Brady, a member of the House Ways and Means Committee, said he was pleased to see the Dow industrials close over 10,000 this week, but criticized the administration for not doing enough to fix unemployment. He said three million private sector jobs have been lost since the stimulus was passed in February.
The Republican then took aim at the health care legislation currently moving through Congress.
"The second myth, that government-run health care will make it more affordable?" Brady said. "Americans inherently know government interference drives costs up, not down." He claimed that the Democrats want to "allow the government to decide what doctors we can see, what treatments the government thinks you deserve and what medicines you can receive."
Brady said "our children and grandchildren will end up buried under a mountain of debt" if the Obama administration's fiscal agenda continues.
Read the full script after the jump.
“Hi, I’m Congressman Kevin Brady. I’m proud to represent southeast Texas in Congress, and serve as the lead House Republican on the Joint Economic Committee, which keeps tabs on America’s economic health.
“There are three big myths hurtling around Washington these days: no jobs equals an economic recovery, government-run health care will make it more affordable, and deficits don’t matter.
“The American public – to their credit – isn’t buying any of these.
“Start with the economy. We’re all pleased to see the stock market go up, but middle class America knows hundreds of thousands of jobs are disappearing each month. Many of them may never reappear.
“As families in my communities and across the country watch the national unemployment rate close to topping double digits - with very few real signs of relief ahead - they have one question for the White House: ‘Mr. President, where are the jobs?’
“Last January, the White House promised us all that if Congress passed the massive trillion-dollar ‘stimulus’ bill, jobs would be created immediately and the unemployment rate would stay under eight percent.
“Well, since then, nearly 3 million more Americans have lost their private sector jobs. Over 2 million have simply quit looking for work because they are so discouraged. And that’s frightening. And over 9 million Americans are working part time because they can't find a full time job. And those who do worry if they’ll be the next person standing in the unemployment line.
“The truth is: no jobs, no recovery. Let’s finally admit America’s recovery can’t be built on the unsteady Democratic doctrine of spending more, borrowing more and higher taxes. It’s failing our families.
“The second myth, that government-run health care will make it more affordable? Americans inherently know government interference drives costs up, not down. The massive health care plans being crafted behind closed doors in Washington will ultimately allow the government to decide what doctors we can see, what treatments the government thinks you deserve and what medicines you can receive.
“The Democrats’ plans are loaded with new federal mandates and higher taxes on insurance plans, treatments and equipment – all of which will be passed down to patients. New taxes on professionals and small businesses will drive jobs out of our economy and push more families into a government-run plan. At a time when families and workers want more choices and more options, Democrats in Washington are bent on creating a one-size fits all plan that Americans can just take or leave. By the way, these same Democratic members of Congress are making sure they and their families aren’t included in the plan. That should tell you something.
“The third myth: deficits don’t matter? Tell that to your kids and grandkids and see what they have to say thirty years down the road.
“Whether it’s wasteful stimulus spending, a cap-and-trade national energy tax that will put millions more out of work, or the trillion dollar health care experiment, congressional Democrats in Washington are boring new holes in our economic ship at a time when employers throughout America need a life preserver to help them stay afloat.
“Liberal policies that will keep people out of work longer will only make the deficit worse. Americans know that deficits matter to our dollar, to our economy, to our future. The federal budget deficit tripled to a record 1.4 trillion dollars this year. The government spent 199 billion dollars on interest alone - or almost 10 times the entire budget for NASA.
“Under the Obama Administration’s budget, our country is set to rack up 6.7 trillion dollars in debt over the next decade - almost equal to all the federal debt accumulated in our nation’s history. Democrats in Washington continue to pursue costly policies that tax too much, spend too much and borrow too much, all of which are discouraging small businesses from job creation and innovation while launching our national debt into the stratosphere.
“Make no mistake, our children and grandchildren will end up buried under a mountain of debt if we continue down this dangerous path of taxing, spending and borrowing.
“Let’s set aside the myths. Let’s get real.
“Real economic growth starts when the people who have taken the hardest hit in this recession - our small businesses - get back to creating jobs. It's what these businesses that employ more than half our nation's workforce do best. Republicans want to give them new tax relief tools and get out of their way.
“Republicans remain hopeful that this deep and painful recession will soon run its course, but Americans deserve better than a jobless recovery, which is no real recovery at all for American workers and families. Americans deserve affordable health care. And they deserve a nation that can pay its debt and live within its means.
