Pelosi: Effects of Bush Recession are Still Being Felt by Millions of Americans and Small Businesses

WASHINGTON, Sept. 20 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement today on a report from the National Bureau of Economic Research declaring that the Bush recession ended in June 2009:

"Today, some economists determined that the Bush recession officially ended more than a year ago, but we know that because of its severity, the effects of the Bush recession are still being felt by millions of Americans and small businesses. We have and we will continue to act to create jobs, strengthen our economy, and move in the right direction.

"That's why – despite Republican opposition and months of Senate Republican obstruction and delay – this week the House will pass the Small Business Jobs and Credit Act and send it to President Obama for his signature into law. This fully paid-for bill will help create 500,000 jobs, reduce taxes for small businesses, and provide hundreds of billions of dollars in private sector capital to small businesses so they can innovate and hire new workers.

"Congressional Republicans have made it clear that they will oppose all efforts to help small businesses grow, voting against nearly all of the eight tax cuts for small businesses that have been signed into law. Top Republicans have opposed our 'Make It in America' manufacturing agenda that will create good-paying jobs here in America. In fact, from their opposition to Wall Street reform to wanting to repeal new patients' rights, the Republican agenda continues to be about taking care of big corporations and sending American jobs overseas.

"With legislation like the Small Business Jobs and Credit Act, we will continue to move forward to economic security for all Americans. We will put an end to the Bush recession that Americans can really feel and build a stronger new foundation for our economic future."

SOURCE Office of the Speaker of the House

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