More than two years ago, Democrats claimed their trillion-dollar stimulus package would keep unemployment below 8% and “save or create” 3 million jobs. They even promised that most of these jobs would be in the private sector. Yet today, we are living through the weakest jobs recovery since the Great Depression with unemployment over 8% for 27 straight months. This failed stimulus didn’t just pile on a massive amount of new debt. According to one recent study, it actually gave our economy a net loss of 550,000 jobs. And wouldn’t you know it, the real pain was felt by the private sector.
Meanwhile, mounting debt, government red tape, a confusing tax code, and high energy prices have all created uncertainty and gotten in the way of economic growth. And Democrats – failing to see as President Reagan did that “government does nothing as well or as economically as the private sector of the economy” – actually want to double-down on these barriers to job creation.
Families and businesses have been on the defensive for too long. It is time to get Washington out of the way and put American job creators back on offense.
God Bless,
Congressman Jim Jordan
Chairman, Republican Study Committee
RSC Media Activity – RSC members work hard to ensure that the conservative viewpoint is well-represented in all corners of the media. Visit our Media Center for more.
· Rep. Phil Roe (TN-01): Cut, Cap, and Balance: A Fight Toward Fiscal Responsibility; The Hill, May 18.
· Reps. Eric Cantor (VA-07) & Peter Roskam (IL-06): Hamas Poisons Peace Process; Politico, May 18.
· Rep. Tom Cole (OK-04): Time is Running Out to Save Medicare; Weekly Column, May 23.
Outlook – A quick look at what’s on the horizon.
· On Tuesday, Congress will hold a Joint Session for an address from Israeli Prime Minister Benjamin Netanyahu.
· Also on Tuesday, the NY-26 Special Election will take place.
· On Thursday, the House is expected to vote on H.R. 1540, the National Defense Authorization Act, and may also vote on PATRIOT Act provisions this week.
· On Thursday and Friday, President Obama is expected to be in France attending the G-8 Summit.
RSC Reports
· Each week the House is in session, the RSC Budget and Spending Taskforce compiles a weekly report on the latest budget and spending news. Additionally, the RSC Money Monitor tracks how bills passed by the House affect authorizations, mandatory spending, and federal government revenue. Note: The House was out of session last week.
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