Jobs and the Economy

Floor Speech

By:  Judy Chu
Date: June 9, 2010
Location: Washington, DC

Ms. CHU. Mr. Speaker, John Adams once said, ``Facts are stubborn things, and whatever may be our wishes ..... they cannot alter the state of facts and evidence.''

Well, when it comes to the economy, the facts are on our side. It's a fact that Bush's economic policies created the worst financial crisis since the Great Depression. It's a fact that Republicans produced a recession with nearly 800,000 job losses each month and almost doubled our national debt. It's a fact that 8 years of tax cuts for the rich and trickle-down economics only left the American people hosed.

And it's a fact that this Congress ended those flawed policies and enacted tax cuts for working-class families and small businesses across America. Democrats created nearly 200,000 jobs a month this year, cut over $800 billion in taxes, and we're about to cut almost $300 billion more.

Democrats are rebuilding consumer demand, creating new jobs, and getting our economy back on track. And that's a fact, no matter how stubborn the minority wants to be.