Hoyer Statement on President Obama's Speech on the Economy

For Immediate Release:

June 14, 2012

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement after President Barack Obama's speech today in Ohio on the economy:

“Today, we heard President Obama lay out a plan for America’s economic future to provide businesses with certainty, to create jobs for the middle class, and to pay down our debt. The American people understand what’s at stake this year: the progress of our economic recovery and the potential for a new generation of prosperity. The path laid out by the President is the right way to further our recovery, as demonstrated by the success of our auto industry after Democrats took action to prevent automakers from going bankrupt. 

"Unfortunately, Republicans in Congress have focused on an extreme, partisan agenda instead of working with Democrats to strengthen our economy.  That they would hold student loan interest rates and investments in critical infrastructure hostage for the sake of politics says much about their seriousness when it comes to doing what’s necessary to get our economy moving again and put Americans back to work.

“President Obama believes, as I do, that America prospers when our people have opportunities to work hard, take responsibility for themselves, and pursue the American Dream. Mitt Romney and Congressional Republicans, on the other hand, are offering the same failed policies of the past that exploded our debt, crashed our economy, and led to higher costs for middle-class families.  The President’s speech in Ohio today was a clear indication of the choice Americans have in this year's election: we can continue moving forward to achieve a secure economic future or turn the clock back.”

###