Congressman Canseco's Statement on the May Jobs Report

Jun 2, 2012

FOR IMMEDIATE RELEASE
June 2, 2012

Contact:  Kyler Arnold
(202) 225-4511 or Kyler.Arnold@mail.house.gov

Congressman Canseco’s Statement on the May Jobs Report

Washington, D.C. – Congressman Francisco “Quico” Canseco (TX-23), a former small business owner, released the following statement following the release of the May jobs report:

“The May jobs report is yet another reminder that more debt, more spending, and more regulation are not the way to create jobs in America.  The economy created a paltry 69,000 jobs in May – while April and March numbers were revised downward – and the unemployment rate went higher to 8.2%, the 40th straight month it has been above 8%.  However, the jobs situation for many Americans is actually much worse.  For instance, roughly half of college graduates are either unemployed or underemployed.  In fact, so many people have completely given up looking for work in the Obama economy that workforce participation rate is at an almost 30-year low.  When you factor these people into the equation, the “real” unemployment rate is almost 15%.”

“These jobs figures are certainly not the tell-tale signs of a healthy, jobs-creating economy.  The American people know that our current economy is very much a function of President Obama’s failed economic policies.  They know that the near trillion-dollar stimulus plan, the president’s health care bill, excessive federal regulations, and trillions more in new borrowing are all weighing on our economy and freezing job creation throughout America.  Right after taking office, President Obama said that when it came to the economy, “if I don’t have this done in three years, then there’s going to be a one-term proposition.”  Yet, three years later, President Obama refuses to take responsibility for the economy and the failure of his economic policies and continually looks to blame others for the dismal state of our economy.”   

“In contrast, the House of Representatives has placed job creation as our number one priority.  We’ve developed our jobs agenda by listening to the needs and concerns of small businesses and other entrepreneurs across America, not the big-government special interests in Washington.  Based on this agenda, the House has passed almost 30 job-creating bills during this Congress, only to see them blocked by Senate Majority Leader Harry Reid and President Obama.  Senate Democrats and President Obama have refused to even take up such common sense measures such as approving the Keystone XL pipeline, which would create thousands of jobs and help produce more energy right here in America.”   

“We will only get our economy moving again once government gets out of the way and our government gets spending under control.  The House of Representatives will continue to do the work in order to make that a reality,” concluded Congressman Canseco.   

To schedule an interview please contact Kyler Arnold at (202) 225-4511 or Kyler.Arnold@mail.house.gov

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