[Congressional Record (Bound Edition), Volume 158 (2012), Part 3]
[House]
[Page 3018]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1030
                                JOBS ACT

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Texas (Mr. Canseco) for 5 minutes.
  Mr. CANSECO. Mr. Speaker, when it comes to our economy, one thing is 
abundantly clear: President Obama's policies have failed.
  We are experiencing the worst stretch of unemployment since the Great 
Depression, despite a trillion-dollar stimulus plan that the Obama 
administration said would hold unemployment below 8 percent and despite 
record low interest rates.
  The unemployment rate has remained above 8 percent for 36 straight 
months, and the Congressional Budget Office estimates that the jobless 
rate will remain above 8 percent through 2014. Almost 13 million 
Americans are out of work, and the share of unemployed people looking 
for work for more than 6 months, or the long-term unemployment, topped 
40 percent in December 2009 for the first time since 1948 and has 
remained above that level ever since.
  Because his policies have failed, President Obama has turned to the 
politics of envy and division. The only solutions he can come up with 
involve more spending, more taxes, and more government. These are the 
policies that failed in the first place.
  House Republicans have a plan for America's job creators. It's time 
for the President and Democrats in the Senate to stop blocking our jobs 
bills.
  This week, the House will consider the JOBS Act, a legislative 
package designed to jump-start our economy and restore opportunities 
for America's primary job creators. These are our small businesses, the 
start-ups, and the entrepreneurs.
  In his State of the Union Address, President Obama asked Congress to 
send him a bill that helps small businesses and entrepreneurs succeed, 
and the JOBS Act does exactly that.

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