[Congressional Record (Bound Edition), Volume 155 (2009), Part 15]
[House]
[Page 20096]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           JOBS AND STIMULUS

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Mr. Speaker, President Obama inherited a labor market 
in free fall. When President Bush left office in January, job losses 
peaked as employers slashed a stunning 741,000 jobs.
  Congress worked quickly with the new administration to restore 
financial stability and to pass a recovery package that is beginning to 
take hold. The pace of job losses has eased from its decline at the end 
of the Bush administration. Last week, Federal Reserve Chairman Ben 
Bernanke testified that the unemployment rate would be higher right now 
without the legislation Congress enacted.
  By restoring financial stability and by implementing stimulus 
measures and a responsible budget, we will make the investments 
necessary to lay the foundation for economic recovery that will put 
Americans back to work now and that will create the jobs of the future.

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