“That’s what Republicans believe. That’s what will create the jobs that will grow our economy and put our nation back on the path to long-term prosperity.
“This is Congressman Kevin Brady. Thanks for listening.”
Can the gop do anything better than whine? I don`t believe in a "jobless recovery" either and I don`t like the huge deficits but I have not heard the gop do anything but complain or put their own myths out.
It's unfortunate that Congressman Brady is so clueless. The reason jobs are being created is not the fault of the Obama Administration, banks still are not lending to small businesses which are usually the source of new jobs in this type of economy. Congressman Brady would have us go back to the same nonsense that got us into this mess. On the matter of healthcare, does Mr. bardy want the rest of us to pay for the ever increasing numbers of people without healthcare that run to the hospital for emergency services, seems to be the case. About the debt, well needless to say spending 10 billion a month in Iraq for years at a time is what got us there, something Congressman Brady approved of and has get to make viable suggestions on how to recover from it
Who was it that said "deficits don't matter"? Fool, it was Ronald Reagan. The last time I checked, he was a Republican. The last time I check, his administration quadrupled the debt. The last time I checked, Dick Cheney used to crow,"Remember what Ronald Reagan said." The last time I checked, the Bush administration handed Obama an enormous deficit. The last time I checked, Obama had the courage to deal with all the problems that Republicans were shoving off on OUR grandchildren. The last time I checked, the Republicans were so ignorant, corrupt and incompetent, the, well, read the above.
What Brady does not mention is that the healthcare and pharmaceutical industries are within his top contributors. He's not interested in quality affordable healthcare for allAmericans, he's interested in helping out with the bottom line at Schering-Plough.
Both Republicans AND Democrats will twist the truth to fit whatever political agenda that they have.
The democrats have a golden opportunity to shape government but will squander the opportunity to appease the far left – which is out-of-touch with most Americans.
Their condescending ego will rob any real change from becoming reality.
We will just slip back to the same old thing – but not before The Democrats pillage the US Taxpayer for everything that he has first.
The Republican position on health care reform is is clear and can be summed up in one word...NO!
The Republican position includes continuing to:
1) NOT insure millions of Americans.
2) NOT cover "pre-existing conditions" when Americans change jobs.
3) NOT help Americans who lose their jobs keep health insurance coverage.
4) NOT stopping runaway profits by hospitals, insurance companies and drug companies.
Republicans like Brady led us into a second Great Depression but letting Wall Street bankers and stock brokers like Bernie Madoff steal us blind.
Republicans like Brady let Bush get 50,000+ US soldiers killed or wounded in Iraq...some Republicans like Bush and Cheney could profit...and Afghanistan could slip out of control.
Republicans like Brady stood by and did NOTHING when Hurricane Katrina was killing thousands.
The destructive and selfish views of Republicans like Brady are irrelevant.
Too bad we can put all Republicans in to a time machine and send them back to the Stone Age where they would be more at home.
I guess it is this guy's(who IS he?) turn to look stupid......
The republicans(cons) must be bi-polar....
They yell that America is the greatest country on Earth, and, in the next breath, they scream that our government cannot do anything right....
Now, which is it, cons?????
Another hypocrite Republican trying to scare people with lies.
Although Rep. Brady is correct about these myths, selfish losers for whose health-care insurance I am taxed will continue to argue–or perhaps even believe–that the health care is cheaper because they themselves are not paying for it.
Ain't socialism grand!
What America and all Americans need is to remove the insurance industry from the health care segment of our economy. Insurance adds 15 to 17 percent to all health care costs and provides nothing toward that care except paperwork, confusion and obfuscation.
The insurance industry takes huge profits and imparts no benefits.
let's see, the stimulus plan was to provide 1.3 million jobs by now. Recent reports say the plan has provided around 30,000 jobs. Where are the jobs????? $787 billion to create 30,000 jobs. Apparently the stimulus opponents were right.
SORRY KEVIN BRADY, BOTH YOU AND GOP's CREDIBILITY ON JOBS MAKE IT DIFFICULT TO BELIEVE A WORD YOU SAY.
1 – For 8-year while the GOP had control of both the presidency and congress, it did all it could to accelerate corporate industry's efforts to ship American jobs overseas.
