Carolyn Maloney: “I would like to thank my colleague from the great State of California for bringing the American Jobs Act to the floor…”

“I would like to thank my colleague from the great State of California for bringing the American Jobs Act to the floor, every single week, speaking out in favor of American workers, small businesses, and a sane, balanced approach that not only has a cutback in order to cut back our deficit and our debt, but also a revenue leg and a jobs leg. And the President has come forward with a balanced approach that has won support not only from New York and California but clear across this country. Economists are speaking out in support of the American Jobs Act. There have been two Nobel Laureates that have come out in support of it. Mark Zandi, who was the economist in Senator McCain's race for the Presidency, he has come out and he has said that next year it would increase the GDP by 2 percent. It would lower the unemployment rate by 1 percent, and would create 1.9 million jobs. Now, after hearing your Special Orders on this, I think it would create even more jobs. But this is just a sense of economists from all sides of the country coming out in support of it. I think it is unfortunate that the Senate did not pass it because we need this act, and we need it now. Americans have shown that they are worried about their future and they want this Jobs Act. Analysts have speculated that our country faces the same kind of lost decade that Japan has struggled with.…”