Bush and Hoover Presided Over Faltering Economies

BUSH AND HOOVER PRESIDED OVER FALTERING ECONOMIES -- (House of Representatives - June 12, 2008)

(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.

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.

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