People Over Politics: Economic Solutions That Matter For Long Islanders

Stephen A. Labate is a financial planner and army veteran who is running for Congress in New York's Third Congressional District.

Today, the U.S. Department of Labor reported that the unemployment rate rose to 8.2% in May, the economy added only 69,000 jobs, and the long-term unemployed rate rose dramatically from 5.1 to 5.4 million. Yesterday, the U.S. Department of Commerce reported that the economy grew at a 1.9% annual rate for the first quarter of 2012, a rate much lower than the 3% reported in the previous quarter.

Results of the most recent Long Island Economic Survey & Opinion Poll indicate that over 50% of Long Island businesses forecast no revenue growth and/or a decline in revenue for 2012. Additionally, 61% think we are headed for a double dip recession. 

These numbers paint a bleak picture of the U.S. economy, and I am sure leave many of you concerned about what this means for you and your family. The sub-par GDP number, and the resulting increase in unemployment prove the ineffectiveness of the current strategy of using government as the economic engine in this country. Three and a half years after the start of the economic downturn, it seems the current administration, and our Congressman, do not understand the severity of our economic situation, or the solutions necessary to fix it.

In order to get people back to work we need strong economic output from the private sector. Small and large business surveys consistently identify taxation, regulation and legislation from Washington as the major factors, which make it harder for their business to grow and hire new employees. Real economic growth is driven by businesses working to compete and grow in the free market, not by government.

Pro-growth economic policies, in which government removes impediments to private investment, are the only way to put the United States back on the road to prosperity. As your Congressman, I will propose and support policies that reduce corporate income tax rates, employer mandates and unnecessary regulation, so Long Island businesses can grow and thrive and our residents can get back to work. 

Stephen A. Labate is a financial planner and army veteran who is running for Congress in New York's Third Congressional District. Email

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Long Island Patriot June 07, 2012 at 04:29 PM
Nancy, here's an article that appeared in Long Island Politics which clearly states the Steve Israel live in Sayville:http://www.lipolitics.com/blog/2012/03/06/larry-kelly-the-next-two-weeks-will-decide-that-future-of-long-island-representation-in-the-house/
Long Island Patriot June 07, 2012 at 04:30 PM
Sorry Nancy I messed up the link : http://www.lipolitics.com/blog/2012/03/06/larry-kelly-the-next-two-weeks-will-decide-that-future-of-long-island-representation-in-the-house/
Phil B. Liberty II June 08, 2012 at 05:52 AM
Dad, I hope you are not home schooling because it is clear that you know very little other than leftist platitudes. Labate has been too busy raising a family and defending his country to be a politician. He only became active after 0bamaCare was jammed the throats of Congress via quasi-legal procedural tricks by the Dems. He realized that 0bamaCare will wreck the economy, healthcare and privacy in America, while accomplishing few of its stated goals. As someone who has worked in government and in the private sector defending consumer rights I see that your concept of what is going on seems to come from something written in the 1970s by some hippies. Have you dropped some acid as well as drunk "the cool-aid?" It's funny that you don't blame Steve Israel and 0bama for the fact your world stinks. Are you better off today than you were 4 years ago? I doubt it. They like Chuck Schumer receive tons of money from "big bad business." It's time for a change. It's time for the economy to grow again and for government to shrink. It's time to have a commonsense family man and businessman as Congressman rather than a philandering professional politician like Steve Israel. I'm a registered Democrat and I urge all my fellow Dems to vote for Stephen Labate for Congress in NY3 next November.
Phil B. Liberty II June 08, 2012 at 06:12 AM
Another “know nothing” leftist post. Are you guys all friends with Steve Israel? Those in the know remember that while Graham was lead sponsor of the "reform," the Dems were "ALL IN" because they got themselves a present for their support, i.e., Dodd and Schumer were able to get payola in the form of the Community Reinvestment Act, which required banks to extend lines of credit to predominantly minority areas. This is what lead to the mortgage crisis. Broke people, often with the help of ACORN & other corrupt community orgs, were allowed to buy houses with fraudulent documents and no money down. Yes, the Dems were thick as thieves paying off themselves (Dodd & Countrywide) and their constituents. “I welcome this day as a day of success and triumph," said Sen. Dodd, (D-CN). "The concerns that we will have a meltdown like 1929 are dramatically overblown," said Sen. Bob Kerrey, (D-NE). And finally Steve Israel's friend and crony - "If we don't pass this bill, we could find London or Frankfurt or years down the road Shanghai becoming the financial capital of the world," said Sen. Chuck Schumer, D-N.Y. "There are many reasons for this bill, but first and foremost is to ensure that U.S. financial firms remain competitive." We need to get rid of almost all the Dems and a few Repubs as well and start over. Stephen Labate will make a great new Congressman for Long Island and things will immediately get better.
Phil B. Liberty II June 08, 2012 at 06:51 AM
@ Commando (is it Commando or CooCoo?) - From I can see and have heard from Stephen Labate in his campaign for the 3rd Congressional seat, he is very much in the Eisenhower mold. He is a thoughtful and well educated pro-business candidate. His opponent is another tax and spend liberal. Stephen Labate was not merely in combat; he is a Lt. Colonel and was in responsible leadership positions. I believe he is now assigned to the Pentagon, but you will have to check his website to confirm. I believe his opponent had some special assignments as Nancy Pelosi’s lap dog. This election is about kicking out a do nothing philandering hack politician who is part of the leadership of the Democrat Party. They made promises they couldn't or wouldn't keep and took a weak economy and made it far worse for far too long. It's time for a change and it's time for some new Congressmen on Long Island. Stephen Labate will be one of those fresh faces with practical ideas to make things better.


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