Amodei: administration's policies stand in way of job-creation
FOR IMMEDIATE RELEASE Contact: Brian Baluta (202) 225-6155
November 4, 2011
WASHINGTON, D.C. -- In response to today's jobs numbers from the U.S. Bureau of Labor Statistics (BLS), Congressman Mark Amodei (NV-2) said that it's time for the President Obama to recognize that his promised economic recovery has not materialized and that his administration's economic policies do not work.
"The first step toward recovery is admitting that you have a problem," said Amodei. "This administration needs to admit that its policies of record spending, uncontrolled debt, excessive regulations, and the threat of higher taxes are not the solution. They are the problem."
From February 2009, when the President's “stimulus” was signed into law, through October 2011, the economy has shed 2,047,000 jobs -- an average of 62,030 jobs lost each month. The administration claimed national unemployment would be 6.5 percent today if the stimulus was enacted. According to the latest BLS figures, it is 9 percent.
The Congressional Budget Office estimates the cost of that failed program will reach $825 billion and interest on the debt will be at least $347 billion. As of September 2011, unemployment in Nevada is 13.4% -- the highest in the nation. The October numbers by state will be released November 22, 2011.
"Our country now ranks 13th in the world for 'ease of starting a business' according to a World Bank report," said Amodei. "In 2007, we ranked third. Stymieing entrepreneurship is not going to get people back to work."
This year, the Republican majority in the House has passed numerous pieces of legislation to liberate job creators from the destructive polices of the administration. Twenty-two of those bills, which would foster economic growth and job creation, are stuck in the Democrat-controlled Senate.
While the Senate stalls, there are:
• 1,293,000 job seekers who are new to the workforce and have yet to find a job. The number of new workers who cannot find a job has been above one million for two years.
• 5,876,000 Americans unemployed and searching for work for more than 27 weeks in the month of October. Since President Obama took office, the number of people unemployed for more than 27 weeks increased by 139 percent.
• 45,837,824 Americans receiving food stamps -- the most in any month in history, which is an increase of 40 percent since President Obama took office.
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