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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 economy and jobs.
The
Bush Administration’s Commerce Department announced today that the economy
grew at its fastest rate in almost 20 years and “the gross domestic
product, or GDP, which measures total output within U.S. borders, advanced
at an 8.2% annual rate — the same as the department estimated a month ago
and more than double the 3.1% pace posted in the second quarter.” (Reuters.
12/23/03)
Reacting
to the announcement, Secretary of Commerce Don Evans said:
“President
Bush's pro-growth policies are clearly unleashing our economic potential.
Despite the positive signs, the President will not rest until every American
seeking work can find a job.”
However,
Schakowsky said, “President Bush has the worst job creation record since
the Great Depression and his Administration has gone 33 months without
creating a single new net private sector job – the longest job slump since
Herbert Hoover. Almost nine million Americans are without work,
and since President Bush took office, three million private sector jobs
have been lost.”
According
to Jobwatch.org:
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States
job growth is lagging
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The
Bush Administration’s “Jobs and Growth” tax cut package is failing to create
enough jobs
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48
out of 50 states have lost manufacturing jobs
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