OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Executive Session

Floor Speech

Date: March 5, 2019
Location: Washington, DC
Issues: Economy and Fiscal

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Mr. GRASSLEY. Madam President, I would like to make a point about the so-called Green New Deal. It is very obvious it is a reference to Franklin Roosevelt's New Deal in the 1930s. The implication is that what the New Deal did for the Depression should be a model for the environment.

There is just one great big problem: The New Deal in the 1930s didn't work. It didn't get us out of the Great Depression. The Depression didn't end until we entered World War II.

Just like the original, the Green New Deal sounds like really bold action, but it is really a jumble of half-cocked policies that will dampen economic growth and will hurt jobs.

Everything our government ought to be trying to do is to encourage economic growth and to create jobs.

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