Congressman Bob Gibbs

Representing the 7th District of Ohio

September 19th, 2012

September 19, 2013

September 16th marked the 5 year anniversary of the financial crisis that hit our country. It left hardworking Americans wondering where to turn. After five long years of empty rhetoric we mark the anniversary no better than we were before. Hardworking American’s are still feeling the effects of the financial crisis whether it is at work, the dinner table or the gas pump.

Long-term unemployment only continues to rise along with part time jobs that seem to be a quick fix for a growing problem of continued uncertainty in our economy.  The average unemployed worker has been out of work for more than eight and a half months. Americans have such low confidence in job prospects that they are beginning to stop looking for work.

College graduates are also feeling the effects of the stagnate movement of our country’s economy. College graduates are unable to get jobs that warrant a four year degree. After paying exorbitant costs to earn a college degree, most are unable to use that degree to the fullest. 284,000 recent college graduates hold jobs that pay minimum wage or less.  Instead of helping to launch the next generation, they are beginning to fall behind because job opportunities are scarce for their age group.  

The President admits that, “there is still work to do” regarding our country’s economy. The only fixes that the administration has proposed are increased red tape regulations that diminish an employer’s ability to hire more skilled employees. As unemployment hovers around 7.5% for over 54 months, the American people are beginning to think this may become the new normal.

We must work together in passing legislation that creates a pro-jobs climate to get our middle class back on their feet. The administration’s idea of pro growth legislation is a one size fits all policy that clearly has not been working. Big businesses get the break while middle class families bear the brunt of irresponsible legislation and careless policies that don’t fix the problem.

Our country has been able to pride itself on the premise that we are always moving forward. But with the lowest labor force participation rate since 1978 we are beginning to move backward rather than set the pace for innovation.

After admitting that there is much more work to be done five years after a failed attempt at an economic come back, the American people deserve better. Instead, they should feel confident that at the end of the day the money they earn and the job they have is secure. This crisis is sadly far from over.