Wednesday, December 2, 2009

Another “stimulus” is not the solution

Nearly 10 months after signing his $787 billion economic stimulus bill into law, President Obama will host a Stimulus II Jobs Summit tomorrow. According to the Chair of his Council of Economic Advisors, the purpose is to “jump-start job creation.”

For months, the White House has been focused on pushing a massive government takeover of our health care system and an expensive cap and tax bill through Congress, both of which would cost us jobs. As unemployment continues to soar, a Jobs Summit would have been timelier before borrowing and spending billions of dollars.

People are tired of Washington running amuck with their hard-earned tax dollars. It’s time for a change in economic policy. With all the uncertainty the government has created about taxes, energy costs, health care mandates and other things that impact job creators, it’s no wonder employers are concerned about hiring.

This afternoon, Republican Whip Eric Cantor (R-VA) delivered economic remarks at the Heritage Foundation, during which he detailed a conservative vision to revitalize the economy, create jobs and restrain spending.

As a member of the Economic Recovery Solutions Group for House Republicans, my colleagues and I have been meeting all year on ways to improve the economy. And lately our focus has been on a no-cost jobs plan. As the President kicks off his jobs summit tomorrow, I encourage you to visit http://republicanwhip.house.gov/uploadedfiles/JobsProposals.pdf and learn about the common-sense proposals that Mr. Cantor laid out and which I support.

Instead of mounting unprecedented rates of federal debt, we need a plan that focuses on job creation instead of more spending legislation masked as a jobs creation bill. While President Obama, Speaker Pelosi and the liberal Congress continue to push us deeper into debt, I stand with the American people. We must begin practicing fiscal restraint. While they continue to expand government control, I will continue to promote and support long-term job creating solutions.