06/05/2005: Who's Herbert Hoover???
"House Democratic Leader Nancy Pelosi released the following statement this morning on the Bureau of Labor Statistics' announcement that only 78,000 jobs were created in May, far lower than what economists had predicted:
"Today's anemic jobs numbers confirm that President Bush has still failed to create a single new private-sector job since he became President. He continues to be the first President to lose jobs on his watch since Herbert Hoover.
"Yet Republicans remain in denial. On Tuesday, the President declared that he is satisfied with our economy and that 'our economy is strong.' But Democrats are not satisfied. And more importantly, Americans are not satisfied.
"Republicans' failed economic policies are making the middle- class squeeze worse, and may jeopardize America's long-term competitiveness.
"Job growth is disappointing and wages are stagnant, while gas prices, health care costs, and college tuition are all rising rapidly. Workers continue to struggle; another 7,000 manufacturing jobs were lost in May. And long-term unemployment is historic and widespread -- recent studies have shown that long-term unemployment has stayed above 20 percent for 31 consecutive months.
"Democrats have solutions to create millions of new jobs, spur innovation, and invest in America to advance economic security for all of America's families."
Courtesy of US News Wire
Karen on 06.05.05 @ 09:24 AM CST