John Cornyn: “I come to the floor to follow the remarks of our Republican leader on the President's pivot to the economy. Over the…”

“I come to the floor to follow the remarks of our Republican leader on the President's pivot to the economy. Over the last 4 years, the Obama administration has given us one of the biggest economic experiments in American history. The numbers tell the story. Under this President, the Federal Government has increased the Federal debt by $6.1 trillion, raised taxes by $1.7 trillion, and imposed $518 billion worth of new regulations. The President, when he came to office, when he had a Democratic Senate and a Democratic House--in other words, his party controlled all branches of the legislative and executive branch--got virtually everything he wanted. He got a $1 trillion stimulus package. He wanted a government takeover of America's health care system and that is what he got. He wanted extensive new regulations for the financial industry and he got that too. He wanted to impose, through the Environmental Protection Agency, radical environmental regulations and that is what he got as well. From 2009 through 2010, until the voters spoke in November 2010, our friends on the other side of the aisle controlled the White House, the House of Representatives under Speaker Pelosi, and the Senate. They got virtually everything they wanted. That was their great experiment, to see whether a growing and intrusive and expanding Federal Government was the answer to our economic challenges and high unemployment. We now know what the results have been.…”