Flores Statement on February Unemployment Report

Statement

U.S. Congressman Bill Flores (R-Texas), a former entrepreneur, and job creator and member of the House Budget Committee released the following statement today following the February unemployment report released by the U.S. Bureau of Labor Statistics revealed an unchanged rate of 8.3 percent in unemployment.

"For the 37th consecutive month the Obama economy has continued to have a disappointingly high unemployment rate of over 8 percent. The president's failed policies are continuing to hold back our economic growth and American job opportunities. As a former entrepreneur and job creator, I know firsthand that by reducing regulatory burdens and reforming the tax code we can give small businesses and entrepreneurs renewed confidence in our economy. This is a proven strategy--all we have to do is look at the Reagan recovery of the 1980s. If the Obama administration would follow our proposed economic model, it is projected that almost 17 million more Americans would be working today and that our GDP would be about $5,700 higher for every American man, woman and child.[1] House Republicans have diligently been working throughout the 112th Congress on the Plan for America's Job Creators, and yesterday passed H.R. 3606, the JOBS Act which would improve access to capital for startups and small businesses.

"In addition to continued high unemployment, skyrocketing gas prices are another painful part of the failed Obama economic model. Since 2009 we have seen the national average price of gasoline more than double. Our focus as a country must turn towards access to domestic energy sources that will create American jobs, grow our economy, and reduce our nation's dependence on sources from foreign countries. Instead of relying on proven policy options like the Keystone XL pipeline, the president continues to waste the resources of hardworking American taxpayers on failed solutions like Solyndra. House Republicans will continue to press for an "All of the Above' energy strategy based upon proven technologies."

To find out more about what House Republicans are doing to improve the economy, please go to jobs.gop.gov.

Congressman Bill Flores represents the 17th District of Texas and is an entrepreneur, former energy executive, Certified Public Accountant (CPA) and member of the House Budget, Natural Resources and Veterans' Affairs Committees.

Source