Jobs And The Economy
Ms. WATSON. Madam Speaker, Democrats have been focused on helping Main Street, not Wall Street, and momentum continues to build for additional job creation legislation. The Republicans created one of the worst recessions in history and did very little to help a recovery. The Republicans exacerbated the bad economy with tax cuts that favored the wealthy and did very little to help working people. Democrats acted to save the economy from falling apart, to facilitate a recovery and to put people to work.
We will build on the work we have done so far to create and save jobs and get this economy moving. More than half of the Recovery Act still must be spent into our economy, boosting it in the short term and laying a new foundation for long-term prosperity. New extensions of unemployment benefits have been taking effect that will inject demand into the economy. The first-time home-buyer tax credit, which has been extended, will be renewed in less than 2 weeks.