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Renacci Statement on Reports of Higher Unemployment and Crumbling Economic Growth


Location: Washington, DC

Today, U.S. Rep. Jim Renacci (OH-16) released following statement in response to this morning's report from the Labor Department that the unemployment rate increased to 7.9 percent. The uptick in unemployment comes just days after the Commerce Department reported that America's GDP growth collapsed in the fourth quarter of 2012, posting negative growth numbers for the first time since 2009.

"For the past four years, President Obama and some in congress have whistled past the economic graveyard, glossing over the realities of our crumbling economy while recklessly pursuing flat-earth fiscal policies that have left millions of Americans without work and rendered our nation trillions further in debt. With his own job secured for the next four years, some thought the President might finally start to focus on our economy and offer hope to the American people who are desperate to find work of their own. Instead, he's turned his back on any hope for economic recovery and now seems blindly fixated on change -- changing the subject, changing our constitution, even changing the weather.

"While our nation faces many challenges today, there is no taller task or greater imperative than restoring strength to our economy and fiscal sanity to our government. And that challenge will not be met with four more years of hollow speeches, finger pointing or disbanding the "White House Jobs Council' after only four meetings. At a time when millions of Americans remain shackled by poverty and joblessness, it should not take an inconvenient report from his Commerce Department or another uptick in unemployment to remind the President of the economic crisis that is crippling our country. It's time for this Administration to ditch the distractions, cease the sideshows and join with both Republicans and Democrats in advancing policies that will allow our private sector to grow, balance our books and get the American people back to work."

Rep. Renacci is serving his second term in the U.S. House of Representatives, where he is a member of the Financial Services Committee and the Budget Committee. Prior to his election he worked as a Certified Public Accountant in the health care industry, and owned and operated over 60 other businesses in the automotive and sports management fields.

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