Today, Congressman Marlin Stutzman (IN-03) issued the following statement in response to the Federal Reserve's decision to begin a third round of quantitative easing (QE3).
"Today's announcement is an admission that the President's policies have failed to deliver the recovery he promised nearly four years ago," said Stutzman. "Excessive regulation, furious deficit spending, and constant threats of tax hikes are hurting Americans during the worst jobs crisis since the Great Depression. Hoosiers know that we need to unleash American ingenuity and rein in Washington spending and regulation. A third round of monetary stimulus could weaken the dollar, push commodity prices higher, and put seniors on fixed incomes at risk. The Fed's decision is no substitute for pro-growth policies that put families, entrepreneurs, and small businesses--not bureaucrats--in the driver's seat."