[Congressional Record (Bound Edition), Volume 157 (2011), Part 6]
[House]
[Page 8553]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      UNCERTAINTY AND UNEMPLOYMENT

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Texas (Mr. Canseco) for 5 minutes.
  Mr. CANSECO. Mr. Speaker, tomorrow the Department of Labor will 
release the monthly jobs report for May. While I am hoping to be 
surprised that we get news that massive job creation got underway in 
May, I'm not going to get my hopes up. I'm not getting my hopes up 
because economic growth is being restrained. It is being restrained 
because there is still too much uncertainty in the economy. And greater 
uncertainty in the economy means less job creation in the economy.
  Uncertainty exists because of the threat posed to job creators by the 
taxes, the mandates and the government takeover of private industry. 
Uncertainty exists because of the 24-month spending binge of President 
Obama, Nancy Pelosi and Harry Reid. Job creators see the future tax 
increases that will be needed if we continue spending money we don't 
have to the tune of approximately 40 cents out of every dollar.
  Uncertainty exists because of the Obama administration's decision 
that restricts exploration for and the production of American energy 
both on land and from deepwater sources.
  That's why the House of Representatives has spent the first 5 months 
of the 112th Congress passing legislation to rid the economy of this 
uncertainty and create private sector jobs. The House has passed 
legislation to repeal the government takeover of health care. It has 
passed a budget resolution that puts our Nation on a fiscally 
sustainable path while saving and strengthening important programs like 
Medicare and Social Security for future generations--which if they are 
left alone, if they are left unreformed, they will go bankrupt. And the 
House has passed several pieces of legislation aimed at overturning the 
Obama administration's actions that block production of American 
energy.

                              {time}  1100

  Mr. Speaker, we have tried it President Obama's way, attempting to 
spend and regulate our way to economic prosperity. And what have the 
American people gotten in return? They have gotten a national debt of 
$14.2 trillion, and 26 straight months of unemployment at 8 percent or 
higher.
  The American people know you cannot purchase prosperity; you must 
create it. That's what the people of Texas sent me here to do, to get 
our economy back on track.

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