Obama Wastes Away
U.S. President Barack Obama says that the latest unemployment figures show the stimulus is working and Congress is doing the right by focusing on health care reform.
“In the entire month of October, American employers shed merely 190,000 jobs. Looking at the bigger picture of 300 million Americans, that is but a drop in the bucket. Even with 15.7 million unemployed, only 5.2% of Americans are actually out of a job,” said President Obama during his speech in the Rose Garden.
“The stimulus package passed by my Congress earlier this year has saved and is continuing to save hundreds of thousands of jobs. Without those trillion dollars, we would have most likely lost 3 times as many as we did.”
“We were elected to build a future. Speaker Pelosi and Senator Reid are doing the right thing by focusing on providing health care to the millions of Americans without coverage, an issue central to that future of our great country.”
The Labor Department reports that almost 15.7 million Americans were out of work in October. 190,000 jobs were shed last month, down from the 219,000 jobs lost in September. It was the 22nd consecutive month that the economy has lost jobs, the longest slump in the 70 years records have been kept.
