Garrett Response to Obama Address to Congress
Rep. Scott Garrett (R-NJ) released the following statement in response to President Barack Obama's address to a joint session of Congress:
"I applaud President Obama's boldness and energy in the face of our current economic crisis. He recognizes that the challenges our country faces are interrelated, and we cannot rectify the crisis without addressing the broader issues. Where President Obama and I disagree is in the manner in which the broader issues should be addressed.
"The President believes that government intervention in the marketplace is necessary to restore order - I am wary of additional government intervention, as it does nothing to strengthen our financial markets or encourage private investment. My main concern is that Washington is sending mixed signals to Wall Street which is causing capital to remain on the sideline. Until investors are clear about the government's intention with regard to future market interference, confidence will not be restored to the financial sector.
"The President wants to create jobs - I share his desire to fight the rising unemployment that has so many American families fearful about their ability to provide for their loved ones. I believe the best way to create jobs is to encourage the growth of American small businesses. History has shown that the most effective way to reinvigorate the economy and spur economic growth is to ensure that job creators face a lower tax and regulatory burden.
"The President wants to reform our healthcare system - I am encouraged by his recent statements on fiscal responsibility, as the current level of entitlement spending is unsustainable and will only serve to sink our country into further debt. I do have concerns about any healthcare reforms that will demolish independent private-sector healthcare in America and disincentivize entry into specialty fields, which could result in reductions in innovation and quality of care. Much bipartisan discussion is needed in order to develop a clear plan to solve our nation's healthcare problems.
"The President wants energy independence - I could not agree more. I have and will continue to support an energy policy that will move America away from foreign sources of energy and encourage American-made solutions. Alternative and renewable fuels will play a key role in this effort and I support increased research in wind, solar, bio-mass, bio-diesel, nuclear, ethanol, hydrogen, and coal energy. The potential of these fuels requires that Congress be supportive of further research and development to improve those fuel technologies.
"I believe the way to revive our economy is to liberate Americans from their overwhelming tax burden in order to empower individual taxpayers and keep more money in the wallets of American families. We must cease the excessive federal spending that continues to bloat our national debt, and create opportunities for private initiatives to spur economic growth. We must end the government interference in the marketplace that many experts say have helped create our current economic crisis."