Congressman Bob Latta (R-Bowling Green) made the following statement regarding today's one-year anniversary of the "stimulus" package being signed into law.
"One year ago today, President Obama signed the "stimulus' package into law making a promise that with this bill, our national unemployment rate would not exceed eight percent.
Unfortunately, this $1 trillion legislation has done nothing to combat our 9.7% unemployment nationwide and our 10.9% unemployment in Ohio where over 107,000 jobs have been lost since the "stimulus' package was signed into law. Littered with pork barrel spending, the "stimulus' package continues to disappoint a majority of Americans who do not believe it created jobs or stimulated the economy. Over the past year the Administration continued to modify data as to how many jobs were "created or saved' and failed to provide legitimate oversight as to how taxpayer dollars have been spent within this legislation.
House Republicans have offered multiple solutions to combat our nation's staggering unemployment rate with legislation that will create jobs through tax cuts, reducing federal bureaucracy, and modifying federal regulations that currently inhibit small business lending. Similar to last year's debate of the "stimulus' package, House Republican ideas are still not considered in legislation that is passed by the Democrat majority.
Job creation is the most important issue facing our nation right now and it is time for the President and Speaker Pelosi to work with House Republicans to help put our country back to work."