[Congressional Record Volume 158, Number 86 (Friday, June 8, 2012)]
[Extensions of Remarks]
[Page E1030]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       UNCERTAINTY DESTROYS JOBS

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                            HON. JOE WILSON

                           of south carolina

                    in the house of representatives

                          Friday, June 8, 2012

  Mr. WILSON of South Carolina. Mr. Speaker, in Wednesday's Washington 
Examiner, columnist John Stossel quoted economist John B. Taylor of the 
Hoover Institution who stated ``Unpredictable economic policy--massive 
fiscal `stimulus' and ballooning debt, the Federal Reserve's 
quantitative easing with multiyear near-zero interest rates, and 
regulatory uncertainty due to Obamacare and the Dodd-Frank financial 
reforms--is the main cause of persistent high unemployment and our 
feeble recovery.''
  Over the past three and a half years, our economy has not improved: 
our unemployment rate has remained above eight percent, our small 
business owners have been forced to pay higher taxes, and our 
government spending continues to spiral out of control, destroying 
jobs.
  The President and his liberal allies in the Senate continue to 
support legislation that creates more barriers resulting in economic 
uncertainty. This sense plays a tremendous role in our economy's 
inability to recover quickly. It is past time for the President and the 
Senate to work with House Republicans and pass legislation aimed to 
create jobs through private sector growth.
  In conclusion, God bless our troops and we will never forget 
September 11th in the Global War on Terrorism.

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