WASHINGTON – Republican National Committee (RNC) Chairman Michael Steele released the following statement today:

“As the White House scrambles to convince skeptical Americans that he is doing everything he can to lower unemployment, President Obama has signed into law a 2,300 page behemoth that will saddle the business community with innumerable unintended consequences, tighter credit, and countless job-killing regulations. Cast from the same mold as the failed stimulus bill and the 2.5 trillion dollar government takeover of healthcare, President Obama’s latest foray into government control of the private economy unnecessarily punishes Main Street and fails to address the root causes of the kind of crisis it was designed to prevent in the first place.”