On the recordJune 3, 2014
Mr. President, everywhere middle-class Americans look, they are facing higher prices. Over the past 5\1/2\ years of the Obama Presidency, the price of everything--from milk to the refrigerator to put it in--has risen. Tuition costs have soared, gas prices have almost doubled, food prices have shot up, and then, of course, there is health care. The President claimed that health care premiums would fall by $2,500 under his health care law. Instead, they have risen by almost $3,700 during the President's administration, and they are still going up. The President's health care law has driven up the price of almost every aspect of health care, from premiums to pacemakers. Americans are ill-equipped to meet these higher costs. Household income has declined by more than $3,500 on the President's watch. Nearly 10 million Americans are unemployed, more than one-third of them for 6 months or longer, and 19.4 million Americans have been forced to join the food stamp program since the President took office. Our economy is simply not posting the kind of growth we need to open opportunities for middle-class families. Economic growth actually declined last quarter, and job creation is sluggish at best. Furthermore, the jobs we are creating are not the kinds of jobs Americans need to get ahead. Seventy-eight percent of the jobs that were lost during the recession were high- or mid-wage jobs, but just 56 percent of the jobs recovered have been the same.…





