On the recordSeptember 21, 2011
This bill is brought to us by people who know the cost of everything and the value of nothing. The hard fact of the matter is they've fought two wars on the credit card. This is one of the few times that we've ever found that they have required offsets for emergencies, so now we're trying to fix a bad bill. I want to make the observation that we have a serious problem. We have a natural emergency, and we have people who have a lasting unemployment situation that is going to destroy the country and destroy families and people in this country. Having said that, I am baffled as to why we are considering a measure that is going to cut funding for the Advanced Technology Vehicle Manufacturing program. This is a loan program that has created or saved over 40,000 jobs so far, and if it's left alone and not destroyed, as would be done here, it will create another 10,000 more by year's end. For all the talk in Washington on that side of the aisle about creating jobs, we find that they're out to kill jobs again, and killing ATVM just plain makes no sense. It is going to prevent job creation. The Economic Policy Institute just released a report that my home State of Michigan has lost nearly 80,000 jobs to China since 2001, where they sustain and support their industry and where we do not. If we cripple this loan program, Michigan and the rest of the country can expect to lose even more jobs and their ability to compete globally in the 21st century.…





