I put forward a budget of what I called "middle-class economics" that continues to be fiscally prudent but makes necessary investments for us to continue the economic momentum and job growth.
Before Barack Obama took office, it looked like that pride could have vanished forever, but today, from the staggering depths of the Great Recession, the nation has had 29 straight months of job growth. Workers across my state and across the country are getting back the dignity of a good job and a good salary.
I can't possibly predict precisely what the unemployment rate will be at the end of one year. I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower.
Any reasonable economist will tell you that it's nearly impossible to isolate the impact of right-to-work laws on a state's job growth. A multitude of other factors intervene. However, one thing the numbers can show is that right-to-work laws have a negative effect on the wages of workers in that state.
If the Democratic policies had been pursued over the last two or three years... we would not have had the kind of job growth we've had.
Republican leaders have made clear they have no plans to use the power of government to stimulate the economy, invest in job creation and spur job growth. The Fed's plan is to give banks more money to finance the private sector job creation. But banks have ample cash now; they aren't lending, and the private sector is not creating the jobs. That is why we have 15 million people unemployed.
And fifth, we will champion small businesses, America's engine of job growth. That means reducing taxes on business, not raising them. It means simplifying and modernizing the regulations that hurt small business the most. And it means that we must rein in the skyrocketing cost of healthcare by repealing and replacing Obamacare.
Job growth well in excess of population increase would be a very good thing if it were only that easy.
We have now under President Obama's leadership had 29 months in a row of private sector job growth. That stretch of positive private sector job growth hasn't happened since 2005. We still have a long way to go, but we are moving in the right direction.
The three top issues have to be restoring jobs and private sector job growth to our country, getting the entitlement mess under control, and restoring back to our country a sense of self-confidence that Americans can achieve whatever we want to achieve.
I am excited to rise today to support National Mom and Pop Business Owners Day. This celebration honors the husband and wife business owner teams whose work helps drive the economy and fuel job growth.
There is job growth in renewables, there is job growth in energy efficiency and there is job growth in developing innovative industries and technologies to successfully meet the challenge of climate change.
In fact, 80 percent of our domestic job growth comes from the small- and medium-sized business community.
Ohioans know who cut their taxes. Nobody else on the ballot did. Ohioans know who is responsible for job growth, and nobody else on the ballot was.
Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.
Our Government is fostering economic growth in Kitchener, Cambridge and all of the Waterloo Region by investing in our innovative businesses. Today's announcement is a great example of how we are helping high-potential companies bring great ideas to market faster. Helping our entrepreneurs and original thinkers export their products and services to the rest of the world creates jobs, growth and economic prosperity here at home.
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