In response to the Bureau of Labor Statistics report that 190,000 jobs were lost in October, bringing the unemployment rate to 10.2%, U.S. Congressman Tom Cole (OK-04) issued the following statement:
"We haven't seen this rate of unemployment since 1983," Congressman Cole said. "This should be a wake up call for the Administration and members of the majority in Congress. Instead of focusing their efforts on job creation, they've pushed an expensive, government takeover of our nation's health care. Earlier this year Congress passed a stimulus package that was allegedly going to create more than three million jobs. Not only did those jobs not materialize, more than 2.8 million jobs have been lost since the passage of that legislation. These figures make it clear that the economic policies being pursued by the Obama Administration are not working.