Republicans Ignore Economy While U.S. Suffers from Eighth Straight Month of Job Losses
Sep 05, 03:33 PM CST
NEBRASKA DEMOCRATIC PARTY
FOR IMMEDIATE RELEASE
September 5, 2008
from Eighth Straight Month of Job Losses
LINCOLN, Neb. – Today’s news that the economy lost another 84,000 jobs in August – the eighth straight month of job losses – highlighted what was missing from this week’s Republican National Convention: any talk of the economic challenges that the American people face.
“John McCain’s continued assertion that the fundamentals of our economy are strong is demonstrably false,” said Matt Connealy, Executive Director of the Nebraska Democratic Party. “The Vise-Grip plant closing in DeWitt is just the latest evidence that the last thing Nebraska needs is more of the same Bush-McCain economic policies that got us here. John McCain’s economic plan even goes several steps further by offering more tax breaks to corporations that ship our jobs overseas while forcing Americans to pay taxes on health care benefits for the first time ever. That’s why we need to elect Barack Obama to bring working families the change they need.”
Instead of using their convention to offer new ideas for economic solutions, John McCain and Sarah Palin retreated into the tired rhetoric of the Bush administration. This was not lost on people like David Gergen, who advised Presidents Nixon, Ford, Reagan and Clinton. He told CNN that John McCain’s acceptance speech “was mostly a rerun, retread of a lot of old Republican ideas that have brought us to where we are now.” As Gergen pointed out, “it’s hard to separate yourself out from President Bush when you essentially have the same economic policies as President Bush.”
Today’s Labor Department report confirmed the eighth straight month of job losses, and that the economy has lost 605,000 jobs so far in 2008. The unemployment rate also ticked up in August to 6.1%, from 5.7% in July, its highest level since September 2003. [Forbes, 9/05/08]
The McCain-Bush economic plan includes making the Bush tax cuts for the wealthiest Americans permanent, $200 billion in tax giveaways to oil companies already making record profits and to big corporations that ship jobs overseas, but not a dime to more than 100 million middle-class families.
To read more about Barack Obama’s plan to jumpstart our economy, provide middle class Americans tax relief, create jobs, support small businesses, and address the mortgage crisis, visit http://www.barackobama.com/issues/economy/.
– by Eric Van Horn | Send this to a friend
