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Public Statements

Bush-GOP Economy Has Failed Middle Class Families

Location: Washington, DC


Mr. PALLONE. Mr. Speaker, last week's disappointing job creation numbers once again highlight that the Bush economic recovery is a failure, is really not a recovery at all, and continues to fail America's families.

In June, the Bush economy added only 121,000 jobs. That is less than the 150,000 needed just to keep pace with population growth. President Bush still has the worst jobs record since the Great Depression, creating, on average, only 42,000 jobs per month.

Now, in the meantime, millions of American families are living paycheck to paycheck, struggling to make ends meet and going deeper into debt. With an economic record like this, you would think Washington Republicans would be coming up with some ideas on how to improve the economy. But, instead, Republicans say the economy is great.

Now, Democrats know better. We are fighting to expand economic opportunity for all by increasing the minimum wage, eliminating tax giveaways that encourage companies to move jobs overseas, and giving tax breaks to parents and students to better afford a higher education.

The problem, Mr. Speaker, is that Republicans are content with the status quo. Democrats are proposing creative ideas.


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