Today’s latest unemployment report, showing a 9.8% unemployment rate for November, marks the 16th consecutive month that the unemployment rate has been at or above 9.5% - the longest period since the Great Depression. Despite this, yesterday, Democrats voted to raise taxes on small businesses, putting a target on the back of every worker in every small business in America.
Clearly,…
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Washington, DC – Today, U.S. Rep. Dave Camp (R-MI), the Ranking Member of the Committee on Ways and Means, issued the following statement with regard to the final proposal put forth by the Fiscal Commission co-chairs, Erskine Bowles and former Senator Alan Simpson.
“Chairmen Bowles and Simpson deserve a great deal of credit for undertaking this monumental task and providing the…
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While Democrats promised stimulus would create 3.7 million jobs, the reality is far different. To date, 48 out of 50 states have lost jobs, while the unemployment rate has remained at or above 9.5% for 15 consecutive months. As the nation nears the end of 2010 -- when final statistics will be available to compare actual outcomes with the Administration's pre-stimulus projections --…
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Yesterday the White House Council of Economic Advisors issued a report saying Democrats’ 2009 stimulus law “by some measures has exceeded the original goal of creating or saving 3.5 million jobs by the end of 2010."
Those “measures” must not include what experts call “data,” and most people call “facts.”
Consider the comparisons below between what the White House said would happen if…
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This morning on CNBC, U.S. Department of Labor Secretary Hilda Solis said the fact that the U.S. unemployment rate was 9.6% in October 2010 (as opposed to 10.1% in October 2009) “tells you...we’re on the right path.”
Contrary to her rhetoric, the facts show that the U.S. unemployment rate has been 9.5% or above for 15 consecutive months – the longest period since the Great Depression. …
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Today, Democrats attempted to add another $12 billion to our nation’s debt by refusing to provide a fiscally sound way to extend Federal unemployment benefits. Republicans have long supported aiding the unemployed, but Democrats remain adamant that the cost of these benefits be added to the country’s nearly $14 trillion debt. Ways and Means Member Charles Boustany (R-LA) took to the…
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In case anyone needs another reason for extending all of the 2001 and 2003 tax cuts, look no further than the continued difficulties in the U.S. job market. October 2010 marked the 18th consecutive month the official U.S. unemployment rate was stuck above 9 percent. Meanwhile, 48 out of 50 States have lost jobs since Democrats’ trillion-dollar 2009 stimulus plan.
Yet as bad as those…
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Washington, DC – Following the release of the October jobs report this morning, Rep. Dave Camp (R-MI), the top Republican on the House Ways and Means Committee, issued the following statement.
“The policies of higher taxes, more deficit spending and greater regulation coming out of Washington have failed to produce the jobs Americans need. Today’s unemployment rate is another sign…
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The Department of Labor today released its latest state-by-state job report, showing state jobs and unemployment data for September 2010. This latest data, when compared with the level of jobs in February 2009, when President Obama signed Democrats’ trillion-dollar stimulus plan into law, reveals that 48 out of 50 States have lost jobs since then. In total, over 2 million jobs have been…
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Administration Claim
“The rate of unemployment has stayed high because more people are coming into the job market again,” said Solis. “Those that are discouraged are also looking for jobs again, so that’s what keeps the unemployment rate high.”
Hilda Solis, Secretary of the U.S. Department of Labor, October 12, 2010
Reality
Official U.S. Department of Labor data show that the…
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