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Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 111 CONGRESS, SECOND SESSION

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Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 111 CONGRESS, SECOND SESSION E PL UR UM IB N U U S Congressional Record United States th of America PROCEEDINGS AND DEBATES OF THE 111 CONGRESS, SECOND SESSION Vol. 156 WASHINGTON, MONDAY, SEPTEMBER 27, 2010 No. 131 House of Representatives The House was not in session today. Its next meeting will be held on Tuesday, September 28, 2010, at 10:30 a.m. Senate MONDAY, SEPTEMBER 27, 2010 The Senate met at 2 p.m. and was to the Senate from the President pro The ACTING PRESIDENT pro tem- called to order by the Honorable RO- tempore (Mr. INOUYE). pore. Without objection, it is so or- LAND W. BURRIS, a Senator from the The legislative clerk read the fol- dered. State of Illinois. lowing letter: Mr. REID. Mr. President, I an- U.S. SENATE, nounced last week that we would have PRAYER PRESIDENT PRO TEMPORE, a live quorum at about 7 p.m. this The Chaplain, Dr. Barry C. Black, of- Washington, DC, September 27, 2010. evening. I am hopeful that will be the fered the following prayer: To the Senate: last one we will need, but we will see Let us pray. Under the provisions of rule I, paragraph 3, how the debate proceeds. of the Standing Rules of the Senate, I hereby O Lord, our God, how majestic is f Your Name in all the Earth. Thank appoint the Honorable ROLAND W. BURRIS, a Senator from the State of Illinois, to per- CREATING JOBS You for the gift of this moment in form the duties of the Chair. time. Today, give our lawmakers an DANIEL K. INOUYE, Mr. REID. Mr. President, the most appreciation for Your gracious provi- President pro tempore. important part of our jobs as Senators dence. Remind them that they need not Mr. BURRIS thereupon assumed the is to create jobs in our States. That is fear the future when they remember chair as Acting President pro tempore. especially true in times such as these, the way You have led us in the past. when so many are reeling from so f You brought our forebears to these much economic pain. shores and sustained them through bit- RECOGNITION OF THE MAJORITY Right now, as I speak, the President ter adversity. This great land was not LEADER is signing into law our small business produced by our might, wisdom, and in- The ACTING PRESIDENT pro tem- jobs bill. As soon as he does, $15 billion genuity but by Your sovereign will. pore. The majority leader is recog- in tax relief and hundreds of millions of Lord, keep us from trying to navigate nized. dollars in loans will be on the way to into the future without Your presence f America’s small businesses, which we and power. Quicken the minds of our all know are the engines of our econ- Senators to seek Your wisdom and to SCHEDULE omy, engines that will power recovery. obey Your commands. Mr. REID. Mr. President, following Every penny of that help is paid for, We pray in Your powerful Name. any leader remarks, there will be a pe- and it will not add a single dime to the Amen. riod of morning business until 3 p.m. deficit. I spoke to the Administrator of f today. Senators, during that period of the Small Business Administration on PLEDGE OF ALLEGIANCE time, will be allowed to speak for up to Thursday or Friday—I don’t know the 10 minutes each. At 3, the Senate will exact day. She indicated to me that The Honorable ROLAND W. BURRIS led resume consideration of the motion to there were 1,000 applications for small the Pledge of Allegiance, as follows: proceed to the Creating American Jobs business loans that will be completed I pledge allegiance to the Flag of the and Ending Offshoring Act. within hours of signing that bill. The United States of America, and to the Repub- lic for which it stands, one nation under God, ORDER OF PROCEDURE resources have simply not been there indivisible, with liberty and justice for all. I ask unanimous consent that at 4 for her to do the work that is nec- p.m., until 11 p.m. today, the Senate essary. One thousand small businesses f begin 30 minute alternating blocks of will be able to go forward on programs APPOINTMENT OF ACTING debate on the motion to proceed to S. they have, programs dealing with re- PRESIDENT PRO TEMPORE 3816, with the majority controlling the tail sales, wholesaling. There will be The PRESIDING OFFICER. The first 30 minutes, which will begin at 3 businesses that will be exporters, im- clerk will please read a communication p.m. today. porters, and any variation of small ∑ This ‘‘bullet’’ symbol identifies statements or insertions which are not spoken by a Member of the Senate on the floor. S7455 . VerDate Mar 15 2010 22:04 Nov 24, 2010 Jkt 089060 PO 00000 Frm 00001 Fmt 4637 Sfmt 0634 E:\RECORD10\RECFILES\S27SE0.REC S27SE0 mmaher on DSK69SOYB1PROD with CONG-REC-ONLINE S7456 CONGRESSIONAL RECORD — SENATE September 27, 2010 businesses that you can imagine—res- MORNING BUSINESS It is clear these conditions would even taurants. This will create many jobs The ACTING PRESIDENT pro tem- be worse if not for the Recovery Act. It immediately. So I was happy when I pore. Under the previous order, there saved us from another full-blown de- heard that from her. I knew that was will now be a period of morning busi- pression and allowed us to rebuild our going to be the case, but I wanted to ness until 3 p.m., with Senators per- economy and add jobs. The nonpartisan hear it from her. mitted to speak therein for up to 10 Congressional Budget Office concluded When that funding gets to where it is minutes each. that the American Recovery and Rein- vestment Act resulted in anywhere be- going, as many as one-half million peo- The Senator from Delaware is recog- tween 1.8 million and 4.1 million more ple who are looking for work today will nized. soon be on their way to a new job. We jobs. fought so hard for this bill against such f The CBO also estimated that our gross domestic product was 1.7 percent stubborn minority opposition because FISCAL AND ECONOMIC to 4.2 percent higher in the first quar- we know we have to do everything we CHALLENGES can to get people back to work. That ter of 2010. Other economic indicators means we have to work just as hard to Mr. KAUFMAN. Mr. President, al- show similarly strong results, fol- create new jobs as we have to protect though we have come a very long way lowing the passage of the Recovery existing ones. It means that when a since January 2009, our Nation faces Act. After the passage of the Recovery corporation tries to take away some- profound short-term and long-term fis- Act, the markets hit bottom, with the one’s job in Nevada and send it halfway cal and economic challenges. In the Dow 6,547, on March 9, 2009, just about around the world, we have to stop short term, we need to do more so our the time we passed the Recovery Act. them. We cannot let the greedy CEOs economy will grow significantly again. Since we passed the Recovery Act, the do that anymore, and that is exactly This should include the small business Dow has risen dramatically, climbing what we are going to do this week. We jobs bill, the extension of middle-class above 11,000 early this year, even re- are going to take away the incentives tax cuts, and additional spending on in- maining above 10,000 amidst recent that our corporations have to send our frastructure, as the President has pro- market turmoil, and most recently jobs overseas and give them powerful posed. In the longer term, we need to spurting higher by more than 7 percent new incentives to keep the jobs right shore up our fiscal balance sheet and in the month of September alone. All here in America. develop policies, including investment that happened after we passed the Re- Right now, our Tax Code actually re- in innovation, research and develop- covery Act. wards corporations for offshoring jobs. ment, clean energy and science, tech- The Purchasing Managers Index, a It is hard to comprehend that, but it is nology, engineering and math—STEM leading indicator of business con- fidence, has also been generally true. It helps them pay the costs of education—that promote sustainable trending upward since the passage of closing their plants and offers them tax growth and job creation. the Recovery Act. That we are not breaks if they move production to Unfortunately, instead of distin- where we want to be is testament to other countries. The current system guishing between our distinct short- the magnitude of the problems inher- even encourages companies to ask term and long-term problems, we have ited by the President and this Con- their employees to train their foreign conflated them, focusing most of our gress. Indeed, millions of Americans replacements. Think about how an attention on our immediate fiscal defi- are without jobs and overburdened American feels about that. That is a cits. with debt. Although large corporate slap in the face to hard-working Ameri- Sometimes overlooked is that these deficits are, in a large part, legacies of balance sheets are generally strong, cans. It is no way to get our economy many small businesses have limited ac- back on its feet and certainly no way unpaid-for policies of the previous ad- ministration, whether they be the wars cess to credit, a condition which will be to get Americans back to work.
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