Believe it or not, the stimulus turned 3 years old last week. In exchange for $1.2 trillion (including interest), liberals said their plan would reduce unemployment to about 6% today. It hasn’t fallen below 8% at any point in the last 36 months. And as more and more people are becoming aware, the official unemployment rate actually excludes unemployed people who have not looked for work in the last month.
The above chart presents another view of the economy, using data from the U.S. Bureau of Labor Statistics. The “labor force participation rate” represents the share of working-age Americans...
WASHINGTON, DC – House Speaker John Boehner (R-OH) today issued the following statement in response to the announcement by the U.S. Trade Representative and the government of South Korea that the U.S.-South Korea Free Trade Agreement will officially be implemented on March 15:
“There is a bipartisan jobs achievement worthy of a White House celebration today, but it isn’t the extension of the payroll tax holiday or unemployment benefits – it’s the announcement by the U.S. and South Korea that the free trade agreement between our two countries will be put into effect next month. The...
Washington, D.C. – House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement on the third anniversary of President Obama signing the failed so-called “stimulus” bill into law.
“By his own measures and based on his own promises, President Obama’s ‘stimulus’ bill has failed the American people,” said Chairman Price. “The Obama Administration took a trillion dollars and told the country that Washington spending would keep unemployment below eight percent. Unemployment has not dropped below eight percent for nearly thirty-six...
5 Million Jobs Short Of White House Stimulus Claim
WHITE HOUSE REPORT: “Aggregate Effect of the Recovery Package on GDP and Jobs in 2010Q4 … With Stimulus … Payroll Employment: 137,550,000.” (Christina Romer & Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,” P.4, 1/9/09)
· In Jan. 2012 payroll employment was 132,409,000. (U.S. Dept. Of Labor, “Employment, Hour, And Earnings From The Current Employment Statistics Survey (National),” Accessed 11/28/11)
428,000 jobs have been lost since the stimulus...
WASHINGTON, DC – House Speaker John Boehner issued the following statement after the House passed the payroll tax cut conference agreement:
“I support this measure and thank Chairman Camp and our conferees for all their efforts to resolve this issue in a constructive fashion. There are a number of positive aspects to this agreement, including preventing a tax increase on hardworking Americans and the spectrum initiative, which will help create jobs, spur innovation and economic investment, and support public safety. But let’s keep in mind that aside from the...
FRIDAY, FEBRUARY 17TH
On Friday, the House will meet at 9:00 a.m. for legislative business. First and last votes expected: 10:00 a.m. - 12:00 p.m.
One Minute Speeches (5 per side)
Conference Report on H.R. 3630 - Temporary Payroll Tax Cut Continuation Act of 2011 (Conference Report Rule, One Hour of Debate) (Sponsored by Rep. Dave Camp / Ways and Means Committee / Energy and Commerce Committee / Financial Services Committee / Foreign Affairs Committee / Transportation and Infrastructure Committee / Agriculture Committee / Oversight and Government Reform Committee / House...
WASHINGTON, D.C. — Congressman Jeff Fortenberry will hold a press conference today with supporters of the bipartisan, bicameral Respect for Rights of Conscience Act, which would protect the religious liberty and conscience rights of every American who objects to being forced by the strong-arm of government to pay for drugs and procedures recently mandated by the Department of Health and Human Services (HHS). This piece of legislation currently has the support of approximately 220 Members of Congress and Senators, the most strongly-supported legislative remedy to the...
The only honest conclusion one can draw from President Obama’s fiscal 2013 budget is that this administration refuses to recognize the seriousness of America’s fiscal crisis and is recklessly unwilling to address the challenges we face.
There’s no other explanation, short of sheer political calculation, for proposing a budget that simply increases spending, taxing and borrowing. The White House claims $4 trillion in deficit reduction over a 10-year period without any feasible path to paying off the debt over time. This supposed $4 trillion does not even cover the debt accumulated...
WEDNESDAY, FEBRUARY 15TH
On Wednesday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First votes expected: 1:30 - 2:30 p.m. Last votes expected: 6:00 - 7:00 p.m.
One Minute Speeches (15 per side)
Begin Consideration of H.R. 3408 - Protecting Investment in Oil Shale the Next Generation of Environmental, Energy, and Resource Security (PIONEERS) Act, Rules Committee Print (Structured Rule) (Sponsored by Rep. Doug Lamborn / Natural Resources Committee / Energy and Commerce Committee)
The rule provides for one hour of general debate and...
Washington, D.C. – House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement after the release of President Obama’s annual budget proposal which includes $47 trillion in spending over the next decade along with $1.9 trillion in new taxes and trillions more in debt.
“At a time of serious challenges – both economically and fiscally – for our nation, President Obama has submitted a budget that harms job creators and hard-working taxpayers,” said Chairman Price. “With year after year of deficits in excess of $1 trillion and 36 straight...