Congressman Bob Gibbs (R-OH) issued the following statement in response to today’s report that the economy created 80,000 jobs in October and the unemployment rate is 9%:Rep. Jean Schmidt:
“This morning we received the news that the economy added 80,000 jobs in October. While job growth is better than job losses, this level of job growth is simply not going to get our economy turned around.
“It is clear that the threat of higher taxes, more spending, and new regulatory burdens from Washington have left employers paralyzed by uncertainty, unable to hire or invest because they simply don’t know what’s coming next.
“Only by passing legislation removing these threats, as the House of Representatives has done and will continue to do, will we get our economy turned around and creating jobs. But for the past 11 months, the House of Representatives has passed over 20 bipartisan jobs bills only to have them ignored by Senator Harry Reid and the Democratic controlled Senate.
“While these bills that would allow the private sector to begin creating jobs continue piling up on the doorstep of the United States Senate, unemployment remains unacceptably high. It is long past time for the Senate to act. I urge the Senate Democrats to join us in enacting real solutions to the challenges facing the American people and bring these bipartisan bills to a vote immediately.”
Congresswoman Jean Schmidt is pleased the House of Representatives voted overwhelmingly to pass a job-creating bill she co-sponsored, the Entrepreneur Access to Capital Act, but she said that today’s labor report indicates much more needs to be done to get the U.S. economy back on track.Crossroads GPS CEO Steven Law:
The bill, which passed 407-17 on Thursday with bipartisan support, will ease regulatory burdens to permit so-called crowd funding for start-up businesses.
“This is an innovative way for friends and family members to contribute small amounts of money into a pool to help entrepreneurs launch and grow a company,” said Congresswoman Schmidt, a Miami Township Republican. “Small businesses are critical to our local economy – and the creation of jobs.”
The national unemployment rate has been stuck at about 9 percent for over two years, which means nearly 14 million people don’t have jobs. “Those numbers are unacceptable,” Congresswoman Schmidt said.
“It’s now up to the Senate to approve the Entrepreneur Access to Capital Act,” Congresswoman Schmidt said. “More than a dozen other bills that would create jobs have been passed by Republicans in the House but remain stuck in the Democrat-controlled Senate. It’s time for the Senate to put aside partisan differences and help get our great nation back to work.”
“President Obama's massive stimulus policies have failed to bring down unemployment, and his new ideas haven't learned from past mistakes,” said Steven Law, president and CEO of Crossroads GPS. “President Obama's tax, healthcare and regulatory policies have savagely attacked small businesses and entrepreneurs that create jobs, and instead entrusted job creation to unelected bureaucrats in Washington that hand out stimulus checks – and that's no way to run an economy.”