Dave Camp: “It has been nearly 1\1/2\ years since the President signed the $1 trillion stimulus bill into law, and now the majority…”

“It has been nearly 1\1/2\ years since the President signed the $1 trillion stimulus bill into law, and now the majority has come up with a new ``Make It in America'' agenda, which begs the question, if the stimulus was such a success, why don't we already make it in America? The facts are that, after stimulus, the unemployment rate continues to hover near 10 percent, well above the 8 percent we were promised. Instead of creating or saving 3.7 million jobs, over 2.6 million private-sector jobs have been lost, including over 707,000 manufacturing jobs, and nearly 100,000 in my home State of Michigan. Overall, 47 out of 50 States have lost jobs. Now we used to make it in America. And if Democrats would stop passing bills that spend more money on State and local governments and instead focus on small businesses, we might actually see the real sustained private-sector job creation Americans need. {time} 1630 In fact, I submit for the Record a letter here from the United States Chamber of Commerce, the world's largest business federation, representing more than 3 million businesses. They oppose this bill. Let me just read you what that letter says, what real job creators think about this bill. The Chamber says this bill ``would impose draconian tax increases on American worldwide companies that would hinder job creation, decrease the competitiveness of American businesses, and deter economic growth.'' I want to repeat that.…”