Friday, September 10, 2010

Roskam on Obama's newest stimulus

I only caught the first few minutes of President Obama's press conference this morning on the radio; I was driving from an early morning meeting into work. Ironically I was in the district of Rep. Peter Roskam (R-IL) when I heard the defensive-sounding Obama's opening statement to the press.

Roskam, the deputy Republican whip and a member of the Ways and Means Committee, is opposed to Obama's call for additional stimulus spending.

Today President Obama said his trillion dollar stimulus package "worked." The American people know otherwise.

Eighteen months and $500 billion in stimulus spending later, President Obama still doesn't get it. He said that with the first stimulus package, unemployment would peak at 8 percent. Now we're at 9.6% unemployment nationally, and the situation is much worse in many states. Unfortunately, rather than charting a new course, the president has come back with exactly the same approach that failed to create jobs and restore us on a path to prosperity the first time—borrow more money and spend more money. We need an agenda for real economic growth and quality job creation.
On Wednesday Roskam appeared on PBS' Newshour. He told host Gwen Ifill:

If you want to create predictability, which is what I'm hearing from small businesses in my district, then make the tax cuts permanent, get control on the spending side, which actually has an adverse impact on long-term economic growth -- and that's from testimony before President Obama's own debt commission -- do those types of things, and signal to the marketplace that you're serious about a restrained government, instead of an expansive government. We have seen where expansive government leads. It leads to a nagging unemployment rate of about 10 percent.
Roskam is the vice-chair and jobs-policy director of America Speaking Out, an interactive community created by the House Republicans to produce ideas to improve our nation.

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