Pelosi: Where Are the Jobs, Mr. President?
August 1, 2003
Washington, D.C. — House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics’ announcement that 470,000 people abandoned their job searches in July and that 3.2 million private sector jobs have been lost since President Bush took office:
Bush lost 3.2 million private sector jobs in the first 2.5 years in office.
Obama has lost 2.918 million since Jan 2009 (that would be a year, Nanc).
“The fact is that President Bush’s misguided economic policies have failed to create jobs. Since President Bush took office, the country has lost 3.2 million jobs, the worst record since President Hoover. And today we learned that in July nearly half a million people gave up looking for a job.
And we also note that while the population has increased by 2 million in the last year, the DLS says that somehow we lost an additional 1.1 (3.1 – 2 million) million from the labor force compared to last Jan.
“Job losses are taking a real toll on the financial security of American families. While Democrats are fighting for opportunity, jobs, and economic security for working families, Republicans continue to focus on helping those who need help the least.
Change?
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at a near record high. Hmm, so Obama’s rate must be higher than a “near record high?” In addition, the unemployment rate for African Americans was still over 11 percent in July, and the unemployment rate for Hispanics was 8.2 percent in July.
African Americans, 16.5% – was 12.8% a year ago. And African Americans between the ages 16 and 19? 43.8% Forty-three point eight percent.
Hispanics, 12.6% – was 9.9% a year ago.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
Standing by for the Pelosi press release today.