House Republicans Continue to Lead the Way Promoting Jobs

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, yesterday, Federal Reserve Chairman Ben Bernanke, a native of Dillon, South Carolina, testified before the Congressional Joint Economic Committee. He sadly stated that economic indicators point toward a ``sluggish job growth'' and that the so-called economic recovery is ``close to faltering.''

Chairman Bernanke went on to say the primary factor affecting consumer confidence was the lack of job growth. He further characterized the country's long-term unemployment rate as a ``national crisis.'' This follows the President's admission Monday that voters are not better off than they were 4 years ago. With failed policies, the President needs to change course.

House Republicans have sent nearly 90 bills to the Senate for consideration, but only 20 have passed the Senate. Much of this legislation dealt directly with limiting spending, terminating failing housing programs, and encouraging job creation.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.


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