Congresswoman Nancy Pelosi

Pelosi Statement on House Democratic Economic Forum

December 9, 2002

WASHINGTON, D.C. -- House Democratic Leader-Elect Nancy Pelosi released the following statement at a press conference this afternoon about the two-day House Democratic economic forum taking place today and tomorrow:

"I’m pleased that we have a record turnout -- more than 130 Members of the Democratic Caucus are coming together today and tomorrow to exchange views and share information and ideas that will lay a foundation on which to build a Democratic economic plan. This is a chance to hear from experts across the political spectrum to discuss what needs to be done.

"As I said last week when the President dismissed the Treasury Secretary and his top economic adviser, the Bush economic plan has not worked, and their dismissals show that this has finally dawned on the President of the United States. The President can shuffle his staff all he wants, but it is his plan that has failed.

"The unemployment rate is now at 6 percent, the highest in more than eight years. Yet the President and Congressional Republicans have refused to extend unemployment benefits for the nearly 1 million Americans who are out of work and whose unemployment insurance will expire three days after Christmas.

“We must have a plan for economic growth that creates jobs, is fair and is fiscally sound. This forum will help us build consensus among our Members on the best way to spark an effective and lasting economic recovery.”


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