Press Releases

(Evansville, IN) – Congressman Larry Bucshon (IN-08) released the following comment in regards to the June jobless rate.  The rate remained at 8.2 percent, the 41st consecutive month above 8 percent and longest stretch of high unemployment since 1948.

Congressman Bucshon (IN-08) states:

“As the unemployment rate fails to improve, living month to month is coming to mean week to week for families.  We simply cannot afford President Obama’s failed policies any longer.  His Administration’s plan for the future is more stimulus spending that only adds to our debt, more onerous federal regulations, the threat of tax increases on job creators, and higher taxes on the middle class through the implementation of Obamacare. 

“The House Republicans have maintained our focus on the real economy by passing more than 30 jobs bills and sending them over to the Senate who have taken no action.  I am working to create a healthier economy by offering common sense solutions that gets government out of the pocketbooks of hardworking taxpayers.  The path to recovery has been stagnant for too long because of President Obama’s insistence on tax and spend policies and we deserve better.”

Background:

The U.S. economy only added 80,000 jobs in the month of June.  The number of unemployed persons was 12.7 million in June.  There are 23.4 million Americans unemployed, underemployed, or not even looking for work.

The full list of House-passed jobs bills blocked by Senate Democrats can be accessed here.

According to the President’s own projections, unemployment should be around 5.6 percent today due to the nearly $1 trillion American Recovery and Reinvestment Act (ARRA), commonly known as the “Stimulus,” being enacted.

Since President Obama took office, the number of unemployed persons has increased from 11.6 million to 12.7 million and the unemployment rate has increased from 7.6 percent to 8.2 percent. (Numbers are from January 2009 and June 2012 - Bureau of Labor Statistics, Accessed 7/6/12)
 

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