On the recordNovember 2, 2011
most every Republican in this body and probably outside of this body would admit that President Obama inherited a very bad economy by the time he was sworn in. The only thing is, by every measure of the economy, this economy is much worse now than what he inherited. The Obama economy is bad because there is a prospect of taking more money from the American taxpayers with the biggest tax increase in the history of the country next year; and many brand new regulations that are very costly to the economy. Particularly small businesses do not know where they are going to be hit next and where their costs will be. We have this big budget deficit that is a damper on the economy. In every respect, things this administration are doing are putting a wet blanket on the economy. We have wrongheaded energy policies as well. We hear the President say, when he puts forth his jobs bill, touring the country in his bus: Pass this bill right now. Pass this bill right now. We have had some experience with efforts to pass bills ``right now.'' They got passed, like the stimulus bill, 1 month after he was sworn in, which was supposed to keep unemployment under 8 percent. But it has never been under 8 percent since 1 month after that time. We have to pass the health care reform bill ``right now.'' And the health care reform bill was passed that very first year when the other party controlled everything, all three political branches of government. They had everything their way.…





