Hensarling Statement on Latest Unemployment Report, State of the "Obama Economy"

November 4, 2011

WASHINGTON – U.S. Congressman Jeb Hensarling (R-Texas), Chairman of the House Republican Conference and Co-Chairman of the Joint Select Committee on Deficit Reduction, issued the following statement today regarding the latest unemployment report by the U.S. Bureau of Labor Statistics and the House Republican Plan for America’s Job Creators

“Today’s unemployment numbers underscore the sad fact that prolonged joblessness and prolonged disappointment remain the constant hallmarks of the Obama Economy. While job growth remains job number one for House Republicans, the president and his party continue to push a hopeless agenda to divide the nation and punish job creators with more taxes, more red tape, and more job-killing uncertainty. 

“The difference between House Republicans and Washington Democrats all year long has been the difference between action and inaction. Following the House Republican Plan for America’s Job Creators, the House has been a jobs bill factory—and business is good: the supply has been high and the demand is through the roof. Unfortunately, the products always seem to get lost in the mail on their way to the Democrat-controlled Senate. 

“While House-passed jobs bills continue to stack up like cordwood on the Senate’s door step, the evidence that this administration’s agenda has only made things worse continues to stack up as well. Last week, the World Bank released its annual ‘Doing Business’ report which saw America fall to number 13 in its ranking for ‘ease of starting a business’—in 2007, we ranked number three. This week, a new Pew study revealed that of the 14 million Americans currently unemployed, nearly a third has been out of work for a full year or longer. 

“The facts speak for themselves: the Obama Economy has meant despair for Americans and disconnect by Democrats. When President Obama hints on-and-off again that ‘we are better off now’ and Harry Reid claims private sector job growth  is ‘doing just fine,’ the American people can plainly see that Washington Democrats have no plan to turn this economy around since they actually believe we’re moving in the right direction. Clearly, we’re not. 

“Through jobs bill after jobs bill, House Republicans have worked to restore the freedom and confidence our job creators need to do their job. Less spending, smarter regulations, a fairer and flatter tax code and fewer roadblocks to capital will help unleash the full potential of our nation’s businesses and entrepreneurs to re-invigorate our economy and put Americans back to work. Our plan is real and our bills are ready—it’s time for President Obama and Senator Reid to act.”

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