Congressman Peter Roskam (IL-06) issued the following statement on the eve of the three year anniversary of President Obama's "stimulus" becoming law.
"Three years ago President Obama promised Americans 3.5 million jobs and unemployment under 8% if they just supported his nearly trillion dollar "stimulus' plan. In the time since, Americans have endured crushing job losses, 36 straight months of unemployment above 8%, and trillions more in debt. And yet, astonishingly, the White House still refuses to pivot from trying to borrow, tax, and spend our way into prosperity. Americans have fundamentally rejected this debt-end approach.
"With unemployment still above 8% in February 2012, it's time the White House embraced pro-growth private sector solutions that will remove barriers to job creation and jump-start our economy. Businesses large and small need certainty and predictability to grow. That's why our economy needs fundamental tax reform -- as opposed to the constant threat of tax hikes, commonsense regulations that stop Washington bureaucrats from unilaterally devastating sectors of our economy, an energy policy that reduces American's energy bills and our dependence on foreign energy, and a smart healthcare policy that actually reduces health costs.
"The stimulus is exhibit A where the President's policies have failed. It's time for a better approach."