On the recordMarch 24, 2010
The point I want to make about creating a strong economy to pay for these new government jobs at the Federal and State level, we have to do things to provide opportunity in our economy. The way you do that is you enhance the process of hiring people. Capital is always a coward and only goes where it's welcome. Lowering taxes for people who invest in jobs will attract capital into our economy. Second, we need to freeze our current regulations and force all the regulations that we have on the books today through a simple formula: B has to be greater than C. That means that the benefit has to exceed the cost of implementation. If we would do that, we would lower the cost of creating things in America, of making things in America, and we have to make things. The third thing I would argue is we need to have tort reform. I favor a loser-pay system like they have in the United Kingdom. And, fourth, I would like to say if we became energy independent, we would solve our unemployment problem. Only one State in the entire United States last year had increased employment. That State was North Dakota, and it was because they found oil under private property. Had it been under public lands, we could not have extracted the oil. But because it was private lands, we created jobs. I recommend we oppose this bill.
