Seeing the Effect of Republican Policies

Floor Speech

SEEING THE EFFECT OF REPUBLICAN POLICIES -- (House of Representatives - September 16, 2008)

(Mr. DAVIS of Illinois asked and was given permission to address the House for 1 minute.)

Mr. DAVIS of Illinois. Mr. Speaker, the truth is that from 2001 to 2007, Republicans controlled all levels of power here in Washington. It was their opportunity to put the conservative economic ideas that they have been talking about for decades into law, and they did it.

Today we see the effect of these policies. Middle-class families are being squeezed by wages that have actually fallen by $300 since President Bush took office, 3.4 million more Americans are unemployed, 5.7 million more Americans are living in poverty.

Foreclosure rates have hit a record high with 2.5 million families expected to lose their homes this year. The dollar remains weak because President Bush continues to borrow record amounts of money from other countries.

This is the economy Washington Republicans created with policies towards the needs of the wealthiest few over those of hard-working, middle-class Americans. Now Senator McCain vows to continue those same economic policies if he wins the Presidency.

That does not sound like change to me.

Source