my home State of Illinois had bad news this week. Like many communities across America, one of our Nation's largest employers, Motorola, headquartered in Illinois, announced they were going to lay off 8,900 workers yesterday; 8,900 men and women who had to come home to their families and tell their children they no longer had a job. Motorola is just one major employer who has already lost one-third of their employees through layoffs in the past year. Nationwide we have seen 800,000 workers who have lost their jobs, 8,000 a week, since the terrorist attack on September 11. That is why we are here tonight, because we want to help these American workers. I want to help these American workers. My Republican colleagues want to help these American workers. My hope is my Democratic colleagues will join with us in helping these American workers who have lost their jobs. Frankly, I think we all want these workers to have the opportunity to go back to work, because every good hard-working American deserves an opportunity to work. Let us remember one basic economic fact, and that is that investment creates jobs, investment grows the economy. Our bipartisan legislation that is before us rewards investment. The 30 percent expensing, the accelerated depreciation, rewards investment; investment in computers, investment in pickup trucks, investment in machinery and other equipment.
Editor's note · Context
Addressing job losses in Illinois and nationwide due to layoffs and the impact of the September 11 attacks.
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