Press Release ● Fiscal Responsibility
For Immediate Release: 
April 18, 2006
Contact Info: 
Liz Packard
(202) 225 - 3130

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today after President Bush announced the nomination of former Rep. Rob Portman (R-OH), the current U.S. Trade Representative, to be the director of the Office of Management and Budget, and the promotion of Deputy Trade Representative Susan Schwab to replace Portman as Trade Representative:

             “I have known and worked with both Rob Portman and Susan Schwab for many years, and I am pleased with their nominations by the President to their new posts today.

             “Rob and Susan are very capable, experienced individuals who have demonstrated their willingness to reach out and try to achieve bipartisan consensus on difficult issues and to make common-sense judgments based on the facts at hand.

             “As the new OMB Director, Rob Portman has a very difficult job ahead of him.  Over the last 5½ years, this Administration’s economic policies have been driven primarily by political considerations, and the result has been an historic fiscal turnaround that has seen our nation go from record budget surpluses in the 1990s to dangerous deficits of more than $300 billion a year and an additional $3 trillion in the national debt.  In short, I believe that this Administration has pursued the most fiscally irresponsible policies in American history.

             “I certainly hope that in his new position Rob Portman will be able to inject some fiscal reality into the Administration’s position, and I intend to urge him to do so.  Our nation simply cannot continue on the same unsustainable fiscal path that it has followed since 2001.

             “I also look forward to working with Susan Schwab, who will be our new trade representative.  Susan has a had a very distinguished career in government, the private sector and academia, and did a truly outstanding job as the president and chief executive officer of the University of Maryland Foundation and as Dean of the University’s School of Public Policy.

             “As a former member of the University System of Maryland Board of Regents, I am very familiar with Susan’s work, professionalism and intellect.  I believe that she will work to forge bipartisan consensus on our trade policies and agreements, and will seek to promote economic success at home and abroad.”