Political Quotes

On the recordFebruary 3, 2009
Again we've been lectured on economic theories. And we agree that there is a significant difference between the two sides on economic theory. And we've been begged to adopt the economic theory proposed by those on the other side. I would just want to inquire exactly what result they like as a result of their economic theories? We've heard about paying the mortgage with the credit card. Well, the result in the economic theory from that side was an elimination of a $5 rac{1}{2} trillion surplus and the creation of a $3 rac{1}{2} trillion deficit mostly created by borrowing from foreign governments. Exactly what part of that is good? What part of job creation is good? Tens of millions of jobs were created under the Democratic economic theories, worse job performance since the Great Depression was under the Republican theories. What is good about that? What is good about income over the last 8 years, median income that has actually gone down? It went up $7,000 a family during the 1990s. It went down over the last 8 years. What is good about that? What is good about the Dow Jones Industrial Average going down? It more than tripled from 1993 through 2000, more than tripled. It has actually gone down. Exactly what is good about that? We've been lectured over and over again about how great these theories are. Maybe they don't like jobs. Maybe they like a deficit. Maybe they like incomes going down or the Dow Jones Industrial Average going down.
Said by
Bobby Scott
Democratic · Virginia

Editor's note · Context

Addressing economic performance and contrasting Democratic and Republican economic theories.

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