That it accompanies Palpatine’s intensely poor “First Galactic Empire!” scene certainly doesn’t cast the quote in the best light, at any rate.
The scene in a nutshell: “Hey, look at how gullible the Senate is to automatically fall for Palpatine’s bullshit, even though he’s provided no evidence to back-up the claims he’s making against the Jedi!” It really drives home how stupid everyone who isn’t Palpatine is in these movies, how none of them can put 2 and 2 together even when the signs are blatantly there in garish neon colours.
Anything that could otherwise be considered “good” about this scene (like this quote, if you believe it so) is just gutted by all the stupid surrounding it.