Frank Pallone: “after 3 years in the White House, President Bush still has not figured out how to create jobs for Americans here in the…”

“after 3 years in the White House, President Bush still has not figured out how to create jobs for Americans here in the United States. The economy has yet to grow to the point where companies feel confident in hiring new employees. Accordingly, millions of Americans remain unemployed, some for so long they have actually given up their job search. If the jobs recession does not end soon and the economy does not create 2.1 million jobs this year, then President Bush will be the first President since President Hoover to preside over an economy in which he did not create one net job. One of the major reasons for the current jobs recession is the increased exporting of high-paying white- and blue-collar jobs overseas. Fortunately, this phenomenon has not hit New Jersey as hard as States like Ohio, Michigan, North Carolina, and Georgia. However, New Jersey has still suffered. I want Members to consider several examples from the township of Edison in my congressional district. This week a Ford plant is scheduled to close, leaving more than 900 New Jersey employees without jobs. Last year, the Frigidaire air conditioning plant closed in Edison and shifted production to Brazil, leaving 1,600 people unemployed. One would think that the Bush administration would be concerned about these job losses.”