Press Releases

Congressman Larry Bucshon (IN-08) released the following comment on the October jobless rate.  The rate decreased to 9 percent.

Congressman Bucshon (IN-08) states:

            "We know what it takes to create jobs and we know that it doesn't involve anymore stimulus spending that will add to our nation's growing debt.  As the Obama administration continues to push for more regulations and more deficit spending, we have been working in the U.S. House to put Americans back to work.

It is getting harder and harder to do business in the United States as we become more and more uncompetitive in a global economy.  House Republicans have a plan for jobs.  We have passed numerous bills, with bipartisan support, that would create jobs, yet they remain stuck in the Senate."

Background:

Congressman Bucshon wrote the following Op-Ed concerning jobs and the U.S. House of Representatives' bills that have stalled in the U.S. Senate.  You can read it here.

The House Republicans released their Plan for America's Job Creators in June of this year.  It can be read at jobs.gop.gov.  Also on the site, you can view the progress of the House passed bills that have not been considered in the Senate.

On Wednesday, November 2nd, Federal Reserve Chairman Ben Bernanke, during a news conference, predicted the unemployment rate for 2012 will be between 8.5 percent and 8.7 percent, up from a June prediction of 7.8 percent.

A Wall St. Journal article, "America as Number Four" from October 28, 2011, dissected the World Bank's annual "Doing Business" report released the prior week.  The article stated, "In 2007, the U.S. ranked third in the "ease of starting a business" category. This year it ranks 13th. On the "paying taxes" front we've dropped to 72nd place from 63rd. The cost of starting a business, measured as a percentage of per capita income, has doubled to 1.4% from 0.7% in 2007. On "ease of registering property" the U.S. has dropped to 16th from tenth. In the "trading across borders" category, we've dropped nine spots to 20th. In 2007, the "cost to import," as measured in dollars per container, was $625. Today it's more than doubled to $1,315."

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