Political Quotes

“in April 2003, the Bush administration pledged that its jobs and growth package, its Leave No Millionaire Behind Tax Cut Plan, would create 1,836,000 new jobs by the end of 2003, last month. The administration pledged to create 5.5 million new jobs this year in 2004; but as the Bureau of Labor Statistics reported this month, the economy had a grand total of 1,000 jobs in December. To begin reversing unemployment trends, there would need to be 250,000 new jobs each month. More than 2.3 million jobs have been lost since President Bush took office, Mr. Speaker. More than 2.3 million jobs. In my State of Ohio, one out of six manufacturing jobs has disappeared, one out of six, and most of them permanently. Despite recent good news for corporate profits and the trumpeting of the Bush administration on economic growth statistics, the labor market is still in crisis; and we have seen the worst job loss in a recovery since Herbert Hoover in the Great Depression. But for some reason, I guess political reasons, the administration calls the economy strong. Long-term unemployment is close to a 20-year high. Currently, the average length of unemployment is 5 months. While the administration has touted macroeconomic GDP growth numbers, indicators most important to middle class Americans just simply are not so bright. Simply put, high-paying jobs, industrial, manufacturing jobs are being replaced by low-paying jobs like Wal-Mart.”