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A Welcome Step In The Right Direction
Today, the Department of Labor released their January jobs report which showed that 20,000 jobs were lost last month — down from the 779,000 job losses in January 2009 – and that the unemployment rate dropped from 10% to a five month… Continue
After $100 Million in AIG Bonuses, Will House Republicans Finally Support Wall Street Reform?
The American people are outraged at reports that AIG will hand out $100 million in bonuses to executives in the same divisions whose actions helped precipitate the worst economic meltdown in 70 years. As reform legislation is considered by Congress, will House… Continue
A Sign of Economic Progress
Today, the Bureau of Economic Analysis released an advanced estimate showing the GDP increased at an annual rate of 5.7% in the fourth quarter of 2009: Economists react to the fastest GDP growth in six years: Mark Zandi, chief economist at Moody's… Continue
President Obama's State of the Union Address
Tonight, President Obama presented a vision to the American people of a stronger union, a new foundation for prosperity, and a thriving middle class. Working together, we will adopt a bold agenda for our economic growth — founded on good-paying jobs, strong… Continue
CBO Report Reminder of GOP Policies That Led to Millions of Jobs Lost and Record Deficits
Today, the Congressional Budget Office (CBO) released their 10-year budget forecast: Blog post» Full report» Speaker Pelosi on the report: Today's CBO report is a clear reminder of the Bush and Republican Congress-era policies that have resulted in the loss of millions… Continue
Congressional Action on the Economy Is Helping Ohio Families Recover From Failed GOP Policies — Including in Boehner's District
House Republican Leader John Boehner keeps asking: “where are the jobs?” Well, 79,000 of the jobs funded by the American Recovery and Reinvestment Act he tried to stop are in OHIO. In fact, Boehner seems to have forgotten the mess that the… Continue
Setting the Record Straight: Recovery Act Investments in Highways & Transit
Today, the Associated Press released an analysis of the American Recovery and Reinvestment Act on the impact of the highway and transit investments. These investments are creating and saving jobs as planned, but the AP focused instead on local overall unemployment rates…. Continue
Jobs for Main Street
This week, the House will consider the Jobs for Main Street Act to create or save jobs here at home with targeted investments ($75 billion) for highways and transit, school renovation, hiring teachers, police, and firefighters, small business, job training and affordable… Continue
Here Are The Facts, Mr. Boehner
In an op-ed in today's Washington Post, House Republican Leader John Boehner claimed President Obama and Democrats in Congress have failed to jump-start our economy and create jobs. Wrong, Mr. Boehner. When President Obama was sworn into office, this country was deep… Continue
A Victory for Science and Public Health
This afternoon, the House passed the conference report on the FY 2010 Consolidated Appropriations Act (HR 3288) which includes the Transportation-HUD, Labor-HHS-Education, Commerce-Justice-Science, Military Construction-Veterans Affairs, Financial Services, and State-Foreign Operations spending bills. The legislation addresses critical needs such as investing in… Continue