at this chart. You can see what the job numbers are. Reagan continues to increase. Obama, even under the best scenario right now, it is a very slow, subpar, very stagnant type of economic recovery. And similarly, the unemployment rate fell by more than 2 points under President Reagan, while it's increased under President Obama. You ask what is the difference, and it's what Congressman Burgess talked about, two things.…”