Political Quotes

“5 years ago, as a result of the greed and the recklessness and the illegal behavior on Wall Street, this country was plunged into the worst economic crisis since the Great Depression of the 1930s. As a result, millions of people lost their homes, lost their jobs, and lost their life savings. And about 5 years ago we were looking at a situation where some 700,000 Americans a month were losing their jobs--an unbelievable number. The stock market plummeted. There was panic in the financial sector. The good news is that to a significant degree we have stabilized that situation. We are not losing hundreds of thousands of jobs a month. The stock market is, in fact, doing very well. But what is important to understand is that it is imperative we not accept the ``new normal'' for the economy as it is today because the reality is that today, while the situation is better than it was 5 years ago, for the middle class and for the working families of this country the economy is still in very bad shape. And I am not just talking about a 5-year period; I am talking about a generational situation. Mr. President, you may have seen that just yesterday the Census Bureau came out with some new and extremely disturbing statistics, and it tells us why so many Americans are frustrated and angry with what is going on in Washington and why so many people respond to pollsters and say: Yes, we believe the country is going in the wrong direction. What they are saying is true.…”