Press Releases

June 30, 2010

To Listen To Audio Of Full Conference Call, Please Visit: http://www.gop.com/audio/063010_paulryan.mp3

U.S. Congressman Paul Ryan (WI-1):

“…I think the President ought to reassess his own economic policies. Since the stimulus passed, we’ve lost 3.6 million jobs. I think he also ought to reassess, and it sounds like he is with respect to Bucyrus, the practical effects of his policies…

“But I think the point is very clear: the kinds of economic policies we’re getting from Washington are the exact opposite of what we need to do to get jobs turned back on in this country …

“We have a borrow-and-spend stimulus program, which I said earlier has already since been incepted lost 3.6 million jobs. It’s not doing what it was supposed to do.  It was advertised as keeping unemployment from getting above 8%; it’s been hovering around 10% since the stimulus passed. When you add up the interest costs of the stimulus its $1.1 trillion …

“We also need to give businesses certainty that if they take risks, if they invest, if they hire people back, that the economic climate’s going to improve, not get worse, but that is exactly not the signals we’re sending. They see higher taxes, more regulations, more uncertainty; they see credit being restricted, not loosened. And they see an interest rate climb in the future because of debt and Federal Reserve policies that give our economic actors, the small businesses of America, the hirers of America, they give them pause and that is one of the reasons why we’re not getting job creation …

“I’ve met with other employers in Racine and Kenosha and in Walworth County and that SE Wisconsin quarter, that are telling me because of the new tax increases that are coming into law, because of the new regulatory problems, they don’t have any plans to hire people back. And so, the constant pulse that I am getting is after our Congress has already raised taxes $670 billion this year, raised spending $1.8 trillion this year, what I’m getting from the job creators, from the small businesses and the big businesses in Southeastern Wisconsin is that they’re sitting on their hands, and they’re riding out the storm, because they don’t see a bright future. And what they do see is either higher taxes, higher regulations, or more uncertainty …”