Kent Conrad: “I was looking at this same data, looking at the President's claim that they are going to create 2.6 million new jobs…”

“I was looking at this same data, looking at the President's claim that they are going to create 2.6 million new jobs, and looking at where we are since they made that prediction. It is quite stunning. In February, of these new jobs that were created, some 20,000, as the Senator indicated, not a single one was in the private sector, not one. The whole assertion by the President, on his tax cut plans, has been, if you cut these taxes, you will get more jobs. He was not saying more jobs in Government; he was saying more jobs in the private sector. Yet the only new jobs we got in February were in Government. They were Government jobs. There was not a single new job in the private sector. So if the President's plan is working, I do not see the evidence for it. The evidence is, it is failing, and it is failing by a big margin. I believe one of the reasons maybe it is failing is that the tax cuts he chose were tax cuts that were geared to the highest income people, overwhelmingly. The Senator might be interested to know, I put up a chart that showed, for 2006, the average tax cut going to somebody earning over $1 million a year is $140,000.”