Mr. Speaker, I yield myself 3 minutes. This is a bill to stimulate jobs here, not over there, to create American jobs and close tax loopholes that encourage companies to ship overseas. There is no excuse to vote ``no.'' It is noteworthy that we are on pace to gain more private-sector jobs in the first 8 months of 2010 than were added in the full 8 years of the Bush Presidency. There has been private-sector job growth every month of 2010, but there is still a lot of work to do. There are five unemployed workers for every new job opening. This bill highlights infrastructure development and private-sector jobs. The Build America Bonds (BABs) are the cornerstone of this bill's infrastructure investments. When the recession hit, local governments could not get credit. BABs helped fill this demand by accessing corporate tax bonds and doing so very successfully. As of March 1, BABs have financed more than $115 billion in local infrastructure programs, private-sector jobs. Also, we provide for an emergency fund for job creation. By extending this program that soon expires for 1 year at a cost of $3.5 billion, it will help States sustain low-income families and expand subsidized job programs that create jobs for the unemployed. I want to emphasize, this program has led to the creation of 247,000 jobs, and that is why it has broad support.…
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