By J. Taylor Rushing - 09/04/10 10:00 AM EDT
GOP Rep. Geoff Davis (Ky.) used the weekly Republican radio address to pound the Obama administration over its economic record, suggesting that the economy would revive quickly if the government loosened a swath of business regulations.
Davis’s address came a day after statistics were released by the Labor Department that showed 67,000 new jobs were added in August — more than expected — but the nation still saw a net loss of 54,000 jobs.
“Yesterday, Americans from coast to coast began their day with the news that our economy has lost jobs for three months in a row. The nation’s unemployment rate has now been above nine percent for 16 consecutive months,” Davis said. “This is despite the fact that the Obama administration promised that the trillion-dollar ‘stimulus’ would keep unemployment below eight percent. So the question remains: where are the jobs?
“The Obama administration told the American people this would be a ‘Recovery Summer’. But our economy continues to lose jobs.Growth has slowed to anemic levels. Our national debt is growing by more than four billion dollars per day. So as it turns out, ‘Recovery Summer’ was nothing more than a meaningless slogan.”
Davis is running for his fourth term against Democratic challenger John Waltz, a veterans rights advocate and a disabled veteran of the Iraq War. The seat is heavily favored to remain in Republican hands; Davis won re-election in 2008 with 63 percent of the vote.
The district includes 24 counties in the northeast part of the state, ranging from near the Louisville area to the West Virginia state line, and with much of the vote coming from suburbs surrounding Cincinnati.
Davis took direct aim at the administration’s regulatory record, accusing the White House of having “lined up” 191 rules and regulations that will adversely impact businesses.
“Stimulus’ spending, permanent bailouts, government takeovers, and federal mandates have all failed our nation. America’s employers are afraid to invest in an economy racked with uncertainty over what Washington’s next set of rules, regulations, mandates, and tax hikes will look like. This uncertainty is one of the main reasons our economy is not creating enough jobs.”
Davis also complained that none of the new regulations required congressional approval, noting that he has written a bill called the REINS Act that would require Congress to approve of new business regulations mandated by federal officials. Davis said he got the idea after a constituent approached him about a steep increase in sewer rates due to storm system upgrades ordered by the government.
“This legislation would serve as a much-needed restraining order against unelected busybodies and bureaucrats whose actions could make it harder to create jobs,” Davis said. “The sooner we rein in the red tape factory in Washington, DC, the sooner small businesses can get back to creating jobs and helping more Americans find an honest day’s work.”
Obama announced Friday he plans to push a broad package of legislative measures to jump-start the economy, stressing that he believed the ideas would find bipartisan agreement. The president said details would be announced next week.