Political Quotes

“Mr. Speaker, I yield myself as much time as I may consume. Mr. Speaker, two things that are vital to the American economy: number one, 3 percent economic growth, and number two, competing with China. Three percent economic growth, Mr. Speaker, is so important because, when you look at the history of America, if you look at jobs that are created, if you look at increasing incomes, if you look at decreasing unemployment, this happens in our 3 percent-plus growth years, and that is why it is so great that America is once again seeing 3 percent-plus economic growth. But, Mr. Speaker, can we keep it? There are some alarming trends that we have to arrest, and that is that, unfortunately, entrepreneurship, that is, launching new businesses, recently hit a generational low. Companies that are going public--and 90 percent of the jobs that a company creates happen after they go public, IPOs, initial public offerings--they have been in a decline, a 20-year decline, and they have reached a new low. If we look at what China is trying to do with their 2025 program, Mr. Speaker, and dominate the world in high tech and then we turn around and we see that China has over a third of the world's IPOs, America-- our decline is now down to 11 percent--has got to change. So thus, today, we are taking up the JOBS and Investor Confidence Act, also known as the JOBS Act 3.0. What we are trying to do, Mr.…”