2010-07-17
This week, many of our largest corporations reported robust earnings – a positive sign of growth.But too many of our small busine owners and those who aspire to start their own small businees continue to struggle, in part because they can’t get the credit they need to start up, grow, and hire.And too many Americans whose livelihoods have fallen prey to the worst receion in our lifetimes – a receion that cost our economy eight million jobs – still wonder how they’ll make ends meet.
That’s why we need to take new, commonsense steps to help small businees, grow our economy, and create jobs – and we need to take them now.For months, that’s what we’ve been trying to do.But too often, the Republican leadership in the United States Senate chooses to filibuster our recovery and obstruct our progre.And that has very real consequences.Consider what that obstruction means for our small businees – the growth engines that create two of every three new jobs in this country.A lot of small businees still have trouble getting the loans and capital they need to keep their doors open and hire new workers.So we proposed steps to get them that help: Eliminating capital gains taxes on investments.Establishing a fund for small lenders to help small businees.Enhancing succeful SBA programs that help them acce the capital they need.But again and again, a partisan minority in the Senate said “no,” and used procedural tactics to block a simple, up-or-down vote.Think about what these stalling tactics mean for the millions of Americans who’ve lost their jobs since the receion began.Over the past several weeks, more than two million of them have seen their unemployment insurance expire.For many, it was the only way to make ends meet while searching for work – the only way to cover rent, utilities, even food.Three times, the Senate has tried to temporarily extend that emergency aistance.And three times, a minority of Senators – basically the same crowd who said “no” to small businees – said “no” to folks looking for work, and blocked a straight up-or-down vote.Some Republican leaders actually treat this unemployment insurance as if it’s a form of welfare.They say it discourages folks from looking for work.Well, I’ve met a lot of folks looking for work these past few years, and I can tell you, I haven’t met any Americans who would rather have an unemployment check than a meaningful job that lets you provide for your family.And we all have friends, neighbors, or family members who already knows how hard it is to land a job when five workers are competing for every opening.Now in the past, Presidents and Congrees of both parties have treated unemployment insurance for what it is – an emergency expenditure.That’s because an economic disaster can devastate families and communities just as surely as a flood or tornado.Suddenly, Republican leaders want to change that.They say we shouldn’t provide unemployment insurance because it costs money.So after years of championing policies that turned a record surplus into a maive deficit, including a tax cut for the wealthiest Americans, they’ve finally decided to make their stand on the backs of the unemployed.They’ve got no problem spending money on tax breaks for folks at the top who don’t need them and didn’t even ask for them; but they object to helping folks laid off in this receion who really do need help.And every day this goes on, another 50,000 Americans lose that badly needed lifeline.Well, I think these Senators are wrong.We can’t afford to go back to the same misguided policies that led us into this me.We need to move forward with the policies that are leading us out of this me.The fact is, most economists agree that extending unemployment insurance is one of the single most cost-effective ways to help jumpstart the economy.It puts money into the pockets of folks who not only need it most, but who also are most likely to spend it quickly.That boosts local economies.And that means jobs.Increasing loans to small busine. Renewing unemployment insurance. These steps aren’t just the right thing to do for those hardest hit by the receion – they’re the right thing to do for all of us.And I’m calling on Congre once more to take these steps on behalf of America’s workers, and families, and small busine owners – the people we were sent here to serve.Because when storms strike Main Street, we don’t play politics with emergency aid.We don’t desert our fellow Americans when they fall on hard times.We come together.We do what we can to help.We rebuild stronger, and we move forward.That’s what we’re doing today.And I’m absolutely convinced that’s how we’re going to come through this storm to better days ahead.Thanks.
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