Political Quotes

On the recordFebruary 10, 2009
for the past week, the Senate has been debating an economic recovery plan introduced by Senators Inouye and Baucus. I support this plan because the American people and their communities need it to create jobs, help stabilize the economy, and protect those who have been most hurt by the current global economic and financial crises. We are confronting the most severe economic problems this country has experienced in generations. The U.S. economy has been in recession since December 2007. America's GDP declined 3.8 percent in the fourth quarter of 2008, the steepest drop since 1982. The United States lost 2.6 million jobs last year, the most since 1945. And last week we learned that the U.S. economy shed 598,000 jobs in January, putting the unemployment rate at 7.6 percent. In my home State of Vermont, not only has the amount of credit available to small businesses shrunk significantly, but our unemployment rate jumped to 6.4 percent in December--the highest measurement in more than 15 years.
Said by
Patrick Leahy
Democratic · Vermont

Editor's note · Context

Discussing the economic recovery plan during Senate floor debate.

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