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Public Statements

Uncertainty Destroys Jobs

Floor Speech

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 last 3 years, our economy has not improved, our unemployment rate has remained above 8 percent, our small business owners have been forced to pay higher taxes, and the government spending continues to spiral out of control. The President and his liberal allies in the Senate continue to support legislation that creates more barriers resulting in job loss. The President and the Senate should work with House Republicans and pass over 30 House bills that are aimed to create jobs through private sector growth.

In conclusion, God bless our troops; and we will never forget September the 11th in the global war on terrorism.

Best wishes for a speedy recovery for Earl Brown of Columbia.

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