Press Releases
Brendan Daly/Nadeam Elshami
202-226-7616
08/08/2007
Pelosi: President’s Assertions on the Economy Just Don’t Hold Up
Washington, D.C. – Speaker Nancy Pelosi released the
following statement today on President Bush’s remarks at the Treasury
Department after a meeting with his economic advisors:
“After six years of reckless spending in
“The New Direction Congress passed a responsible budget that
restores fiscal responsibility and makes up for disastrous cuts the President
has made to vital services for Americans.
Our responsible budget is seven-tenths of one percent different from his
spending plan. In the House, we have passed all 12 appropriations bills with
bipartisan support, with an average of 50 Republican votes each. And finally, our responsible budget restores
pay-as-you-go budgeting, making no new spending commitment without a way to pay
for it.
“While our budget difference is less than 1 percent, our
priorities are dramatically different.
The President has chosen to give tax cuts for the wealthiest Americans
and to spend $3,800 each second, more than $228,000 per minute, to keep our
troops in the middle of a civil war in
“In just the last few weeks, this Congress has made
remarkable progress to grow our economy with a plan to achieve energy
independence, an Innovation Agenda that will boost our ability to compete in a
global economy, health insurance for millions more children, an increase in the
minimum wage, and the largest expansion of college aid since the GI Bill.
“The President took no questions after his report on the economy today because frankly, his assertions wouldn’t hold up. The question the President really should have answered today is this: ‘After six and half years, what have you done to help restore the American dream?’”