Virginia Right!

  This is the most disturbing report I have seen since Obama took office. And believe me, there have been many! The sudden and unexpected drop in the unemployment numbers to 7.8% have economists scratching their heads. Especially when you consider that for every job “created”, the Obama Administration removes 10 from the workforce. According [...]

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Two Years After Treasury Secretary Timothy Geithner Crowed That America Is ‘On The Road To Recovery,’ The Economy Continues To Sputter   SEC. TIM GEITHNER: “Welcome to the recovery … a review of recent data on the American economy shows that we are on a path back to growth … on the road to recovery” (Sec. Geithner, [...]

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CNN Money sums up today’s Labor Department report for April: “Hiring slowed in April and workers dropped out of the labor force in droves — not a good sign for the job market going forward.”   According to The New York Times, “The United States had another month of disappointing job growth in April. The [...]

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The Bureau of Labor Statistics announced the employment numbers for March today, but news reports suggest they’re disappointing. The Wall Street Journal writes, “U.S. job growth slowed in March, and the labor force shrank, signaling that the economy could be losing momentum. Jobs outside of agriculture grew by 120,000 last month—half the number that the [...]

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President Obama’s Stimulus Package Has Not Delivered The Jobs His White House Claimed It Would   5 Million Jobs Short Of White House Stimulus Claim   WHITE HOUSE REPORT: “Aggregate Effect of the Recovery Package on GDP and Jobs in 2010Q4 … With Stimulus … Payroll Employment: 137,550,000.” (Christina Romer & Jared Bernstein, “The Job [...]

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With summer drawing to an end, the Bureau of Labor Statistics announced the August employment numbers today, showing that the jobless situation is little changed from June and in some aspects is worse. According to BLS, 54,000 jobs were lost in August, while the unemployment rate ticked up to 9.6%. Sadly, 14.9 million Americans remain [...]

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‘Every Time We Face A Crisis, It Seems, This Administration Takes Us On Another Ideological Tour Of The Far-Left To-Do List, When All The American People Want From It Are Some Straightforward Practical Solutions.’ – Sen. Mitch McConnell

RAHM EMANUEL: “Never Let A Serious Crisis Go To Waste. What I Mean By That Is It’s An Opportunity To Do Things You Couldn’t Do Before.” (Editorial, “A 40-Year Wish List,” The Wall Street Journal, 1/28/09)

ECONOMIC CRISIS:

“Hemorrhaging Of American Jobs”

“The Hemorrhaging Of American Jobs Accelerated At A Record Pace At The End Of 2008, Bringing The Year’s Total Job Losses To 2.6 Million Or The Highest Level In More Than Six Decades.” (“Worst Year For Jobs Since ’45,” CNN, 1/9/09)

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House Republican Whip Eric Cantor (R-VA) today issued the following statement after the Bureau of Labor Statistics reported that the U.S. economy lost 216,000 jobs in August, raising the unemployment rate to 9.7%, the highest level in twenty-six years:

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