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:
“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.
“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.
“According to today’s survey, while the national unemployment rate dropped slightly, it still stands at 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.
“It is time for President Bush and the Republicans to get to work for all Americans, not just the elite few.”
http://www.house.gov/pelosi/press/releases/Aug03/prWherearetheJobs080103.html
Coming into office while the nation was slowing toward recession and even after the attacks of 9-11-01, President’s Bush’s tax cuts and economic policies helped spur 50 consecutive months of economic growth, more than 8 million new jobs, real GDP grew by more than 17 percent and after tax per-capita income increased by 12 percent. Then, in 2006, the Democrats regained majority control of both houses of Congress.