“Since the 2008 financial crisis, the Fed has tripled its balance sheet to $3 trillion, equivalent to 20% of the economy, through an unprecedented series of bailouts and economic interventions,” Chairman Issa said.

9:30am in 2154 Rayburn House Office Building Obamacare was rushed through the House of Representatives and Senate by the Democratic majority in each chamber.  Many conceded they did not even read its entire contents, choosing instead to learn about the bill’s consequences after the fact.  One of those consequences is major cuts in the popular Medicare Advantage program serving seniors.  These cuts mean many seniors will lose coverage that they enjoyed prior to the law’s ...

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“Last week’s unemployment numbers remained stuck at unacceptably high levels. This reflects the poor climate for businesses that currently exists under the Obama Administration,” said Oversight Chairman Issa.

Chairman Issa released a new report documenting the strangling effect of red tape on job creation. In this report, job creators across the country describe problems with these regulations that prevent them from adding new jobs into our economy.

9:30am in 2154 Rayburn House Office Building   In Congress, we hear it every day from our constituents – Americans’ top concern is job creation. The June figures show that unemployment has remained unchanged at 8.2 percent. There are 12.7 million Americans unemployed. Almost 42 percent have been unemployed for six months or more. The verdict is in - the President’s stimulus plan, that counted on the government to create jobs, was a failure.

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“Your ominous message – which could be interpreted as a threat – is likely to have a major chilling effect on ATF employees exercising their rights to contact Congress. Therefore, it needs to be clarified.”