[Congressional Record Volume 155, Number 101 (Wednesday, July 8, 2009)]
[House]
[Page H7746]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         AN ECONOMIC LIFE-SAVER

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Mr. Speaker, the U.S. economy shed 467,000 jobs in 
June, yet the economic climate would have been worse without the 
economic recovery legislation we passed in February. One leading 
independent economist reported last week that our stimulus measures 
prevented the loss of some 500,000 jobs in the last 3 months alone.
  Many State and local governments, retailers, and service-providing 
employers have been able to save thousands of jobs that otherwise would 
have vanished without money provided in the stimulus package to 
communities and consumers. As a result of our action, the legislation's 
broad approach will leave the unemployment rate 2 percentage points 
lower by the end of next year. The stimulus impact has and continues to 
be an economic lifesaver for families all across this country.

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