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Unemployment Remains Above 8 Percent; Stimulus Debt Failed

Press Release

Location: Albuquerque, NM

According to projections by Congressman Heinrich and his liberal allies in Washington, today's unemployment rate should be 5.6 percent thanks to their $800 billion government stimulus. The reality: Unemployment has been above 8 percent for 42 straight months, the longest stretch of persistently high unemployment since the depression.

"Congressman Heinrich championed an $800 billion so-called stimulus that failed because he was wrong about how jobs are created and how economic growth happens," Wilson for Senate spokesman Chris Sanchez said.

"Congressman Heinrich has spent his entire Washington career championing reckless policies that failed to turn around our economy and instead dug our country $5 trillion deeper into debt. His $800 billion stimulus predictions were wrong, and he's wrong for New Mexico."

According to the White House, which sold the plan to Congressman Heinrich and his liberal allies, the $800 stimulus was supposed to bring down unemployment well below 6 percent by this time in 2012. Instead, unemployment has hovered above 8 percent for 42 consecutive months -- the longest since the Great Depression.

"Congressman Heinrich promised New Mexicans that his $800 billion stimulus would "create good jobs' and provide "swift economic relief,'" Sanchez said. "What do we have to show for it? $800 billion more in red ink. We can't afford six more years of wrong decisions -- we need results."

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