Hoyer Discusses President Obama's Economic Legacy on CNBC’s Squawk Box

“The fact of the matter is, of course, the economic environment since President Obama took office has substantially improved, incredibly improved. Unemployment down, unemployment applications down, 74 months of job growth, 14 million new jobs created, stock market tripled, which means that people's retirement, 401(k) programs are substantially in a better shape than when [President] Obama took office. So there’s some very good economic statistics. Can a spurt in growth occur? I think it's possible that can occur. Whether it can be sustained given the policies that the [next] administration says it wants to pursue with reference to taxes, I think, is problematic at best.”

“… [T]he fact is, the U.S. has grown better than anybody else in the world. So from that standpoint, the recovery in the United States has been the best in the world. So could it have been better? I suppose we could always hypothesize it could have been better if, but the fact of the matter, it was better than almost anybody else. Have we gotten to where we need to get? No, we have not. Globalization, obviously, has had a real impact on average working people. You were talking about that a little earlier, the skills set match. We've got to make sure that average working people do, in fact, have access to jobs and that they have the skills to perform those jobs.”