I am going to get right to the point, we have an economy today that is flat on its back. The national unemployment rate has hit an 8-year low at 6 percent. Manufacturing has dipped to historic lows, causing inventories to decline. While worker productivity may be on the rise, more and more employees are logging in 3 hours less every day. In the past 2 years, the Nasdaq has fallen over 60 percent. Americans are out of work, and those with jobs are seeing their 401(k)s and retirement savings dwindle by the day. What this economy needs, Mr. Speaker, is what we would call in Ohio a Buckeye boost. We know what the problem is, an investor-led sluggishness, that is stifling growth, new capital demand, and job creation. And we have the right solution. That formula for success begins with the understanding that government does not earn a profit. Government just does not earn a profit. Government does not create the jobs in this economy. Government can only stand in the way of progress and prosperity. So House Republicans have developed a common sense plan that targets the twin pillars of economic growth, consumers and small businesses.
Editor's note · Context
Addressing the state of the economy and proposing solutions during a House floor speech.
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