[Congressional Record Volume 149, Number 147 (Monday, October 20, 2003)]
[House]
[Pages H9711-H9712]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
A JOBLESS RECOVERY IS NO RECOVERY
The SPEAKER pro tempore. Under a previous order of the House, the
gentleman from Texas (Mr. Green) is recognized for 5 minutes.
Mr. GREEN of Texas. Mr. Speaker, I rise on behalf of unemployed
Americans.
[[Page H9712]]
The administration and our Republican leadership tell us that the
economy is rebounding and that we are in an economic recovery, but to
the hardworking Americans who are still looking for those jobs, the
statistics do not amount to a hill of beans because they still cannot
find work. To them, a jobless recovery is no recovery at all.
America's unemployed have this administration to thank for an
economic recovery that has produced few jobs and has little impact on
their lives. Sure, the administration will tell us that job creation is
its number one priority. In fact, over the past year, the President has
gone on a nationwide public relations tour touting his tax cut in front
of backdrops that proclaimed ``Strengthening America's Economy'' and
shout ``Jobs, Growth and Opportunity.''
The truth of the matter is, however, that any growth produced by the
administration's economic policies has come at the expense of jobs or
Congress' opportunity to create them.
Let us take the administration's catch-all solution for any of our
economic woes, tax cuts. The administration said that our economic
recovery would be fueled by consumers who spent the extra money.
Unfortunately, an income tax cut does not help unemployed workers
without an income. They do not feel the economic recovery.
To this argument, the administration is sure to say, wait a minute,
we also gave businesses tax cuts to expand and create jobs. Well, our
businesses did not take their advice. Instead, they invested in
technology and innovation, and in doing so, they increased productivity
and can now produce more products without producing more jobs.
In fact, a recent Department of Labor study determined that our high
unemployment levels are due not just to layoffs, but primarily to the
lack of newhires in expanding businesses. So tax cuts for businesses
have provided little relief for unemployed workers.
Our trade policies have also been truly devastating for the American
worker. By implementing fast-track trade negotiating authority and
permanent normal trade relations for China, we have seen American jobs
go out on a fast track out of this country. I would remind my
colleagues that 3 years ago, we were promised that trade with China
would lead to an increase in American jobs and exports. Well,
certainly, we were not told that, 3 years later, our main export to
China would actually be American jobs, about 1 million of them to be
specific.
Frankly, we have given American businesses little incentive to keep
their jobs in this country. In ratifying a flurry of free trade
agreements, we have made it increasingly difficult for American
products to compete with their inexpensive foreign competitors. We have
left many American businesses with few choices other than to move
production, and jobs, offshore.
Additionally, too many of our service sector businesses are
outsourcing their jobs to cheaper foreign labor. Today, we already have
400,000 jobs outsourced to a country like India. That number is bad
enough, but even worse is a recent study indicating that over 3 million
of these jobs will likely be outsourced over the next 10 years.
This country has already felt the tremendous pain of losing almost 3
million jobs. We need to take action now to encourage private sector
business to keep these much-needed jobs at home.
Mr. Speaker, the unemployment rate in this country stands at 6.1
percent. The sad news, however, is that that number does not even take
into account the thousands of Americans who have looked for work but
have now given up. Labor force participation, the percentage of
Americans who are either working or looking for work, is only 66
percent. It is at the lowest level since 1991.
We need true job creation in this country, not the administration's
idea of job creation through permanent tax cuts, tort reform and more
free trade legislation. That kind of trickle-down job creation will not
work any better than their trickle-down economics.
Instead of their faulty economic policies, we need to stimulate the
economy directly by aiding our cash-strapped States so that our law
enforcement and teachers can keep their jobs. We should create jobs
through public works programs that will employ our skilled workers
while repairing America's crumbling roads and bridges. This is the kind
of economic stimulus needed in our country. This is the kind of
economic stimulus that creates jobs on the ground.
The administration tells us to be patient, the economy is growing and
the jobs will come. Unfortunately, however, recovery based on increased
productivity only lessens the chance for job creation because to create
jobs the economy must grow faster than productivity, and it does not
seem likely that our sputtering economy will be meeting these
expectations in the near future.
So, here we are, with record-level trade deficits brought on by
record-level tax cuts that will not do a thing for most of the American
people hurting the most. And it is a shame, particularly because we had
a choice. The administration could have pursued economic policies in
the best interests of both our country and America's unemployed
workers. Instead, they pursued economic policies in the best interest
of their campaign and reelection efforts, and the unfortunate result is
a jobless recovery, or if we ask our unemployed workers, no recovery at
all.
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