Congressman Canseco's Statement on the March Jobs Report

Statement

Congressman Francisco "Quico" Canseco (TX-23), a former small businessman and member of the House Financial Services Committee, issued the following statement in reaction to the Department of Labor's March 2012 jobs report showing the economy added 120,000 jobs and the unemployment rate is at 8.2%:

"In 2009, the Obama Administration made a promise to the American people that in return for a $1 trillion stimulus package, unemployment would not go above 8%. Unfortunately, those tax and spend policies have failed and crippled our economy, and we've now seen the 38th straight month where the unemployment rate has been above 8%. Worse yet, there are still 13 million Americans still unemployed and the percentage of 'long-term' unemployed continues to top 40%, the highest since we began keeping records. Furthermore, the labor force participation rate -- which measures the percentage of able Americans working or looking for work -- is almost at a 30 year low. The fact that the unemployment percentage decreased this month with such anemic job growth only shows that Americans have given up looking for work in the Obama economy.

"If we do not get government out of the way, rising energy costs, the highest corporate tax rate in the world and job-killing over-regulation by Washington will continue to strangle our economy. We must work to give American families and small businesses the breathing room to find and create jobs or our economy will simply not get better. We must stop the Obama policies of attempting to spend, borrow, and bailout our way to economic prosperity. Instead, pro-growth policies like cutting taxes and cutting the size and scope of government to produce a leaner federal government are the best solutions for the economic problems that we face today. I hope President Obama will stop doubling down on his failed policies and give Americans the opportunity to get back to the work that they deserve," said Congressman Canseco.

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