WASHINGTON, DC – House Majority Leader Steny Hoyer (MD) released the following statement today in response to the Labor Department’s announcement that the economy lost 80,000 jobs in March and the unemployment rate hit 5.1%:
“There’s no question that the economy President Bush will hand off to his successor in January will be worse than the economy he inherited. This President’s economic program – exemplified by today’s very disappointing jobs report – is just further evidence that his policies are failing Americans. Even more disconcerting is the fact that Senator John McCain, the Republican Presidential nominee, says he doesn’t really understand the economy and simply promises more of the same.
“Democrats are focused on the issues that concern Americans. We are working to address the housing crisis, as well as other economic issues that this Administration has ignored for seven years. Under their watch, household income is down, gas prices have more than doubled, and foreclosure rates and the number of Americans receiving food stamps have both hit record highs. Throughout this year, Democrats will continue to examine responsible policy options to turn this economy around.”