(Washington, DC) -- Reacting to the news that last month 598,000 Americans lost their job –the largest one month job loss since 1974, Rep. Debbie Wasserman Schultz made the following statement:
“Let’s not mince words; the failed policies of the Bush Administration and the Republicans in Congress have placed Americans in the most serious financial collapse since the Great Depression. Responding to this crisis, I voted for the American Recovery and Reinvestment Act, an aggressive package that will stimulate economic activity by investing in programs and infrastructure that America needs.
“This legislation, crafted with President Obama, was passed by the House of Representatives more than a week ago, but has run into the same tired Republican obstructionism and failed ideology that got us into this mess in the first place. It is time to set rhetoric aside and pass this legislation to help the 3.6 million people who have lost their jobs since the start of the Bush Recession in December 2007.”
The American Recovery and Reinvestment Act will:
“Let’s not mince words; the failed policies of the Bush Administration and the Republicans in Congress have placed Americans in the most serious financial collapse since the Great Depression. Responding to this crisis, I voted for the American Recovery and Reinvestment Act, an aggressive package that will stimulate economic activity by investing in programs and infrastructure that America needs.
“This legislation, crafted with President Obama, was passed by the House of Representatives more than a week ago, but has run into the same tired Republican obstructionism and failed ideology that got us into this mess in the first place. It is time to set rhetoric aside and pass this legislation to help the 3.6 million people who have lost their jobs since the start of the Bush Recession in December 2007.”
The American Recovery and Reinvestment Act will:
- create and save 3 to 4 million jobs, rebuilding America, making us more globally competitive and energy independent, and transforming our economy for long-term growth.
- give 95 percent of Americans an immediate tax cut.
- invest over $100 billion in roads, bridges, mass transit, flood control, clean water projects, and other infrastructure projects.
- invest quickly into the economy – 75 percent in the first 18 months.
The Recovery Plan has unprecedented accountability measures built in—providing strong oversight, an historic degree of public transparency, and including no earmarks.
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