James Moran said "It was clearly connected to confidence in the economy and the people that were directing the economy and their reliance upon the private sector, but recognizing that the Federal Government had a role in terms of regulation and in terms of monetary policy and in terms of balancing the budget. The budget was balanced, and it was creating jobs, and now to think that we have gone from increasing jobs from 230,000 to losing 600,000 jobs a month, 20,000 a day, just an unbelievable reversal in terms of employment that parallels a fiscal reversal of $12 trillion from what the administration inherited to the situation we find ourselves in now." @ PoliticalQuotes.com

On the recordFebruary 9, 2009

It was clearly connected to confidence in the economy and the people that were directing the economy and their reliance upon the private sector, but recognizing that the Federal Government had a role in terms of regulation and in terms of monetary policy and in terms of balancing the budget. The budget was balanced, and it was creating jobs, and now to think that we have gone from increasing jobs from 230,000 to losing 600,000 jobs a month, 20,000 a day, just an unbelievable reversal in terms of employment that parallels a fiscal reversal of $12 trillion from what the administration inherited to the situation we find ourselves in now.

Said by

James Moran

Virginia

Source

govinfo.gov

Editor's note · Context

Discussing the economic downturn and job losses during a floor speech.

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