Press Releases: 2008

November 20, 2008
I want to commend Chairman John Dingell for his nearly 53 years of service to his constituents and to our nation, making him the longest serving member of Congress come next February.
November 20, 2008
I applaud the Senate's passage of House legislation extending unemployment insurance for Americans suffering in this recession.
November 20, 2008
As we said this afternoon, Democrats fully understand the importance of America’s automotive industry to our entire economy, and to the 3 million workers who depend on it for employment.
November 13, 2008
Today’s report from the Labor Department confirms that this recession is threatening the livelihoods of hundreds of thousands of Americans.
November 10, 2008
Veterans Day is a time to reaffirm our support for every American service member, both the 25 million living veterans and those we have lost, who fought to protect our freedoms.
November 7, 2008
Today’s job figures show an unexpectedly sharp spike in unemployment: In October, the American economy lost an additional 240,000 jobs. With job losses in nearly every sector of our economy, from blue-collar to white-collar, our unemployment rate has reached 6.5%, a 14-year high. In all, our economy has cut jobs every month of this year, for a total of 1.2 million lost since 2008 began.
November 6, 2008
I am sorry to learn that Congressman Roy Blunt will not be seeking reelection as House Republican Whip.
November 6, 2008
President-elect Obama’s selection of Rahm Emanuel as White House Chief of Staff shows a strong commitment to the mandate for change given by voters on Tuesday.
November 3, 2008
Winter has arrived, and with the cold weather comes another difficulty for families hit hard by the bad economy – paying to heat their homes.
October 31, 2008
We know that the economic crisis has ensnared families, small businesses, and state and local governments. Today we learn that law enforcement is also being hit hard.
October 31, 2008
In the past few days, it has come to our attention that some financial institutions are misrepresenting the intent of Secretary Paulson’s ‘Troubled Asset Relief Program.’
October 30, 2008
The Department of Commerce released more bad news today on the economy – the GDP has fallen for the first time in 2008. This is important because it means that America is producing less and selling less.
October 29, 2008
In today’s New York Times, there is a story illustrating the devastating impact that the current economic crisis is having on Joe the consumer.
October 28, 2008
While the rise in unemployment has been the focus of many news stories throughout the recent economic downturn, a related issue that has received far less attention is the effect ‘underemployment’ is having on America’s working families.
October 27, 2008
Earlier today, House Democratic leaders spoke with top economists about a new economic recovery package for Main Street.
October 24, 2008
I appreciate Chairman Greenspan’s candor, and I hope to see similar candor from conservatives in the days to come. It is clear that knee-jerk Republican deregulation has failed.
October 23, 2008
American workers are facing severe job losses and the prospect of a painful recession.
October 22, 2008
A troubling story in the New York Times today illustrates how the economic crisis is taking a serious, and in some cases dangerous, toll on the everyday lives of many Americans – with some forced to forego necessary prescription drugs so that they can pay for food or keep a roof over their heads.
October 21, 2008
On today’s front page of USA Today, there are two stories illustrating the devastating impact that the current economic crisis is having on communities around the country.
October 20, 2008
In this time of great economic crisis, millions of American families are struggling to support their most basic needs and worry that access to higher education for their children is in jeopardy.
October 20, 2008
Testifying today before the House Budget Committee, Federal Reserve Chairman Ben Bernanke voiced his support for an economic recovery package. Subsequent White House comments indicate President Bush is moving towards Democrats’ position on this vital issue as well.
October 17, 2008
Republicans’ eight years in the White House, and six years at all the levers of power, have resulted in a faltering economy, a failing energy policy, record deficits and debt, numerous cases of corruption, and an America overstretched and weakened in the world.
October 13, 2008
Let me assure you: No one here underestimates the gravity of our economic crisis. But I left today's meeting confident that the Emergency Economic Stabilization legislation Congress passed early this month gives the Treasury Department the authority and flexibility it needs to respond to this crisis.
October 7, 2008
Today's budget numbers are another sad reminder of the Bush Administration's historic fiscal recklessness.