Mr. THOMPSON of Pennsylvania. Mr. Speaker, a headline in the Wall Street Journal last week read, Job Cuts Loom as Stimulus Fades. Therein lies the jobs problem. The Democratic stimulus plan was poorly designed as a job creator. Government money doesn't do a very good job of stimulating the private sector to invest. The American people know that true economic stimulus starts with tax relief for working families and small businesses. They know that burdening those same families and businesses with an expensive health care program with unknown consequences is a job killer. They know that placing additional energy taxes on the public through the cap and trade system makes businesses pull back on any new investments for the fear of the unknown costs they will face. A stable economy with no surprises looming in the future will give confidence to businesses, and they are the true economic engines of our country. Tax relief promises more capital in the hands of those who invest in the future.
At the time of the stimulus vote, Republicans wanted more funds put into highway construction and Army Corps projects, but that didn't happen. The President has acknowledged that jobs are a problem by holding a jobs summit just this last week. He knows that more than 15 million Americans are looking for work. Let's hope he chooses a new and better path.