[Congressional Record (Bound Edition), Volume 155 (2009), Part 19]
[House]
[Page 25786]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         REPEATING OUR MISTAKES

  (Mr. McCLINTOCK asked and was given permission to address the House 
for 1 minute.)
  Mr. McCLINTOCK. Mr. Speaker, today's unemployment rate of 9.8 percent 
last reached that level in 1983. President Ronald Reagan responded by 
cutting taxes and by reducing regulatory burdens on the economy, and he 
produced the biggest peacetime economic expansion in our Nation's 
history.
  Today, President Obama is doing exactly the opposite. ObamaCare, cap-
and-trade and the other measures promise the biggest tax increases and 
the heaviest regulations that we've ever seen.
  Three Presidents within the last 100 years have responded to 
recessions by reducing taxes and regulations. Warren Harding, John F. 
Kennedy, and Ronald Reagan all produced rapid and dramatic economic 
recoveries.
  We've had two Presidents in those 100 years who reacted to recessions 
by doing the opposite--Herbert Hoover in the early 1930s, who radically 
increased taxes and spending and who imposed unprecedented burdens on 
trade, and the other is Barack Obama.
  As they say, those who refuse to learn from history are condemned to 
repeat it.

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