Congressional Hispanic Conference Responds to Disappointing Economic Figures

Jun 5, 2012

Washington, Jun 5 -
June 5, 2012

Contact:  Karina Valdes (Diaz-Balart)
(202) 225-4211
Kyler Arnold (Canseco)
(202) 225-4511

Congressional Hispanic Conference Responds to Disappointing Economic Figures

Washington, D.C. – Chairman Mario Diaz-Balart (FL-21) and Vice Chairman Congressman Francisco “Quico” Canseco (TX-23), made the following statements on the May jobs report and the slow economy’s effect on the Hispanic community:

“These dismal numbers are sadly no longer a surprise; they simply reiterate and remind us month after month of President Obama’s disastrous economic policies. After a failed stimulus of nearly a trillion dollars, the President has the audacity to ask for more spending, more borrowing, and more taxes. Unfortunately for the American people, this president’s policies have failed miserably. Yes, President Obama may have brought us change, but it is not change we can believe in. It is change that has increased the national debt by $5 trillion dollars, change that has allowed GDP growth to creep along at a paltry pace of 1.9 percent, and change that has marked May as the fortieth consecutive month with the unemployment rate above 8 percent.  It’s time for President Obama to stop dividing the American people. It’s time for him to recognize that his policies have failed, and to finally start cooperating with Republicans on bipartisan solutions to get America working again,” said Chairman Diaz-Balart.

Vice Chairman Canseco stated, “Today's jobs report was unfortunately all too predictable because of the jobs-crushing economic policies of President Obama.  Instead of creating a business climate where small businesses and other entrepreneurs can thrive and create jobs, President Obama has pursued economic policies of more spending, more taxes, and more government that have left small businesses worried if they can even stay in business.  While President Obama's economic policies are hurting all Americans, they're falling particularly hard on Hispanics, as the Hispanic unemployment rate for May rose from 10.3% to 11%.  Instead of doubling down on his failed policies, President Obama should take a look at working to pass the almost 30 jobs bills that have been passed by the House of Representatives, many on a bipartisan basis, but being ignored by his allies in the United States Senate.”