Maxine Waters: ‘I Applaud President Biden For Never Backing Down In The Face Of Opposition’

3 months ago

On Tuesday, Rep. Maxine Waters (D-CA) delivered remarks on the Biden-Harris Administration's economic policies during a House Financial Services Committee hearing.

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Transcript

00:00I yield back.

00:02The chair will now recognize the ranking member of the full committee, the General of California,

00:05for four minutes for an opening statement.

00:07Thank you, Mr. Chairman.

00:08Good morning.

00:09I'd like to welcome you, Madam Secretary, before the committee today and applaud the

00:15work, both your leadership and President Biden's leadership.

00:21The Biden-Harris administration is fighting every day for people by creating 15.7 million

00:28new jobs, doubling the average monthly number of jobs created during Biden's term when compared

00:35to Trump's first three years before the pandemic, increasing wages broadly, wealth and wages

00:43broadly, and steering our economy out of the throes of a pandemic made worse by the previous

00:51administration.

00:53I also applaud President Biden for never backing down in the face of opposition.

00:58When the Supreme Court blocked his plan to cancel student debt, President Biden sought

01:05other ways to help America's student loan borrowers.

01:08To date, the Biden administration has forgiven $144 billion in federal student loans for

01:16nearly 4 million borrowers.

01:18This is what it looks like when we have a leader who puts the well-being of the American

01:23people above his need for revenge.

01:27From signing into law the American Rescue Plan and the bipartisan infrastructure law,

01:33which is making the U.S. economy the strongest in the world, to taking on companies saddling

01:40Americans with illegal job fees, to cutting child poverty in half, our economy is stronger

01:48because of President Biden.

01:49I also commend Secretary Yellen's work to stabilize the banking system after last year's

01:56regional bank failures, as well as deploying $12 billion for CDFIs and MDIs and $10 billion

02:05for small businesses through the Small Business Credit Initiative.

02:10I'm working on a bill to build on the successes of the effectiveness of SSBCI, and I look

02:16forward to working with you on that.

02:19And there's still more work to be done, especially on issues like housing, and President Biden

02:26has made housing a top priority of his administration.

02:31On the other hand, the MAGA operatives have made their priority loud and clear.

02:37They have conceived a 920-page plan to undermine our government, our social safety net, and

02:44our values as America.

02:46This Project 2025 is diabolical, so insidious, and so disturbing that everyone in this country

02:54needs to read it.

02:55They need to read it so they can understand the plan to take away their rights, their

03:00freedoms, their democracy, and turn this country into a cresto-fascist state.

03:06You can read this garbage at www.project2025org.

03:15Now Project 2025 was written by former Trump White House staffers, Trump administration

03:21officials, and the ultra-right-wing Heritage Foundation.

03:25In addition to banning abortion and contraception, abolishing the Department of Education, taking

03:32over the Department of Justice so a Republican president can use the FBI to settle political

03:39scores just to hit a few of the lowlights, Project 2025 would also gut agencies like

03:49the Consumer Financial Protection Bureau and the Federal Reserve, and dangerously restructure

03:54the Treasury, the Department of Housing and Urban Development, and other agencies critical

04:00to the economy.

04:02Moreover, Project 2025 describes plans to withdraw from international financial institutions

04:10like the IMF and the World Bank, both of which have advanced U.S. democratic ideals all around

04:17the world.

04:18I yield back.

Maxine Waters: ‘I Applaud President Biden For Never Backing Down In The Face Of Opposition’

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