Mr. President, we have a long way to go before our economy is back to normal. Ask any American and they will tell you: We have a lot more jobs to create and fill, a lot more homes to save, and a lot more consumer confidence to recover. I…
Mr. President, we have a long way to go before our economy is back to normal. Ask any American and they will tell you: We have a lot more jobs to create and fill, a lot more homes to save, and a lot more consumer confidence to recover.
I hear every day from families in Nevada who still need us to fight for them. I know every Senator hears the same from citizens in their State.
There are currently bits and pieces of good news. They are not enough, that is for sure. But the Dow Jones opened this morning above 12,000. That is the highest in many years. Manufacturing is rising more than expected. Consumer spending is beating forecasts also. Corporate profits are higher than anyone predicted. We got a decent jobs number
today, better than most economists predicted--not good enough but decent. So it is not all bad news. But I am not satisfied hearing that things are simply better than expected. Nevada, similar to every other State, is still hurting, and our job is not to beat expectations, it is to beat unemployment and beat back the deficit. We cannot assume we are back to normal every time we hear encouraging news. We don't have that luxury because it is not true. We can't let our guard down and we can't waste any more time on symbolic votes.
The fight to repeal the patients' rights enshrined in the health reform law is behind us now. The arguments have been made, the votes have been counted, and similar to the majority of the American people, the Senate has decided the law of the land is better than the broken system it replaced.
I don't wish to spend a lot of time talking about health care because the vote speaks for itself, but I will say this. Those who want to deny Americans the right to afford a healthy life had their say in 2008, when President Obama was elected on the promise of change. They had their say in 2009, when we first passed this law. They had their say in 2010, when we finalized it. Now they have had their say in 2011, when they tried to repeal it. Each time the votes fell on the side of patients, patients' rights--more rights, not fewer. The Senate voted each time to put people, not insurance companies, in control. The Senate voted each time for health, not sickness. So it is time to move on.
Let's talk about jobs. We are on a jobs bill right now, the Federal Aviation Administration authorization. The Aviation Modernization Act, which is this bill, is to bring to America modern air travel, travel into the 21st century. This legislation will create hundreds of thousands of jobs--not hundreds, not thousands but hundreds of thousands. That is why we are fighting so hard for this legislation. It is a bipartisan piece of legislation. It is not a Democratic bill. It is not Republican. It is a bipartisan bill. The same bill passed the Senate unanimously last year. So I hope we come together in the spirit of compromise we all promised and finish it as quickly as possible. This bill alone will not eradicate unemployment, but it will help. It is going to move us further toward that goal, and the quicker we pass it the quicker 280,000 Americans will breathe easier by knowing a good, consistent paycheck is on the way.
We are all concerned about the deficit. There is nothing more important than creating jobs, though. We can never have a healthy economy when we have 15 million people out of work. We can never have a balanced budget when we have 15 million people out of work.
The deficit is something that is very important. Jobs, as I indicated, will work toward solving that problem, but it is not the only way to strengthen our economy. We also need to keep digging out of the fiscal hole we inherited over the last decade. In the short term, we can responsibly cut spending. In the long term, we can cut our deficit. There are some things we have to be careful to avoid, such as jeopardizing the full faith and credit of our great country. That is what will happen if we don't raise our Nation's debt limit. If we don't act, if we allow the country to default on our legal obligations, we will send our economy into default for the first time in its history. That will certainly not save a single job or save a single home from foreclosure or encourage the domestic and foreign investment we need to grow. It will be just the opposite. Each of these steps is an important stride toward recovery. Together, they are a powerful leap forward.
We might be on the right track and heading in the right direction, but we still have a ways to travel. Let's avoid the temptation to get distracted and derailed. Let's keep driving toward that goal. If we work toward putting people back to work, soon Nevada and every other State will not just read good news in a headline here or there, they will see it before their eyes--in their workplaces and in their wallets and throughout our country.