let us put all the theatrics aside. We are at war, we have a national emergency and homeland security on our hands, and we are in a recession. So speaker after speaker is coming down to the well playing partisan politics. Let us talk about what this bill actually does. This bill has two important goals: one, help the people who have lost their jobs with their health insurance and with unemployment compensation at an unprecedented level; and, second, and most importantly, let us help get people back to work. What this bill does is recognize what has gone wrong with this economy. We now know officially that we are in a recession and that this recession started in March. And we do know that the recession did not come from a decline in consumption but a decline in investment. We have lost 1.3 million manufacturing jobs in America in the last 14 months. In my own home State of Wisconsin, we have lost 29,900 manufacturing jobs in the last 14 months. This bill injects $89 billion of investment stimulus in the economy this year. What we are trying to say is this: Americans, employers, we want you to put your capital at risk. We want to give you incentives to go back and hire people, put them back on the payroll, invest in America, reinvest in your company and create jobs.
Paul Ryan: “let us put all the theatrics aside. We are at war, we have a national emergency and homeland security on our hands, and…”
On the recordDecember 19, 2001
Source
govinfo.govEditor's note · Context
Discussing the economic recession and a bill aimed at job creation and support for unemployed individuals.
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