Political Quotes

Jeb Hensarling: I mean, what we've heard the Speaker say--I wish I had her exact quote in front of me--that essentially by putting out…

On the recordJuly 22, 2010
I mean, what we've heard the Speaker say--I wish I had her exact quote in front of me--that essentially by putting out more unemployment checks, that this is one of the best ways to create paychecks. I've never heard such circular logic in my life. Now, clearly we need an extension of unemployment. I mean, I must admit I find it somewhat ironic that the President of the United States brings up three unemployed workers. To the best of my knowledge, they've been unemployed during his Presidency. What a testament to his policies and the policies of this institution. Again, between a national takeover of our health care where employees don't know how much their health care costs are going to be. They're not creating new jobs. Threatened cap-and-trade. Nobody knows what their energy costs are going to be. No new job creation. We have this financial regulatory bill. Nobody knows what the cost of capital is going to be, particularly with a bureau that has the ability to ban and ration credit for small businesses. You've got private business sitting on almost $2 trillion that could be employed for paychecks but instead, once again, due to the policies of my friends on the other side of the aisle, we're having that debate on unemployment checks instead.
Said by
Jeb Hensarling
Republican · Texas
Source
govinfo.gov
Jul 22, 2010

Editor's note · Context

Hensarling critiques the confusion between unemployment benefits and job creation in the context of economic policies.

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