Last Friday, Senator Jeff Sessions (R., Ala.) gave the second in a series of speeches about the state of the U.S. economy. The full speech is here, and it is excerpted below:
Few things matter more to a working family than the pace of the economy, especially after a hard recession. If, on the one hand, it’s a rapid, strong recovery, jobs will return quickly, people will return the workforce, and a great deal of social suffering will be averted.
If, on the other hand, it’s a slow recovery, then businesses don’t create many new jobs, wages stagnate or fall, and the families continue to borrow from their savings to pay their bills. Life is spent wondering and worrying about the future.
We live today in the slowest “economic recovery” since the end of World War II. I’ll say that again: no recovery from a recession since the end of World War II has been as slow as this one. Not counting the Great Recession, we’ve had 11 recessions since 1945. All had faster, stronger recoveries than this last one.
Just how slow is this economic recovery? It has been nearly six years since the recession began in December of 2007. We still have not returned to the number of jobs we had six years ago. We are 1,988,000 jobs short of the 146,273,000 jobs we had when the recession began. . . .
We are becoming a part-time economy. The President’s health care law, without any doubt, is playing a major factor in this shift.
And, as we all know, part-time workers often don’t enjoy the same health, retirement, vacation, and other benefits as full-time workers. Indeed, it is exceedingly hard to succeed in this economy and in a career as only a part-time worker.
We must recognize one of the biggest contributors to the decline in full time jobs: Obamacare. As others have observed, it is destroying the 40 hour workweek. It is an assault on workers.