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Public Statements

Uncertainty Destroys Jobs

Floor Speech

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Date:
Location: Washington, DC

Mr. WILSON of South Carolina. Mr. Speaker, in Wednesday's Washington Examiner, columnist John Stossel quoted economist John B. Taylor of the Hoover Institution who stated ``Unpredictable economic policy--massive fiscal `stimulus' and ballooning debt, the Federal Reserve's quantitative easing with multiyear near-zero interest rates, and regulatory uncertainty due to Obamacare and the Dodd-Frank financial reforms--is the main cause of persistent high unemployment and our feeble recovery.''

Over the past three and a half years, our economy has not improved: our unemployment rate has remained above eight percent, our small business owners have been forced to pay higher taxes, and our government spending continues to spiral out of control, destroying jobs.

The President and his liberal allies in the Senate continue to support legislation that creates more barriers resulting in economic uncertainty. This sense plays a tremendous role in our economy's inability to recover quickly. It is past time for the President and the Senate to work with House Republicans and pass legislation aimed to create jobs through private sector growth.

In conclusion, God bless our troops and we will never forget September 11th in the Global War on Terrorism.


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