[Congressional Record Volume 156, Number 107 (Tuesday, July 20, 2010)]
[House]
[Page H5739]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   GOVERNMENT-RUN STIMULUS HAS FAILED

  (Mr. MARCHANT asked and was given permission to address the House for 
1 minute.)
  Mr. MARCHANT. Mr. Speaker, we must end this culture of uncertainty. 
It is delaying our economic recovery. Businesses are unwilling to hire 
new workers because they do not know what new taxes and regulations 
Washington will enact on them. ObamaCare's chilling effect on hiring 
and new jobs was just the beginning. The cap-and-trade bill will 
further hurt our economic recovery if it is enacted.
  As a result of policies adopted by this administration, businesses 
are sitting on huge stockpiles of cash to brace themselves for further 
interference from the government. Economist Larry Kudlow noted that 
corporations are sitting on $2 trillion worth of cash. If allowed to be 
injected into our economy, this could unleash a tremendous private 
sector stimulus of our economy.
  The government-run stimulus has failed. We now need to get government 
out of the way of the private sector to let it save our economy.

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