[Congressional Record Volume 157, Number 105 (Thursday, July 14, 2011)]
[House]
[Page H5029]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
JOBS, JOBS, JOBS
(Mr. WALBERG asked and was given permission to address the House for
1 minute.)
Mr. WALBERG. Madam Speaker, hardly a week goes by without this
administration promulgating some new regulation that burdens the
American people and our economy.
This week it's an environmental regulation that will drive up energy
costs. According to a report by the SBA, regulations cost $1.7 trillion
annually. OMB has reported that regulations cost $62 billion annually.
Regardless of which agency's number we believe, it doesn't matter.
Both numbers are too high and hurt economic growth at a time when
unemployment is too high.
Let me make this real simple and settle this argument between these
agencies. The cost of regulations is not simply a job, it's jobs, and
every job has a human face.
If more spending and more regulations meant more jobs, then this
President's policies would have produced the strongest economic
recovery in our Nation's history. Unfortunately, it's made things
worse.
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