[Congressional Record Volume 156, Number 80 (Tuesday, May 25, 2010)]
[House]
[Page H3757]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           FIXING THE ECONOMY

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. MORAN of Virginia. So, Mr. Speaker, we are to be treated with 1 
minute after 1 minute by our Republican friends telling us what they 
want to do with the economy, but is a year and a half so long ago?
  For 8 years, the Republican Party had the opportunity to steer this 
economy, to fix this economy.
  What happened?
  They took a $5.6 trillion projected surplus and 21 million new jobs 
that had been created by the Clinton administration and left President 
Obama with a $3.5 trillion projected deficit--a $9 trillion fiscal 
reversal. In the last several months of the Bush administration, we 
were losing 700,000 jobs a month. In fact, in the last few months of 
the Obama administration, we have gained more net new jobs than during 
the entire 8 years of the Bush administration. Just a year and a half. 
Think of the reversal, but also consider what President Obama 
inherited.
  So, while I have great fondness for many of my colleagues, we would 
ask the American people to look at the facts. When they had the 
opportunity, they blew this economy wide open left it in shambles and 
now we are being asked to believe that they would do it differently if 
we just give them one more chance.

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