Speaker Nancy Pelosi (D-Calif.) said Thursday she had no doubts that the economic measures undertaken in the House this term were best suited to aid the economy.

Pelosi rejected the notion that Democrats' formula of spending measures and tax cuts to boost the economy missed the mark.

"We had a big hole to dig our way out of and deep recession that the Bush administration took us in," Pelosi said in an interview on CNBC. "We welcomed the challenge, and to keep momentum going in a positive direction."

"No," Pelosi responded when asked if Democrats' "recipe was off" for economic recovery.

The speaker did pass off some blame to the Senate, though, where Republicans have steadily been able to hold up a number of spending measures in recent months, usually objecting over the size of the bills, and how and whether they were paid for in the budget.

The spending Democrats did manage, she said, staved off another depression.

"The employment rate, they tell us, would be 14 and a half percent without these federal interventions," she said.

Republicans have hammered Democrats and the Obama administration over the economy and stimulus, noting that the White House's own projections about the effects of the signature $787 billion stimulus bill predicted an unemployment rate under eight percent by this point.