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Restoring the flow of credit to consumers and small businesses, helping homeowners avoid foreclosure, and increasing transparency and accountability to taxpayers are all essential for the stability of our financial system and for our eventual economic recovery.
The President's plan hits the right notes and builds on Congress' efforts to bring transparency and accountability to this process. Congress and the Administration are also united in our commitment to provide substantial housing foreclosure assistance to people most in need. This commitment must move quickly to action.
"What...will give us a shot in the arm going forward is...just saying no."
-- House Republican Whip Eric Cantor [Washington Post, 2/9/09]
OUT-OF-TOUCH REPUBLICAN LEADERSHIP
By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.
Speaker Pelosi: