| 00:00:01 | JOB LOSSES AS PRESIDENT BUSH LEFT OFFICE. |
| 00:00:04 | MY RECOLLECTION IS AS HE WAS LEAVING OFFICE WE WERE HAVING SOMEWHERE BETWEEN 600 THOUSAND THOUP AND 700,000 JOB LOSSES EVERY MONTH. |
| 00:00:13 | CLEARLY THE PLAN THAT THESE TAX CUTS WERE GOING TO BE A TIME OF WINE AND ROSES FOR ALL DIDN'T QUITE WORK OUT. |
| 00:00:20 | MY RECOLLECTION IS THAT TAX CUT WAS ACTUALLY DONE BY RECONCILIATION; WASN'T IT? |
| 00:00:26 | MR. DURBIN: SREULD TO CHECK MY NOTES -- I WOULD HAVE TO CHECK MY NOTES. |
| 00:00:31 | MRS. McCASKILL: I THINK THAT'S WHY THEY'RE RUNNING OUT. |
| 00:00:34 | RECONCILIATION ONLY LASTS FOR SO LONG AND THEN THEY SUNSET. |
| 00:00:38 | I THINK THAT WAS ONE OF THOSE THINGS WHERE A MASSIVE AMOUNT OF GOVERNMENT LIABILITY WAS INCURRED THROUGH RECONCILIATION AT THAT TIME. |
| 00:00:45 | LET |
Mrs. McCASKILL. I have a couple more questions. I wasn't here when the major tax cuts went through in the Republican Congress with President Bush--the tax cuts that were supposed to bring about great prosperity and job creation in our country. Of course, they didn't. We have had record job losses. As President Bush left office, my recollection is that we were having between 600,000 and 700,000 job losses every month. Clearly, the plan that these tax cuts would be a time of wine and roses for all didn't work out. My recollection is that that tax cut was done by reconciliation, wasn't it?
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