Tag Archives: Jesse Jackson Jr
Former Speaker of the House Nancy Pelosi: “I think it’s really important to know that President Obama was a job creator from day one. Now, was the ditch that we were in so deep that when you’re talking to people and they still don’t have a job, that that’s any consolation to them? No. But I’ll tell you this, if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make.”
Treasury Secretary Timothy Geithner on what would happen if we did not raise the debt limit: “We’d have to stop making payments to our seniors — Medicare, Medicaid, Social Security. We’d have to stop paying veterans’ benefits. We’d have to stop paying all the other payments on all the other things the government does. And then we would risk default on our interest payments. If we did that, we’d tip the U.S. economy and the world economy back into recession, depression.” None of which is true, of course.