Economic Stimulus and Job Creation
Immediately after taking office earlier this year, President Obama worked with Congress to put together a bold response to the economic challenges and hardship that Americans have been facing.
The stimulus package, known formally as the American Recovery and Reinvestment Act, has already made a difference, helping to jumpstart our economy while also making important investments – in education, health care, clean energy, new technology, infrastructure and transportation – that will continue to pay off well into the future.
I remain concerned about the high level of unemployment in California and nationally and will continue my efforts to help put more Americans back to work. Although we have a way to go, there are signs that the economy is indeed rebounding and job losses are slowing. Economists credit the stimulus package for preventing a more severe crisis and even higher unemployment.
Funding in the stimulus package has prevented layoffs of many nurses, police officers, firefighters and teachers, enabling them to continue both to provide for their families and serve our communities. In addition, the stimulus has created jobs for workers constructing and repairing vital infrastructure and transportation projects.
More on Economic Stimulus and Job Creation
Congresswoman Maxine Waters (CA-43) hosted an exporter forum for small businesses on Friday, May 3 in Hawthorne, Calif. More than 75 representatives from local companies attended the event, which focused on how American companies can gain a competitive edge when exporting their products overseas. The forum was held in collaboration with Fred P. Hochberg, chairman and president of the Export-Import Bank (Ex-Im). Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers.
Thank you very much, Mr. Chairman, and I thank Mr. Van Hollen for yielding me time.
Today I rise in strong opposition to the Republicans' budget, a budget that makes absurd claims to reducing the deficit by repealing crucial government authority to protect our economy. Lest we forget that Lehman Brothers' disorderly bankruptcy sparked the worst financial crisis since the Great Depression.
Congresswoman Maxine Waters (CA-43) hosted "Women in Business: A Small Business Expo" on Tuesday, March 26 at the Lawndale Community Center. The event drew a standing-room-only crowd and provided information and resources to small business owners and interested entrepreneurs.
A senior House Democrat is seeking support for legislation that would pump more money into the Transportation Department's popular TIGER grant program.
Maxine Waters of California has sent a letter to colleagues, trying to find cosponsors for a bill that would restore cuts to the grant program for infrastructure projects with national or regional significance, which funds road, bridge, transit and airport projects of regional and national interest.
Congresswoman Maxine Waters (CA-43) issued the following statement today regarding the upcoming March 1 sequester deadline:
"The clock is ticking and the deadline is quickly approaching to avert across-the-board spending cuts known as the sequester, which is scheduled to take effect on Friday, March 1. The $85 billion in automatic spending cuts will have a devastating impact on families throughout the country, and will slow economic growth and job creation.
Congresswoman Maxine Waters released the following statement regarding the U.S. Postal Service (USPS) plans to end Saturday mail delivery:
"The announcement by Postmaster General Patrick Donahoe to eliminate Saturday first-class mail delivery starting in August without support of Congress is an arbitrary decision. Our constituents will be disadvantaged by this loss, especially our businesses that depend on timely and reliable mail delivery in order to operate a successful business.
The following remarks were made by Congresswoman Waters during a joint subcommittee hearing on the implementation of the JOBS Act. The hearing included members of the House Financial Services Committee and the House Oversight and Government Reform Commitee.
Thank you, Mr. Chairman, for holding a hearing this morning on the important issue of implementation of the JOBS Act.
"The pledge is not for life, but everybody who signed the pledge including Peter King, and tried to weasel out of it, shame on him," Norquist said on CNN's "Piers Morgan Tonight" on Monday, adding, "I hope his wife understands that commitments last a little longer than two years or something."