Monday, September 12, 2011

RSC Update: Employers Not Encouraged by Obama’s New Stimulus

Monday, September 12, 2011

From the Chairman
Over the last few years, we’ve all learned what happens when Congress passes bills without reading them first. So I was struck during President Obama’s new stimulus speech last week by his repeated demand that Congress immediately pass a $450 billion bill that hadn’t even been written yet.

Although we’re still waiting on the bill text, the President has discussed his plan in generalities. A few of the items on the list merit a closer look, but much of his speech sounded like the same things he said about his failed 2009 stimulus plan. It often felt like the movie Groundhog Day. And when The New York Times asked private sector employers what they thought about the plan, the general sense was that it wouldn’t lead them to hire anyone they didn’t plan to hire already.

In the meantime, House Republicans will continue working to cut through the bureaucratic interference and red tape that’s costing Americans jobs. Later this week, we’ll pass a bill to prevent the NLRB (the government board attacking Boeing for building a new plant in South Carolina instead of Washington state) from restricting where an employer can create jobs in the United States. And next week, we expect to pass a bill to delay a new EPA rule (which a Texas company announced today will force it to cut 500 jobs) until the full economic impact of the Obama administration’s  regulatory agenda has been analyzed.

God Bless,

Congressman Jim Jordan
Chairman, Republican Study Committee

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