Statements about Economy
The U.S. economy is "recovering slower than Europe "
"Seven out of the 10 states with the lowest unemployment rates (have) Republican governors … That approach that Republicans are using is working."
Says Obama has "doubled the stock market from where we started when he was sworn into office"
President Obama pushed through the stimulus "based on the promise of keeping unemployment under 8 percent."
Maryland is "creating jobs at 2 ½ times the rate that Virginia is."
Small businesses "create 70 percent of the jobs in America."
The U.S. economy "is three times as big as China's."
Says his proposed payroll tax cut "will mean an extra $1,500 in your pocket compared to if we do nothing."
Ninety percent of the job growth in Virginia has been in the private sector.
"China owns more of our bonds than do Americans."
"Under Gov. Rick Perry’s leadership [Texas] has created more jobs over the last decade than the rest of the states combined."
"President Obama and liberal former DNC Chairman Tim Kaine’s $787 billion stimulus failed to create jobs."
"The tax on job creating businesses is 35 percent in the United States, second worst in the entire world."
Under Gov. Bob McDonnell, more jobs have been lost than created in Southside and Southwest Virginia.
For more than 30 years after World War II, there was a steady reduction in U.S. debt as a percentage of gross domestic product.
The U.S. has "over $62 trillion in unfunded liabilities."
Failure to raise the debt limit does not force a U.S. default on debt payments.
"Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]."
"When I took office last year we faced historic budget deficits of $6 billion here in Virginia. And we closed those deficits by cutting spending."
Virginia was named "best managed state, best state for business and best state to raise a child" while I was governor.
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