On the recordJune 21, 2011
Last Friday marked 1 year since President Obama promised the American people a recovery summer. But looking at the latest grim economic reports, it is clear that recovery couldn't be further from the truth. Consumer confidence slid to a 6-month low; unemployment rose to 9.1 percent, the highest rate since December; the stagnant economy created only 54,000 jobs, less than half of the 125,000 many economists predicted; and housing prices fell to new depths in April. Mr. Speaker, it is painfully clear that President Obama's policies of excessive spending, borrowing, and regulation are failing. The American people are paying the extremely high price, and they are demanding changes--an end to the spending and borrowing, and more pro-growth, pro-job policies. That is why we are working hard on a real recovery agenda that will create jobs, cut spending, and restore our Nation to fiscal health. ____________________
