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Thompson on President's economic policies

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Published on Jun 8, 2012

Remarks as prepared


Mr. Speaker, there are too many Americans out of work, and the President's policies only make things worse.

There are fewer prime working age adults in jobs than at any point in the two decades prior to the start of the recession.

By combining those who are not actively seeking work, along with those who are involuntarily working part time, the real unemployment rate checks in at 14.5 percent.

The President's policies have led to lower U.S. rankings on world indexes of economic freedom and business opportunity.

The President's regulations are costing businesses billions. The Utility MACT rule alone will cost 9.6 billion per year according to EPA's own estimates.

The President has stalled energy development on public lands, leaving us subject to foreign oil imports and high gas prices.

The President has failed to bring balance to our trade with China; the trade deficit with China was a record $295.5 billion in 2011.

Mr. Speaker, there are 28 bipartisan jobs bills awaiting Senate action.

It is long-past time for the President and the Senate to join with the House to increase American jobs, opportunity, and competitiveness.

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