Political Quotes

“Mr. President, the good news is the country has made substantial economical progress in the last 6 years since President Bush left office. Instead of losing 800,000 jobs a month as we were during the final months of the Bush administration, we are now creating some 250,000 jobs a month and have seen steady job growth over the last 58 months. Instead of having a record-breaking $1.4 trillion deficit as we did when President Bush left office in January 2009, the Federal deficit has been cut by more than two-thirds. Today the 10-year deficit projection is now $5.5 trillion lower than what the projections were back in 2010. Six years ago the world's financial system, as we all remember, was on the verge of collapse. Today that is not the case. In fact, some might suggest that Wall Street is doing too well. While we can take some satisfaction as to what has been accomplished in the last 6 years, one would be very naive not to appreciate there is also a lot of very bad news in our economy, especially for working families. Most significantly, the simple truth of the matter is the 40-year decline of the American middle class continues. Real unemployment is not 5.6 percent--including those people who have given up looking for work or people who are working part time when they want to work full time--it is over 11 percent. Youth unemployment--something we almost never talk about in this country--is a horrendous 17 percent, and African-American youth unemployment is over 30 percent.…”