[Congressional Record (Bound Edition), Volume 154 (2008), Part 9]
[House]
[Pages 12303-12304]
[From the U.S. Government Publishing Office, www.gpo.gov]




           BUSH AND HOOVER PRESIDED OVER FALTERING ECONOMIES

  (Mr. PALLONE asked and was given permission to address the House for 
1 minute.)
  Mr. PALLONE. Madam Speaker, for 7 years Americans have endured the 
failed economic policies of President Bush, policies that have favored 
the wealthiest few and the big corporations at the expense of the 
middle class and those aspiring to reach the middle class.
  Last week for the fifth month in a row, we learned that the Bush 
economy had lost more jobs than it created. This unimpressive economic 
record is once again drawing comparisons to that of another Republican 
President, Herbert Hoover. President Bush has the worst job creation 
record since Herbert Hoover, who presided over the stock market crash 
and led our economy into the Great Depression.

[[Page 12304]]

  And just like Herbert Hoover, President Bush refuses to take the 
necessary action and begin to turn this economy around and to help 
those who are suffering the most.
  Madam Speaker, history is not going to be too kind to President Bush 
when it comes to his handling of our Nation's economy. But this week, 
he has the opportunity to work on that record by supporting our efforts 
to extend unemployment benefits to millions of our Nation's workers. 
And it is the right thing to do.

                          ____________________