August 1, 2003
Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
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The unemployment rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast the jobless rate would edge higher to 10.1%.
Meantime, nonfarm payrolls fell by 20,000 compared with a revised 150,000 drop decline in December. Economists had expected payrolls to be flat. The December figure was revised down sharply from an originally reported 85,000 drop.
Kliphnote: Unemployment is down, but more jobs are lost.
The reason, more people have stopped looking for work.
What does the Obamabots and
Nancy Pelosi and Obama have to say now?
The same old line, it's not Obama's fault.
Nothing is Obama's fault. NOTHING!!
And to think the stimulus has saved jobs. where?
It would have been worse, they tell us. Obama saved jobs.
The jobs Obama says he saved cost the tax payer $425,000 per job.
Most of the jobs "saved" are government union jobs.
If Obama wants to have jobs allow drilling off shore and in ANWR
and elsewhere.
If Obama wants to have jobs allow drilling off shore and in ANWR
and elsewhere.
He wont and Green jobs will not do it.
And how is increasing taxes on top wage earners
going to create jobs? Can anyone tell me?
I keep hearing how 95% got a tax cut.
But nobody I know got one.
Unless it was so small no one could see it.
And how is increasing taxes on top wage earners
going to create jobs? Can anyone tell me?
I keep hearing how 95% got a tax cut.
But nobody I know got one.
Unless it was so small no one could see it.
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