[Congressional Record (Bound Edition), Volume 157 (2011), Part 7]
[House]
[Page 9460]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             ECONOMIC NEWS

  (Mr. HARRIS asked and was given permission to address the House for 1 
minute.)
  Mr. HARRIS. Madam Speaker, I rise to report some distressing economic 
news from my district.
  To add to our country's rising unemployment, plummeting home values 
and a steep drop in retail sales last month, Allen Family Foods filed 
for bankruptcy last week. A well-known name in the poultry industry and 
a longstanding Delmarva family business, this closing could cost 
thousands of jobs.
  The reason for Allen's collapse: soaring grain prices, energy costs 
and overbearing government regulations, especially from the EPA.
  The chilling signal sent to potential job creators throughout America 
right now is that the bureaucrats in this administration are now the 
central planners of our economy--and they are not doing a very good 
job. We have tried to create jobs their way, and it hasn't worked. 
Overtaxing, overspending and overregulating cannot and will not create 
jobs.
  It is time to head in a new direction. It is time for a new economic 
policy. If we stop the spending spree in Washington, businesses will, 
once again, create jobs in America. It is up to us to restore 
confidence and certainty and to send a signal to the private sector 
that the United States is, once again, open for business.

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