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WASHINGTON,
D.C. – U.S. Representative Jan Schakowsky (D-IL) issued today’s “Bush Administration’s
Misstatement of the Day” on the latest unemployment figures released today
by the Bureau on Labor Statistics, including the continuing loss of manufacturing
jobs.
During
a visit to a Home Depot in Baltimore, Maryland, President Bush touted the
success of his Administration’s economic policies and tax cuts in helping
to create jobs. Even though 21,500 jobs have been lost in Maryland
since the latest round of Bush Administration tax cuts, President Bush
called on Congress to make those tax cuts permanent.
However,
according to a report released today by jobwatch.org:
The
president’s economics staff, the Council of Economic Advisers, projected
that the (tax cut) plan would result in the creation of 5.5 million jobs
by the end of 2004—306,000 new jobs each month, starting in July 2003.
Although jobs increased by 57,000 last month, November 2003, the "Jobs
and Growth Plan" still fell 249,000 jobs short of the administration’s
projection.
The
administration projected that a total of 1,530,000 jobs would be created
in the first five months after the tax cuts took effect. In fact, only
271,000 jobs were created over those five months for a cumulative shortfall
of 1,259,000 jobs.
Schakowsky
said, “Where are the Jobs, Mr. President?”
(Read
Schakowsky’s statement about today’s unemployment figures) |
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