[Congressional Record Volume 156, Number 104 (Wednesday, July 14, 2010)]
[House]
[Page H5591]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       ECONOMIC CRISIS CONTINUES

  (Ms. ROS-LEHTINEN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Ms. ROS-LEHTINEN. Madam Speaker, as the massive Federal spending and 
overregulating continue, so does the ongoing economic crisis. The Labor 
Department reported this week that job openings dropped in May from the 
previous month and layoffs edged up. Businesses added a net total of 
only 83,000 jobs in June and 33,000 in May, after average net gains of 
200,000 in March and April.
  A major reason for this weak hiring is that small businesses, which 
create about 60 percent of new jobs, are having trouble getting the 
credit they need to expand and hire more workers. Meanwhile, in the 
middle of this recession, the liberal leadership in the House is about 
to unload another 2,500 pages of hundreds of new regulations on the 
very businesses that provide credit.
  Madam Speaker, we need to act now to reverse course, to lower the tax 
burden on small firms and simplify the regulations in order to 
encourage job creation, and we need it now.

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