Unemployment Compensation Extension Act Of 2008
Madam Speaker, I would like to compliment our chairman and ranking member and other Members of this body who have worked very hard to try to help families and working individuals across the country. I would like to talk a little bit about…
Madam Speaker, I would like to compliment our chairman and ranking member and other Members of this body who have worked very hard to try to help families and working individuals across the country.
I would like to talk a little bit about the State of Nevada and some of the challenges that we are facing. State economists today say that they expect that next year our unemployment rate in Nevada should rise to about 8.6 percent and stay there through 2010, a striking example of why we need to pass this legislation. As a Congress, we have failed to pass a comprehensive energy bill, which has caused us serious challenges in Nevada. But let me talk about some of the specifics.
Individuals are not traveling to Nevada as they used to, although now is the time to travel. We have some of the best bargains in the world. But I can assure you that because of the cost of living, the cost of fuel, with the highest foreclosure rate in the country in my district alone, we are having some major impacts occur on our families. We need to find a way to help these families immediately, and I applaud Congress for its actions today, for the relief package for millions of Americans. This is one more step to help those working families.
As I mentioned, we are facing serious economic challenges in Nevada. We have had three bank failures to date, and I have heard from numerous families over and over again and their neighbors and friends as to the impact of the bank foreclosures.
We need to find additional action. This is it. Again, I applaud my colleagues here in Congress for having the foresight, and to the chairman, I appreciate it.
