Jobs Lost Undermines Administration Claims Of Stimulus Success
House Republican Whip Eric Cantor (R-VA) today issued the following statement after the Bureau of Labor Statistics reported that the U.S. economy lost nearly 247,000 jobs in July, continuing inexcusable job loss:
"The American people have serious concerns about the economy, job creation and the unsustainable debt obligations incurred in the last six months - and they don't like what they see from the Administration and Congress. The resolve of small business job creators, American workers and entrepreneurs is strong, and we believe that empowering them to succeed is a far better option than the path chosen by the Administration. Beginning in January, House Republicans laid out a serious and substantive agenda that put jobs first. House Democrats, along with the White House, instead took an unfocused, go it alone' approach that has fallen well short of its goals and has failed to create jobs."
"The Administration promised the American people that their stimulus bill would jolt the economy, keep unemployment under 8.5 percent, and create permanent jobs. The stimulus achieved none of those promises. For Americans, the test for stimulus success is whether or not they have a job. Today, for another 247,000 Americans and their families, the stimulus failed that test."