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The recession’s over? Thanks, Rep. DeGette!

Posted by Kelly Maher on October 1st, 2010
 
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Dr. Mike Fallon, a Republican candidate for Congress, explained clearly during a recent candidate forum in Denver why further stimulus spending for the states would be a waste and how private-sector job creation must lead the way.

His opponent, U.S. Rep. Diana DeGette, D-Colo., informed the audience that the recession is over!

Yes she did. Technically she may be correct (that the recession ended in June 2009, according to The National Bureau of Economic Research report that came out the day she spoke). But why did DeGette find THAT worthy of proclaiming given widespread worry about the economy, skepticism about the federal government’s ability to fix what’s wrong and an unemployment rate of 9.5 percent?

DeGette has become a captive of Washington-think during her seven terms in office, a believer that if a little federal government is good, a lot must be better. She has earned a consistent ‘F’ rating from the National Taxpayers Union, interrupted by a ‘D’ in 2003.

Here’s a partial transcript of the candidates’ remarks from the Allied Jewish Federation’s 2010 Candidates Forum in Denver on Sept. 20, 2010, moderated by Adam Schrager of 9News.

FALLON: “What we need to do is grow our economy through the private sector. We need to get government out of the way so that private jobs can be sustainable over a long period of time. So, I’m against further stimulus spending. Our Congress has an addiction to spending. We need to live within our means, just like our families do, just like our businesses do. And government spending has been proven to not be the answer.”

SCHRAGER: “Congresswoman DeGette, your thoughts on further stimulus funding for states, in particular?”

DEGETTE: “I agree with my opponent. We should not have further stimulus spending unless it’s paid for. In other words, if we want to have infrastructure improvements then that needs to be paid for somewhere else in the budget, through tax revenues that are existing or something else. But we should not have any more deficit spending.

“I will beg to differ with my opponent, though, because the stimulus bill of last year, the non-partisan Congressional Budget Office has just shown that unemployment would be 2% higher if it had not been for that program and we would have many many more jobless people in this country. In additon, we would have had teachers and police officers and other state employees thrown out of their jobs. We would have also lost unemployment benefits for people and COBRA benefits for people.

“The TARP money, which was a bi-partisan bill that was passed when President Bush was president, actually has now been almost totally repaid, in part, due to the leadership of Congress. So while I don’t think that we should have any additional stimulus spending unless it’s offset someplace else, I do think that the stimulus that we passed helped stabilize our economy. And we have really good news today about the fact that the recession’s over and now we need to climb out of it.”

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The recession's over? Thanks, Rep. DeGette!, 5.5 out of 10 based on 6 ratings
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    ABOUT THE AUTHOR: Kelly Maher
    Kelly, a co-founder of WhoSaidYouSaid, brings more than 10 years of campaign and policy work experience. In addition to her skills in grassroots activism and organization, Kelly has a knack for distilling complex issues into accessible messages that resonate with voters. Her policy specialties include health care, education, employment and tort reform. Follow Kelly on Twitter at @okmaher.

5 Responses to “The recession’s over? Thanks, Rep. DeGette!”

  1. Chris Marisic says:

    “I saved a million jobs by running around Wash Park”.

    That right there is the fundamental flaw in almost all CBO “analysis” that they frequently aren’t using reality and instead use the ‘reality’ that congress orders them to use.

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  2. Paul M says:

    “I will beg to differ with my opponent, though, because the stimulus bill of last year, the non-partisan Congressional Budget Office has just shown that unemployment would be 2% higher if it had not been for that program and we would have many many more jobless people in this country. In addition, we would have had teachers and police officers and other state employees thrown out of their jobs.” - DeGette (from above)

    Is this the same CBO that says ObamaCare will reduce medical costs? Curious Ms. DeGette, can you show me when in the last thirty years the CBO was right about any of the numbers it has published (in retrospect doesn’t count, hindsight is always 20/20)? Also, Ms. DeGette the jobs you say that were “saved” by the stimulus are government jobs, not private sector ones. Good to see that you socialistic tendencies aren’t limited to social policy, but expand to economics as well.

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  3. [...] This post was mentioned on Twitter by Mike Fallon, MD, Denise Andrew. Denise Andrew said: The recession's over? Thanks, Rep. DeGette! | WhoSaidYouSaid: Dr. Mike Fallon, a Republican candidate for Congress… http://bit.ly/d5kEWG [...]

  4. Anna says:

    As a recruiter, I can tell you that our economic troubles are not over. In fact, more and more, companies are telling me that one of their major concerns about hiring is the rising cost of health care premiums - and the uncertainty of how much more they will rise.

    For this reason, the prevailaing trend among startups forming this year is not to offer a group plan at all, but to partially reimburse for individual plans. If people can’t obtain individual plans due to a pre-existing conditions or age, they will have to go on the state plan.

    On a personal note, I just received a letter from my insurance company informing me that my premiums - for a very healthy, young family of 3 - will go up 50% next year. I’m thankful that we’re healthy and young - for now - I’ve talked to job-seekers on individual plans whose situations are much worse.

    Thanks, Rep. DeGette!

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  5. Ryan Kerr says:

    A few thousand private sector jobs were saved through TARP. Capitalists, tax-paying Americans, and so called “small goverment” private sector politicians have criticized the government’s massive intervention in the financial system.

    But economists collectively agree that had it not been for the hefty bailout program, the country would have surely fallen headfirst into a chasm of economic ruin with little hope for recovery.

    Initially, this monumental rescue effort was expected to cost taxpayers hundreds of billions of dollars – a figure that prompted outcries and protests across the nation. But with banks now turning a profit and repaying their TARP dollars, and even the automakers and insurance giant AIG expected to be able to pay back at least part of their capital injections, the program’s price tag has shrunk to a fraction of that. What about these jobs that have been saved?

    The latest reports on the Treasury’s estimates put the total cost of TARP at less than $50 billion. Some officials have even gone so far as to say they expect the government’s bailout efforts to actually turn a profit for taxpayers when all is said and done.

    Numbers released by the Congressional Budget Office (CBO) in August are not too far off from the Treasury’s figures. CBO’s assessment is that TARP will carry an expense of $66 billion. The federal agency has reduced its estimate several times over the life to the program, and its projection could go lower still

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