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Global Investment in American Jobs Act of 2012

Floor Speech

Location: Washington, DC

Mr. DOLD. Mr. Speaker, this is not what economic recovery looks like. Last Friday's painful jobs report showed for every one American job that was created, four people simply exited the labor force. In fact, the percentage of Americans participating in the labor force today is lower than it has been at any time since September 1981.

Mr. Speaker, this is a national crisis. Over 23 million Americans remain unemployed, underemployed, or have simply given up looking for work. Our Nation's GDP growth was lower in this year's second quarter than the first. The average monthly jobs created is less this year than last.

Washington has tried a trillion dollar stimulus, 4 straight years of trillion dollar deficits, yet unemployment has remained above 8 percent for over 43 consecutive months. The American people are honestly asking themselves: Am I better off today than I was $6 trillion ago?

Mr. Speaker, we need to work together to empower businesses to create jobs and grow our economy, which is why I've introduced a bipartisan, bicameral jobs bill, the Global Investment in America Jobs Act. This isn't about politics. It's about the millions of Americans who are unemployed and seeking opportunities for a better future.

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