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| Securing American Jobs Through Exports Act Of 2012—Motion To Proceed |
May 10, 2012 |
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Michael Bennet, D-CO
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"Madam President, during the worst recession since the Great Depression, which we are now fortunately coming out of, the highest the unemployment rate we ever got, even at the depths of that recession, for people with a college degree was 4.5 percent. We saw unemployment rates of 18 percent, 20 percent for certain groups of people--4.5 percent if one is a college graduate. It seems to me, first of all, that is an incredible stress test of the value of a college degree in this 21st century in which we are living. We ought to be making it easier, not harder, for students to go to college. However, as we know, interest rates on Federal student loans are scheduled to double from 3.4 percent to 6.8 percent on July 1, unless Congress can get out of its own way and do what is right. For the life of me, I don't know why we cannot come to an agreement. This is not a Democratic or Republican issue."
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| Securing American Jobs Through Exports Act Of 2012—Motion To Proceed |
May 10, 2012 |
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Michael Bennet, D-CO
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"Madam President, I want to take the opportunity to discuss the importance of reauthorizing the Export-Import Bank. Last month while in Colorado I had an opportunity to visit innovative businesses such as Coolerado, which creates energy-efficient air conditioners, Sandhill Scientific, which manufactures medical devices, and Leitner-Poma, which builds gondolas for ski resorts. They are building the gondola that is being installed in Vail this year to mark Vail's 50th anniversary. It was fun to see those American jobs being created for that great American industry."
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