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Public Statements

Where are the Jobs?

Location: Washington, DC

Mr. GARRETT of New Jersey. Mr. Speaker, it's a little over 18 months since President Obama signed the so-called economic ``stimulus'' bill into law. To say now, as many of my Democratic colleagues continue to do, that this stimulus was somehow a success, that's really an insult to the millions of Americans who are now unemployed and continue to look for work.

We've heard repeatedly from our business leaders and economists that one of the biggest impediments to job creation is what this Congress has been doing here every day. I mean, how can businesses be expected to invest and to create jobs when they read in the paper such things that our government is expected to run trillion dollar deficits as far as the eye can see, that banks will now have to conform to 243 new regulations because of that 2,300-page Dodd-Frank bill we just passed, and that next year we will experience in this country the largest tax increase in American history?

And, also, the energy prices. Energy prices may skyrocket because of the House-passed cap-and-trade bill. And health insurance premiums, they were promised to go down, but they are going to increase because of the recently passed health care bill.

Mr. Speaker, uncertainty is the enemy of economic growth. Thank goodness it's the August recess.

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