On the recordJune 16, 2011
Mr. President, our Nation's challenges grow by the day. The citizens of Utah get this. The citizens in this country get this. A recent NBC News-Wall Street Journal poll found that 62 percent of Americans think the country is on the wrong track. Only 37 percent of Americans approve of the President's job of handling the economy. I would like to meet those people, because when I talk to Utahns, the numbers are much lower than that, and I understand why. Applications for unemployment have been above 400,000 for 7 straight weeks. Economic growth is stagnant. Job growth is pathetic. The real estate market remains in free-fall. Since 2007, housing values have dropped by more than during the Great Depression. Medicare is going bankrupt, and when it does, it will take down this country and tens of millions of seniors with it. Yet President Obama and his Democratic allies steadfastly refuse to acknowledge that there is a problem with Medicare. Former Speaker Nancy Pelosi, when asked where the Democrats' reform plan was, responded: We have a plan. It's called Medicare. Meanwhile, the President's handpicked chairwoman of the Democratic National Committee gleefully demagogs Republicans' efforts to fix this dying program. There are legitimate fears that the Federal Reserve's loose money policy is creating yet another stock market bubble that could pop and destroy the retirement savings of millions of Americans.…





