[Congressional Record Volume 162, Number 78 (Tuesday, May 17, 2016)]
[Extensions of Remarks]
[Page E719]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              PRESIDENT OBAMA'S POLICIES HURT THE ECONOMY

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                            HON. LAMAR SMITH

                                of texas

                    in the house of representatives

                         Tuesday, May 17, 2016

  Mr. SMITH of Texas. Mr. Speaker, in a recent interview President 
Obama claimed that unemployment and deficits were down and GDP was on 
the rise. Contrary to his claims, Americans know the facts and are well 
aware of his failed economic agenda.
  Americans understand that the labor participation rate is at an 
historic low. Only 62 percent of Americans are employed or are seeking 
employment. One way to bring down unemployment is to create jobs. The 
other is to drive people out of the job market, which is what the 
president's policies have done.
  Americans also realize that the national debt has nearly doubled 
under the Obama presidency and will exceed $20 trillion before he 
leaves office. This continued out-of-control spending has given us slow 
economic growth and stagnant wages.
  American families know the facts about the president's failed 
economic policies.

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