Washington, DC – Today, Chairman Dave Camp (R-MI) released the following statement on the looming fiscal cliff. “After the election, we only had 55 days to steer clear of the fiscal cliff.  The President has now finished at least his third press conference on the matter but is still two days away from meeting with congressional leadership.  After that, he will… Read more

On November 8, Congressional Democrats suggested that allowing taxes to rise on small businesses would “have only a miniscule effect on economic growth.”  However, according to a new Congressional Budget Office (CBO) report, their call for tax hikes would destroy 200,000 jobs.  While that level of job destruction may be “miniscule” to Democrats, the reality is, it is more… Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the October jobs report from the U.S. Department of Labor.  A net total of 171,000 jobs were created, and the unemployment rate for October increased to 7.9 percent.   “Today’s lackluster jobs report is simply the latest confirmation that the economic… Read more

1. Almost 4 Million Fewer Jobs than Projected: In January 2009, the Obama Administration forecast there would be 137.6 million jobs in December 2010.  Instead there were 130.3 million jobs in December 2010.  Even 22 months later in October 2012, there are just 133.8 million jobs – 3.8 million fewer than the Administration’s forecast for late 2010. 2. Slowest Jobs Recovery… Read more

Washington, DC - A day after his inauguration, President Obama promised his Administration would be defined by its openness and transparency, proudly declaring, "I will also hold myself, as president, to a new standard of openness….Transparency and the rule of law will be the touchstones of this presidency."  Sadly, the Obama Administration has failed to live up to the President’s… Read more

Temps are telling us something, and it isn’t good. Temporary employment is one of the better predictors of what the job market will do in the months ahead. And recent trends point toward even slower job creation in the final months of the year than the sluggish hiring that has been evident throughout 2012. Temp… Read more

Recently, the Congressional Budget Office reported that the country posted a deficit of $1.1 trillion in fiscal year 2012.  Despite his promise to cut the deficit in half by the end of his term, this is the fourth consecutive trillion-dollar deficit under President Obama.  As the table below shows, these massive deficits are simply one of the ways the policies of the Obama… Read more

   Before Obama*  After Obama**  Change Jobs (Payroll Employment)  136.8 million  133.5 million (9/2012)  - 3.3 million Not in Labor Force  79.5… Read more

Last week’s jobs report showed that the Obama Administration’s failed economic policies resulted in the addition of just 114,000 net new jobs in the month of September.  As the Brookings Institution chart below shows, at this pace, it will take well past 2025 until all the jobs lost during the last recession are recovered. … Read more

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the September jobs report from the U.S. Department of Labor.  A net total of 114,000 jobs were created, and the unemployment rate for September decreased to 7.8 percent.   “Today’s weak jobs report is another disappointing reminder of the failure of… Read more