Hoyer: Republican Economy Continues in the Wrong Direction

Whip Says Slow Job Growth Reflects Failed Republican Policies

For Immediate Release:

August 4, 2006

Contact:Stacey Farnen Bernards
(202) 225 - 3130

 WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement this morning following the news that only 113,000 jobs were added to the economy in July:

 “While any job growth is welcome, the economy needs 150,000 jobs just to break even with the new workers entering the market, so it is disappointing that the Republican economy only added 113,000 jobs in July.  But it comes as no surprise.

 “While President Bush and Republicans try to put on a positive face, they can’t hide the fact that wages are stagnant, job growth has been insufficient, and the costs of gas, health care, and college tuition continue to skyrocket.  Congressional Republicans and the Bush Administration keep saying that the economy is doing very well, but that does nothing more than show how out of touch they are.

 “In addition to supporting a fair increase in the minimum wage, Democrats have plans to make health care more affordable, cut college costs, and make America energy independent.  When it comes to the economy, Republicans have tried, and they have failed.  It’s time for a new direction.”

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