On the recordJuly 22, 2010
Absolutely, this is a jobs bill. The Senator from Michigan represents a State that has been one of the hardest hit States, the automobile industry. She has firsthand experience there. She knows these numbers as well as I do: From 1993 to 2009, 65 percent of jobs have been created by small business, and only 35 percent of the jobs were created by big business. If some people are wondering why this recovery seems to be a jobless recovery, it is because it is. Big businesses have a lot of profit right now. Has anybody noticed that the stock market is going up? They are sitting on their cash. Has anybody noticed what Goldman Sachs reported lately? They did very well out of this. If you want a recovery with jobs, where people can actually go to work, earn a paycheck, and pay taxes to help us get out of this deficit, and stimulate demand, you better support this. I am so tired of hearing the other side, I say to the Senator from Michigan, when they come down here and say: But the NFIB says that there is no demand. First of all, the National Federation of Independent Business did not say that. So to their credit, I want to say on their behalf--although they have not come out strongly in support, they are not opposing, they are neutral--their own survey said that 40 percent of NFIB'S membership--a very conservative organization--said they didn't need any money. But that leaves 60 percent who said they could not get the loans they had asked for.
