The president's latest stimulus proposal is nothing more than a rerun of the same failed policies of his first stimulus bill. Even members of the president's own party are pointing out that his bill is clearly not the medicine our ailing economy needs. Instead of hiking taxes on job creators and drowning small businesses in regulation, we need to focus on fostering private-sector job creation by cutting the deficit, reforming our tax code, eliminating burdensome regulations, and getting government out of the way of job creators.
Oct 11 2011
Washington, D.C. -- U.S. Senate Republican Leader Mitch McConnell made the following statement on the Senate floor Tuesday regarding a vote on the President's partisan stimulus and tax hike plan:
In the Weekly Republican Address, Senate Republican Policy Committee Chairman John Thune explains how President Obama's economic and regulatory policies are making things worse.
Sen. Thune says, "For months now, my Republican colleagues and I have been saying that President Obama has made our economy worse since he took office. This past week, even he admitted that the American people are not better off than they were four years ago. Just since his inauguration in 2009, there are two million more people unemployed, six million more people living in poverty, and 13 million more on food stamps. Our federal debt has increased by 39 percent. That's more than $4 trillion dollars."
On the president's latest stimulus proposal, Sen. Thune points out, "President Obama's policies are damaging our economy, and his proposed solutions are not serious. His latest stimulus bill is so flawed that Senate Democrats have rejected it and are rewriting it, not to grow jobs, but to improve their political standing. It's nothing but a rehash of the same failed ideas he's already tried, combined with a huge tax increase. This is a cynical political ploy that's designed not to create jobs for struggling Americans, but to save the president's own job. This cannot continue."
For a positive step, Sen. Thune points to the free trade agreements which have bipartisan support and can create jobs. "[W]e can finally implement the free trade agreements we've negotiated with Panama, Colombia, and South Korea.... Altogether, these three trade deals will boost U.S. exports by more than $12 billion. And all that new exporting means new U.S. jobs -- 70,000 of them as a result of the South Korea agreement alone. So I was glad to see that President Obama finally submitted the trade deals to Congress, after letting them sit on his desk for almost 1,000 days. It's extremely unfortunate that we had to wait so long for the president to do something so simple, to help promote American exports, and create American jobs.... Republicans in Congress are ready to take up these trade deals, so Americans can get back to work. I hope the Democrats will join us in this effort."
Sen. Thune also points out the problems with President Obama's regulations and the lawsuit against Boeing from the National Labor Relations Board. He says, "Regulations and excessive red tape kill jobs, increase our dependence on foreign oil, and impose costs that American business owners cannot afford."
Sen. Thune concludes, "Washington, under President Obama has grown too powerful, and has hurt job creation. Too often Washington is the problem, not the solution, and we've seen the results since President Obama was sworn in and started moving our country in the wrong direction. The president is right when he says that Americans are not better off today than they were four years ago. And if we're going to get off this wrong track that he's put us on, President Obama has got to change course."
U.S. Senate Republican Leader Mitch McConnell made the following statement on the Senate floor Thursday regarding the President's partisan stimulus and tax hike plan.
Oct 04 2011
Sen. Collins says, "Last month, our nation produced no net new jobs. More than 14 million Americans could not find work. I've asked employers what would it take to help them add more jobs. No matter the size of their business or the size of their workforce, they tell me that Washington must stop imposing crushing new regulations.... Over-regulation is hurting our economy; unfortunately, the problem is only growing worse. Right now, federal agencies are at work on more than 4,200 new rules, 845 of which affects small businesses, the engine of job creation. More than 100 have an economic impact of more than $100 million each. No business owner I know questions the legitimate role of limited government in protecting our health and safety. Too often, however, our small businesses are buried under a mountain of paperwork."
She continues, "Business owners are reluctant to create jobs today if they're going to need to pay more tomorrow to comply with onerous new regulations. That's why employers say that uncertainty generated by Washington is a big wet blanket on our economy. We Republicans say, enough is enough. America needs a 'time out' from the regulations that discourage job creation and hurt our economy."
Sen. Collins points out, "Republicans have many good ideas about how to tame the regulatory behemoth. We want to prevent agencies from imposing new regulations without first thoroughly considering their costs and benefits.
In addition, many of us have called for a one-year moratorium on certain costly new rules. If a rule would have an adverse impact on jobs, the economy, or America's international competitiveness, it should not go into effect.
"That EPA rule on boilers is a good example of why we need a regulatory time out. If it went into effect as written, a recent study estimates that this rule, along with other pending regulations, could cause 36 pulp and paper mills across the country to close. That would put more than 20,000 Americans out of work -- 18 percent of that industry's workforce. And that is just for starters. Once these mills close, their suppliers would also be forced to lay off workers. Estimates are that nearly 90,000 Americans would lose their jobs."
She concludes, "American businesses need pro-growth policies that will end the uncertainty and kick-start hiring and investment. American workers need policies that will get them off the sidelines and back on the job. The American economy needs a time out from excessive and costly regulations. In sports, a 'time out' gives athletes a chance to catch their breaths and make better decisions. American workers and businesses are the athletes in a global competition that we must win. We need a time out from excessive regulations so that America can get back to work."