Pelosi:
Democrats' New Direction Rewards Work, Not Just Wealth
WASHINGTON, Oct. 5 /U.S. Newswire/ -- The following release
was issued toady from the office of House Democratic Leader Nancy
Pelosi:
House Democratic Leader Nancy Pelosi issued the following
statement today on the tepid jobs report released today that
showed only 51,000 jobs, just one third of those needed to keep
pace with population growth, were created in September, while
real wages have remained stagnant over the last three years.
This week, House Democratic leaders are delivering major speeches
throughout the country to outline Democrats' commitment to restoring
the economic security of middle-class families, with speeches
today by Congressmen Rahm Emanuel in Chicago, James Clyburn in
Cincinnati, and Charles Rangel in Princeton, N.J.:
"President Bush and Republicans continue to claim that
the economy is on the right track, with President Bush saying
today's jobs report is 'more good news.' This once again demonstrates
how out of touch the Republicans are, because the U.S. economy
is not delivering for middle-class families.
"Corporate profits are up, but the incomes of middle-class
families have declined for five straight years. People are working
more productively than ever but their purchasing power is down.
The cost of everything from housing, to health care, to energy
is making it harder than ever to make ends meet, tightening the
middle-class squeeze. The Dow is up, but people's retirements
are less secure than ever. This economy is making the super-rich
richer, and leaving middle-class American families further behind.
"Republicans have no plan for middle-class families and
the kitchen table issues they are facing. Instead, they continue
to deliver tax subsidies to Big Oil, tax breaks for the wealthy
and record deficits for American taxpayers.
"Democrats are offering a New Direction that rewards
work, not just wealth, and expands opportunity and economic security
to all Americans. We will raise the minimum wage, repeal current
tax incentives that serve to export American jobs overseas, and
enact middle-class tax cuts to spur economic growth and encourage
businesses to invest in research and development."
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