2 – For 8-years the GOP did all it could to cut unemployment benefits.
3 – For 16-years the GOP did all it could to remove common-sense checks and regulations that blocked unscrupulous corporations from practicing unsavory methods that wrecked the American economy.
4 – For 75-years the GOP said and did nothing about the almighty health-care industry as fees skyrocketed and the industry run amuck pushing the middle-class into a “third-world” America.
Forgot about Medicare, didn't you? Who runs that program? Typical of the "no, no no" with not one iota of constructive ideas. Pathetic.
Instead of placing blame for the economic downturn squarely where it belongs, on the Bush Administration, Texas Rep. Kevin Brady chooses to attack the very person who is attempting to set the country back on the right track. More proof that the Republicans don't want to offer up ANYTHING to address the challenges we, as a country, are facing.
As the old saying goes: If you can't dazzle them with intelligence, baffle them with bullcrap. Well, the American people aren't buying it anymore...
This is why the Republican party is floundering. They are part of the problem, not part of the solution. Stop being part of the problem!
Evolve or die...
So far, all he has shown is that Republicans continue to use Economists work which has always shown that the stock market leads the recovery (from the Bush Recession), that they don't see that 30% of our healthcare dollars don't do anything to help people's health but to enrich the insurance industry, that with Republican congessional meddling, most government agencies wouldn't show the dollar losses but will show that their overhead is only 20% of the insurance company overhead, after all, UHC's chairman made $21,000/hour last year), and the deficits only matter when the president is a Democrat since three Republicans are responsible for 90% of the deficit. Where were they then???????
Get with the program and help America and quit being the party of "NO"!
Obana is fixing the mess that was left behind by your fellow republican and Texican. If B ush were still there at this critical time we would have found ourself off the cliff and recovering from there would be a decade or more. But this government recovered it .
Republicans are so hypocriticial...why did they not think of their children and grandchildren for the past 8 years while they sat around and watch the administration tank our economy? Was it because they were getting richer and the people they were elected to represent were almost non-existent??
This constant criticism of the President is bogus. Our President took over this mess and under the advise of savvy people has tried to turn things around. Lets back our President instead of bashing him 24/7.
It sounds to me like the good congressman speaks the truth.
What about the Republican myths of WMD's in Iraq, God is in Politics, Freedom of Speech exists only to attack Democrats but it's treason to attack republicans, and that Fox News is a real news madium? And those are just a few I can think of at 6am on a Saturday!
The congressman speaks the truth! No fact checks like the one performed on the SNL skit? Probably did one and found these statements to be true, just don't want to remind anyone.
Lyndon Johnson said that you could convince a lot of people by just repeating something over and over to them. After a while, he said, they actually can't remember that that used to believe something else.
In this case:
The Obama Administration is trying to create jobs with its stimulus program. Economists agree that the production of more jobs happens later in the recovery cycle. What better program would Rep. Brady suggest? We don't know because he doesn't say. Perhaps he doesn't know either.
"Deficits don't matter" is not something Obama said. It is something that Dick Cheney said while the Bush Administration was adding $6 trillion to the national debt. "Deficits don't matter" was the Republican economic strategy during the Reagan, Bush1, and Bush2 Administrations. Those three presidents created 85% of our current national debt.
Do government programs provide cost effective medical care? Does Medicare? If not, then we should repeal it, right? Is that what Brady proposes? Conservatives opposed Medicare when Lyndon Johnson proposed it and they have opposed it ever since. I trust the federal government a lot more than I trust the CEO of my health insurance corporation, that's for sure.
It was Cheney that declared that deficits don't matter. It was Clinton who engineered a surplus. Then Bush ran up unprecedented deficits.
He has a lot of good points. I don't think the 199 billion dollars of interest was avoidable, I just think bush and obama could have spent their bail outs more wisely, instead of having giant giveaways.
The Republicans had their chance yet all they did was get us into debt that you all passed own to this adminstration. So now all we need for you to do is get out of the President way so he can get things done..Party of 'NO' we are not trying to hear what you have to say
So why don't you share with us exactly what you would have done differently that would have an outcome that would have been better. We are recovering, it took us years to get to where we are and it will unfortunately take years to get out of this mess.
Many US jobs have gone and still are going overseas where the labor pool is less expensive, in part due to health benefits being so costly in this country.