On the recordNovember 2, 2011
Madam President, today I want to discuss the jobs bill we are currently debating and how important it is that we pass this right away. I also want to respond to the minority leader's remarks this morning in which he tried to deny the bipartisan nature of this proposal and, instead, sought to divert this Chamber toward a hodgepodge of bills taken up by the House. All across the country, and in our State of New York, from Poughkeepsie to Buffalo, there are roads, bridges, and sewer systems in need of serious repair. In each of these places, there are thousands of middle-class families desperately looking for work. In the construction trades--the backbone of the middle class in many of our communities, in New York and around the country--there is 25, 30, 40 percent unemployment. That is true for many of my colleagues on both sides of the aisle. We all know that in previous recessions, 60 percent of the new jobs were in construction. That is because they lower interest rates and build more housing. There is no more lower interest rates because, when the recession began, they were already very low and, of course, there is a surplus of housing now in America. This week, by voting to pass the Rebuild America Jobs Act, the Senate can get thousands of Americans off the unemployment line and back into the workforce. Because they get paid good salaries, the money they get flows into the economy and creates a multiplier effect that creates other jobs.…
Source
govinfo.gov




