[Congressional Record (Bound Edition), Volume 158 (2012), Part 7]
[House]
[Page 9190]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       UNCERTAINTY DESTROYS JOBS

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  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 last 3 years, our economy has not improved, our unemployment 
rate has remained above 8 percent, our small business owners have been 
forced to pay higher taxes, and the government spending continues to 
spiral out of control. The President and his liberal allies in the 
Senate continue to support legislation that creates more barriers 
resulting in job loss. The President and the Senate should work with 
House Republicans and pass over 30 House bills that are aimed to create 
jobs through private sector growth.
  In conclusion, God bless our troops; and we will never forget 
September the 11th in the global war on terrorism.
  Best wishes for a speedy recovery for Earl Brown of Columbia.

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