Strengthening America's Economy and Creating Jobs in Wisconsin
Despite a recession, the stock market decline, terrorist attacks, corporate
scandals, and war, this economy is strong and getting stronger. The economy
is growing at the fastest rate in two decades, and America currently has the
fastest growing economy of any industrialized country in the world. Inflation,
interest rates, and mortgage rates are near historic lows. Homeownership
rates are at the highest level ever. After-tax incomes are up by 8.4%
since the end of 2000.substantially higher than following the last
recession, and household wealth is at an all-time high. The unemployment
rate dropped from its peak of 6.3% last June to 5.6% today.below the average
unemployment rate of the 1970s, 1980s, and 1990s.
The President.s pro-growth policies are working, but he will not be
satisfied until every American looking for work has found a job. To create
more jobs, we must make sure America remains the best place in the world to
do business. The President has outlined a six-point plan for building on the
success of his jobs and growth agenda to create even more job opportunities
for America.s workers.
Tax relief was vital to getting the economy moving again, and for
the sake of job creation, it must be made permanent.
There need to be fewer regulations so business owners can focus
on their business rather than spending hours on paperwork.
We need legal reform to cut down on frivolous lawsuits. Even the
threat of frivolous lawsuits puts a damper on job creation, investment, and expansion.
We need to address the high cost of health care and provide coverage
for the uninsured through association health plans, health savings accounts,
and medical liability reform.
We need affordable and reliable supplies of energy so we can reduce our
dependence on foreign oil.
Finally, we need to open more foreign markets to U.S. products and services.
The President.s policies have brought us back from recession to recovery.
Now is not the time to change the policies that are strengthening our
economic recovery. A pro-growth economic agenda, and help for American
workers to gain the skills to secure good jobs, are the right ways to
respond to the challenges of our growing and changing economy. Raising
taxes and retreating into economic isolationism is the wrong course to take.
These policies would endanger our economic recovery and cost U.S. workers jobs.