[Congressional Record Volume 156, Number 105 (Thursday, July 15, 2010)]
[House]
[Page H5621]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        IT'S TIME FOR NEW IDEAS

  (Mr. PENCE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PENCE. Mr. Speaker, in the worst economy in a quarter of a 
century, American families are hurting. Businesses are struggling in 
the city and on the farm. And that's obvious to almost everyone in this 
country, except the Obama administration.
  Remarkably, yesterday the White House issued a report saying that the 
stimulus bill passed a year and a half ago had ``saved or created 2.5 
to 3.6 million jobs.''
  As my three teenagers might say to me in like circumstances: Really, 
2.5 to 3.6 million jobs? Unemployment was 7.5 percent when the stimulus 
was passed. It's 9.5 percent today.
  It's important the American people know that the report issued by the 
administration yesterday isn't even based on actual numbers. It comes 
from what economists within the administration say is a highly inflated 
projection of how much economic growth is created for every government 
dollar that's spent.
  The facts come from the Bureau of Labor Statistics. They speak for 
themselves. Since the stimulus was enacted, more than 3 million jobs 
have been lost in this country, a net job loss of 2.4 million jobs.
  Enough with the talk. The stimulus bill has failed. It's time for new 
ideas, across-the-board tax relief, and fiscal discipline now.

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