Congressman Canseco's Statement on July Jobs Report

FOR IMMEDIATE RELEASE
August 5th, 2011

Contact:  Valentina Weis
(202) 225-4511 or Valentina.Weis@mail.house.gov

Congressman Canseco’s Statement on July Jobs Report

Washington, D.C. – Congressman Francisco “Quico” Canseco, a former small businessman and a member of the House Financial Services Committee, released the following statement in reaction to today’s jobs report released by the Department of Labor for the month of July:

“While today’s report showed that jobs were created in July, we face a sad reality -- this is the 30th straight month that the unemployment rate has been at 8% or higher, the worst unemployment streak since the Great Depression. The number of jobs created in July fell short of the 130,000 to 150,000 new jobs needed to keep up with population growth,” said Congressman Canseco.

“We know what is holding this economy back – it is policies created in Washington like the government take-over of health care, the credit restricting Dodd-Frank financial regulation bill, and the spending-driven debt crisis that has us borrowing approximately 40 cents of every dollar spent. Despite their rhetoric on the importance of job creation, it is President Obama, Senate Majority Leader Harry Reid, and other Washington liberals that are standing in the way of the jobs-creating policies that have been passed in the House of Representatives over the past 7 months.

“For example, the House has passed H.R. 2, a bill to repeal and allow for the replacement of the government take-over of health care; H. Con. Res. 34, which is the House budget that puts our nation on a fiscally sustainable path by cutting spending and strengthening important programs like Medicare for future generations, while keeping taxes low to allow Americans to keep more of what they earn and to promote job creation; and H.R. 836, which ends a failed program enacted as part of the Dodd-Frank Act.

“I will continue to stand up for Texans and work to remove the hurdles Washington has placed on the road to economic recovery and job growth. We must turn this economy around because there are too many people willing to work that are without a job,” concluded Congressman Canseco.

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