Mr. HENSARLING. Mr. Speaker, since President Obama was elected, 2 1/2 million more of our fellow citizens have lost their jobs. Unemployment has now been above 8 percent for 28 straight months, the longest stretch since the Great Depression, and if you look at the underemployment numbers and those who have simply given up, the situation is far worse. The top three credit rating agencies have now all issued warnings about our spending-driven national debt. A recent report by the Bureau of Labor Statistics says that new business startups are at a 17-year low.
Mr. Speaker, we have got to get this Nation back to work. America is experiencing a deficit of jobs because job creators have a severe deficit of confidence in the President's economic policies. Washington cannot help the job seeker by punishing the job creator with massive debt and massive regulations.
House Republicans have a plan for America's job creators which will put the Nation on a fiscally sustainable path, make our Tax Code more competitive, help create more American-made energy, and take the burden of regulation off our job creators' backs so America can go back to work.